NSE: RADIOCITY | BSE: 540366

Mid-range Performer

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9.18 -0.03 (-0.33%)

46.60% Fall from 52W High

48,181 NSE+BSE Volume

NSE 11 Jul, 2025 3:31 PM (IST)

317.3

Market Cap

Below industry Median

0.6

Beta 1Year

Very Low volatility

Music Broadcast Ltd. share price target and research reports

Name: Latest research reports of Music Broadcast Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Music Broadcast Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for RADIOCITY, BSE:540366 Music Broadcast Ltd.

Music Broadcast Ltd.

02 Nov 2017

Asset monetization phase to drive growth

Buy: Music Broadcast Ltd.

Motilal Oswal

Weak market conditions: Revenue increased 9.5% YoY to INR758m. Growth could have been better if not for the impact of GST, demonetization and RERA. EBITDA plunged 16% YoY (+9% QoQ) to INR242m (in-line) as the base quarter had a favorable impact of INR37m due to provision reversal. Adjusted for the same, EBITDA declined 3% YoY due to higher opex in new stations. Adj. margin shrunk 390bp YoY. Adj. PAT increased 10% YoY, benefiting from finance income. Old stations garner healthy margins: The 28 legacy stations grew ~5% YoY,...

Music Broadcast Ltd. is trading below its 50 day SMA of 9.3

Music Broadcast Ltd.

20 Jul 2017

Initiating Coverage

Buy: Music Broadcast Ltd.

Angel Broking

Long term barriers a positive for Industry: Radio Industry is protected by licenses for 15 years, thereby restricting the entry of new players. This would support the existing companies to strengthen their position and maintain a healthy growth rate. The new radio stations are being added in the semi-urban areas which is positive for the ..

Music Broadcast Ltd. is trading below its 50 day SMA of 9.3

Music Broadcast Ltd.

07 Jun 2017

Music Broadcast Ltd - IPO

Mgmt Note: Music Broadcast Ltd.

ICICI Securities Limited

We met the management of Music Broadcast (MBL) to understand its growth prospects and plans ahead. It is one of the leading private FM radio broadcasters in India with the brand Radio City. The company has 39 frequencies currently, including eight stations acquired from Radio Mantra and 11 acquired via Phase III auctions. MBL's operating revenues, EBITDA grew at 21%, 29% CAGR in FY14-17 to | 271.4 crore, | 91.1 crore, respectively. Radio City posted a six year CAGR of ~12.1% vs. 9.1% by industry in advertising volumes. It indicated triggers such as...

Music Broadcast Ltd. has lost -23.63% in the last 6 Months

Music Broadcast Ltd.

06 Mar 2017

IPO Note of Music Broadcast Ltd

IPO Note: Music Broadcast Ltd.

IDBI Capital

Music Broadcast provides a pure play in the radio space which is forecasted to grow at CAGR of 16.9% over 2015-2020. It has licenses for 39 cities of which 37 cities are already operational giving its presence in 12 of the top 15 cities. Its brand Radio City' has a strong listenership in most of the markets where it is present. Further, Music Broadcast has a track-record of growing faster than the industry which we believe it can continue going forward....

Music Broadcast Ltd. is trading above its 30 day SMA of 9.1

Music Broadcast Ltd.

04 Mar 2017

Music Broadcast Ltd.

IPO Subscribe: Music Broadcast Ltd.

Ashika Research

Music Broadcast Limited operates their radio stations under the brand Radio City. Radio City is the first private FM radio broadcaster in India. The company has grown their presence from 4 cities in 2001 to 37 cities as on February 15, 2017. These radio stations include the 8 Radio Mantra Stations transferred from Shri Puran Multimedia Ltd (SPML) pursuant to the Scheme of Arrangement and 9 out of 11 New Radio City Stations. The company has presence in 12 out of the top 15 cities in India by population. As on March 31, 2016, their radio stations reached out to over 4.96 crores listeners in 23 cities covered by AZ Research. All their Phase II Radio City Stations has been migrated to the Phase III Policy. These include Radio City stations which are present at Bengaluru, Lucknow, Mumbai, New Delhi, Chennai, Pune, Hyderabad, Ahmedabad, Surat, Nagpur, Jaipur,...

Music Broadcast Ltd. is trading above its 30 day SMA of 9.1

Music Broadcast Ltd.

03 Mar 2017

Musci Broadcast Limited

Music Broadcast Ltd.

SMC online

Incorporated in 1999, Music Broadcast Limited is the first private FM radio broadcaster in India operates under the brand name Radio City. The company operates its radio stations in 29 cities in India as of November 25, 2016. It is present in 12 out of the top 15 cities in India by population. Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited. In addition, Music Broadcast Limited operates 'Planet Radio City' mobile app that plays various stations, such as 'Radio City Freedom', 'Radio City...

Music Broadcast Ltd. is trading above its 30 day SMA of 9.1

Music Broadcast Ltd.

03 Mar 2017

Music Broadcast Ltd. - IPO Note

IPO Note: Music Broadcast Ltd.

Systematix Group

BSE & NSE their advertising potential, population density, per capita income and number of existing players. Post the migration of all MBL's Existing Radio Stations and acquisition of the New Key Investment Details for Retail Investors: Radio City Stations under Phase III, its markets would cover 62% of India's population Min No. of Shares application by...

Music Broadcast Ltd. has lost -41.83% in the last 1 Year

Music Broadcast Ltd.

03 Mar 2017

IPO Update - Music Broadcast Ltd.

IPO Note: Music Broadcast Ltd.

Choice India

Radio City, a part of Music Broadcast Ltd. (MBL) is a subsidiary of Jagran Prakashan Ltd. It is the first and oldest private FM radio broadcaster in India with over 15 years of expertise. The issue is a combination of fresh issue (Rs. 4,000mn) and offer for sale (Rs. 861.4 885.3mn). Net proceeds from the issue will be...