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Music Broadcast Ltd

BSE Code : 540366 | NSE Symbol : RADIOCITY | ISIN:INE919I01024| SECTOR: - |

NSE BSE
 

51.50

0.00 0.00 Volume 280564

23-Jul-2019 EOD

Prev. Close

51.50

Open Price

47.20

Bid Price (QTY)

51.50(295)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 53.50 - 53.50

52 wk High/Low 68.00 - 45.20

Key Stats

MARKET CAP (RS CR) 1410.4
P/E 22.87
BOOK VALUE (RS) 21.816054
DIV (%) 0
MARKET LOT 1
EPS (TTM) 2.23
PRICE/BOOK 2.33772798692192
DIV YIELD.(%) 0
FACE VALUE (RS) 2
DELIVERABLES (%) 38.52

News & Announcements

17-Jul-2019

Music Broadcast to convene board meeting

17-Jul-2019

Music Broadcast Ltd - Music Broadcast Limited - Updates

02-Jul-2019

Music Broadcast Ltd - Music Broadcast Limited - Press Release

28-Jun-2019

Music Broadcast Ltd - Music Broadcast Limited - Trading Window

17-Jul-2019

Music Broadcast to convene board meeting

12-Jun-2019

Music Broadcast signs definitive agreement to acquire Reliance Broadcast Network

27-May-2019

Board of Music Broadcast approves acquisition of BIG FM

20-May-2019

Music Broadcast to table results

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
3rd Rock Multimedia Ltd 532066 3RDROCK
52 Weeks Entertainment Ltd 531925
Aarcon Facilities Ltd 532024
Aastha Broadcasting Network Ltd 503673
AMGF Intercorp Ltd 40267
Asian Films Production & Distribution Ltd 532047
B A G Films & Media Ltd 532507 BAGFILMS
Baba Arts Ltd 532380
Balaji Telefilms Ltd 532382 BALAJITELE
BGIL Films & Technologies Ltd 511664
BMB Music & Magnetics Ltd 531420
Broadcast Initiatives Ltd 532816 BROADCAST
CDI International Ltd 526141 COMPACDISC
Channel Nine Entertainment Ltd 535142
Cineline India Ltd 532807 CINELINE
Cinemax India Ltd(Merged) 534711 CINEMAXIN
Cinerad Communications Ltd 530457
Cinevista Ltd 532324 CINEVISTA
City Pulse Multiplex Ltd 542727
CNI Research Ltd 512018
Colorchips New Media Ltd 540023
Creative Eye Ltd 532392 CREATIVEYE
Credence Sound & Vision Ltd 526741
Crest Animation Studios Ltd 526785 CRESTANI
Cyber Media (India) Ltd 532640 CYBERMEDIA
D B Corp Ltd 533151 DBCORP
Deccan Chronicle Holdings Ltd 532608 DCHL
Den Networks Ltd 533137 DEN
Digicontent Ltd 542685 DGCONTENT
Diksat Transworld Ltd 540151
Diligent Media Corporation Ltd 540789 DNAMEDIA
Dish TV India Ltd 532839 DISHTV
Divine Entertainment Ltd 531907
Divine Multimedia (India) Ltd 523810
DQ Entertainment International Ltd 533176 DQE
DSJ Communication Ltd 526677 DALALSTCOM
Eduexel Infotainment Ltd 526483
Entertainment Network (India) Ltd 532700 ENIL
Eros International Media Ltd 533261 EROSMEDIA
ETC Networks Ltd (Merged) 506156 ETCNETWORK
ETC Networks Ltd(merged) 532615 ETCNET
Fame India Ltd(Merged) 532631 FAME
Fast Track Entertainment Ltd 532084
Filmcity Media Ltd 531486
G V Films Ltd 523277
Galaxy Cloud Kitchens Ltd 506186
Ganesh Films India Ltd 541703
Giriraj Entertainment Ltd 532037
Global Films & Broadcasting Ltd 531660
Goldfish Entertainment Ltd 531251
Gradiente Infotainment Ltd 590126
GTPL Hathway Ltd 540602 GTPL
H T Media Ltd 532662 HTMEDIA
Hathway Bhawani Cabletel & Datacom Ltd 509073
Hathway Cable & Datacom Ltd 533162 HATHWAY
Hindustan Media Ventures Ltd 533217 HMVL
Inhouse Productions Ltd 526610
Inox Leisure Ltd 532706 INOXLEISUR
Jagran Prakashan Ltd 532705 JAGRAN
Jain Studios Ltd 532033 JAINSTUDIO
Jump Networks Ltd 531337
Khyati Multimedia Entertainment Ltd 531692
Koffee Break Pictures Ltd 531602
Kohinoor Broadcasting Corporation Ltd 531366
Kome-on Communication Ltd 539910
KSS Ltd 532081 KSERASERA
Landmarc Leisure Corporation Ltd 532275
Lila Worldwide Ltd 531894 VATSMUSC
Madhya Pradesh Today Media Ltd 535009 MPTODAY
Media Matrix Worldwide Ltd 512267 MMWL
Mediaone Global Entertainment Ltd 503685
Midvalley Entertainment Ltd 533310
Moving Picture Company (I) Ltd 590011
Mukta Arts Ltd 532357 MUKTAARTS
New Delhi Television Ltd 532529 NDTV
Next Mediaworks Ltd 532416 NEXTMEDIA
Nextgen Animation Mediaa Ltd 532999
Nine Media & Information Services Ltd 531150
Odyssey Video Communications Ltd 517465
Onesource Techmedia Ltd 535647
Orient Tradelink Ltd 531512
Ortel Communications Ltd 539015 ORTEL
P. B. Films Ltd 539352
Padmalaya Telefilms Ltd 532350 PADMALAYAT
Pentamedia Graphics Ltd 500329 PENTSFWARE
Picturehouse Media Ltd 532355
Pooja Entertainment & Films Ltd 532011
Prime Focus Ltd 532748 PFOCUS
Pritish Nandy Communications Ltd 532387 PNC
Purple Entertainment Ltd 540159
PVR Ltd 532689 PVR
Pyramid Saimira Theatre Ltd 532791 PSTL
Radaan Mediaworks (I) Ltd 590070 RADAAN
Radan Multimedia Ltd 523451
Raj Television Network Ltd 532826 RAJTV
Reliance Broadcast Network Ltd 533143 RBN
Reliance MediaWorks Ltd 532399 RELMEDIA
SAB Events & Governance Now Media Ltd 540081 SABEVENTS
Sadhna Broadcast Ltd 540821
Sagar Productions Ltd 532092
Sahara One Media and Entertainment Ltd 503691
Sai Television Ltd 521321 SAITELE
Sambhaav Media Ltd 511630 SAMBHAAV
Saregama India Ltd 532163 SAREGAMA
Sea TV Network Ltd 533268
Shalimar Productions Ltd 512499
Shemaroo Entertainment Ltd 538685 SHEMAROO
Shree Ashtavinayak Cine Vision Ltd 532793 SHREEASHTA
Sibar Media & Entertainment Ltd 532353
Silly Monks Entertainment Ltd 535043 SILLYMONKS
Siti Networks Ltd 532795 SITINET
Sowbhagya Media Ltd 532025
Spicy Entertainment & Media Ltd 540084
Sri Adhikari Brothers Television Network Ltd 530943 SABTN
Srishti Video Corp Ltd 517366 SRISHTIVID
SRS Ltd 533569 SRSLTD
Sun TV Network Ltd 532733 SUNTV
T.V. Today Network Ltd 532515 TVTODAY
Television Eighteen India Ltd (Merged) 532299 TV-18
Think Ink Studio Ltd 539310
Tips Industries Ltd 532375 TIPSINDLTD
Trilogic Digital Media Ltd 531712
TV Vision Ltd 540083 TVVISION
TV18 Broadcast Ltd 532800 TV18BRDCST
UFO Moviez India Ltd 539141 UFO
Unistar Multimedia Ltd 532035
Universal Arts Ltd 532378
Universal Media Network Ltd 531790
UTV Software Communications Ltd 532619 UTVSOF
V R Films & Studios Ltd 542654
Veronica Production Ltd 531695
Via Media India Ltd 526759
Vision Cinemas Ltd 526441
Vision Corporation Ltd 531668
Zee Entertainment Enterprises Ltd 505537 ZEEL
Zee Media Corporation Ltd 532794 ZEEMEDIA

Share Holding

Category No. of shares Percentage
Total Foreign 2184767 0.79
Total Institutions 30139058 10.90
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 0 0.00
Total Promoters 203674995 73.65
Total Public & others 40549680 14.66
Total 276548500 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Music Broadcast Ltd

Music Broadcast Limited is engaged in the business of operating Private FM radio stations through the brand Radio City'. The Company started its operations in India in July, 2001 in Bangalore and operates radio stations in 39 cities across India. During the financial year ended 31 March 2008, Radio City became the largest Radio network to reach 67 million Indians, according to AZ research March 2018 study. Music Broadcast Limited was incorporated in Kolkata, as 'Music Broadcast Private Limited', under the companies Act 1956. The company was converted into a Public Limited Company, pursuant to approval of the shareholders at an extraordinary general meeting held on June 15, 2015 and consequently, the name of the company was changed to 'Music Broadcast Limited' and a fresh certificate of incorporation consequent upon conversion to Public Limited Company, issued by the Registrar of Companies. Radio City is the first private FM radio broadcaster in India and also operates the radio stations under the brand 'Radio City'. The company has grown the presence from four cities in 2001 to 39 currently. These radio stations including the eight 'Radio Mantra Solutions' transferred from SPML pursuant to scheme of arrangements and nine out of eleven New Radio City stations. In the year January 17, 2005, the company allotted 30,000 equity shares aggregating to 75% of the then paid-up equity share capital of the company to 'India Value Fund Trustee company Private Limited' (the IVF trustee company) and also in the year October 14, 2005, the IVF Trustee company transferred 20,400 equity shares, aggregating to 51% of the then paid-up equity share capital of the company to 'IVF Holdings Private Limited' (IVF Holdings). IVF Holdings held 99.99% of the paid up equity share capital of crystal. Further, pursuant to a share purchase agreement dated December 9, 2014 executed between IVF Trustee company, IVF Holdings and the company, IVF Trustee company transferred its entire shareholding in the company aggregating to 20.63% of then paid-up equity share capital of the company to IVF Holdings. Further pursuant a share purchase agreement dated December 16, 2014, executed between JPL, Growth Capital Trustee Company Private Limited and IVF Holdings, JPL acquired IVF Holdings fom Growth Capital Trustee Company Private Limited, which was holding company of crystal. Subsequently, the name of IVF Holdings was changed to spectrum. Spectrum and Crystal held 71.34% and 21.48% respectively of the paid up equity share capital of the company. Subsequently, spectrum and Crystal were merged into JPL pursuant to the scheme of arrangements. The Composite scheme of arrangement (the 'Scheme') for amalgamation of Crystal Sound and Music Private Limited ('Crystal') and Spectrum Broadcast Holdings Private Limited ('Spectrum') with Jagran Prakashan Limited ('JPL' or 'Amalgamated Company'), and the demerger of radio business undertaking of Shri Puran Multimedia Limited ('Demerged Company') into Music Broadcast Limited ('Company') was sanctioned by the High Court of Judicature at Allahabad vide its Order dated September 22, 2016 and the High Court of Judicature at Bombay vide its Order dated October 27, 2016. Subsequently approval from Ministry of Information & Broadcasting (MIB) was received on November 18, 2016. The Scheme came into effect on November 18, 2016, which was the date on which a certified copy of the order of the High Court of Bombay and High Court of Allahabad sanctioning the Scheme was filed with the Registrar of Companies, Mumbai and the Registrar of Companies, Kanpur. In terms of the Scheme, all properties, assets (including statutory licenses and permits), rights and liabilities forming part of the radio business undertaking of Demerged Company, as well all employees engaged in such business, were transferred to and vested in favour of the Company. Additionally, the Company substituted Demerged Company in all contracts and legal proceedings pertaining to the radio business undertaking. Additionally, in terms of the Scheme, the entire business and undertaking of Spectrum and Crystal, including all properties, assets (including statutory licenses and permits), rights and liabilities of Spectrum and Crystal, were transferred to and vested in favour of JPL. As consideration for the radio business undertaking of Demerged Company transferred to the Company, the shareholders of Demerged Company were allotted 10 fully paid up equity shares of face value of 10/- each of the Company for every 112 equity shares of Demerged Company held by them. During the financial year ended 31 March 2017, the company raised money from public by issue of equity shares which were listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 17 March 2017. The company's initial public offer (IPO) received overwhelming response, with an oversubscription of about 40 times. The IPO comprised of a fresh issue of 12,012,012 equity shares and an offer for sale of 2,658,518 equity shares by selling shareholders for Rs. 333/- per equity share (inclusive of premium of Rs. 323/- per share). During the financial year ended 31 March 2018, Radio City partnered with Lucknow Metro Rail Corporation (LMRC) to offer specialised content across all Lucknow Metro stations. During the year under review, Radio City introduced the Next Generation of FM Entertainment - VideoCity, India's First Video FM. RadioCity.in launched 9 new web radio stations in FY 2017-18. The Board of Directors Music Broadcast Limited at its meeting held on 23 April 2018 approved the acquisition of Radio Business of Kolkata based 'Ananda Offset Private Limited' (AOPL') operating radio station under the brand name 'Friends 91.9 FM' by way of Slump Sale subject to regulatory approvals. The Company has had a sales alliance with AOPL since the last five years and the acquisition allows it to enter into the Kolkata market, which is one of the top five markets in the country. Friends FM' as a brand has established itself in Kolkata city since past 10 years and was not in company's bouquet and was also not available for bidding in Phase III Batch I of e-auctions carried out by Ministry of Information and Broadcasting ('MIB'). AOPL runs two business divisions, radio and offset division and under terms of the business transfer agreement, the Company will acquire 100% ownership of the radio division of AOPL, subject to regulatory approvals.

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