MUSI—57

Music Broadcast Ltd

BroadcastingVerified

Score breakdown

Profitability+9Sentiment+24Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion95AI synthesis40Observations10

Music Broadcast reports negative operating and net income, with a return on equity of -6.8% and return on assets of -5.09% [doc:HA-latest]. The company maintains a debt-to-equity ratio of 0.25 and a current ratio of 1.85, indicating moderate liquidity [doc:HA-latest]. However, free cash flow is negative at -118.997 million INR, and capital expenditures of -126.714 million INR suggest ongoing investment in operations [doc:HA-latest]. Profitability metrics are below typical thresholds for the Broadcasting industry, with operating losses and negative ROIC. The company's gross profit margin is 91.4%, but this is offset by high operating expenses, leading to a negative operating margin of -24.3% [doc:HA-latest]. The company's capital structure is relatively conservative, with long-term debt of 1,260.056 million INR and total equity of 4,977.367 million INR [doc:HA-latest]. The company operates 39 radio stations across 12 states and one union territory, with a focus on integrated advertising solutions and digital content. Revenue is concentrated in the Broadcasting segment, with no disclosed geographic breakdown [doc:HA-latest]. The company's digital initiatives, such as the Love Guru and South Ka Blockbuster platforms, are key differentiators in a competitive market [doc:HA-latest]. Outlook for the current fiscal year shows a revenue of 2,344.811 million INR, with no disclosed growth rate. The company's operating cash flow of 166.078 million INR suggests some cash generation, but this is insufficient to cover capital expenditures [doc:HA-latest]. The negative net income and operating income indicate ongoing financial stress [doc:HA-latest]. Risk factors include liquidity constraints, with net cash negative after subtracting total debt. The company's dilution risk is low, with no near-term pressure from share issuance or convertible debt [doc:HA-latest]. Recent filings and transcripts do not disclose material events affecting operations or strategy [doc:HA-latest].

Profile

CompanyMusic Broadcast Ltd

TickerMUSI.NS

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryBroadcasting

AI analysis

Business. Music Broadcast Limited operates private FM radio stations under the Radio City brand, generating revenue through advertising and integrated marketing solutions, including content production, event IPs, and digital collaborations with brands such as Samsung and Maruti Suzuki-Ertiga [doc:HA-latest].

Classification. Music Broadcast is classified under the Broadcasting industry within the Consumer Cyclicals economic sector, with a confidence level of 0.92 based on verified market data [doc:HA-latest].

Key takeaways

Music Broadcast operates in a competitive broadcasting industry with negative operating and net income.
The company maintains a conservative capital structure but faces liquidity constraints due to negative free cash flow.
Revenue is concentrated in the Broadcasting segment, with no disclosed geographic diversification.
The company's digital initiatives and integrated advertising solutions are key differentiators in a crowded market.
Outlook for the current fiscal year shows no significant revenue growth, with ongoing financial stress indicated by negative operating and net income.
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$2.34B

Gross profit$2.14B

Operating income-$569.1M

Net income-$338.4M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$166.1M

CapEx-$126.7M

Free cash flow-$119.0M

Total assets$6.65B

Total liabilities$1.67B

Total equity$4.98B

Cash & equivalents$40.0M

Long-term debt$1.26B

Annual history (last 5)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$4.98B

Net cash-$1.22B

Current ratio1.9

Debt/Equity0.2

ROA-5.1%

ROE-6.8%

Cash conversion-49.0%

CapEx/Revenue-5.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Broadcasting · cohort 54 companies

MetricMUSIActivity

Op margin-24.3%4.2% medp25 -21.2% · p75 11.4%bottom quartile

Net margin-14.4%2.2% medp25 -17.7% · p75 10.8%below median

Gross margin91.4%47.6% medp25 26.8% · p75 61.6%top quartile

CapEx / revenue-5.4%-3.3% medp25 -7.6% · p75 -1.8%below median

Debt / equity25.0%25.3% medp25 2.3% · p75 78.7%below median

Observations

IR observations

Last actual revenue2,344,811,000 INR

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-03 12:27 UTC#f964fd8d

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 12:29 UTCJob: 06e2a5cf