Radiocity ( Music Broadcast) Fundamentals
Music Broadcast Limited is a subsidiary of Jagran Prakashan Ltd. It runs radio channel Radio City. Being the first FM radio broadcaster in India and with 19 years of expertise in the radio industry, Radio City is the second largest operator today. Music Broadcast currently has 39 stations across 12 states, comprising 62- of the country’s FM population. Radio City reaches out to over 69 million listeners in 34 cities covered by AZ Research 2019 Market Cap ₹ 916 Cr. Current Price ₹ 26.5 High / Low ₹ 29.6 / 14.6 Stock P/E Book Value ₹ 17.6 Dividend Yield 0.00 % ROCE -4.59 % ROE -3.90 % Face Value ₹ 2.00 Promoter holding 74.0 % Name CMP Rs. Debt / Eq Pledged % Reserves Rs.Cr. Music Broadcast 26.5 0.04 Nil 916.07 Quarterly Results (Rs in Crores)