Risk factor
Very poor trading liquidity
Profitability factor
Very low or no dividends
About
Established in 1999 and headquartered in Mumbai, India, Music Broadcast Limited is responsible for the ownership and operation of FM radio stations across the nation. These stations, operating under the popular Radio City brand, deliver a diverse array of regional, musical, and entertainment programming. The company's extensive network encompasses 28 radio stations spread across 39 Indian cities. Furthermore, it maintains a significant digital presence through its website, radiocity.in, and dedicated 'Radio City' YouTube channels. Music Broadcast Limited operates as a subsidiary of Jagran Prakashan Limited.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is reasonably priced on P/FCF.