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RADIOCITY

RADIOCITY

RADIOCITY

TV Broadcasting & Software Production

23.2

0.00 (0.00%)

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Market Cap804 CrEPS0.2High23.4
Stock P/E113.8Net Profit MarginNALow23.1
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Performance

Today’s Low

Today’s High

23.1

23.4

52W Low

52W High

19.7

27.65

Open Price23.2Volume125
Prev. Close23.2
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Fundamentals

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Market Cap804 CrROE139.0%
P/E Ratio(TTM)113.8EPS(TTM)NA
P/B Ratio1.3Dividend Yield0.0%
Industry P/E21.1Book Value17.5
Face Value2.0
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About the Company

Music Broadcast was incorporated as ‘Music Broadcast Private Limited’ on November 4, 1999, at Kolkata as a private limited company under the Companies Act, 1956. The Company was converted into a public limited company pursuant to a resolution of their Shareholders at an extraordinary general meeting held on June 15, 2015 and consequently, the name of Company was changed to Music Broadcast Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Mumbai (‘RoC’) on June 25, 2015. Music Broadcast operates as a subsidiary of Jagran Prakashan.

Music Broadcast is the first private FM radio broadcaster in India operates under the brand name ‘Radio City’. Radio City has grown from four cities in 2001 to 37 cities as on February 2017. These radio stations include Bengaluru, Mumbai, Delhi, Chennai, Pune, Hyderabad, Ahmedabad etc. which were existing stations. The company acquired 11 additional radio stations under the Phase III policy i.e. the New Radio City Stations. The New Radio City Stations which have been operationalised are located at Kanpur, Ajmer, Kota, Udaipur, Patiala, Jamshedpur, Nasik, Kolhapur and Madurai.  The company is present in 12 out of the top 15 cities in India by population.

Business area of the company

The company has a sales alliance with ITM Software & Entertainment Private Ltd (ITM) which operates ‘Suno Lemon 91.9 FM’ (Suno Lemon) in Gwalior and Ananda Offset Private Limited (‘AOPL’) which operates ‘Friends 91.9 FM’ (Friends FM) in Kolkata. They also operate their online web radio on web portal www.planetradiocity.com (‘Planet Radio City’), which was launched in 2010. They operate 40 web radio stations through planetradiocity.com in eight languages. The company also has a 'Planet Radio City' mobile app that plays various stations such as 'Radio City Freedom', 'Radio City Electronica', 'Radio City Metal' and 'Radio City Smaran', in various languages, on mobile and other smart devices.

Major events and milestones

  • 2001: The Company won licenses for FM broadcasting in four cities under FM Policy Phase I. 
  • 2005: IVF Trustee Company invests in their Company and attains a majority shareholding.
  • 2006: The Company won licenses for FM broadcasting in 16 cities under FM Policy Phase II.
  • 2010: The Company launched web radio in India.
  • 2014: JPL invested in our Company through Spectrum.
  • 2015: Issue of Listed NCDs and listing on BSE.
  • 2015: ‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited.
  • 2016: The Company won licenses for FM broadcasting in 11 cities under FM Policy Phase III.
  • 2016: Re-affirmation of ‘CRISIL AA/Stable’ rating of Listed NCDs by CRISIL Limited.
  • 2016: The radio division of Shri Puran Multimedia Limited was transferred to the Company pursuant to the Scheme of Arrangement.

Awards, achievements and certifications

  • 2013- Great Places to Work - Global HR Excellence Awards (Innovative HR Practices).
  • 2013- Great Places to Work - Work Rank 32 in the Top 100 Companies.
  • 2014- Great Places to Work - Rank 25.
  • 2014- Great Places to Work - Reward and Recognition (Rank 3).
  • 2014- Great Places to Work - Work Media (Rank 1).
  • 2014- Great Places to Work - Engaging Frontline Staff (Rank 2).
  • 2014- Great Places to Work - Fairness in Performance Management System (Rank 3).
  • 2014- IRF Awards - Excellence in Radio Awards- Best on Ground/Activation by an FM Station (Radio City Freedom Awards).
  • 2015- IRF Awards - Excellence in Radio Awards- RJ of the Year (Hindi) (RJ Ginnie).
  • 2015- Great Places to Work - Rank 18.
  • 2015- Great Places to Work - Employee Participation and Involvement (Rank 3).
  • 2015- Great Places to Work - Media Industry (Rank 1).
  • 2015- Great Places to Work - Best Companies for Hiring and Welcoming (Rank 2).
  • 2015- Great Places to Work - Fairness in Performance Management System (Rank 1).
  • 2015- Golden Mikes - Best First Time innovation.
  • 2015- Golden Mikes - Most unique programming concept/idea.
  • 2015- Golden Mikes (in respect of Radio Mantra Stations) - Best on-air promotion by a network of station for self - Music ka Nasha.
  • 2015- Golden Mikes - Best on-air Promotion by a single station for Self.
  • 2015- Golden Mikes - Best Use of Radio for a Launch.
  • 2016- Golden Mikes - Best Use of Radio for a Launch.
  • 2016- Golden Mikes - Best Digital / Web Streaming by a Radio/ Network.
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best Radio Media Innovation.
  • 2016- Golden Mikes - Best on Air Promotion by a Network of Radio Stations for Self (Sponsored by a Client).
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best on Air Promotion for a Client (Multiple Station).
  • 2016- Golden Mikes (in respect of Radio Mantra Stations) - Best Public Service Initiative by a Radio Station or a Network of Radio Stations.
  • 2016- Golden Mikes - Best Public Service Initiative by a Radio Station or a Network of Radio Stations (Dil Deke Dekho).
  • 2016- Golden Mikes - Best on Air Promotion by a Single Radio Station for Self (Sponsored by a Client).
  • 2016- Golden Mikes Promotions - Best on Air Promotion for a Client (Multiple Station).
  • 2016- Golden Mikes Effectiveness - Best Use of Radio.
  • 2016- IRF Awards – Excellence in Radio Awards (in respect of Radio Mantra Stations) - Best Media Campaign (Chaar Footiya Dost).
  • 2016- IRF Awards - Excellence in Radio Awards Most Creative Campaign (Chaar Footiya Dost).
  • 2016- IRF Awards - Excellence in Radio Awards Best Interactive Idea (Salaam-E-Ishq).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Programme Packaging (Radio City Potugaadu).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Promo - In-House (Gujarati) (Masti Ki Paathshsala Contest).
  • 2016- IRF Awards - Excellence in Radio Awards Best Radio Promo - In-House (Tamil) (Radio City VIP Promo).
  • 2016- IRF Awards - Excellence in Radio Awards RJ of the Year (Telugu) (RJ Shiv).
  • 2016- IRF Awards - Excellence in Radio Awards Best Breakfast Programme (Telugu) (Radio City RJ Shiv).
  • 2016- New York Festival Radio Awards - Community service (Abki Baar dedo Akhbaar – Silver).
  • 2016- New York Festival Radio Awards - Community service (Dil Deke Dekho – Bronze).
  • 2016- New York Festival Radio Awards - Best Talk/Interview Special (Suno Na Dilli - Gold).

 

Parent OrganisationMusic Broadcast Ltd.Managing Director
Founded1999NSE SymbolRADIOCITY
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