About Reliance Broadcast Network Limited Delisted/Unlisted Shares
Reliance Broadcast Network Limited was incorporated on 27 December 2005. It is classified as a Non-government Company and is registered at the Registrar of Companies, Mumbai. Reliance Broadcast Network Limited (RBNL) is a subsidiary of the Indian Reliance Anil Dhirubhai Ambani Group. Reliance Broadcast Network Limited owns BIG FM, India's largest radio network with 58 stations, reaching out to 1200+ towns and 50,000+ villages and over 45 crore Indians across the country. BIG FM was started in 2006 and its aim is not only to entertain the listeners with the power of radio but also to influence their lives positively.
The tagline of ‘Dhun Badal Ke Toh Dekho’ reflects the philosophy that ‘Changing the world for the better starts with changing your thoughts. With its positioning, BIG FM is playing a meaningful and compelling role in the lives of consumers. It is not just about entertainment but a brand that has a purpose. BIG FM reflects the brand ideology of standing out by creating effective and unique ideas.
BIG FM's relentless journey towards evolving into a holistic audio entertainment company has seen it create various touch-points for its audiences, connecting with them through initiatives and campaigns that they best relate to. Its unique content and continuous efforts to engage, inform and entertain listeners across cities based on local insights and extensive research has paved the path of success for the radio network.
The company plays the role of a ‘thought inspirer’ and an agent of positive change in society with its extensive reach, hyper-local content, and credible RJs. The company’s mission is to stimulate listeners to navigate through the disruption around them, encourage audiences to realize their potential and connect profitable consumers to advertisers.
Outstanding Shares of Reliance Broadcast Network : |
1279451170 |
Face Value of Reliance Broadcast Network : |
Rs. 5 Per Equity Share |
ISIN of Reliance Broadcast Network : |
INE445K01018 |
PAN No of Reliance Broadcast Network : |
AADCR1885L |
Lot Size of Reliance Broadcast Network : |
500 |
Last Traded Price of Reliance Broadcast Network |
Rs.0.10 |
Date of Delisting of Reliance Broadcast Network : |
28-Mar-14 |
Rate of Delisting of Reliance Broadcast Network : |
Rs.69.05 |
Reason of Delisting of Reliance Broadcast Network : |
Voluntary Delisting SEBI (Delisting of Equity Shares) Regulations 2009. |
INCORPORATION DETAILS
CIN |
U64200MH2005PLC158355 |
Registration Date |
December 27, 2005 |
Category/Sub-category of the Company |
Public Company/ Limited by Shares |
Address of the Registered office and contact details |
Unit No 503, 5th Floor, ARC Plaza Industrial Estate, 48 Oshiwara Village, Jogeshwari (West), Mumbai 400 102, Maharashtra, India Tel.: +91 22 2632 8397 |
Name, Address, and Contact Details of Registrar and Transfer Agent, if any |
K fin Technologies Private Limited Reliance Broadcast Network Limited Selenium, Tower B, Plot No- 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Hyderabad - 500032, Telangana, India Tel.: +91 40 6716 1500 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
Radio Broadcasting |
601 |
97.73% |
BOARD OF DIRECTORS
Mr. Darius Kakalia (Director)
Mr. Sushilkumar Agrawal (Director)
Mrs. Kala Agarwal (Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company |
% of shares held |
Reliance Entertainment Networks Private Limited (formerly known as Reliance Land Private Limited) |
98.38% |
SHAREHOLDING PATTERN (As of 31-03-2020)
S. No. |
Shareholder's Name |
Number of shares |
% of total Shares of the company |
1 |
Reliance Entertainment Networks Private Limited |
1,25,87,86,840 |
98.38 |
2 |
Reliance Capital Limited |
1,57,27,957 |
1.23 |
3 |
Public Shareholding |
49,36,373 |
0.39 |
Total |
1,27,94,51,170 |
100% |
INDUSTRY OUTLOOK
The Indian media and entertainment (M&E) sector was worth Rs. 1.38 trillion in 2020 and is estimated at Rs. 1.79 trillion in 2021, according to an EY report. Further, it is projected that it will grow to Rs. 2.23 trillion by 2023, due to the acceleration of digital adoption among users across geographies.
In FY 2020, the market size of the Indian broadcaster industry was over 420 billion INR on the basis of total revenues. This was estimated to reach over 720 billion INR by FY 2024, showing a compounded annual growth rate of over 14% compared to FY 2019.
Radio as a medium registered a 23% rise in listenership in 2020 with people tuning in from home during the lockdown and post that, in terms of advertising revenue, it continued to bleed. However, it seems to have changed now as the industry claims that it not only has posted a growth in listenership, even brands have made a comeback. “The growth in listenership is driven by growth in weekends, afternoon and night-time listening besides prime-time. Moreover, car listenership is back to pre-covid levels,” Abraham Thomas, CEO, Reliance Broadcast Network Limited said. In January 2021, the medium registered 4.6% growth in listenership when compared to December 2020, according to RAM (Radio Audience Measurement).
PROFIT & LOSS STATEMENT OF RELIANCE BROADCAST NETWORK LIMITED (In Rs. Lakhs)
Particulars |
2020 |
2019 |
2018 |
2017 |
Revenue from Operations |
23,055.08 |
30,743.36 |
29,800.31 |
31,322.38 |
EBITDA |
5,336.06 |
8,080.50 |
7,482.16 |
9,702.15 |
EBITDA margins |
22.55% |
25.69% |
23.47% |
23.66% |
Finance Cost |
12,214.47 |
16,396.62 |
16,254.13 |
15,854.91 |
Depreciation |
4,632.63 |
3,453.55 |
4,307.46 |
1,773.07 |
Other Income |
612.78 |
712.78 |
2,080.82 |
9,690.26 |
Exceptional Items |
(2,288.13) |
(194.39) |
2,244.56 |
65,191.63 |
Profit Before Tax |
(8,610.13) |
(10,862.50) |
(13,243.17) |
(63,427.20) |
Total Tax |
- |
- |
- |
- |
Profit After Tax (PAT) |
(8,610.13) |
(10,862.50) |
(13,243.17) |
(63,427.20) |
PAT margin |
-36.38% |
-34.53% |
-41.54% |
-154.65% |
EPS (Rs.) |
(1.10) |
(16.67) |
(16.69) |
(79.87) |
BALANCE SHEET OF RELIANCE BROADCAST NETWORK LIMITED (In Rs. Lakhs)
Particulars |
2020 |
2019 |
ASSETS |
||
NON CURRENT ASSETS |
||
Property, Plant & Equipment |
2,835.30 |
3,432.83 |
Intangible assets |
31,594.97 |
31,926.65 |
Long-term loans and advances |
1,492.50 |
8,818.43 |
Tax assets |
1,062.95 |
1,521.23 |
Financial assets |
1,213.32 |
661.61 |
Other non-current assets |
146.85 |
135.27 |
TOTAL NON CURRENT ASSETS |
38,345.89 |
46,496.02 |
CURRENT ASSETS |
||
Inventories |
140.32 |
167.30 |
Short-term loans and advances |
296.63 |
- |
Trade receivables |
9,021.63 |
10,806.77 |
Cash and cash equivalent |
2,036.82 |
7,376.30 |
Financial assets |
72.93 |
274.40 |
Other current assets |
2,524.57 |
2,146.93 |
TOTAL CURRENT ASSETS |
14,092.90 |
20,771.70 |
TOTAL ASSETS |
52,438.79 |
67,267.72 |
EQUITY AND LIABILITIES |
||
EQUITY |
||
Equity Share Capital |
63,972.56 |
3,972.56 |
Reserves and surplus |
(93,088.19) |
(83,809.41) |
TOTAL EQUITY |
(29,115.63) |
(79,836.85) |
LIABILITIES |
||
NON CURRENT LIABILITIES |
||
Borrowings |
7,090.91 |
21,886.41 |
Lease Liabilities |
2,051.58 |
- |
Financial liabilities |
57.36 |
- |
Provisions |
305.66 |
281.41 |
Other non-current liabilities |
- |
358.54 |
TOTAL NON-CURRENT LIABILITIES |
9,505.51 |
22,526.36 |
CURRENT LIABILITIES |
||
Borrowings |
27,147.84 |
69,182.54 |
Lease Liabilities |
1,170.49 |
- |
Trade payables |
6,524.20 |
6,413.04 |
Financial liabilities |
36,050.64 |
46,184.19 |
Provisions |
190.02 |
191.35 |
Other current liabilities |
965.72 |
2,607.09 |
TOTAL CURRENT LIABILITIES |
72,048.91 |
1,24,578.21 |
TOTAL LIABILITIES |
81,554.42 |
1,47,104.57 |
TOTAL EQUITY AND LIABILITIES |
52,438.79 |
67,267.72 |
DIVIDEND HISTORY
Particulars |
2020 |
2019 |
2018 |
Dividend (final + interim) (In Rs.) |
Nil |
Nil |
Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations decreased by 25% from Rs. 30,743.36 lakhs in FY 2019 to Rs. 23,055.08 lakhs in FY 2020.
EBITDA of the company decreased by 33.96% from Rs. 8,080.50 lakhs in FY 2019 to Rs.5,336.06 lakhs in FY 2020.
The EBITDA margins of the company decreased from 25.69% in FY 2019 to 22.55% in FY 2020.
Net loss of the company decreased by 20.74% i.e. from Rs. 10,862.50 lakhs in FY 2019 to Rs. 8,610.13 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.19.
Total borrowings of the company decreased from Rs. 91,068.95 lakhs as of 31st March 2019 to Rs. 34,238.75 lakhs as of 31st March 2020. The debt to Equity ratio of the company as of 31st March 2020 was -1.17.
The book value per share of the company as of 31st March 2020 stood at Rs. -2.27.