---
title: "Broadcast Initiatives Ltd (BROADCAST) — Share Price, Financials & Analysis"
symbol: "BROADCAST"
company: "Broadcast Initiatives Ltd"
canonical: "https://tapetide.com/stocks/BROADCAST"
generated_at: "2026-10-13T11:00:04.894Z"
---

# Broadcast Initiatives Ltd (BROADCAST)

Canonical page: https://tapetide.com/stocks/BROADCAST

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** liveindia.tv

## About

BroadcastInitiatives (BIL)isamediafirmoftheSriAdhikariBrothersgroup.Thecompanywas promotedbyMr.GautamAdhikariandMr.MarkandAdhikari.Thecompanyisengagedinbusinessof newsgathering,newssyndication,contentdevelopment,productionandcontentmanagementfornews andnews-basedprogrammes.ItbroadcastsLiveIndia,aHindinewschannel.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.12% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 36% | 0% | -12% |
| revenue growth | -54% | -4% | 9% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.9 | 1.49 | 2.66 | 3.42 | 3.85 | 3.95 | 2.91 | 1.83 | 2.78 | 1.08 | 1.49 | 0.39 |
| Expenses | 10.05 | 11.64 | 13.1 | 15.69 | 18.14 | 14.71 | 13.8 | 13.08 | 63.94 | 5.61 | 4.84 | 4.23 |
| Operating Profit | -6.15 | -10.15 | -10.44 | -12.27 | -14.29 | -10.76 | -10.89 | -11.25 | -61.16 | -4.53 | -3.35 | -3.84 |
| OPM % | -157.69 | -681.21 | -392.48 | -358.77 | -371.17 | -272.41 | -374.23 | -614.75 | -2200 | -419.44 | -224.83 | -984.62 |
| Other Income | 0.98 | 0.01 | 0.01 | -0.05 | 0.63 | 0.02 | -0.45 | 0.08 | 100.08 | 0 | -0.03 | 0.16 |
| Interest | 0.21 | 0 | 0 | 0 | 0.06 | 0.02 | 0.02 | 0.02 | 0.09 | 0.02 | 0.02 | 0.02 |
| Depreciation | 1.85 | 1.91 | 1.98 | 2.01 | 2.14 | 2.08 | 2.06 | 2.08 | 2.08 | 1.68 | 1.46 | 1.45 |
| Profit before tax | -7.23 | -12.05 | -12.41 | -14.33 | -15.86 | -12.84 | -13.42 | -13.27 | 36.75 | -6.23 | -4.86 | -5.15 |
| Tax % | -4.01 | -2.24 | -2.74 | -0.63 | -1.01 | -3.12 | -2.91 | -0.68 | 5.5 | 40.29 | 6.79 | 3.3 |
| Net Profit | -6.95 | -11.77 | -12.06 | -14.24 | -15.7 | -12.44 | -13.03 | -13.17 | 34.74 | -8.75 | -5.18 | -5.32 |
| EPS in Rs | -2.75 | -4.65 | -4.76 | -5.63 | -6.2 | -4.91 | -5.15 | -5.2 | 13.72 | -3.46 | -2.05 | -2.1 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14 | 14 | 9 | 7 | 10 | 13 | 6 | 20 | 11 | 6 |
| Expenses | 26 | 37 | 40 | 34 | 59 | 126 | 23 | 33 | 58 | 79 |
| Operating Profit | -12 | -23 | -31 | -27 | -50 | -113 | -17 | -13 | -47 | -73 |
| OPM % | -87 | -169 | -323 | -363 | -517 | -866 | -264 | -68 | -411 | -1270 |
| Other Income | 0 | 1 | 0 | 1 | 9 | 140 | 0 | 1 | 1 | 100 |
| Interest | 3 | 1 | 1 | 4 | 4 | 5 | 6 | 1 | 0 | 0 |
| Depreciation | 3 | 5 | 7 | 8 | 8 | 8 | 7 | 8 | 8 | 7 |
| Profit before tax | -17 | -27 | -38 | -38 | -53 | 15 | -30 | -21 | -54 | 21 |
| Tax % | -30 | 5 | 3 | 1 | 0 | -6 | -2 | -5 | -2 | — |
| Net Profit | -12 | -29 | -39 | -38 | -53 | 16 | -30 | -20 | -54 | 15 |
| EPS in Rs | — | — | — | — | -20.89 | 6.24 | -11.67 | -7.9 | -21.14 | 6.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 19 | 19 | 19 | 19 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 0 | 83 | 58 | 37 | -1 | -58 | -44 | -74 | -94 | -148 |
| Borrowings | 14 | 5 | 6 | 18 | 62 | 128 | 60 | 83 | 119 | 154 |
| Other Liabilities | 13 | 9 | 22 | 26 | 18 | 19 | 23 | 23 | 22 | 29 |
| Total Liabilities | 36 | 116 | 106 | 100 | 98 | 115 | 64 | 57 | 72 | 60 |
| Fixed Assets | 27 | 30 | 75 | 69 | 65 | 59 | 47 | 39 | 33 | 29 |
| CWIP | 0 | 16 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | 3 |
| Investments | 3 | 7 | 9 | 9 | 7 | 7 | 0 | 0 | 0 | 0 |
| Other Assets | 7 | 63 | 21 | 21 | 26 | 49 | 17 | 17 | 34 | 28 |
| Total Assets | 36 | 116 | 106 | 100 | 98 | 115 | 64 | 57 | 72 | 60 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -21 | -5 | -31 | -38 | -64 | 6 | -17 | 0 | 0 |
| Cash from Investing Activity | -30 | -25 | -35 | -2 | -2 | 0 | 0 | -1 | 0 | 0 |
| Cash from Financing Activity | 28 | 86 | 4 | 29 | 40 | 64 | -6 | 17 | 0 | 0 |
| Net Cash Flow | 0 | 40 | -36 | -3 | -1 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -25 | -42 | -39 | -33 | -41 | -64 | 6 | -17 | 0 | 0 |
| CFO/OP | — | 172 | 20 | 101 | 140 | 128 | -5 | 99 | 0 | 0 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | 155 | 115 | 153 | 140 | 1108 | 56 | 32 | 275 | 112 |
| Cash Conversion Cycle | — | 155 | 115 | 153 | 140 | 1108 | 56 | 32 | 275 | 112 |
| Working Capital Days | — | 227 | -266 | -373 | 197 | 753 | -510 | -1100 | -52 | -656 |
| ROCE % | — | -22 | -28 | -47 | -41 | -60 | -73 | -64 | -48 | -134 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.19% | 45.94% | 50.07% | 54.22% | 55.74% | 55.74% | 50.08% | 45.06% | 45.06% | 45.06% |
| FIIs | 7.17% | 6.88% | 5.31% | 4.12% | 5.16% | 1.32% | 0% | 0.01% | 0.42% | 0.01% |
| DIIs | 0% | 0.28% | 0.04% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 34.64% | 46.91% | 44.58% | 41.66% | 39.1% | 42.94% | 49.93% | 54.94% | 54.53% | 54.93% |
| No. of Shareholders | 7615 | 11548 | 12176 | 10575 | 9502 | 19923 | 19724 | 29603 | 25578 | 25776 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.08% | 50.08% | 47.15% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% | 45.06% |
| FIIs | 0% | 0% | 0% | 0% | 0.01% | 0% | 0.09% | 0.01% | 0.42% | 0.53% | 0% | 0.01% |
| Public | 49.93% | 49.92% | 52.86% | 54.93% | 54.94% | 54.94% | 54.86% | 54.94% | 54.53% | 54.42% | 54.95% | 54.93% |
| No. of Shareholders | 19724 | 20508 | 26131 | 25804 | 29603 | 28572 | 26872 | 26144 | 25578 | 26567 | 26299 | 25776 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 196.69 | Sell |
| EMA (10) | 194.61 | Sell |
| SMA (20) | 200.38 | Sell |
| EMA (20) | 198.53 | Sell |
| SMA (50) | 207.28 | Sell |
| EMA (50) | 206.93 | Sell |
| SMA (100) | 221.28 | Sell |
| EMA (100) | 218.63 | Sell |
| SMA (200) | 240.7 | Sell |
| EMA (200) | 236.53 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.59 | Neutral |
| MACD (12,26,9) | -4.71 | Sell |
| Stochastic (14,3,3) | 35.29 | Neutral |
| ADX (14) | 32.18 | Buy |
| Williams %R (14) | -65.29 | Neutral |
| ATR (14) | 11.19 | High Volatility |
| ROC (12) | -8.42 | Sell |
| Stoch RSI (14) | 8.28 | Buy |
| UO (7,14,28) | 55.82 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a3f6c0e-33b0-4bf6-a0a2-9cf28ecb6f33.pdf) |
| 2026-02-13 | [Unaudited Standalone And Consolidated Financial Results For The Quarter 31St December,2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c45f0eb-37f1-4ca5-b362-365bc02346e1.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Outcome Of Borad Meeting - 13.02.2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac96550c-587a-4923-b822-523ffcc3386d.pdf) |
| 2026-02-09 | [Board Meeting Intimation for Standalone And Consolidated Unaudited Financials Results Of The Company For The Third Quarter Ended December 31St, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ab10964d-ef7d-432c-bba8-4361a1a52262.pdf) |
| 2026-01-09 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/15f2d623-d325-41e6-ae63-46851d4ae2a7.pdf) |
| 2017-02-12 | [Standalone Financial Results, Limited Review Report for June 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=289D2019_9140_4B03_90F5_3C17DCF50201_075737.pdf) |
| 2017-02-12 | [Standalone Financial Results, Limited Review Report for September 30, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6DC0000E_B0C7_4CE4_8098_7B8DC88AEE43_075908.pdf) |
| 2017-02-12 | [Standalone Financial Results, Auditors Report for March 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9089AF95_A260_453A_AFFD_E754086EAF1F_080048.pdf) |
| 2017-02-12 | [Standalone Financial Results, Limited Review Report for December 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=F5E6652A_82C5_472E_9824_02796721A0CA_080142.pdf) |
| 2017-02-12 | [Standalone Financial Results, Limited Review Report for June 30, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/289D2019_9140_4B03_90F5_3C17DCF50201_075737.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16317f45-6e3c-4231-bc10-99cef7f41643.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1673c4f2-86eb-4222-b561-1668f8dc7336.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2f7928d8-4f9d-4a8d-bf7f-895f7f0541c9.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/539331/75474539331.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/539331/71242539331.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/539331/66058539331.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/539331/5393310319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/539331/5393310318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/539331/5393310317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/539331/5393310316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2021 | [Concall - Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1bf817dd-6dbf-4b69-8f2a-747d555e987f.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-12-31 | Credit rating update — ICRA |
| 2024-09-11 | Credit rating update — ICRA |
| 2023-06-30 | Credit rating update — ICRA |
| 2022-03-28 | Credit rating update — ICRA |
| 2020-12-17 | Credit rating update — ICRA |
| 2019-11-04 | Credit rating update — ICRA |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:00:04.894Z.