---
title: "Radiowalla Network Ltd (RADIOWALLA) — Share Price, Financials & Analysis"
symbol: "RADIOWALLA"
company: "Radiowalla Network Ltd"
canonical: "https://tapetide.com/stocks/RADIOWALLA"
isin: "INE430U01019"
nse_symbol: "RADIOWALLA"
sector: "Media"
industry: "Media & Entertainment"
market_cap_cr: 18.33
generated_at: "2026-09-13T19:51:29.659Z"
---

# Radiowalla Network Ltd (RADIOWALLA)

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

## Company

- **NSE Symbol:** RADIOWALLA
- **ISIN:** INE430U01019
- **Sector:** Media
- **Industry:** Media & Entertainment
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-05
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** radiowalla.in

## About

Incorporated in July 2010, Radiowalla Network Ltd is a premicr provider of in-store radio and Digital Out-of-Home (DOOH) advertising solutions[1]

## Latest Price

- **Price:** ₹24.7
- **Change:** -1.3 (-5%)
- **Open:** ₹24.7
- **Day High:** ₹24.7
- **Day Low:** ₹24.7
- **Previous Close:** ₹26
- **Volume:** 1600
- **As Of:** 2026-09-11T05:38:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:44:42.262701Z.

- **Market Cap:** ₹18.33 Cr
- **Classification:** SME
- **P/E (reported):** 136.8
- **Book Value:** ₹27.54
- **Price to Book:** 0.94
- **Dividend Yield:** 0%
- **ROE:** 3.67%
- **ROCE:** 8.32%
- **Debt to Equity:** 0.07
- **Revenue (yearly):** ₹20.38 Cr
- **Net Income:** ₹0.17 Cr
- **EBITDA:** ₹0.64 Cr
- **52-Week High:** ₹72
- **52-Week Low:** ₹22.2
- **RSI (14):** 43.37

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Expensive and Under Pressure
- **What it means:** The multiple is demanding and the trend has turned against it, without the financial strength that would justify paying up. What matters is whether the de-rating stops at the multiple or starts showing up in the numbers.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Falling
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 73.18 | 9% |
| growth | 42.08 | 9% |
| momentum | 7.64 | 12% |
| ownership | 62.5 | 24% |
| quality | 51.69 | 22% |
| valuation | 29.82 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.89 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 6.67% over last 3 years.
- Earnings include an other income of Rs.0.63 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 81.58% | 24.32% | 236.59% |
| ebitda margin growth | -71.73% | -77.36% | -56.55% |
| net income growth | -75.71% | -50% | 5% |
| revenue growth | -3.41% | 13% | 28% |
| roce | -65.29% | -71.21% | 27.3% |
| roe | -85.84% | 20.03% | -103.84% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.76 | 7.39 | 7.96 | 9.68 | 10.82 | 10.07 |
| Expenses | 7.48 | 6.15 | 7.16 | 8.94 | 9.9 | 9.33 |
| Operating Profit | 0.28 | 1.24 | 0.8 | 0.74 | 0.92 | 0.74 |
| OPM % | 3.61 | 16.78 | 10.05 | 7.64 | 8.5 | 7.35 |
| Other Income | 0.02 | 0 | 0.04 | 0.21 | 0.35 | 0.33 |
| Interest | 0.07 | 0.09 | 0.08 | 0.12 | 0.03 | 0.08 |
| Depreciation | 0.19 | 0.2 | 0.23 | 0.3 | 0.18 | 0.42 |
| Profit before tax | 0.04 | 0.95 | 0.53 | 0.53 | 1.06 | 0.57 |
| Tax % | 150 | 0 | -13.21 | 33.96 | 67.92 | 31.58 |
| Net Profit | -0.02 | 0.95 | 0.6 | 0.35 | 0.34 | 0.4 |
| EPS in Rs | -0.47 | 22.54 | 1.16 | 0.5 | 0.48 | 0.57 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 9.81 | 5.85 | 10.5 | 14 | 15.35 | 20.49 | 20.38 |
| Expenses | 9.09 | 5.59 | 9.76 | 12.51 | 13.32 | 18.77 | 19.74 |
| Operating Profit | 0.72 | 0.26 | 0.74 | 1.49 | 2.03 | 1.72 | 0.64 |
| OPM % | 7.34 | 4.44 | 7.05 | 10.64 | 13.22 | 8.39 | 3.14 |
| Other Income | 0.02 | 0.05 | 0 | 0.03 | 0.04 | 0.56 | 0.63 |
| Interest | 0.31 | 0.18 | 0.15 | 0.16 | 0.17 | 0.21 | 0.16 |
| Depreciation | 0.32 | 0.12 | 0.14 | 0.28 | 0.44 | 0.48 | 0.89 |
| Profit before tax | 0.11 | 0.01 | 0.45 | 1.08 | 1.46 | 1.59 | 0.22 |
| Tax % | 0 | -900 | -4.44 | 5.56 | -4.79 | 55.97 | 40.91 |
| Net Profit | 0.11 | 0.1 | 0.47 | 1.02 | 1.54 | 0.7 | 0.13 |
| EPS in Rs | 2.61 | 2.37 | 11.15 | 24.21 | 2.98 | 0.99 | 0.18 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.42 | 0.42 | 0.42 | 0.42 | 5.17 | 7.05 | 7.05 |
| Reserves | -0.99 | -0.53 | -0.06 | 2.93 | 0.78 | 11.96 | 12.47 |
| Borrowings | 0.84 | 1.15 | 0.99 | 1.05 | 0.96 | 1.34 | 1.38 |
| Other Liabilities | 4.71 | 4.27 | 3.93 | 3.73 | 2.27 | 3.5 | 4.96 |
| Total Liabilities | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |
| Fixed Assets | 1.46 | 1.74 | 1.68 | 2.46 | 2.85 | 7.01 | 7.37 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3.52 | 3.57 | 3.6 | 5.67 | 6.33 | 16.84 | 18.49 |
| Total Assets | 4.98 | 5.31 | 5.28 | 8.13 | 9.18 | 23.85 | 25.86 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.15 | 0.41 | 0.1 | 1.11 | 0.76 | 1.38 | -0.94 |
| Cash from Investing Activity | -0.03 | 0.01 | -0.08 | -1.03 | -0.79 | -3.45 | -1.96 |
| Cash from Financing Activity | -0.15 | -0.19 | -0.3 | -0.08 | 0.78 | 11.91 | -0.28 |
| Net Cash Flow | -0.03 | 0.22 | -0.28 | 0 | 0.75 | 9.84 | -3.18 |
| Free Cash Flow | 0.1 | 0.37 | 0.02 | 0.05 | -0.07 | -2.69 | -2.35 |
| CFO/OP | 21 | 158 | 14 | 74 | 37 | 80 | -147 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 | — |
| Cash Conversion Cycle | 96.37 | 165.97 | 88.99 | 116.54 | 88.22 | 72.32 | — |
| Working Capital Days | -79.62 | -94.84 | -20.51 | 45.36 | 69.91 | 52.91 | — |
| ROCE % | — | 29.01 | 50.21 | 43.13 | 28.82 | 13.65 | — |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.8% | 55.8% | 41.02% | 41.04% | 41.13% | 41.2% | 41.2% | 41.25% | 41.43% | 41.54% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.57% | 0.57% | 1.2% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2.22% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 42.42% | 42.42% | 48.1% | 49.55% | 49.6% | 49.87% | 50.05% | 50.82% | 48.23% | 47.71% |
| Others | 1.79% | 1.79% | 10.88% | 9.41% | 9.27% | 8.93% | 8.75% | 5.14% | 9.77% | 9.54% |
| No. of Shareholders | 52 | 52 | 413 | 532 | 507 | 527 | 575 | 555 | 550 | 558 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 28.26 | Sell |
| EMA (10) | 27.22 | Sell |
| SMA (20) | 26.92 | Sell |
| EMA (20) | 27.27 | Sell |
| SMA (50) | 26.83 | Sell |
| EMA (50) | 28.01 | Sell |
| SMA (100) | 28.64 | Sell |
| EMA (100) | 32.24 | Sell |
| SMA (200) | 44.3 | Sell |
| EMA (200) | 42.22 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.83 | Neutral |
| MACD (12,26,9) | 0 | Sell |
| Stochastic (14,3,3) | 17.9 | Buy |
| ADX (14) | 19.01 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.93 | High Volatility |
| ROC (12) | -5 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 30.48 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 February 2026 - Virtual analyst/institutional investor meeting on 12 Feb 2026 at 5:00 PM. | [Analysts/Institutional Investor Meet/Con. Call Updates 9 February 2026 - Virtual analyst/institutional investor meeting on 12 Feb 2026 at 5:00 PM.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_09022026165830_UPLOAD_____09022026.pdf) |
| 4 Sep - Radiowalla Network Limited has informed regarding Notice of Annual General Meeting to be held on September 30, 2026 After Dispatching to Shareholder updating it to … | [Shareholders meeting 4 Sep - Radiowalla Network Limited has informed regarding Notice of Annual General Meeting to be held on September 30, 2026 After Dispatching to Shareholder updating it to …](https://nsearchives.nseindia.com/corporate/RADIOWALLA_04092026165239_NOTICEOFAGMFINAL04092026.pdf) |
| 4 Sep - FY2025-26 annual report filed; 16th AGM on 30 September 2026, with remuneration approvals. | [Shareholders meeting 4 Sep - FY2025-26 annual report filed; 16th AGM on 30 September 2026, with remuneration approvals.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_04092026171138_FINAL_STOCK_EXCHANGE_UPLOAD.pdf) |
| 4 Sep - Board approved FY26 report, AGM on Sept. 30, 2026, book closure Sept. 23-29, and remuneration hike proposal. | [Outcome of Board Meeting 4 Sep - Board approved FY26 report, AGM on Sept. 30, 2026, book closure Sept. 23-29, and remuneration hike proposal.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_04092026112602_OUTCOME_OF_BM_signed.pdf) |
| 4 Sep - AGM notice dispatch on September 30, 2026; record date September 23, e-voting September 27-29. | [Record Date 4 Sep - AGM notice dispatch on September 30, 2026; record date September 23, e-voting September 27-29.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_04092026170400_BOOKCLOSUREFINAL.PDF) |
| 4 Sep - 16th AGM notice and FY 2025-26 annual report dispatched; AGM scheduled for 30 September 2026. | [General Updates 4 Sep - 16th AGM notice and FY 2025-26 annual report dispatched; AGM scheduled for 30 September 2026.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_04092026174615_FINALUPDATE_WRT_DISPATCH_sd.pdf) |
| 28 May 2026 - Transcript of H2 FY26 and FY26 earnings conference call held on 25 May 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 28 May 2026 - Transcript of H2 FY26 and FY26 earnings conference call held on 25 May 2026.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_28052026131941_TRANSCRIPT_RADIOWALLA_Signed.pdf) |
| 27 February 2026 - AED 250,000 remitted; Radiowalla Network Inc (BC) subscribed CAD 2,500; effective Feb 27, 2026; director appointed Mr. Anil Srivatsa; international expansion purposes (in-store media). | [General Updates 27 February 2026 - AED 250,000 remitted; Radiowalla Network Inc (BC) subscribed CAD 2,500; effective Feb 27, 2026; director appointed Mr. Anil Srivatsa; international expansion purposes (in-store media).](https://nsearchives.nseindia.com/corporate/RADIOWALLA_27022026090217_REGULATION30_27022026FINAL.pdf) |
| 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results. | [Trading Window 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_26032026142900_COTW_26032026_signed.pdf) |
| 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results announcement. | [Trading Window 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results announcement.](https://nsearchives.nseindia.com/corporate/RADIOWALLA_26032026161302_COTW_26032026_signed.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31393_RADIOWALLA_2025_2026_A_6093280_04092026165639.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27923_RADIOWALLA_2024_2025_A_37001300_29082025205206.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26267_RADIOWALLA_2023_2024_2709202422929.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/RADIOWALLA_22092025164638_INVESTORPRESENTATION_SD.pdf) |
| Sep 2025 | [Concall - Sep 2025](https://nsearchives.nseindia.com/corporate/RADIOWALLA_22092025164405_INVESTORPRESENTATION_SD.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/RADIOWALLA_15112025124702_TRANSCRIPT__2__SD.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/RADIOWALLA_30052025165631_TRANSCRIPT.pdf) |
| May 2024 | [Concall - May 2024](https://nsearchives.nseindia.com/corporate/RADIOWALLA_29052024165606_IM.pdf) |
| Apr 2025 | [Concall - Apr 2025](https://nsearchives.nseindia.com/corporate/RADIOWALLA_28042025163927_INVESTOR_CALL_INTIMATION_F.pdf) |

---

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 2026-09-13T19:51:29.659Z.