Communication Services / Radio Broadcasting
₹00.1489
NEXTMEDIA
Next Mediaworks Limited, incorporated in 1981, is a significant player in India's private FM radio broadcasting sector. It is a subsidiary of HT Media Limited. Formerly known as Mid-Day Multimedia Limited, the company rebranded to Next Mediaworks Limited in April 2011. Through its subsidiary, Next Radio Ltd., the company operates the "Radio One" channel. Next Mediaworks Limited engages in radio broadcasting business across India, operating FM stations under the Radio One brand in key metropolitan cities. It also serves international radio network customers under the Radio One International brand name.
Next Radio Limited was one of the pioneering private entities in FM broadcasting. It has established "Radio One" as a premium FM brand in major cities including Delhi, Mumbai, Chennai, Kolkata, Bangalore, Pune, and Ahmedabad. The company typically operates on the 94.3 MHz frequency, with an exception in Ahmedabad where it uses 95 MHz.
Beyond its core radio broadcasting activities, Next Mediaworks is involved in publishing and broadcasting, and also provides management consultancy services. Its multimedia activities encompass broadcasting, marketing of television programs, films, and software, advertising agency services, providing online and interactive information, music, and news, and engaging in internet commerce and related activities.
As of July 2025, Next Mediaworks Ltd (NEXTMEDIA) holds a market capitalization of ₹46.42 crore, classifying it as a small-cap company in the Indian stock market. The company has demonstrated a significant turnaround in its profitability.
For the financial year ended March 2025 (FY25), Next Mediaworks reported a net profit of ₹63.60 crore, a substantial improvement from a net loss of ₹22.18 crore in the previous year (FY24). This remarkable profitability was largely driven by exceptional gains, specifically an INR 7,879 lacs gain from the loss of subsidiary control, as reported in its audited FY25 results. However, revenue performance remained challenging, with sales declining by 20.95% to ₹30.33 crore in FY25, compared to ₹38.37 crore in FY24.
The fourth quarter of FY25 (Q4 FY25) also highlighted the impact of these exceptional items. The company reported a net profit of ₹76.36 crore for the quarter ended March 2025, contrasting with a net loss of ₹8.10 crore in the corresponding quarter of the previous year (Q4 FY24). Sales for Q4 FY25 declined by 72.96% to ₹2.91 crore, down from ₹10.76 crore in Q4 FY24.
- Market Capitalisation: ₹46.42 crore (as of July 2025)
- Promoter Holding: 75.0% (as of Mar 2025)
- FY25 Performance: Net Profit ₹63.60 crore, Sales ₹30.33 crore
- FY24 Performance: Net Loss ₹22.18 crore, Sales ₹38.37 crore
- Q4 FY25 Performance: Net Profit ₹76.36 crore, Sales ₹2.91 crore
- Q4 FY24 Performance: Net Loss ₹8.10 crore, Sales ₹10.76 crore
- Exceptional Gain (FY25): INR 7,879 lacs from loss of subsidiary control
The stock's valuation metrics indicate its current financial standing and market sentiment. The current Price-to-Earnings (PE) ratio is 0.73. The Price-to-Book (PB) ratio stands at -1.86 as of July 23, 2025, representing a significant discount compared to its industry peers.
Promoter Holding remains strong at 75.0% as of March 2025, showing a stable commitment from the management. Promoter holding has been consistent, moving from 74.99% in June 2024 to 74.99% in March 2025, underscoring consistent management commitment to the company's strategic direction.
The company has faced operational headwinds over recent years, reflected in a sales growth of -10.2% over the past five years. This performance is indicative of the challenging environment in the traditional radio broadcasting industry, which is subject to disruption from digital media and evolving consumer preferences.
Next Mediaworks has a low interest coverage ratio but has successfully reduced its debt, suggesting an improvement in financial management and leverage.
Next Mediaworks Ltd (NEXTMEDIA) operates within the Communication Services sector, specifically the Radio sub-sector. Its industry peers include companies like Sun TV Network Ltd, Zee Entertainment Enterprises Ltd, Saregama India Ltd, PVR Inox Ltd, Prime Focus Ltd, Imagicaaworld Entertainment Ltd, and Sri Adhikari Brothers Television Network Ltd.
The stock has shown resilience despite operational challenges. Its 52-week high share price was ₹12.88, and the 52-week low was ₹5.80. Over the last three years, Next Mediaworks Ltd has delivered a return of 7.61%. The stock's performance is supported by exceptional gains and improved financial management.
The company continues to concentrate on its core FM radio broadcasting business while exploring avenues in the dynamic media landscape. With its established "Radio One" brand and presence in key Indian cities, Next Mediaworks is positioned to benefit from any recovery in the radio advertising market and potential growth in digital audio platforms.
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Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer