Ashish Kacholia is one of the ace Indian investors, and he is known for his strategic investments in small and mid-cap companies, co-founding Lucky Securities, and achieving significant returns in the stock market. Ace investor Ashish Kacholia has bought a 7.78 percent fresh stake in the radio service company. This micro-cap stock engaged in providing in-store radio services on a subscription model basis, including an exclusive radio channel.
Stock Movements
With a market capitalization of Rs. 80.4 crore, the shares of Radiowalla Network Limited were closed at Rs. 114 per equity share, down nearly around 0.87 percent from its previous day’s close price of Rs. 115.
Shareholding Pattern
In September 2024, Radiowalla Network Limited had a majority stake held by the promoters at 41.02 percent, foreign institutional investors at 0.57 percent, domestic institutional investors at 3.77 percent, and the public at 54.64 percent.
According to the NSE data, Ace Investor Ashish Kacholia entered the stock in September 2024 by acquiring approximately 5.48 lakh equity shares equivalent to a 7.78 percent stake in Radiowalla Network Limited. The current holding value of his investment amounts to Rs. 6.3 crore.
Business Model and Services
Radiowalla Network Limited specializes in delivering tailored audio and visual solutions. The company offers in-store and corporate radio services to create engaging environments with AI-driven playlists and internal communications.
The company’s expertise extends to audio advertising, utilizing programmatic strategies for precise targeting, and visual advertising through DOOH and static branding, ensuring impactful audience engagement and enhanced brand visibility across diverse spaces.
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Global Reach and Clientele
Radiowalla Network Limited operates internationally, offering services in the UAE, Mexico, Sri Lanka, and across the Middle East. The company proudly serves renowned clients such as Tanishq, Wow Momo, Jockey, Monte Carlo, McDonald’s, and Max Fashion, delivering innovative audio and visual solutions to enhance brand experiences globally.
Recent financial results and ratios
Radiowalla Network Limited’s revenue has increased from Rs. 7.39 crore in H1 FY24 to Rs. 9.68 crore in H1 FY25, which has grown by 30.99 percent YOY. As compared to the previous half years, the revenue has grown by 21.61% to Rs. 7.96 crore in H2 FY24.
The net profit of Radiowalla Network Limited has dropped by 63.16 percent, from Rs. 0.95 crore in H1 FY24 to Rs. 0.35 crore in H1 FY25.
Radiowalla Network Limited’s revenue and net profit have grown at a CAGR of 22.47 percent and 41.42 percent, respectively, over the last two years.
In terms of return ratios, the company’s ROCE and ROE should be 36.8 percent and 46 percent, respectively. The debt-to-equity ratio of the company is to be 0.06x, which shows the company is almost debt-free. Radiowalla Network Limited’s EPS is to be Rs. 1.66.
IPO Details
Radiowalla Network Limited came for an Initial Public Offering (IPO) valued at Rs. 14.25 crores, scheduled from March 27 to April 2, 2024. The IPO consists of a fresh issue of 18.75 lakh shares, priced between Rs. 72 to 76 per share. The funds raised will be allocated toward technology investments, capital expenditures, and working capital needs.
Company Overview
Radiowalla Network Limited was established in July 2010 by Anil Srivatsa and Harvinderjit Singh Bhatia. The company is a customer engagement solutions provider specializing in audio and digital services. The company delivers customized in-store radio channels and digital signage solutions through a subscription-based model.
The company partners with over 500 retailers and offers corporate radio services for employee engagement and point-of-purchase advertising, effectively combining audio content with digital solutions.
Written By – Nikhil Naik
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