Cineline India Ltd

Cineline India Ltd

₹ 130 -0.19%
23 Feb - close price
About

Cineline India Ltd was incorporated in 2002, it was earlier engaged in the business of renting out premises and operating windmills. [1] Company successfully ran it's own chain of Multiplexes under the "Cinemax" brand and sold it to PVR in 2012 and re-entered the movie business in 2022 after the end of the non-compete clause. [2]

Company re-entered the movie exhibition business with the launch of "MovieMax" chain of theatres of April 1st, 2022. Currently the MovieMax Cinemas is a fast-growing chain of cinemas with 26 operating cinemas and 101 operating screens as of Aug, 2022[3]

Key Points

Movie Exhibition Business
The company took back the lease of 9 theatres from PVR on March 31st, 2022 (7 in Mumbai, 1 in Nasik, 1 in Nagpur) and are currently operating them under MovieMax brand.[1]

Current Portfolio of Theatres (26 Cinemas, 101 Screens) include[2] :
Maharashtra (11 Cinemas, 29 Screens),
Delhi NCR (5 Cinemas, 23 Screens),
Uttar Pradesh (3 Cinemas, 13 Screens),
Telangana (2 Cinemas, 11 Screens),
Punjab (2 Cinemas, 9 Screens),
Rajasthan (1 Cinemas, 6 Screens),
Gujarat (1 Cinemas, 5 Screens),
Jharkhand (1 Cinemas, 5 Screens),

  • Market Cap 445 Cr.
  • Current Price 130
  • High / Low 186 / 70.0
  • Stock P/E
  • Book Value 40.7
  • Dividend Yield 0.00 %
  • ROCE 1.32 %
  • ROE 1.50 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Promoter holding has increased by 2.60% over last quarter.

Cons

  • Stock is trading at 3.19 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -7.65% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.80 15.61 2.62 8.84 19.03 14.51 30.06 23.97 41.79 44.75 49.88 75.43 68.85
2.41 9.33 4.37 8.30 11.66 9.30 22.46 22.27 32.81 38.55 40.08 52.61 50.74
Operating Profit 2.39 6.28 -1.75 0.54 7.37 5.21 7.60 1.70 8.98 6.20 9.80 22.82 18.11
OPM % 49.79% 40.23% -66.79% 6.11% 38.73% 35.91% 25.28% 7.09% 21.49% 13.85% 19.65% 30.25% 26.30%
7.80 4.47 1.67 1.24 0.98 1.49 -2.30 28.48 0.92 1.21 1.89 0.90 2.36
Interest 4.85 7.76 11.17 8.06 7.98 7.78 6.16 8.26 9.50 10.02 10.24 10.24 10.29
Depreciation 0.98 4.92 7.50 4.18 4.26 3.56 3.40 4.93 6.67 6.84 7.44 7.59 7.68
Profit before tax 4.36 -1.93 -18.75 -10.46 -3.89 -4.64 -4.26 16.99 -6.27 -9.45 -5.99 5.89 2.50
Tax % 26.83% -19.17% 8.85% 25.33% 16.97% -57.97% 18.78% 0.24% 24.08% 26.77% 21.70% 14.77% 34.80%
3.19 -2.31 -17.08 -7.82 -3.23 -7.33 -3.46 16.95 -4.75 -6.92 -4.70 5.03 1.63
EPS in Rs 1.14 -0.82 -6.10 -2.60 -1.07 -2.44 -1.10 5.37 -1.50 -2.19 -1.49 1.59 0.48
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
101 102 159 192 192 286 24 26 29 45 141 239
75 76 131 162 162 247 8 9 15 34 116 182
Operating Profit 26 26 28 31 30 39 16 17 13 11 24 57
OPM % 25% 25% 18% 16% 16% 14% 66% 66% 46% 25% 17% 24%
1 5 13 1 6 -4 11 17 25 5 27 6
Interest 5 3 6 8 11 15 10 18 22 35 34 41
Depreciation 5 7 19 17 19 21 4 5 8 19 22 30
Profit before tax 17 20 15 6 5 -2 14 10 8 -38 -5 -7
Tax % 32% 32% 27% -164% -8% 260% 27% 21% 37% 6% 135%
11 14 11 17 5 4 10 8 5 -35 2 -5
EPS in Rs 3.52 2.72 1.71 -11.78 0.53 -1.61
Dividend Payout % 5% 31% 30% 20% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 76%
TTM: 117%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -37%
TTM: 73%
Stock Price CAGR
10 Years: 31%
5 Years: 25%
3 Years: 50%
1 Year: 24%
Return on Equity
10 Years: %
5 Years: %
3 Years: -8%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 28 28 28 28 28 28 14 14 14 15 16 16
Reserves 110 120 125 138 143 147 100 108 113 94 123 124
Preference Capital 0 0 0 0 0 0 0 0 0 0 0
63 96 81 88 98 125 158 171 322 322 354 383
43 41 61 45 73 76 16 32 19 18 86 79
Total Liabilities 244 285 295 298 342 375 288 325 468 449 580 601
74 161 194 208 217 243 231 104 391 361 485 472
CWIP 51 37 28 20 40 24 0 0 0 3 5 6
Investments 65 29 0 0 1 1 0 0 0 0 0 0
54 58 73 70 85 108 57 221 77 84 90 123
Total Assets 244 285 295 298 342 375 288 325 468 449 580 601

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-9 38 35 26 42 -2 21 -2 10 76
-29 -29 -27 -48 -34 3 -38 146 11 16
29 -13 -5 24 -10 20 -5 -141 2 -94
Net Cash Flow -9 -4 2 3 -2 21 -22 3 23 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29 20 16 13 18 14 42 26 55 26 14
Inventory Days 17 26 54
Days Payable 1,685 411 443
Cash Conversion Cycle 29 -1,648 16 13 -367 -375 42 26 55 26 14
Working Capital Days -6 56 36 40 -54 -20 385 70 169 41 -95
ROCE % 11% 8% 8% 6% 8% 10% 8% -1% 1%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.29% 70.29% 65.39% 65.39% 65.39% 67.00% 67.00% 67.00% 67.00% 67.00% 67.00% 69.60%
0.00% 0.00% 0.01% 0.07% 0.05% 0.00% 0.02% 0.05% 0.02% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.47%
29.71% 29.71% 34.60% 34.54% 34.56% 33.00% 32.97% 32.95% 32.98% 33.00% 32.99% 29.94%
No. of Shareholders 22,57821,94918,72317,84617,71317,21017,78217,90717,63117,71816,94716,049

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls