PVR Ltd
PVR Limited (PVR) is India’s largest and most premium film exhibition Company. It pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at New Delhi and continue to lead the market with relentless focus on innovation and operational excellence to democratise big‑screen movie experience.
It currently operates a cinema network of 845 screens with over 1.8 Lakh seats, across 176 properties in 71 cities in India and Sri Lanka, delighting over 10 Crore patrons annually #
Revenue Breakup
The company earns about 52% of revenues from the sale of movie tickets. It also earns revenues from other activities like sale of food & beverages contributed 28% to its revenues, followed by advertisement income (11%), Convenience fees (5%) & distribution business (4%) #
- Market Cap ₹ 8,929 Cr.
- Current Price ₹ 1,470
- High / Low ₹ 1,753 / 705
- Stock P/E
- Book Value ₹ 226
- Dividend Yield 0.27 %
- ROCE 20.4 %
- ROE 1.60 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 29.22%
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 17.07%
- Company has a low return on equity of 8.88% for last 3 years.
- Earnings include an other income of Rs.404.19 Cr.
- Promoter holding has decreased over last 3 years: -3.18%
Peer comparison
Sector: Entertainment Industry: Entertainment / Electronic Media Software
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
585 | 696 | 709 | 843 | 838 | 880 | 973 | 916 | 645 | 13 | 40 | 45 | |
491 | 559 | 585 | 679 | 678 | 602 | 655 | 609 | 473 | 129 | 125 | 124 | |
Operating Profit | 94 | 137 | 124 | 164 | 160 | 278 | 318 | 307 | 173 | -116 | -85 | -78 |
OPM % | 16% | 20% | 17% | 19% | 19% | 32% | 33% | 34% | 27% | -914% | -209% | -172% |
Other Income | 8 | 4 | 6 | 14 | 9 | 7 | 6 | 8 | 17 | 43 | 70 | 275 |
Interest | 21 | 21 | 30 | 38 | 40 | 131 | 111 | 122 | 117 | 124 | 123 | 127 |
Depreciation | 39 | 40 | 45 | 51 | 55 | 126 | 140 | 135 | 142 | 145 | 142 | 142 |
Profit before tax | 41 | 80 | 55 | 89 | 74 | 28 | 73 | 58 | -70 | -342 | -279 | -73 |
Tax % | 37% | 35% | 36% | 38% | 36% | 37% | 35% | 38% | -6% | 34% | 34% | 33% |
Net Profit | 26 | 52 | 35 | 52 | 46 | 18 | 48 | 36 | -74 | -226 | -184 | -49 |
EPS in Rs | 5.22 | 10.39 | 7.07 | 10.28 | 9.25 | 3.49 | 9.21 | 6.58 | -13.49 | -40.87 | -31.02 | -8.28 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
352 | 334 | 459 | 518 | 806 | 1,348 | 1,477 | 1,850 | 2,119 | 2,334 | 3,086 | 3,414 | 744 | |
302 | 297 | 371 | 444 | 692 | 1,152 | 1,279 | 1,568 | 1,805 | 1,934 | 2,500 | 2,338 | 850 | |
Operating Profit | 50 | 37 | 89 | 74 | 114 | 196 | 198 | 282 | 315 | 401 | 585 | 1,076 | -106 |
OPM % | 14% | 11% | 19% | 14% | 14% | 15% | 13% | 15% | 15% | 17% | 19% | 32% | -14% |
Other Income | 11 | 9 | 11 | 12 | 10 | 30 | 9 | 63 | 57 | 31 | 33 | 38 | 404 |
Interest | 14 | 18 | 16 | 18 | 37 | 80 | 78 | 84 | 81 | 84 | 128 | 482 | 491 |
Depreciation | 35 | 27 | 67 | 36 | 56 | 94 | 117 | 115 | 138 | 154 | 191 | 542 | 571 |
Profit before tax | 11 | 1 | 16 | 31 | 32 | 52 | 12 | 145 | 153 | 194 | 299 | 90 | -764 |
Tax % | 24% | -16% | 98% | 18% | -39% | 4% | 7% | 32% | 37% | 36% | 37% | 70% | |
Net Profit | 9 | 1 | 8 | 25 | 44 | 56 | 13 | 98 | 96 | 125 | 190 | 27 | -533 |
EPS in Rs | 3.53 | 0.49 | 2.80 | 9.08 | 10.47 | 12.71 | 2.86 | 19.58 | 19.08 | 24.84 | 37.81 | 4.95 | -93.66 |
Dividend Payout % | 26% | 190% | 33% | 61% | 9% | 18% | 33% | 10% | 10% | 8% | 5% | 75% |
Compounded Sales Growth | |
---|---|
10 Years: | 26% |
5 Years: | 18% |
3 Years: | 17% |
TTM: | -79% |
Compounded Profit Growth | |
---|---|
10 Years: | 36% |
5 Years: | 9% |
3 Years: | -38% |
TTM: | -460% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 16% |
3 Years: | 6% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 10% |
3 Years: | 9% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 26 | 27 | 26 | 40 | 41 | 42 | 47 | 47 | 47 | 47 | 51 | 55 | |
Reserves | 246 | 283 | 314 | 253 | 603 | 358 | 368 | 835 | 918 | 1,029 | 1,449 | 1,429 | 1,314 |
Borrowings | 147 | 180 | 162 | 203 | 657 | 613 | 747 | 660 | 820 | 831 | 1,282 | 1,295 | 4,900 |
140 | 136 | 153 | 130 | 287 | 340 | 273 | 356 | 440 | 442 | 1,062 | 4,653 | 1,061 | |
Total Liabilities | 556 | 625 | 656 | 613 | 1,586 | 1,352 | 1,429 | 1,897 | 2,225 | 2,348 | 3,840 | 7,428 | 7,330 |
315 | 299 | 368 | 273 | 996 | 820 | 860 | 1,000 | 1,509 | 1,590 | 2,742 | 5,886 | 5,648 | |
CWIP | 10 | 88 | 58 | 88 | 145 | 107 | 80 | 76 | 106 | 102 | 221 | 155 | 209 |
Investments | 115 | 107 | 1 | 1 | 38 | 24 | 2 | 2 | 2 | 21 | 11 | 2 | 2 |
116 | 132 | 230 | 252 | 407 | 402 | 486 | 820 | 609 | 636 | 866 | 1,385 | 1,472 | |
Total Assets | 556 | 625 | 656 | 613 | 1,586 | 1,352 | 1,429 | 1,897 | 2,225 | 2,348 | 3,840 | 7,428 | 7,330 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
41 | 29 | 65 | 49 | 119 | 230 | 155 | 354 | 320 | 446 | 830 | 787 | |
-151 | -84 | 45 | -103 | -805 | -118 | -205 | -331 | -632 | -363 | -1,006 | -390 | |
100 | 56 | -41 | 0 | 729 | -122 | 49 | 217 | 60 | -66 | 142 | -211 | |
Net Cash Flow | -9 | 2 | 69 | -54 | 43 | -10 | -1 | 240 | -252 | 18 | -34 | 186 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 7% | 4% | 6% | 9% | 8% | 11% | 9% | 17% | 14% | 15% | 18% | 20% |
Debtor Days | 19 | 16 | 24 | 19 | 19 | 14 | 19 | 18 | 18 | 24 | 22 | 20 |
Inventory Turnover | 14.20 | 11.22 | 27.49 | 9.44 | 5.59 | 9.03 | 18.85 | 14.97 | 14.20 | 15.87 | 16.75 | 15.38 |
Documents
Add documentRecent announcements
- PVR Cinemas Upgrades Iconic Deep Cinemas Into A 3-Screen Multiplex 1 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 Feb
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 4 Feb
- Shareholding for the Period Ended February 01, 2021 2 Feb
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2012 from nse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse