PVR Inox Ltd

PVR Inox Ltd

₹ 1,421 0.08%
24 Apr 11:43 a.m.
About

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 854 screens across 74 cities and 173 cinemas with ~1.8 lakh seats. [1]

Key Points

Revenue Breakup (FY22)
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 30% to its revenues, followed by advertisement income (6%), Convenience fees (6%) & other business (6%) [1]

  • Market Cap 13,949 Cr.
  • Current Price 1,421
  • High / Low 1,880 / 1,248
  • Stock P/E
  • Book Value 760
  • Dividend Yield 0.00 %
  • ROCE 3.28 %
  • ROE -7.66 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 23.2 to 16.2 days.
  • Company's median sales growth is 16.4% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.64% over past five years.
  • Company has a low return on equity of -20.5% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
39 168 47 108 547 512 961 654 839 1,104 1,267 1,935 1,497
114 224 139 177 388 404 618 502 559 844 916 1,233 1,029
Operating Profit -75 -56 -92 -69 159 108 343 152 280 261 351 702 468
OPM % -192% -33% -198% -64% 29% 21% 36% 23% 33% 24% 28% 36% 31%
276 83 34 156 79 41 22 16 20 8 24 24 59
Interest 126 123 123 122 125 124 127 127 127 188 194 199 196
Depreciation 140 142 140 145 152 158 146 150 152 293 288 305 314
Profit before tax -64 -238 -320 -180 -38 -133 92 -108 21 -212 -107 222 17
Tax % 36% -18% 33% 18% 36% 32% 36% 36% 40% -58% 25% 25% 26%
-41 -280 -216 -148 -25 -90 59 -69 13 -336 -80 166 13
EPS in Rs -6.96 -46.14 -35.47 -24.38 -4.02 -14.75 9.64 -11.29 2.11 -34.27 -8.18 16.91 1.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
476 670 1,271 1,384 1,720 2,002 2,246 3,039 3,284 226 1,213 3,559 5,803
404 564 1,068 1,193 1,440 1,701 1,860 2,462 2,219 555 1,107 2,523 4,022
Operating Profit 72 106 203 191 280 301 386 578 1,065 -330 106 1,036 1,782
OPM % 15% 16% 16% 14% 16% 15% 17% 19% 32% -146% 9% 29% 31%
12 7 11 -2 44 49 29 30 43 473 311 66 114
Interest 18 25 77 76 83 80 83 128 480 493 494 569 777
Depreciation 31 43 79 100 99 122 141 182 533 563 594 741 1,199
Profit before tax 34 44 59 14 142 147 190 298 95 -914 -671 -207 -80
Tax % 18% -24% 2% 0% 34% 37% 36% 36% 68% 21% 29% -61%
28 55 58 14 94 93 121 190 30 -724 -478 -333 -237
EPS in Rs 10.04 12.91 13.12 3.05 18.66 18.51 24.19 37.87 5.46 -119.07 -78.42 -33.99 -24.26
Dividend Payout % 55% 7% 18% 30% 10% 10% 8% 5% 68% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 10%
3 Years: 3%
TTM: 96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -167%
Stock Price CAGR
10 Years: 11%
5 Years: -3%
3 Years: 7%
1 Year: -4%
Return on Equity
10 Years: -7%
5 Years: -13%
3 Years: -20%
Last Year: -8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 26 40 41 42 47 47 47 47 51 61 61 98 98
Reserves 247 604 350 357 819 906 1,009 1,429 1,412 1,780 1,327 7,253 7,359
198 368 599 753 660 819 835 1,281 5,027 4,964 5,167 8,026 8,128
96 140 240 213 296 371 401 1,040 842 646 742 1,050 1,379
Total Liabilities 567 1,152 1,230 1,365 1,822 2,143 2,291 3,797 7,332 7,451 7,298 16,427 16,964
242 364 719 772 904 1,421 1,563 2,709 5,770 5,372 5,332 14,140 14,321
CWIP 72 107 101 68 73 105 102 213 155 217 64 247 248
Investments 29 414 43 81 86 75 51 58 62 63 96 149 155
225 267 367 444 759 542 575 818 1,345 1,798 1,804 1,890 2,240
Total Assets 567 1,152 1,230 1,365 1,822 2,143 2,291 3,797 7,332 7,451 7,298 16,427 16,964

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
31 112 209 145 334 332 401 839 819 -410 124 903
-36 -557 -97 -208 -335 -628 -315 -1,011 -418 -299 37 -392
-14 453 -120 58 226 60 -66 143 -210 1,076 -216 -692
Net Cash Flow -19 8 -7 -5 226 -237 20 -30 190 367 -55 -181

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 15 13 13 18 17 16 22 21 19 32 21 16
Inventory Days 76 39 40 58 47 44 45 41 463
Days Payable 516 640 519 517 504 554 553 413 3,772
Cash Conversion Cycle -425 13 -588 -461 -442 -441 -488 -488 -353 -3,277 21 16
Working Capital Days -50 -59 -72 -44 -44 -45 -56 -75 -54 -825 -129 -66
ROCE % 10% 9% 13% 9% 17% 14% 15% 18% 12% -6% -3% 3%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
17.06% 17.04% 17.02% 17.01% 16.99% 16.97% 16.94% 27.46% 27.62% 27.84% 27.84% 27.84%
38.19% 37.83% 31.91% 33.31% 36.56% 36.40% 42.00% 31.20% 26.83% 23.26% 21.83% 16.80%
26.39% 26.00% 28.28% 27.45% 26.19% 27.02% 24.99% 30.20% 33.15% 37.19% 39.22% 40.21%
18.36% 19.13% 22.79% 22.23% 20.26% 19.61% 16.08% 11.14% 12.42% 11.72% 11.10% 15.14%
No. of Shareholders 1,76,3071,68,0641,96,4381,53,8431,39,8281,47,3461,34,9101,98,0172,11,2311,95,7052,02,0242,49,669

* 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.

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