Cineline India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:43 am

Market Cap	440 Cr.
Current Price	128
High / Low	186/96.2
Stock P/E
Book Value	40.8
Dividend Yield	0.00 %
ROCE	7.60 %
ROE	3.15 %
Face Value	5.00
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Hathway Bhawani Cabletel & Datacom Ltd	14.6 Cr.	18.0	23.7/16.2		1.99	0.00 %	2.26 %	2.26 %	10.0
G V Films Ltd	134 Cr.	0.72	1.20/0.60		0.61	0.00 %	2.27 %	2.08 %	1.00
Encash Entertainment Ltd	11.3 Cr.	29.0	29.0/29.0		21.3	0.00 %	3.81 %	3.93 %	10.0
Diksat Transworld Ltd	249 Cr.	142	149/126	144	13.7	0.00 %	3.36 %	4.21 %	10.0
Cyber Media (India) Ltd	40.3 Cr.	25.7	44.0/20.6	16.4	0.65	0.00 %	45.5 %	%	10.0
Industry Average	3,550.71 Cr	155.03		190.19	53.16	0.20%	37.30%	11.77%	5.94

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	3	9	19	15	30	24	42	45	37	75	69	37	36
Expenses	4	8	12	9	22	22	33	39	31	53	51	33	33
Operating Profit	-2	1	7	5	8	2	9	6	6	23	18	4	3
OPM %	-67%	6%	39%	36%	25%	7%	21%	14%	16%	30%	26%	12%	9%
Other Income	2	1	1	1	-2	28	1	1	0	1	2	2	-3
Interest	11	8	8	8	6	8	10	10	7	10	10	7	7
Depreciation	8	4	4	4	3	5	7	7	5	8	8	5	5
Profit before tax	-19	-10	-4	-5	-4	17	-6	-10	-6	6	2	-7	-13
Tax %	-9%	-25%	-17%	58%	-19%	0%	-24%	-27%	-18%	15%	35%	-2%	-17%
Net Profit	-17	-8	-3	-7	-3	17	-5	-7	-5	5	2	-6	-11
EPS in Rs	-6.10	-2.60	-1.07	-2.44	-1.10	5.37	-1.50	-2.22	-1.49	1.59	0.48	-1.90	-3.08

Last Updated: September 12, 2024, 12:06 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 12, 2024, 12:06 pm

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	101	102	159	192	192	286	24	26	29	45	141	190	218
Expenses	75	76	131	162	162	247	8	9	15	34	116	148	169
Operating Profit	26	26	28	31	30	39	16	17	13	11	24	41	48
OPM %	25%	25%	18%	16%	16%	14%	66%	66%	46%	25%	17%	22%	22%
Other Income	1	5	13	1	6	-4	11	17	25	5	27	4	2
Interest	5	3	6	8	11	15	10	18	22	35	34	29	35
Depreciation	5	7	19	17	19	21	4	5	8	19	22	20	26
Profit before tax	17	20	15	6	5	-2	14	10	8	-38	-5	-4	-11
Tax %	32%	32%	27%	-164%	-8%	-260%	27%	21%	37%	-6%	-135%	18%
Net Profit	11	14	11	17	5	4	10	8	5	-35	2	-5	-10
EPS in Rs							3.52	2.72	1.71	-11.78	0.53	-1.32	-2.91
Dividend Payout %	5%	31%	30%	20%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2007-2008	2008-2009	2009-2010	2010-2011	2011-2012	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	27.27%	-21.43%	54.55%	-70.59%	-20.00%	-20.00%	-37.50%	-800.00%	105.71%	-350.00%
Change in YoY Net Profit Growth (%)	0.00%	-48.70%	75.97%	-125.13%	50.59%	0.00%	-17.50%	-762.50%	905.71%	-455.71%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2007-2008 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	59%
3 Years:	105%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-44%

Stock Price CAGR
10 Years:	27%
5 Years:	35%
3 Years:	10%
1 Year:	-6%

Return on Equity
10 Years:	%
5 Years:	-4%
3 Years:	-10%
Last Year:	-3%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:49 pm

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	28	28	28	28	28	28	14	14	14	15	16	17	17
Reserves	110	120	125	138	143	147	100	108	113	94	123	132	123
Borrowings	64	97	82	88	98	125	158	171	322	322	354	350	235
Other Liabilities	43	40	61	45	73	76	16	32	19	18	86	78	191
Total Liabilities	244	285	295	298	342	375	288	325	468	449	580	577	566
Fixed Assets	74	161	194	208	217	243	231	104	391	361	485	479	190
CWIP	51	37	28	20	40	24	0	0	0	3	5	9	19
Investments	65	29	0	0	1	1	0	0	0	0	0	0	0
Other Assets	54	58	73	70	85	108	57	221	77	84	90	89	357
Total Assets	244	285	295	298	342	375	288	325	468	449	580	577	566

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-9	38	35	26	42	-2	21	-2	10	76	42
Cash from Investing Activity +	-29	-29	-27	-48	-34	3	-38	146	11	16	-14
Cash from Financing Activity +	29	-13	-5	24	-10	20	-5	-141	2	-94	-40
Net Cash Flow	-9	-4	2	3	-2	21	-22	3	23	-2	-13

Free Cash Flow

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-38.00	-71.00	-54.00	-57.00	-68.00	-86.00	-142.00	-154.00	-309.00	-311.00	-330.00	-309.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2007	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	20	16	13	18	14	42	26	55	26	14	8
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	8
Working Capital Days	-6	56	36	40	-54	-20	385	70	169	41	-95	-35
ROCE %		11%	8%	8%	6%	8%		10%	8%	-1%	1%	8%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	65.39%	65.39%	65.39%	67.00%	67.00%	67.00%	67.00%	67.00%	67.00%	69.60%	69.60%	69.60%
FIIs	0.01%	0.07%	0.05%	0.00%	0.02%	0.05%	0.02%	0.00%	0.00%	0.00%	1.10%	1.35%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%	0.00%	0.00%
Public	34.60%	34.54%	34.56%	33.00%	32.97%	32.95%	32.98%	33.00%	32.99%	29.94%	29.29%	29.06%
No. of Shareholders	18,723	17,846	17,713	17,210	17,782	17,907	17,631	17,718	16,947	16,049	16,055	15,829

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	-1.40	0.54	-12.19	1.71	2.73
Diluted EPS (Rs.)	-1.40	0.54	-12.19	1.71	2.73
Cash EPS (Rs.)	7.67	7.44	-5.39	4.54	4.66
Book Value[Excl.RevalReserv]/Share (Rs.)	43.62	44.02	36.21	45.28	43.56
Book Value[Incl.RevalReserv]/Share (Rs.)	43.62	44.02	36.21	45.28	43.56
Revenue From Operations / Share (Rs.)	72.32	44.53	14.95	10.20	9.16
PBDIT / Share (Rs.)	19.98	8.78	5.48	13.51	11.93
PBIT / Share (Rs.)	10.99	1.86	-0.91	10.68	9.99
PBT / Share (Rs.)	-1.09	-8.89	-12.54	2.73	3.44
Net Profit / Share (Rs.)	-1.32	0.52	-11.78	1.71	2.73
NP After MI And SOA / Share (Rs.)	-1.32	0.52	-11.78	1.71	2.73
PBDIT Margin (%)	27.62	19.71	36.63	132.40	130.13
PBIT Margin (%)	15.19	4.17	-6.12	104.62	108.99
PBT Margin (%)	-1.51	-19.96	-83.85	26.72	37.50
Net Profit Margin (%)	-1.83	1.17	-78.79	16.75	29.74
NP After MI And SOA Margin (%)	-1.83	1.17	-78.79	16.75	29.74
Return on Networth / Equity (%)	-3.03	1.19	-32.54	3.77	6.25
Return on Capital Employeed (%)	7.54	1.22	-0.65	6.61	9.18
Return On Assets (%)	-0.78	0.28	-7.85	1.00	2.34
Long Term Debt / Equity (X)	1.46	1.60	2.80	2.45	1.38
Total Debt / Equity (X)	1.53	1.74	2.95	2.45	1.38
Asset Turnover Ratio (%)	0.42	0.27	0.03	0.05	0.08
Current Ratio (X)	0.63	0.55	1.55	1.69	1.26
Quick Ratio (X)	0.60	0.53	1.55	1.68	1.26
Interest Coverage Ratio (X)	1.65	0.81	0.47	1.70	1.82
Interest Coverage Ratio (Post Tax) (X)	0.89	0.36	-0.01	1.22	1.42
Enterprise Value (Cr.)	633.90	508.91	594.81	374.22	219.84
EV / Net Operating Revenue (X)	2.56	3.62	13.22	13.10	8.57
EV / EBITDA (X)	9.26	18.36	36.08	9.89	6.58
MarketCap / Net Operating Revenue (X)	1.68	2.08	6.72	3.08	2.02
Price / BV (X)	2.79	2.10	2.78	0.69	0.42
Price / Net Operating Revenue (X)	1.68	2.08	6.72	3.08	2.02
EarningsYield	-0.01	0.01	-0.11	0.05	0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 19.66

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Overvalued by 84.64% compared to the current share price 128.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of as of December 21, 2024 is: 13.92

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Overvalued by 89.13% compared to the current share price 128.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -29.20%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Cash Conversion Cycle of -42.83, which is a positive sign. The company has shown consistent growth in sales (131.15 cr) and profit (2.69 cr) over the years.	The stock has a low average ROCE of 5.58%, which may not be favorable. The stock has a high average Working Capital Days of 48.92, which may not be favorable. The company has higher borrowings (189.69) compared to reserves (121.23), which may suggest financial risk.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: -1.83%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 7.54% (Industry Average ROCE: 37.3%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -3.03% (Industry Average ROE: 11.77%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 0.89
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.6
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 190.19)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.53
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Cineline India Ltd. is a Public Limited Listed company incorporated on 22/05/2002 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L92142MH2002PLC135964 and registration number is 135964. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 12.34 Cr. and Equity Capital is Rs. 15.05 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Entertainment & Media	2nd Floor, A & B wing, Vilco Centre, Subhash Road, Mumbai Maharashtra 400057	investor@cineline.co.in http://www.moviemax.co.in

Management
Name	Position Held
Mr. Rasesh B Kanakia	Chairman
Mr. Himanshu B Kanakia	Managing Director
Mrs. Hiral Kanakia	Director
Mr. Shantilal Vershi Haria	Independent Director
Mr. Naushad Panjwani	Independent Director
Mr. Anand Bathiya	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹19.66, which is 84.64% lower than the current market price of ₹128.00. The stock has a market capitalization of 440 Cr. and recorded a high/low of 186/96.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹123 Cr and total liabilities of ₹566 Cr.

What is the Market Cap of ?

The Market Cap of is 440 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 128.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 186/96.2.

What is the Stock P/E of ?

The Stock P/E of is .

What is the Book Value of ?

The Book Value of is 40.8.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 7.60 %.

What is the ROE of ?

The ROE of is 3.15 %.

What is the Face Value of ?

The Face Value of is 5.00.