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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of PVR Inox Ltd

About the Company - PVR Inox Ltd

PVR Ltd. is a Public Limited Listed company incorporated on 26/04/1995 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899MH1995PLC387971 and registration number is 067827. Currently Company is involved in the business activities of Motion picture or video tape projection in cinemas, in the open air or in other projection facilities. Company’s Total Operating Revenue is Rs. 1213.31 Cr. and Equity Capital is Rs. 61.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & Media7th Floor, Lotus Grandeur Building, Veera Desai Road, Mumbai Maharashtra 400053investorrelations@pvrcinemas.com
http://www.pvrcinemas.com
Management
NamePosition Held
Mr. Pavan Kumar JainChairman & Non-Exe.Director
Mr. Ajay BijliManaging Director
Mr. Sanjeev KumarExecutive Director
Ms. Renuka RamnathNon Executive Director
Mr. Siddharth JainNon Executive Director
Mr. Sanjai VohraIndependent Director
Ms. Pallavi Shardul ShroffIndependent Director
Mr. Haigreve KhaitanIndependent Director
Mr. Amit JatiaIndependent Director
Mr. Vishesh Chander ChandiokIndependent Director

PVR INOX Ltd. Share Price Update

Share PriceValue
Today₹1,409.75
Previous Day₹1,430.00

Basic Stock Data of PVR Inox Ltd

Market Cap 13,582 Cr.
Current Price 1,384
High / Low1,880/1,336
Stock P/E
Book Value 758
Dividend Yield0.00 %
ROCE3.28 %
ROE7.76 %
Face Value 10.0

Data Source: screener.in

Competitors of PVR Inox Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shemaroo Entertainment Ltd 464 Cr. 171240/101 2190.00 %5.25 %1.61 % 10.0
SAB Events & Governance Now Media Ltd 8.49 Cr. 8.108.82/2.63 0.770.00 %12.9 %300 % 10.0
Tips Industries Ltd 6,219 Cr. 484493/14351.9 14.31.24 %88.6 %64.0 % 1.00
Network 18 Media & Investments Ltd 12,218 Cr. 117136/45.0 1250.00 %2.20 %2.21 % 5.00
Prime Focus Ltd 3,672 Cr. 123148/68.1 16.50.00 %15.5 %252 % 1.00
Industry Average98.7 Cr180.6210.3875.110.25%24.89%123.96%5.4

PVR Inox Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales45181591206145369816869401,1431,3052,0001,546
Expenses1242381501884494366405326528799521,2931,074
Operating Profit-78-57-91-68165100342154288264352707472
OPM %-172%-31%-153%-57%27%19%35%22%31%23%27%35%31%
Other Income2758233155964321162011252459
Interest127124124124126125128128127189194200197
Depreciation142146143149154169149153155296291309317
Profit before tax-73-245-325-185-19-15285-11026-210-10822218
Tax %33%-18%32%17%47%30%37%35%39%-59%24%25%27%
Net Profit-49-289-220-153-10-10553-7216-334-8216613
EPS in Rs-8.28-47.58-36.11-25.17-1.67-17.298.74-11.652.63-34.03-8.3316.951.30

PVR Inox Ltd Quarterly Chart

PVR Inox Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5188061,3481,4771,8502,1192,3343,0863,4142801,3293,7515,388
Expenses4416881,1331,2711,5511,7991,9332,4992,3386161,2242,7033,776
Operating Profit761192152062993204015871,076-3361051,0481,612
OPM %15%15%16%14%16%15%17%19%32%-120%8%28%30%
Other Income10611245523032384693266880
Interest18378078848184128482498498572711
Depreciation3656941171151381541915425756147531,051
Profit before tax3132521214515319429990-939-681-209-70
Tax %18%-39%4%7%32%37%36%37%70%20%28%-61%
Net Profit25445012999612418927-748-489-336-234
EPS in Rs9.0810.4712.712.8619.5819.0824.8437.814.95-123.07-80.04-34.20-22.77
Dividend Payout %61%9%18%33%10%10%8%5%75%0%0%0%

PVR Inox Ltd Profit & Loss Yearly Chart

PVR Inox Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:10%
3 Years:3%
TTM:91%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-115%
Stock Price CAGR
10 Years:10%
5 Years:-1%
3 Years:-3%
1 Year:-17%
Return on Equity
10 Years:-7%
5 Years:-13%
3 Years:-21%
Last Year:-8%

PVR Inox Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26404142474747475161619898
Reserves2576033583688359181,0291,4491,4291,7731,3097,2327,337
Borrowings2036576137476608208311,2825,0665,0035,1968,0528,155
Other Liabilities1262873402733564404421,0628816657571,0911,421
Total Liabilities6131,5861,3521,4291,8972,2252,3483,8407,4287,5027,32316,47317,011
Fixed Assets2739968208601,0001,5091,5902,7425,8865,4755,40714,20914,387
CWIP88145107807610610222115521764247248
Investments13824222211121000
Other Assets2524074024868206096368661,3851,8081,8512,0172,376
Total Assets6131,5861,3521,4291,8972,2252,3483,8407,4287,5027,32316,47317,011

PVR Inox Ltd Reserves and Borrowings Chart

PVR Inox Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 49119230155354320446830787-413167864
Cash from Investing Activity -103-805-118-205-331-632-363-1,006-390-289-3-339
Cash from Financing Activity 0729-1224921760-66142-2111,075-217-694
Net Cash Flow-5443-10-1240-25218-34186374-53-169

PVR Inox Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days191914191818242220402218
Inventory Days84436050454642354
Days Payable5305205025155765624322,879
Cash Conversion Cycle-4261914-458-424-448-506-494-370-2,4852218
Working Capital Days-49-69-72-43-41-40-53-72-50-649-109-55
ROCE %9%7%10%8%17%14%15%18%12%-7%-3%3%

PVR Inox Ltd Financial Efficiency Indicators Chart

PVR Inox Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters18.79%17.06%17.06%17.04%17.02%17.01%16.99%16.97%16.94%27.46%27.62%27.84%
FIIs38.50%42.60%38.19%37.83%31.91%33.31%36.56%36.40%42.00%31.20%26.83%23.26%
DIIs26.61%24.50%26.39%26.00%28.28%27.45%26.19%27.02%24.99%30.20%33.15%37.19%
Public16.10%15.84%18.36%19.13%22.79%22.23%20.26%19.61%16.08%11.14%12.42%11.72%
No. of Shareholders1,56,5351,64,8941,76,3071,68,0641,96,4381,53,8431,39,8281,47,3461,34,9101,98,0172,11,2311,95,705

PVR Inox Ltd Shareholding Pattern Chart

No. of PVR Inox Ltd Shareholders

PVR Inox Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan28614161.93491.48
Nippon India Multi Cap Fund27017252.04464.05
SBI Multicap Fund24700003.07424.25
SBI Small Cap Fund23700001.78407.07
ICICI Prudential ELSS Tax Saver Fund16062572.32275.89
Nippon India ELSS Tax Saver Fund10000001.31171.76
Nippon India Large Cap Fund9556500.91164.14
SBI Flexi Cap Fund9550010.88164.03
Nippon India Focused Equity Fund8675992.02149.02
Nippon India Small Cap Fund8342140.35143.28

PVR Inox Ltd ROCE Trend

PVR Inox Ltd EPS Trend

PVR Inox Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-51.59-80.23-135.645.5039.29
Diluted EPS (Rs.)-51.59-80.23-135.645.4739.04
Cash EPS (Rs.)42.5620.64-28.44110.9781.69
Book Value[Excl.RevalReserv]/Share (Rs.)748.10224.61301.74288.32320.09
Book Value[Incl.RevalReserv]/Share (Rs.)748.10224.61301.74288.32320.09
Revenue From Operations / Share (Rs.)382.84218.2046.08664.93660.15
PBDIT / Share (Rs.)115.0170.8022.12217.02132.54
PBIT / Share (Rs.)38.12-29.92-72.48111.3891.61
PBT / Share (Rs.)-21.33-111.59-154.4217.5564.22
Net Profit / Share (Rs.)-34.34-80.08-123.045.3340.76
NP After MI And SOA / Share (Rs.)-34.20-80.04-123.075.3239.21
PBDIT Margin (%)30.0432.4448.0032.6320.07
PBIT Margin (%)9.95-13.71-157.2816.7513.87
PBT Margin (%)-5.57-51.14-335.072.639.72
Net Profit Margin (%)-8.96-36.70-266.990.806.17
NP After MI And SOA Margin (%)-8.93-36.68-267.050.795.93
Return on Networth / Equity (%)-4.57-35.62-40.781.8414.78
Return on Capital Employeed (%)2.58-3.09-6.919.3114.99
Return On Assets (%)-2.03-6.66-9.960.364.68
Long Term Debt / Equity (X)0.170.750.530.610.82
Total Debt / Equity (X)0.241.100.600.740.89
Asset Turnover Ratio (%)0.290.160.030.580.97
Current Ratio (X)0.410.600.880.580.37
Quick Ratio (X)0.380.570.860.560.34
Dividend Payout Ratio (NP) (%)0.000.000.00132.016.14
Dividend Payout Ratio (CP) (%)0.000.000.006.323.00
Earning Retention Ratio (%)0.000.000.00-32.0193.86
Cash Earning Retention Ratio (%)0.000.000.0093.6897.00
Interest Coverage Ratio (X)1.970.860.262.314.84
Interest Coverage Ratio (Post Tax) (X)0.430.01-0.501.062.49
Enterprise Value (Cr.)16463.3812644.897806.576857.589011.15
EV / Net Operating Revenue (X)4.399.5027.882.012.92
EV / EBITDA (X)14.6129.2858.086.1514.55
MarketCap / Net Operating Revenue (X)4.018.8026.561.782.49
Retention Ratios (%)0.000.000.00-32.0193.85
Price / BV (X)2.058.554.064.116.20
Price / Net Operating Revenue (X)4.018.8026.561.782.49
EarningsYield-0.02-0.04-0.100.000.02

PVR Inox Ltd Profitability Ratios (%)

PVR Inox Ltd Liquidity Ratios

PVR Inox Ltd Liquidity Ratios (%)

PVR Inox Ltd Interest Coverage Ratios (X)

PVR Inox Ltd Valuation Ratios

Fair Value / Intrinsic Value of PVR Inox Ltd

Fair Value: ₹899.96

The stock is overvalued by 34.97% compared to the current price ₹1384

*Investments are subject to market risks

Strength and Weakness of PVR Inox Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of -108.50, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -254.58, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of 27.74 and average Dividend Yield of -26.08%.
  2. The stock has a low average ROCE of 8.58%, which may not be favorable.
  3. The company has higher borrowings (2,868.08) compared to reserves (1,915.15), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (125.08) and profit (-68.54).

Should I Buy PVR Inox Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in PVR Inox Ltd:
    1. Net Profit Margin: -8.96%
      • 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: 2.58% (Industry Average ROCE: 33.66%)
      • 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. Interest Coverage Ratio (Post Tax): 0.43
      • 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.
    4. Quick Ratio: 0.38
      • 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.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 100.2)
      • 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.
    6. ✓ Total Debt / Equity: 0.24
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in PVR Inox Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE