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PVR Inox

PVRINOX NSE
₹1,577.30 No trade today
P/E
34.84
View as Markdown
MCP
Close 4 Nov 2026 ₹1,577.30 +434.40 +38.0% 1Y
Start ₹1,142.90

Key Fundamentals

SmallcapEntertainmentMedia Entertainment & Publication

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
6.79%
Debt to Equity
0.92
EPS (TTM)
₹45.27
Book Value
₹752.75
Market Cap
—
P/E (TTM)
34.84
P/B
2.10
ROE
4.92%
Dividend Yield
0.00%
EBITDA
₹2,279 Cr
52W High
₹1,582.00
52W Low
₹907.40
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

65 Good

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
67
Strong
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
24
Poor
Solvency, leverage, coverage 9% weight
Momentum
95
Strong
Trend strength, vol-adjusted 12% weight
Ownership
71
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 19.8% CAGR over last 5 years

Weaknesses

2
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.01% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4213
OscillatorsBearish423
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
76.13
Bearish
MACD (12,26,9)
66.16
Bullish
SMA (50)
1,315.00
Bullish
SMA (200)
1,091.88
Bullish

As of

Analyst Rating

Based on 18 analysts
BUY94%

17 of 18 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
17
94%
HOLD
1
6%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+13.64%
5Y+88.40%
3Y+21.01%
1Y+16.60%
TTM+13.67%

Net profit

Net profit growth by window
10Y+12.90%
5YTurned to profit
3YTurned to profit
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10Y+19.82%
5YTurned positive
3Y+35.72%
1Y+9.76%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+15.36 pp
5Y+151.52 pp
3Y+3.58 pp
1Y+4.19 pp
TTM+4.16 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,119 Cr
Mar 2018₹2,334 Cr
Mar 2019₹3,086 Cr
Mar 2020₹3,414 Cr
Mar 2021₹280 Cr
Mar 2022₹1,329 Cr
Mar 2023₹3,751 Cr
Mar 2024₹6,107 Cr
Mar 2025₹5,700 Cr
Mar 2026₹6,646 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹96.00 Cr
Mar 2018₹124 Cr
Mar 2019₹189 Cr
Mar 2020₹27.00 Cr
Mar 2021−₹748 Cr
Mar 2022−₹489 Cr
Mar 2023−₹336 Cr
Mar 2024−₹33.00 Cr
Mar 2025−₹281 Cr
Mar 2026₹333 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹452 Cr −43.7% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

PVR Inox Ltd trades at ₹1,577.3 as of 2026-11-04, near its 52-week high of ₹1,582, with a market cap of ₹15,097.26 crore. The company shows strong recent profit growth (TTM profit growth of 321%) but carries a low ROE of 2.39% and a debt-to-equity ratio of 0.92, reflecting a leveraged balance sheet relative to current returns.

Bull Case 8
  • TTM profit growth of 321% signals a sharp earnings recovery, suggesting the business is scaling profitably after a period of consolidation
  • Compounded profit growth of 19.8% CAGR over the last 5 years demonstrates sustained long-term earnings momentum
  • Compounded sales growth of 21% over 3 years and 88% over 5 years reflects strong revenue expansion, partly driven by the merger and organic screen additions
  • TTM sales growth of 14% indicates continued top-line traction even on a larger base
  • Stock is trading at ₹1,577.3, just below the 52-week high of ₹1,582, up from a 52-week low of ₹907.4 — a roughly 74% move from the bottom, reflecting strong market sentiment
  • 1-year stock CAGR of 21% has outperformed broader market indices over the same period
  • Last year ROE improved to 5%, a meaningful turnaround from the 5-year average of -3% and the 3-year average of 0%, suggesting the merged entity is beginning to generate positive shareholder returns
  • 10-year compounded sales and profit growth of 14% each shows the underlying business has delivered consistent double-digit expansion over a full cycle
Bear Case 8
  • ROE stands at just 2.39% as of 2026-11-04, well below the cost of equity for most investors, indicating poor capital efficiency
  • 3-year average ROE of 0% and 5-year average of -3% show the company has struggled to generate meaningful returns on equity over extended periods
  • Debt-to-equity ratio of 0.92 is elevated for a discretionary consumption business, and the company has a low interest coverage ratio, raising concerns about debt servicing capacity
  • PE ratio of 34.84x on a TTM EPS of ₹45.27 is expensive relative to the current ROE of 2.39%, implying the market is pricing in significant future improvement that may not materialise
  • Zero dividend yield suggests shareholders are entirely dependent on capital appreciation, with no income cushion during potential downturns
  • Price-to-book of 2.1x combined with sub-3% ROE means the stock trades at a premium to book value despite generating returns below the cost of capital
  • 10-year stock CAGR of just 2% and 5-year stock CAGR of -3% show that long-term shareholders have seen minimal to negative returns despite underlying business growth
  • 3-year stock CAGR of -6% indicates the stock has destroyed value for medium-term holders even as sales grew 21% over the same period, highlighting a disconnect between revenue growth and shareholder returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: PVR Inox is firing on all cylinders with Q2 FY27 profit up 149% YoY, record industry box-office collections, and margin expansion to 36.6%. The near debt-free balance sheet and capital-light growth model strengthen the structural story. With a strong content pipeline including major Hindi and Hollywood titles ahead, the momentum trend remains firmly positive if box-office strength sustains.

Headwinds 1
  • Stock negative over five years Oct 28

    Despite recent gains, PVR Inox shares have lost over 9% in value over the last five years. ROCE at 7.93% in FY26 remains well below pre-COVID levels of 16–19%.

Positives 7
  • Q2 profit surges 149% YoY Oct 28

    Consolidated net profit jumped 149% YoY to ₹263 crore in Q2 FY27, with revenue rising 16.97% to ₹2,105 crore. EBITDA climbed 25.2% to ₹770 crore and margins expanded to 36.6% from 34.2%.

  • Record industry box office quarter Oct 28

    India's gross box-office collections rose 23% YoY to ₹4,443 crore in Q2 FY27, crossing ₹4,000 crore for the first time. H1 FY27 collections reached ₹7,618 crore, up 22% YoY.

  • Hollywood collections cross ₹1,000 cr Oct 28

    English-language film collections surged 87% YoY to ₹1,024 crore in Q2, crossing ₹1,000 crore in a single quarter for the first time. Spiderman: Brand New Day alone collected ₹608 crore domestically.

Neutral 1
  • Promoter releases pledge on shares Nov 3

    Ajay Kumar Bijli released pledges on 8.22 lakh shares on Nov 2. Post-release, encumbered shares with Infina Finance stand at 21,22,344 (2.21% of capital); total promoter holding remains at 53,51,298 shares (5.57%).

Quarterly Results

₹ Cr
PVRINOX quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,305
2,000
1,546
1,256
1,191
1,622
1,717
1,230
1,450
1,823
1,850
1,547
1,622
2,105
Expenses
952
1,293
1,074
978
939
1,143
1,190
941
1,046
1,212
1,225
1,096
1,094
1,336
Operating Profit
352
707
472
278
252
479
528
289
404
612
625
452
528
769
OPM %
27%
35%
31%
22%
21%
30%
31%
24%
28%
34%
34%
29%
33%
37%
Other Income
25
24
59
49
29
42
42
54
25
36
−9
244
26
34
Interest
194
200
197
200
204
206
203
196
191
188
181
173
164
157
Depreciation
291
309
317
303
314
329
320
316
308
317
317
330
314
296
PBT
−108
222
18
−175
−238
−15
46
−168
−70
142
119
192
76
351
Tax %
−24%
25%
27%
−26%
−25%
−18%
23%
−25%
−22%
26%
20%
3%
25%
25%
Net Profit
−82
166
13
−130
−179
−12
36
−125
−54
106
95
186
56
263
EPS (₹)
−8.33
16.95
1.3
−13.2
−18.21
−1.2
3.66
−12.73
−5.5
10.76
9.75
19.01
5.75
—

Sep 2026: from the results filed on 28 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
PVRINOX profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,477
1,850
2,119
2,334
3,086
3,414
280
1,329
3,751
6,107
5,700
6,646
6,842
Expenses
1,271
1,551
1,799
1,933
2,499
2,338
616
1,224
2,703
4,297
4,142
4,551
4,625
Operating Profit
206
299
320
401
587
1,076
−336
105
1,048
1,810
1,558
2,095
2,217
OPM %
14%
16%
15%
17%
19%
32%
−120%
8%
28%
30%
27%
32%
32%
Other Income
2
45
52
30
32
38
469
326
68
157
154
292
297
Interest
78
84
81
84
128
482
498
498
572
791
809
733
706
Depreciation
117
115
138
154
191
542
575
614
753
1,219
1,277
1,270
1,278
PBT
12
145
153
194
299
90
−939
−681
−209
−44
−374
384
530
Tax %
7%
32%
37%
36%
37%
70%
−20%
−28%
61%
−26%
−25%
13%
—
Net Profit
12
99
96
124
189
27
−748
−489
−336
−33
−281
333
444
EPS (₹)
2.86
19.58
19.08
24.84
37.81
4.95
−123
−80.04
−34.21
−3.26
−28.47
34.02
45.27
Div. Payout %
33%
10%
10%
8%
5%
75%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
PVRINOX balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
42
47
47
47
47
51
61
61
98
98
98
98
Reserves
368
835
918
1,029
1,449
1,429
1,773
1,309
7,232
7,225
6,953
7,280
Borrowings
747
660
820
831
1,282
1,295
5,003
5,196
8,052
8,304
7,775
6,779
Other Liabilities
273
356
440
442
1,062
4,653
665
757
1,091
1,191
1,435
1,454
Total Liabilities
1,429
1,897
2,225
2,348
3,840
7,428
7,502
7,323
16,474
16,818
16,261
15,612
Fixed Assets
860
1,000
1,509
1,590
2,742
5,886
5,475
5,407
14,209
14,478
13,906
13,373
CWIP
80
76
106
102
221
155
217
64
247
246
96
32
Investments
2
2
2
21
11
2
1
0
0
16
1
2
Other Assets
486
820
609
636
866
1,385
1,808
1,851
2,017
2,077
2,258
2,205
Total Assets
1,429
1,897
2,225
2,348
3,840
7,428
7,502
7,323
16,474
16,818
16,261
15,612

Cash Flow

₹ Cr
PVRINOX cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
155
354
320
446
830
787
−413
167
864
1,979
1,968
2,160
Investing
−205
−331
−632
−363
−1,006
−390
−289
−3
−339
−627
−303
−29
Financing
49
217
60
−66
142
−211
1,075
−217
−694
−1,292
−1,535
−2,065
Net Cash Flow
−1
240
−252
18
−34
186
374
−53
−169
60
130
66
Free Cash Flow
−14
120
−313
108
395
403
−529
42
230
1,352
1,646
1,906
CFO/EBITDA
79
125
110
122
156
76
125
149
82
108
123
103

Ratios

PVRINOX financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
19
18
18
24
22
20
40
22
18
14
16
15
Inventory Days
43
60
50
45
46
42
354
—
—
—
—
—
Days Payable
520
502
515
576
562
432
2,879
—
—
—
—
—
Cash Conversion Cycle
−458
−424
−448
−506
−494
−370
−2,485
22
18
14
16
15
Working Capital Days
−51
−41
−62
−68
−82
−92
−1,122
−315
−152
−106
−125
−101
ROCE %
8%
17%
14%
15%
18%
20%
−9%
−3%
3%
5%
3%
7%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view PVR Inox insights

62 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • DIIs 34.16%
  • Promoters 27.60%
  • FIIs 19.65%
  • Public 18.59%

11.10% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about PVR Inox

What does PVR Inox Ltd do?
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 continues to lead the market with relentless focus on innovation and operational excellence to…
Where is PVR Inox Ltd (PVRINOX) listed?
PVR Inox Ltd trades as PVRINOX on the NSE and under code 532689 on the BSE.
Which sector does PVR Inox Ltd belong to?
PVR Inox Ltd is classified under the Media sector, in the Film Production Distribution industry.
What is the PE ratio of PVR Inox Ltd?
PVR Inox Ltd trades at a PE ratio of 34.84 as of 4 Nov 2026, on earnings per share of ₹45.27, against a book value of ₹752.75 per share.
What is the 52-week high and low of PVR Inox Ltd?
Over the last 52 weeks PVR Inox Ltd has traded between ₹907.4 and ₹1,582 as of 4 Nov 2026.
What is the Return on Equity (ROE) of PVR Inox Ltd?
PVR Inox Ltd reported a return on equity of 4.92%. Its debt-to-equity ratio is 0.92.

Company Information

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 continues 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 1763 screens across 111 cities and 355 cinemas with ~1.8 lakh seats.

Website pvrcinemas.com
CEO Mr. Ajay Kumar Bijli B.Com, OPMP
Listed 4 Jan 2006
Face Value ₹10

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