PVR Inox Ltd logo

PVR Inox Ltd

PVRINOX NSE

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. [1]

AI Verdict: HOLD Confidence: 5%

PVR Inox enjoys overwhelming analyst consensus (93% Buy) and strong TTM sales growth of 15%, but negative 3-year ROE of -1%, low promoter holding at 27.5%, and a stock CAGR of -12% over 3 years warrant caution. The turnaround to 3% ROE last year is encouraging but needs sustained proof before upgrading.

Key Fundamentals

MicrocapFilm Production DistributionMedia
Market Cap
₹9,770 Cr
Volatility
Moderate
P/E Ratio
28.99
EBITDA
₹2,047 Cr
Return on Equity
-4.59%
Debt to Equity
1.12
Book Value
₹751.4
EPS
₹0
52W High
₹1,249.7
52W Low
₹907.4

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 18.3% CAGR over last 5 years

Weaknesses

3
  • Company has low interest coverage ratio.
  • Promoter holding is low: 27.5%
  • Company has a low return on equity of -0.53% over last 3 years.

Growth Rate

Revenue Growth
11.63% ↗
Net Income Growth
-236.95% ↘
Cash Flow Change
-0.62% ↘
ROE
784.44% ↗
ROCE
-38.88% ↘
EBITDA Margin (Avg.)
1.67% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 26d ago
HOLD
Risk high

PVR Inox enjoys overwhelming analyst consensus (93% Buy) and strong TTM sales growth of 15%, but negative 3-year ROE of -1%, low promoter holding at 27.5%, and a stock CAGR of -12% over 3 years warrant caution. The turnaround to 3% ROE last year is encouraging but needs sustained proof before upgrading.

Bull Case 8
  • Strong analyst consensus with 93.33% Buy ratings (14 out of 15 analysts recommend Buy)
  • TTM compounded profit growth of 179% signals a sharp earnings recovery
  • Compounded sales growth of 21% CAGR over 3 years reflects robust revenue expansion post-pandemic
  • 5-year compounded profit CAGR of 18.3% demonstrates long-term earnings power
  • ROE turned positive at 3% last year after years of negative returns, indicating operational turnaround
  • P/B ratio of 1.27x is reasonable for a market leader in the multiplex space with Rs 9,484 Cr market cap
  • TTM sales growth of 15% shows continued momentum in box office collections
  • 10-year compounded sales CAGR of 14% reflects structural growth in organized cinema penetration
Bear Case 8
  • 3-year stock CAGR of -12% shows significant value destruction for medium-term investors
  • 3-year average ROE of -1% and 5-year average ROE of -3% indicate poor capital efficiency
  • Low promoter holding at 27.5% raises governance and alignment concerns
  • Low interest coverage ratio signals elevated debt servicing risk on the balance sheet
  • Zero dividend yield offers no income cushion during periods of stock price weakness
  • P/E of 28.3x is demanding given negative historical ROE and inconsistent profitability
  • 5-year stock CAGR of -6% underperforms broader market indices significantly
  • 10-year ROE average of -4% suggests structural profitability challenges in the business model

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

AI News Digest

Anthropic anthropic claude-opus-4.6 25d ago
Positives 1
  • Aggressive debt reduction target May 12

    PVR INOX plans to cut gross debt from INR 760 Cr to ~INR 500 Cr and targets zero net debt, following a FY26 turnaround with net profit of Rs. 2,685 mn.

Neutral 1
  • CEO Growth & Investment resigns May 25

    Mr. Pramod Arora, CEO-Growth & Investment, resigned effective May 24, 2026. Leadership transition may create near-term uncertainty in growth strategy execution.

TL;DR: PVR INOX is on a clear deleveraging path after returning to profitability in FY26, with a credible roadmap to zero net debt. The resignation of the growth-focused CEO introduces some execution uncertainty. Overall trend is improving, driven by balance sheet repair and earnings recovery.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,143
1,305
2,000
1,546
1,256
1,191
1,622
1,717
1,230
1,469
1,823
1,850
1,547
Expenses
879
952
1,293
1,074
978
939
1,143
1,190
941
1,072
1,212
1,225
1,096
Operating Profit
264
352
707
472
278
252
479
528
289
397
612
625
452
OPM %
23%
27%
35%
31%
22%
21%
30%
31%
24%
27%
34%
34%
29%
Other Income
11
25
24
59
49
29
42
42
54
32
36
-9
244
Interest
189
194
200
197
200
204
206
203
196
191
188
180
173
Depreciation
296
291
309
317
303
314
329
320
316
308
317
316
330
PBT
-210
-108
222
18
-175
-238
-15
46
-168
-70
142
119
192
Tax %
59%
-24%
25%
27%
-26%
-25%
-18%
23%
-25%
-22%
26%
20%
3%
Net Profit
-334
-82
166
13
-130
-179
-12
36
-125
-54
106
95
186
EPS in Rs
-34.03
-8.33
16.95
1.3
-13.2
-18.21
-1.2
3.66
-12.73
-5.5
10.76
9.75
19.01
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,477
1,850
2,119
2,334
3,086
3,414
280
1,329
3,751
6,107
5,780
6,646
Expenses
1,271
1,551
1,799
1,933
2,499
2,338
616
1,224
2,703
4,297
4,238
4,551
Operating Profit
206
299
320
401
587
1,076
-336
105
1,048
1,810
1,542
2,095
OPM %
14%
16%
15%
17%
19%
32%
-120%
8%
28%
30%
27%
32%
Other Income
2
45
52
30
32
38
469
326
68
157
173
292
Interest
78
84
81
84
128
482
498
498
572
791
810
733
Depreciation
117
115
138
154
191
542
575
614
753
1,219
1,280
1,270
PBT
12
145
153
194
299
90
-939
-681
-209
-44
-374
384
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
EPS in Rs
2.86
19.58
19.08
24.84
37.81
4.95
-123
-80.04
-34.21
-3.26
-28.47
34.02
Div. Payout %
33%
10%
10%
8%
5%
75%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  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
Figures in ₹ Crores

Cash Flow

  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
1,967
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
1,642
1,906
CFO/OP
79
125
110
122
156
76
125
149
82
108
125
103
Figures in ₹ Crores

Ratios

  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
15
15
Inventory Days
43
60
50
45
46
42
354
—
—
—
—
57
Days Payable
520
502
515
576
562
432
2,879
—
—
—
—
462
Cash Conversion Cycle
-458
-424
-448
-506
-494
-370
-2,485
22
18
14
15
-391
Working Capital Days
-51
-41
-62
-68
-82
-92
-1,122
-315
-152
-106
-123
-101
ROCE %
8%
17%
14%
15%
18%
20%
-9%
-3%
3%
5%
3%
7%

Shareholding Pattern

As of Mar 2026
DIIs 36.44%
Promoters 27.53%
FIIs 17.86%
Public 15.23%
Others 2.94%
Total 100.00%
  Feb 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Feb 2023Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
17.07%
17.06%
17.06%
17.04%
17.02%
17.01%
16.99%
16.97%
16.94%
27.46%
27.46%
27.61%
27.84%
27.84%
27.84%
27.84%
27.49%
27.49%
27.53%
27.53%
27.53%
27.53%
27.53%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.07%
0.07%
0.03%
0.00%
0.00%
23.26%
0.00%
16.80%
18.08%
20.69%
19.21%
20.39%
19.71%
21.80%
21.16%
17.86%
DIIs
17.12%
16.30%
18.19%
17.81%
20.11%
19.28%
18.04%
25.99%
25.00%
26.43%
30.20%
32.17%
37.20%
38.66%
40.21%
38.78%
39.85%
40.03%
36.30%
36.52%
35.35%
34.52%
36.44%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.69%
9.59%
11.09%
10.17%
12.91%
9.79%
8.85%
9.29%
7.87%
7.41%
7.89%
9.10%
8.44%
9.09%
12.90%
13.28%
10.06%
11.21%
13.67%
14.21%
13.31%
14.36%
15.23%
Others
58.12%
57.05%
53.65%
54.98%
49.96%
53.93%
56.13%
47.67%
50.13%
38.66%
34.45%
31.11%
3.27%
24.41%
2.25%
2.02%
1.92%
2.06%
2.11%
2.04%
2.01%
2.42%
2.94%
No. of Shareholders
1,42,027
1,64,894
1,76,307
1,68,064
1,96,438
1,53,843
1,39,828
1,47,346
1,34,910
1,96,152
1,98,017
2,11,231
1,95,705
2,02,024
2,49,669
2,63,443
2,34,795
2,48,692
2,67,019
2,64,071
2,49,222
2,41,371
2,38,892

Documents

Frequently Asked Questions about PVR Inox Ltd

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 democrat...
Where is PVR Inox Ltd (PVRINOX) listed?
PVR Inox Ltd is listed on the Indian stock exchanges. It is listed on NSE: PVRINOX and BSE: 532689. You can view its live share price, financials, and ratios on Tapetide.
Which sector does PVR Inox Ltd belong to?
PVR Inox Ltd operates in the Consumer Discretionary sector within the Entertainment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of PVR Inox Ltd?
PVR Inox Ltd has a market capitalisation of approximately ₹9769.91 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of PVR Inox Ltd?
The Price-to-Earnings (PE) ratio of PVR Inox Ltd is 28.99. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of PVR Inox Ltd?
Over the past 52 weeks, PVR Inox Ltd has traded between a low of ₹907.4 and a high of ₹1,249.7. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of PVR Inox Ltd?
PVR Inox Ltd has a Return on Equity (ROE) of -4.59%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research PVR Inox Ltd on Tapetide?
On Tapetide, you can view PVR Inox Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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. [1]

Website pvrcinemas.com
CEO Mr. Ajay Kumar Bijli B.Com, OPMP
Listed 2006-01-04
Face Value ₹ 10
Issued Size 9,81,99,962

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