PVR Ltd. PVR Limited is an India-based holding company. The Company is a film entertainment company, which is engaged in the motion picture exhibition in cinemas. The Company has organized its operations into three business segments: Movie exhibition, Movie Production & Distribution, and Others. Its Others segment includes bowling, gaming and restaurant. The Company is also engaged in in-cinema advertisements/product displays and sale of food and beverages at cinema locations. The Company offers technologies, including 4DX Technology, which stimulates the senses with effects, such as seat motion, wind, rain, fog, lights and scents to match the audio and video in both two-dimensional (2D) and three-dimensional (3D); IMAX, which provides a viewing technology with optimized sound and projection system, and Playhouse, which is designed for kids. The Company operates a network of approximately 550 screens spread over 120 properties in approximately 50 cities across the country.
  • TickerPVR
  • ISININE191H01014
  • ExchangeNational Stock Exchange of India
  • SectorTravel & Leisure
  • CountryIndia

Analysts

Pvr Limited: 1 director sold

A director at Pvr Limited sold 1,400 shares at 1,760.609INR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Rohit Dokania

PVR's Q2FY20 results (Neutral) - Strong quarter; Q3 content pipeline healthy

Q2FY20 Results Highlights (ex Ind-AS 116) Overall cons. performance was ahead of estimates (as content in the qtr was very strong); however, yoy comparisons are not truly comparable as SPI was amalgamated only from 18 Aug 2018 onwards. Cons. rev. at ~Rs9.7bn (+37.3% yoy; 5% beat) was led by strong content pipeline. Comparable properties footfalls grew by 6% yoy while overall footfalls/footfalls (ex SPI) grew by strong 25%/18% yoy. Ex. Ind-AS 116 impacts, cons. EBITDA stood at ~Rs1.94bn (+57% yoy; 9% beat) with margin of 20% (up 250bp yoy; IDFCe: 19.2%). PAT (ex Ind-AS 116) stood at ~Rs636m ...

Aliasgar Shakir

MOSL: PVR (Buy)-First half ends well-screen adds making growth story interesting

PVR: First half ends well; screen adds making growth story interesting (PVRL IN, Mkt Cap USD1.3b, CMP INR1839, TP INR2280, 24% Upside, Buy)   A beat on most fronts: revenue grew significantly by 37% YoY to INR9.7b, mainly driven by healthy screen addition (touched the vital mark of 800 screens) and a robust line-up of movie releases. In our view, this performance is remarkable given the prevailing economic slowdown. EBITDA grew 57% YoY to INR1.9b (30% beat), with the margin expanding 250bp YoY. PAT too was up by an impressive 93% YoY (+49% QoQ) to INR0.7b (54% beat). In 1HFY20, net debt r...

For PVR LTD., the environment deterioration entails a downgrade to Neutral

PVR LTD. (IN), a company active in the Recreational Services industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date September 17, 2019, the closing price was INR 1,578.45 and its expected value was estimated at INR 1,558.33.

Rohit Dokania

PVR's Q1FY20 results (Downgrade to Neutral) - Screen addition outlook and QIP key monitorables

Q1FY20 Results Highlights (ex Ind-AS 116) Overall cons. performance was ahead of toned down estimates (as content in the qtr was lacklustre barring Avengers: Endgame vs strong pipeline in the base). Cons. rev. at ~Rs8.8bn (+26.4% yoy; 4% beat) was led by strong performance in SPI even as standalone was tepid. Comparable properties footfalls fell by 8% yoy while standalone footfalls grew by just 1.8% yoy. Ex. Ind-AS 116 impacts, cons. EBITDA stood at ~Rs1.6bn (+15.3% yoy; 10% beat on IDFCe, in line with street) with margin of 18% (down 180bp yoy; IDFCe: 17%). PAT (ex Ind-AS 116) stood at ~Rs...

Rohit Dokania

PVR's Q2FY20 results (Neutral) - Strong quarter; Q3 content pipeline healthy

Q2FY20 Results Highlights (ex Ind-AS 116) Overall cons. performance was ahead of estimates (as content in the qtr was very strong); however, yoy comparisons are not truly comparable as SPI was amalgamated only from 18 Aug 2018 onwards. Cons. rev. at ~Rs9.7bn (+37.3% yoy; 5% beat) was led by strong content pipeline. Comparable properties footfalls grew by 6% yoy while overall footfalls/footfalls (ex SPI) grew by strong 25%/18% yoy. Ex. Ind-AS 116 impacts, cons. EBITDA stood at ~Rs1.94bn (+57% yoy; 9% beat) with margin of 20% (up 250bp yoy; IDFCe: 19.2%). PAT (ex Ind-AS 116) stood at ~Rs636m ...

Aliasgar Shakir

MOSL: PVR (Buy)-First half ends well-screen adds making growth story interesting

PVR: First half ends well; screen adds making growth story interesting (PVRL IN, Mkt Cap USD1.3b, CMP INR1839, TP INR2280, 24% Upside, Buy)   A beat on most fronts: revenue grew significantly by 37% YoY to INR9.7b, mainly driven by healthy screen addition (touched the vital mark of 800 screens) and a robust line-up of movie releases. In our view, this performance is remarkable given the prevailing economic slowdown. EBITDA grew 57% YoY to INR1.9b (30% beat), with the margin expanding 250bp YoY. PAT too was up by an impressive 93% YoY (+49% QoQ) to INR0.7b (54% beat). In 1HFY20, net debt r...

Rohit Dokania

PVR's Q1FY20 results (Downgrade to Neutral) - Screen addition outlook and QIP key monitorables

Q1FY20 Results Highlights (ex Ind-AS 116) Overall cons. performance was ahead of toned down estimates (as content in the qtr was lacklustre barring Avengers: Endgame vs strong pipeline in the base). Cons. rev. at ~Rs8.8bn (+26.4% yoy; 4% beat) was led by strong performance in SPI even as standalone was tepid. Comparable properties footfalls fell by 8% yoy while standalone footfalls grew by just 1.8% yoy. Ex. Ind-AS 116 impacts, cons. EBITDA stood at ~Rs1.6bn (+15.3% yoy; 10% beat on IDFCe, in line with street) with margin of 18% (down 180bp yoy; IDFCe: 17%). PAT (ex Ind-AS 116) stood at ~Rs...

Aliasgar Shakir

MOSL: PVR (Buy)-Steady screen adds to drive healthy growth

PVR: Steady screen adds to drive healthy growth (PVRL IN, Mkt Cap USD1.2b, CMP INR1785, TP INR2050, 15% Upside, Buy)   EBITDA up 16% YoY; PAT down 20% YoY (in-line): On a pre-Ind-AS 116 basis, consol. revenue grew strongly by 26% YoY, driven by healthy screen adds. EBITDA increased 16% YoY to INR1.6b (in-line). PAT declined 20% YoY (in-line), led by a significant increase in depreciation and interest cost, partly due to the SPI acquisition. On an Ind-AS 116 basis, PAT was down by a steep 69% YoY, unlike peers which faced limited impact, as the company has longer 15-year leases with higher...

Rohit Dokania

PVR's Q4FY19 results (Outperformer) - Blockbuster performance to end the year!

Q4FY19 Results Highlights Exhibition segment metrics (ex SPI): ATP fell 4% yoy to Rs201 (GST revised lower); footfalls rose by strong 24.7% yoy to 23.7m led by good content (Uri, Gully Boy, Simmba, Kesari, Captain Marvel, etc.). Occupancy stood at 37.1% (vs 31.5% yoy), while SPH grew 4.6% yoy to Rs91. Comparable metrics: Footfalls +18% yoy, ATP -2% yoy; SPH +5% yoy, Occupancy 36.3% (vs 31.3% yoy). Exhibition segment financials (ex SPI): Rev was up 28% yoy to ~Rs7.2bn led by strong 29% yoy growth in net box office revenue, 26% yoy growth in F&B rev, 10% yoy growth in ad rev. Convenience fee...

Pvr Limited: 1 director sold

A director at Pvr Limited sold 1,400 shares at 1,760.609INR and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

For PVR LTD., the environment deterioration entails a downgrade to Neutral

PVR LTD. (IN), a company active in the Recreational Services industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date September 17, 2019, the closing price was INR 1,578.45 and its expected value was estimated at INR 1,558.33.

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