KSS gains on plan to open over 180 screens in next 5 years

09 Dec 2014 Evaluate

KSS is currently trading at Rs. 13.06, up by 0.06 points or 0.46 % from its previous closing of Rs. 13.00 on the BSE.

The scrip opened at Rs. 13.07 and has touched a high and low of Rs. 13.09 and Rs. 13.02 respectively. So far 442193 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.50 on 03-Jun-2014 and a 52 week low of Rs. 11.30 on 25-Apr-2014.

Last one week high and low of the scrip stood at Rs. 13.80 and Rs. 13.00 respectively. The current market cap of the company is Rs. 278.95 crore.

The promoters holding in the company stood at NA % while Institutions and Non-Institutions held 50.23 % and 49.77 % respectively.

KSS, a digital and entertainment major, has chalked out a huge expansion plan for its miniplex business in Tier-II and Tier-III cities over next five years with an investment of Rs 90 crore along with its franchisees. According to its plan KSS will roll out over 180 screens covering almost 80 locations in the country in next 5 years.

The company is now expanding its reach in states like Gujarat, Maharashtra, Uttarakhand, Punjab, Chhattisgarh, UP, MP, Rajasthan and Goa. With this expansion plan, KSS is also expecting a quantum jump in its revenue. The profitability of the current portfolio (KSS Share) is around Rs 20 lakh per screen per year. At present, KSS miniplex is having presence in Gujarat, Maharashtra, Punjab and in Uttarakhand.

KSS Miniplex, a division of KSS was set up in 2010 with the objective of setting up miniplexs in a JV with the local partners, proposition includes planning, setup, screening, operations and marketing. The partnership entails a profit share of 50:50 with the owner of the miniplex.

KSS is having around 80 screens under various stages of implementation. 17 screens are already operational, and 13 more screens will be added by end of March 2015 and additional 50 screens by March 2016 and remaining will be added by March 2017. Beyond this list, the company is in the process of signing more MoUs for building up miniplexs.

KSS Share Price

0.19 0.00 (0.00%)
14-Jun-2021 18:01 View Price Chart
Peers
Company Name CMP
PVR 1349.00
Saregama India 562.30
Eros Internatl.Media 19.57
Shemaroo Entertain. 147.70
Balaji Telefilms 69.69
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.