PVR Ltd Stock Analysis

BSE: 532689 | NSE: PVR | Film Production, Distribution & Entertainment | Mid Cap

BSE Share Price Aug 12, 18:03
2015.35 -44.85 (-2.18%)

DeciZen - Make an Informed Decision on PVR

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

PVR Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
12,309 Cr.
52-wk low :
1,224.7
52-wk high :
2,211.6
Bole Toh?

1. Is PVR Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PVR Ltd is a average quality company.

2. Is PVR Ltd undervalued or overvalued?

The key valuation ratios of PVR Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is PVR Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of PVR Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of PVR:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PVR Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.6%10.6%6.6%12.3%9.5%9.9%12.1%13.2%-12.7%-4.4%-
Value Creation Index -0.3-0.3-0.5-0.1-0.3-0.3-0.1-0.0-1.9NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6701,2711,3841,7202,0022,2463,0393,2842261,2132,128
YoY Gr. Rt. %-89.7%8.9%24.3%16.4%12.2%35.3%8.1%-93.1%437.5%-
Adj EPS 12.912.44.222.321.125.640.25.5-119-78.5-33.4
YoY Gr. Rt. %--3.5%-66.4%434.1%-5.1%21.3%56.7%-86.4%-2275.3%NA-
BVPS (₹) 159.392.893.8169.3200.2221.3308.8278.8301.5225.7235.1
Adj Net Profit 51.95217.610610112219128.6-723-479-204
Cash Flow from Ops. 112209145334332401839819-410124-
Debt/CF from Ops. 3.32.95.222.52.11.51.6-3.312.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.8%-9.5%-26.4%437.5%
Adj EPS -222.3%-230%-225%NA
BVPS 42.4-9.9-25.2
Share Price 26.9% 9.8% 12.7% 42.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 11.310.14.516.811.112.215.12-43.8-29.7-14.5
Op. Profit Mgn % 1515.513.415.814.617.11932.4-148.48.625.5
Net Profit Mgn % 7.84.11.36.255.46.30.9-320.3-39.5-9.6
Debt to Equity 0.61.51.90.80.90.80.90.90.71.1-
Working Cap Days 1098110388808380901,2162000
Cash Conv. Cycle -26-33-39-31-29-30-34-25112-340

Recent Performance Summary

Sales growth is good in last 4 quarters at 1151.40%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.09

Latest Financials - PVR Ltd.

Standalone Consolidated
TTM EPS (₹) -33.4 -35.3
TTM Sales (₹ Cr.) 2,128 2,253
BVPS (₹.) 235.1 231.2
Reserves (₹ Cr.) 1,375 1,351
P/BV 8.57 8.72
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1224.70 / 2211.55
All Time Low / High (₹) 56.46 / 2211.55
Market Cap (₹ Cr.) 12,309
Equity (₹ Cr.) 61.1
Face Value (₹) 10
Industry PE 25.3

Management X-Ray of PVR :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.006.316.31
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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Key Ratios of PVR

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About PVR Ltd

PVR Ltd is the market leader in terms of screen count in India. Since 1997, the brand has redefined the cinema industry and the way people watch movies in the country. The company has, over the years, consistently added screens, both organically and inorganically, through strategic investments and acquisitions which includes ‘Cinemax Cinemas’ in November 2012, ‘DT Cinemas’ in May 2016 and ‘SPI Cinemas’ in August 2018.

The company offer a diversified cinema viewing experience through our formats, including ‘PVR Director’s Cut’, ‘PVR Gold Class’, ‘PVR IMAX’, ‘PVR Superplex’, ‘PVR P(XL)’, ‘PVR Playhouse’, ‘PVR ECX’, ‘PVR Premiere’, ‘PVR ICON’, ‘PVR LUXE’, ‘PVR Cinemas’ and ‘PVR Utsav’, and pursuant to acquisition and amalgamation of SPI Cinemas, ‘Escape’, ‘Sathyam’ and ‘Palazzo’. The Company exhibits diversified content to serve different regional customer segments across India.

The company has a diversified revenue stream and generates revenues primarily from box office and non-box office which primarily includes revenue from Sale of Food and Beverages, advertisement income, convenience fees, and income from movie production/ distribution among others.

Business area of the company

PVR is in the business of movie exhibition and production and operates largest cinema circuit across India.

Awards and Recognitions

  • 2004 Teacher’s Achievement Award FICCI Frames’ Newsmaker of the Year
  • 2005: Delhi Ratna Award -PHD Chambers of Commerce and Industry Indian Retail Forum’s Entrepreneur of the Year
  • 2012: CNBC’s Emerging India Award: Media and Entertainment
  • 2013: EY Entrepreneur of the Year Award for Business Transformation World Economic Forum’s Fastest Growing Global Growth Company
  • 2014: IMAGES Most Admired Retailer of the Year: Entertainment (5 years in a row)
  • 2015: India’s Most Trusted Cinema-Display Brand-The Brand Trust Report Businessworld Best Cinema Chain: National
  • 2016: CNBC Asia’sIndia Innovator of the Year Fortune India’s Next 500 Big Cine Expo’s Top Multiplex Chain of the Year IMAGES Most Admired Retailer of the Year
  • 2017: CineAsia’s Asian Exhibitor of the Year PVR was presented Asia’s Best Employer Brand Awards 2017
  • 2018-19: Best CFO (Excellence in Mergers & Acquisitions) to Mr. Nitin Sood by ET Now
  • 2018-19: Most Innovative Mid-Sized Company by ET Now 
  • 2018-19: The Kotler Award of Excellence for Digital Transformation, World Marketing Summit
  • 2018-19: Best Tech Award Supporting Energy Efficiency at the Future of Energy Management Summit & Awards 2018
  • 2018-19: ‘4700BC Popcorn’ received the ‘Food & Grocery Brand of the year (Snacks)’ award by the Global Awards for Retail Excellence
  • 2018-19: ‘4700BC Popcorn’ received the ‘Most Talented Food Industry Leaders’ award by the Asia Food Congress and Awards
  • 2018-19: National Best Employer Brand 2018 by Employer Branding Institute - India
  • 2018-19: Best Leadership Development Programme for Middle Management by the World Training and Development Congress
  • 2019-20: Indian Digital Awards for Best Use of Real-Time Streaming and Best Messaging Campaign in Digital Marketing.
  • 2019-20: NIPMAN Foundation Microsoft Equal Opportunity Award for Physical Accessibility at PVR.
  • 2019-20: Most Innovative Mid-Sized Company at ET Innovation Awards.
  • 2019-20: PVR’s Annual Report for FY 2018-19 has been Ranked 17th Globally (2nd in India), by the League of American Communications Professionals (LACP) in the 2018/19 Vision Awards Annual Report Competition
  • 2019-20: Top Multiplex chain of the year at Big cine Expo
  • 2019-20: Most Admired Retail Tech Implementation of the Year - PVR’s Accessible Cinema Program at the IMAGES Retail Forum.
  • 2019-20: Indian Content Leadership Awards for Content Enterprise of the Year; Best Content in an Experiential Marketing Campaign; Best Content in a Digital Media Campaign by a Retail Enterprise; Best Content in a Digital Media Campaign by a Media/Entertainment Enterprise and Best Content in a Performance-Driven Mobile Campaign.
  • 2019-20: Masters of Modern Marketing Awards and Conference (mCube Awards) for Multi-Channel Campaign; Content in Email Marketing Campaign; Best Experiential Marketing Campaign; digital Campaign by a
  • 2019-20: Media/Entertainment Enterprise; and Best Content in a Mobile Marketing Campaign
  • 2019-20: PVR - Investor Relations won Most Outstanding Company in India - Media Sector, in the 2019 Asiamoney Asia’s Outstanding Companies Poll.

Milestones

  • 1997: Opened first cinema in Delhi.
  • 2003: Received first private equity investment.
  • 2006: Listed on the stock exchanges.
  • 2012: Acquired Cinemax Cinemas.
  • 2016: Acquired DT Cinemas.
  • 2016: Crossed over 500 screens.
  • 2018: Acquired SPI Cinemas.
  • 2018: Crossed over 700 screens.
  • 2019: Crossed over 800 screens.
  • 2019: Raised Rs 500 crore through qualified institutional placement.
  • 2019: Expanded footprints in Sri Lanka.
  • 2020: Raised Rs 300 crore through Right issue (Subscribed more than 2 times).
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