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Cineline India Ltd. Stock Analysis

Small Cap
Evaluated by 319 users | BSE: 532807 | NSE: CINELINE |
Film Production, Distribution & Entertainment
Cinemax India (CIL) incorporated in May 2002 as Cineline Entertainment (India); is engaged in business of building, owning, and operating multiplexes, theatres and entertainment centres. Later in 2005, the company's name was changed to Cinemax Cinemas (India).In 2012 Company has changed its...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 6.69%2.35%5.83%3.29%6.45%5.65%7.38%7.48%6.92%6.56%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1571772421919.620.42222.422.324.2
Y-o-Y Gr. Rt.-12.9%36.5%-92.2%3.4%4%8%1.8%-0.8%8.9%
Adjusted EPS (Rs.) 3.23-0.642.271.511.110.82.063.763.773.52
Y-o-Y Gr. Rt.--119.8%NA-33.5%-26.5%-27.9%157.5%82.5%0.3%-6.6%
Book Value per Share (Rs.) 50.3749.8150.1325.2526.3527.7729.8233.8437.0440.52
Adjusted Net Profit 9-1.86.44.23.12.25.810.510.69.9
Net Op. Cash Flow (Rs. Cr.) 24.126.732.419.4-24.83.8-5.5876.8-2.3
Debt to Cash Flow from Ops 3.545.324.831.8-2.4415.58-22.7816.671.68-69.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cineline India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -18.7%4.3%3.2%8.9%
Adjusted EPS 1%26%19.6%-6.6%
Book Value per Share -2.4910.89.4
Share Price 0% 13.5% -31.2% 3.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 6.45-1.274.544.024.32.947.1511.7510.549.01
Operating Profit Margin (%) 13.9811.3413.6870.7566.0465.9765.5867.4565.3366.34
Net Profit Margin (%) 5.77-1.012.6322.3615.8410.9426.1746.947.3940.68
Debt to Equity 0.61.021.110.490.820.771.511.41.241.39
Working Capital Days 121116958925439531,6612,4052,6801,658
Cash Conversion Cycle -66-27-8-37222291371319
Entity Percentage Holding
Promoters 70.29%
Non-Institutions 29.71%
Pledged *25.7870.7470.7470.7470.7470.1269.8869.7769.710.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Cineline India Ltd.'s performance infers:

Cineline India Ltd. earnings have grown by 26%, whereas share price has appreciated 13.5% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cineline India Ltd. share prices over the last 10 years. Here is what we found out:

Cineline India Ltd. share price has appreciated -5.9% annually over the past ten years.

Cinemax India (CIL) incorporated in May 2002 as Cineline Entertainment (India); is engaged in business of building, owning, and operating multiplexes, theatres and entertainment centres. Later in 2005, the company's name was changed to Cinemax Cinemas (India).In 2012 Company has changed its name from Cinemax Exhibition India

Cinemax India (CIL) incorporated in May 2002 as Cineline Entertainment (India); is engaged in business of building, owning, and operating multiplexes, theatres and entertainment centres. Later in 2005, the company's name was changed to Cinemax Cinemas (India).In 2012 Company has changed its name from Cinemax Exhibition India Ltd. to Cinemax India Ltd.

'Cinemax' is one of the most recognizable film exhibition brands in the areas where we operate. We have theaters in Ahmedabad, Panipat, Nagpur, Hyderabad, Kolkata, Kanpur, Raipur, Gandhinagar, Mumbai, Thane, Vashi, Cochin, Baroda, Rajkot, Siliguri, Nashik, Delhi, Bangalore, Pune, Surat and coming soon in Chennai and launching additional properties in Pune and Bangalore.

CIL has four wholly owned subsidiaries namely Vista Entertainment (VEPL), Growel Entertainment (GEPL), Cinemax Motion Pictures (CMPL) and Nikmo Finance (NFPL).

The company is among the largest exhibition theatre chains in India operating with 39 properties, 138 screens and 33,522 seats.

Business Area

Exhibition – The Company is engaged in film exhibition and has also conducted many premieres.

Gaming – The company is also engaged in gaming business and operates it under the brand name ‘Giggles- The Gaming Zone'. Currently the company operates gaming zone in Eternity Mall, Thane, spread over 13,000 sq ft of area and offers around 50 state-of the art games.

Our Gaming business which is currently operational under the brand name – ‘Giggles- The Gaming Zone' at Eternity Mall, Thane. It is spread over 13,000 sq ft of area and offers around 50 state-of –the –art games. We have also opened ‘Giggles- The Gaming Zone' at Eternity Mall, Nagpur. We plan to expand our gaming business by opening several new Giggles gaming zones at some of our future multiplexes at different locations in India.

Food Court- The company also operates food court under the brand “INDULGE”.

Production and Distribution- The company has also entered into film distribution and production.

Mall Development- The company is also engaged in mall development. The company has developed over 200,000 sq feet of mall area at Eternity mall in Thane and over 100,000 sq ft of area in Nagpur.

Outlook

The company plans to develop 85 properties and 250 screens across India by 2011.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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