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Cineline India Ltd (CINELINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532807 NSE: CINELINE Film Production, Distribution & Entertainment | Small Cap | Cineline India Share Price

₹92 0.79 (0.87%)

As on 25-Sep'26 16:59

Cineline India Ltd (CINELINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532807 NSE: CINELINE Film Production, Distribution & Entertainment | Small Cap | Cineline India Share Price

₹92 0.79 (0.87%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹351 Cr.
Current Price
₹92
52-Week Low / High
₹73 / 105
TTM EPS
₹-4.6
TTM Sales
₹211 Cr.
Book Value per Share
₹46.4
P/E Ratio
0.00
Industry PE
35.1
Price to Book (P/B)
1.98
In line with its 5-year historical median
Price to Sales (P/S)
1.66
Lower than its 5-year historical median
EV/EBITDA
7.52
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-12.17%
Underperforms industry median
Return on Capital Employed (ROCE)
-3.12%
Underperforms industry median
Return on Assets (ROA)
-4.06%
Operating Profit Margin
19%
Net Profit Margin
-8.13%
Gross Profit Margin
6.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
12.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-3.08%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
69.60%
Pledged shares (%) of Promoter's holding (%)
50.73%
Reserves
₹158 Cr.
Equity
₹19.1 Cr.
Face Value
₹5
All Time Low / High
₹6.33 / 204.45

Cineline India stock performance

Key Ratios
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Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Cineline India Ltd a good quality company?
Cineline India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cineline India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cineline India Ltd vs industry peers?
Cineline India Ltd revenue CAGR is 52.35%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Cineline India Ltd?
Promoters hold 69.60% of the Cineline India Ltd, with 50.73% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Cineline India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.5% based on the current price.

10 Year X-Ray :

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.
Cineline India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ10.4%9.2%9.2%9.9%10.1%2.9%1.7%8.9%-23%18.7%-
Value Creation
Index ⓘ
-0.3-0.4-0.3-0.3-0.3-0.8-0.9-0.4-2.6NA-

Growth Parameters ⓘ

Sales ⓘ22.422.324.225.717.512.385.6190211237251
Sales YoY Gr.--0.8%8.9%5.9%-32%-29.3%593.4%121.6%11.1%12.4%-
Adj EPS ⓘ3.83.83.52.73.1-2.6-4.1-0.8-3.63.43.2
YoY Gr.-0.3%-6.6%-24.7%17%-182.3%NANANANA-
BVPS (₹) ⓘ33.83740.543.346.145.550.356.238.541.949.2
Adj Net
Profit ⓘ
10.510.69.97.48.7-7.7-12.9-2.6-12.211.712
Cash Flow from Ops. ⓘ876.8-2.321.3-95.6-1.258.12148.337.8-
Debt/CF from Ops. ⓘ16.71.7-69.18.1-2-162.52.15.500-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ29.9%68.5%40.4%12.4%
Adj EPS ⓘ-1.1%1.9%NANA
BVPSⓘ2.4%-1.9%-5.9%8.8%
Share Price 4.5% -2.1% -5.9% 5.7%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
11.810.596.36.9-5.7-8.1-1.4-7.37.87.1
Op. Profit
Mgn % ⓘ
67.565.366.365.754.32.36.521.71920.922.1
Net Profit
Mgn % ⓘ
46.947.440.728.949.8-62.1-15.1-1.4-5.84.94.9
Debt to
Equity ⓘ
1.41.21.41.41.41.40.80.600-
Working Cap
Days ⓘ
2,4052,6801,6582,0024,1834,86544294807132
Cash Conv.
Cycle ⓘ
7131912-14-41-29-35-34-36-11

Valuation of Cineline India - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.0018.0341.4638.5274.342.992.992.9926.4750.73
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'10Mar'11Mar'12Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales19221732824262945141190211
Operating Expenses ⓘ + 162187292891737116148171
Manufacturing Costs9410917123717443439
Material Costs912190000000
Employee Cost 1219262228201618
Other Costs ⓘ 464775547115298113
Operating Profit ⓘ 3130371617128244140
Operating Profit Margin (%) 15.9%13.7%11.1%66.3%65.6%42.0%18.7%17.4%21.7%19.0%
Other Income ⓘ + 6651117265362
Exceptional Items ⓘ -40-7000000-26
Interest ⓘ 8111510182235342929
Depreciation ⓘ 17192145816222024
Profit Before Tax ⓘ 65-214108-38-28-2-37
Tax ⓘ -11-0-6423-2-60-20
Profit After Tax 17541085-35-22-2-17
PAT Margin (%) 8.8%2.5%1.1%40.6%29.7%16.8%-78.8%-15.3%-1.2%-8.1%
Adjusted EPS (₹)6.11.91.33.52.71.7-11.80.6-1.3-5.1
Dividend Payout Ratio (%)19.80%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'10Mar'11Mar'12Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 166171175114122127106119149132
Share Capital ⓘ 28.1728.172814141415.0515.7817.1317.13
Reserves ⓘ 13814314710010811391103132115
Debt +88981251561683113052222190
Long Term Debt88641001561683113052222190
Short Term Debt035250000000
Minority Interest0000000000
Trade Payables2513240167212416
Others Liabilities ⓘ 20604631482226198162143
Total Liabilities ⓘ 298342369302339466444559553292

Fixed Assets

Net Fixed Assets ⓘ +2082172438104391300485479215
Gross Block26529333910107463378605628284
Accumulated Depreciation57769623727812014869
CWIP ⓘ 1332170003594
Investments ⓘ 011223000000
Inventories1130000222
Trade Receivables710113243552
Cash Equivalents flag ⓘ 6862212528261233
Others Assets ⓘ 6374884623346110364535
Total Assets ⓘ 298342369302339466444559553292
PARTICULARSMar'10Mar'11Mar'12Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 352642-221-210764250
PBT ⓘ 65-214108-38-3-4-9
Adjustment ⓘ 27263728751256851
Changes in Working Capital ⓘ 7-510-167-14-453-228
Tax Paid ⓘ -50-3-2-4-311-10
Cash Flow From Investing Activity ⓘ + -27-48-343-381461116-14111
Capex -28-48-34-91183470-17-41
Net Investments -0-0-0000000147
Others ⓘ 00012-15611241545
Cash Flow From Financing Activity ⓘ + -524-1020-5-1412-94-40-139
Net Proceeds from Shares ⓘ 000000158150
Net Proceeds from Borrowing ⓘ 032162913-970-79-13-115
Interest Paid ⓘ -8-11-17-9-18-22-35-40-40-28
Dividend Paid ⓘ -4-4-00000000
Others ⓘ 67-9-0-0-222217-24
Net Cash Flow ⓘ 23-221-22323-2-1321
PARTICULARSMar'10Mar'11Mar'12Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.663.242.036.846.513.91-31.14-19.37-1.67-12.17
ROCE (%)5.945.864.267.989.928.11-0.621.497.07-3.12
Asset Turnover Ratio0.650.680.920.070.080.070.10.280.340.5
PAT to CFO Conversion(x)2.065.210.5-0.22.63-0.4N/AN/AN/AN/A
Working Capital Days
Receivable Days13.501411.60106.1032.8039.1030.4011.1010.106.10
Inventory Days0.901.202002.201.703.104.304.20
Payable Days1,025601.20343.700000000

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Cineline India Ltd FAQs

The current trading price of Cineline India on 25-Sep-2026 16:59 is ₹92.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Cineline India stood at ₹350.6 Cr

The latest P/E ratio of Cineline India as of 24-Sep-2026 is 28.36.

The latest P/B ratio of Cineline India as of 24-Sep-2026 is 1.87.

The 52-week high of Cineline India is ₹104.7 and the 52-week low is ₹73.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cineline India is ₹251 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cineline India Ltd is a below average quality company.

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

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

About Cineline India Ltd

Cineline India (Cineline) is a prominent film exhibition Company under the Kanakia Group. The company is one of India’s emerging forces in film exhibition, operating under its flagship brand MovieMAX. Headquartered in Mumbai, the company manages a growing network of multiplexes and single screens across metros and regional hubs, combining strong legacy with contemporary reinvention. With a clear focus on scale, service, and screen quality, the company brings together the legacy of Indian exhibition with the aspirations of modern moviegoers, making premium, technology-led cinema more inclusive, immersive, and experience led. The journey began in 1997 with the launch of its first theatre in Mumbai. In 2022, Cineline introduced the MovieMAX identity under the leadership of the second-generation Kanakia family, marking a transformative new phase in its growth.

The company’s footprint spans leading metros like Mumbai, Noida, Gurugram, and Hyderabad, alongside growing Tier II & Tier III markets. Whether through multiplexes featuring recliner clubs and gourmet F&B, MovieMAX ensures that the movie-going experience is both aspirational and accessible. From technological advancements like 4K laser, 2K laser and other advanced projection and Dolby Atmos and Dolby 7.1 surround systems to service innovations such as live sports screenings, app-based engagement, and premium in-cinema hospitality, Cineline is reshaping the boundaries of what cinema can offer. The brand has become synonymous with curated content, seamless digital integration, and capital-efficient expansion, cementing its role in India’s entertainment landscape.

Business area of the company 

Cineline is engaged in business of movie exhibition in India. The company operates through its multiplex brand MovieMAX. The company earns revenue from sale of movie tickets, sale of food and beverages and in-cinema advertisements/ product displays.

Milestones/ Awards/ Major events

  • 1997: The Company commenced its journey in 1997 by entering the movie exhibition business. Its first theatre was launched in Mumbai with a vision to deliver an unparalleled entertainment experience to moviegoers.
  • 2001: The Company took a bold step by launching India’s first multiscreen cinema in Mumbai, thereby pioneering the multiplex revolution. This innovation introduced greater convenience and viewing choices for cinema audiences.
  • 2005: The Company became one of the first cinema chains in India to replace traditional seating with bucket seats, significantly enhancing comfort and elevating the movie-watching experience for its patrons.
  • 2006-07: During this period, Cineline became a publicly listed entity through an Initial Public Offering (IPO), opening up opportunities for both movie enthusiasts and investors to be part of the Company’s growth story.
  • 2007-09: The company gained popularity as a premier destination for star-studded movie premieres and high-profile events, solidifying its position as a key hub for glamour and entertainment in the industry.
  • 2010: Cineline introduced the RED Lounge in Mumbai, the city’s first cinema with all-recliner seating. This concept raised the bar for luxury in cinema, setting a new standard for premium movie-going.
  • 2013: The company further expanded its footprint by launching landmark cinema halls in premier locations such as Inorbit Mall (Hyderabad), Infinity Mall (Mumbai), and Pacific Mall (Delhi), offering modern amenities and exceptional experiences.
  • 2022: Cineline launched its exhibition business under the MovieMAX Brand. This strategic move aimed to provide a world-class cinema experience and marked the beginning of a new era in the Company’s evolution.
  • 2023: The company expanded its presence in Haryana by opening a 3-screen multiplex with 802 seats, equipped with 2K projectors, Dolby 7.1 surround sound, and Double Beam 3D technology. Each auditorium includes premium recliner seating for added comfort.
  • 2024: Cineline expanded its footprint with the launch of three new properties, enhancing both its screen presence and quality of offerings. An 8-screen multiplex at Amanora Mall, Pune, was inaugurated with a seating capacity of 1,865 and equipped with advanced 2K projectors and immersive audio systems.
  • 2024: Further strengthening its presence in Pune, Cineline also opened a 3-screen multiplex at Mariplex Mall, fitted with Gen 3D, 2K projectors, and Dolby 7.1 surround sound, delivering technically advanced, immersive cinema for local audiences.
  • 2024: In Noida, the company unveiled a 4-screen multiplex under the Brand name ‘MovieMAX Edition’ at RCube Monad Mall, featuring an all-recliner format uniquely designed around a distinct theme to offer a luxury viewing cinematic experience.
  • 2024: MovieMax was honoured as the Fastest Growing Cinema Chain of the Year at Big Cine Awards 2024, reflecting its rapid expansion and strong industry recognition.

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