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Inox Leisure Ltd. Stock Analysis

Small Cap
Evaluated by 1355 users | BSE: 532706 | NSE: INOXLEISUR |
Film Production, Distribution & Entertainment
INOX Leisure is incorporated in 1999 and is a part of $ 2 billion Inox group. It is a subsidiary of Gujarat Fluorochemicals. INOX Leisure is engaged in providing quality cinema exhibition.Inox multiplexes offer an option of 2-5 auditoriums. These auditoriums have state of the art facilities,...

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.
Inox Leisure 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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 2.71%5.38%7.12%9.21%6.37%11.93%6.26%16.27%15.45%18.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3374197658699541,1611,2211,3481,6921,897
Y-o-Y Gr. Rt.-24.1%82.8%13.5%9.8%21.7%5.2%10.4%25.5%12.1%
Adjusted EPS (Rs.) 0.522.742.363.912.358.843.513.3513.711.73
Y-o-Y Gr. Rt.-426.9%-13.9%65.7%-39.9%276.2%-60.4%281.4%2.7%-87.4%
Book Value per Share (Rs.) 51.453.0952.756.0774.0157.7360.8672.8496.9363.62
Adjusted Net Profit 3.21722.837.722.78533.612814117.8
Net Op. Cash Flow (Rs. Cr.) -15.297.871.312584.9169108203280474
Debt to Cash Flow from Ops -13.92.363.941.932.841.582.941.440.390.33
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.
Inox Leisure Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 21.2%14.8%15.8%12.1%
Adjusted EPS 14.3%-5.9%-20.9%-87.4%
Book Value per Share 2.4-31.5-34.4
Share Price 23.2% 2.1% -0.2% -23.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 1.035.256.9810.554.2314.136.2621.0117.232.24
Operating Profit Margin (%) 9.7812.9713.414.1812.6816.4712.3316.218.5431.67
Net Profit Margin (%) 0.964.052.984.342.377.332.769.528.310.94
Debt to Equity 0.670.70.550.450.340.480.540.420.110.24
Working Capital Days 1211067083948483898376
Cash Conversion Cycle -40-33-26-31-27-17-21-26-30-24
Entity Percentage Holding
Promoters 51.89%
Institutions 32.03%
Non-Institutions 15.90%
Others 0.18%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Inox Leisure Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Inox Leisure Ltd. is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Inox Leisure Ltd.'s performance infers:

Inox Leisure Ltd. earnings have declined by -5.9%, whereas share price has appreciated 2.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

Inox Leisure Ltd. share price has appreciated 15.9% annually over the past ten years.

INOX Leisure is incorporated in 1999 and is a part of $ 2 billion Inox group. It is a subsidiary of Gujarat Fluorochemicals. INOX Leisure is engaged in providing quality cinema exhibition.Inox multiplexes offer an option of 2-5 auditoriums. These auditoriums have state of the art facilities, with interiors that equate to international standards, modern projection and systems and computerized ticketing. It exhibits movies of various languages such as Hindi, English and other

INOX Leisure is incorporated in 1999 and is a part of $ 2 billion Inox group. It is a subsidiary of Gujarat Fluorochemicals. INOX Leisure is engaged in providing quality cinema exhibition.Inox multiplexes offer an option of 2-5 auditoriums. These auditoriums have state of the art facilities, with interiors that equate to international standards, modern projection and systems and computerized ticketing. It exhibits movies of various languages such as Hindi, English and other regional languages.

All INOX cinemas have state of the art facilities in terms of modern projection and acoustic systems, interiors of international standards, stadium styled high back seating with cup holder arm-rests, high levels of hygiene, varied theatre food, a selection of Hindi, English and regional movies, computerized ticketing and most importantly high service standards upheld by a young and vibrant team.

Inox leisure had completed the acquisition of a majority stake in the Emerging Equity in Fame India. With this, Inox’s stake in Fame now stands at 50.27% of the issued and paid capital of the Fame. Thereby, making Fame its subsidiary. Inox had earlier, acquired 1,75,65,288 equity shares of Fame India, in February 2010.

It was also engaged in distributing films like Rang De Basanti, Heyy Baby, Om Shanti Om, Namastey London, Cheeni Kum, Partner, Race and U Me aur Hum.

It has also set up wind mills in Gujarat for purpose of generating electricity for its consumption.

The company also has an alliance with Pantaloon Group. This alliance provides an access to all real estate development that Pantaloon takes up for its retail chain giving Inox to explore an untapped potential.

Milestones

 INOX was chosen post a nationwide tender to design, construct and operate the prestigious multiplex in Goa. Since the launch of the multiplex in 2004, INOX is the venue of the prestigious International Film Festival of India (IFFI) every year.

It has been honoured with various awards such as ‘ICICI Entertainment Retailer of the Year’ Award 2005, TAAL Multiplexer 2006 and Emerging Superbrand of the year 2006 – 2007 Award.

2010
Commencement of Commercial Operations of new Multiplex Cinema Theatre at Belgaum, Karnataka.
INOX launches 4th multiplex in Bengaluru.
2011
INOX Leusire Ltd completes acquisition of Fame India Ltd.
INOX launches 2nd multiplex in Siliguri at City Centre, Matigara.
INOX launches 2nd Multiplex in Vijaywada at LEPL Icon, Patamata.
2012
INOX Opens at Glomax Mall, Kharghar.


Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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