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PVR Inox Ltd (PVRINOX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532689 NSE: PVRINOX Film Production, Distribution & Entertainment | Small Cap | PVR Inox Share Price

₹999.20 14.50 (1.47%)

As on 03-Jul'26 16:59

PVR Inox Ltd (PVRINOX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532689 NSE: PVRINOX Film Production, Distribution & Entertainment | Small Cap | PVR Inox Share Price

₹999.20 14.50 (1.47%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,812 Cr.
Current Price
₹999.2
52-Week Low / High
₹900 / 1,249
TTM EPS
₹27.3
TTM Sales
₹6,391 Cr.
Book Value per Share
₹747.1
P/E Ratio
36.54
Industry PE
39.9
Price to Book (P/B)
1.34
Lower than its 5-year historical median
Price to Sales (P/S)
1.54
Lower than its 5-year historical median
EV/EBITDA
4.52
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-3.86%
In line with industry median
Return on Capital Employed (ROCE)
4.89%
Outperforms industry median
Return on Assets (ROA)
-1.73%
Operating Profit Margin
28.1%
Net Profit Margin
-5.09%
Gross Profit Margin
16.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-7.71%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-14.24%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
27.53%
Pledged shares (%) of Promoter's holding (%)
10.89%
Reserves
₹7,239 Cr.
Equity
₹98.2 Cr.
Face Value
₹10
All Time Low / High
₹56.46 / 2211.55

PVR Inox stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is PVR Inox Ltd a good quality company?
PVR Inox Ltd is a average quality company, based on a somewhat consistent 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 PVR Inox Ltd performance compare with that of its Peers?
Q.1 Revenue growth of PVR Inox Ltd vs industry peers?
PVR Inox Ltd revenue CAGR is 10.63%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of PVR Inox Ltd?
Promoters hold 27.53% of the PVR Inox Ltd, with 10.89% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of PVR Inox Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1.4% based on the current price.

DeciZen - make an informed investing decision on PVR Inox

Decision Maker
Standalone basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

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 Inox Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.8%13.8%15%18.4%20.9%-14.1%-5.9%6%8.1%4.9%-
Value Creation
Index
0.20.00.10.40.6-2.1-1.4-0.6-0.4-0.6-

Growth Parameters

Sales 1,7202,0022,2463,0393,2842261,2133,5595,8975,4426,391
Sales YoY Gr.-16.4%12.2%35.3%8.1%-93.1%437.5%193.3%65.7%-7.7%-
Adj EPS 22.321.125.640.25.5-119-78.5-33.4-3.7-28.227.3
YoY Gr.--5.1%21.3%56.7%-86.4%-2275.3%NANANANA-
BVPS (₹) 182200.2221.3308.8278.8301.5225.7747.7745.8717.7747.1
Adj Net
Profit
10610112219128.6-723-479-327-36.6-277268
Cash Flow from Ops. 334332401839819-4101249031,9911,951-
Debt/CF from Ops. 22.52.11.51.6-3.312.120.90.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.7%10.6%64.9%-7.7%
Adj EPS -202.7%-238.8%NANA
BVPS16.5%20.8%47.1%-3.8%
Share Price 0.1% -5.9% -10.1% 2.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
16.811.112.215.12-43.8-29.7-7.5-0.5-3.83.7
Op. Profit
Mgn %
15.814.617.11932.4-148.48.529.130.228.132.3
Net Profit
Mgn %
6.255.46.30.9-320.3-39.5-9.2-0.6-5.14.2
Debt to
Equity
0.80.90.80.90.90.71.10.20.20.20.1
Working Cap
Days
95868380901,21620089666925
Cash Conv.
Cycle
-31-29-30-34-25112-33-31-28-36-106

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,7202,0022,2463,0393,2842261,2133,5595,8975,442
Operating Expenses + 1,4561,7161,8632,4652,2215611,1102,5234,1153,914
Manufacturing Costs7028239041,166508193308613880928
Material Costs1161321552352591899292475432
Employee Cost 169205242327382207252419630646
Other Costs 4695565627371,0721434511,1992,1321,909
Operating Profit 2652863835741,063-3361031,0361,7821,528
Operating Profit Margin (%) 15.4%14.3%17.0%18.9%32.4%-148.0%8.5%29.1%30.2%28.1%
Other Income + 706932334547931377163168
Exceptional Items -11-5-10000-1100
Interest 838083128480493494569788806
Depreciation 991221411825335635947411,2051,265
Profit Before Tax 14214719029895-914-671-207-48-375
Tax 49546910865-190-193126-13-98
Profit After Tax 949312119030-724-478-333-36-277
PAT Margin (%) 5.4%4.6%5.4%6.3%0.9%-320.0%-39.4%-9.4%-0.6%-5.1%
Adjusted EPS (₹)19.719.525.539.95.8-119.0-78.4-34.0-3.6-28.2
Dividend Payout Ratio (%)10%10.10%7.70%4.90%68.10%0%0%0%0%0%

Valuation of PVR Inox - Standalone

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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 8659531,0531,4701,4581,8321,3777,3287,3177,048
Share Capital 47474747516161989898
Reserves 8199061,0061,4231,4071,7711,3167,2307,2186,949
Debt +5727296601,1021,0991,0991,0931,4921,2541,069
Long Term Debt5726055621,0199139801,0331,2721,047920
Short Term Debt0124998318611960220206149
Minority Interest0000000000
Trade Payables165182235356293189291487638736
Others Liabilities 1612353288694,2803,9343,9456,6497,0946,781
Total Liabilities 1,7632,1002,2763,7977,1307,0556,70715,95516,30215,632

Fixed Assets

Net Fixed Assets +9041,4211,5632,7095,7705,3725,33214,14114,41313,819
Gross Block9741,6391,9183,2186,7646,9227,45416,96818,17918,513
Accumulated Depreciation702183545109941,5502,1212,8273,7664,694
CWIP 551051022131552176424724695
Investments 86755158626396148225255
Inventories19171929292331606466
Trade Receivables82881371721712071158208206
Cash Equivalents 240182327320722567337353452
Others Assets 379376382590623638544865794740
Total Assets 1,7632,1002,2763,7977,1307,0556,70715,95516,30215,632

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 334332401839819-4101249031,9911,951
PBT 14214719029895-914-671-207-48-375
Adjustment 1902082233059745797851,2531,8831,931
Changes in Working Capital 21728317-221-813-143122346
Tax Paid -18-31-40-81-306803450
Cash Flow From Investing Activity + -303-643-315-1,021-418-29937-629-671-317
Capex -219-622-313-409-345-116-124-627-620-315
Net Investments -515017-20-16910049-119
Others -33-70-19-610-73-1460-51-49-21
Cash Flow From Financing Activity + 19460-66143-2101,076-216-692-1,286-1,528
Net Proceeds from Shares 3531005041,0931831193
Net Proceeds from Borrowing -433436312-67108213-37-60-168
Interest Paid -78-73-80-103-115-98-124-145-177-183
Dividend Paid -5-12-11-11-3600000
Others -33109-10-56-496-28-323-541-1,068-1,180
Net Cash Flow 226-25120-39190367-55-41934106

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.8210.2212.1115.072.06-43.98-29.81-7.65-0.49-3.86
ROCE (%)16.8413.7714.9518.3620.87-14.14-5.856.018.134.89
Asset Turnover Ratio1.11.041.0310.60.030.180.310.370.34
PAT to CFO Conversion(x)3.553.573.314.4227.3N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days15.8015.5018.3018.5019.10154.5013.7011.7011.3013.90
Inventory Days3.103.202.902.903.2042.208.204.703.804.40
Payable Days482.50479.10492.40458.90457.204,805.50890486.80432.80581

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.175.275.865.935.9310.1710.179.4110.8910.89
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

PVR Inox Ltd FAQs

The current trading price of PVR Inox on 03-Jul-2026 16:59 is ₹999.2.

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 02-Jul-2026 the market cap of PVR Inox stood at ₹9,812.1 Cr

The latest P/E ratio of PVR Inox as of 02-Jul-2026 is 36.54.

The latest P/B ratio of PVR Inox as of 02-Jul-2026 is 1.34.

The 52-week high of PVR Inox is ₹1,249 and the 52-week low is ₹900.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PVR Inox is ₹6,391 ( Cr.) .

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

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

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

About PVR Inox 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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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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