AgenciesRelated
ICICI Securities has buy call on with a target price of Rs 1531. The current market price of PVR Ltd. is Rs 1350.
Time period given by analyst is one year when PVR Ltd. price can reach defined target.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8160.36 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 263.26 Crore, down -17.76 % from last quarter Total Income of Rs 320.13 Crore and down -60.22 % from last year same quarter Total Income of Rs 661.78 Crore. Company reported net profit after tax of Rs -289.21 Crore in latest quarter.
Investment Rationale
Globally, performance of multiplexes post normalisation of covid-related situation has been encouraging, and the brokerage expects the same to happen in India in course of time. Movie pipeline remains healthy as well. It has cut adjusted FY22 EBITDA estimate by 71% on factoring-in minimal revenues in H1FY22, and 8% for FY23. Accordingly, the brokerage cuts target price to Rs1,531 (from Rs1,679).
Promoter/FII Holdings
Promoters held 17.1 per cent stake in the company as of March 31, 2021, while FIIs held 42.6 per cent, DIIs 24.5 per cent and public and others 15.8 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
Time period given by analyst is one year when PVR Ltd. price can reach defined target.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8160.36 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 263.26 Crore, down -17.76 % from last quarter Total Income of Rs 320.13 Crore and down -60.22 % from last year same quarter Total Income of Rs 661.78 Crore. Company reported net profit after tax of Rs -289.21 Crore in latest quarter.
Investment Rationale
Globally, performance of multiplexes post normalisation of covid-related situation has been encouraging, and the brokerage expects the same to happen in India in course of time. Movie pipeline remains healthy as well. It has cut adjusted FY22 EBITDA estimate by 71% on factoring-in minimal revenues in H1FY22, and 8% for FY23. Accordingly, the brokerage cuts target price to Rs1,531 (from Rs1,679).
Promoter/FII Holdings
Promoters held 17.1 per cent stake in the company as of March 31, 2021, while FIIs held 42.6 per cent, DIIs 24.5 per cent and public and others 15.8 per cent.
(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)
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