ReutersGeojit has accumulate call on . with a target price of Rs 2042. The current market price of PVR Ltd. is Rs 1803.4. PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 11050.03 Crore) operating in Media & Entertainment sector.
PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 703.13 Crore, down -29.85 % from last quarter Total Income of Rs 1002.26 Crore and up 155.49 % from last year same quarter Total Income of Rs 275.21 Crore. Company reported net profit after tax of Rs -71.49 Crore in latest quarter.
Investment Rationale
The brokerage believes that the stock price has already factored the weak perfor-mance of first half. Hence, reiterate ACCUMULATE rating with a revised target price of Rs. 2,042 at 2.8x FY24E EV/Sales (5 Year Average = 3.4x).
Promoter/FII Holdings
Promoters held 16.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 44.71 per cent, DIIs 18.04 per cent.
PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 703.13 Crore, down -29.85 % from last quarter Total Income of Rs 1002.26 Crore and up 155.49 % from last year same quarter Total Income of Rs 275.21 Crore. Company reported net profit after tax of Rs -71.49 Crore in latest quarter.
Investment Rationale
The brokerage believes that the stock price has already factored the weak perfor-mance of first half. Hence, reiterate ACCUMULATE rating with a revised target price of Rs. 2,042 at 2.8x FY24E EV/Sales (5 Year Average = 3.4x).
Promoter/FII Holdings
Promoters held 16.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 44.71 per cent, DIIs 18.04 per cent.
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