PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 8680.54 Crore) operating in Media & Entertainment sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 320.13 Crore, up 189.42 % from last quarter Total Income of Rs 110.61 Crore and down -65.35 % from last year same quarter Total Income of Rs 923.89 Crore. Company reported net profit after tax of Rs -49.21 Crore in latest quarter.
Investment Rationale
PVR is the largest multiplex chain in India with 800+ screens across India and multiplex screens are gaining ground at the expense of single screen. Share prices have corrected significantly as most of the theaters are operating at very low capacity utilization due to the lack of any major releases due to the Covid-19 crisis.However, with a significant decrease in Covid-19 cases over the past few months the brokerage believes that it’s a matter of time before it sees new releases by production houses post April 2021 which should lead to significant increase in business for the companies.
Promoter/FII Holdings
Promoters held 18.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 38.5 per cent, DIIs 26.6 per cent and public and others 16.1 per cent.
