Announcement
Announcement under Regulation 30 (LODR)-Closure of Buy Back 5 Oct - PVR INOX extinguished 20,68,965 shares after buyback; post-capital now 9,61,30,997 shares.
Source: Bse
PVR INOX Limited (PVRINOX)
Large CapMedia stocks · Large cap · NSE
PVR INOX Limited operates a diversified network of 1,779 multiplex screens across 113 cities in India. The company focuses on providing a premium cinema experience while expanding its reach to various city tiers, aiming to be both aspirational and affordable for its audience.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result23 Jul, 06:14 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens
Trend score and candlestick chart
91Strong Bullfull bull SMA stack · SMA20 +6.6% / mo · MACD + · near 52W high · sector +12.7pp vs Nifty 500 (3M)
Stock trend: 85
Sector RS: 100
Sector 3M: +7.1% vs Nifty 500 -5.6%
Media FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
PVRINOXD candles · FIT view+39.6%Latest close ₹1402.10 on 2026-10-19
Bar
-0.2%
RSI
64
MACD hist
10.00
52W pos
94%
2026-10-19O ₹1404.50H ₹1432.00L ₹1385.90C ₹1402.10Vol 5.4L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PVRINOXNifty MediaNifty 500
- PVRINOX
- +37.6%
- Nifty 500
- -5.6%
- Nifty Media
- +7.0%
- Vs Nifty 500
- +43.1 pp
Chart stats
19 Oct 2026- From 52W high
- -2.1%
- 52W range position
- 94%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.68x
- Avg traded value
- ₹103 Cr
- 20D price channel
- ₹1,181.2 - ₹1,432
₹1,432
₹907.4 - ₹1,432
₹50.7
Latest completed session
20-session average
46.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · WATCHLIST37
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average35
Revenue +11.9% · PAT NDF YoY
Technical
Strong Bull91
Price trend and sector-relative-strength timing.
Valuation
Legacy model-37.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence69
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 35/100Rev +12% YoY · margin expansion
Filed 23 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,622 Cr | +11.9% | +4.8% |
| EBITDA | ₹528 Cr | +30.7% | +16.8% |
| Operating margin | 33.0% | +500 bps | +400 bps |
| PAT | ₹56 Cr | NDF | -69.9% |
| PAT margin | 3.5% | +717 bps | -857 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 42.70
- P/B
- 1.84
- EV/EBITDA
- 5.82
- Market Cap
- 13555.00Cr
Profitability
- ROE
- 4.92%
- ROCE
- 6.79%
- ROA
- 2.84%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 88.00%
- EPS 5Y
- 20.00%
- Revenue 3Y
- 21.00%
- EPS 3Y
- 45.00%
Balance Sheet
- Debt/Equity
- 0.92
- Interest Coverage
- 3.14×
- Altman Z
- 2.72
- Book Value
- 751.00
Cash Flow
- FCF Yield
- 11.31%
- FCF Positive Y
- 6/5
- OCF
- 2160.00 Cr
- EPS TTM
- 45.27
Shareholding
- Promoter Hold
- 27.60%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 91%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 6,646+16.6% vs prev
Net Profit
₹ CrLatest: 333+218.5% vs prev
Return on Equity
%Latest: 4.5+213.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 64.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~6.2% over last month) — short-term momentum positive.
- RSI(14) at 64 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 3% of 52-week high — testing resistance.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
91
RS percentile
Stage 2 UptrendEstablished S2
1M return
+5.8%
3M return
+37.6%
6M return
+41.6%
1Y return
+18.4%
RS 1D
0
RS 20D
+8
Sector rank
-
Industry rank
-
Stage evidence
- Price is 29.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.8%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
07 Aug 2026
S2 age
50 trading sessions
Sector
unranked
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 131.39+1.12%
RS vs Nifty 500131
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 37 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation1/30
Growth19/25
Quality1/20
Balance Sheet2/15
Cash Flow10/10
Piotroski
8/9 (+5)
Penalties
-1
Raw sum
37
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
37/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 11.3%.
- Piotroski is strong at 8/9.
- Cash flow contributes 10/10 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -37.6%.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
42.7
PB
1.8
EV/EBITDA
5.8
ROE
4.9%
ROCE
6.8%
FCF Yield
11.3%
Debt/Equity
0.9
MoS
-37.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
37
Previous: 37
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-37.6%
Previous: -37.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
37
37
38
38
37
37
37
37
37
37
37
37
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹874.61
-60.3% MoS
Growth-justified P/E
22.5
Growth-justified Value
₹1,018.58
-37.6% MoS
PEG
1.42
Comparable companies
Peers
Business-comparable peers in Media — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SAREGAMA
Large
Saregama India Limited
Media & Entertainment
match 63
37
42.8
12.7%
-64%
WATCHLIST
AMAGI
Small
Amagi Media Labs Limited
Media & Entertainment
match 59
29
123.0
10.3%
-358%
OVERVALUED
NAZARA
Micro
Nazara Technologies Limited
Media & Entertainment
match 58
49
—
30.6%
—
FAIR VALUE
TIPSMUSIC
Micro
Tips Music Limited
Media & Entertainment
match 55
56
41.8
87.6%
-93%
FAIR VALUE
PFOCUS
Micro
Prime Focus Limited
Media & Entertainment
match 53
32
127.0
15.7%
-760%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-24T07:44:41.886Z
Management commentary snapshot
PVR INOX reports strong Q1 FY'27 with 12% YoY revenue growth, 90% EBITDA surge, and positive PAT, driven by robust admissions and higher ATP/SPH. Company achieved net cash positive status.
Strong Q1 FY'27 results with significant YoY growth in revenue, EBITDA, and PAT, supported by healthy operating metrics. India's box office outpaced global growth, driven by diverse content. The company achieved a net cash positive position and is on track for screen expansion, reinforcing its market position.
Current business mix
Revenue by Source (Q1 FY'27)
Latest issuer-disclosed distribution across 6 reported categories.
Sale of Movie Tickets51.0%
Sale of Food & Beverages34.0%
Advertisement Income6.5%
Convenience Fees3.8%
Other Operating Income3.5%
Other Income1.2%
Growth engines
Regional Box Office
Regional Box Office is driving majority of growth in India, followed by strong performance of English movies. Regional India GBOC up 29% over two years.
English Movies (Non-Franchise)
Hollywood delivers growth beyond franchise titles; audiences are showing up for new stories, turning original content into a growth lever.
Alternate Programming
Contributed to 1% GBOC with 2.5 Lakh admits and ATP of INR 409 in Q1 FY’27, unlocking a new digital revenue stream.
Online Penetration
Convenience Fee witnessed higher growth due to increased online penetration from 63.4% in Q1 FY’26 to 68.8% in Q1 FY’27.
Capacity and execution
New Screen Outlook FY'27
On track to open 90-100 new screens in FY’27. Current screen count is 1,779.
Tailwinds
Strong India Box Office Growth
India Box Office grew 20% YoY (Jan-June'26), outpacing global growth and remaining a standout market.
Broad-based Content Performance
India Box Office Q1 FY’27 shows broader and more balanced growth, with Hindi, English, and Regional languages gaining share.
Audience Engagement for New Stories
Audiences are showing up for new stories, not just sequels, turning original content into a growth lever for Hollywood movies.
Headwinds
Advertisement Income Decline
Advertisement Income decreased by 2.1% YoY in Q1 FY'27.
Decrease in Movie Distribution Income
Other Operating Income dropped 36.5% YoY, mainly due to a decrease in movie distribution income.
Increased Personnel Expenses
Personnel expenses increased YoY, driven by annual increments and minimum wage revisions, notably in Haryana (35%), UP (~24%), and Punjab (15%).
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The cinema exhibition business is highly seasonal, influenced by content release schedules and holiday periods. Comparing Q1 FY'27 to Q1 FY'26 provides a more accurate picture of underlying business health and growth trends, normalizing for these seasonal variations.
Sector KPIs management disclosed
Admissions
36.6 Mn in Q1 FY'27, up 8% Vs Q1 FY'26.
Average Ticket Price (ATP)
INR 273 in Q1 FY'27, up 8% Vs Q1 FY'26.
Spend Per Head (SPH)
INR 161 in Q1 FY'27, up 9% Vs Q1 FY'26.
Occupancy
25.3% in Q1 FY'27, up from 22.0% in Q1 FY'26.
Management forward view
Screen Expansion Target
Management is on track to open 90-100 new screens in FY’27.
Revenue Initiatives
Focus on alternate programming, F&B initiatives, and app & web monetization to unlock new digital revenue streams.
Brand Strategy
Aiming to make the brand 'aspirational' and 'affordable' through a diversified network across various city tiers.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| New Screen Additions | 1,779 screens (end Q1 FY'27) | Progress towards the target of 90-100 new screens in FY'27. |
| Box Office Performance | India GBOC +20% YoY (Jan-June'26) | Continued broad-based growth across Hindi, English, and Regional content, and sustained audience engagement. |
| Operating Metrics (ATP, SPH, Occupancy) | ATP INR 273, SPH INR 161, Occupancy 25.3% | Sustained growth in these metrics, indicating pricing power and effective F&B uptake. |
| Net Cash Position | Net Cash Positive (INR -807 Mn Net Debt) | Maintenance or improvement of the net cash position, indicating financial strength. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
69Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 59th percentile of the scored universe and 77th percentile within Media. Main check: financial discipline is weak at 48/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
129 docs text-extracted · 53 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
59th percentile
overall median 67 · Media: 77th pctile, median 63 · Large: 35th pctile, median 73
Evidence depth
Financial-only
129 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
65
acceptable · leverage and solvency
Discipline
48
watch · capital discipline
Results
60
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 11.3%.
- ▸6 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸ROCE is low at 6.8%.
- ▸ROE is low at 4.9%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching PVR INOX Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep - Senior management to meet institutional investors in Hong Kong and Singapore on 28-30 September 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep - Senior management to attend one-on-one investor meetings in Hong Kong and Singapore on 28-30 September 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep - PVR INOX management will hold one-to-one investor meetings in Hong Kong and Singapore on 28-30 September 2026.
Source: Bse
Annual reportSep 2026
Sep 2026 · Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 19 Aug - PVR INOX sent FY2025-26 annual report links; 31st AGM on 11 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Sep - PVR INOX Limited has informed about Copy of Newspaper Publication for dispatch of Letter of Offer with respect to buyback.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug - PVR INOX Limited has submitted to the Stock Exchange a copy of Newspaper Advertisement informing about dispatch of Notice of 31st AGM along with Annual …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Aug - PVR INOX has submitted to the stock exchange a copy of newspaper advertisement in respect of information about Notice of 31st Annual General Meeting of …
Source: Bse
Annual report
Appeal To Shareholders To Register/Update Their E-Mail Ids. 3 Aug - PVR INOX asks shareholders to update email IDs for FY2025-26 AGM notice and annual report.
Source: Bse
Concall transcriptJul 2026
Jul 2026 · Transcript
Source: Bse
Investor presentationJul 2026
Jul 2026 · PPT
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Jul - PVR Inox Q1FY27 results conference call scheduled for July 24, 2026 at 3:00 PM IST.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.