PVR Inox Limited (PVRINOX) AI Stock Analysis

• Market Cap: ₹100.48B
• Dividend Yield: N/A
• Average Volume (3M): 14.13K
• Price to Earnings (P/E): 26.0
• Beta (1Y): 1.24
• Revenue Growth: 11.47%
• EPS Growth: 87.83%
• Country: IN
• Employees: 4,650
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 9.70
• Shares Outstanding: 98,199,960
• 10 Day Avg. Volume: 16,239
• 30 Day Avg. Volume: 14,135
• PEG Ratio: -0.04
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 1.64
• P/FCF Ratio: 5.79
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,320.00
• Price Target Upside: 13.96% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 27.22
• Revenue Forecast (FY): ₹67.96B

• Rating: 60 Neutral
• Price Target: ₹1,074.00 ▼(-7.28% Downside)
• Action: Reiterated Date: 10/21/25
• Date: Action: Reiterated 10/21/25

PVR Inox Limited's stock score is primarily influenced by its mixed financial performance and positive technical indicators. While the company shows strong market momentum, its valuation is hindered by negative earnings. Addressing profitability and leverage issues could improve the stock's attractiveness.

Positive Factors

Diversified revenue streams

The company's multi-pronged model—box office, F&B, advertising and ancillary fees—reduces reliance on any single income source. Over months this diversification smooths film-cycle volatility, supports per-visitor monetization and stabilizes cash flow.

Scale and market position

A large nationwide multiplex network provides scale advantages: better negotiating leverage with distributors and advertisers, spreading fixed costs across locations, and faster roll‑out of premium formats. Scale supports sustained competitive positioning and margin resilience.

Cash generation and margin strength

Reported strong gross margins alongside positive operating cash flow and free cash flow indicate the exhibition business converts revenue into cash. Sustained cash generation supports debt servicing, targeted capex for premium screens, and strategic investments over the medium term.

Negative Factors

High leverage

Elevated debt-to-equity raises leverage risk, increasing interest burdens and reducing financial flexibility. In a business exposed to cyclical box office performance, high leverage magnifies downside in slower periods and can constrain reinvestment or strategic initiatives.

Negative net income / profitability pressure

Sustained net losses weaken retained earnings and shareholder returns, pressuring ROE and limiting internally funded growth. Persistent unprofitability may force reliance on external capital, increasing dilution or further leverage and raising long-term financing costs.

Inconsistent revenue growth

Top-line variability tied to film release schedules and occupancy makes cash flows and margin planning less predictable. For a capital-intensive exhibition network, inconsistent revenue growth complicates capacity decisions and reduces visibility on returns from new screen investments.

PVR Inox Limited Business Overview & Revenue Model

Company Description

PVR INOX Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies. The company is involved in the in-house advertisement activities; sale of food and beverages; and gaming and restaurant businesses. It operates in India and Sri Lanka. The company was formerly known as PVR Limited and changed its name to PVR INOX Limited in May 2023. PVR INOX Limited was incorporated in 1995 and is based in Gurugram, India.

How the Company Makes Money

PVR Inox Limited generates revenue primarily through ticket sales for movie screenings, which constitute the bulk of its income. Additionally, the company earns money from the sale of food and beverages, which often have high margins. Advertising partnerships and promotions within its cinema locations also contribute significantly to its revenue stream. The company may engage in strategic collaborations with film producers and distributors for exclusive screenings or promotional events, further enhancing its income potential. Seasonal promotions and loyalty programs help drive repeat business, thereby stabilizing and potentially increasing revenue over time.

PVR Inox Limited Financial Statement Overview

Summary

PVR Inox Limited shows a mixed financial picture. Strong gross margins and positive operating cash flow are offset by challenges in profitability and high leverage. The company needs to address its net income issues and manage debt levels to improve financial health.

Income Statement

PVR Inox Limited's income statement shows mixed results. The gross profit margin is relatively strong, indicating effective cost management. However, the company has faced challenges with profitability, evident from negative net income in recent years. Revenue growth has been inconsistent, posing challenges for sustainable growth.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio is high, indicating potential leverage risks, but the equity ratio shows some financial stability. Return on equity is negative due to net losses, which is a concern for shareholders.

Cash Flow

The cash flow statement shows positive operating cash flow, which is a positive sign for liquidity. The company has managed to generate free cash flow, although growth has been volatile. The ratio of operating cash flow to net income is favorable, suggesting good cash conversion.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	60.58B	57.80B	61.07B	37.51B	13.29B	2.80B
Gross Profit	37.85B	36.28B	38.35B	25.05B	8.67B	1.72B
EBITDA	12.90B	7.17B	10.31B	5.84B	-2.58B	-6.75B
Net Income	-1.55B	-2.80B	-320.00M	-3.35B	-4.88B	-7.48B
Balance Sheet
Total Assets	0.00	162.62B	168.20B	164.76B	73.26B	75.03B
Cash, Cash Equivalents and Short-Term Investments	5.29B	5.29B	3.90B	3.62B	5.60B	7.15B
Total Debt	0.00	77.75B	83.03B	80.52B	51.96B	50.03B
Total Liabilities	-70.53B	92.09B	94.97B	91.47B	59.56B	56.69B
Stockholders Equity	70.53B	70.52B	73.23B	73.30B	13.70B	18.33B
Cash Flow
Free Cash Flow	0.00	16.33B	13.45B	2.28B	418.90M	-5.29B
Operating Cash Flow	0.00	19.67B	19.79B	8.64B	1.67B	-4.13B
Investing Cash Flow	0.00	-3.03B	-6.27B	-5.76B	-28.10M	-2.89B
Financing Cash Flow	0.00	-15.35B	-12.93B	-6.93B	-2.17B	10.75B

PVR Inox Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1158.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PVRINOX, the sentiment is Negative. The current price of 1158.3 is above the 20-day moving average (MA) of 1039.19, above the 50-day MA of 1013.30, and above the 200-day MA of 1051.67, indicating a neutral trend. The MACD of 1.29 indicates Positive momentum. The RSI at 49.61 is Neutral, neither overbought nor oversold. The STOCH value of 77.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PVRINOX.

PVR Inox Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MSTCLTD	64 Neutral	₹31.06B	17.92	―	9.28%	-48.50%	92.06%
PVRINOX	60 Neutral	₹100.48B	26.04	―	―	11.47%	87.83%
HLVLTD	59 Neutral	₹5.13B	21.81	―	―	-3.91%	-69.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
STCINDIA	48 Neutral	₹6.59B	11.60	―	―	―	―
NETWORK18	45 Neutral	₹50.53B	-277.61	―	―	-68.47%	-145.26%

PVR Inox Limited Corporate Events

PVR INOX Files Q3 and Nine-Month FY26 Investor Update with Exchanges

PVR INOX Limited has submitted its investor presentation for the third quarter and nine-month period ended 31 December 2025 to the National Stock Exchange of India and BSE, providing an update on its financial and operational performance for FY 2025-26 to shareholders and market participants. The disclosure underscores the company’s ongoing engagement with capital markets and regulatory compliance, ensuring that investors have access to its latest quarterly and year-to-date business information, which can inform assessments of its recovery trajectory, profitability, and strategic direction in the cinema exhibition sector.

PVR INOX Posts Record Post-Pandemic Earnings and Slashes Net Debt as Admissions Rise

PVR INOX Limited reported strong financial and operating performance for the quarter and nine months ended 31 December 2025, with quarterly revenue of INR 19,077 million, EBITDA of INR 3,435 million and profit after tax of INR 1,149 million (excluding Ind AS 116 impact). The quarter saw 40.5 million admissions, up 8.6% year-on-year, alongside higher average ticket prices and food and beverage spend per head, while net debt fell to its lowest level since the merger at INR 3,652 million, reflecting a 74% reduction. For the nine-month period, the company delivered its highest post-pandemic revenue, EBITDA and profit, supported by record admissions and improved yield metrics, and continued its footprint expansion with 62 new screens across 12 cinemas, including a significant push into FOCO and asset-light formats. These results underscore a robust recovery in cinema-going demand, improved profitability, and a balance-sheet strengthening that positions PVR INOX for further growth and greater operating leverage in India’s multiplex exhibition market.

PVR Inox Schedules Investor Meetings at Nuvama India Conference

PVR Inox will field representatives at the in-person Nuvama India Conference 2026 in Mumbai on February 9, engaging investors in both one-on-one and group meetings while confirming that no unpublished price-sensitive information will be disclosed. The appearance under SEBI disclosure norms underscores the exhibitor’s intent to maintain transparent investor relations and keep markets informed of its ongoing engagement with institutional stakeholders.

PVR Inox Sells 4700BC Popcorn Owner Zea Maize to Marico for Rs 226.8 Crore

PVR Inox Limited has approved the divestment of its entire 93.27% stake in subsidiary Zea Maize Private Limited, owner of the gourmet popcorn brand 4700BC, to consumer goods company Marico Limited for Rs 226.8 crore. The business being sold is non-material to PVR Inox, contributing only 1.71% of its FY revenue and 0.42% of net worth, and the transaction, which is not a related-party deal, is expected to close within 30 days subject to customary conditions, marking a strategic exit from a small food subsidiary and allowing PVR Inox to streamline its portfolio while 4700BC transitions to a larger FMCG platform.

PVR INOX Sells 4700BC Snacking Business to Marico for ₹226.8 Crore

PVR INOX Limited has signed definitive agreements to sell its entire stake in its subsidiary Zea Maize Private Limited, owner of the premium snacking brand 4700BC, to Marico Limited for an all-cash consideration of INR 226.8 crore. The divestment, which follows a strategic review, is aimed at unlocking shareholder value, strengthening PVR INOX’s balance sheet, and reallocating capital toward its core cinema exhibition business, with the company stating that the deal will not materially affect its in-cinema food and beverage revenues and is expected to be accretive to profit, free cash flow, and return ratios, while allowing 4700BC to leverage Marico’s FMCG scale, distribution, and innovation capabilities for its next phase of growth.

PVR INOX Launches Hyderabad’s First 11-Screen Superplex at Inorbit Mall

PVR INOX Limited has expanded its presence in Hyderabad by opening an 11-screen Superplex at Inorbit Mall, Cyberabad, marking the city’s first Superplex. This new development includes five additional screens featuring premium formats such as Luxe, PXL, and 4DX, enhancing the cinematic experience with advanced technology and comfort. The expansion strengthens PVR INOX’s market position in South India and offers a diverse range of viewing options for modern audiences, reinforcing its commitment to delivering high-quality entertainment experiences.