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INOX Leisure

BSE:532706
Snowflake Description

Solid track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532706
BSE
₹29B
Market Cap
  1. Home
  2. IN
  3. Media
Company description

INOX Leisure Limited operates and manages multiplexes and cinema theatres under the INOX brand name in India. The last earnings update was 47 days ago. More info.


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532706 Share Price and Events
7 Day Returns
-6.3%
BSE:532706
-2.4%
IN Entertainment
-0.3%
IN Market
1 Year Returns
12.4%
BSE:532706
-14.3%
IN Entertainment
3.3%
IN Market
532706 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
INOX Leisure (532706) -6.3% 4% 18.9% 12.4% 50.8% 167.8%
IN Entertainment -2.4% 7.5% -0.3% -14.3% 12.1% 57.2%
IN Market -0.3% 6.5% 2.8% 3.3% 42.8% 75.4%
1 Year Return vs Industry and Market
  • 532706 outperformed the Entertainment industry which returned -14.3% over the past year.
  • 532706 outperformed the Market in India which returned 3.3% over the past year.
Price Volatility
532706
Industry
5yr Volatility vs Market

Value

 Is INOX Leisure undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of INOX Leisure to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for INOX Leisure.

BSE:532706 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532706
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.967 (1 + (1- 35%) (8.81%))
1.015
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.015 * 8.6%)
16.28%

Discounted Cash Flow Calculation for BSE:532706 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for INOX Leisure is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532706 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.28%)
2019 932.41 Est @ 94% 801.89
2020 1,567.09 Est @ 68.07% 1,159.05
2021 2,349.27 Est @ 49.91% 1,494.33
2022 3,223.29 Est @ 37.2% 1,763.27
2023 4,135.74 Est @ 28.31% 1,945.71
2024 5,048.93 Est @ 22.08% 2,042.81
2025 5,943.66 Est @ 17.72% 2,068.18
2026 6,815.59 Est @ 14.67% 2,039.59
2027 7,669.86 Est @ 12.53% 1,973.93
2028 8,516.52 Est @ 11.04% 1,885.00
Present value of next 10 years cash flows ₹17,173.77
BSE:532706 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹8,516.52 × (1 + 7.55%) ÷ (16.28% – 7.55%)
₹104,951.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹104,951.99 ÷ (1 + 16.28%)10
₹23,229.51
BSE:532706 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹17,173.77 + ₹23,229.51
₹40,403.27
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹40,403.27 / 98.21
₹411.39
BSE:532706 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹411.39
Current discount Discount to share price of ₹293.80
= -1 x (₹293.80 - ₹411.39) / ₹411.39
28.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price INOX Leisure is available for.
Intrinsic value
29%
Share price is ₹293.8 vs Future cash flow value of ₹411.39
Current Discount Checks
For INOX Leisure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • INOX Leisure's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • INOX Leisure's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for INOX Leisure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are INOX Leisure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532706 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹15.50
BSE:532706 Share Price ** BSE (2019-03-22) in INR ₹293.8
India Entertainment Industry PE Ratio Median Figure of 27 Publicly-Listed Entertainment Companies 18.96x
India Market PE Ratio Median Figure of 2,730 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of INOX Leisure.

BSE:532706 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532706 Share Price ÷ EPS (both in INR)

= 293.8 ÷ 15.50

18.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INOX Leisure is good value based on earnings compared to the IN Entertainment industry average.
  • INOX Leisure is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does INOX Leisure's expected growth come at a high price?
Raw Data
BSE:532706 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
23.2%per year
Asia Entertainment Industry PEG Ratio Median Figure of 9 Publicly-Listed Entertainment Companies 1.23x
India Market PEG Ratio Median Figure of 595 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

BSE:532706 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.96x ÷ 23.2%

0.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INOX Leisure is good value based on expected growth next year.
Price based on value of assets
What value do investors place on INOX Leisure's assets?
Raw Data
BSE:532706 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹78.13
BSE:532706 Share Price * BSE (2019-03-22) in INR ₹293.8
India Entertainment Industry PB Ratio Median Figure of 57 Publicly-Listed Entertainment Companies 0.58x
India Market PB Ratio Median Figure of 3,621 Publicly-Listed Companies 1.11x
BSE:532706 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532706 Share Price ÷ Book Value per Share (both in INR)

= 293.8 ÷ 78.13

3.76x

* Primary Listing of INOX Leisure.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • INOX Leisure is overvalued based on assets compared to the IN Entertainment industry average.
X
Value checks
We assess INOX Leisure's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. INOX Leisure has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is INOX Leisure expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is INOX Leisure expected to grow at an attractive rate?
  • INOX Leisure's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • INOX Leisure's earnings growth is expected to exceed the India market average.
  • INOX Leisure's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532706 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532706 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 23.2%
BSE:532706 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 18.3%
India Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 30.3%
India Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 17.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532706 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532706 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 22,928 3,474 1,821 3
2020-03-31 19,470 2,888 1,341 3
2019-03-31 16,139 2,303 932 3
BSE:532706 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 15,369 1,431
2018-09-30 14,297 1,198
2018-06-30 13,757 1,195
2018-03-31 13,481 2,111 1,146
2017-12-31 13,130 573
2017-09-30 12,851 479
2017-06-30 12,712 377
2017-03-31 12,207 1,080 306
2016-12-31 13,567 442
2016-09-30 13,567 575
2016-06-30 13,671 772
2016-03-31 11,606 1,691 810

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • INOX Leisure's earnings are expected to grow significantly at over 20% yearly.
  • INOX Leisure's revenue is expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532706 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from INOX Leisure Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532706 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 17.75 19.51 16.00 2.00
2020-03-31 13.08 13.56 12.60 2.00
2019-03-31 9.06 9.32 8.80 2.00
BSE:532706 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 15.50
2018-09-30 13.04
2018-06-30 13.03
2018-03-31 12.49
2017-12-31 6.23
2017-09-30 5.21
2017-06-30 4.11
2017-03-31 3.33
2016-12-31 4.81
2016-09-30 6.26
2016-06-30 8.39
2016-03-31 8.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • INOX Leisure is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess INOX Leisure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
INOX Leisure has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has INOX Leisure performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare INOX Leisure's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • INOX Leisure has delivered over 20% year on year earnings growth in the past 5 years.
  • INOX Leisure's 1-year earnings growth exceeds its 5-year average (149.8% vs 29.9%)
  • INOX Leisure's earnings growth has exceeded the IN Entertainment industry average in the past year (149.8% vs 21.4%).
Earnings and Revenue History
INOX Leisure's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from INOX Leisure Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532706 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 15,369.48 1,430.99 4,259.67
2018-09-30 14,297.18 1,198.19 4,044.57
2018-06-30 13,756.70 1,195.30 996.90
2018-03-31 13,481.18 1,146.29 3,768.47
2017-12-31 13,129.94 572.85 3,468.86
2017-09-30 12,851.04 478.65 3,434.96
2017-06-30 12,712.24 377.45 3,420.06
2017-03-31 12,207.14 306.15 3,406.96
2016-12-31 13,567.46 441.90 3,241.82
2016-09-30 13,566.86 574.90 3,154.72
2016-06-30 13,670.80 771.70 2,947.70
2016-03-31 11,605.67 810.43 2,976.95
2015-12-31 12,635.23 573.08 3,659.38
2015-09-30 12,225.63 559.98 3,591.78
2015-06-30 11,331.23 407.18 3,492.58
2015-03-31 10,168.13 200.38 2,514.39
2014-12-31 9,900.09 256.36 2,982.14
2014-09-30 8,988.09 178.16 2,810.34
2014-06-30 8,728.30 272.90 1,947.70
2014-03-31 8,688.29 369.36 2,589.92
2013-12-31 8,396.28 358.48 2,077.57
2013-09-30 8,309.56 296.06 2,282.82
2013-06-30 7,940.21 237.81 1,882.57
2013-03-31 7,652.86 184.46 2,152.63
2012-03-31 6,448.56 42.25 1,941.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • INOX Leisure has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • INOX Leisure used its assets more efficiently than the IN Entertainment industry average last year based on Return on Assets.
  • INOX Leisure has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess INOX Leisure's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
INOX Leisure has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is INOX Leisure's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up INOX Leisure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • INOX Leisure's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • INOX Leisure's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of INOX Leisure's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from INOX Leisure Company Filings, last reported 2 months ago.

BSE:532706 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,194.30 2,542.80 143.20
2018-09-30 7,194.30 2,542.80 143.20
2018-06-30 6,696.20 2,524.00 274.20
2018-03-31 6,696.19 2,919.30 269.48
2017-12-31 5,970.30 2,699.90 865.00
2017-09-30 5,970.30 2,699.90 865.00
2017-06-30 5,525.43 3,169.64 235.13
2017-03-31 5,525.43 3,169.64 235.13
2016-12-31 5,498.90 1,994.40 163.90
2016-09-30 5,498.90 1,994.40 163.90
2016-06-30 5,907.60 2,420.60 426.10
2016-03-31 5,222.79 2,670.42 423.17
2015-12-31 7,219.60 2,126.00 467.40
2015-09-30 7,219.60 2,126.00 467.40
2015-06-30 6,761.91 2,411.90 194.62
2015-03-31 6,761.91 2,411.90 194.62
2014-12-31 5,555.70 4,604.80 1,305.10
2014-09-30 5,555.70 4,604.80 1,305.10
2014-06-30 3,909.00 2,237.10 192.90
2014-03-31 3,909.01 2,421.74 191.08
2013-12-31
2013-09-30 5,323.60 2,118.30 219.50
2013-06-30
2013-03-31 3,245.77 2,809.94 233.34
2012-03-31 3,703.54 2,439.49 299.03
  • INOX Leisure's level of debt (35.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (49.4% vs 35.3% today).
  • Debt is well covered by operating cash flow (83%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.1x coverage).
X
Financial health checks
We assess INOX Leisure's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. INOX Leisure has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is INOX Leisure's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from INOX Leisure dividends.
If you bought ₹2,000 of INOX Leisure shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate INOX Leisure's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate INOX Leisure's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532706 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
India Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1399 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532706 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31
BSE:532706 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2010-05-21 0.000 0.000
2010-01-25 0.000 0.000
2009-09-30 0.000 0.000
2009-07-31 0.000 0.000
2009-05-21 0.000 0.000
2009-03-25 1.000 3.079

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as INOX Leisure has not reported any payouts.
  • Unable to verify if INOX Leisure's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of INOX Leisure's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as INOX Leisure has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess INOX Leisure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can INOX Leisure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. INOX Leisure has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of INOX Leisure's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alok Tandon
COMPENSATION ₹0
TENURE AS CEO 9.9 years
CEO Bio

Mr. Alok Tandon has been the Chief Executive Officer of INOX Leisure Limited since April 2009 and its Manager since June 18, 2007. Mr. Tandon serves as the Chief Operating Officer of Inox Leasing and Finance Limited. Mr. Tandon has been a Manager of Gujarat Fluorochemicals Ltd. since June 18, 2007 and serves as its Chief Operating Officer. Mr. Tandon served as the Chief Operating Officer of INOX Leisure Limited since May 2005 and was responsible including managing operations, technical resources, business development, overseeing new constructions and IT initiatives. Mr. Tandon served as a Vice President of Technical of Inox Leisure Ltd. since 2001. He is an Engineer with over 20 years of work experience in Hoechst, ITC Welcomgroup & the Oberoi Group.

CEO Compensation
  • Insufficient data for Alok to compare compensation growth.
  • Alok's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure of the INOX Leisure management team in years:

6.3
Average Tenure
  • The average tenure for the INOX Leisure management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alok Tandon

TITLE
Chief Executive Officer
TENURE
9.9 yrs

Kailash Gupta

TITLE
Chief Financial Officer
TENURE
2.6 yrs

Daizy Lal Puri

TITLE
Chief Operating Officer

Jitender Verma

TITLE
Chief Information Officer

Parthasarathy Iyengar

TITLE
Company Secretary & Compliance Officer
TENURE
0.8 yrs

Saurabh Varma

TITLE
Chief Marketing Officer

Yammanuru Muralikrishna

TITLE
Chief People Officer
TENURE
13.5 yrs

Rajender Singh Jyala

TITLE
Chief Programming Officer

Shirish Handa

TITLE
Chief Business Development Officer
Board of Directors Tenure

Average tenure and age of the INOX Leisure board of directors in years:

11.4
Average Tenure
54.5
Average Age
  • The average tenure for the INOX Leisure board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Pavan Jain

TITLE
Non-Executive Chairman
COMPENSATION
₹100K
AGE
67

Haigreve Khaitan

TITLE
Non-Executive Independent Director
COMPENSATION
₹180K
AGE
48
TENURE
11.4 yrs

Vivek Jain

TITLE
Non-Executive Director
COMPENSATION
₹20K
AGE
63
TENURE
19.5 yrs

Siddharth Jain

TITLE
Non-Executive Director
COMPENSATION
₹140K
AGE
40
TENURE
14.5 yrs

Deepak Asher

TITLE
Non-Executive Director
COMPENSATION
₹3M
AGE
59
TENURE
19.2 yrs

Amit Jatia

TITLE
Non-Executive Independent Director
COMPENSATION
₹160K
AGE
51
TENURE
7.8 yrs

Kishore Biyani

TITLE
Non-Executive Independent Director
COMPENSATION
₹180K
AGE
58
TENURE
5.4 yrs

Girija Balakrishnan

TITLE
Non-Executive Independent Director
COMPENSATION
₹60K
AGE
49
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • INOX Leisure insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
01. Mar 19 Sell Alok Tandon Individual 28. Feb 19 28. Feb 19 -5,000 ₹272.35 ₹-1,361,728
X
Management checks
We assess INOX Leisure's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. INOX Leisure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Will INOX Leisure Limited's (BOM:532706) Earnings Grow In The Years Ahead?

The latest earnings update INOX Leisure Limited (BOM:532706) released in March 2018a … tailwind, more than doubling its earnings from the prior year.

Simply Wall St -

Company Info

Description

INOX Leisure Limited operates and manages multiplexes and cinema theatres under the INOX brand name in India. As of March 17, 2019, it operated 137 multiplexes and 563 screens in 67 cities. The company was founded in 1999 and is based in Mumbai, India. INOX Leisure Limited is a subsidiary of Gujarat Fluorochemicals Limited.

Details
Name: INOX Leisure Limited
532706
Exchange: BSE
Founded: 1999
₹28,854,879,801
98,212,661
Website: http://www.inoxmovies.com
Address: INOX Leisure Limited
Viraj Towers,
5th Floor,
Mumbai,
Maharashtra, 400093,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532706 Equity Shares Mumbai Stock Exchange IN INR 23. Feb 2006
NSEI INOXLEISUR Equity Shares National Stock Exchange of India IN INR 23. Feb 2006
Number of employees
Current staff
Staff numbers
1,796
INOX Leisure employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 12:42
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.