NSEI:PVR

Stock Analysis Report

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Executive Summary

PVR Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies.


Snowflake Analysis

High growth potential with questionable track record.

Share Price & News

How has PVR's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PVR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.6%

PVR

0.1%

IN Entertainment

1.3%

IN Market


1 Year Return

-38.4%

PVR

-32.3%

IN Entertainment

-8.7%

IN Market

Return vs Industry: PVR underperformed the Indian Entertainment industry which returned -32.3% over the past year.

Return vs Market: PVR underperformed the Indian Market which returned -9% over the past year.


Shareholder returns

PVRIndustryMarket
7 Day0.6%0.1%1.3%
30 Day-3.4%0.7%6.6%
90 Day2.6%12.4%30.2%
1 Year-38.2%-38.4%-31.8%-32.3%-7.0%-8.7%
3 Year-26.8%-27.2%-43.5%-44.6%1.7%-3.0%
5 Year52.9%51.5%-28.1%-30.6%27.6%17.9%

Price Volatility Vs. Market

How volatile is PVR's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PVR undervalued compared to its fair value and its price relative to the market?

187.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PVR (₹1032.7) is trading above our estimate of fair value (₹297.22)

Significantly Below Fair Value: PVR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PVR is poor value based on its PE Ratio (187.8x) compared to the Entertainment industry average (16.8x).

PE vs Market: PVR is poor value based on its PE Ratio (187.8x) compared to the Indian market (12.4x).


Price to Earnings Growth Ratio

PEG Ratio: PVR is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: PVR is overvalued based on its PB Ratio (3.4x) compared to the IN Entertainment industry average (0.5x).


Next Steps

Future Growth

How is PVR forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

46.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVR's forecast earnings growth (46.6% per year) is above the savings rate (7.2%).

Earnings vs Market: PVR's earnings (46.6% per year) are forecast to grow faster than the Indian market (18.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PVR's revenue (10.4% per year) is forecast to grow faster than the Indian market (7.2% per year).

High Growth Revenue: PVR's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PVR's Return on Equity is forecast to be high in 3 years time (33.2%)


Next Steps

Past Performance

How has PVR performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVR has high quality earnings.

Growing Profit Margin: PVR's current net profit margins (0.8%) are lower than last year (5.9%).


Past Earnings Growth Analysis

Earnings Trend: PVR's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: PVR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PVR had negative earnings growth (-85.1%) over the past year, making it difficult to compare to the Entertainment industry average (-18.6%).


Return on Equity

High ROE: PVR's Return on Equity (1.8%) is considered low.


Next Steps

Financial Health

How is PVR's financial position?


Financial Position Analysis

Short Term Liabilities: PVR's short term assets (₹7.5B) do not cover its short term liabilities (₹12.9B).

Long Term Liabilities: PVR's short term assets (₹7.5B) do not cover its long term liabilities (₹46.6B).


Debt to Equity History and Analysis

Debt Level: PVR's debt to equity ratio (74.4%) is considered high.

Reducing Debt: PVR's debt to equity ratio has reduced from 166.5% to 74.4% over the past 5 years.

Debt Coverage: PVR's debt is well covered by operating cash flow (71.5%).

Interest Coverage: PVR's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

What is PVR current dividend yield, its reliability and sustainability?

0.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PVR's dividend (0.39%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.69%).

High Dividend: PVR's dividend (0.39%) is low compared to the top 25% of dividend payers in the Indian market (2.86%).


Stability and Growth of Payments

Stable Dividend: PVR's dividend payments have been volatile in the past 10 years.

Growing Dividend: PVR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (72.7%), PVR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PVR's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Ajay Bijli (53yo)

no data

Tenure

₹162,573,110

Compensation

Mr. Ajay Bijli, B.Com, OPMP serves as Managing Director at Cinemax India Limited since January 30, 2013. Mr. Bijli served as Director of iPic Entertainment Inc. since January 24, 2018 until July 20, 2018.  ...


CEO Compensation Analysis

Compensation vs Market: Ajay's total compensation ($USD2.18M) is above average for companies of similar size in the Indian market ($USD380.82K).

Compensation vs Earnings: Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ajay Bijli
Promoterno data₹162.57m10.73% 5.7b
Sanjeev Kumar
Promoter17yrs₹106.28m7.28% 3.9b
Nitin Sood
Chief Financial Officerno data₹55.55m0.055% 28.9m
Pankaj Dhawan
Compliance Officer & Company Secretary3.17yrs₹5.12mno data
Gautam Dutta
Chief Executive Officer1.5yrs₹2.05m0.088% 46.8m
Rajat Tyagi
Chief Information Officerno datano datano data
Sunil Kumar
Chief Human Resource Officerno datano datano data
Renaud Palliere
Chief Executive Officer of International Developmentno data₹40.00kno data
Kamal Gianchandani
Chief of Strategyno data₹2.05mno data
Rahul Singh
Chief Operating Officer of PVR Cinemas3.75yrsno datano data

3.2yrs

Average Tenure

48yo

Average Age

Experienced Management: PVR's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ajay Bijli
Promoterno data₹162.57m10.73% 5.7b
Sanjeev Kumar
Promoter17yrs₹106.28m7.28% 3.9b
Renuka Ramnath
Non-Executive Non Independent Director7.5yrsno datano data
Deepa Harris
Independent Woman Director1.33yrsno datano data
Vikram Bakshi
Non Executive Independent Director14.83yrs₹850.00kno data
Anish Saraf
Additional Non Executive Director0.083yrno datano data
Sanjai Vohra
Non-Executive Independent Director8.83yrs₹2.40m0.0024% 1.3m
Pallavi Shroff
Independent Director0.75yrno datano data

7.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PVR's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


Top Shareholders

Company Information

PVR Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PVR Limited
  • Ticker: PVR
  • Exchange: NSEI
  • Founded: 1995
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: ₹53.028b
  • Shares outstanding: 51.35m
  • Website: https://www.pvrcinemas.com

Number of Employees


Location

  • PVR Limited
  • Block A, Building No. 9
  • 4th Floor
  • Gurugram
  • Haryana
  • 122002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532689BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2006
PVRNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2006

Biography

PVR Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies. The company is also involved in the in-house advertisement, sale of food and beverages, bowling, and restaurant businesses. As of March 14, 2020, it operated a network of 845 screens at 176 properties in 71 cities in India and Sri Lanka. The company was founded in 1995 and is based in Gurugram, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 12:37
End of Day Share Price2020/07/03 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.