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PVR

NSEI:PVR
Snowflake Description

Solid track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PVR
NSEI
₹76B
Market Cap
  1. Home
  2. IN
  3. Media
Company description

PVR Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies in India. The last earnings update was 59 days ago. More info.


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PVR Share Price and Events
7 Day Returns
-1%
NSEI:PVR
-2.4%
IN Entertainment
-0.3%
IN Market
1 Year Returns
31.5%
NSEI:PVR
-14.3%
IN Entertainment
3.3%
IN Market
PVR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PVR (PVR) -1% 8.3% 4.6% 31.5% 126.5% 236.4%
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
  • PVR outperformed the Entertainment industry which returned -14.3% over the past year.
  • PVR outperformed the Market in India which returned 3.3% over the past year.
Price Volatility
PVR
Industry
5yr Volatility vs Market

PVR Value

 Is PVR 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 PVR 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 PVR.

NSEI:PVR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16.5%
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 NSEI:PVR
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%) (14.36%))
1.038
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.038 * 8.6%)
16.48%

Discounted Cash Flow Calculation for NSEI:PVR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PVR 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.

NSEI:PVR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 16.48%)
2019 -7,677.33 Analyst x3 -6,591.22
2020 1,289.75 Analyst x2 950.64
2021 1,296.12 Analyst x5 820.18
2022 1,329.94 Est @ 2.61% 722.53
2023 1,384.36 Est @ 4.09% 645.69
2024 1,455.37 Est @ 5.13% 582.78
2025 1,540.59 Est @ 5.86% 529.63
2026 1,638.63 Est @ 6.36% 483.64
2027 1,748.75 Est @ 6.72% 443.12
2028 1,870.61 Est @ 6.97% 406.95
Present value of next 10 years cash flows ₹-1,006.05
NSEI:PVR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹1,870.61 × (1 + 7.55%) ÷ (16.48% – 7.55%)
₹22,533.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹22,533.56 ÷ (1 + 16.48%)10
₹4,902.11
NSEI:PVR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹-1,006.05 + ₹4,902.11
₹3,896.06
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,896.06 / 46.74
₹83.36
NSEI:PVR Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹83.36
Current discount Discount to share price of ₹1,615.40
= -1 x (₹1,615.40 - ₹83.36) / ₹83.36
-1837.9%

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

  • The current share price of PVR is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 PVR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PVR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:PVR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹35.03
NSEI:PVR Share Price ** NSEI (2019-03-22) in INR ₹1615.4
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 PVR.

NSEI:PVR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:PVR Share Price ÷ EPS (both in INR)

= 1615.4 ÷ 35.03

46.11x

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

  • PVR is overvalued based on earnings compared to the IN Entertainment industry average.
  • PVR is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does PVR's expected growth come at a high price?
Raw Data
NSEI:PVR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
24.5%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 .

NSEI:PVR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 46.11x ÷ 24.5%

1.88x

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

  • PVR is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PVR's assets?
Raw Data
NSEI:PVR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹244.49
NSEI:PVR Share Price * NSEI (2019-03-22) in INR ₹1615.4
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
NSEI:PVR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:PVR Share Price ÷ Book Value per Share (both in INR)

= 1615.4 ÷ 244.49

6.61x

* Primary Listing of PVR.

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

  • PVR is overvalued based on assets compared to the IN Entertainment industry average.
X
Value checks
We assess PVR'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. PVR has a total score of 0/6, 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.

PVR Future Performance

 How is PVR expected to perform in the next 1 to 3 years based on estimates from 18 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
24.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PVR expected to grow at an attractive rate?
  • PVR's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • PVR's earnings growth is expected to exceed the India market average.
  • PVR's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:PVR Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:PVR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 24.5%
NSEI:PVR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 16.3%
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
NSEI:PVR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:PVR Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 41,107 6,457 2,764 16
2020-03-31 35,960 5,418 2,276 18
2019-03-31 30,072 7,417 1,732 17
NSEI:PVR Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 28,328 1,631
2018-09-30 25,470 1,402
2018-06-30 23,938 1,324
2018-03-31 23,341 4,463 1,247
2017-12-31 22,318 985
2017-09-30 22,054 935
2017-06-30 21,938 975
2017-03-31 21,194 3,196 958
2016-12-31 20,699 1,103
2016-09-30 20,326 1,165
2016-06-30 19,510 1,180
2016-03-31 18,496 3,543 986

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PVR's earnings are expected to grow significantly at over 20% yearly.
  • PVR's revenue is expected to grow by 16.3% 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
NSEI:PVR 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 18 Analyst Estimates (S&P Global) See Below

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

NSEI:PVR Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 58.17 70.80 40.00 14.00
2020-03-31 47.71 57.73 35.90 16.00
2019-03-31 36.71 39.80 34.10 15.00
NSEI:PVR Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 35.03
2018-09-30 30.01
2018-06-30 28.33
2018-03-31 26.68
2017-12-31 21.13
2017-09-30 19.91
2017-06-30 20.88
2017-03-31 20.50
2016-12-31 23.46
2016-09-30 24.97
2016-06-30 25.38
2016-03-31 21.89

*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.
  • PVR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PVR'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.
PVR 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.

PVR Past Performance

  How has PVR 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 PVR'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.
  • PVR has delivered over 20% year on year earnings growth in the past 5 years.
  • PVR's 1-year earnings growth exceeds its 5-year average (65.5% vs 22.4%)
  • PVR's earnings growth has exceeded the IN Entertainment industry average in the past year (65.5% vs 21.4%).
Earnings and Revenue History
PVR'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 PVR Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:PVR 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 28,328.30 1,630.50 7,669.00
2018-09-30 25,469.70 1,402.40 7,333.60
2018-06-30 23,937.80 1,323.90 2,603.10
2018-03-31 23,341.10 1,247.00 7,088.00
2017-12-31 22,317.80 985.10 6,748.50
2017-09-30 22,054.10 935.30 6,702.50
2017-06-30 21,938.20 974.90 6,659.90
2017-03-31 21,194.30 957.90 6,581.90
2016-12-31 20,698.90 1,102.60 6,051.10
2016-09-30 20,326.40 1,165.20 5,885.70
2016-06-30 19,509.60 1,180.30 5,648.70
2016-03-31 18,495.60 986.20 5,537.70
2015-12-31 17,564.00 933.30 3,907.50
2015-09-30 16,758.60 950.00 3,743.30
2015-06-30 16,005.30 631.50 3,479.50
2015-03-31 14,771.20 127.60 4,522.70
2014-12-31 14,942.10 491.50 3,548.50
2014-09-30 14,109.40 317.60 3,460.30
2014-06-30 13,747.50 501.10 3,319.40
2014-03-31 13,481.10 560.50 3,203.80
2013-12-31 12,688.04 670.35 4,965.33
2013-09-30 11,321.44 620.05 4,647.83
2013-06-30 9,611.50 505.40 944.20
2013-03-31 8,063.90 445.00 1,926.90
2012-12-31 6,732.12 195.21 2,640.50
2012-09-30 6,102.32 193.91 2,604.80
2012-06-30 5,679.40 174.90 591.10
2012-03-31 5,177.36 254.11 2,554.43

*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.
  • PVR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PVR used its assets more efficiently than the IN Entertainment industry average last year based on Return on Assets.
  • PVR has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PVR'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.
PVR 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.

PVR Health

 How is PVR'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 PVR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PVR's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • PVR's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PVR'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 0.4x 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 PVR Company Filings, last reported 2 months ago.

NSEI:PVR Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13,955.70 10,842.70 1,515.70
2018-09-30 13,955.70 10,842.70 1,515.70
2018-06-30 10,761.70 6,613.90 666.60
2018-03-31 10,761.70 8,305.10 327.10
2017-12-31 10,283.10 7,277.40 1,167.90
2017-09-30 10,283.10 7,277.40 1,167.90
2017-06-30 10,055.10 8,195.80 299.00
2017-03-31 10,055.10 8,195.80 298.20
2016-12-31 9,844.00 6,477.70 707.60
2016-09-30 9,844.00 6,477.70 707.60
2016-06-30 9,095.90 6,622.90 2,671.30
2016-03-31 9,213.20 6,600.20 2,671.30
2015-12-31 9,005.30 5,895.60 3,456.60
2015-09-30 9,005.30 5,895.60 3,456.60
2015-06-30 4,475.10 6,674.60 261.10
2015-03-31 4,475.10 7,470.10 257.30
2014-12-31 4,874.90 5,646.40 541.70
2014-09-30 4,874.90 5,646.40 541.70
2014-06-30 4,764.00 6,133.60 492.60
2014-03-31 4,764.00 6,133.40 492.60
2013-12-31 7,791.40 5,273.80 656.80
2013-09-30 7,791.40 5,273.80 656.80
2013-06-30 7,281.70 6,014.30 731.50
2013-03-31 7,281.70 6,566.00 730.90
2012-12-31 3,922.30 2,246.70 1,029.40
2012-09-30 3,922.30 2,246.70 1,029.40
2012-06-30 2,969.70 1,737.30 211.10
2012-03-31 2,969.71 2,033.00 216.48
  • PVR's level of debt (77.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (68.1% vs 77.7% today).
  • Debt is well covered by operating cash flow (41.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess PVR'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. PVR has a total score of 2/6, 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.

PVR Dividends

 What is PVR'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
0.12%
Current annual income from PVR dividends. Estimated to be 0.17% next year.
If you bought ₹2,000 of PVR shares you are expected to receive ₹2 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?
  • PVR's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • PVR's dividend is below the markets top 25% of dividend payers in India (1.91%).
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
NSEI:PVR 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 18 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.

NSEI:PVR Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 3.04 11.00
2020-03-31 2.71 12.00
2019-03-31 2.42 12.00
NSEI:PVR Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-09-24 2.000 0.136
2018-05-04 2.000 0.152
2017-05-30 2.000 0.147
2016-07-29 2.000 0.159
2016-05-27 2.000 0.204
2015-05-29 1.000 0.129
2014-09-29 2.500 0.367
2013-09-04 1.000 0.176
2013-05-28 1.000 0.292
2012-05-29 2.000 0.888
2011-08-08 1.000 0.748
2010-07-30 1.000 0.784
2010-05-28 1.000 0.647
2009-06-01 1.000 0.706
2009-05-29 1.000 0.845
2009-03-25 1.000 1.156

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

  • PVR is not paying a notable dividend for India, therefore no need to check if the payments are stable.
  • PVR is not paying a notable dividend for India, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of PVR's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of PVR's dividends as it is not paying a notable one for India.
Future Payout to shareholders
  • No need to calculate the sustainability of PVR's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess PVR'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 PVR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PVR 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.

PVR Management

 What is the CEO of PVR'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
Ajay Bijli
COMPENSATION ₹84,690,000
AGE 51
CEO Bio

Mr. Ajay Bijli, B.Com, OPMP has been the Managing Director of Cinemax India Limited since January 30, 2013. Mr. Bijli served as Director of iPic Entertainment Inc. since January 24, 2018 until July 20, 2018. Mr. Bijli established PVR in 1995. He serves as the Chairman and Joint Managing Director at PVR Pictures Ltd. He has over 22 years of experience in the movie exhibition industry. He is a Prompter and Founder of at PVR Limited and also serves as its Chairman and Managing Director. He has been Director at Cinemax India Limited since January 30, 2013. Mr. Bijli serves on the Board of Trustees of the Mumbai Academy of the Moving Image and he is the founding member of FICCI Multiplex Association (India). He is also a member of The Film and TV Producers Guild (India), Young Presidents’ Organization and is associated with the Central Board of Film Certification, Government of India. He is recognised as the pioneer of the multiplex industry in India Awarded the “E&Y Entrepreneurial Award 2013 for Business Transformation” and CNBC’s Emerging India Awards in the same year. Acknowledging his business acumen, he has been awarded the Asia Innovator of the Year and Most Admired Retailer of the year 2016.

CEO Compensation
  • Ajay's compensation has been consistent with company performance over the past year.
  • Ajay's remuneration is higher than average for companies of similar size in India.
Management Team

Ajay Bijli

TITLE
Promoter
COMPENSATION
₹85M
AGE
51

Sanjeev Kumar

TITLE
Promoter
COMPENSATION
₹75M
AGE
46

Nitin Sood

TITLE
Group Chief Financial Officer
COMPENSATION
₹32M
AGE
43

Pankaj Dhawan

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹6M
TENURE
1.8 yrs

Gautam Dutta

TITLE
Chief Executive Officer
COMPENSATION
₹2M
AGE
48

Rahul Singh

TITLE
Chief Operating Officer
TENURE
2.4 yrs

Rajat Tyagi

TITLE
Chief Information Officer

Shalu Sabharwal

TITLE
Vice President of Sales and Marketing

Sunil Kumar

TITLE
Chief Human Resource Officer

Vinay Sharma

TITLE
Chief Advisor of HR and Director of Human Resources
COMPENSATION
₹2M
AGE
67
Board of Directors Tenure

Average tenure and age of the PVR board of directors in years:

7.5
Average Tenure
54
Average Age
  • The tenure for the PVR board of directors is about average.
Board of Directors

Sanjeev Kumar

TITLE
Promoter
COMPENSATION
₹75M
AGE
46
TENURE
15.7 yrs

Vikram Bakshi

TITLE
Non Executive Independent Director
COMPENSATION
₹800K
AGE
63
TENURE
13.5 yrs

Ajay Bijli

TITLE
Promoter
COMPENSATION
₹85M
AGE
51

Sanjai Vohra

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
58
TENURE
7.5 yrs

Amit Burman

TITLE
Non Executive Independent Director
COMPENSATION
₹650K
AGE
49
TENURE
6 yrs

Sanjay Khanna

TITLE
Independent & Non-Executive Director
COMPENSATION
₹400K
AGE
58
TENURE
10.9 yrs

Renuka Ramnath

TITLE
Non-Executive Non Independent Director
AGE
57
TENURE
6.2 yrs

Vishal Mahadevia

TITLE
Non-Executive Non-Independent Director
AGE
45
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
17. Dec 18 Sell Nitin Sood Individual 12. Dec 18 13. Dec 18 -7,000 ₹1,559.51 ₹-10,916,553
X
Management checks
We assess PVR'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. PVR 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.

PVR News

Simply Wall St News

Are PVR Limited’s (NSE:PVR) High Returns Really That Great?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

The PVR Share Price Has Gained 191%, So Why Not Pay It Some Attention?

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … This EPS growth is lower than the 24% average annual increase in the share price. … That's not necessarily surprising considering the five-year track record of earnings growth.

Simply Wall St -

Should You Be Tempted To Sell PVR Limited (NSE:PVR) Because Of Its P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … That is equivalent to an earnings yield of about 2.3%. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

PVR Limited (NSE:PVR) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. … So before you buy or sell PVR Limited (NSE:PVR), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Does PVR Limited's (NSE:PVR) Past Performance Indicate A Stronger Future?

Understanding PVR Limited's (NSE:PVR) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how PVR is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … PVR's trailing twelve-month earnings (from 30 September 2018) of ₹1.4b has.

Simply Wall St -

Why PVR Limited (NSE:PVR) Looks Like A Quality Company

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Understanding Your Return On Investment In PVR Limited (NSE:PVR)

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently PVR is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Was PVR Limited's (NSE:PVR) Earnings Growth Better Than The Industry's?

Today I will assess PVR's latest performance announced on 30 June 2018 and compare these figures to its longer term trend and industry movements. … How PVR fared against its long-term earnings performance and its industry. … PVR's trailing twelve-month earnings (from 30 June 2018) of ₹1.3b has

Simply Wall St -

Did PVR Limited (NSE:PVR) Create Value For Shareholders?

PVR Limited (NSE:PVR) performed in-line with its movies and entertainment industry on the basis of its ROE – producing a return of11.52% relative to the peer average of 10.25% over the past 12 months. … If PVR borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Should You Be Tempted To Sell PVR Limited (NSE:PVR) Because Of Its PE Ratio?

considerably outstripping the 22.23x average multiple of the Media? … But can investors make a closing judgement of the company’s value based on this hefty multiple. … The answer is no, since important variables like the company’s potential to grow and debt levels are ignored in the PE’s calculation

Simply Wall St -

PVR Company Info

Description

PVR Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies in India. The company is also involved in the in-house advertisement, sale of food and beverages, bowling, and restaurant businesses. In addition, it operates VKAAO, an online platform for theatre-on-demand service. As of December 21, 2018, it operated a network of 748 screens at 161 properties in 64 cities. The company was founded in 1995 and is based in Gurugram, India.

Details
Name: PVR Limited
PVR
Exchange: NSEI
Founded: 1995
₹75,501,515,055
46,738,588
Website: http://www.pvrcinemas.com
Address: PVR Limited
Building No. 9A,
Block A, 4th Floor,
Gurugram,
Haryana, 122002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI PVR Equity Shares National Stock Exchange of India IN INR 04. Jan 2006
BSE 532689 Equity Shares Mumbai Stock Exchange IN INR 04. Jan 2006
Number of employees
Current staff
Staff numbers
10,000
PVR employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 12:48
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/01/24
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.