Arthneeti

PVR Inox Q2 FY27 Share Price & Earnings Call Analysis

₹1,495.10+0.32% today
Market cap
₹14,682 Cr
P/E
46.28
ROE
4.92%
PEG
1.02
Price to sales
2.13
Debt to equity
0.92
52W high / low
₹1,495 / ₹919
Sales growth (5Y)
88.40%
EBITDA margin
32.40%
Net profit margin
5.33%
Promoter holding
27.60%
Sales (last year)
₹6,842 Cr

PVR Limited (PVR) is India’s largest and most premium film exhibition company. It pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at New Delhi and continues to lead the market with relentless focus on innovation and operational excellence to democratise big‑screen movie experience.

Guidance scorecard · Q2 FY27 call

What PVR Inox's management guided
and where it ranks in Entertainment

#9of 12 in
Entertainment
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingNone plannedOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • PVR INOX plans to continue growing online ticketing penetration, currently near 70%, though growth rate will slow due to diminishing returns.
  • Overall online revenues, including convenience fees, are expected to grow with increases in average ticket price and admissions.
  • The company targets adding about 90-100 gross screens in the current financial year, with around 80 net screen additions expected.
  • Focus on asset-light and FOCO (food court) capital-light models will enable growth without heavy capital strain.
  • Expansion into underserved Tier 2 and Tier 3 markets, with plans to open cinemas in many new cities, accelerating growth beyond FY27.
  • Aiming to add 1,000 new screens over the next five years, indicating ramp-up beyond FY27.

2 more points from PVR Inox's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what PVR Inox said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Capex guidance for FY '27 is around INR 350 crores, slightly lower than earlier expected INR 400 crores.
  • This includes investments in new screen openings (90-100 screens expected in FY '27), renovations of high-value properties, and food court joint ventures.
  • Capital-light and FOCO (Focus On Core Operations) models are prioritized for growth, enabling screen additions without heavy leverage.
  • There are ongoing strategic talks to sublease excess real estate space to generate annuity/rental income, but no significant new real estate monetization planned yet.
  • Investments are also being made to build alternate revenue streams like digital app and web monetization (early days, expected annualized revenues of INR 2-3 crores).

2 more points from PVR Inox's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

None planned

See what PVR Inox said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what PVR Inox said on the order book →

Full Q1 FY27 analysis
Full Entertainment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Entertainment
on management's own guidance

  1. Digikore Studios LtdGood growth
    2
  2. Phantom DigitalGood growth
    1
  3. Saregama India LtdGood growth
    3
See all potential multibaggersWhere does PVR Inox rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Entertainment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Phantom Digital20–40%Up 2%+₹156 Cr4.8
2Digikore Studios Ltd20–40%Up 2%+₹42 Cr3.3
3Saregama India Ltd20–40%Flat₹9,718 Cr42.6
420–40%Flat₹1,108 Cr—
520–40%Flat₹520 Cr10.8
620–40%Flat₹472 Cr18.2

Sign up free to see every company in the sector ranking and track PVR Inox.

Pro shows every company guiding 40%+ revenue growth →Full Entertainment ranking

Financials of PVR Inox

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

PVR Inox

Shareholding breakup across reporting periods.

Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Oct 2026
Promoters +27.84%27.84%27.49%27.49%27.53%27.53%27.53%27.53%27.53%27.53%27.01%27.60%
FIIs +16.80%18.07%20.69%19.21%20.39%19.71%21.80%21.16%17.86%18.08%19.13%19.65%
DIIs +40.21%38.78%39.85%40.03%36.30%36.52%35.35%34.51%36.43%35.72%33.56%34.16%
Public +15.14%15.29%11.97%13.28%15.78%16.25%15.32%16.80%18.19%18.67%20.30%18.59%
No. of Shareholders2,49,6692,63,4432,34,7952,48,6922,67,0192,64,0902,49,2222,41,3712,38,8922,36,9222,24,5362,24,137

Financials of PVR Inox

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,0001,5461,2561,1911,6221,7171,2301,4501,8001,8501,5471,6222,105
Expenses +1,2931,0749789391,1431,1909411,0461,1851,2251,0961,0941,336
Operating Profit707472278252479528289404614625452528769
OPM %35%31%22%21%30%31%24%28%34%34%29%33%37%
Other Income +245949294242542532-92442634
Interest200197200204206203196191188180173164156
Depreciation309317303314329320316308316316330314296
Profit before tax22218-175-238-1546-168-7014211919276351
Tax %25%27%-26%-25%-18%23%-25%-22%26%20%3%25%25%
Net Profit +16613-130-179-1236-125-541069518656263
EPS in Rs16.951.30-13.20-18.21-1.203.66-12.73-5.5010.769.7519.015.7526.79

Financials of PVR Inox

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,4771,8502,1192,3343,0863,4142801,3293,7516,1075,7006,6467,124
Expenses +1,2711,5511,7991,9332,4992,3386161,2242,7034,2974,1424,5514,750
Operating Profit2062993204015871,076-3361051,0481,8101,5582,0952,374
OPM %14%16%15%17%19%32%-120%8%28%30%27%32%33%
Other Income +2455230323846932668157154292295
Interest78848184128482498498572791809733674
Depreciation1171151381541915425756147531,2191,2771,2701,257
Profit before tax1214515319429990-939-681-209-44-374384738
Tax %7%32%37%36%37%70%-20%-28%61%-26%-25%13%
Net Profit +12999612418927-748-489-336-33-281333601
EPS in Rs2.8619.5819.0824.8437.814.95-123.07-80.04-34.21-3.26-28.4734.0261.30
Dividend Payout %33%10%10%8%5%75%0%0%0%0%0%0%

Financials of PVR Inox

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital42474747475161619898989896
Reserves3688359181,0291,4491,4291,7731,3097,2327,2256,9537,2807,294
Borrowings +7476608208311,2821,2955,0035,1968,0528,3047,7756,7796,309
Other Liabilities +2733564404421,0624,6536657571,0911,1911,4351,4541,516
Total Liabilities1,4291,8972,2252,3483,8407,4287,5027,32316,47416,81816,26115,61215,214
Fixed Assets +8601,0001,5091,5902,7425,8865,4755,40714,20914,47813,90613,37313,011
CWIP807610610222115521764247246963254
Investments2222111210016124
Other Assets +4868206096368661,3851,8081,8512,0172,0772,2582,2052,145
Total Assets1,4291,8972,2252,3483,8407,4287,5027,32316,47416,81816,26115,61215,214

Financials of PVR Inox

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +155354320446830787-4131678641,9791,9682,160
Cash from Investing Activity +-205-331-632-363-1,006-390-289-3-339-627-303-29
Cash from Financing Activity +4921760-66142-2111,075-217-694-1,292-1,535-2,065
Net Cash Flow-1240-25218-34186374-53-1696013066
Free Cash Flow-14120-313108395403-529422301,3521,6461,906
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit79%125%110%122%156%76%125%149%82%108%123%103%

Financials of PVR Inox

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191818242220402218141615
Inventory Days436050454642354
Days Payable5205025155765624322,879
Cash Conversion Cycle-458-424-448-506-494-370-2,4852218141615
Working Capital Days-51-41-62-68-82-92-1,122-315-152-106-125-101
ROCE %8%17%14%15%18%20%-9%-3%3%5%3%7%

Guidance history

How PVR Inox's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%PlannedNone planned—
Q4 FY26 call →10–20%FlatPlannedNone planned—
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

42out of 100

Momentum score · price trend

42 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+20.5%75%
Last 6 months+39.9%87%
Last 3 months+32.2%93%

The price is 30.4% below its all-time high of ₹2,146.9 (29 Jul 2022). Stocks more than 20% below their peak have their score halved, so 83 became 42.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For PVR Inox: 0.4 × 75 + 0.4 × 87 + 0.2 × 93 = 83, halved to 42 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What PVR Inox's management said in earlier quarters

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