ICICI Direct's research report on Inox Leisure
Inox Leisure is the second largest player in terms of multiplex screen count in India. Currently, the company operates 648 screens in 153 cinemas in 69 cities in India with an aggregate seating capacity of ~1.47 lakhs seats. It is the only multiplex, which enjoys a net debt free balance sheet
Outlook
We upgrade the stock from HOLD to BUY rating We value Inox at Rs 365 i.e. 10.5x FY23E EV/EBITDA
For all recommendations report, click here
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