Buy Eros International; target of Rs 612: ICICIdirect

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26 Aug, 2025 12:21

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ICICIdirect.com's research reoprt on Eros International“We met the management of Eros International to get a deeper insight into the growth triggers that would favour the company in coming years. Eros, producer/distributor with a large film library of over 2000 films, is a force to reckon with in the Indian film exhibition and production space. The company is actively working towards making its content available across different platforms to combat the divergence of audiences towards digital platforms. Eros has entered into partnerships with three Chinese film companies to explore joint opportunities in China. In addition, it has also launched Trinity Pictures to focus on franchise films. The parent company had recently launched the official marketing campaign for its digital platform Eros now, which already has 26.5 million registered users. The domestic company would provide content to Eros Now at an arms length transfer pricing.”“The company will soon make disclosures with regards to the deal between the domestic and parent company that will help us gauge the incremental revenue potential from Eros Now and be comforting to its investors. With stellar Q1 results and a better-thanexpected box-office performance in Q2, the robustness in FY16E numbers is already visible. We continue to maintain BUY rating valuing Eros at 16.0x FY17E EPS to arrive at a target price of Rs 612,” says ICICI Securities research report.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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