Moneycontrol PRO
Live Now |Join The Sustainability 100+ Summit and witness the dawn of an era of sustainable development. Click Here!

Buy Inox Leisure; target of Rs 325: ICICI Direct

ICICI Direct has recommended Buy rating on Inox Leisure with a target price of Rs 325 in its research report dated July 27, 2017.

July 31, 2017 / 02:36 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Inox Leisure

Revenues came in at Rs 387.4 crore, up 15.0% YoY, aided by higher advertisement revenues which grew by 56.8% YoY to Rs 33.4 crore. While footfall at 15.8mn (up 1.7% YoY) was muted, blockbuster slate in the form of Bahubali2 and Tubelight enabled the company to take 10.9% YoY hike in ATP to Rs 193.  Net box office collections came in at Rs 239.2 crore, up 12.0 % YoY. F&B revenues came in at Rs 88.2 crore (up 9.3% YoY), aided by 6.6% YoY growth in spends.


Outlook

We maintain our BUY recommendation and value it at 12.6 x FY19E EV/EBITDA (10% discount to PVR) to arrive at target price of Rs 325 /share.

For all recommendations report, 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.

first published: Jul 31, 2017 02:11 pm

stay updated

Get Daily News on your Browser
Sections
ISO 27001 - BSI Assurance Mark