Sharekhan is bullish on Inox Leisure has recommended buy rating on the stock with a target price of Rs 500 in its research report dated February 07, 2020.
Sharekhan's research report on Inox Leisure
Given healthy content pipeline and increasing footfalls monetisation efforts, we expect a revenue CAGR of 17.4% over FY2019-FY2022E. Screen additions set to accelerate in 2021E; Management expects advertisement revenue growth to come back to normalcy from Q4FY2020. Strong revenue growth led by healthy growth in footfalls, strong growth in F&B and higher revenue from convenience fees; margins remained ahead of our estimates.
We retain our Buy rating on INOX Leisure Limited (ILL) with revised PT of Rs. 500.
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