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 722 screens in 170 cinemas in 74 cities in India with an aggregate seating capacity of ~1.6 lakhs seats. It is the only national multiplex, which enjoys a net debt free balance sheet.
Outlook
We maintain BUY rating on the company given the medium-term trigger of synergy (scale led benefits) post-merger and . content recovery. We value Inox at Rs 620 i.e., 15x FY24E EV/EBITDA
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
