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PVR Inox Ltd logo

PVR Inox Ltd

NSE: PVRINOX BSE: 532689

₹987.60

(0.85%)

Tue, 26 May 2026, 00:06 am

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PVR Inox Analysis

dividend

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Pros

  • Dividends per share have increased over the past 10 years.
  • Dividends paid are covered by earnings (1.4x coverage).
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Cons

  • No need to calculate the sustainability of PVR's dividends in 3 years as they are not expected to pay a notable one for India.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • PVR's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
  • PVR's dividend is below the markets top 25% of dividend payers in India (3.08%).

future

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Pros

  • PVR's earnings are expected to grow significantly at over 20% yearly.
  • PVR's earnings growth is expected to exceed the India market average.
  • PVR's earnings growth is expected to exceed the low risk savings rate of 7.2%.
  • PVR's earnings are expected to increase by more than the low risk growth rate in 3 years time.
  • PVR's net income is expected to increase by more than 50% in 2 years time.
  • PVR is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
  • Performance (ROE) is expected to be above the current IN Entertainment industry average.
  • An improvement in PVR's performance (ROE) is expected over the next 3 years.
  • PVR's revenue growth is expected to exceed the India market average.
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Cons

  • Cash flow for PVR is expected to increase but not above the 50% threshold in 2 years time.
  • PVR is expected to be loss making next year.
  • PVR's revenue is expected to increase but not above the 50% threshold in 2 years time.
  • PVR's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).

health

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Pros

  • PVR is profitable, therefore cash runway is not a concern.
  • PVR is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (71.5%, greater than 20% of total debt).
  • The level of debt compared to net worth has been reduced over the past 5 years (166.5% vs 74.4% today).
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Cons

  • PVR's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
  • PVR's long term commitments exceed its cash and other short term assets.
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
  • PVR's level of debt (74.4%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The tenure for the PVR board of directors is about average.
  • More shares have been bought than sold by PVR individual insiders in the past 3 months.
  • The tenure for the PVR management team is about average.
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Cons

  • Ajay's remuneration is higher than average for companies of similar size in India.
  • Ajay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

misc

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Pros

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    Cons

    • PVR has significant price volatility in the past 3 months.

    past

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    Pros

    • PVR's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
    • PVR used its assets more efficiently than the IN Entertainment industry average last year based on Return on Assets.
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    Cons

    • PVR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • PVR's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • PVR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • PVR's 1-year earnings growth is negative, it can't be compared to the IN Entertainment industry average.

    value

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    Pros

    • BSE:532689 is up 16% outperforming the market in India which returned 8% over the past month.
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    Cons

    • PVR's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • PVR's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • PVR is overvalued based on assets compared to the IN Entertainment industry average.
    • PVR is poor value based on expected growth next year.
    • PVR is overvalued based on earnings compared to the IN Entertainment industry average.
    • PVR is overvalued based on earnings compared to the India market.
    • 532689 underperformed the Entertainment industry which returned -34.6% over the past year.
    • 532689 underperformed the Market in India which returned -14.5% over the past year.
    • BSE:532689 is up 16% underperforming the Entertainment industry which returned 18.7% over the past month.