PATRIOTIC MOVIES SET TO FAVOUR HIGH RUN FOR PVR INOX

Considering releases of a slew of sequels based on patriotism, it is expected that

may see good business in the coming quarters since movies like Border-2, Mardaani-3, Dhurandhar-2 and Toxic are expected to release in the coming weeks. Since COVID, volatility in content flow and inconsistency in profits have led to a de-rating in PVR Inox's valuation multiple, in contrast to FY14-FY19 when the company never made an EBITDA-level loss. With a market cap of Rs 9,142 crore, the company has reported sales growth of 63% CAGR and profit growth of 12% CAGR over the last 3 years. The stock is currently trading at a P/BV ratio of 1.29 making it a fair value for investing.