MONTHLY EQUITY MARKET REPORT - PVR

PVR

PVR Ltd. is the largest and the most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the cinema industry and the way people watch movies in the country. The company acquired Cinemax in 2012 and had taken over DT Cinemas in the year 2016 serving 75 million patrons annually. Currently PVR operates a cinema circuit of 600 screens at 131 properties in 51 cities (18 states and 1 Union Territory). Under the leadership of Mr. Ajay Bijli, Chairman and Managing Director, PVR Ltd, the company has expanded exponentially and has been honored with many awards over the years. To name a few: Top Multiplex Chain of the Year at Big Cine Expo 2016, CNBC TV-18 'Asia Innovator of the Year' at India Business Leader awards 2016 and Fortune India's Next 500 biggest and best midsize companies 2016

• The company has received an award at Businessworld Cinema Exhibition Awards & Conference for the Fastest Growing Chain and the Best Chain National in 2014

• PVR has also been ranked as The India's most Trusted Cinema Display Brand in Brand Trust Report for three years consecutively from 2013.

• It also bagged the CNBC's Emerging India Awards 2013 and VC Circle Awards for Media and Entertainment Category in the same year.

Fundamental Analysis 

PVR Ltd., incorporated in the year 1995, is a Mid Cap company having a market cap of Rs 6540.83 Crore operating in Service sector. PVR Ltd. key Products include Income from Films, Beverages & Food, Income from Advertisement, Fees & Other Operating Revenue and Rent. 

• For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 555.36 Crore, down -12.76 % from last quarter Sales of Rs 636.60 Crore and up 2.65 % from last year same quarter Sales of Rs 541.01 Crore Company has reported net profit after tax of Rs 24.72 Crore in latest quarter. 

• Promoters stake in the company stand at 20.25%. 

• Return on equity and Net profit margin of the company stand at 9.92% and 4.51% where as peer companies stand at -18.36% and -45.87% 

• Gross profit margin is 8.26% whereas peer average is -39.82%.

Fundamentals
Market cap	6540.83 cr.
Face value	Rs. 10
Book value	Rs. 206.47
EPS	Rs. 20.85
52 Week H/L	Rs. 1655.00/1006.20
Dividend Payout	20%
Listed at	NSE/BSE
P/E Ratio	67.12
Industry P/E	43.93

Technical Analysis 

The stock made 52 weeks high of 1655 in April 2017 then corrected nearly 30% and tested 50% Fibonacci Retracement support around 1440 levels but did not sustain below it. It has also strong trend line support at 1140 levels, now stock is consolidating around 1145 levels and currently trading at 1397 levels. 

• The stock is consolidating at its resistance level of 1445 levels 

• RSI has also shown recovery and now placed at 63.17 level 

• MACD has given upward cross over on weekly charts 

Technically, the stock may move UP and above the levels of 1450 and it could test the levels of 1550-1630 in the next month. Technical stop loss should be at 1300.

Supports and Resistance (Monthly)

Resistance 1- 1445 Support 1-1330

Resistance 2- 1530 Support 2-1230

Resistance 3- 1655 Support 3- 1140

PVR DAILY CHART

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