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PVR INOX Limited (PVRINOX) Fair Value & Analysis

Communication Services · IN · Market cap ₹98.3B

PI PVR INOX Limited PVRINOX · NSE
Price₹1,174
Fair Value₹842.24
Upside-28.3%
Quality69/100
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Mixed Growth
Thin margins · 5.0% net margin
Low debt · generates free cash flow
Ranks above peers (8/13)
Narrow moat 41/100
Evidence: High Range ₹733.86 – ₹842.24 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ₹467.91 to ₹842.24 (+80.0%) since Aug 8, 2026. Share price +16.6% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹842.24). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (₹733.86 to ₹842.24), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

₹2,193 ₹848.70 Fair Value ₹842.24 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹848.70 – ₹2,193 · fair‑value band ₹733.86 – ₹842.24 · the ₹1,174 price screens above the ₹842.24 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

PVR INOX Limited (PVRINOX) currently trades at ₹1,174, while our model-based Fair Value estimate is ₹842.24, implying the stock looks roughly 28.3% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, PVR INOX Limited generated revenue of ₹66.5B at a net margin of 5.0%. Revenue grew 23.8% year over year. It earns a return on equity of 2.4%. Net debt stands at ₹61.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹733.86 (bear case) to ₹842.24 (bull case); at ₹1,174, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 6% below its 52-week high and 29% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -43% fair-value upside, at -28%, PVRINOX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹2,866 ₹5,674 ₹10,277 80
Residual Income ₹526.18 ₹496.90 ₹387.37 76
Rev-Margin DCF ₹1,373 ₹2,202 ₹3,868 74
All 26 models by family
DCF Models
FCF DCF ₹3,046 ₹4,785 ₹10,323 38
Owner Earnings ₹1,853 ₹4,199 ₹9,125 31
5Y Revenue Exit ₹1,304 ₹1,922 ₹3,189 39
5Y EBITDA Exit ₹2,294 ₹3,924 ₹7,117 41
5Y P/E Exit ₹1,020 ₹1,601 ₹2,280 38
10Y Revenue Exit ₹1,806 ₹3,195 ₹3,842 36
10Y EBITDA Exit ₹2,554 ₹5,328 ₹10,052 37
10Y P/E Exit ₹1,624 ₹2,584 ₹3,898 35
Earnings-Based
Graham-Dodd ₹96.18 ₹670.77 ₹941.32 54
Lynch FV ₹297.93 ₹425.61 ₹553.29 50
PEG = 1.0 ₹297.93 ₹425.61 ₹553.29 46
EPV ₹733.59 ₹853.61 ₹958.62 59
Dividend Discount
Gordon GGM ₹33.66 ₹69.99 ₹111.03 70
DDM Multi-Stage ₹33.66 ₹59.01 ₹73.45 61
Multiples
P/E Multiple ₹233.39 ₹311.18 ₹388.98 63
P/S Multiple ₹180.34 ₹240.46 ₹300.57 58
P/B Multiple ₹180.34 ₹240.46 ₹300.57 55
EV/EBIT ₹1,148 ₹1,526 ₹1,904 53
EV/EBITDA ₹1,934 ₹2,574 ₹3,214 54
EV/Revenue ₹582.00 ₹825.65 ₹1,069 43
Asset-Based
NCAV (Graham) ₹375.70 ₹503.43 ₹751.40 50
Growth DCF
Growth DCF ₹2,866 ₹5,674 ₹10,277 80
Rev-Margin DCF ₹1,373 ₹2,202 ₹3,868 74
Economic Profit
Residual Income ₹526.18 ₹496.90 ₹387.37 76
ROIC Compounder ₹733.59 ₹1,019 ₹1,332 72
Growth Earnings
Growth-Adj P/E ₹407.70 ₹582.43 ₹757.16 68

Widest divergence: DCF Models (₹3,195) versus Dividend Discount (₹59.01). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹66.5B
Revenue growth (YoY) +23.8%
Net margin 5.0%
Return on equity 2.4%
Free cash flow ₹17.7B FY2026
P/E ratio 65.1
More key figures
Operating margin 7.8%
EPS (TTM) ₹18.03
EPS growth (YoY) +165%
Net debt ₹61.9B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 65 · Market factors (momentum, volatility) 61

Profitability 23
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 97
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 61
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

PVR INOX Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies in India and Sri Lanka. The company is involved in sale of movie tickets; in cinema advertisements/product displays; sale of food and beverages; and restaurant business.

Full company description

PVR INOX Limited, a theatrical exhibition company, engages in the exhibition, distribution, and production of movies in India and Sri Lanka. The company is involved in sale of movie tickets; in cinema advertisements/product displays; sale of food and beverages; and restaurant business. It also manages cinema screens; and produces, distributes, and sells popcorn and other food products made of corn. The company was formerly known as PVR Limited and changed its name to PVR INOX Limited in April 2023. PVR INOX Limited was founded in 1991 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PVR INOX Limited reported revenue of ₹66.5B in FY2026 versus ₹13.3B in FY2022, a compound +49.5%/yr. Reported net income was ₹1.4B in FY2026.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹66.5B
Latest YoY
+15.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+21.0%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.4%
Revenue +49.5%/yr
FY22 ₹13.3B
FY23 ₹37.5B
FY24 ₹61.1B
FY25 ₹57.8B
FY26 ₹66.5B
Net income
FY22 −₹4.9B
FY23 −₹3.4B
FY24 −₹320M
FY25 −₹2.8B
FY26 ₹1.4B

PVRINOX screens 28% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "PVR INOX Limited Fair Value". https://www.fairvalue-calculator.com/stock/PVRINOX

Peer Group

Entertainment · 268 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 2% · Above median
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 24% · Top 25%
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 65.1× · Pricier than 75% of peers
P/B 1.33× · Pricier than median
P/S (TTM) 1.48× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.6× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 7
FUTURE 100 · sector 12
PAST 10 · sector 0
HEALTH 97 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.08 C$2.66 -56%
The Walt Disney Company DIS $103.18 $80.62 -22%
Warner Bros. Discovery, Inc WBD $27.65 $9.03 -67%
Live Nation Entertainment, Inc LYV $185.33 $59.97 -68%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 59.14 MXN +8%
PT MNC Digital Entertainment Tbk, MSIN 370.00 IDR 212.14 IDR -43%
Prime Focus Limited PFOCUS ₹268.00 ₹63.45 -76%
JYP Entertainment Corporation 035900 46,000 KRW 82,382 KRW +79%
SM Entertainment Co 041510 75,500 KRW 208,415 KRW +176%
Saregama India Limited SAREGAMA ₹516.05 ₹214.51 -58%

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Frequently asked questions

Is PVR INOX Limited (PVRINOX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹842.24 versus a price of ₹1,174, about −28% (overvalued).
What is the fair value of PVRINOX?
Our model-based fair value for PVR INOX Limited is ₹842.24 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,174.
What is the quality score of PVRINOX?
PVR INOX Limited has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PVR INOX Limited (PVRINOX)?
PVR INOX Limited reported trailing-twelve-month revenue of about ₹66.5B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PVRINOX?
The net profit margin of PVR INOX Limited is about 5.0%, meaning it keeps roughly 5.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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