ICICI Direct has given Buy recommendation for Inox Leisure recommended buy rating on the stock with a target price of Rs 675 in its research rep with a target price of Rs. 675 in its research report issued on Oct 20, 2022

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 695 screens in 165 cinemas in 74 cities in India with an aggregate seating capacity of ~1.57 lakhs seats. It is the only national multiplex, which enjoys a net debt free balance sheet.


We maintain BUY rating on the company. Near term triggers include content performance recovery amid strong line up and merger consummation. We value Inox at Rs 675 i.e. 15x FY24E EV/EBITDA.

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