ICICI Direct has given Buy recommendation for Inox Leisure with a target price of Rs. 365 in its research report issued on Aug 04, 2021

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 648 screens in 153 cinemas in 69 cities in India with an aggregate seating capacity of ~1.47 lakhs seats. It is the only multiplex, which enjoys a net debt free balance sheet

Outlook

We upgrade the stock from HOLD to BUY rating We value Inox at Rs 365 i.e. 10.5x FY23E EV/EBITDA

 

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