ICICI Direct has given Buy recommendation for Inox Leisure with a target price of Rs. 495 in its research report issued on Oct 25, 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 658 screens in 156 cinemas in 70 cities in India with an aggregate seating capacity of ~1.49 lakhs seats. It is the only multiplex, which enjoys a net debt free balance sheet


We maintain BUY rating on the company We value Inox at Rs 495 i.e. 13.5x FY23E EV/EBITDA


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