PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high

Trading: PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high
Trading (Image: Canva)

Today the stock price of multiplex players PVR and Inox touched its 52 weeks high. The stock of PVR was trading up by 5.02% in early trade to Rs 2002.80 and Inox Leisure stock was trading up by 15.88% to Rs 559.15.

Yesterday, both these companies announced that the board of the companies has approved a merger deal between PVR and Inox. After this merger, the combined entity will be called PVR Inox Limited which will have more than 1500 screens at the pan India level.

Shareholders of Inox will get 3 shares of PVR for every 10 shares they own. PVR promoters will hold a 10.62% stake in the combined entity and the same Inox promoters will hold a 16.66% stake.

This merger can play a key role for both these cinema joints to compete with the OTT platform. Apart from this, theater penetration in India is also low in comparison to other developing countries, which indicates a high growth potential.

And the multiplex space seating capacity restriction is also being gradually removed so that the revenue of these companies can come at pre-pandemic levels.

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PVR share price – Financials

52 Week High2,003.80
52 Week Low988.35
Sector PE29.73
Face Value10
Mkt Cap (Rs. Cr.)11,479
Book Value Per Share299.45

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Net Profit 2021 (Rs. Cr.)-747
Debt to equity (2021)0.60
Revenue 2021 (Rs. Cr.)280
EPS (2021)-135.64
ROE (2021)-40.78
Dividend/Share (INR) (Mar 2021)0.00
Promoters holding17.02%

INOX share price – Financials

52 Week High563.60
52 Week Low244.00
Sector PE29.73
Face Value10
Mkt Cap (Rs. Cr.)6,396
Book Value Per Share76.27

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Net Profit 2021 (Rs. Cr.)-337
Debt to equity (2021)0.11
Revenue 2021 (Rs. Cr.)105
EPS (2021)-32.22
ROE (2021)-53.34
Dividend/Share (INR) (Mar 2021)0.00
Promoters holding43.63%

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FAQs

What is 52 week low/high of PVR share price?

52 Week low of PVR share is Rs 988.35 while 52 week high is Rs 2,003.80

What is the market cap of PVR?

The market cap of PVR is Rs 11,479 crore.

What is 52 week low/high of INOX Leisure Ltd share price?

52 Week low of PVR share is Rs 244.00 while 52 week high is Rs 563.60.

What is the market cap of INOX Leisure Ltd?

The market cap of PVR is Rs 6,396 crore.