/Entertainment Buy Inox Leisure, target price Rs 350: Angel Broking
Entertainment Buy Inox Leisure, target price Rs 350: Angel Broking

Entertainment Buy Inox Leisure, target price Rs 350: Angel Broking

Entertainment

Angel Broking has given a decide score to Inox Leisure with a target mark of Rs 350. The portion mark moved down by 0.86 per cent from its old conclude of Rs 283.75. The inventory’s final traded mark is Rs 281.30.

Inox Leisure Ltd., incorporated within the year 1999, is a Mid Cap firm (having a market cap of Rs 2917.56 Crore) operating in Media & Leisure sector.

Inox Leisure Ltd. key Products/Income Segments consist of Income From Motion footage which contributed Rs 975.38 Crore to Sales Price (57.64 % of Total Sales), Drinks & Meals which contributed Rs 435.93 Crore to Sales Price (25.76 % of Total Sales), Income From Commercial which contributed Rs 176.67 Crore to Sales Price (10.44 % of Total Sales), Bills & Other Bills which contributed Rs 77.00 Crore to Sales Price (4.55 % of Total Sales) and Other Operating Income which contributed Rs 12.62 Crore to Sales Price (0.74 % of Total Sales)for the year ending 31-Mar-2019.

Financials

For the quarter ended 30-06-2020, the firm reported a Consolidated gross sales of Rs .25 Crore, down 99.93 % from final quarter Sales of Rs 371.58 Crore and down 99.95 % from final year same quarter Sales of Rs 493.01 Crore. The Company reported fetch profit after tax of Rs -73.64 Crore in most modern quarter.

Funding Rationale

Fragment prices has corrected larger than 40% as all theatres are closed down attributable to covid-19 self-discipline. Even supposing, long time length fundamentals are intact. Covid-19 can result in additional consolidation within the industry




Promoter/FII Holdings

Promoters held 51.90 per cent stake within the firm as of March 31, 2020, whereas FIIs held 12.2 per cent, DIIs 20.7 per cent and public and different 15.2 per cent.