Inox Leisure - Biggest Beneficiary Of The Situation: Anand Rathi

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.After trailing PVR Ltd. for several years, we find Inox Leisure Ltd. best suited to make the most of the situation as it has a strong balance sheet with Rs 1.3 billion net cash (versus PVR’s Rs 11.3 billion net debt), less cash burn/month till normalcy returns (Rs 0.4 billion vs. PVR’s Rs 0.6 billion) and has grown faster over FY17-FY20 on several key operating parameters. All these factors enable Inox to expand faster in the next phase of the growth cycle and reduce the gap in the footprint with PVR (~643 screens, versus PVR’s ~844).We introduce our FY23e and maintain our Buy rating with a new target price of Rs 340 (earlier Rs 292, valuing it at 10x FY23e Ebitda)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Inox Leisure - Biggest Beneficiary Of The Situation: Anand Rathi

Inox Leisure - Biggest Beneficiary Of The Situation: Anand Rathi

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