NSE: PVRINOX· MediaTurnaround · Aug 26Small cap
PVR Inox
Exhibition duopoly-of-one at book
- Last close
- ₹1,190.10
- 29 Sept 2026 · reference
- 1D · 1M
- −2.8% · −2.5%
- price-only
- Weight
- 1.5%
- 31 Jul 2026 · Aug rank 24
- Thesis review
- 8 Sep 2026
- Why We Own, p64
Where the price sits
52-week range, house target and street targets
52w low ₹91952w high ₹1,349
- Reference close₹1,190
- ICICI Securities · BUY₹1,500
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹1,157
Price (2026-09-07)
42.8x / 21.5x
FY27E / FY28E P/E (Buoyant sheet)
3.9%
FY27E ROE (Buoyant sheet)
35.8x
Trailing P/E
1.5x
Price / book
24%
EPS CAGR FY26–28E
TTM P/E 35.8x on TTM EPS Rs 45.3 (flattered by FY26 divestment gain); P/B 1.54x (1157/751) is near the low end of its post-merger range with the stock -10% from the 52-wk high of Rs 1,284. EV/EBITDA left null: screener borrowings Rs 6,779 cr include lease liabilities… EV/EBITDA n.m.; dividend yield 0.0%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 69.9x | 45.6x | 40.5x | 223.0x | n.m. | n.m. | n.m. | n.m. | n.m. | 27.0x |
| Price to Book | 6.9x | 5.3x | 5.2x | 4.1x | 4.1x | 8.6x | 2.1x | 1.8x | 1.3x | 1.2x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for PVR Inox plus a reference price. Missing inputs are not substituted.