Buy Inox Leisure, target price Rs 455: JM Financial

JM Financial has buy call on Inox Leisure with a target price of Rs 455. The current market price of Inox Leisure Ltd. is Rs 390.5.

Time period given by analyst is one year when Inox Leisure Ltd. price can reach defined target.

Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 4776.12 Crore) operating in Media & Entertainment sector.


Inox Leisure Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food and Other Operating Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 25.50 Crore, down -78.58 % from last quarter Total Income of Rs 119.05 Crore and up 758.59 % from last year same quarter Total Income of Rs 2.97 Crore. Company reported net profit after tax of Rs -122.28 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.90 per cent stake in the company as of March 31, 2020, while FIIs held 12.2 per cent, DIIs 20.7 per cent and public and other 15.2 per cent.