Buy PVR, target price Rs 1820: Kotak Securities

Kotak Securities has buy call on PVR with a target price of Rs 1820. The current market price of PVR Ltd. is Rs 1770.15.
PVR Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10805.75 Crore) operating in Media & Entertainment sector.

PVR Ltd. key Products/Revenue Segments include Income From Films, Beverages & Food, Fees & Other Charges, Income From Advertisement, Other Operating Revenue and Income from Films Production & Distribution for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1002.26 Crore, up 72.90 % from last quarter Total Income of Rs 579.66 Crore and up 982.94 % from last year same quarter Total Income of Rs 92.55 Crore. Company reported net profit after tax of Rs 53.16 Crore in latest quarter.

Investment Rationale
Consolidating in a narrow range forming a strong base for a fresh leg of up move ahead.

Promoter/FII Holdings
Promoters held 16.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 44.71 per cent, DIIs 18.04 per cent.