Edelweiss maintained buy on Inox Leisure, target price Rs 475

Edelweiss has maintained buy rating on Inox Leisure in the long term with a target price of Rs 475. Shares of Inox Leisure ended up 0.4% at Rs 367.35 on Wednesday while the BSE Sensex closed 172.69 points up at 40,412.57.

Company Financials

For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 519.94 crore, up 5.46% from last quarter sales of Rs 493.01 crore and up 42.33% from last year same quarter sales of Rs 365.31 crore. The company has reported net profit after tax of Rs 35.13 crore in the latest quarter.


The company’s top management includes Mr.Amit Jatia, Mr.Deepak Asher, Mr.Haigreve Khaitan, Mr.Pavan Jain, Mr.Siddharth Jain, Mr.Vivek Jain, Ms.Girija Balakrishnan. Company has Kulkarni & Company as its auditors. As on 30-09-2019, the company has a total of 102,857,754 shares outstanding.

Investment Rationale

The brokerage said it likes Inox's aggressive expansion strategy, focus on ‘premiumisation’ and ramp-up of margin-accretive segments. The brokerage said it will watch out for the time window between theatrical and digital releases and any hindrance to its screen expansion.