Buy Inox Leisure, price target Rs 484: Dharmesh Shah

Dharmesh Shah of ICICI Direct has a buy call on Inox Leisure Ltd. with a target price of Rs 484.0 . The current price of Inox Leisure Ltd. is Rs 444.45 . Dharmesh Shah recommended to keep a stoploss at Rs 427 .

Inox Leisure Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 4571.51 Crore) operating in Media & Entertainment sector.

Inox Leisure Ltd. key Products/Revenue Segments include Income From Films which contributed Rs 975.38 Crore to Sales Value (57.64 % of Total Sales), Beverages & Food which contributed Rs 435.93 Crore to Sales Value (25.76 % of Total Sales), Income From Advertisement which contributed Rs 176.67 Crore to Sales Value (10.44 % of Total Sales), Fees & Other Charges which contributed Rs 77.00 Crore to Sales Value (4.55 % of Total Sales) and Other Operating Revenue which contributed Rs 12.62 Crore to Sales Value (0.74 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 512.91 Crore, down -1.35 % from last quarter Sales of Rs 519.94 Crore and up 18.43 % from last year same quarter Sales of Rs 433.09 Crore Company has reported net profit after tax of Rs 35.01 Crore in latest quarter.

The company’s top management includes Mr.Amit Jatia, Mr.Deepak Asher, Mr.Haigreve Khaitan, Mr.Kishore Biyani, Mr.Pavan Jain, Mr.Siddharth Jain, Mr.Vivek Jain, Ms.Girija Balakrishnan. Company has Kulkarni & Company as its auditors As on 31-12-2019, the company has a total of 102,857,754 shares outstanding.