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PVR INOX Valuation Multiples

Discover revenue and EBITDA valuation multiples for PVR INOX and similar public comparables like Pursuit, GL Events, Grupo CIE, Emerald Holding and more.

PVR INOX Overview

About PVR INOX

PVR INOX Ltd is a diversified media company engaged in the film entertainment industry. The company has two primary business segments, which includes Movie exhibition, and Others. The Movie exhibition business segment which derives key revenue, operates a chain of movie theaters, generating revenue through ticket sales, food and beverage sales, and in-cinema advertising. The Other business segment operates complementary ventures such as movie production, distribution and gaming, etc. The company generates the vast majority of its revenue in India.


Founded

1995

HQ

India

Employees

4.6K

Sectors

Financials (LTM)

Revenue: $726M
EBITDA: $225M

EV

$2B

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PVR INOX Financials

PVR INOX reported last 12-month revenue of $726M and EBITDA of $225M.

In the same LTM period, PVR INOX generated $516M in gross profit, $225M in EBITDA, and $31M in net income.

Revenue (LTM)


PVR INOX P&L

In the most recent fiscal year, PVR INOX reported revenue of $608M and EBITDA of $180M.

PVR INOX is unprofitable as of last fiscal year, with gross margin of 66%, EBITDA margin of 30%, and net margin of (5%).

See analyst estimates for PVR INOX
LTMLast FY202320242025202620272028
Revenue$726M$608M$584M$618M$608M
Gross Profit$516M$399M$383M$405M$399M
Gross Margin71%66%66%66%66%
EBITDA$225M$180M$183M$186M$180M
EBITDA Margin31%30%31%30%30%
EBIT Margin13%5%9%6%5%
Net Profit$31M($30M)($11M)($23M)($30M)
Net Margin4%(5%)(2%)(4%)(5%)
Net Debt—$103M———

Financial data powered by Morningstar, Inc.

PVR INOX Stock Performance

PVR INOX has current market cap of $1B, and enterprise value of $2B.

Market Cap Evolution


PVR INOX's stock price is $11.40.

PVR INOX share price increased by 1.3% in the last 30 days, and by 6.8% in the last year.

PVR INOX has an EPS (earnings per share) of $-0.30.

See more trading valuation data for PVR INOX
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$1B1.1%1.3%4.1%6.8%$-0.30

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PVR INOX Valuation Multiples

PVR INOX trades at 2.5x EV/Revenue multiple, and 8.2x EV/EBITDA.

See NTM and 2027E valuation multiples for PVR INOX

EV / Revenue (LTM)


PVR INOX Financial Valuation Multiples

As of May 9, 2026, PVR INOX has market cap of $1B and EV of $2B.

PVR INOX has a P/E ratio of 36.0x.

LTMLast FY202320242025202620272028
EV/Revenue2.5x3.0x3.1x3.0x3.0x
EV/EBITDA8.2x10.2x10.0x9.9x10.2x
EV/EBIT20.0x65.8x33.7x50.3x65.8x
EV/Gross Profit3.6x4.6x4.8x4.5x4.6x
P/E36.0x(37.7x)(97.9x)(48.4x)(37.7x)
EV/FCF20.0x10.6x16.2x11.1x10.6x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified PVR INOX Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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PVR INOX Margins & Growth Rates

In the most recent fiscal year, PVR INOX reported gross margin of 66%, EBITDA margin of 30%, and net margin of (5%).

See estimated margins and future growth rates for PVR INOX

PVR INOX Margins

Last FY20242025202720282029
Gross Margin66%66%66%
EBITDA Margin30%30%30%
EBIT Margin5%6%5%
Net Margin(5%)(4%)(5%)
FCF Margin28%27%28%

PVR INOX Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth6%(2%)
Gross Profit Growth6%(2%)
EBITDA Growth2%(4%)
EBIT Growth(33%)(24%)
Net Profit Growth102%28%
FCF Growth47%5%

Data powered by FactSet, Inc. and Morningstar, Inc.

PVR INOX Operational KPIs

PVR INOX's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

Access forward-looking KPIs for PVR INOX
LTMLast FY202320242025202620272028
Rule of 4041%————
Bessemer Rule of X56%————
Revenue per Employee—$0.1M———
Opex per Employee—$0.1M———
S&M Expenses to Revenue—1%1%1%1%
G&A Expenses to Revenue28%2%2%2%2%
Opex to Revenue—61%56%60%61%

Data powered by FactSet, Inc. and Morningstar, Inc.

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PVR INOX Competitors

PVR INOX competitors include Pursuit, GL Events, Grupo CIE, Emerald Holding, Maoyan Entertainment, Funshine Culture Group, Ollamani, Fiera Milano, Falcons Beyond Global and Beijing Jingxi.

Most PVR INOX public comparables operate across Events.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Pursuit3.0x3.0x12.3x11.5x
GL Events1.2x1.2x6.6x6.8x
Grupo CIE3.1x—1.3x—
Emerald Holding2.8x2.8x22.6x10.0x
Maoyan Entertainment0.7x0.8x3.8x4.4x
Funshine Culture Group8.3x—105.2x—
Ollamani2.1x2.0x18.8x14.6x
Fiera Milano1.8x1.8x5.1x5.7x

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PVR INOX Funding History

Before going public, PVR INOX raised $121M in total equity funding, across 1 round.

Last private valuation of PVR INOX was $627M, after raising $121M in January 2017 from Warburg Pincus.


PVR INOX Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Jan-17Secondary - publicWarburg Pincus$121M$627MPVR Ltd is India’s largest multiplex chain, operating 562 screens across 122 properties in 48 cities as of early 2017. Warburg Pincus acquired a 14% stake in an open market transaction for Rs820 crore from existing investor Multiples Alternate Asset Management (9% stake) and PVR promoters, including chairman Ajay Bijli. The transaction valued the company at Rs5,860 crore, with promoters retaining about 20% ownership and Multiples holding 14% post-sale. PVR has pursued expansion through acquisitions, including DT Cinemas from DLF for Rs500 crore in 2015 and 69.3% of Cinemax in 2012. Multiples had previously invested Rs153 crore in 2012 for 15.8% stake and added 2.6% in 2016 with other investors like Canada Pension Plan and PGGM. The deal occurred amid a rapidly growing Indian multiplex industry driven by consumer demand and technology. Post-transaction, PVR shares rose 5% to Rs1,303.90, with a market cap of Rs6,046 crore.

PVR INOX M&A Activity

PVR INOX has acquired 4 companies to date.

Last acquisition by PVR INOX was on March 27th 2022. PVR INOX acquired INOX for $803M (EV/Revenue multiple of ).

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Latest Acquisitions by PVR INOX

INOX
SPI Cinemas Pvt. Ltd.
Zea Maize
DT Cinemas
Description
INOX Leisure Limited is a Mumbai-headquartered cinema chain operating over 160 multiplexes with 700 screens across India. Part of the Inox Group, it exhibits Bollywood, Hollywood, and regional films in premium formats like IMAX and 4DX. The company leads in per-screen revenue, serving urban audiences with food courts and recliner seating.
SPI Cinemas Pvt. Ltd. is a Chennai-headquartered multiplex chain operating 120 screens across 40 locations in South India. Launched in 2009, it runs premium formats like S2G and MX4K with Dolby Atmos. SPI produces films under Apoorva Lakhia and distributes Hollywood releases. Acquired by PVR Inox in 2023 for expansion.
Zea Maize is a Delhi-based producer and marketer of flavored popcorn under the 4700BC Popcorn chain. The company offers cheese, caramel, chocolate, and potpourri varieties through retail outlets and online sales. Zea Maize Pvt Ltd operates multiple stores across India, sourcing corn from local farms to supply cinemas, events, and grocery channels.
—
HQ CountryIndiaIndiaIndiaIndia
HQ City
Mumbai
Bangalore
New Delhi
Gurgaon
Deal Date27 Mar 202213 Aug 201820 Aug 20159 Jun 2015
Valuation$803M$110M$1M$78M
EV/Revenue
EV/EBITDA

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About PVR INOX

When was PVR INOX founded?PVR INOX was founded in 1995.
Where is PVR INOX headquartered?PVR INOX is headquartered in India.
How many employees does PVR INOX have?As of today, PVR INOX has over 4K employees.
Is PVR INOX publicly listed?Yes, PVR INOX is a public company listed on National Stock Exchange of India.
What is the stock symbol of PVR INOX?PVR INOX trades under PVRINOX ticker.
When did PVR INOX go public?PVR INOX went public in 2006.
Who are competitors of PVR INOX?PVR INOX main competitors include Pursuit, GL Events, Grupo CIE, Emerald Holding, Maoyan Entertainment, Funshine Culture Group, Ollamani, Fiera Milano, Falcons Beyond Global, Beijing Jingxi.
What is the current market cap of PVR INOX?PVR INOX's current market cap is $1B.
What is the current revenue of PVR INOX?PVR INOX's last 12 months revenue is $726M.
What is the current revenue growth of PVR INOX?PVR INOX revenue growth (NTM/LTM) is 10%.
What is the current EV/Revenue multiple of PVR INOX?Current revenue multiple of PVR INOX is 2.5x.
Is PVR INOX profitable?Yes, PVR INOX is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of PVR INOX?PVR INOX's last 12 months EBITDA is $225M.
What is PVR INOX's EBITDA margin?PVR INOX's last 12 months EBITDA margin is 31%.
What is the current EV/EBITDA multiple of PVR INOX?Current EBITDA multiple of PVR INOX is 8.2x.
What is the current FCF of PVR INOX?PVR INOX's last 12 months FCF is $92M.
What is PVR INOX's FCF margin?PVR INOX's last 12 months FCF margin is 13%.
What is the current EV/FCF multiple of PVR INOX?Current FCF multiple of PVR INOX is 20.0x.
How many companies PVR INOX has acquired to date?As of May 2026, PVR INOX has acquired 4 companies.
What was the largest acquisition by PVR INOX?$803M acquisition of INOX on 27th March 2022 was the largest M&A PVR INOX has done to date.
What companies PVR INOX acquired?PVR INOX acquired INOX, SPI Cinemas Pvt. Ltd., DT Cinemas, and Zea Maize.
In how many companies PVR INOX has invested to date?PVR INOX hasn't invested in any companies yet (or none have been disclosed publicly).

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