BSE: 532807 | NSE: CINELINE | Film Production, Distribution & Entertainment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Cineline India Ltd is a below average quality company.
The key valuation ratios of Cineline India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cineline India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.5% | 10.2% | 10.4% | 9.2% | 9.2% | 9.9% | 10.1% | 2.9% | 1.7% | 9.2% | - |
| Value Creation Index ⓘ | -0.2 | -0.3 | -0.3 | -0.4 | -0.3 | -0.3 | -0.3 | -0.8 | -0.9 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 20.4 | 22 | 22.4 | 22.3 | 24.2 | 25.7 | 17.5 | 12.3 | 85.6 | 190 | 193 |
| Sales YoY Gr. | - | 8% | 1.8% | -0.8% | 8.9% | 5.9% | -32% | -29.3% | 593.4% | 121.6% | - |
| Adj EPS ⓘ | 0.8 | 2.1 | 3.8 | 3.8 | 3.5 | 2.7 | 3.1 | -2.6 | -4.1 | -0.6 | -3.5 |
| YoY Gr. | - | 157.5% | 82.5% | 0.3% | -6.6% | -24.7% | 17% | -182.3% | NA | NA | - |
| BVPS (₹) ⓘ | 27.8 | 29.8 | 33.8 | 37 | 40.5 | 43.3 | 46.1 | 45.5 | 50.1 | 56 | 54.7 |
| Adj Net Profit ⓘ | 2.2 | 5.8 | 10.5 | 10.6 | 9.9 | 7.4 | 8.7 | -7.7 | -12.9 | -2 | -12 |
| Cash Flow from Ops. ⓘ | 3.8 | -5.5 | 8 | 76.8 | -2.3 | 21.3 | -95.6 | -1.2 | 58.1 | 21 | - |
| Debt/CF from Ops. ⓘ | 15.6 | -22.8 | 16.7 | 1.7 | -69.1 | 8.1 | -2 | -162.5 | 2.1 | 5.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 28.1% | 50.9% | 121.5% | 121.6% | ||||
| Adj EPS ⓘ | -196.3% | -169.5% | -156.9% | NA | ||||
| BVPSⓘ | 8.1% | 6.7% | 6.7% | 11.8% | ||||
| Share Price | 17.8% | 32.9% | -0.9% | -26.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.9 | 7.2 | 11.8 | 10.5 | 9 | 6.3 | 6.9 | -5.7 | -8.1 | -1.1 | -6.2 |
| Op. Profit Mgn % ⓘ | 66 | 65.6 | 67.5 | 65.3 | 66.3 | 65.7 | 54.3 | 2.3 | 6.5 | 21.7 | 18.5 |
| Net Profit Mgn % ⓘ | 10.9 | 26.2 | 46.9 | 47.4 | 40.7 | 28.9 | 49.8 | -62.1 | -15.1 | -1 | -6.1 |
| Debt to Equity ⓘ | 0.8 | 1.5 | 1.4 | 1.2 | 1.4 | 1.4 | 1.4 | 1.4 | 0.8 | 0.6 | - |
| Working Cap Days ⓘ | 953 | 1,661 | 2,405 | 2,680 | 1,658 | 2,002 | 4,183 | 4,865 | 440 | 93 | 44 |
| Cash Conv. Cycle ⓘ | 29 | 13 | 7 | 13 | 19 | 12 | -14 | -41 | -29 | -35 | -26 |
Sales growth is growing at healthy rate in last 3 years 121.49%
Debt to equity has declined versus last 3 years average to 0.60
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at 9.36%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -3.5 | -3.4 |
| TTM Sales (₹ Cr.) | 193 | 209 |
| BVPS (₹.) ⓘ | 54.7 | 40.6 |
| Reserves (₹ Cr.) ⓘ | 171 | 124 |
| P/BV ⓘ | 1.55 | 2.09 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 82.14 / 149.95 |
| All Time Low / High (₹) | 6.33 / 204.45 |
| Market Cap (₹ Cr.) | 291 |
| Equity (₹ Cr.) | 17.1 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 36.6 |
| Mar'24 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 61.1 | 20 | 56.2 | -4 | 58.8 | -9.7 | 53.9 | -17.6 |
| Adj EPS (₹) ⓘ | 0.3 | -23.1 | 0.1 | -87.9 | 0 | -98.6 | 0.1 | -93.3 |
| Op. Profit Mgn % ⓘ | 4.68 | -500 bps | 3.74 | -744 bps | 1.97 | -724 bps | 5.09 | -246 bps |
| Net Profit Mgn % ⓘ | 3.44 | -198 bps | 0.92 | -597 bps | 0.09 | -741 bps | 0.64 | -738 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.03 | 41.46 | 38.52 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| PVR | 899.4 | -16.3 (-1.8%) | Small Cap | 5,897 | -29.4 | -0.6 | - | 1.3 |
| Saregama India | 494.5 | 14.7 (3.1%) | Small Cap | 803 | 10.3 | 25.1 | 46.8 | 6.2 |
| Shemaroo Entertain. | 97.1 | 0.6 (0.6%) | Small Cap | 677 | -35 | -6.4 | - | 0.6 |
| Balaji Telefilms | 50.7 | -1.4 (-2.6%) | Small Cap | 579 | 2.4 | 6.8 | 22.1 | 0.5 |
| UFO Moviez | 66.6 | -2 (-2.9%) | Small Cap | 408 | 4.2 | 4.5 | 16.4 | 0.9 |
| Panorama Studios Int | 205.2 | -4.1 (-1.9%) | Small Cap | 404 | 5.8 | 10.4 | 36 | 8.8 |
| Tips Music | 618.1 | -4.8 (-0.8%) | Small Cap | 242 | 12.7 | 52.4 | 49.2 | 32.7 |
| Cineline India | 84 | -0.8 (-0.9%) | Small Cap | 190 | -3.5 | -1 | - | 1.6 |
| Eros Internatl.Media | 8.7 | 0 (0%) | Small Cap | 140 | -43.3 | -301.7 | - | 0.1 |
| Tips Films | 528.6 | -0.5 (-0.1%) | Small Cap | 61.4 | -18.6 | 39.6 | - | 2.9 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 22 | 22 | 22 | 24 | 26 | 17 | 12 | 86 | 190 |
| Operating Expenses ⓘ | 7 | 8 | 7 | 8 | 8 | 9 | 9 | 12 | 80 | 149 |
| Manufacturing Costs | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 0 | 19 | 34 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 11 | 16 |
| Other Costs ⓘ | 4 | 4 | 4 | 4 | 5 | 4 | 6 | 10 | 50 | 98 |
| Operating Profit ⓘ | 13 | 14 | 15 | 15 | 16 | 17 | 8 | 0 | 6 | 41 |
| Operating Profit Margin (%) | 66.0% | 65.6% | 67.5% | 65.3% | 66.3% | 65.7% | 48.1% | 2.3% | 6.4% | 21.7% |
| Other Income ⓘ | 6 | 9 | 11 | 10 | 11 | 17 | 26 | 12 | 10 | 7 |
| Interest ⓘ | 8 | 10 | 8 | 8 | 10 | 18 | 19 | 20 | 22 | 29 |
| Depreciation ⓘ | 6 | 6 | 4 | 4 | 4 | 5 | 4 | 3 | 10 | 20 |
| Exceptional Items ⓘ | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 8 | 8 | 14 | 13 | 14 | 10 | 12 | -11 | -17 | -1 |
| Tax ⓘ | 4 | 2 | 4 | 3 | 4 | 2 | 4 | -3 | -5 | 1 |
| Profit After Tax | 4 | 6 | 11 | 11 | 10 | 8 | 8 | -7 | -13 | -2 |
| PAT Margin (%) | 19.4% | 26.2% | 46.9% | 47.4% | 40.7% | 29.8% | 45.4% | -59.8% | -14.7% | -0.8% |
| Adjusted EPS (₹) | 1.4 | 2.1 | 3.8 | 3.8 | 3.5 | 2.7 | 2.8 | -2.5 | -4.0 | -0.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 78 | 84 | 96 | 104 | 114 | 122 | 130 | 138 | 159 | 192 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 15 | 16 | 17 |
| Reserves ⓘ | 64 | 70 | 82 | 90 | 100 | 108 | 116 | 123 | 143 | 175 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 58 | 124 | 129 | 124 | 156 | 168 | 182 | 183 | 115 | 108 |
| Long Term Debt | 58 | 124 | 129 | 124 | 156 | 168 | 182 | 183 | 115 | 108 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 15 | 17 |
| Others Liabilities ⓘ | 18 | 22 | 16 | 26 | 31 | 48 | 33 | 23 | 200 | 175 |
| Total Liabilities ⓘ | 154 | 230 | 241 | 255 | 302 | 339 | 347 | 345 | 489 | 492 |
Fixed Assets | ||||||||||
| Gross Block | 130 | 130 | 10 | 10 | 10 | 107 | 87 | 2 | 227 | 250 |
| Accumulated Depreciation | 36 | 43 | 1 | 2 | 2 | 3 | 7 | 1 | 31 | 49 |
| Net Fixed Assetsⓘ | 93 | 87 | 9 | 8 | 8 | 104 | 80 | 1 | 196 | 200 |
| CWIP ⓘ | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 9 |
| Investmentsⓘ | 0 | 0 | 75 | 73 | 223 | 0 | 90 | 90 | 220 | 220 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Trade Receivables | 2 | 3 | 3 | 3 | 3 | 2 | 3 | 1 | 3 | 3 |
| Cash Equivalents | 1 | 1 | 1 | 1 | 22 | 0 | 10 | 25 | 24 | 10 |
| Others Assetsⓘ | 58 | 138 | 153 | 170 | 46 | 233 | 164 | 225 | 39 | 48 |
| Total Assets ⓘ | 154 | 230 | 241 | 255 | 302 | 339 | 347 | 345 | 489 | 492 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | -6 | 8 | 77 | -2 | 21 | -96 | -1 | 58 | 21 |
| PBT ⓘ | 8 | 8 | 14 | 13 | 14 | 10 | 12 | -11 | 8 | -1 |
| Adjustment ⓘ | 8 | 7 | 1 | 2 | 2 | 8 | -1 | 15 | -4 | 44 |
| Changes in Working Capital ⓘ | -10 | -17 | -8 | 65 | -16 | 7 | -104 | -6 | 54 | -21 |
| Tax Paid ⓘ | -2 | -2 | 1 | -3 | -2 | -4 | -3 | 1 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 5 | -50 | 0 | -58 | 3 | -38 | 109 | 14 | 7 | -14 |
| Capex | 0 | -59 | -2 | -80 | -9 | 118 | 34 | 7 | 3 | -17 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 6 | 9 | 2 | 23 | 12 | -157 | 76 | 7 | 4 | 3 |
| Cash Flow From Financing Activityⓘ | -9 | 56 | -8 | -19 | 20 | -5 | -5 | 3 | -66 | -21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 8 | 15 |
| Net Proceeds from Borrowing ⓘ | -2 | 66 | 7 | -4 | 29 | 13 | 15 | 5 | -70 | -6 |
| Interest Paid ⓘ | -8 | -8 | -14 | -14 | -9 | -18 | -19 | -20 | -22 | -28 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 3 | 18 | -2 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 21 | -22 | 9 | 16 | -1 | -14 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.21 | 7.15 | 11.8 | 10.63 | 9.08 | 6.51 | 6.33 | -5.55 | -8.51 | -0.89 |
| ROCE (%) | 11.54 | 10.17 | 10.36 | 9.15 | 9.18 | 9.92 | 10.08 | 2.91 | 1.66 | 9.18 |
| Asset Turnover Ratio | 0.14 | 0.11 | 0.1 | 0.09 | 0.09 | 0.08 | 0.05 | 0.04 | 0.21 | 0.39 |
| PAT to CFO Conversion(x) | 1 | -1 | 0.73 | 7 | -0.2 | 2.63 | -12 | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 47 | 39 | 45 | 45 | 41 | 33 | 48 | 62 | 10 | 6 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 4 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cinemax India (CIL) incorporated in May 2002 as Cineline Entertainment (
'Cinemax' is one of the most recognizable film exhibition brands in the areas where we operate. We have theaters in Ahmedabad, Panipat, Nagpur, Hyderabad, Kolkata, Kanpur, Raipur, Gandhinagar, Mumbai, Thane, Vashi, Cochin, Baroda, Rajkot, Siliguri, Nashik, Delhi, Bangalore, Pune, Surat and coming soon in Chennai and launching additional properties in Pune and Bangalore.
CIL has four wholly owned subsidiaries namely Vista Entertainment (VEPL), Growel Entertainment (GEPL), Cinemax Motion Pictures (CMPL) and Nikmo Finance (NFPL).
The company is among the largest exhibition theatre chains in India operating with 39 properties, 138 screens and 33,522 seats.
Business Area
Exhibition – The Company is engaged in film exhibition and has also conducted many premieres.
Gaming – The company is also engaged in gaming business and operates it under the brand name ‘Giggles- The Gaming Zone'. Currently the company operates gaming zone in Eternity Mall, Thane, spread over 13,000 sq ft of area and offers around 50 state-of the art games.
Our Gaming business which is currently operational under the brand name – ‘Giggles- The Gaming Zone' at Eternity Mall, Thane. It is spread over 13,000 sq ft of area and offers around 50 state-of –the –art games. We have also opened ‘Giggles- The Gaming Zone' at Eternity Mall,
Food Court- The company also operates food court under the brand “INDULGEâ€.
Production and Distribution- The company has also entered into film distribution and production.
Mall Development- The company is also engaged in mall development. The company has developed over 200,000 sq feet of mall area at Eternity mall in Thane and over 100,000 sq ft of area in
Outlook
The company plans to develop 85 properties and 250 screens across
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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