PVR Inox share price today

PVR Inox Ltd's share price was ₹1,577.30 at the close on 4 November 2026. It has been rising for 11 weeks. That is 37.6% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹931 and ₹1,577, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today PVR Inox Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 17 weeks in a row.

Over the last 11 years the share price moved +119% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 16 quarters, profit up on a year earlier for 8 quarters in a row and revenue up on a year earlier for 6 quarters in a row.

1. Best operating margin in 16 quarters

   Operating margin was 37% in the September 2026 quarter, against 34% a year earlier.

   Why: The margin rose because stronger sales let the company spread its fixed costs over more business.

   Next results: check whether food sales and live sport keep the higher margin.

   From the earnings call on 28 Oct 2026.

2. Profit up on a year earlier for 8 quarters in a row

   In the September 2026 quarter profit was ₹263 crore, +148.1% on a year earlier.

   Why: Profit rose because sales increased and the company kept a bigger part of each sale after costs.

   From the earnings call on 28 Oct 2026.

3. Revenue up on a year earlier for 6 quarters in a row

   In the September 2026 quarter revenue was ₹2,105 crore, +16.9% on a year earlier.

   Why: More people came to the cinema and food spending per visitor rose.

   From the earnings call on 28 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), PVR Inox reported revenue of ₹2,105 crore, up 16.9% from ₹1,800 crore a year earlier, and a profit of ₹263 crore, up 148.1% from ₹106 crore.

PVR Inox results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

PVR Inox's management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

PVR Inox closed at ₹1,577.30 on 4 November 2026, up 36.8% from ₹1,153.20 a year earlier (7 November 2025) and down 10.6% over five years. Its highest weekly close since March 2016 was ₹2,144.25 on 29 July 2022.

PVR Inox share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: PVR Inox closed at ₹1,577.30, up 5.5% on the week and up 29.8% on the month. 28 Oct 2026: PVR Inox held its results call for July to September 2026. Management guided: FY27 90-100 new screens bulk in H2 mainly capital-light including 2-3 Smart Cinemas.

Earlier

• Results for July to September 2026: Revenue up 16.9% and profit up 148.1% on a year earlier.
• Our read, 22 Aug 2026: The earnings recovery is real but remains content-sensitive: capital-light expansion and lower leverage can lift returns, while screen-delivery cuts and an elevated margin base require execution proof.

Our read of the business

April to June 2026: Revenue rose while reported profit remained positive against a loss-making comparable quarter.

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

PVR Inox has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

Not in its latest year. PVR Inox Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 7 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, PVR Inox's management guided: FY27 90-100 new screens bulk in H2 mainly capital-light including 2-3 Smart Cinemas.

“Merger synergies, cost discipline, and capital efficiencies have made PVR Inox Ltd. a structurally stronger business.”Ajay Bijli, on the call for July to September 2026

What management guided

• Return around 30% of annual surplus cash flow via dividends buybacks or mix at board discretion.
• Net debt to operating profit kept within 0.5 times after any distribution as balance-sheet guardrail.
• Pay-per-eyeball digital ad platform to monetise sleeper footfalls planned 8-10 months out.
• Maximum 3-4 year payback discipline on every new unit even at 200 screens a year.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

One change in PVR Inox's own numbers looks lasting: debt falling. Also showing up, but too early to call lasting: costs spread over more sales and higher-value products and a better mix.

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Checked against results and calls up to April to June 2026, 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

The thesis fails if screen openings remain delayed through the next reported quarter while operating profit margins fall below the prior-year level despite the planned content slate.

Each change stops working if

• Operating leverage from admissions and spend: Admissions weaken or content breadth does not support occupancy and spend.
• Capital-light screen rollout: Licences continue to delay openings or the lower goal is missed.
• Balance-sheet reset: Expansion spending rises faster than operating cash generation.
• Broader content and advertising recovery: The content slate underperforms or advertisers do not return with audience growth.

The main risks

• Screen-delivery downgrade: The FY27 screen plan has been cut and openings depend on regulatory licences. ⚠ estimate
• Content-led earnings volatility: Admissions, advertising and profitability depend on film mix and release timing. ⚠ estimate
• Optical reported-profit risk: Reported quarterly profit includes flagged other-income and tax effects. ⚠ estimate
• Margin normalization: Current operating margin is above the normalized margin estimate. ⚠ estimate

Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When PVR Inox reports October to December 2026, these are the 6 checks that show whether the story is still on course. First: Interest expense below ₹164 crore in the Sep 2026 quarter, with net cash held or grown while FY27 capital spending runs near ₹350 crore.

PVR Inox is on 4 of our India lists: Multibagger study list, Momentum stocks, 52 week high & low and Small & mid cap stocks.

PVR Inox Ltd earned ₹263 Cr of net profit in the Sep 2026 quarter, +148.1% on the same quarter a year earlier. Full-year FY26 profit was ₹333 Cr. Over 10 years profit has grown 12.9% a year on average. That is 12.5% of the quarter's revenue. The same quarter a year earlier earned ₹106 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

5 of the last 12 reported quarters were loss-making.

PVR Inox Ltd reported ₹2,105 Cr of revenue in the Sep 2026 quarter, +16.9% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown 13.6% a year on average. The last full year, FY26, came in at ₹6,646 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹7,124 Cr.

FY26 revenue was ₹6,646 Cr, +16.6% on the year before.

Recent pace: the last four quarters grew +15.6% on average, against 13.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.0%, against +12.6% a year over the last 8 quarters (stabilising).

PVR Inox Ltd's operating margin was 37.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between −120.0% and 32.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +2.4 percentage points on the year while gross margin changed +0.0 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 688% of PVR Inox Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹2,160 Cr of operating cash against ₹333 Cr of profit. After ₹673 Cr of spending on assets, ₹1,487 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

PVR Inox Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹6,646 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹2,715 Cr on assets over the last 3 years.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Averaged over those years that is 13.6% of FY26 revenue a year.

Spending on assets: ₹2,715 Cr over the last 3 years, against ₹3,766 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹32.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

PVR Inox Ltd's P/E is 32.6×, about the lowest it has ever been. Its usual P/E (the middle reading) is 54.8×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹61.30.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.