74.60 0.15 (0.20%)
NSE Oct 19, 2020 15:31 PM
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UFO Moviez India Ltd.    
19 May 2017, 12:00AM
IDBI Capital
Over-all revenue growth was a beat due to higher hardware sales. EBITDA margin of 31.2%, 490bps YoY, was a miss. However, EPS of Rs7.1, +7.7% YoY, was a beat aided by lower tax rate. UFO Moviez has maintained its FY18 guidance for a 30% advertisement revenue growth. Given the pick-up in CARVAN business and alliance with United Media Works, we are confident of UFO Moviez achieving the guidance and forecast a 34% YoY growth. We largely maintain our FY18/19 revenue/EBITDA/EPS forecast. We rollover to FY19E and value UFO Moviez at 8x EV/EBITDA (9x FY18E earlier). We maintain BUY with TP of 690 (from Rs675)....
UFO Moviez India Ltd. has lost -48.19% in the last 1 Year
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