67.4500 0.33 (0.49%)
NSE May 02, 2025 15:55 PM
Volume: 27,845
 

67.45
0.49%
IDBI Capital
We believe that despite a double-hit Demonetisation and GST UFO Moviez' InCinema advertisement is set for a 30%+ growth in FY18/19. We expect higher impact of GST in Q1FY18 vs. our earlier expectation and forecast a 13.2% YoY growth vs. 19.2% earlier. However, our FY18 forecast remains largely in-tact (-0.5%). Q1 has been between 16.6% and 23% of the full year advertisement revenue in FY15-17 and is 18.8% of our revised FY18 forecast. We largely maintain our FY18/19 revenue/EBITDA/EPS forecast. We maintain BUY with TP of 690 based on EV/EBITDA of 9x FY19E. Key Highlights and Investment Rationale...
UFO Moviez India Ltd. has lost -25.33% in the last 3 Months
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