Cineline India Ltd

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NSEBSE

120.20-2.10 (-1.72%)

03:47 PM,5th Mar 2024

119.90-1.05 (-0.87%)

04:01 PM,5th Mar 2024

BSE : 532807

NSE : CINELINE

Sector : Media

ISIN Code : INE704H01022

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Last Updated: Mar 05 2024 | 04:01 PM IST

Market Cap (₹ Cr)

411

Turnover (₹ Cr)

0.03

Volume (Shares)

23008

Face Value

5

52-WK High

184.90

52-WK High Date

05 Feb 2024

52-WK Low

71.65

52-WK Low Date

22 May 2023

All Time High

213.65

All Time High Date

19 Feb 2007

All Time Low

6.15

All Time Low Date

29 Aug 2013

Cineline India Ltd

Cinemax India Limited was incorporated in the year 2002 as Cineline Entertainment (India) Pvt Ltd to carry on the business of building owning and operating Multiplexes Theatres and entertainment centres. The name of the Company was changed to Cinemax Cinemas (India) Pvt Ltd on December 23 2005. On June 12 2006 the Company got converted into a public limited company and the name was changed to Cinemax India Limited. Through the Scheme of Arrangement for Demerger further the Company was renamed from Cinemax India Limited to Cinemax Properties Limited on 9 May 2012 and to Cineline India Limited on 26 March 2013.Cinemax India Ltd a part of the Kanakia Group is one of the most prominent entertainment companies in India. The Company is engaged in business of movie exhibition in India. It run one of the largest film exhibition chains in the country with 25 properties having 74 screens out of which 32 screens are in tax-free locations. They also operate in the gaming business under the brand name Giggles. There are four Giggles outlets in the country Eternity Mall Thane; Eternity Mall Nagpur; Iscon Mall Rajkot and Dev Arc Mall Ahmedabad.The company has four subsidiaries namely Vista Entertainment Pvt Ltd Growel Entertainment Pvt Ltd Nikmo Finance Pvt Ltd and Cinemax Motion Pictures Ltd. Nikmo Finance is a subsidiary of Growel Entertainment Pvt Ltd. The multiplex at Versova Mumbai is operating under Vista Entertainment Pvt Ltd and the multiplex at Kandivali-East Mumbai is operating under Nikmo Finance Pvt Ltd. The Company started its operations in 1997 by acquiring a single-screen theatre in Mumbai and later retrofitting it into a two screen multiplex. In December 1997 the first theatre operations was started in Goregaon-West Mumbai that was owned and operated collectively by the merged entities Kanakia Creators Private Ltd and Kanakia Shelters Pvt Ltd. In February 1998 the second theatre commenced its operation at Kandivali-West Mumbai which was owned and operated by the merged entity Hariyash Theatres Pvt Ltd. In August 1998 theatre at Andheri-East Mumbai commenced its operation that was owned and operated by the merged entity Vrushti Theatres Pvt Ltd. In October 2000 the first theatre with multiple screens at Sion Mumbai under the brand name Cine Planet commenced its operations which was owned and operated by the merged entity Rupam Pvt Ltd. In December 2003 the company commenced operation in the first Multiplex at Wonder Mall Thane under the brand name Cine Wonder. In May 2004 they commenced operation in the multiplexes at Mira Road Mumbai under the brand name Cine Prime and at Nasik under the brand name of Cine Zone. In December 2004 Vista Entertainment Pvt Ltd became a subsidiary of the company. In April 2005 all the Theatres/ Multiplexes renamed to Cinemax to create a chain of Theatres/ Multiplexes centered on the brand Cinemax. In September 2005 the company operated a Multiplex at Versova under a conducting arrangement through their subsidiary Vista Entertainment Pvt Ltd.In April 2006 the company carried out a restructuring exercise wherein seven of their group companies namely Rupam Pvt Ltd Hariyash Theatres Pvt Ltd Kanakia Shelters Pvt Ltd Kanakia Creators Pvt Ltd Vrushti Theatres Pvt Ltd Cineline Cinemas (India) Pvt Ltd and Cineline Multiplex Theatres (India) Pvt Ltd were merged with the company with effect from April 1 2006.In April 2006 Growel Entertainment Pvt Ltd became the subsidiary of the company. In May 2006 the company opened the Eternity Mall with Multiplex and the first Giggles-The Gaming Zone at Cinemax-Eternity Mall in Thane. During the year 2006-07 the company made an initial public offer of 89.20 lakh equity shares having face value of Rs 10 each comprising of fresh issue of 70 lakh equity shares and 19.20 lakh equity shares by way of offer of sale by promoters. The equity shares of the company were listed on the National Stock Exchange and Bombay Stock Exchange on February 14 2007.During the year 2007-08 the company opened 19 new screens taking the total number of screens across the country to 52. In April 22 2008 they incorporated Cinemax Motion Pictures Ltd for movie distribution and production business.During the year 2008-09 the company opened 22 new screens in 7 new properties adding 6301 seats and this taking the total seat capacity to 20305 across 25 properties in 6 states. They commenced three Giggles outlets in the Eternity Mall Nagpur; Iscon Mall Rajkot and Dev Arc Mall Ahmedabad.The Company in 2011 launched 5 new locations at Kochi Ahmedabad Vadodara Raipur and Malegaon. It also launched an 8 lane bowling alley called 'Versus' at Pacific Mall in Delhi. In 2012 the Theater Exhibition business of the Company was demerged into separate entity viz. Cinemax Exhibition India Limited (CEIL) ongoing concern basis through the Composite Scheme of Arrangement for Demerger and made effective on 20 April 2012. In terms of the said Scheme of Demerger 1 fully paid Equity Share of Rs 5 each of CEIL shall be issued and allotted for every 1 fully paid Equity Share of Rs 10 each held in the Company. In 2014 the Company launched RED Lounge Mumbai's first-ever cinema with all recliner seats at their theaters; in 2017 it established some of the most iconic cinema halls in the country located at Inorbit Mall (Hyderabad) Infinity Mall Andheri (Mumbai) Pacific Mall (Delhi).In 2022 the Company launched 'Movie Max' it launched 4-Screen Cinema in The Gateway Mall of Uttar Pradesh; it provided a Luxurious Cinematic Experience in The City of Pearls and then further provided a luxurious Cinema in the City of Nawabs.

Cineline India Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

411

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

1.89

Face Value (₹) 5
Latest Dividend (%)10.00
Latest Dividend Date 11 Sep 2017
Dividend Yield (%) -
Book Value Share (₹) [S]63.71
P/B Ratio (₹) [S]1.89
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Edelweiss Balanced Advantage Fund (G) 0.49 25000 1.57

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

119.50

123.80

Week Low/High

115.40

132.00

Month Low/High

115.40

185.00

Year Low/High

71.65

185.00

All time Low/High

6.33

214.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.15%-1.19%0.800.71%
1 Month-24.92%-24.85%2.712.69%
3 Month-2.32%-2.36%6.327.20%
6 Month4.20%4.84%12.0014.21%
1 Year14.59%15.80%23.1927.07%
3 Year209.00%208.60%46.1749.66%

Company Info

Company Information

Executive Chairman : Rasesh Kanakia

Managing Director : Himanshu Kanakia

Independent Director : Anand Bathiya

Executive Director : Hiral Kanakia

Independent Director : Naushad Panjwani

Independent Director : Shantilal Haria

Company Sec. & Compli. Officer : Rashmi Shah

Registered Office: Kanakia Future City Blg No 2, CTS No 101 Village Tirandaz,Mumbai,Maharashtra-400076 Ph:

Email:investor@cineline.co

URL:http://www.moviemax.co.in