Cineline India (CINELINE) had a P/E of 24.1× on 6 Nov 2026, below the industry P/E of 49.3×, and the shares are 17% below their 52-week high. Sales and net profit grew 19% and 87% a year over 3 years, with ROCE of 10% and ROE of 9.3%. Debt is 0.55× equity, and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹331 Cr, ranked 19th of 55 Entertainment companies by market cap; the shares rose 4.0% over the past year.
- ₹89.36
- ₹89.37
- ₹85.15
- ₹89.37
- 14.3K
Health check
- ReturnsBehind
+4.0% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 24.1 vs industry 49.3.
- GrowthStrong
Sales +19.0%, profit +87.3% a year over 3 years.
- ProfitabilityWeak
ROCE 10.3% vs peer median 15.5%.
- Balance sheetFair
Debt 0.55× equity, interest covered 2.1×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹331 Cr
- Small cap
- P/E
- 24.1
- Industry 49.3
- Price to book
- 1.69
- Peers 6.52
- Dividend yield
- 1.44%
- ROE
- 9.3%
- Peers 11.6%
- ROCE
- 10.3%
- Peers 15.5%
- Debt to equity
- 0.55
- Debt ₹105 Cr
- EPS (TTM)
- ₹3.61
- Face value ₹5
- OPM (TTM)
- 22.1%
- Net margin 6.0%
- Sales growth
- +30.9%
- Latest quarter vs a year ago
- Profit growth
- +66.9%
- Latest quarter vs a year ago
- Price to sales
- 1.27
- EV/EBITDA 8.5
Strengths and risks
Strengths
- Quarterly profit up 66.9% on a year ago.
- Quarterly sales up 30.9% on a year ago.
- P/E of 24.1 against an industry P/E of 49.3.
- Positive operating cash flow in each of the last 4 years.
About Cineline India
Cineline India Limited, an entertainment company, engages in the theatrical exhibition and allied activities business under the Movie MAX brand name in India. The company operates multiplexes and single-screen theatres. It is also involved in the sale of movie tickets, food and beverages, and in-cinema advertisements and product displays. The company was formerly known as Cinemax Properties Limited and changed its name to Cineline India Limited in March…
- Headquarters
- Mumbai
- Employees
- 336
- Sector
- Communication Services
- ISIN
- INE704H01022
- Website
- moviemax.co.in
Price range
- Avg volume (3M)
- 30.4K
- 1-year return
- plus 4.0%
- From 52-week high
- minus 16.8%
Peers · Entertainment
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUSPrime Focus | 285.20 | minus 1.06% | 22,211 | 160.2 | 10.61 | 23.0% | 15.4% | 30.4% | −0.3% | 14.1% | 0.00% | plus 60.2% |
| PVRINOXPVR INOX | 1,565.60 | minus 1.00% | 15,050 | 35.8 | 2.08 | 7.1% | 6.0% | 33.2% | 20.9% | – | 0.00% | plus 36.1% |
| SAREGAMASaregama India | 619.65 | minus 1.96% | 11,895 | 49.3 | 6.52 | 16.0% | 13.9% | 35.5% | 10.6% | 3.8% | 0.73% | plus 39.7% |
| TIPSMUSICTips Music | 769.25 | plus 0.75% | 9,782 | 43.3 | 30.29 | 110.2% | 78.1% | 69.7% | 26.2% | 41.5% | 1.49% | plus 45.1% |
| JOJOJOJO | 109.80 | plus 0.14% | 7,572 | 163.9 | 20.64 | 15.5% | 11.6% | 46.5% | 525.5% | 694.1% | 0.01% | plus 159.8% |
| NETWORK18Network18 Media & Investments | 26.83 | minus 1.18% | 4,144 | – | 0.82 | 6.8% | −0.4% | 3.0% | −30.8% | – | 0.00% | minus 44.1% |
| IMAGICAAImagicaaworld Entertainment | 43.61 | plus 1.37% | 2,570 | 174.4 | 1.38 | 1.8% | 0.1% | 33.1% | 13.0% | −87.9% | 0.00% | minus 14.7% |
| CINELINECineline India | 86.90 | minus 2.76% | 331 | 24.1 | 1.69 | 10.3% | 9.3% | 22.1% | 19.0% | 87.3% | 1.44% | plus 4.0% |
| Median of 7 peers | – | −1.00% | 9,782 | 104.7 | 6.52 | 15.5% | 11.6% | 33.2% | 13.0% | 14.1% | 0.00% | 39.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 45.3 | 62 | 67.2 | 62.2 | 59.3 | |
| 39.6 | 49.1 | 50 | 48.5 | 47.7 | |
| 5.7 | 12.8 | 17.2 | 13.8 | 11.6 | |
| 12.6% | 20.7% | 25.6% | 22.1% | 19.5% | |
| 1.7 | 2.3 | 3 | 1.3 | 1 | |
| 3.2 | 3.2 | 3.4 | 3.4 | 3.6 | |
| 6.8 | 7 | 7.3 | 8.2 | 8.9 | |
| – | – | −0.6 | – | −1.5 | |
| −2.7 | 5 | 8.9 | 3.5 | −1.5 | |
| 23.9% | 19.2% | 30.3% | 4.1% | 18.3% | |
| −2.1 | 4 | 6.2 | 3.3 | −1.2 | |
| -0.60 | 1.18 | 1.81 | 0.97 | -0.35 |
Profit & loss
- Sales CAGR 3Y
- +19.0%
- Profit CAGR 3Y
- +87.3%
- EPS CAGR 3Y
- +81.7%
- ROE
- 9.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 141 | 190 | 211 | 237 | |
| – | +34.9% | +11.1% | +12.4% | |
| 116 | 137 | 171 | 187 | |
| 25.1 | 52.6 | 39.9 | 49.6 | |
| 17.8% | 27.7% | 19.0% | 21.0% | |
| 2.1 | 2.6 | 0.9 | 5.8 | |
| 33.4 | 28.1 | 27.7 | 13.1 | |
| 22.3 | 30.8 | 24.5 | 29.3 | |
| 0.5 | 2 | −69.2 | 1.7 | |
| −27.9 | −1.8 | −80.4 | 14.7 | |
| 22.8% | −23.4% | 24.5% | 21.5% | |
| 1.8 | −4.5 | −60.6 | 11.5 | |
| 0.56 | -1.39 | -17.70 | 3.36 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.8 | 17.1 | 17.1 | 17.1 | |
| 123 | 132 | 126 | 138 | |
| 354 | 350 | 106 | 121 | |
| 86.5 | 78.3 | 65 | 61.2 | |
| 580 | 577 | 314 | 337 | |
| 429 | 427 | 218 | 256 | |
| 4.6 | 8.9 | 4.5 | 13.2 | |
| 6.9 | 0 | – | – | |
| 26.2 | 13.1 | 35.5 | 14.5 | |
| 113 | 128 | 56.3 | 53.5 | |
| 580 | 577 | 314 | 337 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 76.3 | 41.8 | 48.3 | 37.8 | |
| 15.7 | −13.9 | 114 | −40.5 | |
| −93.8 | −40.3 | −139 | −20.7 | |
| −1.8 | −12.5 | 23.1 | −23.4 | |
| −2.6 | −17.5 | −41.3 | −40.1 | |
| 76.3 | 24.3 | 7 | −2.3 |
Shareholding pattern
- Promoters68.18%
- Public31.82%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.18% | 31.82% | 0.00 | |
| 30 Jul 2026 | 68.18% | 31.82% | minus 1.42 | |
| 30 Jun 2026 | 69.60% | 30.40% | 0.00 | |
| 31 Mar 2026 | 69.60% | 30.40% | 0.00 | |
| 31 Dec 2025 | 69.60% | 30.40% | – |
Major shareholders
Filings & events
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