Cineline India Limited
90.79
INR
+2.78
(+3.16%)
ISIN
INE704H01022
Return %
Stock
S&P 500
1Y
2.13
14.20
3Y
-22.04
81.12
5Y
-20.71
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Ashish Rasesh Kanakia
- Full Time Employees
- 336
- Sector
- Consumer services
- Industry
- Movies/Entertainment
- Address
- Vilco Centre Mumbai MA India 400057
- IPO Date
- Jan 18, 2007
- Website
- moviemax.co.in
- Similar Companies
- Business
- Cineline India Limited operates primarily in the entertainment industry, specializing in theatrical exhibition and allied activities under the MovieMAX brand. The company manages multiplexes and single-screen theatres across India, with 77 operational screens at 21 properties spanning six states and an additional 82 screens in the pipeline through strategic tie-ups. Cineline India also has a history in hospitality, previously operating the Hyatt Centric hotel in Goa, which it recently sold as part of a strategic shift to focus on its core cinema exhibition business. Founded in 1997 and headquartered in Mumbai, the company engages in building, owning, and operating cinema properties. Cineline India's main products and services include the operation and management of cinema screens, multiplexes, and theatres; leasing and property management related to entertainment venues; and previously hospitality operations through hotel ownership. The company runs its exhibition business primarily under the MovieMAX brand, catering to a wide audience across multiple Indian states. In the last two years, Cineline India has undergone significant operational and financial changes, including monetizing non-core real estate assets worth approximately Rs 351 crore, which includes the sale of the Hyatt Centric Goa hotel for Rs 270 crore, Eternity Mall in Nagpur, and commercial properties in Mumbai. This asset monetization enabled the company to retire its outstanding debt, becoming net debt-free and allowing it to pursue a capital-light growth strategy focused on film exhibition expansion. Recent moves also include acquiring 27 additional screens on a lease basis in key regions like Uttar Pradesh, Rajasthan, and Noida, and planning to add new screens under its multiplex brand. The company has shifted its strategic focus solely to cinema exhibition, ceasing hospitality operations and emphasizing screen expansion and market presence growth.