CONNPLEX
Connplex Cinemas Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CONNPLEX
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹202 today
BEAR
₹338
+67%
5.8% a year · 23.4x exit
BASE
₹474
+135%
10% a year · 31.6x exit
BULL
₹572
+183%
13.6% a year · 36.9x exit
Where the market has priced it
17x15x today — outside the range41x
- this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 7 Movies/Entertainment peers
- at 15x its FY26 earnings the stock trades below the bottom of its own ten-year range (23x)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹13.65 (screener) |
|---|---|
| Guided growth | 10% a year, said on the call of 19-May-2026 · transcript |
| Read across as | operating: volume growth, realisation+margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 23.4x / 31.59x / 36.86x, this company’s own p20 / median / p80 across 7 filed years |
| Filed-industry peers | median 31.59x across 7 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
volume growth 10%generic growth 10%
Looking ahead to FY27 and beyond, we expect strong double-digit volume growth, supported by screen additions and rising footfall trends, we foresee continued revenue growth momentum driven by both ticket and non-ticket streams.
Call 19-May-2026 · bridge confidence medium · transcript PDF