Has management given any commentary on slow screen growth this year?
They had added 60+ screens in FY23. They have added less than 10 screens in FY24. Each screen contributes to 8-10 Cr valuation.
Investor value creation only happens through screen addition in movie business. You can play with 10-20% with ATP + SPH increase. For multibagger returns, they need to add 30-40 screens every year.
I see only 2 possibilities - Sell hotel/ Dilute equity and bring growth money.
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