Announcements‎ > ‎

Zone 4 - Subject Company – PVR Ltd. – Season 2016-17

posted Sep 6, 2016, 2:20 AM by Research Challenge India   [ updated Sep 6, 2016, 2:21 AM ]

Zone 4 – PVR Limited

Ticker: 532689 (BSE), PVR (NSE)

Sector -  Entertainment / Multi Media

Website -      

Profile:  PVR is the largest and the most premium film entertainment company in India. It is listed as India's Most Trusted Company in the Brand Trust Report consecutively since the past three years in the Category of Entertainment and Display.

Since its inception in 1997, the brand has redefined the way people watch movies in India. Serving 70 million patrons at PAN India level, the company acquired Cinemax in 2012 and has recently entered into definitive agreements to acquire DT Cinemas. Currently, PVR operates a circuit of 552 screens across 120 locations in 47 cities.

PVR Ltd, the integrated 'film and retail brand' has PVR Cinemas as its major subsidiary and PVR Leisure and PVR Pictures, the other subsidiaries. PVR Leisure focuses on rolling out F&B and retail entertainment concepts. It's one of a kind venture, 'PVR BluO' is the largest bowling chain in India comprising of 135 cosmic bowling lanes which spreads across 6 centers. PVR Leisure's first casual dining concept 'Mistral' is another venture that offers patrons a high quality food indulgence experience. Adding to the portfolio, PVR Pictures has been a prolific distributor of non-studio/ independent international films in India for many years. It is the Leading independent distribution company in India which has got a pan-India distribution network.


Students are requested to start their own readings/secondary research on the company. We will announce the Con Call date shortly. Please email us at for any questions. To check your college zone, please click here


Official Rules – 2016-17

2.4 Research

Only team members may conduct research on the subject company for the purposes of the CFA Institute Research Challenge. Teams may use only publicly available information in conducting their research.

a. Teams may utilize their industry mentor and/or faculty adviser as resources but may not enlist the help of any other professionals in conducting research specific to the subject company.

b. The written reports and presentations should be prepared from the perspective of an independent research analyst.

c. Teams can read existing research on the subject company but all analysis should be their own; they may not copy analysis (i.e., plagiarize) from another source into their written reports or presentations.7 Sourced information should be properly cited using a generally accepted citation system.

2.5 Interaction with Subject Company

Teams may not have contact with subject company corporate executives for the purposes of the CFA Institute Research Challenge other than during the informational session (described in the following text) and the one permitted follow-up communication.

a. The subject company may provide teams with an informational session. The informational session may include a question and answer (Q&A) session during which time teams may pose questions to the subject company and the subject company may respond.

b. Teams may send one follow-up email to the subject company. When contacting the subject company, each team must confine their contact to those corporate officers who normally interact with investors, such as investor relations officers, CEOs, or chief financial officers.

c. Teams may not contact subject company corporate executives for the purposes of the CFA Institute Research Challenge other than the informational session, the Q&A session, and the one permitted follow-up communication.

d. Teams are permitted to interact with the company as a member of the general public (e.g., teams may dine in a restaurant that is a subject company or take a tour of the subject company if it is publicly available).

e. Teams may contact the subject company’s customers, competitors, former employees, and suppliers in conducting research, including surveys; however, each team member must identify him/herself as a student and disclose his/her participation in the CFA Institute Research Challenge.

f. Prior to contacting the subject company, its customers, competitors, former employees, or suppliers, the team must submit its questions to the faculty adviser or industry mentor. The faculty adviser or industry mentor must participate in each communication but only for the purpose of ensuring that no material nonpublic information is discussed. Faculty advisers and industry mentors are not permitted to ask any questions or provide any opinions on the subject company. The time spent by the faculty adviser or industry mentor while monitoring this kind of communication will not count toward the maximum number of hours allotted for faculty adviser or industry mentor involvement.