Connplex Cinemas Ltd(CONNPLEX)

NSE: CONNPLEX

₹ 219.95+0.69%refreshed 26 Oct, 02:01 pm ISTMarket cap: ₹ 420 crUpdated: 24 Oct 2026

About

Connplex Cinemas Ltd builds and runs cinemas in India, largely through a franchise model, earning fees for setting up cinemas plus income from ticket sales, food and beverage, and advertising. At the end of FY26 it had 41 cinemas with 113 operational screens across 9 states. Revenue for FY26 was ₹14,752 lakhs, up 54% YoY.^[1]

Revenue streams

FY26 revenue split: cinema making/franchise fees ₹6,481L, ticket sales ₹6,213L, F&B ₹782L, advertising ₹291L.^[1]
H1 FY26: ₹29.85 crore from setting up cinemas, ₹25 crore from ticket sales, ₹3 crore F&B revenue share and ₹1.12 crore advertising income.^[2]
Advertising revenue rose 107% YoY to ₹112.38 lakhs in H1 FY26.^[2]
VPF income was ₹3.18 crore in FY26.^[1]

Screen network and formats

As of FY26: 41 cinemas and 113 operational screens across 9 states, up from 31 cinemas, 83 screens and 6,831 seats at H1 FY26.^[1][2]
FY26 formats: Express (43), Signature (38) and Luxuriance (32).^[1]
30 screens were added in H2 FY26, against 17 in H1 FY26.^[1][2]
Screen count grew at a 68% CAGR over FY23-FY26.^[1]
Core markets are Gujarat, Maharashtra, Bihar, Telangana and Andhra Pradesh; Bihar has 6 cinemas and Gujarat 8 planned in the expansion.^[1]

Key operating numbers

Footfalls reached 27.63 lakh admits in FY26, up 63% YoY from 16.96 lakh.^[1]
Average ticket price was ₹264 in FY26 (+6% YoY), vs ₹243 in H1 FY26 and ₹229 in H1 FY25.^[1][2]
F&B spend per head was ₹95 in FY26 (+14% YoY), vs ₹94 in H1 FY26 and ₹81 in H1 FY25.^[1][2]
Occupancy was 32% in H1 FY26 vs 30% in H1 FY25; well-performing cinemas ran at 30-35% in FY26.^[2][1]
Employees rose to 143 by FY26 from 96 as of 31 March 2025.^[1]

Markets and customers

Management says Tier 2 and Tier 3 cities are the fastest-growing markets, with lower rentals; in several towns Connplex is the only cinema (H1 FY26).^[2]
The order book is made up of signed LoIs; franchisees pay an upfront fee when they sign (H1 FY26).^[2]

Expansion pipeline

Order book of 230 upcoming screens as of FY26, which with the operational base makes 343 screens; this compares with ~200 screens at H1 FY26.^[1][2]
40-45 cinemas were under construction at FY26 end, expected to open before September 2026.^[1]
FY27 target is 80-85 screen additions, possibly over 100, up from a 60-75 target given in H1 FY26.^[1][2]
FY28 screen additions are targeted to be ~25% above FY27 additions; the long-term ambition is 1,000 screens by 2030.^[1][2]
Planned FY27 entry into Jammu & Kashmir, Chhattisgarh, Nagaland, Punjab, Bangalore and Odisha, plus more cinemas in Telangana and Jharkhand.^[1]
About ₹23 cr of IPO proceeds remained at H1 FY26, to be used for projectors and LEDs as new cinemas are built.^[2]

Technology and procurement

In FY26 Connplex was granted a process patent for non-ECI servers connected to active LED screens.^[1]
After the IPO, it negotiated DCI projector prices down from ₹27.5L to ₹27L, and cut about ₹1L off smaller ~₹5L units (H1 FY26).^[2]

Market Cap

₹420 Cr

High / Low

₹312 / 188

Stock P/E

16.2

Price / Book

0.0

EPS

₹13.7

No. of Shares

1.91 Cr

OPM

23.4%

Sales

₹148 Cr

Net Profit

₹26 Cr

Promoter holding

70.1%

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