Prime Focus Ltd
PFOCUS NSE
Prime Focus Ltd
MediaNSE: PFOCUS BSE: 532748 Media & Entertainment
Key Fundamentals
SmallcapMedia & EntertainmentMediaMarket Cap
₹20,548 Cr
Volatility
Moderate
P/E Ratio
192.11
EBITDA
₹1,310 Cr
Return on Equity
-22.43%
Debt to Equity
2.74
Book Value
₹26.82
52W High
₹367
52W Low
₹139.04
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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39 extracted metrics + investor summaries across FY12–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
4- Stock is trading at 9.90 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -14.0% over last 3 years.
- Promoter holding has decreased over last 3 years: -9.22%
Growth Rate
Revenue Growth
19.91% ↗
Net Income Growth
-168.54% ↘
Cash Flow Change
1008.98% ↗
ROE
-64.36% ↗
ROCE
-703.33% ↘
EBITDA Margin (Avg.)
5.44% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoAI opinion · based on fundamentals
Risk high
Prime Focus Ltd trades at a market cap of ₹21,445 Cr with a PE of 147.9x and a price-to-book of 10.26x. The company has delivered strong stock price appreciation (1-year CAGR of 70%) and TTM sales growth of 29%, but carries a negative 3-year average ROE of -14% and declining promoter holding over the past three years.
Bull Case 7
- TTM revenue growth of 29% signals strong demand momentum in the media/VFX space
- Stock has delivered a 1-year CAGR of 70%, reflecting significant market confidence in the business trajectory
- 3-year stock CAGR of 44% and 5-year CAGR of 40% demonstrate sustained long-term wealth creation
- Compounded profit growth of 54% over 5 years indicates meaningful operating leverage kicking in
- Last year ROE turned positive at 17%, a sharp reversal from the negative 3-year average of -14%
- Company is expected to deliver a good upcoming quarter based on business visibility
- 10-year compounded sales growth of 13% shows the business has scaled consistently over a long period
Bear Case 8
- PE ratio of 147.9x is extremely elevated, leaving little margin of safety if growth disappoints
- Price-to-book of 10.26x is very high, meaning the stock prices in substantial future value creation
- 3-year average ROE of -14% indicates the company destroyed shareholder value for an extended period
- Promoter holding has declined by 9.22% over the last 3 years, signaling potential lack of promoter confidence
- Zero dividend yield means shareholders depend entirely on capital appreciation with no income cushion
- Low interest coverage ratio suggests the company's operating profits barely cover its debt servicing obligations
- 3-year compounded sales growth of 0% shows revenue stagnated before the recent TTM pickup
- 5-year ROE averages -2% and 10-year ROE averages -5%, indicating structurally weak returns on equity over longer horizons
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Headwinds 1
- Net loss widens on IBC charge Aug 6
Prime Focus reported a consolidated net loss of ₹457.8 million in Q1FY27 due to an exceptional charge related to IBC resolution proceedings, despite revenue growing 28.6% YoY.
Positives 1
- Revenue up 28.6% YoY Aug 6
Q1FY27 consolidated revenue rose 28.6% YoY to ₹12,560.8 million, indicating strong topline momentum in the media services business.
Neutral 2
- Reg 30(5) authority delegated to KMPs Aug 6
Prime Focus authorized Chairman Naresh Malhotra and CFO Vikas Rathee to determine materiality of events under SEBI Regulation 30(5), streamlining disclosure processes.
- Reliance lawsuit amicably settled Aug 5
Prime Focus withdrew its suit against Reliance Alpha Services after an amicable settlement; the Bombay High Court dismissed the case on August 4, 2026.
TL;DR: Prime Focus is delivering strong revenue growth of 28.6% YoY, but profitability is marred by a ₹457.8 million net loss driven by an exceptional IBC-related charge. The settlement of the Reliance dispute removes a legal overhang. The trend is mixed — topline momentum is encouraging, but investors will watch for clean earnings once exceptional items normalize.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,210 | 1,026 | 841 | 873 | 813 | 897 | 909 | 979 | 1,023 | 1,061 | 1,207 | 1,384 | 1,267 |
| Expenses | 1,057 | 1,033 | 815 | 832 | 739 | 686 | 641 | 747 | 779 | 765 | 813 | 896 | 966 |
| Operating Profit | 153 | -7 | 26 | 42 | 75 | 211 | 268 | 232 | 244 | 296 | 394 | 488 | 301 |
| OPM % | 13% | -0.7% | 3.1% | 4.8% | 9% | 24% | 29% | 24% | 24% | 28% | 33% | 35% | 24% |
| Other Income | 59 | 12 | 105 | 81 | 30 | 131 | -84 | -231 | 167 | -31 | -12 | -41 | -28 |
| Interest | 156 | 160 | 117 | 125 | 127 | 128 | 150 | 133 | 114 | 120 | 133 | 148 | 126 |
| Depreciation | 125 | 128 | 132 | 113 | 112 | 139 | 128 | 126 | 133 | 139 | 167 | 218 | 179 |
| PBT | -69 | -284 | -118 | -116 | -135 | 75 | -94 | -257 | 164 | 6 | 83 | 82 | -33 |
| Tax % | 5% | -10% | -33% | -31% | 17% | 33% | 6% | -2% | 33% | 30% | 16% | -44% | 40% |
| Net Profit | -72 | -257 | -79 | -80 | -158 | 50 | -99 | -252 | 110 | 4 | 69 | 118 | -46 |
| EPS in Rs | -2.27 | -7.37 | -1.85 | -2.01 | -3.98 | 1.11 | -2.01 | -7.7 | 2 | 0.05 | 0.91 | 1.06 | -0.53 |
Profit & Loss
| Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,606 | 1,382 | 2,153 | 2,257 | 2,539 | 2,928 | 2,536 | 3,386 | 4,644 | 3,951 | 3,599 | 4,676 | 4,919 |
| Expenses | 1,364 | 1,180 | 1,743 | 1,840 | 2,180 | 2,524 | 1,947 | 2,589 | 3,670 | 3,697 | 2,812 | 3,252 | 3,439 |
| Operating Profit | 241 | 203 | 410 | 416 | 359 | 404 | 590 | 797 | 975 | 253 | 787 | 1,423 | 1,480 |
| OPM % | 15% | 15% | 19% | 18% | 14% | 14% | 23% | 24% | 21% | 6% | 22% | 30% | 30% |
| Other Income | -228 | -38 | 121 | 34 | 123 | 13 | 45 | -89 | 219 | 216 | -154 | 83 | -112 |
| Interest | 73 | 262 | 172 | 212 | 237 | 231 | 251 | 373 | 421 | 558 | 538 | 515 | 527 |
| Depreciation | 221 | 203 | 255 | 277 | 304 | 381 | 422 | 417 | 527 | 498 | 505 | 658 | 703 |
| PBT | -281 | -301 | 105 | -39 | -58 | -196 | -39 | -82 | 246 | -587 | -411 | 334 | 137 |
| Tax % | 12% | 5% | 9% | 15% | -44% | -21% | 46% | 111% | 45% | -17% | 12% | 10% | — |
| Net Profit | -313 | -317 | 96 | -44 | -33 | -154 | -56 | -174 | 194 | -488 | -458 | 301 | 145 |
| EPS in Rs | -9.78 | -9.48 | 2.79 | -1.78 | -0.76 | -4.39 | -1.45 | -5.73 | 4.92 | -13.49 | -12.57 | 2.82 | 1.49 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 78 |
| Reserves | 1,082 | 378 | 510 | 546 | 498 | 362 | 237 | 84 | -5 | 486 | 729 | 2,011 |
| Borrowings | 1,037 | 1,571 | 1,339 | 1,637 | 2,419 | 3,371 | 3,904 | 4,102 | 4,892 | 4,859 | 4,879 | 5,717 |
| Other Liabilities | 1,229 | 1,366 | 1,422 | 1,226 | 899 | 1,205 | 1,159 | 1,422 | 1,826 | 1,744 | 2,838 | 2,844 |
| Total Liabilities | 3,379 | 3,345 | 3,301 | 3,439 | 3,846 | 4,969 | 5,329 | 5,638 | 6,743 | 7,120 | 8,476 | 10,649 |
| Fixed Assets | 2,138 | 2,322 | 2,247 | 2,264 | 2,445 | 2,926 | 2,973 | 2,895 | 3,067 | 2,990 | 3,984 | 4,475 |
| CWIP | 44 | 51 | 20 | 55 | 63 | 47 | 30 | 28 | 152 | 260 | 194 | 66 |
| Investments | 86 | 89 | 4 | 4 | 4 | 4 | 0 | 0 | 131 | 153 | 158 | 236 |
| Other Assets | 1,111 | 883 | 1,030 | 1,116 | 1,334 | 1,992 | 2,327 | 2,715 | 3,393 | 3,718 | 4,140 | 5,872 |
| Total Assets | 3,379 | 3,345 | 3,301 | 3,439 | 3,846 | 4,969 | 5,329 | 5,638 | 6,743 | 7,120 | 8,476 | 10,649 |
Cash Flow
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 213 | 30 | 291 | 201 | 120 | 522 | 328 | 183 | 254 | -32 | 295 | 1,024 |
| Investing | -446 | -98 | -89 | -374 | -269 | -154 | -104 | -80 | -490 | -317 | -352 | -590 |
| Financing | 254 | 123 | -187 | 147 | 159 | -201 | -114 | -232 | 152 | 335 | 133 | 43 |
| Net Cash Flow | 21 | 55 | 15 | -27 | 10 | 166 | 111 | -129 | -84 | -15 | 76 | 478 |
| Free Cash Flow | -90 | -57 | 67 | -102 | -118 | 371 | 231 | 99 | -103 | -337 | -68 | 495 |
| CFO/OP | 100 | 22 | 73 | 52 | 48 | 144 | 61 | 22 | 33 | 3 | 39 | 73 |
Ratios
| Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 50 | 46 | 56 | 59 | 72 | 32 | 49 | 49 | 37 | 42 | 36 |
| Cash Conversion Cycle | 85 | 50 | 46 | 56 | 59 | 72 | 32 | 49 | 49 | 37 | 42 | 36 |
| Working Capital Days | -69 | -314 | -83 | -97 | -78 | -141 | -268 | -195 | 31 | 45 | -207 | -224 |
| ROCE % | 2% | 2% | 8% | 8% | 7% | 3% | 6% | 11% | 16% | -2% | 8% | 12% |
Documents
1
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended ('LODR Regulations')
8h - NCLAT continued interim stay on NCLT order in insolvency appeal; next hearing on May 12, 2026. 8h - NCLAT continued interim stay on NCLT order in insolvency appeal; next hearing on May 12, 2026.
2
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended ("LODR Regulations")
8 May - NCLAT pauses IRP action in Prime Focus CIRP appeal; next hearing May 11, 2026. 8 May - NCLAT pauses IRP action in Prime Focus CIRP appeal; next hearing May 11, 2026.
3
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended ('LODR Regulations')
8 May - NCLT admitted IBC petition against Prime Focus for Rs.353.79 crore default; NCLAT stayed IRP steps till 11 May 2026. 8 May - NCLT admitted IBC petition against Prime Focus for Rs.353.79 crore default; NCLAT stayed IRP steps till 11 May 2026.
4
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015, As Amended ('LODR Regulations')
7 May - On May 6, 2026, NCLT Mumbai admitted Section 7 insolvency petition against Prime Focus for Rs. 353.79 crore. 7 May - On May 6, 2026, NCLT Mumbai admitted Section 7 insolvency petition against Prime Focus for Rs. 353.79 crore.
5
Announcement under Regulation 30 (LODR)-Acquisition
1 Apr - Internal restructuring: PFT US transfer (~USD21M) and Brahma India transfer (~USD90.09M); both remain step-down subsidiaries. 1 Apr - Internal restructuring: PFT US transfer (~USD21M) and Brahma India transfer (~USD90.09M); both remain step-down subsidiaries.
Frequently Asked Questions about Prime Focus Ltd
What does Prime Focus Ltd do?
PFL was founded by Mr. Namit Naresh Malhotra in 1997. It started from Mumbai to being an integrated media and entertainment services powerhouse. [1] It is present in 18 cities (8 in India and 10 internationally) across 5 continents. [2]
Prime Focus is engaged in the business of post-production ...
Where is Prime Focus Ltd (PFOCUS) listed?
Prime Focus Ltd is listed on the Indian stock exchanges. It is listed on NSE: PFOCUS and BSE: 532748. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Prime Focus Ltd belong to?
Prime Focus Ltd operates in the Media sector within the Media & Entertainment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Prime Focus Ltd?
Prime Focus Ltd has a market capitalisation of approximately ₹20548.23 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Prime Focus Ltd?
The Price-to-Earnings (PE) ratio of Prime Focus Ltd is 192.11. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Prime Focus Ltd?
Over the past 52 weeks, Prime Focus Ltd has traded between a low of ₹139.04 and a high of ₹367. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Prime Focus Ltd?
Prime Focus Ltd has a Return on Equity (ROE) of -22.43%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Prime Focus Ltd on Tapetide?
On Tapetide, you can view Prime Focus Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
PFL was founded by Mr. Namit Naresh Malhotra in 1997. It started from Mumbai to being an integrated media and entertainment services powerhouse. [1] It is present in 18 cities (8 in India and 10 internationally) across 5 continents. [2] Prime Focus is engaged in the business of post-production activities including digital intermediate, visual effects, 2D to 3D conversion, and other technical and creative services to the Media and Entertainment industry.[3]
Website primefocus.com
CEO Mr. Naresh Mahendranath Malhotra
Employees 9,200
Listed 2006-06-20
Face Value ₹ 1
Issued Size 77,59,90,547