Prime Focus Ltd
PFOCUS NSE
Prime Focus Ltd
MediaNSE: PFOCUS BSE: 532748 Media & Entertainment
Key Fundamentals
SmallcapMedia & EntertainmentMediaMarket Cap
₹22,477 Cr
Volatility
Moderate
P/E Ratio
193.02
EBITDA
₹1,310 Cr
Return on Equity
-22.43%
Debt to Equity
2.74
Book Value
₹26.9
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 10.7 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 15h agoAI opinion · based on fundamentals
Risk high
Prime Focus Ltd trades at a market cap of ₹22,477 Cr with a PE of 75.3x and PB of 10.87x. The company has delivered strong stock price appreciation of 83% over the past year alongside TTM sales growth of 29%, but carries a negative 3-year average ROE of -14% and declining promoter holding.
Bull Case 7
- TTM revenue growth of 29% indicates strong demand momentum in the media/VFX segment
- Stock CAGR of 83% over 1 year reflects significant market confidence and re-rating
- Compounded profit growth of 54% over 5 years shows long-term earnings trajectory improving
- Last year ROE turned positive at 17% after years of negative returns, signaling operational turnaround
- 3-year stock CAGR of 44% demonstrates sustained multi-year wealth creation
- 10-year compounded sales growth of 13% shows consistent revenue scale-up over a long period
- Company is expected to deliver a good upcoming quarter based on operational trends
Bear Case 8
- PE ratio of 75.3x is extremely elevated, leaving little margin of safety if growth disappoints
- 3-year average ROE of -14% indicates the company destroyed shareholder value for an extended period
- Stock trades at 10.87x book value, which is expensive relative to historical capital efficiency
- Promoter holding has decreased by 9.22% over last 3 years, signaling potential lack of insider confidence
- Zero dividend yield means shareholders rely entirely on capital appreciation with no income cushion
- Low interest coverage ratio suggests debt servicing burden is high relative to operating profits
- 5-year average ROE of -2% shows profitability turnaround is very recent and unproven over cycles
- 3-year compounded sales growth of 0% indicates revenue stagnated before the recent TTM surge
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 1d ago Headwinds 1
- Net loss widens on IBC charge Aug 6
Consolidated net loss of ₹457.8 million in Q1FY27 driven by exceptional charge related to IBC resolution proceedings, despite strong topline growth.
Positives 1
- Revenue surges 28.6% YoY Aug 6
Q1FY27 revenue rose 28.6% YoY to ₹12,560.8 million, indicating strong operational momentum in the core 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 amicable settlement; Bombay High Court dismissed the case on August 4, 2026.
TL;DR: Prime Focus is delivering strong revenue growth at 28.6% YoY, but bottom-line remains pressured by an exceptional IBC-related charge that widened losses to ₹457.8 million. The amicable settlement of the Reliance dispute removes a legal overhang. The key question going forward is whether the underlying operational momentum can translate into profitability once one-off charges are behind the company.
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
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
7 Aug - CARE’s final monitoring report for June 30, 2026 shows nil deviations in Rs 5,552.02 crore preferential issue use. 7 Aug - CARE’s final monitoring report for June 30, 2026 shows nil deviations in Rs 5,552.02 crore preferential issue use.
2
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.
3
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.
4
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.
5
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)-Amendments to Memorandum & Articles of Association 6 Aug 2026
General_Announcements
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 ₹22476.57 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 193.02. 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