Prime Focus Ltd

Prime Focus Ltd

₹ 144 -1.03%
30 Sep 4:01 p.m.
About

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]

Key Points

Milestones
It is the first company in India to offer a high-end post-production finishing system, film scanning, and recording system. It is also the first in South Asia to offer a 4K DI Facility. Its technology division, Prime Focus Technologies, deployed the World’s first Hybrid Cloud platform “CLEARTM” in 2009. It is the first company in the world to convert an entire Hollywood film from 2D to 3D - transforming the stereo conversion services landscape forever. [1] It is one of the world’s largest providers of end-to-end post-production services. [2] The co. owns India’s largest integrated studio in Mumbai controlling the major share of the local studio market. [3]

  • Market Cap 4,348 Cr.
  • Current Price 144
  • High / Low 164 / 80.0
  • Stock P/E 935
  • Book Value 52.3
  • Dividend Yield 0.00 %
  • ROCE 0.73 %
  • ROE -0.65 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 2.75 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -26.9% over past five years.
  • Company has a low return on equity of 0.02% over last 3 years.
  • Earnings include an other income of Rs.265 Cr.
  • Debtor days have increased from 25.6 to 59.1 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
16 34 34 36 8 16 7 9 7 8 7 12 11
11 14 15 17 15 11 5 8 6 7 7 11 10
Operating Profit 5 20 19 19 -7 5 2 2 1 1 0 1 1
OPM % 31% 58% 55% 53% -92% 34% 29% 18% 16% 9% 6% 6% 8%
10 12 14 262 12 11 8 10 12 13 13 13 227
Interest 9 8 9 8 7 7 5 6 6 6 5 6 6
Depreciation 16 16 17 14 8 8 8 8 8 7 8 8 7
Profit before tax -9 7 8 259 -11 1 -3 -2 -1 -0 0 0 214
Tax % 0% 1% -1% 0% 0% 0% 0% 599% -81% -150% -59% 318% -3%
-9 7 8 259 -11 1 -3 -12 -0 0 1 -1 221
EPS in Rs -0.30 0.25 0.26 8.65 -0.36 0.05 -0.10 -0.41 -0.01 0.01 0.02 -0.03 7.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
181 274 122 118 153 145 161 131 77 121 41 33 37
125 180 74 73 136 133 140 87 48 58 39 30 34
Operating Profit 56 93 48 45 18 11 21 44 28 63 2 3 3
OPM % 31% 34% 40% 38% 12% 8% 13% 34% 37% 52% 5% 9% 7%
-89 38 -5 13 34 27 41 221 124 323 41 50 265
Interest 23 28 25 22 33 74 57 63 59 32 24 23 23
Depreciation 35 44 24 25 31 33 38 67 66 63 33 30 30
Profit before tax -91 59 -5 12 -12 -69 -33 134 26 291 -14 -1 215
Tax % -35% -8% 502% 53% -9% -18% 0% -24% 0% 0% 76% -45%
-59 64 -28 6 -11 -57 -33 167 26 291 -24 -0 221
EPS in Rs -3.19 3.44 -0.94 0.18 -0.37 -1.89 -1.11 5.57 0.89 9.70 -0.82 -0.01 7.37
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -27%
3 Years: -24%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 23%
TTM: 133%
Stock Price CAGR
10 Years: 11%
5 Years: 29%
3 Years: 24%
1 Year: 52%
Return on Equity
10 Years: -2%
5 Years: -1%
3 Years: 0%
Last Year: -1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 19 30 30 30 30 30 30 30 30 30 30
Reserves 391 433 1,013 1,078 1,067 1,005 1,007 1,235 1,261 1,553 1,538 1,539
416 377 449 493 560 415 439 453 299 236 201 201
57 102 135 189 138 216 266 247 244 194 112 139
Total Liabilities 883 930 1,627 1,790 1,795 1,665 1,743 1,966 1,834 2,012 1,881 1,909
227 173 272 406 392 393 571 565 516 332 300 281
CWIP 0 0 0 1 1 2 20 13 10 11 11 0
Investments 251 238 864 873 944 939 849 781 618 682 1,167 1,191
405 518 490 510 459 332 303 607 690 988 404 438
Total Assets 883 930 1,627 1,790 1,795 1,665 1,743 1,966 1,834 2,012 1,881 1,909

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
63 90 169 -52 47 146 44 31 29 42 2 14
-89 6 -413 -49 -4 50 192 42 217 -32 31 -14
21 -97 245 101 -44 -196 -236 -74 -223 -27 -38 -1
Net Cash Flow -4 -1 1 -0 -0 0 -0 -1 24 -17 -6 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 266 186 161 223 130 124 111 125 162 8 10 59
Inventory Days
Days Payable
Cash Conversion Cycle 266 186 161 223 130 124 111 125 162 8 10 59
Working Capital Days 377 276 747 886 90 -183 158 958 1,918 2,313 2,624 3,277
ROCE % 5% 10% 3% 3% -0% -0% 0% -0% -1% 4% 0% 1%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
70.02% 70.02% 69.96% 69.96% 69.96% 69.96% 69.96% 69.95% 69.95% 69.95% 69.89% 69.88%
11.20% 11.20% 11.21% 11.21% 11.21% 11.21% 11.21% 11.26% 11.22% 11.22% 11.22% 11.22%
18.78% 18.77% 18.83% 18.84% 18.83% 18.84% 18.84% 18.79% 18.83% 18.83% 18.91% 18.91%
No. of Shareholders 10,42710,53410,31010,53910,60810,38110,09010,75912,32611,88114,21113,433

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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