Prime Focus Ltd

Prime Focus Ltd

₹ 130 5.72%
22 Jul 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 3,866 Cr.
  • Current Price 130
  • High / Low 158 / 79.2
  • Stock P/E
  • Book Value 52.3
  • Dividend Yield 0.00 %
  • ROCE 1.29 %
  • ROE -0.02 %
  • Face Value 1.00

Pros

Cons

  • 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 0.23% over last 3 years.
  • Earnings include an other income of Rs.50.3 Cr.
  • Debtor days have increased from 25.6 to 59.1 days.
  • Working capital days have increased from 3,286 days to 4,921 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28.95 15.91 34.20 34.30 36.44 7.83 16.21 7.24 9.45 7.18 7.54 7.12 11.61
13.55 11.05 14.42 15.37 17.03 15.03 10.75 5.13 7.77 6.03 6.89 6.66 10.86
Operating Profit 15.40 4.86 19.78 18.93 19.41 -7.20 5.46 2.11 1.68 1.15 0.65 0.46 0.75
OPM % 53.20% 30.55% 57.84% 55.19% 53.27% -91.95% 33.68% 29.14% 17.78% 16.02% 8.62% 6.46% 6.46%
10.28 10.29 11.80 14.23 261.97 11.57 11.03 8.04 10.00 11.68 12.73 12.75 13.09
Interest 8.64 8.68 8.34 8.54 7.77 6.89 6.66 4.89 5.51 6.19 6.34 5.04 5.80
Depreciation 15.84 15.51 15.76 16.91 14.45 8.21 8.40 8.12 7.93 7.59 7.42 7.85 7.64
Profit before tax 1.20 -9.04 7.48 7.71 259.16 -10.73 1.43 -2.86 -1.76 -0.95 -0.38 0.32 0.40
Tax % 0.00% 0.00% 1.47% -1.43% 0.00% 0.00% 0.00% 0.00% 599.43% -81.05% -150.00% -59.38% 317.50%
1.20 -9.04 7.36 7.82 259.16 -10.73 1.44 -2.86 -12.30 -0.18 0.19 0.51 -0.86
EPS in Rs 0.04 -0.30 0.25 0.26 8.65 -0.36 0.05 -0.10 -0.41 -0.01 0.01 0.02 -0.03
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
180.98 273.57 121.80 118.34 153.45 144.62 160.74 130.94 76.56 120.81 40.74 33.45
125.25 180.46 73.55 73.02 135.72 133.22 140.00 86.83 48.48 57.80 38.70 30.46
Operating Profit 55.73 93.11 48.25 45.32 17.73 11.40 20.74 44.11 28.08 63.01 2.04 2.99
OPM % 30.79% 34.04% 39.61% 38.30% 11.55% 7.88% 12.90% 33.69% 36.68% 52.16% 5.01% 8.94%
-89.21 38.34 -4.68 13.45 33.72 26.72 41.12 220.58 123.97 322.84 40.63 50.26
Interest 23.00 28.11 24.67 22.18 32.75 74.13 57.39 63.32 59.17 32.28 23.95 23.37
Depreciation 34.80 43.99 23.57 24.78 30.80 33.42 37.68 67.41 66.38 62.87 32.64 30.49
Profit before tax -91.28 59.35 -4.67 11.81 -12.10 -69.43 -33.21 133.96 26.50 290.70 -13.92 -0.61
Tax % -35.11% -7.51% 501.93% 53.34% -8.76% -18.48% 0.18% -24.42% 0.00% 0.00% 75.79% -44.26%
-59.24 63.82 -28.11 5.51 -11.04 -56.60 -33.27 166.67 26.50 290.70 -24.47 -0.34
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
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -27%
3 Years: -24%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 26%
TTM: 99%
Stock Price CAGR
10 Years: 10%
5 Years: 25%
3 Years: 28%
1 Year: 11%
Return on Equity
10 Years: -2%
5 Years: -1%
3 Years: 0%
Last Year: 0%

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 18.54 18.54 29.89 29.89 29.89 29.92 29.92 29.92 29.92 29.95 29.95 29.98
Reserves 391.35 432.52 1,013.11 1,078.37 1,066.83 1,004.63 1,007.34 1,235.07 1,260.91 1,552.56 1,537.61 1,538.88
416.02 377.22 448.96 493.26 560.08 415.12 439.38 453.42 298.76 235.77 201.10 201.41
57.24 102.01 134.67 188.63 138.49 215.76 265.94 247.35 243.97 194.04 112.30 138.95
Total Liabilities 883.15 930.29 1,626.63 1,790.15 1,795.29 1,665.43 1,742.58 1,965.76 1,833.56 2,012.32 1,880.96 1,909.22
226.96 173.26 271.78 406.20 391.60 392.94 571.44 564.56 515.60 332.04 299.94 280.81
CWIP 0.14 0.32 0.31 1.14 0.87 1.51 20.01 12.72 10.17 10.56 10.56 0.00
Investments 250.68 238.46 864.28 872.98 944.28 938.68 848.61 781.14 618.13 681.81 1,166.65 1,190.70
405.37 518.25 490.26 509.83 458.54 332.30 302.52 607.34 689.66 987.91 403.81 437.71
Total Assets 883.15 930.29 1,626.63 1,790.15 1,795.29 1,665.43 1,742.58 1,965.76 1,833.56 2,012.32 1,880.96 1,909.22

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
63.47 89.87 169.22 -52.42 47.15 146.00 44.46 30.96 29.30 42.01 1.91 14.20
-88.87 6.19 -413.34 -49.12 -3.62 49.83 191.62 42.34 217.10 -32.03 30.96 -13.64
21.43 -97.08 244.75 101.37 -43.76 -195.61 -236.39 -73.81 -222.65 -27.21 -38.38 -1.37
Net Cash Flow -3.97 -1.02 0.63 -0.17 -0.23 0.22 -0.31 -0.51 23.75 -17.23 -5.51 -0.80

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 266.16 185.75 161.04 222.87 130.42 123.90 111.43 125.44 162.14 8.22 9.59 59.14
Inventory Days
Days Payable
Cash Conversion Cycle 266.16 185.75 161.04 222.87 130.42 123.90 111.43 125.44 162.14 8.22 9.59 59.14
Working Capital Days 377.02 276.03 746.72 886.01 90.01 -182.80 158.50 958.49 1,918.49 2,312.51 2,623.63 4,921.33
ROCE % 5.29% 10.40% 3.07% 2.79% -0.21% -0.28% 0.32% -0.19% -0.61% 4.08% 0.46% 1.29%

Shareholding Pattern

Numbers in percentages

2 Recently
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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