Focus Lighting & Fixtures Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 21, 2025, 11:43 pm

Market Cap	590 Cr.
Current Price	87.7
High / Low	185/74.4
Stock P/E	24.2
Book Value	20.9
Dividend Yield	0.57 %
ROCE	39.2 %
ROE	35.8 %
Face Value	2.00
PEG Ratio	0.36

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Focus Lighting & Fixtures Ltd

Competitors of Focus Lighting & Fixtures Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
IKIO Lighting Ltd	1,652 Cr.	214	343/165	38.8	71.2	0.47 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	607 Cr.	122	282/118	38.8	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	343 Cr.	950	1,144/590	187	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	132 Cr.	94.8	179/93.0	45.0	54.7	0.00 %	6.38 %	1.81 %	10.0
Whirlpool of India Ltd	12,425 Cr.	979	2,450/965	37.6	298	0.51 %	9.07 %	6.36 %	10.0
Industry Average	16,886.67 Cr	1,401.87		54.74	112.01	0.27%	17.63%	15.54%	6.27

All Competitor Stocks of Focus Lighting & Fixtures Ltd

Quarterly Result

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	16.85	27.50	21.91	22.86	25.56	35.06	26.54	40.32	60.84	40.89	51.37	56.18	56.64
Expenses	15.20	26.50	22.32	21.24	23.02	30.39	23.65	32.30	46.02	33.03	40.21	44.58	46.13
Operating Profit	1.65	1.00	-0.41	1.62	2.54	4.67	2.89	8.02	14.82	7.86	11.16	11.60	10.51
OPM %	9.79%	3.64%	-1.87%	7.09%	9.94%	13.32%	10.89%	19.89%	24.36%	19.22%	21.72%	20.65%	18.56%
Other Income	-0.02	0.51	0.12	0.24	0.30	0.49	0.39	0.29	0.47	0.22	1.61	1.51	2.42
Interest	0.23	0.32	0.25	0.04	0.17	0.17	0.23	0.30	0.25	0.22	0.30	0.22	0.29
Depreciation	1.19	0.98	0.82	0.25	0.88	0.89	0.96	0.98	1.15	1.40	1.17	1.57	2.29
Profit before tax	0.21	0.21	-1.36	1.57	1.79	4.10	2.09	7.03	13.89	6.46	11.30	11.32	10.35
Tax %	52.38%	204.76%	19.12%	-0.64%	25.70%	18.29%	-26.79%	31.01%	25.99%	20.28%	20.09%	15.19%	6.38%
Net Profit	0.10	-0.23	-1.10	1.58	1.32	3.35	2.65	4.84	10.29	5.16	9.03	9.59	9.68
EPS in Rs	0.02	-0.05	-0.22	0.31	0.26	0.66	0.52	0.96	2.01	0.82	1.39	1.48	1.46

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	78	92	121	99	60	105	168	209
Expenses	72	81	105	92	58	96	135	164
Operating Profit	6	11	16	8	2	9	33	45
OPM %	8%	12%	13%	8%	3%	9%	20%	22%
Other Income	1	0	1	1	1	1	1	4
Interest	1	0	1	1	1	1	1	1
Depreciation	0	1	2	4	4	3	5	5
Profit before tax	6	10	13	4	-3	6	29	43
Tax %	33%	39%	27%	47%	13%	23%	22%
Net Profit	4	6	10	2	-2	5	23	34
EPS in Rs	3.24	3.53	5.78	0.45	-0.46	0.90	3.54	5.73
Dividend Payout %	0%	0%	3%	0%	0%	11%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	50.00%	66.67%	-80.00%	-200.00%	350.00%	360.00%
Change in YoY Net Profit Growth (%)	0.00%	16.67%	-146.67%	-120.00%	550.00%	10.00%

Focus Lighting & Fixtures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2017-2018 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	13%
3 Years:	55%
TTM:	-2%

Compounded Profit Growth
10 Years:	%
5 Years:	32%
3 Years:	165%
TTM:	-27%

Stock Price CAGR
10 Years:	%
5 Years:	67%
3 Years:	64%
1 Year:	-49%

Return on Equity
10 Years:	%
5 Years:	25%
3 Years:	33%
Last Year:	36%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 3:47 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	2	3	3	10	10	10	13	13	13
Reserves	9	18	28	23	21	25	77	115	127
Borrowings	0	2	3	4	5	3	3	13	13
Other Liabilities	14	16	17	23	26	42	35	49	64
Total Liabilities	26	40	51	61	62	80	128	190	217
Fixed Assets	2	3	13	13	15	15	21	21	29
CWIP	0	4	1	0	1	1	2	19	19
Investments	0	0	0	0	0	0	11	6	3
Other Assets	24	33	37	47	46	64	95	144	166
Total Assets	26	40	51	61	62	80	128	190	217

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	0	2	6	3	3	6	-14	6
Cash from Investing Activity +	0	-6	-9	-3	-1	-3	-10	-20
Cash from Financing Activity +	0	5	0	0	-1	-3	30	9
Net Cash Flow	0	2	-2	-0	1	-1	7	-5

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	6.00	9.00	13.00	4.00	-3.00	6.00	30.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	64	70	57	93	106	86	68	140
Inventory Days	39	42	57	86	160	124	152	129
Days Payable	70	66	56	94	148	136	68	94
Cash Conversion Cycle	33	46	58	86	118	73	152	175
Working Capital Days	38	46	58	84	126	80	118	152
ROCE %		57%	48%	13%	-4%	18%	46%	39%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	73.36%	72.66%	72.66%	72.66%	56.80%	56.80%	56.80%	56.09%	56.09%	56.09%	55.28%	55.28%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.49%	0.85%	0.19%
DIIs	0.00%	0.00%	0.00%	0.00%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	26.63%	26.38%	26.38%	26.38%	42.64%	42.88%	43.20%	42.67%	43.40%	42.92%	42.35%	43.72%
Others	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.52%	0.81%
No. of Shareholders	707	705	1,105	2,290	3,237	4,539	8,127	15,283	16,249	18,253	28,712	25,179

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	5.99	18.03	4.04	-1.86	2.00
Diluted EPS (Rs.)	5.90	17.76	4.04	-1.86	2.00
Cash EPS (Rs.)	6.90	20.90	7.81	1.18	5.73
Book Value[Excl.RevalReserv]/Share (Rs.)	19.51	68.92	34.77	30.99	32.98
Book Value[Incl.RevalReserv]/Share (Rs.)	19.51	68.92	34.77	30.99	32.98
Revenue From Operations / Share (Rs.)	33.94	129.18	103.98	59.15	97.99
PBDIT / Share (Rs.)	7.99	26.70	10.05	1.38	8.22
PBIT / Share (Rs.)	6.96	23.19	6.74	-1.66	4.75
PBT / Share (Rs.)	6.78	22.39	5.87	-2.19	4.28
Net Profit / Share (Rs.)	5.87	17.39	4.50	-1.86	2.26
NP After MI And SOA / Share (Rs.)	5.94	17.75	4.50	-1.86	2.26
PBDIT Margin (%)	23.53	20.66	9.66	2.32	8.39
PBIT Margin (%)	20.51	17.94	6.48	-2.81	4.85
PBT Margin (%)	19.97	17.33	5.64	-3.70	4.37
Net Profit Margin (%)	17.30	13.46	4.32	-3.14	2.31
NP After MI And SOA Margin (%)	17.50	13.73	4.32	-3.14	2.31
Return on Networth / Equity (%)	30.44	25.75	12.92	-6.00	6.86
Return on Capital Employeed (%)	31.79	31.43	16.93	-5.22	14.32
Return On Assets (%)	20.58	18.13	5.72	-3.28	3.77
Long Term Debt / Equity (X)	0.08	0.00	0.01	0.02	0.00
Total Debt / Equity (X)	0.09	0.03	0.07	0.14	0.12
Asset Turnover Ratio (%)	1.41	1.63	1.45	0.86	1.60
Current Ratio (X)	3.06	2.86	1.55	1.76	1.71
Quick Ratio (X)	2.11	1.64	0.94	1.04	1.14
Inventory Turnover Ratio (X)	1.37	2.15	2.06	1.02	2.30
Dividend Payout Ratio (NP) (%)	4.99	2.18	0.00	0.00	14.71
Dividend Payout Ratio (CP) (%)	4.26	1.82	0.00	0.00	5.81
Earning Retention Ratio (%)	95.01	97.82	0.00	0.00	85.29
Cash Earning Retention Ratio (%)	95.74	98.18	0.00	0.00	94.19
Interest Coverage Ratio (X)	43.39	33.72	11.53	2.60	11.48
Interest Coverage Ratio (Post Tax) (X)	32.89	22.96	6.15	-2.51	3.82
Enterprise Value (Cr.)	958.92	662.92	90.17	27.44	24.25
EV / Net Operating Revenue (X)	4.28	3.93	0.85	0.45	0.24
EV / EBITDA (X)	18.20	19.02	8.85	19.68	2.91
MarketCap / Net Operating Revenue (X)	4.24	3.96	0.83	0.40	0.20
Retention Ratios (%)	95.00	97.81	0.00	0.00	85.28
Price / BV (X)	7.37	7.42	2.50	0.77	0.62
Price / Net Operating Revenue (X)	4.24	3.96	0.83	0.40	0.20
EarningsYield	0.04	0.03	0.05	-0.07	0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Focus Lighting & Fixtures Ltd as of February 23, 2025 is: ₹145.68

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 23, 2025, Focus Lighting & Fixtures Ltd is Undervalued by 66.11% compared to the current share price ₹87.70

Intrinsic Value of Focus Lighting & Fixtures Ltd as of February 23, 2025 is: 242.32

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 23, 2025, Focus Lighting & Fixtures Ltd is Undervalued by 176.31% compared to the current share price ₹87.70

Last 5 Year EPS CAGR: 66.34%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 27.13%, which is a positive sign. The company has higher reserves (49.22 cr) compared to borrowings (5.11 cr), indicating strong financial stability. The company has shown consistent growth in sales (116.50 cr) and profit (13.50 cr) over the years.	The stock has a high average Working Capital Days of 87.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 92.63, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Focus Lighting & Fixtures Ltd:
1. Net Profit Margin: 17.3%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 31.79% (Industry Average ROCE: 17.63%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 30.44% (Industry Average ROE: 15.54%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 32.89
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.11
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 24.2 (Industry average Stock P/E: 51.09)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.09
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Focus Lighting and Fixtures Ltd. is a Public Limited Listed company incorporated on 11/08/2005 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31500MH2005PLC155278 and registration number is 155278. Currently company belongs to the Industry of Consumer Electronics. Company's Total Operating Revenue is Rs. 155.59 Cr. and Equity Capital is Rs. 13.19 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	No.1007-1010, Corporate Avenue, Wing A, Mumbai Maharashtra 400063	info@pluslighttech.com http://www.focuslightingandfixtures.com

Management
Name	Position Held
Mr. Amit Vinod Sheth	Chairman & Managing Director
Mrs. Deepali Amit Sheth	Executive Director
Ms. Khushi Amit Sheth	Non Executive Director
Mr. Mahesh Karsandas Rachh	Independent Director
Mr. Chetan Navinchandra Shah	Independent Director
Mr. Sanjay Surajmal Gaggar	Independent Director

FAQ

What is the latest intrinsic value of Focus Lighting & Fixtures Ltd?

Let's break down Focus Lighting & Fixtures Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 23 February 2025:

Calculated Fair Value: ₹145.68
Current Market Price: ₹87.70
Variance: 66.11% higher

This suggests Focus Lighting & Fixtures Ltd is currently undervalued by 66.11%. For context:

Market Cap: 590 Cr.
52-Week Range: 185/74.4
Reserves (Sep 2024): ₹127 Cr
Liabilities: 217 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Focus Lighting & Fixtures Ltd?

The Market Cap of Focus Lighting & Fixtures Ltd is 590 Cr..

What is the current Stock Price of Focus Lighting & Fixtures Ltd as on 23 February 2025?

The current stock price of Focus Lighting & Fixtures Ltd as on 23 February 2025 is ₹87.7.

What is the High / Low of Focus Lighting & Fixtures Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Focus Lighting & Fixtures Ltd stocks is 185/74.4.

What is the Stock P/E of Focus Lighting & Fixtures Ltd?

The Stock P/E of Focus Lighting & Fixtures Ltd is 24.2.

What is the Book Value of Focus Lighting & Fixtures Ltd?

The Book Value of Focus Lighting & Fixtures Ltd is 20.9.

What is the Dividend Yield of Focus Lighting & Fixtures Ltd?

The Dividend Yield of Focus Lighting & Fixtures Ltd is 0.57 %.

What is the ROCE of Focus Lighting & Fixtures Ltd?

The ROCE of Focus Lighting & Fixtures Ltd is 39.2 %.

What is the ROE of Focus Lighting & Fixtures Ltd?

The ROE of Focus Lighting & Fixtures Ltd is 35.8 %.

What is the Face Value of Focus Lighting & Fixtures Ltd?

The Face Value of Focus Lighting & Fixtures Ltd is 2.00.