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Last Updated: April 2, 2026, 2:55 am
Author: Getaka|Social: XLinkedIn

Focus Lighting & Fixtures Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹228.90Undervalued by 266.24%vs CMP ₹62.50

P/E (116.0) × ROE (11.3%) × BV (₹21.40) × DY (2.00%)

₹65.02Fairly Valued by 4.03%vs CMP ₹62.50
MoS: +3.9% (Thin)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹206.6725%Under (+230.7%)
Graham NumberEarnings₹16.1218%Over (-74.2%)
Earnings PowerEarnings₹28.1112%Over (-55%)
DCFCash Flow₹3.9215%Over (-93.7%)
Net Asset ValueAssets₹21.338%Over (-65.9%)
EV/EBITDAEnterprise₹48.4310%Over (-22.5%)
Earnings YieldEarnings₹5.408%Over (-91.4%)
Revenue MultipleRevenue₹13.556%Over (-78.3%)
Consensus (8 models)₹65.02100%Fairly Valued
Key Drivers: P/E of 116 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | Wide model spread (₹4–₹207) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -9.7%

*Investments are subject to market risks

Investment Snapshot

51
Focus Lighting & Fixtures Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 14.0% GoodROE 11.3% AverageD/E 0.14 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 55.3% Stable
Earnings Quality55/100 · Moderate
OPM expanding (15% → 18%) ImprovingWorking capital: 164 days Capital intensive
Quarterly Momentum15/100 · Weak
Revenue (4Q): -20% YoY DecliningProfit (4Q): -85% YoY DecliningOPM: 8.8% (down 8.9% YoY) Margin pressure
Industry Rank50/100 · Moderate
P/E 116.0 vs industry 60.2 Premium to peersROCE 14.0% vs industry 14.9% Average3Y sales CAGR: 20% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:55 am

Market Cap 422 Cr.
Current Price 62.5
Intrinsic Value₹65.02
High / Low 126/57.1
Stock P/E116
Book Value 21.4
Dividend Yield0.00 %
ROCE14.0 %
ROE11.3 %
Face Value 2.00
PEG Ratio-11.94

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

View Share Price Target for Focus Lighting & Fixtures Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Focus Lighting & Fixtures Ltd 422 Cr. 62.5 126/57.1116 21.40.00 %14.0 %11.3 % 2.00
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
BPL Ltd 218 Cr. 44.4 100/37.64.32 51.50.00 %7.85 %8.15 % 10.0
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of Focus Lighting & Fixtures Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 40.3260.8440.8951.3756.1856.6459.6254.9545.3741.5141.5041.4548.77
Expenses 32.3046.0233.0340.2144.7546.1346.4443.2337.3638.9237.6537.1744.48
Operating Profit 8.0214.827.8611.1611.4310.5113.1811.728.012.593.854.284.29
OPM % 19.89%24.36%19.22%21.72%20.35%18.56%22.11%21.33%17.65%6.24%9.28%10.33%8.80%
Other Income 0.290.470.221.611.682.420.690.330.531.700.300.670.58
Interest 0.300.250.220.300.220.290.400.220.130.280.360.150.19
Depreciation 0.981.151.401.171.572.291.731.311.802.232.732.172.38
Profit before tax 7.0313.896.4611.3011.3210.3511.7410.526.611.781.062.632.30
Tax % 31.01%25.99%20.28%20.09%15.19%6.38%11.24%13.69%25.72%101.12%-14.15%17.87%25.65%
Net Profit 4.8410.295.169.039.599.6810.419.074.89-0.021.222.161.71
EPS in Rs 0.962.010.821.391.481.461.621.370.730.000.180.320.25

Last Updated: January 12, 2026, 9:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 2:46 am

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 78921219960105169224183169
Expenses 7281105925896135177157156
Operating Profit 6111682933462614
OPM % 8%12%13%8%3%9%20%21%14%8%
Other Income 1011111632
Interest 1011111111
Depreciation 01244357810
Profit before tax 610134-362945205
Tax % 33%39%27%47%-13%23%22%13%24%
Net Profit 46102-252339154
EPS in Rs 3.243.535.780.45-0.460.903.545.912.260.54
Dividend Payout % 0%0%3%0%0%11%42%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%66.67%-80.00%-200.00%350.00%360.00%69.57%-61.54%
Change in YoY Net Profit Growth (%)0.00%16.67%-146.67%-120.00%550.00%10.00%-290.43%-131.10%

Focus Lighting & Fixtures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:20%
TTM:-25%
Compounded Profit Growth
10 Years:%
5 Years:48%
3 Years:49%
TTM:-79%
Stock Price CAGR
10 Years:%
5 Years:88%
3 Years:53%
1 Year:-25%
Return on Equity
10 Years:%
5 Years:21%
3 Years:25%
Last Year:11%

Last Updated: September 5, 2025, 4:15 am

Balance Sheet

Last Updated: February 1, 2026, 12:40 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23310101013131313
Reserves 9182823212577115127131
Borrowings 0234533131713
Other Liabilities 14161723264235494453
Total Liabilities 264051616280128190202210
Fixed Assets 231313151521213836
CWIP 0410112192228
Investments -0-0-0-0-0-011633
Other Assets 24333747466495144138144
Total Assets 264051616280128190202210

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 026336-14632
Cash from Investing Activity + 0-6-9-3-1-3-10-20-25
Cash from Financing Activity + 0500-1-3309-4
Net Cash Flow 02-2-01-17-53
Free Cash Flow 0-4-3-022-24-195
CFO/OP 0%56%64%67%172%86%-19%28%143%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow6.009.0013.004.00-3.006.0030.0033.009.00

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

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 647057931068668140138
Inventory Days 39425786160124152129171
Days Payable 70665694148136689488
Cash Conversion Cycle 3346588611873152175221
Working Capital Days 3639506910272111150164
ROCE %57%48%13%-4%18%46%39%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.80%56.80%56.80%56.09%56.09%56.09%55.28%55.28%55.28%55.28%55.28%55.31%
FIIs 0.00%0.00%0.00%0.00%0.01%0.49%0.85%0.19%0.37%0.10%0.00%0.01%
DIIs 0.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public 42.64%42.88%43.20%42.67%43.40%42.92%42.35%43.72%43.54%44.05%44.54%44.36%
Others 0.00%0.00%0.00%0.00%0.00%0.00%1.52%0.81%0.81%0.58%0.17%0.32%
No. of Shareholders 3,2374,5398,12715,28316,24918,25328,71225,17925,16224,41623,72122,956

Shareholding Pattern Chart

No. of Shareholders

Focus Lighting & Fixtures Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.0010.0010.0010.00
Basic EPS (Rs.) 2.265.9918.034.04-1.86
Diluted EPS (Rs.) 2.225.9017.764.04-1.86
Cash EPS (Rs.) 3.486.9020.907.811.18
Book Value[Excl.RevalReserv]/Share (Rs.) 21.0219.5168.9234.7730.99
Book Value[Incl.RevalReserv]/Share (Rs.) 21.0219.5168.9234.7730.99
Revenue From Operations / Share (Rs.) 27.4833.94129.18103.9859.15
PBDIT / Share (Rs.) 4.357.9926.7010.051.38
PBIT / Share (Rs.) 3.146.9623.196.74-1.66
PBT / Share (Rs.) 2.996.7822.395.87-2.19
Net Profit / Share (Rs.) 2.275.8717.394.50-1.86
NP After MI And SOA / Share (Rs.) 2.285.9417.754.50-1.86
PBDIT Margin (%) 15.8323.5320.669.662.32
PBIT Margin (%) 11.4320.5117.946.48-2.81
PBT Margin (%) 10.8819.9717.335.64-3.70
Net Profit Margin (%) 8.2717.3013.464.32-3.14
NP After MI And SOA Margin (%) 8.2817.5013.734.32-3.14
Return on Networth / Equity (%) 10.8330.4425.7512.92-6.00
Return on Capital Employeed (%) 13.5031.7931.4316.93-5.22
Return On Assets (%) 7.5320.5818.135.72-3.28
Long Term Debt / Equity (X) 0.070.080.000.010.02
Total Debt / Equity (X) 0.120.090.030.070.14
Asset Turnover Ratio (%) 0.931.411.631.450.86
Current Ratio (X) 2.893.062.861.551.76
Quick Ratio (X) 1.872.111.640.941.04
Inventory Turnover Ratio (X) 4.021.372.152.061.02
Dividend Payout Ratio (NP) (%) 21.794.992.180.000.00
Dividend Payout Ratio (CP) (%) 14.234.261.820.000.00
Earning Retention Ratio (%) 78.2195.0197.820.000.00
Cash Earning Retention Ratio (%) 85.7795.7498.180.000.00
Interest Coverage Ratio (X) 29.0643.3933.7211.532.60
Interest Coverage Ratio (Post Tax) (X) 16.1832.8922.966.15-2.51
Enterprise Value (Cr.) 530.24958.92662.9290.1727.44
EV / Net Operating Revenue (X) 2.894.283.930.850.45
EV / EBITDA (X) 18.2618.2019.028.8519.68
MarketCap / Net Operating Revenue (X) 2.834.243.960.830.40
Retention Ratios (%) 78.2095.0097.810.000.00
Price / BV (X) 3.707.377.422.500.77
Price / Net Operating Revenue (X) 2.834.243.960.830.40
EarningsYield 0.020.040.030.05-0.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 153.96 Cr. and Equity Capital is Rs. 13.34 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsNo.1007-1010, Corporate Avenue, Wing A, Mumbai Maharashtra 400063Contact not found
Management
NamePosition Held
Mr. Amit Vinod ShethChairman & Managing Director
Mrs. Deepali Amit ShethExecutive Director
Ms. Khushi Amit ShethNon Executive Director
Mr. Sanjay Surajmal GaggarIndependent Director
Mr. Mahesh Karsandas RachhIndependent Director
Mr. Chetan Navinchandra ShahIndependent Director

FAQ

What is the intrinsic value of Focus Lighting & Fixtures Ltd and is it undervalued?

As of 08 April 2026, Focus Lighting & Fixtures Ltd's intrinsic value is ₹65.02, which is 4.03% higher than the current market price of ₹62.50, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (11.3 %), book value (₹21.4), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Focus Lighting & Fixtures Ltd?

Focus Lighting & Fixtures Ltd is trading at ₹62.50 as of 08 April 2026, with a FY2026-2027 high of ₹126 and low of ₹57.1. The stock is currently near its 52-week low. Market cap stands at ₹422 Cr..

How does Focus Lighting & Fixtures Ltd's P/E ratio compare to its industry?

Focus Lighting & Fixtures Ltd has a P/E ratio of 116, which is above the industry average of 60.24. The premium over industry average may reflect growth expectations or speculative interest.

Is Focus Lighting & Fixtures Ltd financially healthy?

Key indicators for Focus Lighting & Fixtures Ltd: ROCE of 14.0 % is moderate. Dividend yield is 0.00 %.

Is Focus Lighting & Fixtures Ltd profitable and how is the profit trend?

Focus Lighting & Fixtures Ltd reported a net profit of ₹15 Cr in Mar 2025 on revenue of ₹183 Cr. Compared to ₹5 Cr in Mar 2022, the net profit shows an improving trend.

Does Focus Lighting & Fixtures Ltd pay dividends?

Focus Lighting & Fixtures Ltd has a dividend yield of 0.00 % at the current price of ₹62.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Focus Lighting & Fixtures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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