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

Share Price and Basic Stock Data

Last Updated: April 1, 2025, 9:56 pm

Market Cap	549 Cr.
Current Price	81.6
High / Low	185/63.8
Stock P/E	22.5
Book Value	20.9
Dividend Yield	0.61 %
ROCE	39.2 %
ROE	35.8 %
Face Value	2.00
PEG Ratio	0.58

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 ⇩
Misquita Engineering Ltd	36.1 Cr.	97.6	177/62.0	69.4	30.4	0.00 %	1.57 %	3.43 %	10.0
IKIO Lighting Ltd	1,952 Cr.	253	343/165	45.8	71.2	0.40 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	656 Cr.	132	282/108	42.0	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	384 Cr.	1,010	1,144/590	210	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	110 Cr.	78.4	179/72.0	37.2	54.7	0.00 %	6.38 %	1.81 %	10.0
Industry Average	18,084.86 Cr	1,303.09		57.24	106.91	0.24%	16.63%	14.78%	6.50

All Competitor Stocks of Focus Lighting & Fixtures Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	25.56	35.06	26.54	40.32	60.84	40.89	51.37	56.18	56.64	59.62	54.95	45.37	41.51
Expenses	23.02	30.39	23.65	32.30	46.02	33.03	40.21	44.75	46.13	46.44	43.23	37.36	38.92
Operating Profit	2.54	4.67	2.89	8.02	14.82	7.86	11.16	11.43	10.51	13.18	11.72	8.01	2.59
OPM %	9.94%	13.32%	10.89%	19.89%	24.36%	19.22%	21.72%	20.35%	18.56%	22.11%	21.33%	17.65%	6.24%
Other Income	0.30	0.49	0.39	0.29	0.47	0.22	1.61	1.68	2.42	0.69	0.33	0.53	1.70
Interest	0.17	0.17	0.23	0.30	0.25	0.22	0.30	0.22	0.29	0.40	0.22	0.13	0.28
Depreciation	0.88	0.89	0.96	0.98	1.15	1.40	1.17	1.57	2.29	1.73	1.31	1.80	2.23
Profit before tax	1.79	4.10	2.09	7.03	13.89	6.46	11.30	11.32	10.35	11.74	10.52	6.61	1.78
Tax %	25.70%	18.29%	-26.79%	31.01%	25.99%	20.28%	20.09%	15.19%	6.38%	11.24%	13.69%	25.72%	101.12%
Net Profit	1.32	3.35	2.65	4.84	10.29	5.16	9.03	9.59	9.68	10.41	9.07	4.89	-0.02
EPS in Rs	0.26	0.66	0.52	0.96	2.01	0.82	1.39	1.48	1.46	1.62	1.37	0.73	0.00

Last Updated: March 3, 2025, 4:26 pm

Below is a detailed analysis of the quarterly data for Focus Lighting & Fixtures Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹41.51 Cr.. The value appears to be declining and may need further review. It has decreased from 45.37 Cr. (Sep 2024) to ₹41.51 Cr., marking a decrease of 3.86 Cr..
For Expenses, as of Dec 2024, the value is ₹38.92 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 37.36 Cr. (Sep 2024) to ₹38.92 Cr., marking an increase of 1.56 Cr..
For Operating Profit, as of Dec 2024, the value is ₹2.59 Cr.. The value appears to be declining and may need further review. It has decreased from 8.01 Cr. (Sep 2024) to ₹2.59 Cr., marking a decrease of 5.42 Cr..
For OPM %, as of Dec 2024, the value is 6.24%. The value appears to be declining and may need further review. It has decreased from 17.65% (Sep 2024) to 6.24%, marking a decrease of 11.41%.
For Other Income, as of Dec 2024, the value is ₹1.70 Cr.. The value appears strong and on an upward trend. It has increased from 0.53 Cr. (Sep 2024) to ₹1.70 Cr., marking an increase of 1.17 Cr..
For Interest, as of Dec 2024, the value is ₹0.28 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.13 Cr. (Sep 2024) to ₹0.28 Cr., marking an increase of 0.15 Cr..
For Depreciation, as of Dec 2024, the value is ₹2.23 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1.80 Cr. (Sep 2024) to ₹2.23 Cr., marking an increase of 0.43 Cr..
For Profit before tax, as of Dec 2024, the value is ₹1.78 Cr.. The value appears to be declining and may need further review. It has decreased from 6.61 Cr. (Sep 2024) to ₹1.78 Cr., marking a decrease of 4.83 Cr..
For Tax %, as of Dec 2024, the value is 101.12%. The value appears to be increasing, which may not be favorable. It has increased from 25.72% (Sep 2024) to 101.12%, marking an increase of 75.40%.
For Net Profit, as of Dec 2024, the value is ₹-0.02 Cr.. The value appears to be declining and may need further review. It has decreased from 4.89 Cr. (Sep 2024) to ₹-0.02 Cr., marking a decrease of 4.91 Cr..
For EPS in Rs, as of Dec 2024, the value is 0.00. The value appears to be declining and may need further review. It has decreased from 0.73 (Sep 2024) to 0.00, marking a decrease of 0.73.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 8:36 pm

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	78	92	121	99	60	105	169	224	201
Expenses	72	81	105	92	58	96	135	177	166
Operating Profit	6	11	16	8	2	9	33	46	36
OPM %	8%	12%	13%	8%	3%	9%	20%	21%	18%
Other Income	1	0	1	1	1	1	1	6	3
Interest	1	0	1	1	1	1	1	1	1
Depreciation	0	1	2	4	4	3	5	7	7
Profit before tax	6	10	13	4	-3	6	29	45	31
Tax %	33%	39%	27%	47%	-13%	23%	22%	13%
Net Profit	4	6	10	2	-2	5	23	39	24
EPS in Rs	3.24	3.53	5.78	0.45	-0.46	0.90	3.54	5.91	3.72
Dividend Payout %	-0%	-0%	3%	-0%	-0%	11%	42%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	50.00%	66.67%	-80.00%	-200.00%	350.00%	360.00%	69.57%
Change in YoY Net Profit Growth (%)	0.00%	16.67%	-146.67%	-120.00%	550.00%	10.00%	-290.43%

Focus Lighting & Fixtures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

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:	87%
3 Years:	67%
1 Year:	-46%

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

Below is a detailed analysis of the balance sheet data for Focus Lighting & Fixtures Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹13.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 13.00 Cr..
For Reserves, as of Sep 2024, the value is ₹127.00 Cr.. The value appears strong and on an upward trend. It has increased from 115.00 Cr. (Mar 2024) to ₹127.00 Cr., marking an increase of 12.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹13.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 13.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹64.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 49.00 Cr. (Mar 2024) to ₹64.00 Cr., marking an increase of 15.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹217.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 190.00 Cr. (Mar 2024) to ₹217.00 Cr., marking an increase of 27.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹29.00 Cr.. The value appears strong and on an upward trend. It has increased from 21.00 Cr. (Mar 2024) to ₹29.00 Cr., marking an increase of 8.00 Cr..
For CWIP, as of Sep 2024, the value is ₹19.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 19.00 Cr..
For Investments, as of Sep 2024, the value is ₹3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6.00 Cr. (Mar 2024) to ₹3.00 Cr., marking a decrease of 3.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹166.00 Cr.. The value appears strong and on an upward trend. It has increased from 144.00 Cr. (Mar 2024) to ₹166.00 Cr., marking an increase of 22.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹217.00 Cr.. The value appears strong and on an upward trend. It has increased from 190.00 Cr. (Mar 2024) to ₹217.00 Cr., marking an increase of 27.00 Cr..

Notably, the Reserves (₹127.00 Cr.) exceed the Borrowings (13.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

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	Mar 2024
Free Cash Flow	6.00	9.00	13.00	4.00	-3.00	6.00	30.00	33.00

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

After reviewing the key financial ratios for Focus Lighting & Fixtures Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. It has decreased from 10.00 (Mar 23) to 2.00, marking a decrease of 8.00.
For Basic EPS (Rs.), as of Mar 24, the value is 5.99. This value is within the healthy range. It has decreased from 18.03 (Mar 23) to 5.99, marking a decrease of 12.04.
For Diluted EPS (Rs.), as of Mar 24, the value is 5.90. This value is within the healthy range. It has decreased from 17.76 (Mar 23) to 5.90, marking a decrease of 11.86.
For Cash EPS (Rs.), as of Mar 24, the value is 6.90. This value is within the healthy range. It has decreased from 20.90 (Mar 23) to 6.90, marking a decrease of 14.00.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 19.51. It has decreased from 68.92 (Mar 23) to 19.51, marking a decrease of 49.41.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 19.51. It has decreased from 68.92 (Mar 23) to 19.51, marking a decrease of 49.41.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 33.94. It has decreased from 129.18 (Mar 23) to 33.94, marking a decrease of 95.24.
For PBDIT / Share (Rs.), as of Mar 24, the value is 7.99. This value is within the healthy range. It has decreased from 26.70 (Mar 23) to 7.99, marking a decrease of 18.71.
For PBIT / Share (Rs.), as of Mar 24, the value is 6.96. This value is within the healthy range. It has decreased from 23.19 (Mar 23) to 6.96, marking a decrease of 16.23.
For PBT / Share (Rs.), as of Mar 24, the value is 6.78. This value is within the healthy range. It has decreased from 22.39 (Mar 23) to 6.78, marking a decrease of 15.61.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.87. This value is within the healthy range. It has decreased from 17.39 (Mar 23) to 5.87, marking a decrease of 11.52.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 5.94. This value is within the healthy range. It has decreased from 17.75 (Mar 23) to 5.94, marking a decrease of 11.81.
For PBDIT Margin (%), as of Mar 24, the value is 23.53. This value is within the healthy range. It has increased from 20.66 (Mar 23) to 23.53, marking an increase of 2.87.
For PBIT Margin (%), as of Mar 24, the value is 20.51. This value exceeds the healthy maximum of 20. It has increased from 17.94 (Mar 23) to 20.51, marking an increase of 2.57.
For PBT Margin (%), as of Mar 24, the value is 19.97. This value is within the healthy range. It has increased from 17.33 (Mar 23) to 19.97, marking an increase of 2.64.
For Net Profit Margin (%), as of Mar 24, the value is 17.30. This value exceeds the healthy maximum of 10. It has increased from 13.46 (Mar 23) to 17.30, marking an increase of 3.84.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 17.50. This value is within the healthy range. It has increased from 13.73 (Mar 23) to 17.50, marking an increase of 3.77.
For Return on Networth / Equity (%), as of Mar 24, the value is 30.44. This value is within the healthy range. It has increased from 25.75 (Mar 23) to 30.44, marking an increase of 4.69.
For Return on Capital Employeed (%), as of Mar 24, the value is 31.79. This value is within the healthy range. It has increased from 31.43 (Mar 23) to 31.79, marking an increase of 0.36.
For Return On Assets (%), as of Mar 24, the value is 20.58. This value is within the healthy range. It has increased from 18.13 (Mar 23) to 20.58, marking an increase of 2.45.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.08. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 23) to 0.08, marking an increase of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is 0.09. This value is within the healthy range. It has increased from 0.03 (Mar 23) to 0.09, marking an increase of 0.06.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.41. It has decreased from 1.63 (Mar 23) to 1.41, marking a decrease of 0.22.
For Current Ratio (X), as of Mar 24, the value is 3.06. This value exceeds the healthy maximum of 3. It has increased from 2.86 (Mar 23) to 3.06, marking an increase of 0.20.
For Quick Ratio (X), as of Mar 24, the value is 2.11. This value exceeds the healthy maximum of 2. It has increased from 1.64 (Mar 23) to 2.11, marking an increase of 0.47.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.37. This value is below the healthy minimum of 4. It has decreased from 2.15 (Mar 23) to 1.37, marking a decrease of 0.78.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 4.99. This value is below the healthy minimum of 20. It has increased from 2.18 (Mar 23) to 4.99, marking an increase of 2.81.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 4.26. This value is below the healthy minimum of 20. It has increased from 1.82 (Mar 23) to 4.26, marking an increase of 2.44.
For Earning Retention Ratio (%), as of Mar 24, the value is 95.01. This value exceeds the healthy maximum of 70. It has decreased from 97.82 (Mar 23) to 95.01, marking a decrease of 2.81.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 95.74. This value exceeds the healthy maximum of 70. It has decreased from 98.18 (Mar 23) to 95.74, marking a decrease of 2.44.
For Interest Coverage Ratio (X), as of Mar 24, the value is 43.39. This value is within the healthy range. It has increased from 33.72 (Mar 23) to 43.39, marking an increase of 9.67.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 32.89. This value is within the healthy range. It has increased from 22.96 (Mar 23) to 32.89, marking an increase of 9.93.
For Enterprise Value (Cr.), as of Mar 24, the value is 958.92. It has increased from 662.92 (Mar 23) to 958.92, marking an increase of 296.00.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.28. This value exceeds the healthy maximum of 3. It has increased from 3.93 (Mar 23) to 4.28, marking an increase of 0.35.
For EV / EBITDA (X), as of Mar 24, the value is 18.20. This value exceeds the healthy maximum of 15. It has decreased from 19.02 (Mar 23) to 18.20, marking a decrease of 0.82.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.24. This value exceeds the healthy maximum of 3. It has increased from 3.96 (Mar 23) to 4.24, marking an increase of 0.28.
For Retention Ratios (%), as of Mar 24, the value is 95.00. This value exceeds the healthy maximum of 70. It has decreased from 97.81 (Mar 23) to 95.00, marking a decrease of 2.81.
For Price / BV (X), as of Mar 24, the value is 7.37. This value exceeds the healthy maximum of 3. It has decreased from 7.42 (Mar 23) to 7.37, marking a decrease of 0.05.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.24. This value exceeds the healthy maximum of 3. It has increased from 3.96 (Mar 23) to 4.24, marking an increase of 0.28.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has increased from 0.03 (Mar 23) to 0.04, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Focus Lighting & Fixtures Ltd as of April 4, 2025 is: 135.50

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 April 4, 2025, Focus Lighting & Fixtures Ltd is Undervalued by 66.05% compared to the current share price 81.60

Intrinsic Value of Focus Lighting & Fixtures Ltd as of April 4, 2025 is: 188.28

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 April 4, 2025, Focus Lighting & Fixtures Ltd is Undervalued by 130.74% compared to the current share price 81.60

Last 5 Year EPS CAGR: 38.95%

*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 (127.67 cr) and profit (15.67 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: 16.63%)
  - 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: 14.78%)
  - 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: 22.5 (Industry average Stock P/E: 57.24)
  - 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 intrinsic value of Focus Lighting & Fixtures Ltd?

Focus Lighting & Fixtures Ltd's intrinsic value (as of 03 April 2025) is ₹135.50 — 66.05% higher the current market price of ₹81.60, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 549 Cr. market cap, FY2025-2026 high/low of ₹185/63.8, reserves of 127 Cr, and liabilities of 217 Cr.

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

The Market Cap of Focus Lighting & Fixtures Ltd is 549 Cr..

What is the current Stock Price of Focus Lighting & Fixtures Ltd as on 03 April 2025?

The current stock price of Focus Lighting & Fixtures Ltd as on 03 April 2025 is 81.6.

What is the High / Low of Focus Lighting & Fixtures Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Focus Lighting & Fixtures Ltd stocks is ₹185/63.8.

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

The Stock P/E of Focus Lighting & Fixtures Ltd is 22.5.

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 0.61 %.

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.