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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Focus Lighting & Fixtures Ltd

About the Company - Focus Lighting & Fixtures Ltd

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 Electric Equipment - General. Company’s Total Operating Revenue is Rs. 101.55 Cr. and Equity Capital is Rs. 10.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsNo.1007-1010, Corporate Avenue, Wing A, Mumbai Maharashtra 400063info@pluslighttech.com
http://www.focuslightingandfixtures.com
Management
NamePosition Held
Mr. Amit Vinod ShethChairman & Managing Director
Mrs. Deepali Amit ShethExecutive Director
Ms. Khushi Amit ShethNon Executive Director
Mr. Mahesh RachhIndependent Director
Mr. Chetan Navinchandra ShahIndependent Director
Mr. Sanjay Surajmal GaggarIndependent Director

Basic Stock Data of Focus Lighting & Fixtures Ltd

Last Updated: June 21, 2024, 10:57 pm

Market Cap 1,021 Cr.
Current Price 154
High / Low218/111
Stock P/E26.4
Book Value 19.4
Dividend Yield0.19 %
ROCE39.2 %
ROE35.4 %
Face Value 2.00
PEG Ratio0.40

Focus Lighting & Fixtures Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales16.8527.5021.9122.8625.5635.0626.5440.3260.8440.8951.3756.1856.64
Expenses15.2026.5022.3221.2423.0230.3923.6532.3046.0233.0340.2144.5846.13
Operating Profit1.651.00-0.411.622.544.672.898.0214.827.8611.1611.6010.51
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-0.020.510.120.240.300.490.390.290.470.221.611.512.42
Interest0.230.320.250.040.170.170.230.300.250.220.300.220.29
Depreciation1.190.980.820.250.880.890.960.981.151.401.171.572.29
Profit before tax0.210.21-1.361.571.794.102.097.0313.896.4611.3011.3210.35
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 Profit0.10-0.23-1.101.581.323.352.654.8410.295.169.039.599.68
EPS in Rs0.02-0.05-0.220.310.260.660.520.962.010.821.391.481.46

Last Updated: June 5, 2024, 11:40 pm

Focus Lighting & Fixtures Ltd Quarterly Chart

Focus Lighting & Fixtures Ltd Profit & Loss

Last Updated: June 2, 2024, 1:34 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales78921219960105168209
Expenses7281105925896135164
Operating Profit611168293345
OPM %8%12%13%8%3%9%20%22%
Other Income10111114
Interest10111111
Depreciation01244355
Profit before tax610134-362943
Tax %33%39%27%47%13%23%22%
Net Profit46102-252334
EPS in Rs3.243.535.780.45-0.460.903.545.73
Dividend Payout %0%0%3%0%0%11%8%

Focus Lighting & Fixtures Ltd Profit & Loss Yearly Chart

Focus Lighting & Fixtures Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:19%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:30%
3 Years:119%
TTM:58%
Stock Price CAGR
10 Years:%
5 Years:43%
3 Years:229%
1 Year:34%
Return on Equity
10 Years:%
5 Years:20%
3 Years:19%
Last Year:36%

Last Updated: April 15, 2024, 12:43 pm

Focus Lighting & Fixtures Ltd Balance Sheet

Last Updated: June 2, 2024, 1:34 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2331010101313
Reserves918282321257794
Borrowings02345330
Other Liabilities1416172326423535
Total Liabilities264051616280128142
Fixed Assets23131315152122
CWIP04101121
Investments00000000
Other Assets243337474664105120
Total Assets264051616280128142

Focus Lighting & Fixtures Ltd Reserves and Borrowings Chart

Focus Lighting & Fixtures Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 026336-14
Cash from Investing Activity 0-6-9-3-1-3-10
Cash from Financing Activity 0500-1-331
Net Cash Flow02-2-01-17

Focus Lighting & Fixtures Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days647057931068668140
Inventory Days39425786160124152129
Days Payable706656941481366894
Cash Conversion Cycle3346588611873152175
Working Capital Days3846588412680118152
ROCE %57%48%13%-4%18%46%

Focus Lighting & Fixtures Ltd Financial Efficiency Indicators Chart

Focus Lighting & Fixtures Ltd Share Holding Pattern

MonthMar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters73.36%73.36%73.36%73.36%72.66%72.66%72.66%56.80%56.80%56.80%56.09%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.24%0.00%0.00%0.00%
Public26.64%26.64%26.64%26.63%26.38%26.38%26.38%42.64%42.88%43.20%42.67%
No. of Shareholders1881883657077051,1052,2903,2374,5398,12715,283

Focus Lighting & Fixtures Ltd Shareholding Pattern Chart

No. of Focus Lighting & Fixtures Ltd Shareholders

This stock is not held by any mutual fund

Focus Lighting & Fixtures Ltd ROCE Trend

Focus Lighting & Fixtures Ltd EPS Trend

Focus Lighting & Fixtures Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)18.034.04-1.862.0029.00
Diluted EPS (Rs.)17.764.04-1.862.0029.00
Cash EPS (Rs.)20.907.811.185.7335.81
Book Value[Excl.RevalReserv]/Share (Rs.)68.9234.7730.9932.9893.24
Book Value[Incl.RevalReserv]/Share (Rs.)68.9234.7730.9932.9893.24
Revenue From Operations / Share (Rs.)129.18103.9859.1597.99358.19
PBDIT / Share (Rs.)26.7010.051.388.2248.48
PBIT / Share (Rs.)23.196.74-1.664.7541.53
PBT / Share (Rs.)22.395.87-2.194.2839.78
Net Profit / Share (Rs.)17.394.50-1.862.2628.87
NP After MI And SOA / Share (Rs.)17.754.50-1.862.2628.87
PBDIT Margin (%)20.669.662.328.3913.53
PBIT Margin (%)17.946.48-2.814.8511.59
PBT Margin (%)17.335.64-3.704.3711.10
Net Profit Margin (%)13.464.32-3.142.318.06
NP After MI And SOA Margin (%)13.734.32-3.142.318.06
Return on Networth / Equity (%)25.7512.92-6.006.8630.96
Return on Capital Employeed (%)31.4316.93-5.2214.3244.11
Return On Assets (%)18.135.72-3.283.7718.98
Long Term Debt / Equity (X)0.000.010.020.000.00
Total Debt / Equity (X)0.030.070.140.120.08
Asset Turnover Ratio (%)1.631.450.861.602.41
Current Ratio (X)2.861.551.761.711.90
Quick Ratio (X)1.640.941.041.141.24
Inventory Turnover Ratio (X)2.152.061.022.303.22
Dividend Payout Ratio (NP) (%)2.180.000.0014.710.00
Dividend Payout Ratio (CP) (%)1.820.000.005.810.00
Earning Retention Ratio (%)97.820.000.0085.290.00
Cash Earning Retention Ratio (%)98.180.000.0094.190.00
Interest Coverage Ratio (X)33.7211.532.6011.4827.68
Interest Coverage Ratio (Post Tax) (X)22.966.15-2.513.8217.50
Enterprise Value (Cr.)662.9290.1727.4424.2559.72
EV / Net Operating Revenue (X)3.930.850.450.240.49
EV / EBITDA (X)19.028.8519.682.913.65
MarketCap / Net Operating Revenue (X)3.960.830.400.200.47
Retention Ratios (%)97.810.000.0085.280.00
Price / BV (X)7.422.500.770.621.83
Price / Net Operating Revenue (X)3.960.830.400.200.47
EarningsYield0.030.05-0.070.110.16

Focus Lighting & Fixtures Ltd Profitability Ratios (%)

Focus Lighting & Fixtures Ltd Liquidity Ratios

Focus Lighting & Fixtures Ltd Liquidity Ratios (%)

Focus Lighting & Fixtures Ltd Interest Coverage Ratios (%)

Focus Lighting & Fixtures Ltd Valuation Ratios

Fair Value

Fair Value: 181.65

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.

Undervalued: 17.95% compared to the current price 154

Intrinsic Value: 302.15

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 96.20% compared to the current price ₹154

Last 5 Year EPS CAGR: 66.34%

*Investments are subject to market risks

Strength and Weakness of Focus Lighting & Fixtures Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 22.25%, which is a positive sign.
  2. The company has higher reserves (36.88 cr) compared to borrowings (2.50 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (116.50 cr) and profit (13.50 cr) over the years.
  1. The stock has a high average Working Capital Days of 87.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 92.63, which may not be favorable.

FAQ

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

The latest fair value of Focus Lighting & Fixtures Ltd is ₹181.65.

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

The Market Cap of Focus Lighting & Fixtures Ltd is 1,021 Cr..

What is the current Stock Price of Focus Lighting & Fixtures Ltd as on 23 June 2024?

The current stock price of Focus Lighting & Fixtures Ltd as on 23 June 2024 is ₹154.

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

In FY 2024, the High / Low of Focus Lighting & Fixtures Ltd stocks is 218/111.

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

The Stock P/E of Focus Lighting & Fixtures Ltd is 26.4.

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

The Book Value of Focus Lighting & Fixtures Ltd is 19.4.

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

The Dividend Yield of Focus Lighting & Fixtures Ltd is 0.19 %.

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 35.4 %.

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

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

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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