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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Prime Focus Ltd

About the Company - Prime Focus Ltd

Prime Focus Ltd. is a Public Limited Listed company incorporated on 24/06/1997 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L92100MH1997PLC108981 and registration number is 108981. Currently Company is involved in the business activities of Motion picture, video and television programme post-production activities. Company’s Total Operating Revenue is Rs. 120.92 Cr. and Equity Capital is Rs. 29.95 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Entertainment & MediaPrime Focus House, Mumbai Maharashtra 400052ir.india@primefocus.com
http://www.primefocus.com
Management
NamePosition Held
Mr. Naresh MalhotraChairman & Wholetime Director
Mr. Namit MalhotraNon Executive Director
Mr. Vibhav Niren ParikhNon Executive Director
Mr. Kodi Raghavan SrinivasanIndependent Director
Mr. Samu DevarajanIndependent Director
Dr.(Mrs.) Hemalatha ThiagarajanIndependent Director

Prime Focus Ltd. Share Price Update

Share PriceValue
Today₹122.20
Previous Day₹121.60

Basic Stock Data of Prime Focus Ltd

Market Cap 3,672 Cr.
Current Price 123
High / Low148/68.1
Stock P/E
Book Value 16.5
Dividend Yield0.00 %
ROCE15.5 %
ROE252 %
Face Value 1.00

Data Source: screener.in

Competitors of Prime Focus Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Zee Entertainment Enterprises Ltd 16,113 Cr. 168300/15274.0 1120.00 %7.94 %0.35 % 1.00
UFO Moviez India Ltd 597 Cr. 155174/57.259.4 71.50.00 %0.97 %4.95 % 10.0
Zee Media Corporation Ltd 929 Cr. 14.918.3/7.35 5.290.00 %1.91 %10.6 % 1.00
Entertainment Network (India) Ltd 1,604 Cr. 336351/11063.1 1560.30 %0.58 %1.38 % 10.0
Sun TV Network Ltd 24,575 Cr. 624735/39413.0 2562.40 %25.5 %19.2 % 5.00
Industry Average313.4 Cr259.5841.9120.160.54%7.38%7.3%5.4

Prime Focus Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6525886916627738521,0991,0281,0751,1061,4351,2101,026
Expenses4715415235526056547798588969179991,0571,033
Operating Profit18148168111168199319170179189437153-7
OPM %28%8%24%17%22%23%29%17%17%17%30%13%-1%
Other Income-18622239-1917-12645070965912
Interest60656878959910110110088132156160
Depreciation97941339896100123101107102157125128
Profit before tax6-50-12-26-4217-31-282269243-69-284
Tax %77%32%-138%2%-11%165%-189%-74%51%40%22%-5%10%
Net Profit1-34-28-26-47-11-90-491142190-72-257
EPS in Rs0.05-0.86-0.78-0.75-1.57-0.40-3.01-1.510.400.555.48-2.27-7.37

Prime Focus Ltd Quarterly Chart

Prime Focus Ltd Profit & Loss

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7707601,0801,6061,3822,1532,2572,5392,9282,5363,3864,6444,778
Expenses5425848751,3641,1801,7431,8402,1802,5241,9472,5893,6694,007
Operating Profit228176204241203410416359404590797975771
OPM %30%23%19%15%15%19%18%14%14%23%24%21%16%
Other Income10-9123-228-38121341231345-89219236
Interest35426973262172212237231251373421536
Depreciation71100133221203255277304381422417527512
Profit before tax133-5725-281-301105-39-58-196-39-82246-41
Tax %23%70%28%-12%-5%9%-15%44%21%-46%-111%45%
Net Profit103-1718-313-31796-44-33-154-56-174194-97
EPS in Rs7.15-1.101.31-9.78-9.482.79-1.78-0.76-4.39-1.45-5.734.92-3.61
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Prime Focus Ltd Profit & Loss Yearly Chart

Prime Focus Ltd Growth

Compounded Sales Growth
10 Years:20%
5 Years:16%
3 Years:17%
TTM:5%
Compounded Profit Growth
10 Years:7%
5 Years:41%
3 Years:60%
TTM:-918%
Stock Price CAGR
10 Years:16%
5 Years:19%
3 Years:33%
1 Year:74%
Return on Equity
10 Years:%
5 Years:9%
3 Years:40%
Last Year:252%

Prime Focus Ltd Balance Sheet

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14191930303030303030303030
Reserves4695367191,08237851046341636223784-5464
Borrowings5407078231,0371,5711,3391,6372,4193,3713,9044,1024,8954,548
Other Liabilities3052434981,2291,3661,4221,3099821,2051,1591,4221,8221,862
Total Liabilities1,3281,5042,0593,3793,3453,3013,4393,8464,9695,3295,6386,7436,903
Fixed Assets8508621,0922,1382,3222,2472,2642,4452,9262,9732,8953,0673,216
CWIP62720445120556347302815228
Investments0008689444400131146
Other Assets4726159471,1118831,0301,1161,3341,9922,3272,7153,3933,513
Total Assets1,3281,5042,0593,3793,3453,3013,4393,8464,9695,3295,6386,7436,903

Prime Focus Ltd Reserves and Borrowings Chart

Prime Focus Ltd Cash Flow

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -202621330291201120522328183254
Cash from Investing Activity -132-239-446-98-89-374-269-154-104-80-490
Cash from Financing Activity 169178254123-187147159-201-114-232152
Net Cash Flow18-35215515-2710166111-129-84

Prime Focus Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Jun 2014Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days139122130855046565972324949
Inventory Days
Days Payable
Cash Conversion Cycle139122130855046565972324949
Working Capital Days-4789128-14-120-57-404729704978
ROCE %18%8%8%2%2%8%8%7%3%6%11%16%

Prime Focus Ltd Financial Efficiency Indicators Chart

Prime Focus Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters34.96%70.02%70.02%70.02%70.02%69.96%69.96%69.96%69.96%69.96%69.95%69.95%
FIIs11.19%11.19%11.19%11.20%11.20%11.21%11.21%11.21%11.21%11.21%11.26%11.22%
Public53.86%18.79%18.79%18.78%18.77%18.83%18.84%18.83%18.84%18.84%18.79%18.83%
No. of Shareholders11,17810,72410,60210,42710,53410,31010,53910,60810,38110,09010,75912,326

Prime Focus Ltd Shareholding Pattern Chart

No. of Prime Focus Ltd Shareholders

This stock is not held by any mutual fund

Prime Focus Ltd ROCE Trend

Prime Focus Ltd EPS Trend

Prime Focus Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)6.49-5.81-1.87-5.14-1.10
Diluted EPS (Rs.)6.38-5.81-1.87-5.14-1.10
Cash EPS (Rs.)22.088.1112.237.609.04
Book Value[Excl.RevalReserv]/Share (Rs.)5.246.4011.5815.9321.43
Book Value[Incl.RevalReserv]/Share (Rs.)5.246.4011.5815.9321.43
Revenue From Operations / Share (Rs.)155.07113.0584.7897.9084.90
PBDIT / Share (Rs.)41.8529.6621.9616.1916.10
PBIT / Share (Rs.)26.2715.757.863.445.96
PBT / Share (Rs.)10.22-2.75-1.29-6.55-1.95
Net Profit / Share (Rs.)6.49-5.81-1.88-5.14-1.10
NP After MI And SOA / Share (Rs.)4.92-5.73-1.45-4.39-0.75
PBDIT Margin (%)26.9926.2325.9016.5318.96
PBIT Margin (%)16.9413.929.263.517.01
PBT Margin (%)6.59-2.42-1.52-6.68-2.29
Net Profit Margin (%)4.18-5.13-2.21-5.25-1.29
NP After MI And SOA Margin (%)3.17-5.06-1.71-4.48-0.89
Return on Networth / Equity (%)584.94-150.10-16.28-33.51-4.29
Return on Capital Employeed (%)15.3320.5211.144.107.60
Return On Assets (%)2.17-3.02-0.80-2.62-0.58
Long Term Debt / Equity (X)137.899.052.612.742.62
Total Debt / Equity (X)154.3226.789.895.754.07
Asset Turnover Ratio (%)0.740.030.020.040.06
Current Ratio (X)1.410.530.540.650.71
Quick Ratio (X)1.410.530.540.650.71
Interest Coverage Ratio (X)2.982.382.622.092.04
Interest Coverage Ratio (Post Tax) (X)1.601.020.860.620.86
Enterprise Value (Cr.)6297.175627.964056.212841.504158.20
EV / Net Operating Revenue (X)1.361.661.600.971.64
EV / EBITDA (X)5.026.336.175.878.63
MarketCap / Net Operating Revenue (X)0.520.800.670.250.78
Price / BV (X)96.7623.876.441.943.76
Price / Net Operating Revenue (X)0.520.800.670.250.78
EarningsYield0.06-0.06-0.02-0.17-0.01

Prime Focus Ltd Profitability Ratios (%)

Prime Focus Ltd Liquidity Ratios

Prime Focus Ltd Liquidity Ratios (%)

Prime Focus Ltd Interest Coverage Ratios (X)

Prime Focus Ltd Valuation Ratios

Fair Value / Intrinsic Value of Prime Focus Ltd

Fair Value: ₹636.17

The stock is undervalued by 417.21% compared to the current price ₹123

*Investments are subject to market risks

Strength and Weakness of Prime Focus Ltd

StrengthWeakness
  1. The stock has a low average Working Capital Days of 17.67, which is a positive sign.
  1. The stock is trading at a high valuation with an average P/B ratio of 11.86 and average Dividend Yield of 10.13%.
  2. The stock has a low average ROCE of 8.08%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 74.08, which may not be favorable.
  4. The company has higher borrowings (2,376.38) compared to reserves (439.62), which may suggest financial risk.
  5. The company has not shown consistent growth in sales (119.54) and profit (-45.00).

Should I Buy Prime Focus Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Prime Focus Ltd:
    1. Net Profit Margin: 4.18%
      • 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: 15.33% (Industry Average ROCE: 3%)
      • 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. Interest Coverage Ratio (Post Tax): 1.60
      • 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.
    4. Quick Ratio: 1.41
      • 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.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 59.6)
      • 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.
    6. ✗ Total Debt / Equity: 154.32
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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 Prime Focus 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