Focus Lighting & Fixtures Ltd
Incorporated in 2005, Focus Lighting & Fixtures Limited is engaged in manufacturing and trading of innovative LED lights and fixtures. [1]
- Market Cap ₹ 502 Cr.
- Current Price ₹ 74.4
- High / Low ₹ 144 / 63.8
- Stock P/E 47.4
- Book Value ₹ 17.7
- Dividend Yield 0.00 %
- ROCE 15.8 %
- ROE 13.2 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 28.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.3% over past five years.
- Earnings include an other income of Rs.8.18 Cr.
- Promoter holding has decreased over last 3 years: -17.4%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 41 | 66 | 71 | 91 | 110 | 90 | 52 | 102 | 162 | 156 | 154 | 165 | |
| 32 | 40 | 60 | 65 | 80 | 94 | 80 | 49 | 93 | 129 | 136 | 135 | 149 | |
| Operating Profit | 2 | 1 | 5 | 6 | 11 | 16 | 10 | 3 | 8 | 33 | 20 | 19 | 16 |
| OPM % | 5% | 3% | 8% | 8% | 12% | 14% | 11% | 5% | 8% | 21% | 13% | 12% | 9% |
| 0 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 4 | 8 | 8 | |
| Interest | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 3 | 4 | 6 | 8 | 9 |
| Profit before tax | 1 | 2 | 5 | 6 | 10 | 13 | 6 | -2 | 5 | 29 | 17 | 19 | 13 |
| Tax % | 34% | 32% | 36% | 34% | 40% | 27% | 33% | -17% | 28% | 23% | 35% | 23% | |
| 1 | 1 | 3 | 4 | 6 | 10 | 4 | -2 | 3 | 22 | 11 | 14 | 11 | |
| EPS in Rs | 38.00 | 55.00 | 146.00 | 3.10 | 3.47 | 5.76 | 0.84 | -0.32 | 0.69 | 3.42 | 1.71 | 2.14 | 1.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 15% | 44% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 15% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 29% |
| 3 Years: | 60% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 6% |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 0.05 | 2 | 3 | 3 | 10 | 10 | 10 | 13 | 13 | 13 | 13 |
| Reserves | 4 | 5 | 8 | 9 | 18 | 28 | 25 | 24 | 27 | 78 | 90 | 102 | 106 |
| 3 | 4 | 4 | 0 | 2 | 3 | 4 | 5 | 3 | 3 | 12 | 17 | 12 | |
| 7 | 8 | 10 | 14 | 16 | 16 | 22 | 26 | 43 | 34 | 23 | 28 | 41 | |
| Total Liabilities | 13 | 17 | 22 | 26 | 40 | 51 | 61 | 64 | 82 | 128 | 138 | 160 | 172 |
| 1 | 1 | 2 | 2 | 3 | 13 | 13 | 15 | 15 | 20 | 21 | 38 | 36 | |
| CWIP | 0 | 0 | 0 | 0 | 4 | 1 | 0 | 1 | 1 | 2 | 19 | 22 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 11 | 6 | 4 | 4 |
| 12 | 16 | 20 | 24 | 32 | 36 | 48 | 48 | 66 | 95 | 91 | 96 | 105 | |
| Total Assets | 13 | 17 | 22 | 26 | 40 | 51 | 61 | 64 | 82 | 128 | 138 | 160 | 172 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 2 | 0 | 2 | 6 | 3 | 3 | 5 | -14 | 5 | 31 | |
| -0 | -0 | -0 | 0 | -6 | -9 | -3 | -2 | -4 | -9 | -20 | -25 | |
| -1 | 1 | 0 | 0 | 5 | 0 | 0 | -1 | -1 | 29 | 9 | -4 | |
| Net Cash Flow | 0 | 1 | 2 | 0 | 1 | -2 | -0 | 0 | -0 | 6 | -6 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78 | 65 | 54 | 70 | 72 | 64 | 109 | 149 | 105 | 80 | 81 | 77 |
| Inventory Days | 45 | 63 | 45 | 39 | 42 | 57 | 88 | 171 | 108 | 136 | 170 | 191 |
| Days Payable | 82 | 89 | 54 | 69 | 65 | 61 | 99 | 171 | 136 | 68 | 43 | 55 |
| Cash Conversion Cycle | 41 | 39 | 45 | 40 | 49 | 60 | 97 | 149 | 78 | 148 | 208 | 213 |
| Working Capital Days | 21 | 24 | 25 | 40 | 41 | 53 | 80 | 132 | 76 | 115 | 153 | 139 |
| ROCE % | 23% | 26% | 48% | 49% | 56% | 48% | 18% | -2% | 15% | 45% | 18% | 16% |
Documents
Announcements
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Bagging/Receiving of orders/contracts
27 November 2025 - Rs10.11 crore lighting order from Ahmedabad Municipal Corporation for Kankaria Lake; execution Dec 2025 within three months.
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Press Release
13 November 2025 - H1 FY26 standalone revenue ₹86.44 Cr (+14% YoY); EBITDA, profit down; Q2 orders ₹2.23Cr and ₹3.00Cr.
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Copy of Newspaper Publication
13 November 2025 - Focus Lighting published extracts of unaudited standalone and consolidated Q2/H1 results; approved Nov 12, published Nov 13, 2025.
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General Updates
12 November 2025 - Board approved Q2/H1 Sep 30, 2025 unaudited results; Rahul Thakkar appointed Factory Head Nov 12, 2025; RPT policy amended.
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Outcome of Board Meeting
12 November 2025 - Approved unaudited Q2/H1 results to Sept 30, 2025; Rahul Thakkar appointed Factory Head; RPT policy amended.
Annual reports
Concalls
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Dec 2024TranscriptPPT
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Dec 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT REC
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Jul 2023Transcript PPT
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Jul 2023TranscriptNotesPPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptPPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
Product Mix H1 FY25
1) Retail & Home Lighting (98%): The company offers a range of spotlights and downlights including Array Pro, Dione Cove, Elite, EOS, Magnus, NIX, Perdu, etc. [1] [2]