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 99.4
- Book Value ₹ 21.5
- Dividend Yield 0.00 %
- ROCE 14.0 %
- ROE 11.3 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 47.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 92 | 121 | 99 | 60 | 105 | 169 | 224 | 183 | 173 | |
| 72 | 81 | 105 | 92 | 58 | 96 | 135 | 177 | 157 | 158 | |
| Operating Profit | 6 | 11 | 16 | 8 | 2 | 9 | 33 | 46 | 26 | 15 |
| OPM % | 8% | 12% | 13% | 8% | 3% | 9% | 20% | 21% | 14% | 9% |
| 1 | 0 | 1 | 1 | 1 | 1 | 1 | 6 | 3 | 3 | |
| Interest | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 2 | 4 | 4 | 3 | 5 | 7 | 8 | 10 |
| Profit before tax | 6 | 10 | 13 | 4 | -3 | 6 | 29 | 45 | 20 | 8 |
| Tax % | 33% | 39% | 27% | 47% | -13% | 23% | 22% | 13% | 24% | |
| 4 | 6 | 10 | 2 | -2 | 5 | 23 | 39 | 15 | 5 | |
| EPS in Rs | 3.24 | 3.53 | 5.78 | 0.45 | -0.46 | 0.90 | 3.54 | 5.91 | 2.26 | 0.75 |
| Dividend Payout % | 0% | 0% | 3% | 0% | 0% | 11% | 42% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 20% |
| TTM: | -20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 49% |
| TTM: | -85% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 81% |
| 3 Years: | 6% |
| 1 Year: | -37% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 25% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 3 | 3 | 10 | 10 | 10 | 13 | 13 | 13 | 13 |
| Reserves | 9 | 18 | 28 | 23 | 21 | 25 | 77 | 115 | 127 | 131 |
| 0 | 2 | 3 | 4 | 5 | 3 | 3 | 13 | 17 | 13 | |
| 14 | 16 | 17 | 23 | 26 | 42 | 35 | 49 | 44 | 53 | |
| Total Liabilities | 26 | 40 | 51 | 61 | 62 | 80 | 128 | 190 | 202 | 210 |
| 2 | 3 | 13 | 13 | 15 | 15 | 21 | 21 | 38 | 36 | |
| CWIP | 0 | 4 | 1 | 0 | 1 | 1 | 2 | 19 | 22 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 6 | 3 | 3 |
| 24 | 33 | 37 | 47 | 46 | 64 | 95 | 144 | 138 | 144 | |
| Total Assets | 26 | 40 | 51 | 61 | 62 | 80 | 128 | 190 | 202 | 210 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 2 | 6 | 3 | 3 | 6 | -14 | 6 | 32 | |
| 0 | -6 | -9 | -3 | -1 | -3 | -10 | -20 | -25 | |
| 0 | 5 | 0 | 0 | -1 | -3 | 30 | 9 | -4 | |
| Net Cash Flow | 0 | 2 | -2 | -0 | 1 | -1 | 7 | -5 | 3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64 | 70 | 57 | 93 | 106 | 86 | 68 | 140 | 138 |
| Inventory Days | 39 | 42 | 57 | 86 | 160 | 124 | 152 | 129 | 171 |
| Days Payable | 70 | 66 | 56 | 94 | 148 | 136 | 68 | 94 | 88 |
| Cash Conversion Cycle | 33 | 46 | 58 | 86 | 118 | 73 | 152 | 175 | 221 |
| Working Capital Days | 36 | 39 | 50 | 69 | 102 | 72 | 111 | 150 | 164 |
| ROCE % | 57% | 48% | 13% | -4% | 18% | 46% | 39% | 14% |
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]