Focus Lighting & Fixtures Ltd

Focus Lighting & Fixtures Ltd

₹ 174 -2.74%
19 Apr - close price
About

Incorporated in 2005, Focus Lighting & Fixtures Limited is engaged in manufacturing and trading of innovative LED lights and fixtures. [1]

Key Points

Products[1]
The Company offers a range of products for retail industry, office and home lighting, hospitality lighting, and lighting for infrastructure projects. It has a product range of cabinet lights, Dione Cove, EOS, Lightning systems, Pendant, Recessed, Semi-recessed, surface, track, and trimless. [2]

  • Market Cap 1,151 Cr.
  • Current Price 174
  • High / Low 218 / 95.0
  • Stock P/E 34.4
  • Book Value 16.1
  • Dividend Yield 0.17 %
  • ROCE 46.3 %
  • ROE 36.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 30.4% CAGR over last 5 years
  • Debtor days have improved from 86.6 to 68.5 days.

Cons

  • Stock is trading at 10.8 times its book value
  • Promoter holding has decreased over last quarter: -0.71%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
16.85 27.50 21.91 22.86 25.56 35.06 26.54 40.32 60.84 40.89 51.37 56.18 56.64
15.20 26.50 22.32 21.24 23.02 30.39 23.65 32.30 46.02 33.03 40.21 44.58 46.13
Operating Profit 1.65 1.00 -0.41 1.62 2.54 4.67 2.89 8.02 14.82 7.86 11.16 11.60 10.51
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%
-0.02 0.51 0.12 0.24 0.30 0.49 0.39 0.29 0.47 0.22 1.61 1.51 2.42
Interest 0.23 0.32 0.25 0.04 0.17 0.17 0.23 0.30 0.25 0.22 0.30 0.22 0.29
Depreciation 1.19 0.98 0.82 0.25 0.88 0.89 0.96 0.98 1.15 1.40 1.17 1.57 2.29
Profit before tax 0.21 0.21 -1.36 1.57 1.79 4.10 2.09 7.03 13.89 6.46 11.30 11.32 10.35
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%
0.10 -0.23 -1.10 1.58 1.32 3.35 2.65 4.84 10.29 5.16 9.03 9.59 9.68
EPS in Rs 0.02 -0.05 -0.22 0.31 0.26 0.66 0.52 0.96 2.01 0.82 1.39 1.48 1.46
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
78 92 121 99 60 105 168 205
72 81 105 92 58 96 135 164
Operating Profit 6 11 16 8 2 9 33 41
OPM % 8% 12% 13% 8% 3% 9% 20% 20%
1 0 1 1 1 1 1 6
Interest 1 0 1 1 1 1 1 1
Depreciation 0 1 2 4 4 3 5 6
Profit before tax 6 10 13 4 -3 6 29 39
Tax % 33% 39% 27% 47% 13% 23% 22%
4 6 10 2 -2 5 23 33
EPS in Rs 3.24 3.53 5.78 0.45 -0.46 0.90 3.54 5.15
Dividend Payout % 0% 0% 3% 0% 0% 11% 8%
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: 45%
3 Years: 237%
1 Year: 31%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 3 3 10 10 10 13 13
Reserves 9 18 28 23 21 25 77 94
0 2 3 4 5 3 3 0
14 16 17 23 26 42 35 35
Total Liabilities 26 40 51 61 62 80 128 142
2 3 13 13 15 15 21 22
CWIP 0 4 1 0 1 1 2 1
Investments 0 0 0 0 0 0 0 0
24 33 37 47 46 64 105 120
Total Assets 26 40 51 61 62 80 128 142

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 2 6 3 3 6 -14
0 -6 -9 -3 -1 -3 -10
0 5 0 0 -1 -3 31
Net Cash Flow 0 2 -2 -0 1 -1 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 64 70 57 93 106 86 68
Inventory Days 39 42 57 86 160 124 152
Days Payable 70 66 56 94 148 136 68
Cash Conversion Cycle 33 46 58 86 118 73 152
Working Capital Days 38 46 58 84 126 80 118
ROCE % 57% 48% 13% -4% 18% 46%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.36% 73.36% 73.36% 73.36% 72.66% 72.66% 72.66% 56.80% 56.80% 56.80% 56.09% 56.09%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.24% 0.00% 0.00% 0.00% 0.00%
26.64% 26.64% 26.64% 26.63% 26.38% 26.38% 26.38% 42.64% 42.88% 43.20% 42.67% 43.40%
No. of Shareholders 1881883657077051,1052,2903,2374,5398,12715,28316,249

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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