Prime Focus Ltd
PFL was founded by Mr. Namit Naresh Malhotra in 1997. It started from Mumbai to being an integrated media and entertainment services powerhouse. [1] It is present in 18 cities (8 in India and 10 internationally) across 5 continents. [2]
Prime Focus is engaged in the business of post-production activities including digital intermediate, visual effects, 2D to 3D conversion, and other technical and creative services to the Media and Entertainment industry.[3]
- Market Cap ₹ 13,185 Cr.
- Current Price ₹ 170
- High / Low ₹ 204 / 85.0
- Stock P/E
- Book Value ₹ 91.4
- Dividend Yield 0.00 %
- ROCE -1.69 %
- ROE -2.43 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -6.81%
- The company has delivered a poor sales growth of -21.2% over past five years.
- Company has a low return on equity of -1.60% over last 3 years.
- Earnings include an other income of Rs.14.3 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2014 15m | Jun 2015 | Mar 2016 9m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 274 | 122 | 118 | 153 | 145 | 161 | 131 | 77 | 121 | 41 | 33 | 40 | 28 | |
| 180 | 74 | 73 | 136 | 133 | 140 | 87 | 48 | 58 | 39 | 30 | 52 | 40 | |
| Operating Profit | 93 | 48 | 45 | 18 | 11 | 21 | 44 | 28 | 63 | 2 | 3 | -12 | -12 |
| OPM % | 34% | 40% | 38% | 12% | 8% | 13% | 34% | 37% | 52% | 5% | 9% | -31% | -42% |
| 38 | -5 | 13 | 34 | 27 | 41 | 221 | 124 | 323 | 41 | 50 | 236 | 14 | |
| Interest | 28 | 25 | 22 | 33 | 74 | 57 | 63 | 59 | 32 | 24 | 23 | 23 | 15 |
| Depreciation | 44 | 24 | 25 | 31 | 33 | 38 | 67 | 66 | 63 | 33 | 30 | 29 | 30 |
| Profit before tax | 59 | -5 | 12 | -12 | -69 | -33 | 134 | 26 | 291 | -14 | -1 | 172 | -43 |
| Tax % | -8% | 502% | 53% | -9% | -18% | 0% | -24% | 0% | 0% | 76% | -45% | -8% | |
| 64 | -28 | 6 | -11 | -57 | -33 | 167 | 26 | 291 | -24 | -0 | 186 | -35 | |
| EPS in Rs | 3.44 | -0.94 | 0.18 | -0.37 | -1.89 | -1.11 | 5.57 | 0.89 | 9.70 | -0.82 | -0.01 | 6.20 | -1.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -21% |
| 3 Years: | -31% |
| TTM: | -36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -4% |
| 3 Years: | % |
| TTM: | -1384% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 35% |
| 3 Years: | 36% |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -1% |
| 3 Years: | -2% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2014 | Jun 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 | 19 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 78 |
| Reserves | 433 | 1,013 | 1,078 | 1,067 | 1,087 | 1,090 | 1,235 | 1,261 | 1,553 | 1,538 | 1,539 | 1,725 | 7,011 |
| 377 | 449 | 493 | 560 | 415 | 439 | 453 | 299 | 236 | 201 | 201 | 201 | 200 | |
| 102 | 135 | 189 | 138 | 133 | 183 | 247 | 244 | 194 | 112 | 139 | 215 | 513 | |
| Total Liabilities | 930 | 1,627 | 1,790 | 1,795 | 1,665 | 1,743 | 1,966 | 1,834 | 2,012 | 1,881 | 1,909 | 2,171 | 7,802 |
| 173 | 272 | 406 | 392 | 393 | 571 | 565 | 516 | 332 | 300 | 281 | 251 | 236 | |
| CWIP | 0 | 0 | 1 | 1 | 2 | 20 | 13 | 10 | 11 | 11 | 0 | 0 | 0 |
| Investments | 238 | 864 | 873 | 944 | 939 | 849 | 781 | 618 | 682 | 1,167 | 1,191 | 1,879 | 7,460 |
| 518 | 490 | 510 | 459 | 332 | 303 | 607 | 690 | 988 | 404 | 438 | 41 | 106 | |
| Total Assets | 930 | 1,627 | 1,790 | 1,795 | 1,665 | 1,743 | 1,966 | 1,834 | 2,012 | 1,881 | 1,909 | 2,171 | 7,802 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 90 | 169 | -52 | 47 | 146 | 44 | 31 | 29 | 42 | 2 | 14 | 22 | |
| 6 | -413 | -49 | -4 | 50 | 192 | 42 | 217 | -32 | 31 | -14 | -21 | |
| -97 | 245 | 101 | -44 | -196 | -236 | -74 | -223 | -27 | -38 | -1 | 0 | |
| Net Cash Flow | -1 | 1 | -0 | -0 | 0 | -0 | -1 | 24 | -17 | -6 | -1 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2014 | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 186 | 161 | 223 | 130 | 124 | 111 | 125 | 162 | 8 | 10 | 59 | 12 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 186 | 161 | 223 | 130 | 124 | 111 | 125 | 162 | 8 | 10 | 59 | 12 |
| Working Capital Days | 162 | 533 | 670 | -11 | -238 | 67 | 828 | 1,706 | 2,300 | 2,618 | 3,272 | -3,288 |
| ROCE % | 10% | 3% | 3% | -0% | -0% | 0% | -0% | -1% | 4% | 0% | 1% | -2% |
Documents
Announcements
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Intimation Of Receipt Of The Trading Approval From The Stock Exchanges Pursuant To Regulation 30 Of The SEBI (LODR) For Trading Of 46,26,68,572 Fully Paid Up Equity Shares Of Re. 1 /- Each, Allotted On A Preferential Basis.
13m - Trading approval for 462,668,572 preferential shares (₹1 face, ₹119 premium); dealings from Nov 20, 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 Nov - Rs.5,552.02 crore preferential issue; share-swap allotment for DNEG completed; Rs.390.51 crore unutilized parked in liquid fund.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - Shalini Govil-Pai independent director; Nishant Fadia to non-exec; Vikas Rathee appointed CFO; Merzin Tavaria resigned. Effective Nov 12-13, 2025.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
12 Nov - Allotment of 3,93,999 Equity Shares of Prime Focus Limited (the "Company") under PFL ESOP scheme -2014
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Prime Focus Limited (The 'Company') Held On November 12, 2025.
12 Nov - Board approved Q2/H1 results; CFO resigned Nov 12; Vikas Rathee appointed Nov 13; preferential issue ₹5,55,203.33 Lakh.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Jul 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017Transcript PPT
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Aug 2017TranscriptNotesPPT
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Aug 2017Transcript PPT
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May 2017Transcript PPT
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Feb 2017Transcript PPT
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Dec 2016Transcript PPT
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Aug 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
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Feb 2016TranscriptNotesPPT
Milestones
It is the first company in India to offer a high-end post-production finishing system, film scanning, and recording system. It is also the first in South Asia to offer a 4K DI Facility. [1] It is one of the world’s largest providers of end-to-end post-production services. [2] The co. owns India’s largest integrated studio in Mumbai, controlling the major share of the local studio market. [3]