Prime Focus Ltd

Prime Focus Ltd

₹ 102 -0.20%
25 Apr - close price
About

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]

Key Points

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. Its technology division, Prime Focus Technologies, deployed the World’s first Hybrid Cloud platform “CLEARTM” in 2009. It is the first company in the world to convert an entire Hollywood film from 2D to 3D - transforming the stereo conversion services landscape forever. [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]

  • Market Cap 3,043 Cr.
  • Current Price 102
  • High / Low 148 / 76.3
  • Stock P/E
  • Book Value 16.5
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 252 %
  • Face Value 1.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.0%
  • Company's median sales growth is 28.0% of last 10 years

Cons

  • Stock is trading at 6.15 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.271 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.

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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
588 691 662 773 852 1,099 1,028 1,075 1,106 1,435 1,210 1,026 841
541 523 552 605 654 779 858 896 917 999 1,057 1,033 815
Operating Profit 48 168 111 168 199 319 170 179 189 437 153 -7 26
OPM % 8% 24% 17% 22% 23% 29% 17% 17% 17% 30% 13% -1% 3%
62 22 39 -19 17 -126 4 50 70 96 59 12 105
Interest 65 68 78 95 99 101 101 100 88 132 156 160 117
Depreciation 94 133 98 96 100 123 101 107 102 157 125 128 132
Profit before tax -50 -12 -26 -42 17 -31 -28 22 69 243 -69 -284 -118
Tax % 32% -138% 2% -11% 165% -189% -74% 51% 40% 22% -5% 10% 33%
-34 -28 -26 -47 -11 -90 -49 11 42 190 -72 -257 -79
EPS in Rs -0.86 -0.78 -0.75 -1.57 -0.40 -3.01 -1.51 0.40 0.55 5.48 -2.27 -7.37 -1.85
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
770 760 1,080 1,606 1,382 2,153 2,257 2,539 2,928 2,536 3,386 4,644 4,513
542 584 875 1,364 1,180 1,743 1,840 2,180 2,524 1,947 2,589 3,669 3,904
Operating Profit 228 176 204 241 203 410 416 359 404 590 797 975 609
OPM % 30% 23% 19% 15% 15% 19% 18% 14% 14% 23% 24% 21% 13%
10 -91 23 -228 -38 121 34 123 13 45 -89 219 271
Interest 35 42 69 73 262 172 212 237 231 251 373 421 565
Depreciation 71 100 133 221 203 255 277 304 381 422 417 527 543
Profit before tax 133 -57 25 -281 -301 105 -39 -58 -196 -39 -82 246 -228
Tax % 23% 70% 28% -12% -5% 9% -15% 44% 21% -46% -111% 45%
103 -17 18 -313 -317 96 -44 -33 -154 -56 -174 194 -218
EPS in Rs 7.15 -1.10 1.31 -9.78 -9.48 2.79 -1.78 -0.76 -4.39 -1.45 -5.73 4.92 -6.01
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
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: 13%
5 Years: 10%
3 Years: 13%
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 40%
Last Year: 252%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 19 19 30 30 30 30 30 30 30 30 30 30
Reserves 469 536 719 1,082 378 510 463 416 362 237 84 -5 464
540 707 823 1,037 1,571 1,339 1,637 2,419 3,371 3,904 4,102 4,895 4,548
305 243 498 1,229 1,366 1,422 1,309 982 1,205 1,159 1,422 1,822 1,862
Total Liabilities 1,328 1,504 2,059 3,379 3,345 3,301 3,439 3,846 4,969 5,329 5,638 6,743 6,903
850 862 1,092 2,138 2,322 2,247 2,264 2,445 2,926 2,973 2,895 3,067 3,216
CWIP 6 27 20 44 51 20 55 63 47 30 28 152 28
Investments 0 0 0 86 89 4 4 4 4 0 0 131 146
472 615 947 1,111 883 1,030 1,116 1,334 1,992 2,327 2,715 3,393 3,513
Total Assets 1,328 1,504 2,059 3,379 3,345 3,301 3,439 3,846 4,969 5,329 5,638 6,743 6,903

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-20 26 213 30 291 201 120 522 328 183 254
-132 -239 -446 -98 -89 -374 -269 -154 -104 -80 -490
169 178 254 123 -187 147 159 -201 -114 -232 152
Net Cash Flow 18 -35 21 55 15 -27 10 166 111 -129 -84

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 139 122 130 85 50 46 56 59 72 32 49 49
Inventory Days
Days Payable
Cash Conversion Cycle 139 122 130 85 50 46 56 59 72 32 49 49
Working Capital Days -47 89 128 -14 -120 -57 -40 47 29 70 49 78
ROCE % 18% 8% 8% 2% 2% 8% 8% 7% 3% 6% 11% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.02% 70.02% 70.02% 69.96% 69.96% 69.96% 69.96% 69.96% 69.95% 69.95% 69.95% 69.89%
11.19% 11.20% 11.20% 11.21% 11.21% 11.21% 11.21% 11.21% 11.26% 11.22% 11.22% 11.22%
18.79% 18.78% 18.77% 18.83% 18.84% 18.83% 18.84% 18.84% 18.79% 18.83% 18.83% 18.91%
No. of Shareholders 10,60210,42710,53410,31010,53910,60810,38110,09010,75912,32611,88114,211

* 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.

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