Prime Focus Ltd

Prime Focus Ltd

₹ 101 -2.68%
18 Jun - 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 3,041 Cr.
  • Current Price 101
  • High / Low 148 / 79.2
  • Stock P/E
  • Book Value 17.2
  • Dividend Yield 0.00 %
  • ROCE -0.54 %
  • ROE -150 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 5.89 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -25.0% over last 3 years.
  • Earnings include an other income of Rs.217 Cr.
  • Working capital days have increased from 93.1 days to 152 days

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
691 662 773 852 1,099 1,028 1,075 1,106 1,435 1,210 1,026 841 873
523 552 605 654 779 858 896 917 999 1,057 1,033 815 832
Operating Profit 168 111 168 199 319 170 179 189 437 153 -7 26 42
OPM % 24% 17% 22% 23% 29% 17% 17% 17% 30% 13% -1% 3% 5%
22 39 -19 17 -126 4 50 70 96 59 12 105 81
Interest 68 78 95 99 101 101 100 88 132 156 160 117 125
Depreciation 133 98 96 100 123 101 107 102 157 125 128 132 113
Profit before tax -12 -26 -42 17 -31 -28 22 69 243 -69 -284 -118 -116
Tax % -138% 2% -11% 165% -189% -74% 51% 40% 22% -5% 10% 33% 31%
-28 -26 -47 -11 -90 -49 11 42 190 -72 -257 -79 -80
EPS in Rs -0.78 -0.75 -1.57 -0.40 -3.01 -1.51 0.40 0.55 5.48 -2.27 -7.37 -1.85 -2.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
760 1,080 1,606 1,382 2,153 2,257 2,539 2,928 2,536 3,386 4,644 3,951
584 875 1,364 1,180 1,743 1,840 2,180 2,524 1,947 2,589 3,669 3,698
Operating Profit 176 204 241 203 410 416 359 404 590 797 975 253
OPM % 23% 19% 15% 15% 19% 18% 14% 14% 23% 24% 21% 6%
-91 23 -228 -38 121 34 123 13 45 -89 219 217
Interest 42 69 73 262 172 212 237 231 251 373 421 558
Depreciation 100 133 221 203 255 277 304 381 422 417 527 498
Profit before tax -57 25 -281 -301 105 -39 -58 -196 -39 -82 246 -587
Tax % 70% 28% -12% -5% 9% -15% 44% 21% -46% -111% 45% 17%
-17 18 -313 -317 96 -44 -33 -154 -56 -174 194 -488
EPS in Rs -1.10 1.31 -9.78 -9.48 2.79 -1.78 -0.76 -4.39 -1.45 -5.73 4.92 -13.49
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 9%
3 Years: 16%
TTM: -15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -330%
Stock Price CAGR
10 Years: 9%
5 Years: 13%
3 Years: 19%
1 Year: -4%
Return on Equity
10 Years: -14%
5 Years: -20%
3 Years: -25%
Last Year: -150%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 19 19 30 30 30 30 30 30 30 30 30 30
Reserves 536 719 1,082 378 510 463 416 362 237 84 -5 486
707 823 1,037 1,571 1,339 1,637 2,419 3,371 3,904 4,102 4,895 4,859
243 498 1,229 1,366 1,422 1,309 982 1,205 1,159 1,422 1,822 1,751
Total Liabilities 1,504 2,059 3,379 3,345 3,301 3,439 3,846 4,969 5,329 5,638 6,743 7,127
862 1,092 2,138 2,322 2,247 2,264 2,445 2,926 2,973 2,895 3,067 3,220
CWIP 27 20 44 51 20 55 63 47 30 28 152 29
Investments 0 0 86 89 4 4 4 4 0 0 131 153
615 947 1,111 883 1,030 1,116 1,334 1,992 2,327 2,715 3,393 3,725
Total Assets 1,504 2,059 3,379 3,345 3,301 3,439 3,846 4,969 5,329 5,638 6,743 7,127

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-20 26 213 30 291 201 120 522 328 183 254 -33
-132 -239 -446 -98 -89 -374 -269 -154 -104 -80 -490 -317
169 178 254 123 -187 147 159 -201 -114 -232 152 335
Net Cash Flow 18 -35 21 55 15 -27 10 166 111 -129 -84 -15

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 122 130 85 50 46 56 59 72 32 49 49 37
Inventory Days
Days Payable
Cash Conversion Cycle 122 130 85 50 46 56 59 72 32 49 49 37
Working Capital Days 89 128 -14 -120 -57 -40 47 29 70 49 78 152
ROCE % 8% 8% 2% 2% 8% 8% 7% 3% 6% 11% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
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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