Sunshine Pictures Ltd
Incorporated in 2007, Sunshine Pictures
Limited is a production company engaged
in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web
series.[1]
- Market Cap ₹ 1,401 Cr.
- Current Price ₹ 450
- High / Low ₹ 525 / 326
- Stock P/E 34.2
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 41.0 %
- ROE 31.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 77.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 48.8%
Cons
- Company has high debtors of 326 days.
- Working capital days have increased from 251 days to 584 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 5 | 87 | 27 | 134 | 103 | 74 | |
| 6 | 72 | 22 | 66 | 54 | 17 | |
| Operating Profit | -1 | 15 | 4 | 67 | 49 | 57 |
| OPM % | -32% | 18% | 15% | 50% | 47% | 77% |
| 1 | 0 | 0 | 6 | 2 | 2 | |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 2 | 3 | 3 |
| Profit before tax | -1 | 15 | 3 | 70 | 47 | 54 |
| Tax % | 138% | 27% | 26% | 25% | 25% | 26% |
| -2 | 11 | 2 | 52 | 35 | 40 | |
| EPS in Rs | -169.27 | 790.18 | 164.30 | 4,260.76 | 13.31 | 15.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 74% |
| 3 Years: | 41% |
| TTM: | -28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 78% |
| 3 Years: | 165% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 49% |
| Last Year: | 32% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.14 | 0.14 | 0.14 | 0.12 | 26 | 26 |
| Reserves | 14 | 25 | 27 | 70 | 78 | 119 |
| 0 | 0 | 6 | 17 | 11 | 9 | |
| 56 | 2 | 5 | 10 | 15 | 25 | |
| Total Liabilities | 70 | 27 | 39 | 96 | 131 | 180 |
| 0 | 10 | 10 | 12 | 13 | 11 | |
| CWIP | 0 | 2 | 6 | 13 | 0 | 0 |
| Investments | 6 | 2 | 2 | 20 | 26 | 0 |
| 64 | 13 | 21 | 51 | 92 | 169 | |
| Total Assets | 70 | 27 | 39 | 96 | 131 | 180 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 27 | -5 | -5 | 32 | 41 | -33 | |
| -6 | -8 | -4 | -30 | -24 | 26 | |
| -6 | -0 | 6 | -1 | -7 | -4 | |
| Net Cash Flow | 15 | -13 | -3 | 1 | 10 | -11 |
| Free Cash Flow | 26 | -17 | -10 | 20 | 23 | -34 |
| CFO/OP | -1,895% | -7% | -109% | 72% | 102% | -43% |
Ratios
Standalone / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 143 | 3 | 0 | 22 | 100 | 326 |
| Inventory Days | 52 | 317 | 143 | 172 | ||
| Days Payable | 17 | 84 | 43 | 35 | ||
| Cash Conversion Cycle | 143 | 38 | 233 | 122 | 238 | 326 |
| Working Capital Days | -819 | 27 | 107 | 35 | 133 | 584 |
| ROCE % | 77% | 10% | 118% | 48% | 41% |
Documents
Announcements
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication of the Un-Audited Financial Results for the quarter ended June 30, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Sunshine Pictures announces growth phase, expanding content pipeline and multi-platform monetisation strategy; Q1 FY27 revenue remained limited.
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 15Th September, 2026
- Board approved Q1 FY27 unaudited results; first post-IPO quarterly results after 25 Aug 2026 listing.
-
Board Meeting Intimation for Intimation Of Board Meeting To Be Held On Tuesday September 15, 2026
- Board meeting on September 15, 2026 to approve Q1 FY27 unaudited standalone results.
Business Overview:[1]
Sunshine Pictures Limited is an
entertainment content production
house engaged in the originating,
developing, producing, marketing,
and distributing films, television
serials, and web series. The co.
has also expanded into music
and digital content through its
Sunshine Music and Sunshine
Digital verticals.