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Prime Focus

PFOCUS NSE
₹305.55 No trade today
P/E
205.07
View as Markdown
MCP
Close 4 Nov 2026 ₹305.55 +128.64 +72.7% 1Y
Start ₹176.91

Key Fundamentals

SmallcapEntertainmentMedia Entertainment & Publication

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
11.30%
Debt to Equity
2.74
EPS (TTM)
₹1.49
Book Value
₹26.82
Market Cap
—
P/E (TTM)
205.07
P/B
11.39
ROE
15.70%
Dividend Yield
0.00%
EBITDA
₹1,531 Cr
52W High
₹367.00
52W Low
₹161.01
Volume
0

Peer Comparison

Consumer Discretionary › Media › Media & Entertainment

Prime Focus peer comparison
Prime Focus (this company)
₹305.55205.07₹22,818 Cr11.390.00%15.70%11.30%₹4,919 Cr₹145 Cr
Saregama India
₹636.8055.33₹11,005 Cr7.760.80%12.70%17.30%₹1,041 Cr₹221 Cr
Tips Music
₹786.5546.85₹9,988 Cr30.850.83%87.60%118.00%₹394 Cr₹215 Cr
Network18 Media & Investments
₹26.41—₹4,039 Cr0.820.00%0.75%3.01%₹2,169 Cr−₹32 Cr
Balaji Telefilms
₹87.23—₹1,071 Cr1.700.23%−8.29%−10.10%₹378 Cr−₹22 Cr
Basilic Fly Studio
₹171.609.61₹435 Cr1.300.00%19.10%21.50%₹417 Cr₹45 Cr
Entertainment Network
₹82.82—₹398 Cr0.522.36%−0.98%−1.77%₹562 Cr−₹8 Cr
Median 7 companies₹171.6051.09₹4,039 Cr1.700.23%12.70%11.30%₹562 Cr₹45 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
61
Good
Returns, margins, earnings quality 22% weight
Valuation
29
Poor
Cheap vs sector & own history 24% weight
Growth
84
Strong
Sales & profit trajectory 9% weight
Financial Health
17
Poor
Solvency, leverage, coverage 9% weight
Momentum
50
Average
Trend strength, vol-adjusted 12% weight
Ownership
43
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

4
  • Stock is trading at 10.4 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -14.5% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.40%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2512
OscillatorsNeutral252
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
56.75
Neutral
MACD (12,26,9)
−1.59
Bullish
SMA (50)
300.27
Bullish
SMA (200)
277.78
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5Y+13.02%
3Y+0.23%
1Y+29.92%
TTM+29.18%

Net profit

Net profit growth by window
10YIrregular period
5YTurned to profit
3Y+15.77%
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5Y+25.57%
3Y+59.16%
1Y+242.47%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5Y+7.19 pp
3Y+9.46 pp
1Y+8.58 pp
TTM+4.99 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,153 Cr
Mar 2018₹2,257 Cr
Mar 2019₹2,539 Cr
Mar 2020₹2,928 Cr
Mar 2021₹2,536 Cr
Mar 2022₹3,386 Cr
Mar 2023₹4,644 Cr
Mar 2024₹3,951 Cr
Mar 2025₹3,599 Cr
Mar 2026₹4,676 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹96.00 Cr
Mar 2018−₹44.00 Cr
Mar 2019−₹33.00 Cr
Mar 2020−₹154 Cr
Mar 2021−₹56.00 Cr
Mar 2022−₹174 Cr
Mar 2023₹194 Cr
Mar 2024−₹488 Cr
Mar 2025−₹458 Cr
Mar 2026₹301 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹1,755 Cr +14.6% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk high

Prime Focus Ltd trades at ₹305.55 as of 2026-11-04 with a market cap of ₹22,818 Cr, commanding a trailing P/E of 205.07x and a P/B of 11.39x. The company has delivered strong 5-year compounded profit growth of 53% and a 1-year stock CAGR of 69%, but carries a debt-to-equity ratio of 2.74 and a negative 3-year average ROE of -14%, presenting a sharply divided fundamental picture.

Bull Case 8
  • Compounded profit growth over 5 years stands at 53%, indicating a strong earnings recovery trajectory over the medium term.
  • TTM sales growth of 29% signals accelerating top-line momentum, well above the 3-year compounded sales growth of 0%.
  • ROCE of 24.91% suggests the company is generating healthy returns on total capital employed, despite elevated leverage.
  • Stock has delivered a 1-year CAGR of 69%, significantly outperforming broader indices, reflecting strong market re-rating.
  • Last-year ROE improved sharply to 16%, a meaningful turnaround from the 3-year average of -14% and the 5-year average of -3%.
  • TTM profit growth of 19% shows continued earnings expansion on a trailing basis.
  • 10-year compounded sales growth of 13% and profit growth of 12% demonstrate long-term business scalability in the media services space.
  • The company is expected to deliver a good upcoming quarter, suggesting near-term operational momentum.
Bear Case 7
  • Trailing P/E of 205.07x is extremely elevated, implying the stock prices in substantial future growth that may not materialise.
  • Debt-to-equity ratio of 2.74 reflects a highly leveraged balance sheet, increasing financial risk in a rising-rate or slowdown environment.
  • Three-year average ROE of -14% indicates the company destroyed shareholder value over an extended recent period.
  • Promoter holding has declined by 9.40% over the last three years, which may signal reduced promoter confidence or dilution.
  • Zero dividend yield means shareholders depend entirely on capital appreciation for returns, with no income cushion.
  • Low interest coverage ratio indicates that debt-servicing costs consume a large share of operating earnings, constraining financial flexibility.
  • Three-year compounded sales growth of 0% shows the top line stagnated over a meaningful period before the recent TTM uptick.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Prime Focus faces a significant near-term overhang from Income Tax searches targeting foreign remittances, which are central to its 94%-overseas revenue model. On the positive side, strong cash generation (INR 10,241 crores OCF in FY26), a clean resolution of prior SEBI and insolvency matters, and fresh PE investment into its AI subsidiaries provide fundamental support. The stock had been up 17% YTD before the 8.1% drop on Oct 7. The key forward risk is the scope of tax findings — a routine outcome is easily absorbable, but systemic issues could materially compress margins and divert capital from growth initiatives.

Headwinds 4
  • IT raids hit stock 8% Oct 07

    Income Tax Department searched Prime Focus's Mumbai offices over foreign remittances, sending shares down 8.1% and wiping out all of Tuesday's gains. Searches also extended to premises of individuals linked to the company.

  • 94% overseas revenue at risk Oct 07

    With 94% of revenue from outside India (Canada 39%, Australia 26%, UK 25%), scrutiny of cross-border remittances targets the core operating model. Enhanced documentation and longer approval timelines could create operational friction.

  • Potential tax liabilities loom Oct 07

    Depending on findings, tax demands could range from INR 10-18 crores (routine gaps) to INR 450-880 crores (systemic issues), compressing margins by 0.2% to 18.8% respectively.

Positives 4
  • Multiples PE invests in AI units Oct 15

    Board approved investment by Multiples Private Equity into Brahma AI subsidiaries, with an EGM convened for Nov 7 to ratify related party transactions. This validates the company's AI strategy with institutional backing.

  • Prior regulatory issues resolved clean Oct 07

    SEBI closed adjudication proceedings in June 2026 finding no accounting irregularities, and NCLAT set aside the NCLT insolvency order in July 2026, demonstrating legal resilience.

  • Strong cash flow buffer Oct 07

    Prime Focus generated INR 10,241 crores in operating cash flow in FY26 and has USD 500 million foreign debt facilities refinanced to June 2029, providing substantial runway to absorb potential liabilities.

Neutral 2
  • Compliance cost investment expected Oct 07

    Prime Focus will likely invest INR 50-80 crores short-term and INR 60-90 crores medium-term on compliance technology, personnel, and system transformation following the new remittance framework effective April 1, 2026.

  • Operations unimpacted per company Oct 07

    Prime Focus confirmed it is cooperating with authorities and stated operations remain unimpacted, with 94% of production happening overseas in Canada, Australia, and the UK.

Quarterly Results

₹ Cr
PFOCUS quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,210
1,026
841
873
813
897
909
979
1,023
1,061
1,207
1,384
1,267
Expenses
1,057
1,033
815
832
739
686
641
747
779
765
813
896
966
Operating Profit
153
−7
26
42
75
211
268
232
244
296
394
488
301
OPM %
13%
−0.7%
3.1%
4.8%
9%
24%
29%
24%
24%
28%
33%
35%
24%
Other Income
59
12
105
81
30
131
−84
−231
167
−31
−12
−41
−28
Interest
156
160
117
125
127
128
150
133
114
120
133
148
126
Depreciation
125
128
132
113
112
139
128
126
133
139
167
218
179
PBT
−69
−284
−118
−116
−135
75
−94
−257
164
6
83
82
−33
Tax %
5%
−10%
−33%
−31%
17%
33%
6%
−2%
33%
30%
16%
−44%
40%
Net Profit
−72
−257
−79
−80
−158
50
−99
−252
110
4
69
118
−46
EPS (₹)
−2.27
−7.37
−1.85
−2.01
−3.98
1.11
−2.01
−7.7
2
0.05
0.91
1.06
−0.53

Profit & Loss

₹ Cr
PFOCUS profit and loss, annual, ₹ crore
Particulars Jun 2015Mar 2016 9mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,606
1,382
2,153
2,257
2,539
2,928
2,536
3,386
4,644
3,951
3,599
4,676
4,919
Expenses
1,364
1,180
1,743
1,840
2,180
2,524
1,947
2,589
3,670
3,697
2,812
3,252
3,439
Operating Profit
241
203
410
416
359
404
590
797
975
253
787
1,424
1,480
OPM %
15%
15%
19%
18%
14%
14%
23%
24%
21%
6%
22%
30%
30%
Other Income
−228
−38
121
34
123
13
45
−89
219
216
−154
82
−112
Interest
73
262
172
212
237
231
251
373
421
558
538
515
527
Depreciation
221
203
255
277
304
381
422
417
527
498
505
658
703
PBT
−281
−301
105
−39
−58
−196
−39
−82
246
−587
−411
334
137
Tax %
12%
5%
9%
15%
−44%
−21%
46%
111%
45%
−17%
12%
10%
—
Net Profit
−313
−317
96
−44
−33
−154
−56
−174
194
−488
−458
301
145
EPS (₹)
−9.78
−9.48
2.79
−1.78
−0.76
−4.39
−1.45
−5.73
4.92
−13.49
−12.57
2.82
1.49
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
PFOCUS balance sheet, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
30
30
30
30
30
30
30
30
30
30
30
78
Reserves
1,082
378
510
546
498
362
237
84
−5
486
729
2,011
Borrowings
1,037
1,571
1,339
1,637
2,419
3,371
3,904
4,102
4,892
4,859
4,879
5,717
Other Liabilities
1,229
1,366
1,422
1,226
899
1,205
1,159
1,422
1,826
1,744
2,838
2,818
Total Liabilities
3,379
3,345
3,301
3,439
3,846
4,969
5,329
5,638
6,743
7,120
8,476
10,623
Fixed Assets
2,138
2,322
2,247
2,264
2,445
2,926
2,973
2,895
3,067
2,990
3,984
4,377
CWIP
44
51
20
55
63
47
30
28
152
260
194
164
Investments
86
89
4
4
4
4
0
0
131
153
158
236
Other Assets
1,111
883
1,030
1,116
1,334
1,992
2,327
2,715
3,393
3,718
4,140
5,846
Total Assets
3,379
3,345
3,301
3,439
3,846
4,969
5,329
5,638
6,743
7,120
8,476
10,623

Cash Flow

₹ Cr
PFOCUS cash flow, annual, ₹ crore
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
213
30
291
201
120
522
328
183
254
−32
299
1,024
Investing
−446
−98
−89
−374
−269
−154
−104
−80
−490
−317
−356
−593
Financing
254
123
−187
147
159
−201
−114
−232
152
335
133
43
Net Cash Flow
21
55
15
−27
10
166
111
−129
−84
−15
76
474
Free Cash Flow
−90
−57
67
−102
−118
371
231
99
−103
−337
−64
495
CFO/EBITDA
100
22
73
52
48
144
61
22
33
3
40
73

Ratios

PFOCUS financial ratios, annual
Particulars Jun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
85
50
46
56
59
72
32
49
49
37
42
36
Cash Conversion Cycle
85
50
46
56
59
72
32
49
49
37
42
36
Working Capital Days
−69
−314
−83
−97
−78
−141
−268
−195
31
45
−207
−242
ROCE %
2%
2%
8%
8%
7%
3%
6%
11%
16%
−2%
8%
11%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Prime Focus insights

62 extracted metrics across FY09–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 60.55%
  • Others 29.83%
  • Public 5.58%
  • FIIs 2.97%
  • DIIs 1.07%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Sep 2026
    PPT
  • Q4 FY26 concall · May 2026
    PPT
  • Q3 FY26 concall · Jan 2026
    PPT
  • Concall · Jul 2021
    PPT
  • Concall · Nov 2020
    PPT

Frequently Asked Questions about Prime Focus

What does Prime Focus Ltd do?
PFL was founded by Mr. Namit Naresh Malhotra in 1997. It started from Mumbai to being an integrated media and entertainment services powerhouse. It is present in 18 cities (8 in India and 10 internationally) across 5 continents.
Where is Prime Focus Ltd (PFOCUS) listed?
Prime Focus Ltd trades as PFOCUS on the NSE and under code 532748 on the BSE.
Which sector does Prime Focus Ltd belong to?
Prime Focus Ltd is classified under the Media sector, in the Media & Entertainment industry.
What is the PE ratio of Prime Focus Ltd?
Prime Focus Ltd trades at a PE ratio of 205.07 as of 4 Nov 2026, on earnings per share of ₹1.49, against a book value of ₹26.82 per share.
What is the 52-week high and low of Prime Focus Ltd?
Over the last 52 weeks Prime Focus Ltd has traded between ₹161.01 and ₹367 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Prime Focus Ltd?
Prime Focus Ltd reported a return on equity of 15.70%. Its debt-to-equity ratio is 2.74.

Company Information

PFL was founded by Mr. Namit Naresh Malhotra in 1997. It started from Mumbai to being an integrated media and entertainment services powerhouse. It is present in 18 cities (8 in India and 10 internationally) across 5 continents. 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.

Website primefocus.com
CEO Mr. Naresh Mahendranath Malhotra
Employees 9,200
Listed 20 Jun 2006
Face Value ₹1

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