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Swing Capital

Focus Lighting & Fixtures Ltd

NSE: FOCUS

Incorporated in 2005, Focus Lighting & Fixtures Limited is engaged in manufacturing and trading of innovative LED lights and fixtures. [1]

₹82.4
52W: ₹57.1 — ₹126
PE 147 · Book ₹17.7 · +366% vs book
Market Cap₹556 Cr
Stock P/E147Price to Earnings
ROCE15.8%Return on Capital
ROE13.2%Return on Equity
Div. Yield0%Face Value ₹2

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 11.3% over past five years.

Shareholding Pattern

Promoters55.42%
FIIs0%
DIIs0%
Public44.26%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters56.09%55.28%▼0.855.28%55.28%55.28%55.28%55.31%▲0.055.42%▲0.1
FIIs0.49%0.85%▲0.40.19%▼0.70.37%▲0.20.1%▼0.30%▼0.10.01%▲0.00%▼0.0
DIIs0%0%0%0%0%0%0%0%
Public42.92%42.35%▼0.643.72%▲1.443.54%▼0.244.05%▲0.544.54%▲0.544.36%▼0.244.26%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales44.7430.4636.0830.9743.9538.6940.3440.845.0836.3
Expenses3728.7832.526.5136.3836.1535.8336.7340.6834.23
Operating Profit7.741.683.584.467.572.544.514.074.42.07
OPM %17.3%5.52%9.92%14.4%17.22%6.57%11.18%9.98%9.76%5.7%
Net Profit5.570.440.582.454.485.931.511.551.61-0.62
EPS ₹0.850.070.090.370.670.880.220.230.24-0.09

AI Insights

Revenue Trend

TTM revenue at ₹163Cr, up 5.8% YoY. OPM at 9%.

Debt Position

Borrowings at ₹12Cr. Debt-to-equity ratio: 0.11x. Healthy balance sheet.

Capex Cycle

CWIP at ₹28Cr (78% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 55.42%.

Margin & Efficiency

ROCE declining from 23% (Mar 2014) to 16% (Mar 2025). Working capital days: 139.

Valuation

PE 147x with 15.8% ROCE. Price is 366% above book value of ₹17.7. Dividend yield: 0%.

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