Prime Focus Limited (PFOCUS) AI Stock Analysis

• Market Cap: ₹168.89B
• Dividend Yield: N/A
• Average Volume (3M): 677.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: 16.00%
• EPS Growth: -12.35%
• Country: US
• Employees: 10,400
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): 0.91
• Shares Outstanding: 775,990,540
• 10 Day Avg. Volume: 190,610
• 30 Day Avg. Volume: 677,350
• PEG Ratio: 0.32
• Price to Book (P/B): 3.66
• Price to Sales (P/S): 0.77
• P/FCF Ratio: -5.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹241.00 ▼(-1.33% Downside)

Prime Focus Limited's stock score is primarily influenced by its financial challenges and poor valuation metrics. Despite strong technical indicators suggesting bullish momentum, the financial instability and lack of positive earnings impact the overall score negatively.

Positive Factors

Integrated end-to-end content services

Offering VFX, animation, editing, color/DI, mastering, localization and pipeline services creates durable cross-sell advantages. A full-service portfolio makes Prime Focus a one-stop partner for studios and platforms, supporting repeat project flow and higher client stickiness over time.

Scale and global delivery network

A large workforce and global delivery capability permit handling high-volume and complex projects, smoothing capacity constraints and enabling geographic cost optimization. Scale supports competitive bidding for large franchises and steady utilization across production cycles.

Improving EBITDA margins in 2025

Recovering EBITDA margins suggest the company can extract better pricing or operational efficiencies from its mix shift to higher-margin work. If sustained, margin improvement provides a pathway to profitability even with revenue volatility, strengthening long-term cash generation prospects.

Negative Factors

High leverage and weak equity ratio

Significant leverage raises refinancing and interest-rate risks, reducing strategic flexibility to invest in technology or capacity. In a project-driven industry with revenue swings, high debt heightens solvency pressure and narrows room to absorb cyclical downturns or delayed client payments.

Poor cash generation and negative free cash flow

Persistent negative free cash flow undermines the firm's ability to self-fund capital investments, R&D, or working capital for large projects. Reliance on external financing to cover cash deficits increases costs and vulnerability during credit tightening, harming long-term resilience.

Sustained net losses and revenue volatility

Ongoing net losses and uneven top-line performance impede capital accumulation and strategy execution. Revenue swings reduce predictability of utilization and margins, complicate talent retention in creative services, and prolong the time horizon to achieve durable profitability.

Prime Focus Limited Business Overview & Revenue Model

Company Description

Prime Focus Limited, together with its subsidiaries, engages in the motion picture, video, and television program post-production activities primarily in India, the United Kingdom, the United States, and Canada. It offers creative services, including visual effects, advertising, stereo 3D conversion, and feature and TV animation; equipment rental services; and post production services, such as digital intermediate/color grading, sound, and picture post services to the media and entertainment industry. The company also provides technology products comprising CLEAR, a multi-cloud-enabled media enterprise resource planning suite that automates the content supply chain and builds a connected enterprise; clear modules including cloud MAM, Operations Cloud, Broadcast Cloud, Production Cloud, SecureScreener, and Vision Cloud modules, as well as cloud media services for broadcasters, studios, brands, and service providers transformational solutions; cloud media services; and CLEAR solutions. In addition, it is involved in the media and other investment activities; and provision of digital asset management, content restoration, and visual special effects services, as well as operates a training institute. The company provides its services to Hollywood studios, OTT players, broadcasters, advertisers, production houses, and media companies. The company was incorporated in 1997 and is based in Mumbai, India.

How the Company Makes Money

PFOCUS generates revenue through multiple streams, primarily by offering its services on a project basis to clients in the film, television, and advertising sectors. Key revenue streams include fees for visual effects, animation, and post-production services, which are often billed as a combination of fixed-price contracts and time-and-materials arrangements. The company also benefits from strategic partnerships with major studios and production companies, allowing it to secure lucrative contracts and long-term collaborations. Additionally, PFOCUS may explore licensing its proprietary technology and tools, contributing further to its earnings. Overall, the company's ability to maintain high-quality standards and innovate within the industry supports its financial performance.

Prime Focus Limited Financial Statement Overview

Summary

Prime Focus Limited faces significant financial challenges, including declining revenues, profitability issues, high leverage, and liquidity concerns. While there are some improvements in EBITDA margins and equity growth, the overall financial health remains under pressure.

Income Statement

Prime Focus Limited has faced declining revenues over the past few years, with a significant drop from 2023 to 2025. The company has struggled with profitability, as evidenced by consistent net losses. Gross profit margins have fluctuated, indicating potential volatility in cost management. The EBIT and EBITDA margins show a mixed performance, with some improvement in EBITDA in 2025. Overall, the income statement reflects challenges in sustaining revenue growth and profitability.

Balance Sheet

The balance sheet of Prime Focus Limited shows a high debt-to-equity ratio, indicating significant leverage which could pose financial risks. Stockholders' equity has seen fluctuations, with a slight improvement in the latest year. The equity ratio is relatively low, suggesting limited equity financing. While total assets have grown, the high level of liabilities remains a concern for financial stability.

Cash Flow

Cash flows for Prime Focus Limited indicate challenges in generating positive free cash flow, with negative figures in recent years. Operating cash flow has been inconsistent, impacting the company's liquidity. The free cash flow to net income ratio is unfavorable due to persistent net losses. Overall, the cash flow statement highlights liquidity concerns and challenges in sustaining cash generation.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	37.80B	35.99B	46.28B	39.30B	33.69B	25.30B
Gross Profit	11.51B	2.81B	42.94B	35.72B	31.58B	23.91B
EBITDA	9.39B	6.32B	12.02B	4.70B	7.00B	6.40B
Net Income	-1.96B	-3.77B	1.47B	-4.05B	-1.72B	-434.00M
Balance Sheet
Total Assets	0.00	85.26B	67.84B	71.27B	56.78B	53.64B
Cash, Cash Equivalents and Short-Term Investments	3.71B	3.71B	2.84B	2.89B	2.39B	3.78B
Total Debt	0.00	48.79B	48.92B	48.59B	42.32B	39.04B
Total Liabilities	-20.43B	64.82B	66.27B	63.51B	54.86B	50.17B
Stockholders Equity	20.43B	7.59B	251.80M	5.16B	1.14B	2.67B
Cash Flow
Free Cash Flow	0.00	-5.14B	-1.06B	-3.38B	981.70M	2.17B
Operating Cash Flow	0.00	-1.49B	2.54B	-326.70M	1.83B	3.28B
Investing Cash Flow	0.00	-4.03B	-4.90B	-3.17B	-797.20M	-1.04B
Financing Cash Flow	0.00	6.24B	1.52B	3.35B	-2.32B	-1.14B

Prime Focus Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 244.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PFOCUS, the sentiment is Neutral. The current price of 244.25 is above the 20-day moving average (MA) of 230.16, above the 50-day MA of 211.21, and above the 200-day MA of 162.45, indicating a neutral trend. The MACD of 0.28 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 26.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PFOCUS.

Prime Focus Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TVSSRICHAK	66 Neutral	₹29.39B	106.46	―	0.40%	8.03%	-57.44%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
PFOCUS	55 Neutral	₹168.89B	-46.65	―	―	16.00%	-12.35%
SABTNL	51 Neutral	₹51.58B	-485.39	―	―	―	―
ZEEMEDIA	47 Neutral	₹4.61B	-5.65	―	―	3.58%	18.64%
NDTV	45 Neutral	₹9.18B	-2.38	―	―	19.53%	-138.48%

Prime Focus Limited Corporate Events

Prime Focus Auditor Converts to LLP, Continues Statutory Role

Prime Focus Limited has disclosed that its statutory auditor, M S K A & Associates, Chartered Accountants, has converted its practice into a Limited Liability Partnership under the Limited Liability Partnership Act, 2008, and will now operate as M S K A & Associates LLP, Chartered Accountants. The firm will continue to serve as Prime Focus’s statutory auditor for the remainder of its existing appointment term, indicating continuity in the company’s audit oversight and no immediate disruption to its statutory audit processes or compliance framework.

Prime Focus Limited Secures Trading Approval for Equity Shares

Prime Focus Limited has received trading approval from the BSE and NSE for 46,26,68,572 equity shares, each valued at Re. 1, issued on a preferential basis. This approval marks a significant step in the company’s capital market activities, potentially enhancing its financial flexibility and market positioning.

Prime Focus Limited Announces Key Board and Management Changes

Prime Focus Limited announced significant changes in its board and management team, including the resignation of Non-Executive Director Merzin Darayus Tavaria and Chief Financial Officer Nishant Avinash Fadia, both citing professional commitments as their reason for departure. The company has appointed Shalini Govil Pai as an Additional Non-Executive Independent Director and Vikas Rathee as the new CFO, effective November 13, 2025. These changes are part of the company’s strategic efforts to strengthen its leadership team and continue its growth trajectory.

Prime Focus Limited Announces Key Leadership Changes and Financial Results

Prime Focus Limited announced significant changes in its leadership team, including the appointment of Vikas Rathee as the new Chief Financial Officer effective November 13, 2025. The Board of Directors also approved the unaudited financial results for the second quarter and half-year ending September 30, 2025, and made several key appointments and resignations, including the addition of Ms. Shalini Govil Pai as an independent director and the resignation of Mr. Merzin Darayus Tavaria as a non-executive director. These changes reflect the company’s strategic adjustments to enhance its governance and operational efficiency.

Prime Focus Limited Announces Leadership Changes and Financial Results

Prime Focus Limited announced several key changes in its leadership and financial reporting. Nishant Avinash Fadia has resigned as Chief Financial Officer, and Vikas Rathee has been appointed as his successor. Additionally, the company reported its unaudited financial results for the second quarter and half-year ending September 30, 2025, and appointed Ms. Shalini Govil Pai as an Additional Non-Executive Independent Director. These changes are part of the company’s ongoing efforts to strengthen its management team and align with its strategic goals.

Prime Focus Limited Announces Key Board and Management Changes

Prime Focus Limited announced several key changes in its board and management, including the appointment of Nishant Avinash Fadia as an Additional Non-Executive Director and Vikas Rathee as the new Chief Financial Officer. The company also reported its unaudited financial results for the second quarter and half-year ending September 30, 2025, which were approved by the Board of Directors. These changes reflect the company’s strategic efforts to strengthen its leadership team and enhance its financial oversight, potentially impacting its operational efficiency and market positioning.

Prime Focus Limited Announces Key Board and Executive Changes

Prime Focus Limited announced several key changes in its board and executive team, effective November 12, 2025. Ms. Shalini Govil Pai has been appointed as an Additional Non-Executive Independent Director, while Mr. Merzin Darayus Tavaria and Mr. Nishant Avinash Fadia have resigned from their positions due to other professional commitments. Mr. Vikas Rathee has been appointed as the new Chief Financial Officer, and Mr. Nishant Avinash Fadia will assume a new role as an Additional Non-Executive Director. These changes are part of the company’s strategic efforts to strengthen its leadership and align with regulatory requirements, potentially impacting its operational efficiency and stakeholder relations.

Prime Focus Limited Strengthens Leadership with Key Appointments

Prime Focus Limited has announced key leadership changes to support its growth in the evolving entertainment industry. The company has appointed Ms. Shalini Govil-Pai as an Independent Director, Mr. Nishant Fadia as a Non-Executive Director, and Mr. Vikas Rathee as the new Chief Financial Officer. These appointments are aimed at strengthening the company’s leadership position and enhancing its technological and creative capabilities.