Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹366 Cr.
Stock P/E
72.2
P/B
2.5
Current Price
₹54.3
Book Value
₹ 22.1
Face Value
2
52W High
₹98.9
52W Low
₹ 53.7
Dividend Yield
0%

Focus Lighting & Fix Overview

Business

Focus Lighting & Fixtures Ltd. is an Indian company engaged in the design, manufacturing, and supply of an extensive range of LED lighting solutions. The company primarily caters to architectural, retail, commercial, hospitality, and high-end residential segments. They specialize in high-quality, aesthetically driven, and functionally superior lighting products, including downlights, spotlights, track lights, linear lights, outdoor lighting, and custom solutions. Their core business model revolves around offering lighting design expertise, customized product development, and project-based sales to architects, interior designers, consultants, and direct clients. They make money by selling their manufactured lighting fixtures and solutions.

Revenue Mix

While specific revenue contribution breakdowns by segment are not consistently detailed in public reports, Focus Lighting's business can be broadly understood through its client focus:

Architectural & Commercial Projects: This likely forms the bulk of their revenue, involving bespoke lighting solutions for large-scale commercial buildings, offices, retail spaces, museums, and public infrastructure.

Hospitality: Providing specialized lighting for hotels, resorts, and restaurants, often emphasizing ambiance and design.

High-end Residential: Catering to premium homes with sophisticated and integrated lighting systems.

Their product portfolio is diverse, spanning various fixture types, but their strength lies in integrated solutions rather than just standalone product sales.

Industry

The Indian lighting industry is undergoing a significant transition from traditional lighting to energy-efficient LED solutions, driven by government initiatives, growing environmental awareness, and decreasing LED prices. The market is competitive, comprising large organized players (e.g., Havells, Bajaj Electricals, Wipro Lighting, Philips India), smaller domestic manufacturers, and unorganized players.

Focus Lighting positions itself in the premium, design-centric, and project-based segment of the market. They differentiate themselves through product quality, design innovation, customization capabilities, and strong relationships with architects, interior designers, and lighting consultants. They are generally not in the mass-market consumer lighting space, which is dominated by larger players.

MOAT

Focus Lighting's competitive advantages primarily stem from:

Design & Customization Capability: Their ability to offer highly aesthetic and customized lighting solutions tailored to specific project requirements helps them secure high-value projects and build strong client relationships with architects and designers.

Product Quality & Reliability: A focus on premium quality and performance in their niche builds trust and repeat business, especially crucial in project-based environments where reliability is paramount.

Niche Expertise & Relationships: Deep expertise in architectural and design-driven lighting, coupled with established relationships within the professional design community, acts as a barrier to entry for generalist lighting companies.

Growth Drivers

Key factors that can drive Focus Lighting's growth over the next 3-5 years include:

Growth in Real Estate & Infrastructure: Continued urbanization, expansion of commercial spaces (offices, retail, malls), hospitality sector growth, and high-end residential development in India.

Increased Adoption of LED & Smart Lighting: Ongoing shift towards energy-efficient LED technology and the emerging trend of smart lighting systems offers a continuous upgrade cycle.

"Make in India" Initiatives: Government impetus on domestic manufacturing can support local players.

Rising Disposable Income & Aesthetic Focus: Increasing affluence leads to higher spending on sophisticated interior designs and premium lighting solutions in both commercial and residential spaces.

Export Opportunities: Potential expansion into international markets, leveraging their design and quality strengths.

Risks

Economic Slowdown: A downturn in the real estate, construction, and commercial development sectors can directly impact project pipelines and revenue.

Intense Competition: The lighting market is highly competitive, with both established large players entering niche segments and smaller specialized firms. Price wars or aggressive market entry by competitors could impact margins.

Raw Material Price Volatility: Fluctuations in prices of key components (e.g., LED chips, aluminum, copper, plastic) can affect manufacturing costs and profitability, especially if not fully passed on to customers.

Technological Obsolescence: Rapid advancements in LED technology and smart lighting systems require continuous R&D investment to stay relevant, posing a risk if the company cannot adapt quickly.

Project Dependency: Reliance on large, lumpy projects can lead to revenue variability and impact cash flow if projects are delayed or cancelled.

Management & Ownership

Focus Lighting & Fixtures Ltd. is promoted by Dayal Singh and Shivani Singh, who are key figures in the company's management. Dayal Singh serves as the Managing Director. The promoters hold a significant stake in the company, demonstrating their commitment and direct interest in the company's long-term performance. Their background and experience are rooted in the lighting industry, contributing to the company's design and operational expertise.

Outlook

Focus Lighting & Fixtures is positioned in a growing segment of the Indian lighting market, benefiting from the broader shift towards LEDs and increasing demand for sophisticated, design-led lighting solutions. The company's focus on quality, customization, and strong relationships with architects provides a foundation for continued growth. However, its performance remains sensitive to the health of the real estate and construction sectors, and it faces ongoing competitive pressures from both large diversified players and other niche specialists. Success hinges on continued innovation, maintaining design leadership, and effectively managing cost pressures while expanding its market reach.

Focus Lighting & Fix Share Price

Live · NSE · Inception: 2005
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Focus Lighting & Fix Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 60 55 45 42 42 41 49 38 60 49
Other Income 1 0 1 2 0 1 1 1 1 1
Total Income 60 55 46 43 42 42 49 39 61 50
Total Expenditure 46 43 37 39 38 37 44 36 54 43
Operating Profit 14 12 9 4 4 5 5 2 7 7
Interest 0 0 0 0 0 0 0 0 1 1
Depreciation 2 1 2 2 3 2 2 3 3 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 -0 0 0
Profit Before Tax 12 11 7 2 1 3 2 -1 4 4
Provision for Tax 1 1 2 2 -0 0 1 0 1 1
Profit After Tax 10 9 5 -0 1 2 2 -1 3 3
Adjustments 0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments 11 9 5 0 1 2 2 -1 3 3
Adjusted Earnings Per Share 1.6 1.4 0.7 0 0.2 0.3 0.3 -0.2 0.4 0.4

Focus Lighting & Fix Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 79 92 121 99 60 105 169 224 183 188 196
Other Income 1 0 1 1 1 1 1 8 3 3 4
Total Income 80 93 122 100 61 107 170 231 186 191 199
Total Expenditure 73 82 105 92 59 96 135 179 157 172 177
Operating Profit 7 11 16 9 1 10 35 53 29 19 21
Interest 1 0 1 1 1 1 1 1 1 1 2
Depreciation 0 1 2 4 3 3 5 7 8 10 11
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -0 0
Profit Before Tax 6 10 13 4 -2 6 29 45 20 8 9
Provision for Tax 2 4 4 2 -0 1 7 6 5 3 3
Profit After Tax 4 6 10 2 -2 5 23 39 15 5 7
Adjustments 0 0 0 0 0 -0 1 0 0 0 0
Profit After Adjustments 4 6 10 2 -2 4 24 39 15 5 7
Adjusted Earnings Per Share 1.1 1.2 1.9 0.5 -0.4 0.8 3.6 5.9 2.3 0.8 0.9

Focus Lighting & Fix Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 12 22 32 33 31 35 90 129 140 146
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 1 0 0 11 11 9
Other Non-Current Liabilities -0 0 0 -0 -1 3 4 3 3 1
Total Current Liabilities 14 18 20 27 25 39 31 46 46 55
Total Liabilities 26 40 51 60 56 78 125 189 200 212
Fixed Assets 2 3 13 13 11 15 21 21 38 38
Other Non-Current Assets 0 4 1 1 1 3 15 27 27 37
Total Current Assets 24 31 37 47 44 61 90 140 134 136
Total Assets 26 40 51 60 56 78 125 189 200 212

Focus Lighting & Fix Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 2 3 1 1 1 1 7 3 6
Cash Flow from Operating Activities 0 2 6 3 2 6 -14 6 32 26
Cash Flow from Investing Activities 0 -6 -9 -3 -1 -3 -10 -20 -25 -20
Cash Flow from Financing Activities 0 5 0 0 -0 -3 31 9 -4 -2
Net Cash Inflow / Outflow 0 2 -2 -0 1 -1 7 -5 3 4
Closing Cash & Cash Equivalent 0 3 1 1 2 1 7 3 6 10

Focus Lighting & Fix Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.08 1.18 1.92 0.45 -0.37 0.81 3.62 5.95 2.28 0.77
CEPS(Rs) 1.18 1.33 2.39 1.15 0.24 1.56 4.18 6.9 3.48 2.22
DPS(Rs) 0 0 0.2 0 0 0.1 0.3 0.5 0 0
Book NAV/Share(Rs) 3.16 3.99 6.22 6.6 6.2 6.95 13.78 19.42 20.88 21.73
Core EBITDA Margin(%) 7.55 11.43 12.92 7.78 0.95 8.52 19.85 20.15 14.28 8.48
EBIT Margin(%) 8.39 11.02 11.59 5.1 -2.81 6.43 17.95 20.51 11.43 4.75
Pre Tax Margin(%) 7.66 10.68 11.1 4.37 -3.71 5.64 17.34 19.97 10.89 4.04
PAT Margin (%) 5.11 6.46 8.06 2.31 -3.14 4.32 13.46 17.3 8.27 2.7
Cash Profit Margin (%) 5.57 7.31 10 5.85 1.99 7.51 16.18 20.33 12.67 7.94
ROA(%) 15.56 17.99 21.27 4.11 -3.23 6.77 22.28 24.64 7.8 2.46
ROE(%) 34.22 37.34 37.74 7.07 -5.82 13.67 36.25 35.52 11.34 3.55
ROCE(%) 54.11 59.43 49.82 14.1 -4.58 18.35 46.3 39.17 14.03 5.52
Receivable days 63.4 61.78 54.86 81.32 130.16 72.8 60.97 95.66 154.45 123.55
Inventory Days 27.43 26.78 30.97 52.55 103.19 72.48 67.27 66.91 90.72 97.4
Payable days 69.62 62.36 54.68 81.61 149.04 112.08 85.38 72.41 100.88 91.4
PER(x) 0 8.78 5.91 9.05 0 21.53 28.27 24.19 34.12 75.77
Price/Book(x) 0 2.59 1.83 0.62 0.77 2.5 7.42 7.41 3.72 2.68
Dividend Yield(%) 0 0 0.59 0 0 0.57 0.29 0.35 0 0
EV/Net Sales(x) 0.02 0.55 0.49 0.24 0.46 0.86 3.93 4.28 2.89 2.14
EV/Core EBITDA(x) 0.19 4.65 3.65 2.83 19.68 8.9 19.02 18.2 18.26 21.23
Net Sales Growth(%) 0 17.24 31.22 -17.93 -39.63 75.77 59.96 32.76 -18.09 2.43
EBIT Growth(%) 0 54 38.01 -63.86 -133.24 502.12 346.61 51.73 -54.34 -57.43
PAT Growth(%) 0 48.44 63.65 -76.47 -182.14 341.67 398.01 70.63 -60.84 -66.56
EPS Growth(%) 0 8.9 63.65 -76.47 -182.14 317.39 347.28 64.36 -61.67 -66.32
Debt/Equity(x) 0.04 0.09 0.09 0.13 0.15 0.07 0.03 0.1 0.12 0.13
Current Ratio(x) 1.66 1.71 1.88 1.71 1.76 1.55 2.86 3.06 2.89 2.47
Quick Ratio(x) 1.24 1.3 1.22 1.14 1.04 0.94 1.64 2.11 1.87 1.51
Interest Cover(x) 11.55 32.79 23.7 6.98 -3.14 8.16 29.28 37.81 20.98 6.63
Total Debt/Mcap(x) 0 0.03 0.05 0.2 0.19 0.03 0 0.01 0.03 0.05

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +3% +4% +26% —
Operating Profit CAGR -34% -18% +80% —
PAT CAGR -67% -40% — —
Share Price CAGR -40% -32% +34% —
ROE Average +4% +17% +20% +21%
ROCE Average +6% +20% +25% +30%

Focus Lighting & Fix Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 55.42 %
FII 0.03 %
DII (MF + Insurance) 0 %
Public (retail) 44.55 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 56.0956.0955.2855.2855.2855.2855.2855.3155.4255.42
FII 0.010.490.850.190.370.100.0100.03
DII 0000000000
Public 43.943.4243.8744.5344.3544.6244.7244.6844.5744.55
Others 0000000000
Total 100100100100100100100100100100

Focus Lighting & Fix Peer Comparison

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Focus Lighting & Fix Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Focus Lighting & Fix Pros & Cons

Pros

  • Debtor days have improved from 100.88 to 91.4days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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