Manufactures and sells lighting and fixtures, with a single 'Manufacturing' segment that accounted for 100% of segment revenue in the six-month period to 30 September 2025. Full-year FY26 revenue from operations was Rs 187.78 crore, EBITDA margin was 9.99%, and net profit was Rs 5.07 crore on total assets of Rs 214.25 crore. The group operates three wholly-owned subsidiaries, including entities in the UAE and Singapore, giving it an overseas footprint. Materials are the largest cost input at 40.1% of revenue, followed by employee costs at 18.0% and other operating expenses at 18.3%. Capex ran at 10.4% of revenue in FY26, the second-largest cost line after materials. The company is classified in the consumer durables sector under consumer electronics. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing (100%). Single-segment consumer-durables manufacturer with overseas subsidiaries
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 105 | 169 | 224 | 183 | 188 |
| EBITDA (ex other income) | 9 | 33 | 46 | 26 | 16 |
| margin % | 8.5 | 19.9 | 20.8 | 14.3 | 8.4 |
| Owners' profit | 0 | 0 | 39 | 15 | 0 |
| EPS, as reported (₹) | 4.04 | 18.09 | 5.99 | 2.28 | 0.77 |
| ROE % · ROCE % | — · — | 25.2 · 31.4 | 30.1 · 31.8 | 10.8 · 13.5 | 3.5 · 5.6 |
| Debt / equity (x) | — | 0.03 | 0.10 | 0.12 | 0.13 |
| Cash from operations | 4 | (15) | 6 | 32 | 26 |
| Capex | (4) | (9) | 0 | (28) | (19) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 42 | 42 | 41 | 49 | 38 | 60 | 49 |
| Profit before tax | 7 | 2 | 1 | 3 | 2 | (1) | 4 | 4 |
| Net profit | 5 | (0) | 1 | 2 | 2 | (1) | 3 | 3 |
| EPS (₹) | 0.74 | 0.00 | 0.17 | 0.33 | 0.26 | (0.22) | 0.40 | 0.42 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DIXON TECHNO (INDIA) LTD | 82,027 | 39.0 | 15.23 | 31.7 | 30.5 | 31.7 | 49.9 | 6.4 |
| HAVELLS INDIA LIMITED | 69,726 | 42.7 | 7.36 | 26.0 | 17.8 | 21.5 | 16.6 | 8.0 |
| PG ELECTROPLAST LTD | 15,564 | 75.6 | 5.11 | 36.5 | 6.4 | 7.5 | 49.7 | 7.7 |
| IKIO TECHNOLOGIES LIMITED | 1,718 | 35.1 | 2.82 | 18.9 | 6.8 | 8.3 | — | 15.5 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Focus Lighting bags Rs 10-17 cr order from L&T Construction for street lighting poles | compliance | low | — | — |
| 9 Sept 2026 · Focus Lighting bags order worth Rs 10-17 crores from L&T Construction | business updates | medium | — | — |
| 22 Aug 2026 · Newspaper publication of 21st AGM notice and e-voting details | compliance | minimal | — | — |
| 21 Aug 2026 · Focus Lighting sends physical AGM letters to shareholders without registered emails | compliance | minimal | — | — |
| 21 Aug 2026 · Record date set for 21st AGM on September 16, 2026 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Focus Lighting files 21st AGM notice and FY26 annual report | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Focus Lighting completes Kankaria Lake lighting project for AMC | business updates | medium | — | — |
| 12 Aug 2026 · Focus Lighting Q1 FY27 results: net profit up 33% YoY consolidated | compliance | minimal | — | — |
| 11 Aug 2026 · Focus Lighting acquires 51% stake in LightAlive Solutions for Rs 5.20 crore | strategic transactions | high | — | — |
| 11 Aug 2026 · Focus Lighting to acquire 51 percent stake in LightAlive Solutions for Rs 5.20 cr | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| CWD Limited |
| 688 |
| 16.2 |
| — |
| — |
| — |
| 13.8 |
| — |
| — |
| FOCUS LIGHTG & FIXTRS LTD ◆ | 418 | 72.1 | 2.85 | 22.8 | 3.5 | 4.8 | — | 14.9 |
| SONAM LIMITED | 292 | 32.4 | 4.09 | — | 10.2 | 12.9 | — | 8.1 |
| VETO SWITCHGEAR CABLE LTD | 240 | 8.8 | 0.83 | 6.5 | 8.5 | 11.2 | 16.4 | 11.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 72.1 | 32.2 | 11 of 12 | 9% |
| P/B | 2.9 | 2.9 | 6 of 11 | 50% |
| ROCE | 4.8 | 9.8 | 10 of 14 | 31% |
| ROE | 3.5 | 6.6 | 8 of 12 | 36% |
| Debt / Equity | 0.1 | 0.1 | 7 of 12 | 46% |
| EBITDA margin | 14.9 | 8.0 | 3 of 11 | 80% |
| Revenue growth | 17.9 | 33.3 | 10 of 13 | 25% |
| Profit growth | 32.9 | 32.9 | 6 of 11 | 50% |
| Market cap | 418 | 266 | 6 of 14 | 62% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
