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← CockpitCompetitor Analysis › PFOCUS.NS Prime FocusOpen in the cockpit ↗

Prime FocusPFOCUS.NSCompetitor analysis, valuation and peers

India · INR·Media›Movies/Entertainment

Provides visual effects, animation and post-production services to Hollywood and Indian film and streaming studios.

≈ A smaller, India-based DNEG/ILMMomentum neutral 52
Mkt cap
$2.36B
US dollars, full cap
Free float
17%
of shares outstanding
$/day
$15.2M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+10.7 pp
WACC 12.1%
Hurdle
+13 pp
Req g minus delivered
Next earnings
12 days
18 Nov 2026
Close · INR₹285.20
1D-1.1%
1W-1.0%
1M+0.4%
3M-2.3%
6M-7.3%
YTD+21.1%
1Y+60.5%
ATR %5.8%
Beta0.80
52w lowhigh22.3% off high

What Prime Focus does

Provides visual effects, animation and post-production services to Hollywood and Indian film and streaming studios.

Earns mostly through DNEG, its larger global VFX studio, which is paid per project on bids with milestones, with India as a lower-cost production base, so artist capacity and project timing swing results. A smaller technology arm sells media-management software to studios.

In one line: A smaller, India-based DNEG/ILM.

Products and services

  • Visual effects (VFX)
  • Animation
  • Post-production/localization
  • Media technology tools

Customers

  • Hollywood studios
  • Streaming platforms
  • Indian film producers

Where it sits in the supply chain

  • Content production
  • VFX/animation services
  • Post-production/localization
  • Media technology

What could go right

  • Streaming content volume growth
  • Hollywood VFX outsourcing to India

What could go wrong

  • Hollywood production slowdowns/strikes
  • Currency and pricing pressure

Moat: narrow (scale, process know-how). Large global VFX talent pool and studio relationships, though the industry is price-competitive.

Headquarters: Mumbai, India · Founded: 1995 · Employees: 10,200

Named competitors

  • DNEG private or unlisted
  • Technicolor private or unlisted
  • Tata Elxsi TATAELXSI.NS
  • Prana Studios private or unlisted

Prime Focus at a glance

Size Prime Focus (PFOCUS.NS) is an India Communication Services company (Movies/Entertainment) with a market value of $2.36B, the 342nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹285.20 on 6 Nov 2026.

Performance Over six months the shares fell 7.3%, against +5.3% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 29.2% over the last twelve months (peer median +1.6%); the operating margin is 15.8% (peer median 8.5%).

Valuation It trades at 4.5× enterprise value to sales against a peer median of 3.6× (9th most expensive of 21).

Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 10.7 points above its cost of capital (12.1% WACC).

Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 105PFOCUS.NS 95
Six months, rebased to 100: Prime Focus against the median of its 20 peers (local-currency closes).

Prime Focus financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹49.2B₹45.9B₹35.4B₹39.3B₹46.3B
Revenue growth—+30%-10%-15%—
Gross profit₹12.0B₹9.67B₹5.25B₹526M₹9.30B
EBITDA₹14.8B₹13.4B₹7.27B₹2.34B₹9.58B
Net income₹1.16B₹2.19B-₹3.77B-₹4.05B₹1.47B
Free cash flown/a₹476M-₹5.27B-₹6.78B-₹2.63B
Capital expendituren/a₹5.32B₹3.65B₹3.05B₹3.60B
Total debtn/a₹57.2B₹48.8B₹48.6B₹48.9B

Quarterly statements and history in the cockpit →

Prime Focus competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%0%+20%+40%+60%300182MSGR601595468003263001449605000069300133AMC002739EVT1060ITVBATRAPVRINOX603103MSGETAHPFOCUS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Prime Focus is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×10×20×300182MSGR601595468003263001449605000069300133AMC002739PRKSEVT1060ITVBATRAPVRINOX603103MSGEPFOCUS.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Prime Focus is the large dot.

Capital: growth delivered against growth the price implies

-25%0%+25%+50%+75%0%50%60159546803001449605000069PRKSEVT1060ITVPVRINOX603103MSGETAHPFOCUS.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Prime Focus is the large dot.

Prime Focus competitors and peer comparison

Head to head with its named competitors (PFOCUS.NS vs TATAELXSI.NS)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Prime Focus PFOCUS.NS$2.36B-7%+29%16%4.5×26.0%
Tata Elxsi TATAELXSI.NS$2.52B-10%+10%20%5.6×25.3%

How Prime Focus compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Prime Focus against its 20 peers (data as of 6 Nov 2026)
MeasurePFOCUS.NSPeer medianRank in peer set
1-month return+0.4%+9.4%7th lowest of 21
6-month return-7.3%+5.3%8th lowest of 21
Distance from 52-week high-22.3%-17.3%9th lowest of 21
Revenue growth (TTM)+29.2%+1.6%2nd highest of 21
Operating margin15.8%8.5%5th highest of 21
EV / Sales4.5×3.6×9th most expensive of 21
Growth the price implies (Req g, 7 yrs)26.0%5.3%3rd most demanding of 15
Growth delivered (Del g)+12.6%+19.2%5th lowest of 15
Hurdle (Req g minus delivered)+13.3 pp-11.6 pp4th most demanding of 15
ROIC minus cost of capital+10.7 pp-3.1 pphighest of 21
EV / EBITDA15.0×8.8×3rd most expensive of 11
Net debt / EBITDA3.2×2.4×6th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Prime Focus PFOCUS.NSIndia$2.36B-7%+29%16%4.5×26.0%+12.6%
Beijing Jetsen Technology 300182.SZChina$2.36B+6%-23%9%7.7×n/an/a
MSG Rangers MSGRUnited States$2.37B+1,624%+2%-9%8.1×n/an/a
Shanghai Film 601595.SSChina$2.40B+47%-18%-2%22.6×57.0%+24.4%
ROUND ONE 4680.TJapan$2.22B+42%+21%15%2.5×4.3%+25.5%
China Star Entertainment 0326.HKHong Kong$2.54B-10%-69%-157%90.0×n/an/a
Songcheng Performance Development 300144.SZChina$2.17B-29%-15%37%6.0×5.6%+20.1%
Toei 9605.TJapan$2.77B+5%+3%20%2.3×-3.3%+11.5%
Shenzhen Overseas Chinese Town 000069.SZChina$2.00B-25%-22%-32%4.2×1.1%-17.4%
Zhejiang Huace Film & TV 300133.SZChina$2.79B+15%+44%8%6.4×n/an/a
AMC Entertainment AMCUnited States$2.80B+109%+6%5%1.9×n/an/a
Ruyi Film Entertainment 002739.SZChina$2.94B-9%-8%3%2.3×6.7%+15.4%
United Parks & Resorts PRKSUnited States$1.81B+2%-4%21%2.5×0.2%+30.9%
EVT EVT.AXAustralia$1.78B+39%+7%9%3.0×21.0%+18.0%
Damai Entertainment 1060.HKHong Kong$1.74B-25%+22%6%0.7×-9.1%+22.0%
Itv ITV.LUnited Kingdom$3.23B-16%+2%13%0.9×-2.8%+4.8%
Atlanta Braves BATRAUnited States$3.23B+1%+6%-9%5.3×n/an/a
PVR Inox PVRINOX.NSIndia$1.63B+47%+14%16%2.9×15.7%+88.3%
Hengdian Entertainment 603103.SSChina$1.62B-18%-27%-10%6.7×36.1%+18.3%
Madison Square Garden Entertainment MSGEUnited States$3.65B+18%+16%17%4.1×5.0%+66.9%
Tabcorp TAH.AXAustralia$1.45B+28%0%9%1.2×5.5%+0.1%

Questions

Who are Prime Focus's main competitors?
Named competitors: DNEG (private or unlisted), Technicolor (private or unlisted), Tata Elxsi (TATAELXSI.NS), Prana Studios (private or unlisted). The cockpit's measured peer set (industry) also includes Beijing Jetsen Technology (300182.SZ), MSG Rangers (MSGR), Shanghai Film (601595.SS), ROUND ONE (4680.T), China Star Entertainment (0326.HK), Songcheng Performance Development (300144.SZ).
Is Prime Focus expensive compared with its peers?
On ev / sales it trades at 4.5× against a peer median of 3.6×, 9th most expensive of 21 in its peer set. For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Prime Focus stock performed?
Over six months to 6 Nov 2026 the shares returned -7.3% against +5.3% for the median peer; over one year +60.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.