Investor FAQs
General company information
Where and when was Prime Focus Limited (PFL) incorporated?
Prime Focus Limited was incorporated as a limited company under the Companies Act, 1956 in Mumbai on June 24, 1997.
What are the key areas of business for Prime Focus?
Prime Focus Limited (hereinafter referred to as ‘PFL’ / ‘the Company’) is one of the world’s leading end-to-end post-production services providers. As the foremost independent media Company in the world, PFL provides integrated media services worldwide. Its end-to-end creative services (visual effects, stereo 3D conversion, and animation), technology products & services (CLEAR, Media ERP Suite, and Cloud-powered media services), production services (equipment rental), and post-production services (Digital Intermediate and picture post) are driving the media and entertainment industry ahead. PFL and its group employs over 12,600 professionals in 27 locations across the globe, including Bengaluru, Bhubaneshwar, Chennai, Goa, Hyderabad, Kolkata, Mohali, Mumbai, Noida, Patna, Pune, Rajahmundry, Thiruvananthapuram, Visakhapatnam in India and Barcelona, Budapest, Burbank, Leeds, London, Los Angeles, Montréal, New York, Singapore, Sofia, Sydney, Toronto, Vancouver. The vast global network of PFL facilitates proactive marketing and the utilisation of region-specific advantages.
Since its inception in 1997, PFL has established a strong global presence and leadership position. With more than two decades of experience, PFL is the dominant player among the world’s foremost studios, broadcasters, advertisers, and production houses. Strong in-house technologies and tools have enabled the Company to maintain a streamlined workflow across all of its global offices.
View-D™ (stereoscopic 2D to 3D conversion), CLEAR™ (Hybrid Cloud technology-enabled Media ERP Suite), and Primetime Emmy®-winning DAX Digital Dailies® are among the Company’s pioneering technologies. PFL’s highly innovative World Sourcing Delivery Model provides its privileged clients with a significant competitive advantage in the delivery of the world’s premium services on an unrivalled scale and in unbeatable timeframes, while ensuring cost effectiveness.
What is Prime Focus Group’s corporate structure?
What is the employee strength of Prime Focus?
Prime Focus has over 12,600 professionals in 27 cities across 4 continents and 7 Time zones.
Where are Prime Focus’ offices located?
The group has offices in Bengaluru, Bhubaneshwar, Chennai, Goa, Hyderabad, Kolkata, Mohali, Mumbai, Noida, Patna, Pune, Rajahmundry, Thiruvananthapuram, Visakhapatnam, Barcelona, Budapest, Burbank, Leeds, London, Los Angeles, Montréal, New York, Singapore, Sofia, Sydney, Toronto and Vancouver.
Who is on Prime Focus’ Board of Directors?
- Mr. Namit Malhotra, Director
- Mr. Naresh Malhotra, Whole Time Director
- Mr. Kodi Raghavan Srinivasan, Director
- Mr. Devarajan Samu, Director
- Mr. Hemalatha Thiagarajan, Director
- Mr. Vibhav Parikh
Who are Prime Focus’ independent auditors?
Prime Focus’ independent auditor is M/s. M S K A & ASSOCIATES, Chartered Accountants (Firm Registration no. 105047W).
What is the revenue and profit of Prime Focus for the last financial year?
Consolidated Revenue and Adjusted EBITDA for FY ’23 is at Rs. 49,238 mn and Rs. 12,809 mn, respectively.
What is the percentage of revenue from India and Rest of the world?
8% of revenue is from India and 92% from rest of the world in FY ’23.
What is the 5-year revenue and profit CAGR of Prime Focus?
| 5 YR CAGR | |
|---|---|
| Revenue | 16% |
| Adjusted EBITDA | 19% |
What is Revenue contribution from each business segment?
| % Shareholding | |
|---|---|
| Creative Services (VFX and 3D services) | 92% |
| Technology Services | 8% |
What is the debt in its balance sheet? How much of it is dollar related?
Net Debt for the company as on March 31, 2023 is at Rs. 39,854 mn of which approximately 80% is dollar related
When was Prime Focus’ Initial Public Offering and at what Price?
In 2006, Prime Focus entered the capital markets with a public issue of Rs. 1.15 bn at a price band of Rs. 450-500 which was later revised to Rs. 417-500. The issue opened on May 25 and closed on June 3, 2006 receiving 1.23 times subscription. Its shares began trading on Bombay Stock Exchange and National stock Exchange on June 20, 2006.
On which stock exchanges are Prime Focus shares listed and what are the codes?
| NSE | BSE | |
|---|---|---|
| Exchange code | PFOCUS | 532748 |
| Reuters code | PRFO.NS | PRFO.BO |
| Bloomberg code | PRIF:IN |
What is the registered share capital?
The registered share capital is Rs. 299,848,644/-. The number of registered shares amounts to 299,848,644 with a nominal value of Rs. 1 each as on date.
Historic share price data at year end for the last 5 years:
| Share Price | |
|---|---|
| 2023 | 81.35 |
| 2022 | 91.10 |
| 2021 | 64.7 |
| 2019 | 43.5 |
| 2018 | 39.4 |
What is the credit rating of the company?
India Ratings and Research (Ind-Ra) has withdrawn the rating given to Prime Focus Limited (PFL) as on March 04, 2023
When does the financial year of Prime Focus end?
Prime Focus’ financial year (12-month accounting period) ends on March 31 from 2018 onwards.
When is the AGM held and where?
AGM for FY ‘23 was held on 29th September, 2023 through VC
What is the address of the registered office of Prime Focus?
The address of the registered office of Prime Focus is as below:
Prime Focus House
Linking Road, Khar (West)
Mumbai- 400052, India.
Phone: +91-22-6715 5000
What is the date of release of next quarterly financial results?
As a public company, Prime Focus is required to file quarterly financials based on the guidelines set forth by Securities and Exchange Board of India, which is within 45 days of quarter ending and annual financials within 60 days of end of financial year.
Does Prime Focus pay dividends?
No dividend has been declared during the year in order to preserve funds for future activities. Future declaration of dividends on Prime Focus stock is at the sole discretion of the Prime Focus Board of Directors.