Panorama Studios (539469)
CyclicalFairStock Score: 17/100 — RISKY
Score breakdown: P/E: 0/3 · ROCE: 2/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹999.15 |
| Market Cap | ₹7,087.85 Cr |
| P/E Ratio | 34.31 |
| ROCE | 27.19% |
| ROE | 23.62% |
| Dividend Yield | 0.12% |
| Profit Growth | -118.78% |
| Debt/Equity | — |
| Sales Growth | -13.02% |
| 52-Week Range | ₹28.96 — ₹999.15 |
| Sector | Entertainment |
| Book Value | ₹6.37 |
Strengths
- Reported ROE of 23.62% and ROCE of 27.19% show efficient use of a small equity base in good periods.
- Trailing P/E of 34.31 indicates there is some existing earnings base, not just a shell company.
- Latest quarter sales of ₹29 Cr show the operating engine is still generating revenue.
Concerns
- Price-to-book of 156.85 versus book value of ₹6.37 means investors are paying an extraordinary premium over tangible assets.
- Profit growth of -118.78% and the latest quarterly net loss of ₹2 Cr show deteriorating earnings power.
- Sales growth of -13.02% points to a shrinking top line.
- Piotroski F-Score of 3/9 and FairStock Score of 17/100 signal poor financial health and high risk.
AI Analysis
This is exactly the kind of situation where Mr. Market has left fundamentals behind. Panorama Studios is priced at ₹999.15, giving a market capitalisation of ₹7,088 Cr, while book value is only ₹6.37 per share. That translates into a price-to-book ratio of 156.85. In Graham's language, there is no margin of safety when you pay a fantastic price for a business whose hard assets are so thin. The latest quarter confirms my caution: sales of ₹29 Cr and a net loss of ₹2 Cr. Sales have declined by 13.02%, and profit growth has collapsed by 118.78%. The Piotroski F-Score of 3/9 and FairStock Score of 17/100 reinforce the picture of weak financial health. The reported ROE and ROCE of 23.62% and 27.19% look alluring, but they stand on a very small equity base; one or two flop films can wipe out those returns. Film production, distribution, and exhibition is a hit-driven, cyclical business without a durable moat. The 52-week range from ₹28.96 to ₹999.15 is not the signature of a stable compounding machine; it is the signature of speculation. The 0.12% dividend yield gives no income support. If I cannot see a consistent stream of cash earnings, I cannot calculate intrinsic value. This looks like a Cyclical situation at a euphoric price. Patience is better than participation.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer