PANORAMA

Panorama Studios International Limited

Panorama Studios International Limited (PANORAMA) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Media, Entertainment & Publication›Entertainment›Film Production, Distribution & Exhibition

panoramastudios.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹63.13
Market cap
1,645 Cr
Stock P/E
73.5
P/B
7.45
Dividend yield
0.1%
ROE (FY26)
4.5%
ROCE (FY26)
12.4%
Operating margin (FY26)
6.0%
Debt / equity (FY26)
0.00
OCF / EBITDA (FY26)
-17.1%
OCF / EBITDA (3Y)
-24.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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Company snapshot

3rdBy market cap

Ranked among 9 companies in Film Production, Distribution & Exhibition.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricJun 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales71 Cr33 Cr283 Cr36 Cr82 Cr34 Cr213 Cr136 Cr78 Cr29 Cr65 Cr183 Cr
Operating expenses (approx.)67 Cr28 Cr243 Cr32 Cr74 Cr30 Cr168 Cr129 Cr75 Cr28 Cr52 Cr163 Cr
EBITDA4 Cr5 Cr40 Cr4 Cr8 Cr4 Cr44 Cr8 Cr2 Cr1 Cr13 Cr20 Cr
OPM %6.1%14.5%14.2%10.9%9.4%11.7%20.9%5.6%3.2%5.0%19.9%10.9%
Other income0.91 Cr0.78 Cr1 Cr1 Cr0.97 Cr0.77 Cr1 Cr2 Cr3 Cr0.81 Cr3 Cr2 Cr
Interest2 Cr2 Cr6 Cr2 Cr1 Cr2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr
Depreciation0.18 Cr0.27 Cr0.29 Cr0.35 Cr0.39 Cr0.77 Cr1 Cr1 Cr1 Cr2 Cr2 Cr1 Cr
Profit before tax3 Cr3 Cr36 Cr3 Cr7 Cr2 Cr42 Cr5 Cr2 Cr-2 Cr12 Cr17 Cr
Tax %31.9%29.5%23.3%25.3%27.1%30.2%25.6%26.9%45.5%21.0%39.6%24.9%
Net profit2 Cr2 Cr28 Cr2 Cr5 Cr1 Cr31 Cr4 Cr0.84 Cr-2 Cr7 Cr13 Cr
EPS (₹)₹3.26₹2.74₹21.98₹2.67₹0.87₹0.31₹4.34₹0.72₹0.28₹-0.02₹0.34₹0.52

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales23 Cr314 Cr76 Cr83 Cr371 Cr440 Cr364 Cr308 CrSign in free for the trailing twelve months
Operating expenses (approx.)20 Cr303 Cr63 Cr87 Cr319 Cr379 Cr304 Cr284 CrSign in free for the trailing twelve months
EBITDA4 Cr11 Cr13 Cr-4 Cr53 Cr61 Cr60 Cr24 CrSign in free for the trailing twelve months
OPM %15.4%3.5%16.9%-5.3%14.2%13.8%16.5%7.9%Sign in free for the trailing twelve months
Other income2 Cr1 Cr0.53 Cr10 Cr5 Cr5 Cr4 Cr9 CrSign in free for the trailing twelve months
Interest2 Cr1 Cr2 Cr6 Cr8 Cr12 Cr8 Cr11 CrSign in free for the trailing twelve months
Depreciation0.08 Cr0.07 Cr0.07 Cr0.23 Cr0.75 Cr0.96 Cr3 Cr6 CrSign in free for the trailing twelve months
Profit before tax3 Cr10 Cr11 Cr-1 Cr49 Cr52 Cr54 Cr16 CrSign in free for the trailing twelve months
Tax %44.8%24.9%23.3%-21.0%28.5%26.9%25.9%38.6%Sign in free for the trailing twelve months
Net profit2 Cr8 Cr9 Cr-1 Cr35 Cr38 Cr40 Cr10 CrSign in free for the trailing twelve months
EPS (₹)₹0.21₹7.10₹7.10₹0.56₹2.99₹30.41₹6.04₹0.60Sign in free for the trailing twelve months
Dividend payout %——0.0%—0.0%0.0%3.3%14.5%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital5 Cr8 Cr8 Cr12 Cr12 Cr13 Cr14 Cr52 Cr
Reserves0.78 Cr7 Cr12 Cr11 Cr49 Cr121 Cr178 Cr169 Cr
Borrowings20 Cr25 Cr0.30 Cr72 Cr43 Cr33 Cr76 Cr—
Other liabilities69 Cr226 Cr193 Cr147 Cr130 Cr283 Cr279 Cr600 Cr
Total liabilities98 Cr272 Cr223 Cr252 Cr242 Cr458 Cr553 Cr821 Cr
Fixed assets (net)0.21 Cr25 Cr24 Cr13 Cr14 Cr14 Cr47 Cr45 Cr
CWIP0 Cr0 Cr—0 Cr0 Cr—0.25 Cr—
Investments0 Cr0.09 Cr0.09 Cr0.09 Cr0.09 Cr0.09 Cr0.83 Cr0.83 Cr
Loans & advances14 Cr10 Cr14 Cr16 Cr39 Cr36 Cr28 Cr44 Cr
Inventories18 Cr76 Cr62 Cr124 Cr75 Cr190 Cr237 Cr373 Cr
Trade receivables11 Cr14 Cr93 Cr48 Cr28 Cr91 Cr78 Cr110 Cr
Cash & bank0.56 Cr0.37 Cr0 Cr1 Cr6 Cr9 Cr5 Cr7 Cr
Other assets55 Cr147 Cr31 Cr50 Cr80 Cr118 Cr158 Cr241 Cr
Total assets98 Cr272 Cr223 Cr252 Cr242 Cr458 Cr553 Cr821 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity22 Cr-10 Cr6 Cr-65 Cr41 Cr-6 Cr-26 Cr-4 Cr
Cash from investing-26 Cr0.03 Cr0.16 Cr15 Cr-3 Cr-12 Cr-32 Cr-50 Cr
Cash from financing4 Cr9 Cr-3 Cr49 Cr-34 Cr22 Cr53 Cr57 Cr
Net cash flow0.12 Cr-0.18 Cr2 Cr-0.92 Cr5 Cr4 Cr-4 Cr2 Cr
Free cash flow (OCF − Capex)——6 Cr-65 Cr40 Cr-9 Cr-68 Cr-10 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.3%25.7%44.8%4.7%51.2%36.7%22.4%12.4%
ROE %9.8%20.1%29.2%2.1%54.0%26.8%21.1%4.5%
Debtor days17716442212287578129
Inventory days2739529554274158300516
Days payable30963542204387900
Cash conversion cycle1404719555064154378645
OCF / EBITDA %608.1%-89.6%44.3%—78.4%-9.6%-43.1%-17.1%
OCF / EBITDA % (3 years)——65.8%-356.9%-28.8%-26.7%5.7%-24.7%
Debt / equity3.151.780.023.020.700.240.400.00
Current ratio0.831.001.061.101.421.501.631.37
Net debt / EBITDA5.272.280.02—0.700.391.19-0.30