Multibagger stock engaged in the manufacturing and trading of innovative light-emitting diode jumped 5 percent in the day’s trade after it unveiled a new outdoor technology for lighting that gives it a distinct competitive advantage over others.
In the day’s closing on December 7, 2023, the shares of Focus Lighting and Fixtures Limited closed at Rs. 184.50, up 5.04 percent from its previous day’s close price of Rs. 175.60 and its market capitalization is Rs. 1,207 Crores. It has delivered multi-bagger returns of 195 percent in a year.
Focus Lighting and Fixtures Limited has unveiled a groundbreaking Outdoor Technology named ‘Optical’ a revolutionary technology set to redefine the landscape of the outdoor lighting market.
Over the past year, the company has dedicated extensive efforts to address longstanding challenges and develop a Unique Outdoor Technology that is set to transform the landscape of outdoor lighting.
One of the industry’s persistent limitations, the narrow beam color mixing, has now found a solution with Focus. The company has successfully achieved the narrowest beam (3 degrees), a feat unprecedented in the industry.
Additionally, Focus Lighting Limited has introduced a single-lens technology that allows for seamless beam angle adjustments from narrow to wide, eliminating the need for changing fixtures.
Key features of the new Outdoor Technology include Enhanced color-mixing capabilities, Dynamic beam angle adjustments from super narrow to wide beam, Improved adaptability for both existing and new product lines.
The unique features of the technology provide Focus Lighting and Fixtures Limited with a distinct competitive advantage, making their products stand out in the market.
The company’s revenue from operations grew 59.96 percent from Rs. 105.39 Crores in FY22 to Rs. 168.58 Crores in FY23, accompanied by increasing profits of Rs. 4.56 Crores to Rs. 22.69 Crores.
It has reported a return on equity (ROE) of 36.25 percent and a return on capital employed (ROCE) of 46.3 percent, it is making good returns on its equity and capital employed.
Focus Lighting and Fixtures Limited is engaged in the manufacturing and trading of innovative light-emitting diode (LED) lights and fixtures.
Written by: Bharath K.S
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