The shares of the Micro-Cap stock specializing in the manufacturing and trading of innovative LED lights and fixtures, hit a 5 percent upper circuit upon receiving a work order for Rs. 2.1 crore (AED 918,000) from Centrepoint (Landmark Retail Investment Co. L.L.C).
Price action
With a market capitalization of Rs. 750.41 crores on Thursday, the shares of Focus Lighting and Fixtures Limited hit a 5 percent upper circuit, making a high of Rs. 111.58 per share compared to its previous closing price of Rs. 106.27 per share.
What Happened
Focus Lighting and Fixtures Limited’s wholly owned subsidiary, Plus Light Tech FZE, has secured an order worth Rs. 2.1 crore (AED 918,000) from Centrepoint (Landmark Retail Investment Co. L.L.C) for the manufacture, supply, and delivery of lighting and fixtures. The project is based in Dubai, UAE, and is expected to be completed within four months.
About the Company
Focus Lighting and Fixtures Limited is an Indian company specializing in the design, manufacturing, and supply of high-quality lighting solutions and fixtures. The company serves a diverse range of industries, including retail, commercial, and residential sectors. It is known for its innovative lighting designs and commitment to energy-efficient solutions.
Marquee Clients
The company has a set of marquee clients, including Tata Motors, BMW, DIESEL, Dune, GAS, GUESS, Brooks Brothers, Kate Spade, and more.
Key Insights
The company has a P/E ratio of 28.88, below the industry average of 31.73. It maintains a low debt-to-equity ratio of 0.09 and has strong average returns, with a 23.89 percent ROE and 26.72 percent ROCE over the last 3 years.
Financials
The company’s revenue declined by 26.8 percent from Rs. 59.06 crore to Rs. 43.21 crore in Q3FY24-25. Meanwhile, the Net profit declined from Rs. 9.68 crore to Rs. 0 crore during the same period.
Written by Sridhar J
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