Panorama Studios International Ltd
539469Panorama Studios International Ltd's price has outrun its earnings. −1.8% in a year against EPS −64.5% — the market is paying now for delivery later.
The sharpest disagreement: the price moved −1.8% in a year while annual EPS moved −64.5% — the difference is re-rating, and re-rating has to be repaid with earnings.
The price is in a downtrend (50 weeks in) while the P/E sits at the 94th percentile of its own 7-year range. Underneath, the last four quarters read deteriorating — profit −76.9% year on year, and −43% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Panorama Studios International Ltd trades at ₹50.9, in a downtrend and 50 weeks into that stage. That is +10.9% against its own 200-day average. It sits at 70% of a 52-week range of ₹36 to ₹58. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 14 straight weeks.
Today the stock is in a downtrend — week 50 of stage 4. At ₹50.9 it trades +10.9% versus its 200-day average and sits at 70% of its 52-week range (₹36–₹58).
Against the market, two honest reads. Cumulative: over the last 10.1 years the stock moved +7,069% while the NIFTY 500 moved +240% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 14 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 94th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Panorama Studios International Ltd trades at 80.8× P/E, at the pricey end of its own range (94th percentile). Its long-run median P/E is 27.3×, measured across 7.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 80.8× is at the pricey end of its own range (94th percentile), against a long-run median of 27.3× measured over 7.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved −64.5% against a −1.8% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +72.6%/yr price move, ~+9.6%/yr came from earnings growth and ~+63.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Panorama Studios International Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue and profit growth are shrinking (revenue growth −69.5% latest (single-quarter readings) against +100.0% at its 12-quarter best), ROCE slipping at 9.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −15.4% | −6.0% | +32.3% | — |
| Profit | −75.0% | −34.1% | +4.6% | — |
| EPS | −64.5% | −29.5% | +9.6% | — |
| Share price | −1.8% | +55.1% | +72.6% | +53.3% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
42.4/100 — rank 15 of 25 in Entertainment & Media · 66% evidence confidence
Panorama Studios International Ltd scores 42.4 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 15. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 9.7 + 12.5 + 9.4 + 10.8 = 42.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Panorama Studios International Ltd reported ₹64.8 Cr of revenue in the Mar 26 quarter, −69.5% year on year. Over 7 years it has compounded at 44.9% a year. The last full year, FY26, came in at ₹308 Cr. The last four reported quarters add to ₹309 Cr.
Panorama Studios International Ltd reported ₹64.8 Cr of revenue in the Mar 26 quarter, −69.5% year on year. Over 7 years it has compounded at 44.9% a year. The last full year, FY26, came in at ₹308 Cr. The last four reported quarters add to ₹309 Cr.
FY26 revenue came in at ₹308 Cr (−15.4% on the year), capping 7 years at 44.9% compound. The latest quarter (Mar 26) printed ₹64.8 Cr, −69.5% year on year.
Pace check: the last four quarters averaged +48.9% growth against the decade's 44.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew −15.3% over the last 4 quarters against −16.2%/yr over the last 8 — stabilising; TTM profit −74.9% vs −48.9%/yr — rolling over.
→ Revenue slipped — did margins hold as it scaled? Next: 19.9% this quarter (−1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Panorama Studios International Ltd's operating margin is 19.9% in the Mar 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −5.0% to 17.0%. The current quarter is running above every full year in that window.
Panorama Studios International Ltd's operating margin is 19.9% in the Mar 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −5.0% to 17.0%. The current quarter is running above every full year in that window.
The latest quarter's operating margin is 19.9%, −1.0 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −5.0%–17.0%.
🚨 Why the margin moved: operating margin went −1.0 pp year on year while gross margin went +0.0 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit −76.9% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Panorama Studios International Ltd earned ₹7.2 Cr of net profit in the Mar 26 quarter, −76.9% year on year. Full-year FY26 profit was ₹10.0 Cr. The 7-year compound rate is 25.8%. That is 11.0% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr. 1 of the last 12 reported quarters were loss-making.
Panorama Studios International Ltd earned ₹7.2 Cr of net profit in the Mar 26 quarter, −76.9% year on year. Full-year FY26 profit was ₹10.0 Cr. The 7-year compound rate is 25.8%. That is 11.0% of the quarter's revenue. The same quarter a year earlier earned ₹31.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 26 profit was ₹7.2 Cr, −76.9% year on year. On the full year, FY26 printed ₹10.0 Cr (−75.0%), and the 7-year compound rate is 25.8%.
🚨 Why profit moved: revenue contributed −69.5% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit −82.8% vs revenue +48.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: −43% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −43% of Panorama Studios International Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−4.0 Cr of operating cash against ₹10.0 Cr of profit. After ₹3.0 Cr of capital spending, ₹−7.0 Cr was left as free cash.
FY26: operating cash of ₹−4.0 Cr against reported profit of ₹10.0 Cr, leaving free cash of ₹−7.0 Cr after ₹3.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −43% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −43%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 4.2× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹42.0 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Panorama Studios International Ltd's cash conversion cycle runs 130 days in FY26, up from 123 days in FY21. Capital spending ran ₹42.0 Cr over the last 3 years. At FY26 sales of ₹308 Cr each day of that cycle holds about ₹0.8 Cr, so roughly ₹110 Cr sits inside the business at any moment.
FY26: debtors at 130 days (an asset-light business — no inventory to speak of) — for a full cycle of 130 days, looser than FY21's 123.
In money terms: at FY26 sales of ₹308 Cr, each day of the cycle holds about ₹0.8 Cr — so the 130-day loop keeps roughly ₹110 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹42.0 Cr over the last 3 fiscal years against ₹10.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 9%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Panorama Studios International Ltd earns a ROCE of 9% in FY26. That is up from a trough of −3% in FY22. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.2% net margin on 0.38× asset turns.
FY26 ROCE is 9%, recovered from a FY22 trough of −3% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 3.2% net margin × 0.38× asset turns × 3.71× balance-sheet leverage ≈ 4.5% on equity. Margin does its share; leverage is a meaningful part of the equation.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.59.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Panorama Studios International Ltd carries ₹130 Cr of borrowings against ₹221 Cr of equity in FY26, a debt-to-equity of 0.59. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹26.0 Cr to ₹130 Cr. Capital spending ran ₹42.0 Cr across the last 3 of those years.
FY26: borrowings of ₹130 Cr against equity of ₹221 Cr — a debt-to-equity of 0.59. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹26.0 Cr to ₹130 Cr while capital spending ran ₹42.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
→ Who owns this, and are they adding or leaving? Next: the register is quiet.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Panorama Studios International Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.3 points over the same window, to 0.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −0.5 points over 8 quarters to 66.6%; Foreign institutions: +0.3 points over 8 quarters to 0.3%; Domestic institutions: +0.1 points over 8 quarters to 0.1%.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Panorama Studios International Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Panorama Studios International Ltd this page | 80.8× | ₹1,266 Cr | Deteriorating | |||
| Prime Focus Ltd | 95.6× | ₹22,463 Cr | No read | |||
| Sun TV Network Ltd | 12.8× | ₹19,188 Cr | Mixed | |||
| Amagi Media Labs Ltd | 184.0× | ₹13,176 Cr | — | — | — | — |
| Nazara Technologies Ltd | 11.6× | ₹11,236 Cr | No read | |||
| Nazara Technologies Ltd | 11.6× | ₹11,199 Cr | No read | |||
| PVR Inox Ltd | 32.9× | ₹10,448 Cr | No read | |||
| Zee Entertainment Enterprises Ltd | 36.3× | ₹10,130 Cr | Deteriorating | |||
| Network 18 Media & Investments Ltd | — | ₹4,413 Cr | No read | |||
| City Pulse Multiventures Ltd | 2,154.0× | ₹4,329 Cr | No read | |||
| Hathway Cable & Datacom Ltd | 25.1× | ₹1,905 Cr | Deteriorating | |||
| Media Matrix Worldwide Ltd | 271.0× | ₹1,585 Cr | Turning around | |||
| Den Networks Ltd | 8.7× | ₹1,296 Cr | Deteriorating | |||
| Panorama Studios International Ltd | 30.2× | ₹1,116 Cr | Topping out | |||
| Balaji Telefilms Ltd | — | ₹1,024 Cr | No read | |||
| Bright Outdoor Media Ltd | 43.7× | ₹875 Cr | No read | |||
| New Delhi Television Ltd | — | ₹865 Cr | No read | |||
| City Pulse Multiventures Ltd | 426.0× | ₹779 Cr | No read | |||
| T.V. Today Network Ltd | 26.8× | ₹695 Cr | Mixed | |||
| Hindustan Media Ventures Ltd | 4.4× | ₹688 Cr | No read | |||
| GTPL Hathway Ltd | 85.5× | ₹682 Cr | Deteriorating | |||
| H T Media Ltd | 4.3× | ₹565 Cr | No read | |||
| Dish TV India Ltd | — | ₹519 Cr | No read | |||
| Entertainment Network (India) Ltd | 258.0× | ₹504 Cr | No read | |||
| Nila Spaces Ltd | 17.6× | ₹501 Cr | No read | |||
| Zee Media Corporation Ltd | 74.8× | ₹498 Cr | No read | |||
| Basilic Fly Studio Ltd | 9.4× | ₹481 Cr | No read | |||
| DAPS Advertising Ltd | 8.5× | ₹11 Cr | No read |
Frequently asked questions
What is Panorama Studios International Ltd's share price today?
Panorama Studios International Ltd trades at ₹50.9, −1.8% over the past year. The company is valued at ₹1,266 Cr. The stock sits at 70% of its 52-week range of ₹36–₹58, +10.9% versus its 200-day average. On the tape, the price is in a downtrend, 50 weeks in. — as of 24 July 2026.
What were Panorama Studios International Ltd's latest quarterly results?
Panorama Studios International Ltd reported revenue of ₹64.8 Cr and net profit of ₹7.2 Cr for the Mar 26 quarter. Revenue fell 69.5% and profit fell 76.9% year on year. Earnings per share were ₹0.34. The operating margin was 19.9%, 1.0 pp lower than a year earlier. — as of 24 July 2026.
What is Panorama Studios International Ltd's revenue?
Panorama Studios International Ltd reported revenue of ₹64.8 Cr in the Mar 26 quarter, −69.5% year on year. For the full FY26 fiscal year, revenue was ₹308 Cr (−15.4%). Over the last 7 years revenue compounded at 44.9% a year. — as of 24 July 2026.
What is Panorama Studios International Ltd's profit?
Panorama Studios International Ltd earned ₹7.2 Cr of net profit in the Mar 26 quarter, −76.9% year on year. Full-year FY26 profit was ₹10.0 Cr. The operating margin ran 19.9% in the latest quarter. — as of 24 July 2026.
What is Panorama Studios International Ltd's market cap?
Panorama Studios International Ltd's market capitalisation is ₹1,266 Cr at a share price of ₹50.9. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Panorama Studios International Ltd's P/E ratio?
Panorama Studios International Ltd trades at a P/E of 80.8×, at the 94th percentile of its own 7-year range, against a long-run median of 27.3×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Panorama Studios International Ltd pay a dividend?
Not in its latest year — Panorama Studios International Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 1 of its last 8 reported fiscal years, so there is a history but no current dividend. — as of 24 July 2026.
Is Panorama Studios International Ltd overvalued?
On its own history, Panorama Studios International Ltd looks expensive against its own history: its P/E of 80.8× sits at the 94th percentile of its 7-year range (long-run median 27.3×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Panorama Studios International Ltd growing?
Not right now — Panorama Studios International Ltd's latest numbers are shrinking: latest-quarter revenue −69.5% year on year, profit −76.9%, and the margin −1.0 pp at 19.9%. The 7-year compound rates are 44.9% (revenue) and 25.8% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Panorama Studios International Ltd performing?
Panorama Studios International Ltd is in a downtrend, 50 weeks in. Its latest quarter's revenue fell 69.5% and profit fell 76.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Panorama Studios International Ltd in?
Deteriorating — revenue and profit growth are shrinking (revenue growth −69.5% latest (single-quarter readings) against +100.0% at its 12-quarter best), ROCE slipping at 9.0%. The read comes from the last 12 quarters of growth (revenue growth −69.5% latest, profit growth −76.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Panorama Studios International Ltd in an uptrend?
No — the price is in a downtrend (week 50 of stage 4), trading +10.9% versus its 200-day average and at 70% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Panorama Studios International Ltd beating the market?
On recent form, yes — Panorama Studios International Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 14 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.1 years the stock moved +7,069% against the NIFTY 500's +240% — ahead of the index over the full window. — as of 24 July 2026.
Will Panorama Studios International Ltd's share price go up?
This page publishes no price forecast for Panorama Studios International Ltd. What it measures instead: the share price is ₹50.9, the price is in a downtrend 50 weeks in. Its P/E of 80.8× sits at the 94th percentile of its own 7-year range. — as of 24 July 2026.
Who owns Panorama Studios International Ltd?
Promoters hold 66.6% of Panorama Studios International Ltd, foreign institutions 0.3%, domestic institutions 0.1% and the public 33.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 24 July 2026.
Does Panorama Studios International Ltd have too much debt?
It is moderate — Panorama Studios International Ltd's debt-to-equity is 0.59, and operating profit covers the interest bill 2×. FY26 borrowings were ₹130 Cr against equity of ₹221 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Panorama Studios International Ltd's capex?
Panorama Studios International Ltd spent ₹42.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹3.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Panorama Studios International Ltd's cash flow?
Panorama Studios International Ltd generated ₹−4.0 Cr of operating cash flow in FY26 and ₹−7.0 Cr of free cash flow after ₹3.0 Cr of capital spending. Reported profit that year was ₹10.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Panorama Studios International Ltd's profit real cash?
Not fully — over the last 3 fiscal years, −43% of Panorama Studios International Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−4.0 Cr against reported profit of ₹10.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Panorama Studios International Ltd in its business cycle?
Panorama Studios International Ltd's FY26 operating margin was 8.0%, against a 8-year band of −5.0%–17.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 19.9%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Panorama Studios International Ltd story?
The sharpest disagreement: the price moved −1.8% in a year while annual EPS moved −64.5% — the difference is re-rating, and re-rating has to be repaid with earnings. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Panorama Studios International Ltd a stock worth studying right now?
This is not investment advice. The machine read: Panorama Studios International Ltd's price has outrun its earnings. −1.8% in a year against EPS −64.5% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.