Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Panorama Studios International Ltd

PANORAMA
Entertainment & Media

Panorama Studios International Ltd's price has outrun its earnings. +11.3% in a year against EPS −64.5% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only −43% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 89th percentile of its own 7-year range. Underneath, the last four quarters read improving — profit +225.0% year on year, and −43% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Deteriorating
partial read
Price
₹53.4
+11.3% 1Y
P/E
58.0×
89th pctile
of its own 7-year range
Revenue (Jun 26)
₹183 Cr
+34.6% YoY
Profit (Jun 26)
₹13.0 Cr
+225.0% YoY
Operating margin
11.0%
+5.0 pp YoY
ROCE
9%
FY26
Cash conversion
−43%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

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 ₹53.4, in a confirmed uptrend and 9 weeks into that stage. That is +14.8% against its own 200-day average. It sits at 81% 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 12 straight weeks.

Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹53.4 it trades +14.8% versus its 200-day average and sits at 81% of its 52-week range (₹36–₹58).

Sep 26: ₹53.4 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+14.8% versus the 200-day line, week 9 of stage 2
Price50-day avg200-day avg
S2S3S4₹77.9₹59.7₹41.6₹23.5₹5.3₹53₹47Sep 23May 24Jan 25Sep 25Sep 26
S2S3S4₹77.9₹59.7₹41.6₹23.5₹5.3₹53₹47Sep 23Jan 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (340 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Jun 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.2 years the stock moved +7,425% while the NIFTY 500 moved +233% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 12 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.

02 · Valuation

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 58.0× P/E, at the pricey end of its own range (89th percentile). Its long-run median P/E is 27.3×, measured across 7.2 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 58.0× is at the pricey end of its own range (89th percentile), against a long-run median of 27.3× measured over 7.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 58.0× vs a 27.3× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 7.2-year window; loss-period spikes above 82× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (89th percentile)
P/EMedianEPS (TTM) (quarterly)
88.3×₹2.366.2×₹1.744.2×₹1.222.1×₹0.60.0×₹0.0×57.50×₹1Jul 19Jun 21Dec 23Apr 25Sep 26
88.3×₹2.366.2×₹1.744.2×₹1.222.1×₹0.60.0×₹0.0×57.50×₹1Jul 19Dec 23Sep 26
P/E
58.0×
89th percentile of 7y

🚨 Why the multiple sits where it does: over the past year annual EPS moved −64.5% against a +11.3% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +66.2%/yr price move, ~+34.7%/yr came from earnings growth and ~+31.5 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.

03 · Stage: Deteriorating

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, profit and EPS growth are shrinking (revenue growth −23.7% latest against +102.6% at its 12-quarter best), ROCE slipping at 9.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

Growth, year by year: revenue −15.4% in FY26, profit −75.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn. Turnaround-year spikes shown pinned (▲).
Revenue YoYProfit YoYEPS YoY
1,372%333%984%213%595%94%206%−26%−183%−146%%%−15.4%−75%FY19FY22FY26
1,372%333%984%213%595%94%206%−26%−183%−146%%%−15.4%−75%FY19FY22FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue rolling over, profit rolling over
RevenueProfitEPS
113%182%76%113%39%44%2.8%−25%−34%−93%%%−23.7%−53.7%−47.7%Sep 23Dec 24Jun 26
113%182%76%113%39%44%2.8%−25%−34%−93%%%−23.7%−53.7%−47.7%Sep 23Dec 24Jun 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
58%45%32%18%5.4%%9%FY23FY24FY26
58%45%32%18%5.4%%9%FY23FY24FY26
Revenue growth
Falling
latest −23.7% · span −23.7% to +102.6%
Profit growth
Falling
latest −53.7% · span −74.4% to +162.8%
EPS growth
Falling
latest −47.7% · span −64.1% to +114.1%
ROCE
Falling
latest 9.0% · span 9.0%–54.0%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

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.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−15.4%−6.0%+32.3%
Profit−75.0%−34.1%+4.6%
EPS−64.5%−29.5%+9.6%
Share price+11.3%+58.0%+66.2%
Revenue YoY (Jun 26)
+34.6%
latest quarter vs a year ago
Profit YoY (Jun 26)
+225.0%
latest quarter vs a year ago
Revenue 10y
44.9%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

43.4/100 — rank 12 of 25 in Entertainment & Media · 69% evidence confidence

Panorama Studios International Ltd scores 43.4 out of 100 against the 25 companies it is compared with in Entertainment & Media, ranking 12. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 10.4 + 12.5 + 9.6 + 10.9 = 43.4. 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.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Panorama Studios International Ltd reported ₹183 Cr of revenue in the Jun 26 quarter, +34.6% 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 ₹355 Cr.

FY26 revenue came in at ₹308 Cr (−15.4% on the year), capping 7 years at 44.9% compound. The latest quarter (Jun 26) printed ₹183 Cr, +34.6% year on year.

FY26 revenue ₹308 Cr (−15.4% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
44.9% a year over 7 years
RevenueYoY growth
4751,372%356984%238595%119206%0−183%₹ Cr%₹308−15.4%FY19FY22FY26
4751,372%356984%238595%119206%0−183%₹ Cr%₹308−15.4%FY19FY22FY26
Jun 26: ₹183 Cr (+34.6% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
306419%229284%153149%7615%0−120%₹ Cr%₹18334.6%Sep 23Dec 24Jun 26
306419%229284%153149%7615%0−120%₹ Cr%₹18334.6%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged −13.6% growth against the decade's 44.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −23.7% over the last 4 quarters against −6.3%/yr over the last 8 — rolling over; TTM profit −53.7% vs −29.3%/yr — rolling over.

06 · Operating margin

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 11.0% in the Jun 26 quarter, +5.0 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 sits inside that band.

The latest quarter's operating margin is 11.0%, +5.0 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 +5.4 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 8.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 8-year window.
within a −5.0–17.0% band over 8 years
operating marginYoY change (pp)
19%22%12%10%6.0%−1.5%−0.4%−13%−6.8%−25%%%8%−8%FY19FY22FY26
19%22%12%10%6.0%−1.5%−0.4%−13%−6.8%−25%%%8%−8%FY19FY22FY26
Jun 26: 11.0% operating margin (+5.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
22%8.5%17%3.0%12%−2.5%6.9%−8.0%1.8%−14%%%11%5%Sep 23Dec 24Jun 26
22%8.5%17%3.0%12%−2.5%6.9%−8.0%1.8%−14%%%11%5%Sep 23Dec 24Jun 26
07 · Net profit

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 ₹13.0 Cr of net profit in the Jun 26 quarter, +225.0% year on year. Full-year FY26 profit was ₹10.0 Cr. The 7-year compound rate is 25.8%. That is 7.1% of the quarter's revenue. The same quarter a year earlier earned ₹4.0 Cr. 1 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹13.0 Cr, +225.0% year on year. On the full year, FY26 printed ₹10.0 Cr (−75.0%), and the 7-year compound rate is 25.8%.

FY26 profit ₹10.0 Cr (−75.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 8-year window. A bar is red when it is lower than the year before.
25.8% a year over 7 years
Net profitYoY growth
43333%31213%2094%8−26%−4−146%₹ Cr%₹10−75%FY19FY22FY26
43333%31213%2094%8−26%−4−146%₹ Cr%₹10−75%FY19FY22FY26
Jun 26: ₹13.0 Cr (+225.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
34733%24456%15178%5−99%−5−377%₹ Cr%₹13225%Sep 23Dec 24Jun 26
34733%24456%15178%5−99%−5−377%₹ Cr%₹13225%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +34.6% and the margin +5.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit −58.1% vs revenue −13.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

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.

FY26: CFO ₹−4.0 Cr vs profit ₹10.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 8-year window, annual resolution.
−43% of 3-year profit arrived as cash
Operating cashNet profitFree cash
5621−14−48−83₹ Cr₹−4₹10₹−7FY19FY22FY26
5621−14−48−83₹ Cr₹−4₹10₹−7FY19FY22FY26
FY26: CFO = −40% of profit (three-year rate −43%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
333%213%94%−26%−146%%−40%FY19FY22FY26
333%213%94%−26%−146%%−40%FY19FY22FY26

🚨 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.

09 · Where the cash goes

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.

FY26: a 130-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 8-year window.
+7 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
758559360160−39days130d572d130d215dFY19FY20FY22FY24FY26
758559360160−39days130d572d130d215dFY19FY22FY26

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.

FY26: capex ₹3.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
5235181−16₹ Cr₹3₹0FY20FY21FY23FY24FY26
5235181−16₹ Cr₹3₹0FY20FY23FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

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.

FY26: ROCE 9% Return on capital employed by fiscal year, % (line). 7-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's −3%
ROCEWACC
59%42%26%9.0%−7.6%%9%FY20FY21FY23FY24FY26
59%42%26%9.0%−7.6%%9%FY20FY23FY26
11 · Debt

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.

FY26: borrowings ₹130 Cr at 0.59× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 8-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
1403.6×1052.7×701.8×350.9×00.0×₹ Cr×₹1300.59×FY19FY20FY22FY24FY26
1403.6×1052.7×701.8×350.9×00.0×₹ Cr×₹1300.59×FY19FY22FY26
12 · Ownership

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%.

Fiscal-year ends: promoters −1.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
74%54%34%14%−5.5%%66.6%0.5%0.2%32.8%Mar 24Mar 25Mar 26
74%54%34%14%−5.5%%66.6%0.5%0.2%32.8%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
79%58%37%15%−5.9%%66.6%0.3%0.1%33%Jun 23Dec 24Jun 26
79%58%37%15%−5.9%%66.6%0.3%0.1%33%Jun 23Dec 24Jun 26
13 · 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.

14 · Related companies · Entertainment & Media
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Nila Spaces LtdNILASPACES 71.2/100Favorable setup81% evidence TURNING 28.5/35 Revenue 31.1% · PAT 75.5% · OPM change 9.1 pp 95% evidence 20.0/25 ROCE 31.3% · OPM 38.7% 95% evidence 11.6/20 P/E 15.5× · PEG — 50% evidence 11.1/20 RS sector 4% · RS bench -13.6% · 1Y -17.4%0 of 6 weeks ahead 70% evidence
Exact sum: 28.5 + 20 + 11.6 + 11.1 = 71.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2PVR Inox LtdPVRINOX 69.3/100Favorable setup91% evidence BREAKING OUT 23.3/35 Revenue 13.7% · PAT 100% · OPM change 5 pp 74% evidence 10.5/25 ROCE 6.8% · OPM 33% 100% evidence 16.9/20 P/E 38.3× · PEG 0.71 100% evidence 18.6/20 RS sector 24.4% · RS bench 19.1% · 1Y 7.9%6 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 10.5 + 16.9 + 18.6 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Prime Focus LtdPFOCUS 65.6/100Favorable setup83% evidence BREAKING OUT 26.3/35 Revenue 29.2% · PAT 100% · OPM change 0 pp 100% evidence 11.6/25 ROCE 11.3% · OPM 24% 100% evidence 9.1/20 P/E 136× · PEG — 15% evidence 18.6/20 RS sector 32.4% · RS bench 27.5% · 1Y 96.3%4 of 12 weeks ahead 100% evidence
Exact sum: 26.3 + 11.6 + 9.1 + 18.6 = 65.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Hindustan Media Ventures LtdHMVL 63.1/100Mixed-positive evidence72% evidence FADING 23.2/35 Revenue 10.8% · PAT 2.3% · OPM change 8 pp 95% evidence 15.1/25 ROCE 11.5% · OPM 14% 95% evidence 13.1/20 P/E 3.7× · PEG — 50% evidence 11.7/20 RS sector — · RS bench 7.2% · 1Y —7 of 9 weeks ahead 25% evidence
Exact sum: 23.2 + 15.1 + 13.1 + 11.7 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Nazara Technologies LtdNAZARA 60.5/100Mixed-positive evidence79% evidence LEADER 11.9/35 Revenue -6.1% · PAT -80% · OPM change -13.7 pp 95% evidence 15.8/25 ROCE 27.1% · OPM -9% 76% evidence 13.1/20 P/E — · PEG — 35% evidence 19.7/20 RS sector 39.2% · RS bench 33.4% · 1Y 34.2%12 of 12 weeks ahead 100% evidence
Exact sum: 11.9 + 15.8 + 13.1 + 19.7 = 60.5 · Decision use: Price leads the evidence: RS versus the benchmark is 33.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6H T Media LtdHTMEDIA 56.7/100Mixed-positive evidence79% evidence BREAKING OUT 18.4/35 Revenue 4.1% · PAT -80% · OPM change 9.9 pp 71% evidence 8.6/25 ROCE 6.3% · OPM 7% 95% evidence 13.7/20 P/E 4.8× · PEG — 50% evidence 16.0/20 RS sector 10.8% · RS bench 5.8% · 1Y -4.8%12 of 12 weeks ahead 100% evidence
Exact sum: 18.4 + 8.6 + 13.7 + 16 = 56.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Sun TV Network LtdSUNTV 54.9/100Mixed-positive evidence100% evidence BASING 18.2/35 Revenue 12.7% · PAT -8.6% · OPM change 2 pp 100% evidence 18.7/25 ROCE 16.4% · OPM 50% 100% evidence 12.7/20 P/E 11.9× · PEG 1.37 100% evidence 5.3/20 RS sector -8.1% · RS bench -12% · 1Y -14.4%0 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 18.7 + 12.7 + 5.3 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8City Pulse Multiventures Ltd542727 54.4/100Mixed-positive evidence65% evidence 22.4/35 Revenue 100% · PAT 100% · OPM change -166.4 pp 83% evidence 11.3/25 ROCE 2.6% · OPM 78.6% 76% evidence 8.7/20 P/E 268× · PEG — 15% evidence 12.0/20 RS sector 41.4% · RS bench -87.3% · 1Y -88.6%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 22.4 + 11.3 + 8.7 + 12 = 54.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Basilic Fly Studio LtdBASILIC 52.6/100Mixed-positive evidence70% evidence 13.4/35 Revenue — · PAT — · OPM change -3 pp 45% evidence 21.0/25 ROCE 22.3% · OPM 21% 95% evidence 14.4/20 P/E 9.5× · PEG — 50% evidence 3.8/20 RS sector -29.6% · RS bench -34.7% · 1Y -59.3%1 of 7 weeks ahead to 2026-08-09 100% evidence
Exact sum: 13.4 + 21 + 14.4 + 3.8 = 52.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Media Matrix Worldwide LtdMMWL 51.7/100Mixed-positive evidence80% evidence BREAKING OUT 15.3/35 Revenue -23.2% · PAT 100% · OPM change -0.5 pp 95% evidence 10.7/25 ROCE 9.8% · OPM 1.5% 95% evidence 8.8/20 P/E 215× · PEG — 15% evidence 16.9/20 RS sector 22.3% · RS bench 16.8% · 1Y 4.4%8 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 10.7 + 8.8 + 16.9 = 51.7 · Decision use: Price leads the evidence: RS versus the benchmark is 16.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
11Zee Media Corporation LtdZEEMEDIA 44.5/100Mixed-negative evidence72% evidence ASLEEP 20.7/35 Revenue 22.3% · PAT 98.3% · OPM change -2 pp 71% evidence 10.1/25 ROCE 5.3% · OPM 9% 95% evidence 9.0/20 P/E 144× · PEG — 15% evidence 4.7/20 RS sector -10.2% · RS bench -14.4% · 1Y -39.6%4 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 10.1 + 9 + 4.7 = 44.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Panorama Studios International Ltdthis pagePANORAMA 43.4/100Mixed-negative evidence69% evidence 10.4/35 Revenue -23.7% · PAT -53.7% · OPM change 5 pp 95% evidence 12.5/25 ROCE 8.7% · OPM 11% 76% evidence 9.6/20 P/E 58× · PEG — 15% evidence 10.9/20 RS sector -4.5% · RS bench 18.5% · 1Y 10.2%0 of 12 weeks ahead 70% evidence
Exact sum: 10.4 + 12.5 + 9.6 + 10.9 = 43.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Balaji Telefilms LtdBALAJITELE 40.4/100Mixed-negative evidence64% evidence TURNING 14.5/35 Revenue 0.8% · PAT -80% · OPM change 24 pp 71% evidence 6.0/25 ROCE -9.5% · OPM 11% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 9.9/20 RS sector -3.9% · RS bench -8.5% · 1Y -17.2%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 6 + 10 + 9.9 = 40.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Hathway Cable & Datacom LtdHATHWAY 38.4/100Mixed-negative evidence87% evidence ASLEEP 12.6/35 Revenue 5.7% · PAT -28.3% · OPM change -4 pp 95% evidence 8.0/25 ROCE 2.6% · OPM 13% 95% evidence 9.3/20 P/E 23.9× · PEG — 50% evidence 8.5/20 RS sector -6.2% · RS bench -10.8% · 1Y -30%3 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 8 + 9.3 + 8.5 = 38.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Dish TV India LtdDISHTV 38.1/100Mixed-negative evidence69% evidence BASING 14.2/35 Revenue -23.8% · PAT -71.9% · OPM change -63 pp 71% evidence 12.4/25 ROCE 70% · OPM -41% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 1.5/20 RS sector -23.8% · RS bench -27.7% · 1Y -53.8%2 of 12 weeks ahead 100% evidence
Exact sum: 14.2 + 12.4 + 10 + 1.5 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Network 18 Media & Investments LtdNETWORK18 36.9/100Mixed-negative evidence66% evidence ASLEEP 17.3/35 Revenue -48.5% · PAT 97.8% · OPM change 0.5 pp 95% evidence 5.6/25 ROCE 3% · OPM 1.4% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 4.0/20 RS sector -24.1% · RS bench -27.4% · 1Y -50.7%0 of 10 weeks ahead 70% evidence
Exact sum: 17.3 + 5.6 + 10 + 4 = 36.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Den Networks LtdDEN 35.9/100Mixed-negative evidence81% evidence TURNING 10.4/35 Revenue -2.3% · PAT -29.8% · OPM change -3.3 pp 95% evidence 7.0/25 ROCE 3.2% · OPM 4.7% 95% evidence 11.4/20 P/E 8.7× · PEG — 50% evidence 7.1/20 RS sector -10.2% · RS bench -7.2% · 1Y -25%1 of 10 weeks ahead 70% evidence
Exact sum: 10.4 + 7 + 11.4 + 7.1 = 35.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18T.V. Today Network LtdTVTODAY 34.0/100Adverse evidence81% evidence TURNING 12.1/35 Revenue -7.8% · PAT -43.3% · OPM change 5.9 pp 95% evidence 8.1/25 ROCE 4.5% · OPM 8% 95% evidence 7.9/20 P/E 23.9× · PEG — 50% evidence 5.9/20 RS sector -17.6% · RS bench -11.1% · 1Y -28.2%2 of 10 weeks ahead 70% evidence
Exact sum: 12.1 + 8.1 + 7.9 + 5.9 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Zee Entertainment Enterprises LtdZEEL 31.4/100Adverse evidence94% evidence ASLEEP 6.0/35 Revenue 2.4% · PAT -71.5% · OPM change -8 pp 100% evidence 6.5/25 ROCE 2.7% · OPM 5% 100% evidence 13.4/20 P/E 36.4× · PEG 0.28 100% evidence 5.5/20 RS sector -15.8% · RS bench -15.9% · 1Y -31.5%7 of 10 weeks ahead 70% evidence
Exact sum: 6 + 6.5 + 13.4 + 5.5 = 31.4 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
20Entertainment Network (India) LtdENIL 31.1/100Adverse evidence73% evidence 13.7/35 Revenue 3.9% · PAT -80% · OPM change 1.5 pp 71% evidence 3.9/25 ROCE -0.8% · OPM 7.9% 95% evidence 5.5/20 P/E 364× · PEG — 50% evidence 8.0/20 RS sector -3.2% · RS bench -18.6% · 1Y -35.5%0 of 5 weeks ahead to 2026-08-09 70% evidence
Exact sum: 13.7 + 3.9 + 5.5 + 8 = 31.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21GTPL Hathway LtdGTPL 30.4/100Adverse evidence81% evidence BASING 10.2/35 Revenue 8.3% · PAT -80% · OPM change -1.5 pp 95% evidence 10.6/25 ROCE 3.5% · OPM 10.3% 95% evidence 6.0/20 P/E 84.3× · PEG — 50% evidence 3.6/20 RS sector -31% · RS bench -21.6% · 1Y -48.3%0 of 10 weeks ahead 70% evidence
Exact sum: 10.2 + 10.6 + 6 + 3.6 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22New Delhi Television LtdNDTV 27.9/100Adverse evidence69% evidence ASLEEP 10.4/35 Revenue 12.1% · PAT -39.6% · OPM change -4 pp 71% evidence 1.6/25 ROCE -72.6% · OPM -58% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 5.9/20 RS sector -9.3% · RS bench -13.7% · 1Y -35.1%3 of 12 weeks ahead 100% evidence
Exact sum: 10.4 + 1.6 + 10 + 5.9 = 27.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Bright Outdoor Media Ltd543831 61.4/100Thin evidence · provisional48% evidence 20.2/35 Revenue 50.9% · PAT 100% · OPM change 1 pp 27% evidence 16.6/25 ROCE 15.7% · OPM 23% 57% evidence 9.2/20 P/E 43.7× · PEG — 50% evidence 15.4/20 RS sector 22.3% · RS bench 17.4% · 1Y 17.9%12 of 12 weeks ahead to 2026-04-05 70% evidence
Exact sum: 20.2 + 16.6 + 9.2 + 15.4 = 61.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
24Amagi Media Labs LtdAMAGI 52.7/100Thin evidence · provisional38% evidence BREAKING OUT 23.1/35 Revenue — · PAT — · OPM change 7.4 pp 45% evidence 10.3/25 ROCE 8% · OPM 7% 76% evidence 9.3/20 P/E 125× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —12 of 12 weeks ahead 0% evidence
Exact sum: 23.1 + 10.3 + 9.3 + 10 = 52.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
25DAPS Advertising Ltd543651 50.7/100Thin evidence · provisional43% evidence 17.9/35 Revenue — · PAT — · OPM change 0.7 pp 15% evidence 12.7/25 ROCE 9.9% · OPM 5.4% 57% evidence 13.9/20 P/E 8.5× · PEG — 50% evidence 6.2/20 RS sector -20.1% · RS bench -6.2% · 1Y -18.2%0 of 10 weeks ahead to 2026-03-29 70% evidence
Exact sum: 17.9 + 12.7 + 13.9 + 6.2 = 50.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Panorama Studios International Ltd's share price today?

Panorama Studios International Ltd trades at ₹53.4, +11.3% over the past year. The company is valued at ₹1,401 Cr. The stock sits at 81% of its 52-week range of ₹36–₹58, +14.8% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 11 September 2026.

What were Panorama Studios International Ltd's latest quarterly results?

Panorama Studios International Ltd reported revenue of ₹183 Cr and net profit of ₹13.0 Cr for the Jun 26 quarter. Revenue rose 34.6% and profit rose 225.0% year on year. Earnings per share were ₹0.52. The operating margin was 11.0%, 5.0 pp higher than a year earlier. — as of 11 September 2026.

What is Panorama Studios International Ltd's revenue?

Panorama Studios International Ltd reported revenue of ₹183 Cr in the Jun 26 quarter, +34.6% 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 11 September 2026.

What is Panorama Studios International Ltd's profit?

Panorama Studios International Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, +225.0% year on year. Full-year FY26 profit was ₹10.0 Cr. The operating margin ran 11.0% in the latest quarter. — as of 11 September 2026.

What is Panorama Studios International Ltd's market cap?

Panorama Studios International Ltd's market capitalisation is ₹1,401 Cr at a share price of ₹53.4. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Panorama Studios International Ltd's P/E ratio?

Panorama Studios International Ltd trades at a P/E of 58.0×, at the 89th 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 11 September 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 11 September 2026.

Is Panorama Studios International Ltd overvalued?

On its own history, Panorama Studios International Ltd looks expensive: its P/E of 58.0× sits at the 89th 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 11 September 2026.

Is Panorama Studios International Ltd growing?

Yes — Panorama Studios International Ltd is growing: latest-quarter revenue +34.6% year on year, profit +225.0%, and the margin +5.0 pp at 11.0%. The 7-year compound rates are 44.9% (revenue) and 25.8% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Panorama Studios International Ltd performing?

Panorama Studios International Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's revenue rose 34.6% and profit rose 225.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 12 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Panorama Studios International Ltd in?

Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −23.7% latest against +102.6% at its 12-quarter best), ROCE slipping at 9.0%. The read comes from the last 12 quarters of growth (revenue growth −23.7% latest, profit growth −53.7% latest, eps growth −47.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Panorama Studios International Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +14.8% versus its 200-day average and at 81% 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 11 September 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 12 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.2 years the stock moved +7,425% against the NIFTY 500's +233% — ahead of the index over the full window. — as of 11 September 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 ₹53.4, the price is in a confirmed uptrend 9 weeks in. Its P/E of 58.0× sits at the 89th percentile of its own 7-year range. — as of 11 September 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 11 September 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 11 September 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 11 September 2026.

What is Panorama Studios International Ltd's cash flow?

Panorama Studios International Ltd consumed ₹4.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹−7.0 Cr). Operating cash was negative while the company reported a profit of ₹10.0 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Panorama Studios International Ltd's profit real cash?

No — operating cash was negative over the last 3 fiscal years: Panorama Studios International Ltd consumed cash while reporting profit. In FY26, operating cash was ₹−4.0 Cr against reported profit of ₹10.0 Cr. Cash-flow resolution is annual — as of 11 September 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 11.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Panorama Studios International Ltd story?

The sharpest disagreement: profits are rising, but only −43% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. 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 11 September 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. +11.3% in a year against EPS −64.5% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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