Panorama Studios produces, distributes, and exhibits films within consumer discretionary entertainment. The ₹1,236 crore market-cap company's revenue and profitability are highly cyclical, project-dependent on film releases and distribution deals. Ownership is concentrated (promoter 66.61%), with minimal institutional participation (FII 0.29%, DII 0.11%).
Profitability volatile: operating margin -16.62% (Dec 2019) to +54.59% (Mar 2020), then 7% in later quarters. Verify cost structure and hit-rate dependency.
PE 1,144.75 extreme, reflecting near-zero recent trailing earnings. Valuation leaves minimal margin of safety.
Institutional shareholding negligible (FII 0.29%, DII 0.11%). Verify reasons for lack of institutional interest.
Generated analysis · source review pending
Growth drivers
Mar 2020 OPM of 54.59% vs. later quarters at 7% or negative shows margin recovery potential; if consistent profitable releases occur, earnings could improve sharply. Verify pipeline and recent results.
D/E 0.24 is low, providing financial flexibility for production financing or M&A. Verify capital allocation strategy.
Company operates across production, distribution, and exhibition; sector recovery in theatrical exhibition would benefit the value chain. Verify exposure split and streaming strategy.
Generated analysis · source review pending
556 historical price candles were omitted because the exchange source has not been verified.
₹60.9+5.4%1Y
Quick read
rule-based
Pros
+Strong return on equity of 38.8% (3-yr avg)
+High return on capital employed of 53.7%
+Profit CAGR of 228.3% over the last 3 years
+Revenue CAGR of 79.3% over the last 3 years
+High promoter holding of 66.6% with no pledge
Cons
−Expensive at 1469.2× trailing earnings
−Trading at 11.8× book value
Research score
Structured signal from quality, growth, valuation and momentum.
59/100
Business quality
70
Growth
100
Revenue & net profit
₹ crore, by fiscal year
RevenuePAT
Margins
% of revenue, by fiscal year
OPMPAT margin
Peers
Comparable companies from the narrowest available industry classification.
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Financials
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Ratios
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Shareholding
Quarterly ownership, named holders, insider transactions and disclosed deals.
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F&O
Current futures and options contracts with compact option-chain pages.
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Fund holders
Mutual-fund schemes that disclosed a holding in the company.
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Documents
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Events
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Announcements
Latest exchange announcements, filings and downloadable documents.
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Promoter holding down 6.63 percentage points since Sep 2023.
7 deals · 10 Mar 2023 – 13 Dec 2024
Date
Client
Type
Venue
Side
Quantity
Price
Value
13 Dec 2024
LEADING LIGHT FUND VCC - THE TRIUMPH FUND
Bulk
BSE
Buy
5,00,000
₹229.96
₹11.50 Cr
21 Feb 2024
SAMEER MAGAN BHUJBAL
Bulk
BSE
Buy
71,350
₹693.33
₹4.95 Cr
19 Feb 2024
ADITYA CHOWKSEY
Bulk
BSE
Sell
84,500
₹675.45
₹5.71 Cr
19 Feb 2024
RAVINDRA APPA AUTI
Bulk
BSE
Sell
68,000
₹675.09
₹4.59 Cr
19 Feb 2024
SANTOSH APPA AUTI
Bulk
BSE
Sell
65,000
₹675.18
₹4.39 Cr
8 Feb 2024
BALGOPAL COMMERCIAL LIMITED
Bulk
BSE
Sell
1,28,000
₹671.33
₹8.59 Cr
10 Mar 2023
KUMARMANGAT RAJARAM PATHAK
Bulk
BSE
Buy
1,32,000
₹93.50
₹1.23 Cr
1–7 of 7
1 / 1
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. KUMAR MANGAT RAJARAM PATHAKExecutive Director-Chairperson-MD
Mr. ABHISHEK KUMAR MANGAT PATHAKExecutive Director
Mr. SANJEEV JOSHIExecutive Director
Mr. SANDEEP KUMAR SAHUNon-Executive - Non Independent Director
Ravindra Appa AutiChief Financial Officer
Mr. Vinesh Keshrimal ShahNon-Executive - Non Independent Director
Mrs. REKHA AGARWALNon-Executive - Non Independent Director
Mr. Yatin Vilas ChaphekarCompany Secretary & Compliance Officer
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
Not in the F&O segment
Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.
No fund holdings on record
No scheme among the 32 fund houses on record reported a position in Panorama Studios International Ltd. Portfolios are published monthly by each AMC; coverage is still partial.
The Exchange has sought clarification from Panorama Studios International Ltd on September 28, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated September 28, ....28 Sept 2026 · Clarification
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 PDF
26 Aug 2026, 5:15 pmCompany Update
Panorama Studios International Has Executed A Distribution Agreement With CULT DIGITAL NX And PRAKASH FILMS INDIA PRIVATE LIMITED, For The Exploitation Of Theatrical And Non Theatrical Rights For The Entire World For Perpetuity, Including India Of The Marathi Feature Film Titled 'TUJHYA AAILA"
Panorama Studios International Has Executed A Distribution Agreement With JAASVAND ENTERTAINMENTS PVT LTD And STORYWALLA FILM, For The Exploitation Of Theatrical And Non Theatrical Rights For The Entire World Including India For Perpetuity, Of The Marathi Feature Film Titled 'Kapuskonda"
Update Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 In Relation To Earlier Disclosure Of Cybersecurity Incident At Third-Party Service Provide
Panorama Studios Inflight LLP Subsidiary Of Panorama Studios International Limited Has Executed An Agreement With 2341081 ONTARIO INC To Exploit The Airborne Rights (On An Exclusive Basis) For The Entire World Including India Of The Telegu Film Titled 'Hrudayam'"
Panorama Studios International Has Executed A Distribution Agreement With CULT DIGITAL NX And PRAKASH FILMS INDIA PRIVATE LIMITED, For The Exploitation Of Theatrical And Non Theatrical Rights For The Entire World For Perpetuity, Including India Of The Marathi Feature Film Titled 'TUJHYA AAILA"
Panorama Studios International Has Executed A Distribution Agreement With JAASVAND ENTERTAINMENTS PVT LTD And STORYWALLA FILM, For The Exploitation Of Theatrical And Non Theatrical Rights For The Entire World Including India For Perpetuity, Of The Marathi Feature Film Titled 'Kapuskonda"
Update Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 In Relation To Earlier Disclosure Of Cybersecurity Incident At Third-Party Service Provide
Panorama Studios Inflight LLP Subsidiary Of Panorama Studios International Limited Has Executed An Agreement With 2341081 ONTARIO INC To Exploit The Airborne Rights (On An Exclusive Basis) For The Entire World Including India Of The Telegu Film Titled 'Hrudayam'"