539469

Panorama Studios share price & financials

Price
₹50.1
Market cap
₹1.4k Cr
Sector
Media, Entertainment & Publication

What Panorama Studios does

Panorama Studios International Limited produces and distributes Hindi feature films and has been extending into regional-language cinema, including Marathi (Phullvanti) and Malayalam (Daveed), through production and co-production deals. It earns through theatrical distribution rights (pan-India and regional-circuit releases), line-production arrangements, and content/music monetisation via group entities such as Panorama Music Pvt. Ltd. During FY2024-25 the company also took a minority equity stake in a multiplex chain, extending its footprint into cinema exhibition alongside its core production and distribution business.

Segments

  • Film Production
  • Film Distribution
  • Film Exhibition
Business verticals
Film production, distribution and exhibition
Multiplex exhibition stake
10% equity stake in NY Cinemas LLP, a 30-screen multiplex chain across India
Office network
Registered office in Mumbai plus branch offices in Delhi, Punjab (Jalandhar) and Indore
Corporate real estate
Owns its corporate office premises in Mumbai, acquired in FY2024-25
Group structure
Integrated group spanning production, distribution and music through Panorama Studios Pvt. Ltd., Panorama Studios Inflight LLP and Panorama Music Pvt. Ltd. / Panorama Music Regional Pvt. Ltd.
Regional-language footprint
Active in Marathi and Malayalam cinema alongside core Hindi film production
Founded 1980Headquarters Andheri (West), Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue up 34.3%, net profit up 114.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue78 32 204 134 76 −3%27 −16%61 −70%180 +34%
EBITDA9 5 36 10 7 −22%3 −40%16 −56%21 +110%
Net profit7 3 25 7 3 −57%1 −67%11 −56%15 +114%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −68.0% 1Y

₹50₹100₹150₹200Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹167.15 on 10 Sept 2025 → ₹53.43. High ₹204.85 (13 Oct 2025), low ₹32.38 (30 Mar 2026).

Financials, as filed

Revenue fell 6.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.1%.

Year endingFY23FY24FY25FY26
Revenue₹363 Cr₹404 Cr₹349 Cr₹298 Cr
Operating profit₹57 Cr₹59 Cr₹56 Cr₹36 Cr
Operating margin15.7%14.6%16.0%12.1%
Interest₹6 Cr₹8 Cr₹6 Cr₹8 Cr
Depreciation₹1 Cr₹0 Cr₹2 Cr₹5 Cr
Net profit₹41 Cr₹42 Cr₹40 Cr₹22 Cr
Net margin11.2%10.4%11.5%7.4%
Cash from operations₹35 Cr₹-30 Cr₹-16 Cr₹0 Cr
Free cash flow₹34 Cr₹-33 Cr₹-58 Cr₹0 Cr
ROCE78.0%58.0%30.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹8 Cr₹12 Cr₹12 Cr₹13 Cr₹15 Cr₹52 Cr
Reserves₹3 Cr₹4 Cr₹44 Cr₹120 Cr₹197 Cr₹173 Cr
Borrowings₹3 Cr₹52 Cr₹20 Cr₹11 Cr₹84 Cr₹96 Cr
Other liabilities₹16 Cr₹58 Cr₹100 Cr₹244 Cr₹282 Cr₹467 Cr
Total liabilities₹29 Cr₹127 Cr₹176 Cr₹389 Cr₹578 Cr₹787 Cr
Fixed assets₹0 Cr₹2 Cr₹2 Cr₹5 Cr₹48 Cr₹46 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹3 Cr₹3 Cr₹4 Cr₹4 Cr₹1 Cr₹5 Cr
Other assets₹26 Cr₹122 Cr₹169 Cr₹380 Cr₹530 Cr₹736 Cr
Total assets₹29 Cr₹127 Cr₹176 Cr₹389 Cr₹578 Cr₹787 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +1.65 pp while FIIs trimmed −1.06 pp. The shareholder count grew 28% to 6,316.

Promoters
66.6%
FIIs
0.3%
DIIs
0.1%
Public
33.0%

Since Jun 2025

  • Promoters +1.65 pp
  • FIIs −1.06 pp
  • Public −0.49 pp

How it drifted, 12 quarters

Over this window promoters fell from 73.2% to 66.6% — −6.6 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.2%, Public 26.8%.Dec '23: Promoters 73.2%, Public 26.8%.Mar '24: Promoters 68.3%, Public 31.7%.Jun '24: Promoters 67.2%, Public 32.8%.Sep '24: Promoters 67.2%, Public 32.9%.Dec '24: Promoters 65.0%, FIIs 0.8%, DIIs 0.2%, Public 34.0%.Mar '25: Promoters 65.0%, FIIs 1.5%, DIIs 0.2%, Public 33.4%.Jun '25: Promoters 65.0%, FIIs 1.4%, DIIs 0.2%, Public 33.5%.Sep '25: Promoters 65.0%, FIIs 0.5%, DIIs 0.2%, Public 34.4%.Dec '25: Promoters 66.6%, FIIs 0.5%, DIIs 0.2%, Public 32.8%.Mar '26: Promoters 66.6%, FIIs 0.5%, DIIs 0.2%, Public 32.8%.Jun '26: Promoters 66.6%, FIIs 0.3%, DIIs 0.1%, Public 33.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Panorama Studios above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Kumar Mangat Rajaram Pathak 35.27%unchanged
Abhishek Pathak 25.40%unchanged
Anamika Pathak 2.02%unchanged
Anand Kamalnayan Pandit 1.85%unchanged
Ajay Devgan 1.34%unchanged
Neelam Kumarmangat Pathak 1.34%unchanged
Intellect Heights Private Limited 1.12%unchanged
S V Swaroop Reddy 1.01%unchanged
Raghav Sachar 1.01%unchanged
Sanjeev Joshi 1.01%unchanged
Shivaleeka Oberoi Pathak 0.34%unchanged
Murlidhar Kishinchand Chhatwani 0.24%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Panorama Studios

Guides on how to read this kind of business and the numbers that matter.