Focus Lighting and Fixtures Limited (FOCUS)
₹55.91 -1.86% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Focus Lighting's revenue was ₹59.9 Cr (+44.4% year on year, +59.1% on the previous quarter), and net profit ₹2.6 Cr (+113.7% year on year); the operating margin was 10.2%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹59.9 | +44.4% | +59.1% |
| Operating profit | ₹6.1 | +58.9% | +404.6% |
| Net profit | ₹2.6 | +113.7% | from loss |
| EPS (₹) | 0.39 | +116.7% | from loss |
| Operating margin | 10.2% | — | — |
FOCUS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 85.52% of the FOCUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.25%. That is higher than usual for this stock. Turnover was only ₹19 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 83.6% · 67.1% · 81.5% · 71.0% · 85.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Focus Lighting and Fixtures Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Bigshare Services Private Limited on October 12, 2026, confirms no physical securities were received for dematerialisation during the quarter. Consequently, no certificates were mutilated or cancelled, and no depository substitutions occurred. This is a standard quarterly regulatory submission with no operational impact.
- Regulation 74(5) certificate submitted for the quarter ended September 30, 2026
- Registrar Bigshare Services Private Limited issued the certificate dated October 12, 2026
- Zero securities were received for dematerialisation up to September 30, 2026
- Face value of shares noted at Rs 2
Statutory auditor M/s Patwa and Shah has tendered its resignation from Focus Lighting and Fixtures Limited effective August 11, 2026. The firm was appointed on August 5, 2025, for a 5-year term scheduled to end at the FY30 AGM, completing only one year of its tenure. The resignation was attributed to pre-occupation and increased professional commitments, with no other material reasons or disagreements reported. The auditor completed the limited review report for the quarter ended June 30, 2026, before stepping down.
- Resignation of Statutory Auditor M/s Patwa and Shah took effect on August 11, 2026
- Auditor served only ~1 year of a 5-year term that was scheduled to end at the 25th AGM (FY30)
- Auditor confirmed completion of the Limited Review Report for Q1 ended June 30, 2026
- No material concerns, management-imposed limitations, or unresolved information requests reported
Statutory auditor M/s Patwa and Shah has tendered its resignation from Focus Lighting and Fixtures Limited effective August 11, 2026. The firm was appointed on August 5, 2025, for a 5-year term scheduled to end at the FY30 AGM, completing only one year of its tenure. The resignation was attributed to pre-occupation and increased professional commitments, with no other material reasons or disagreements reported. The auditor completed the limited review report for the quarter ended June 30, 2026, before stepping down.
- Resignation of Statutory Auditor M/s Patwa and Shah took effect on August 11, 2026
- Auditor served only ~1 year of a 5-year term that was scheduled to end at the 25th AGM (FY30)
- Auditor confirmed completion of the Limited Review Report for Q1 ended June 30, 2026
- No material concerns, management-imposed limitations, or unresolved information requests reported
Focus Lighting and Fixtures Limited disclosed the scrutinizer's report and voting results for its 21st Annual General Meeting held on September 16, 2026. All eight resolutions were approved by shareholders with 100% of valid votes cast in favour. Key items passed include the adoption of FY26 financial statements, the appointment of M/s. N. A. Shah Associates LLP as statutory auditors for 5 years, and revisions to managerial remuneration limits. A total of 3,92,87,670 valid votes were cast across ordinary business items from a shareholder base of 20,532 members.
- All 8 resolutions passed unanimously with 100% of cast votes in favour
- Statutory auditor M/s. N. A. Shah Associates LLP appointed for a term of 5 consecutive years
- Resolutions 4-8 concerning managerial remuneration revisions approved with 17,93,801 valid votes cast
- Total member count on record date (September 04, 2026) was 20,532 with 40 members attending the AGM
Focus Lighting and Fixtures Limited held its 21st Annual General Meeting on September 16, 2026. Key business items voted upon included the adoption of FY26 financial statements, the appointment of M/s. N. A. Shah Associates LLP as Statutory Auditors for 5 consecutive years, and the re-appointment of Managing Director Amit Vinod Sheth. Additionally, resolutions were proposed to increase managerial remuneration limits for key directors, despite FY26 net profit declining to Rs 5.07 Cr from Rs 15.16 Cr in FY25. Scrutinizer voting results under Regulation 44(3) will be submitted within two working days.
- Held 21st AGM on September 16, 2026, from 02:00 P.M. to 03:00 P.M. IST
- Proposed appointment of M/s. N. A. Shah Associates LLP as Statutory Auditors for a 5-year term
- Voted on 8 total resolutions, including special resolutions to raise managerial remuneration limits for promoter directors
- Scrutinizer's final voting report to be submitted to the stock exchange within 2 working days
Focus Lighting and Fixtures Limited has secured an order valued at approximately ₹5-10 crore from Ingka Centres India Private Limited. The scope includes manufacturing, supply, and delivery of LED lights and fixtures for large-scale commercial facilities. Relative to the company's TTM revenue of ₹188 crore, this single contract represents about 2.7% to 5.3% of annual sales. The announcement was filed as a revised press release to correct an entity name typo from a previous submission.
- Order value estimated at approximately Rs 5-10 crores
- Customer identified as Ingka Centres India Private Limited
- Scope covers manufacture, supply, and delivery of LED lights and fixtures
- Revised filing issued on September 12, 2026, correcting client entity name
Focus Lighting and Fixtures Limited has secured a commercial order valued between Rs 5 to 10 crores from Ingka Centres India Private Limited. The contract involves the manufacture, supply, and delivery of LED lights and fixtures. Execution is scheduled on an accelerated timeline, to be completed by December 2026. At the midpoint of Rs 7.5 crore, the order represents approximately 4.0% of the company's TTM revenue of Rs 188 crore.
- Order size ranges between Rs 5-10 crores
- Customer is Ingka Centres India Private Limited
- Scheduled completion date is December 2026
- Midpoint of the order (Rs 7.5 cr) equals ~4.0% of TTM revenue (Rs 188 cr)
Focus Lighting and Fixtures Limited has secured an order valued at approximately ₹5-10 crore from Ingka Centres Private Limited for the manufacture, supply, and delivery of LED lights and fixtures. Relative to the company's TTM revenue of ₹188 crore, the order represents a modest 2.7% to 5.3% contribution. The deal expands the company's presence in large-scale commercial and institutional lighting projects. Detailed delivery timelines were not disclosed in the press release.
- Secured lighting order valued at approximately Rs 5-10 crores from Ingka Centres Private Limited
- Scope covers manufacture, supply, and delivery of LED lights and fixtures according to client specifications
- Order size corresponds to approximately 2.7% to 5.3% of TTM revenue (Rs 188 Cr)
Focus Lighting and Fixtures Limited has secured a commercial order valued between ₹5 crore and ₹10 crore from Ingka Centres Private Limited. The contract entails the manufacture, supply, and delivery of LED lights and fixtures. This order represents approximately 2.7% to 5.3% of the company's TTM revenue of ₹188 crore. The contract is scheduled to be completed by December 2026.
- Commercial order valued in the range of Rs 5-10 crores awarded by Ingka Centres Private Limited
- Scope comprises manufacture, supply, and delivery of LED Lighting and Fixtures
- Scheduled execution and delivery completion by December 2026
- Contract represents roughly 2.7% to 5.3% of FY26/TTM revenue (Rs 187.8 Cr)
- Non-related party transaction awarded by a domestic commercial entity
Focus Lighting and Fixtures Limited has secured an order valued at approximately ₹10-17 crore from Larsen & Toubro Limited's Construction Division. The scope entails manufacturing and supplying street lighting poles for advanced infrastructure illumination across Northern India. At the midpoint of ₹13.5 crore, this order represents about 7.2% of the company's FY26 TTM revenue of ₹188 crore. The contract enhances the company's institutional infrastructure presence amid declining profit margins over recent fiscal years.
- Order secured from Larsen & Toubro Limited, Construction Division
- Contract value estimated at approximately ₹10-17 crores
- Scope covers manufacturing and supplying street lighting poles across Northern India
- Midpoint order value (~₹13.5 cr) represents ~7.2% of FY26 TTM revenue (₹188 cr)
Focus Lighting and Fixtures has secured a domestic infrastructure order from Larsen & Toubro Limited, Construction Division. The contract entails manufacturing and supplying lighting systems for street lighting poles across Northern India, valued between ₹10 crore and ₹17 crore. The order size represents approximately 5.3% to 9.1% of the company's TTM revenue of ₹188 crore. Execution is scheduled to take place immediately without any related-party interest.
- Order size valued in the range of Rs.10-17 crores
- Awarded by Larsen & Toubro Limited, Construction Division
- Scope covers manufacturing and supply of street lighting poles across Northern India
- Execution timeline stated as scheduled to be executed immediately
- Represents ~5.3% to 9.1% of TTM revenue (Rs 188 Cr)
Focus Lighting and Fixtures Limited has dispatched physical letters containing web links and QR codes for its 21st Annual Report (FY 2025-26) to shareholders with unregistered email addresses. The company's 21st Annual General Meeting is scheduled to be held on Wednesday, September 16, 2026, at 02:00 PM IST. The cut-off date to determine voting rights is Friday, September 04, 2026, with remote e-voting running from September 13 to September 15, 2026.
- 21st Annual General Meeting scheduled for Wednesday, September 16, 2026 at 02:00 PM IST
- Cut-off date for reckoning voting rights fixed as Friday, September 04, 2026
- Remote e-voting window runs from September 13, 2026 (09:00 AM IST) to September 15, 2026 (05:00 PM IST)
- Physical intimation letters sent under SEBI LODR Regulation 36(1)(b) for annual report access
Focus Lighting and Fixtures Limited has announced Friday, September 04, 2026, as the cut-off date (record date) to determine member eligibility for voting at its 21st Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 16, 2026, at 02:00 PM in Mumbai. The filing is a standard statutory compliance under Regulation 42 of SEBI LODR Regulations.
- Cut-off/Record date fixed as September 04, 2026
- 21st Annual General Meeting scheduled for September 16, 2026, at 02:00 PM
- Meeting to be held at Prabhadevi West, Mumbai
- Determines eligibility for remote e-voting and ballot paper voting
Focus Lighting and Fixtures Limited has submitted its Annual Report for FY 2025-26 along with the Notice convening its 21st Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 16, 2026, at 02:00 PM IST at the company's office in Mumbai. The company confirmed the dispatch of notice and report links via email and physical letters on August 21, 2026.
- 21st Annual General Meeting scheduled for September 16, 2026, at 02:00 PM IST
- Annual Report for FY 2025-26 submitted under Regulation 34 of SEBI LODR Regulations
- Notice and web links dispatched to shareholders on August 21, 2026
- Meeting venue fixed at Unit No. 1202, A Wing, Naman Midtown, Prabhadevi West, Mumbai
Focus Lighting and Fixtures Limited announced the successful completion of its lighting project at Kankaria Lake, Ahmedabad, awarded by the Ahmedabad Municipal Corporation (AMC). The project was originally awarded and announced on November 27, 2025. Although the exact contract value for this project was not disclosed in the press release, successful execution reinforces the company's track record in public infrastructure lighting against its TTM revenue base of ₹188 Cr.
- Successfully completed landmark public lighting project at Kankaria Lake, Ahmedabad
- Project was awarded by Ahmedabad Municipal Corporation (AMC) and originally announced on November 27, 2025
- Specific contract value and financial details were not disclosed in the filing
Financial Performance
Revenue Growth by Segment
Manufacturing revenue grew 2.38% from INR 112.92 Cr to INR 115.61 Cr, while Trading revenue declined 10.12% from INR 42.67 Cr to INR 38.35 Cr in FY25. The shift reflects a strategic focus on in-house production over third-party trading.
Profitability Margins
PAT margin improved from 7.27% in FY24 to 9.33% in FY25. Management targets a long-term bottomline margin of 15% to 16% through the introduction of high-margin new products and operational efficiencies.
EBITDA Margin
Not explicitly disclosed, but PAT increased 27.04% YoY to INR 14.37 Cr despite a 1.05% decline in total revenue (INR 153.96 Cr vs INR 155.59 Cr), indicating improved core profitability.
Operational Drivers
Raw Materials
LED components, drivers, and fixtures. These represent the primary input costs for the manufacturing segment, which now accounts for 75% of total revenue.
Raw Material Costs
Not disclosed as a specific percentage, but management notes that new product designs are being used to offset pricing pressure and improve gross margins.
Manufacturing Efficiency
Manufacturing revenue contribution increased to 75% of total revenue in FY25, up from 72.5% in FY24, indicating a successful transition to a manufacturing-led model.
Strategic Growth
Expected Growth Rate
15-16%
Growth Strategy
Growth is driven by the execution of large-scale infrastructure projects for the Tourism Department and Municipal Corporations, with individual project sizes ranging from INR 10 Cr to INR 40 Cr. The company is also expanding its reach through channel partners and local lighting consultants.
Products & Services
LED lighting fixtures, retail lighting solutions, and infrastructure lighting projects including Operation and Maintenance (O&M) services.
Brand Portfolio
Focus Lighting
New Products/Services
New LED products are being launched to improve gross margins and counter the commoditization of core lighting products.
Market Expansion
Targeting large-scale government and municipal infrastructure projects and increasing market penetration through interior designers and lighting consultants.
Strategic Alliances
Partnerships with local interior designers and lighting consultants to increase reach in the retail and commercial verticals.
External Factors
Industry Trends
The LED industry is experiencing rapid commoditization and pricing pressure. The company is positioning itself by moving into specialized infrastructure and high-end retail lighting.
Competitive Landscape
Intense competition from both domestic and international players leading to aggressive pricing strategies across the industry.
Competitive Moat
Moat is built on specialized project execution capabilities and a strong design-led product portfolio, which are harder to commoditize than standard LED bulbs.
Consumer Behavior
Increasing demand for energy-efficient smart lighting and specialized aesthetic lighting in retail and public infrastructure.
Regulatory & Governance
Industry Regulations
Compliance with evolving regulatory frameworks and regional/international standards for LED lighting is required to maintain market access and avoid penalties.
Legal Contingencies
The company has disclosed the impact of pending litigations on its financial position in Note 1.18 of the Standalone Financial Statements; specific case values were not provided.
Risk Analysis
Key Uncertainties
Revenue recognition timing is highly dependent on hitting project milestones in the infrastructure segment. Pricing pressure from competitors could impact the 15-16% bottomline target.
Third Party Dependencies
Dependency on channel partners for retail vertical growth and government bodies for infrastructure project approvals.
Technology Obsolescence Risk
High risk due to the rapid evolution of LED technology; requires continuous investment in product upgrades to remain competitive.
Credit & Counterparty Risk
Infrastructure projects involve retention money (5-10%) held for one year and O&M payments spread over five years, impacting cash flow cycles.
