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Sunshine Pictures Ltd (SUNSHINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544881 NSE: SUNSHINE Film Production, Distribution & Entertainment | Small Cap | Sunshine Pictures Share Price

₹456.40 26.95 (6.28%)

As on 31-Aug'26 16:59

Sunshine Pictures Ltd (SUNSHINE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544881 NSE: SUNSHINE Film Production, Distribution & Entertainment | Small Cap | Sunshine Pictures Share Price

₹456.40 26.95 (6.28%)

As on 31-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,338 Cr.
Current Price
₹456.4
52-Week Low / High
₹363 / 456
TTM EPS
₹12.9
TTM Sales
₹74.4 Cr.
Book Value per Share
₹102.1
P/E Ratio
33.42
Higher than its 5-year historical median
Industry PE
34.4
Price to Book (P/B)
4.21
Higher than its 5-year historical median
Price to Sales (P/S)
17.97
Higher than its 5-year historical median
EV/EBITDA
22.87
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
32.03%
In line with industry median
Return on Capital Employed (ROCE)
41.33%
Outperforms industry median
Return on Assets (ROA)
24.76%
Operating Profit Margin
76.6%
Net Profit Margin
53.77%
Gross Profit Margin
76.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-27.96%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
16.75%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.08%
Asset Quality
Promoter Holding
0.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹287 Cr.
Equity
₹31.2 Cr.
Face Value
₹10
All Time Low / High
₹363.35 / 441.35

Sunshine Pictures stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Sunshine Pictures Ltd a good quality company?
Sunshine Pictures Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sunshine Pictures Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sunshine Pictures Ltd vs industry peers?
Sunshine Pictures Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Sunshine Pictures Ltd?
Promoters hold 0.00% of the Sunshine Pictures Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sunshine Pictures Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sunshine Pictures Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 60.3%11.1%117.9%48%41.3%-
Value Creation
Index
3.3-0.27.42.42.0-

Growth Parameters

Sales 87.126.513410374.474
Sales YoY Gr.--69.6%404.7%-22.8%-28%-
Adj EPS 3.70.718.812.915.212.9
YoY Gr.--80.8%2545.1%-31.3%17.7%-
BVPS (₹) 8.49.126.539.855.1102.1
Adj Net
Profit
11.12.149.5344040
Cash Flow from Ops. -4.6-531.641.2-33.2-
Debt/CF from Ops. 0-1.30.50.3-0.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA41.1%-28%
Adj EPS NANA177.6%17.7%
BVPSNANA82.4%38.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
44.28.1102393216.4
Op. Profit
Mgn %
17.615.350.447.376.6NAN
Net Profit
Mgn %
12.883732.953.853.8
Debt to
Equity
00.20.20.10.1-
Working Cap
Days
02151202475680
Cash Conv.
Cycle
0117371094430

Valuation of Sunshine Pictures - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Sales872713410374
Operating Expenses + 7222665417
Manufacturing Costs3530705165
Material Costs34-12-80-51
Employee Cost 00012
Other Costs 33422
Operating Profit 154674957
Operating Profit Margin (%) 17.6%15.3%50.4%47.3%76.6%
Other Income + 00622
Exceptional Items 0000-0
Interest 00122
Depreciation 01233
Profit Before Tax 153704754
Tax 41181214
Profit After Tax 112523540
PAT Margin (%) 12.8%8.7%39.2%34.0%53.8%
Adjusted EPS (₹)3.70.819.913.315.2
Dividend Payout Ratio (%)0%0%0.10%0%0%
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 252770105145
Share Capital 0002626
Reserves 25277078119
Debt +0617119
Long Term Debt00022
Short Term Debt061787
Minority Interest00000
Trade Payables24757
Others Liabilities 02201923
Total Liabilities 2739114139184

Fixed Assets

Net Fixed Assets +1010121311
Gross Block1112172021
Accumulated Depreciation124710
CWIP 261300
Investments 2220260
Inventories516242475
Trade Receivables1082867
Cash Equivalents 401120
Others Assets 45343631
Total Assets 2739114139184
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -5-53241-33
PBT 153704754
Adjustment 01-154
Changes in Working Capital -17-9-21-2-83
Tax Paid -4-1-17-9-9
Cash Flow From Investing Activity + -8-4-30-2426
Capex -12-5-11-18-0
Net Investments 4-0-17-726
Others 01-221
Cash Flow From Financing Activity + -06-1-7-4
Net Proceeds from Shares 00000
Net Proceeds from Borrowing 00000
Interest Paid -0-0-1-2-2
Dividend Paid 00-000
Others 060-6-2
Net Cash Flow -13-3110-11
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)44.188.81108.1240.232.03
ROCE (%)60.3311.05117.9347.9941.33
Asset Turnover Ratio3.250.81.750.820.46
PAT to CFO Conversion(x)-0.45-2.50.621.17-0.83
Working Capital Days
Receivable Days2.70021.7064.20232.70
Inventory Days20.30146.4055.6085.50243.10
Payable Days17.10-93.30-268.609,241.20-44

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Announcements

Sunshine Pictures Ltd FAQs

The current trading price of Sunshine Pictures on 31-Aug-2026 16:59 is ₹456.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Aug-2026 the market cap of Sunshine Pictures stood at ₹1,337.7 Cr

The latest P/E ratio of Sunshine Pictures as of 30-Aug-2026 is 33.42.

The latest P/B ratio of Sunshine Pictures as of 30-Aug-2026 is 4.21.

The 52-week high of Sunshine Pictures is ₹456.4 and the 52-week low is ₹363.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sunshine Pictures is ₹74.44 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sunshine Pictures Ltd is a average quality company.

The key valuation ratios of Sunshine Pictures Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sunshine Pictures Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Sunshine Pictures Ltd

Sunshine Pictures was originally incorporated as ‘Energetic Films Private Limited’ on July 14, 2007. Subsequently, the company changed its name from ‘Energetic Films Private Limited’ to ‘Sunshine Pictures Private Limited’ pursuant to a fresh certificate of incorporation dated March 15, 2010. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by its shareholders at an extraordinary general meeting held on August 14, 2024 and a fresh certificate of incorporation dated September 27, 2024 was issued by the Registrar of Companies, Central Processing Center, recording the change in the name of the company to ‘Sunshine Pictures Limited’.

It is a production-house engaged in the business of originating, creating, developing, producing, marketing and distribution of films, TV serials and web series (Projects). Since its incorporation, it has produced various prominent works in modern Indian cinema. Its debut production ‘Force’, under its banner was a box office hit. Since then, it has produced and distributed prominent, commercial and socially relevant films such as ‘Commando: A One-Man Army’, ‘Holiday: A soldier is never off duty’, ‘Force 2’, ‘Commando 2: The black money trail’, ‘The Kerala Story’, etc. Its production, ‘The Kerala Story’ emerged as the highest return-on-investment blockbuster in 2023, reflecting the company’s ability to balance commercial appeal with critical acclaim.

It is a technology-driven content creator and specializes in multi-formats commercial films, emphasizing innovation in storytelling and production techniques. As its business process, it engages in research & development of scripts, end-to-end production of content, intellectual property creation, monetization of rights and distribution. Its proven track record of producing high-quality and commercially successful content has earned its credibility and repeat collaborations with major industry players. It strives to continuously deliver high-quality multi-faceted content to the industry and its audience at large, as well as promote newcomers, actors, composers, directors and others who have the potential to contribute to the Indian film industry. A major portion of its revenue depends upon the box office success of its films and streaming deals with OTT platforms. Its revenue from operations includes revenue from; i) production and distribution of films and associated rights; ii) production and distribution of OTT/TV Serials and associated rights; and iii) other income comprising of income from music rights exploitation, talent management, social media platforms such as Youtube, Instagram and music label. 

Business area of the company

The company is in the business of originating, creating, developing, producing and marketing motion pictures and audio-visual content. It does this in a manner that maximizes the monetization potential of an individual film while keeping the costs under control across the film production value chain, thereby reducing the commercial risk and optimizing its profit.

Awards and recognitions

  • 2014 - 2015: The company’s project, Holiday: A Soldier Is Never Off Duty (film) won the Most Entertaining Action Film award at the BIG Star Entertainment Awards, India and was also inducted into the Hall of fame at the Apsara Film Producers Guild Awards. 
  • 2023: The company’s project, Humans (Web series) received the Most Popular Web Series award at the Bollywood Life Awards.

History and milestones

  • 2007: Incorporated as ‘Energetic Films Private Limited’.
  • 2010: The name of the company was changed to Sunshine Pictures Private Limited.
  • 2010: Company acquired its 1st project ‘Action Replayy’ and for distribution.
  • 2011: The company produced Force (film).
  • 2013: The company co-produced Commando: One man army (film).
  • 2022: The company forayed into the OTT Platform segment by producing Humans (Web series) which was one of the most watched web series on its platform in 2022. 
  • 2023: The company produced The Kerala Story (film).
  • 2024: Conversion of the company from a private limited company to a public limited company.
  • 2025: Launch of its verticles Sunshine Music and Sunshine Digital (Originals).
  • 2026: The company produced The Kerala Story 2: Goes Beyond (film).

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