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Photoquip (India) Ltd (526588)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526588 NSE: Trading | Small Cap | Photoquip India Share Price

₹14 0.00 (0.00%)

As on 04-Jun'26 16:59

Photoquip (India) Ltd (526588)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526588 NSE: Trading | Small Cap | Photoquip India Share Price

₹14 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹8 Cr.
Current Price
₹14
52-Week Low / High
₹11 / 21
TTM EPS
₹-1.4
TTM Sales
₹14.5 Cr.
Book Value per Share
₹11.8
P/E Ratio
0.00
Industry PE
36
Price to Book (P/B)
1.18
In line with its 5-year historical median
Price to Sales (P/S)
0.58
Lower than its 5-year historical median
EV/EBITDA
18.39
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-11.25%
Underperforms industry median
Return on Capital Employed (ROCE)
1.61%
Underperforms industry median
Return on Assets (ROA)
-4.31%
Operating Profit Margin
-0.7%
Net Profit Margin
-5.82%
Gross Profit Margin
-0.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-15.58%
Operating Profit Growth (1 Year)
-
-108.4%
Net Profit Growth (1 Year)
-
-347.06%
Asset Quality
Promoter Holding
46.80%
Pledged shares (%) of Promoter's holding (%)
0.07%
Reserves
₹1 Cr.
Equity
₹6 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 58.90

Photoquip (India) stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Photoquip (India) Ltd a good quality company?
Photoquip (India) Ltd is a quality company, based on a 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 Photoquip (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Photoquip (India) Ltd vs industry peers?
Photoquip (India) Ltd revenue CAGR is -8.95%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Photoquip (India) Ltd?
Promoters hold 46.80% of the Photoquip (India) Ltd, with 0.07% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Photoquip (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -4.7% 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.
Photoquip (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % -2%2.5%2.9%-2.5%0.1%-3.5%-10.7%-4.4%8.6%1.6%-
Value Creation
Index
-1.1-0.8-0.8-1.2-1.0-1.3-1.8-1.3-0.4-0.9-

Growth Parameters

Sales 47.742.83827.411.412.411.616.217.114.514
Sales YoY Gr.--10.2%-11.4%-27.9%-58.6%9.3%-6.5%39.3%6%-15.6%-
Adj EPS -3.8-1.8-3-6-6.5-4.9-8.6-3.80.5-1.5-1.4
YoY Gr.-NANANANANANANANA-375.9%-
BVPS (₹) 43.44239.233.62924.215.612.813.111.811.8
Adj Net
Profit
-1.8-0.9-1.5-2.9-3.1-2.4-4.1-2.30.3-0.9-1
Cash Flow from Ops. 3.12.42.71.8-1.11.90.7-0.40.6-4.4-
Debt/CF from Ops. 3.74.43.85.6-10.85.315.9-2314.4-3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -12.4%5%7.6%-15.6%
Adj EPS NANANA-375.9%
BVPS-13.4%-16.4%-8.8%-9.8%
Share Price -3.5% 9.5% -14.5% -17.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-8.4-4.2-7.5-16.6-20.7-18.5-43.1-29.74.1-11.8-11.8
Op. Profit
Mgn %
-0.72.23.3-2.5-25.3-3-15.2-3.27.6-0.7-0.7
Net Profit
Mgn %
-3.9-2-3.9-10.6-27.4-19-35.4-13.91.9-6.2-5.8
Debt to
Equity
0.60.50.50.60.80.91.41.21.11.91.5
Working Cap
Days
23023323530052631624918418925683
Cash Conv.
Cycle
2-12-6-199141135977911845

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales47.6742.8337.9627.3911.3512.4111.6116.1717.1414.47
Operating Expenses + 4841.8936.7228.0614.2212.7813.3816.6815.8414.58
Manufacturing Costs0.210.350.200.240.140.030.010.020.160.09
Material Costs40.1433.2928.1020.299.729.879.8413.4612.0710.07
Employee Cost 4.464.294.263.551.141.091.271.161.111.24
Other Costs 3.193.964.173.983.221.792.252.042.503.18
Operating Profit -0.340.941.24-0.67-2.87-0.37-1.77-0.511.31-0.11
Operating Profit Margin (%) -0.7%2.2%3.3%-2.5%-25.3%-3.0%-15.2%-3.2%7.6%-0.7%
Other Income + 0.360.640.330.922.450.250.320.330.951.26
Exceptional Items 0-0.08001.2600000
Interest 1.881.821.441.551.441.271.110.960.961.26
Depreciation 0.700.730.720.940.810.690.680.580.800.85
Profit Before Tax -2.55-1.06-0.60-2.24-1.41-2.09-3.24-1.730.50-0.96
Tax -0.81-0.420.750.470.780.260.870.500.16-0.12
Profit After Tax -1.74-0.64-1.34-2.71-2.19-2.34-4.10-2.230.34-0.84
PAT Margin (%) -3.7%-1.5%-3.5%-9.9%-19.3%-18.9%-35.4%-13.8%2.0%-5.8%
Adjusted EPS (₹)-3.6-1.3-2.8-5.7-4.6-4.9-8.6-3.70.6-1.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Photoquip India - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 20.8320.1718.8316.1313.9411.597.497.698.037.18
Share Capital 4.804.804.804.804.804.804.80666
Reserves 16.0215.3714.0311.339.146.792.691.692.031.18
Debt +9.619.969.569.9810.889.5710.108.767.9612.56
Long Term Debt0.044.804.674.415.154.714.835.554.6810.98
Short Term Debt9.575.164.905.585.734.865.283.203.281.57
Minority Interest0000000000
Trade Payables12.369.709.159.591.501.020.7241.761.55
Others Liabilities -1.44-2.77-1.63-1.09-2.13-2.21-1.40-0.850.21-0.14
Total Liabilities 41.3637.0535.9134.6124.1919.9716.9119.5917.9521.15

Fixed Assets

Net Fixed Assets +11.0111.2811.1512.4510.64109.348.827.897.11
Gross Block18.6619.5719.8422.0820.9621.0220.5120.5719.3219.32
Accumulated Depreciation7.648.308.699.6310.3211.0211.1711.7511.4312.21
CWIP 0000000000
Investments 0.060.060.060.070.050.090.090.090.090.09
Inventories9.599.129.019.535.905.224.215.482.891.94
Trade Receivables0.931.070.470.810.670.740.383.093.824.41
Cash Equivalents 0.040.130.481.311.150.380.840.800.760.58
Others Assets 19.7215.4014.7310.445.773.542.061.312.487.02
Total Assets 41.3637.0535.9134.6124.1919.9716.9119.5917.9521.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3.062.362.651.84-1.051.880.67-0.410.61-4.43
PBT -2.55-1.06-0.60-2.24-1.41-2.09-3.24-1.730.50-0.96
Adjustment 2.351.692.092.231.232.491.951.331.021.14
Changes in Working Capital 3.891.750.992.24-0.861.441.95-0.01-0.84-4.57
Tax Paid -0.62-0.030.16-0.39-00.0400-0.07-0.04
Cash Flow From Investing Activity + 0.03-0.80-0.46-0.671.490.780.280.110.581.15
Capex -0.06-0.90-0.61-0.011.37-0.06-0.02-0.06-0.15-0
Net Investments 000-0.010.02-0.040000
Others 0.090.110.16-0.650.090.880.300.170.731.15
Cash Flow From Financing Activity + -3.61-1.48-1.84-1.31-0.67-2.69-0.500.24-1.253.07
Net Proceeds from Shares 00000002.4300
Net Proceeds from Borrowing -1.485.06-0.13-0.260.74-0.440.120.73-0.616.30
Interest Paid -1.88-1.82-1.44-1.44-1.41-1.26-1.10-0.96-0.96-1.26
Dividend Paid 0000000000
Others -0.25-4.72-0.260.39-0.01-10.49-1.950.32-1.97
Net Cash Flow -0.520.080.36-0.14-0.23-0.030.45-0.06-0.06-0.21

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-7.98-3.12-6.89-15.51-14.58-18.36-43-29.44.38-11.25
ROCE (%)-1.962.452.86-2.50.11-3.49-10.73-4.388.621.61
Asset Turnover Ratio1.141.111.060.780.390.570.640.90.920.74
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/A1.79N/A
Working Capital Days
Receivable Days228.407.308.5023.5020.5017.3038.7073.40103.80
Inventory Days63.1078.2085.60123.50244.90160.80145.20108.2088.9061
Payable Days102.20120.90122.50168.50208.2046.5032.20648760

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.580.070.070.070.07
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Photoquip (India) Ltd FAQs

The current trading price of Photoquip India on 04-Jun-2026 16:59 is ₹14.00.

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 03-Jun-2026 the market cap of Photoquip India stood at ₹8.40 Cr

The latest P/E ratio of Photoquip India as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Photoquip India as of 03-Jun-2026 is 1.18.

The 52-week high of Photoquip India is ₹20.65 and the 52-week low is ₹11.05.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Photoquip India is ₹14.47 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Photoquip (India) Ltd is a below average quality company.

The key valuation ratios of Photoquip (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Photoquip (India) Ltd

In the early years, when processing and printing of photographs was done manually, studio lighting was done with tungsten bulbs, which gave very good results. But, with the advent of photo finishing machines, problems arose as photographs started developing casts due to the tungsten lamp. The problem encouraged the founder of the company J. P. Soni to learn quickly the technology for manufacturing studio flash systems. And in 1976, with the singular aim to equip every photographer & studio with state-of-art equipment at most affordable prices, he formed Photoquip - the professional studio system lab. Later in 1984, Photoquip collaborated with Elinchrom - the world’s leading studio flash system manufacturer - with a view to export studio flash systems to Switzerland.

A decade after its formation, Photoquip felt the need to grow at a quicker pace, and the company went public with Photoquip India Ltd. The company's unique position and strength enabled them to get sole distribution rights to the Italian giants Manfrotto, Gitzo (France) for lighting supports, camera tripods/heads and accessories and Nissin (Japan) for flashguns.  Photoquip, over the decades, has been understanding and catering to the needs of the photographic fraternity, and has dedicatedly ensured that every photo studio is equipped with the best equipment that meets the most stringent requirements. In 1998, Photoquip realised the customer's need in the market for a good, affordable, easy-to-use and world-class quality cameras, and hence diversified from professional products into the consumer market. Thus KLIK, which was registered by the company decades ago, was re-launched, and it established itself as a popular brand within a very short period. The camera was targeted at families wanting to click away at social gatherings without much fuss. The range launched as the middle class budget camera, became a runaway hit.  In 2001, Photoquip launched into a vigorous R&D campaign for unearthing the digital solution for Gretag Masterlabs, considering the huge market potential for a cost effective digital machine. And after four years of untiring research, Photoquip now proudly introduces Digital Combo - a complete digital upgrade for Gretag Masterlab 740.  Photoquip intends to continue offering the Indian customer the benefits of all the latest world-class technology, packaged in its quality products, at the most competitive and affordable prices. In future, Photoquip aims to bridge the gap in technology and keep delivering in all sincerity, the photographic fraternity and even the fun loving photo enthusiast, with the best products at the best prices.

Product range of the company includes:

Lights

  • Mono Lights
  • Power Packs
  • Special Effect Lights

Accessories

  • Soft Boxes
  • Reflectors and Grid
  • Snoot with Grid
  • Barndoor Set 21
  • Mini Spot
  • Umbrellas
  • Stands  

Lab

  • Digital Combo
  • Digital Eco
  • Digital Infinity

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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