Panorama Studios International Ltd Falls to 52-Week Low of Rs.35.01

Stock Performance and Market Context

On 27 Jan 2026, Panorama Studios International Ltd’s share price touched Rs.35.01, down sharply from its 52-week high of Rs.62.66. This represents a decline of approximately 44.1% from the peak price within the last year. The stock’s performance over the past year has been notably weak, with a total return of -33.69%, contrasting with the Sensex’s positive return of 8.24% over the same period. The company’s shares have consistently traded below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.

Despite the broader market showing resilience—Sensex recovered from an early negative opening to close marginally higher at 81,562.53 points, up 0.03%—Panorama Studios’ stock has lagged behind. The media sector itself faced headwinds, with indices such as NIFTY MEDIA and NIFTY REALTY also hitting new 52-week lows on the same day, indicating sector-wide pressures.

Financial Performance and Profitability Trends

Panorama Studios’ recent financial disclosures have highlighted a downturn in key metrics. The company reported a 33.0% decline in quarterly net sales to Rs.77.86 crores compared to the previous four-quarter average. Operating profit has contracted by 22.21%, contributing to a negative earnings trend over the last two quarters. Profit before tax excluding other income (PBT less OI) fell sharply by 114.5% to a loss of Rs.1.84 crores, while net profit after tax (PAT) dropped by 81.2% to Rs.2.04 crores in the latest quarter.

Over the last five years, Panorama Studios has recorded modest growth in net sales at an annualised rate of 12.37%, with operating profit growth lagging at 8.31%. These figures suggest subdued long-term expansion relative to industry expectations. The company’s Mojo Score currently stands at 23.0, with a Mojo Grade of Strong Sell, downgraded from Sell on 12 Nov 2025, reflecting deteriorating fundamentals and market sentiment.

Shareholding and Market Pressure

One notable factor contributing to the stock’s downward pressure is the high proportion of pledged promoter shares. Currently, 26.55% of promoter holdings are pledged, an increase of 10.38% over the last quarter. Elevated pledged shares can exacerbate selling pressure during market declines, as lenders may seek to liquidate holdings to cover margin requirements. This dynamic adds an additional layer of risk to the stock’s price stability.

Debt and Valuation Metrics

On a more positive note, Panorama Studios maintains a relatively low debt burden, with a Debt to EBITDA ratio of 1.30 times, indicating a manageable level of leverage. The company’s return on capital employed (ROCE) stands at 18.8%, suggesting efficient use of capital despite recent profit declines. Its enterprise value to capital employed ratio of 3.5 reflects a fair valuation, with the stock currently trading at a discount compared to its peers’ historical averages.

However, the company’s profit decline of 3.1% over the past year underscores ongoing challenges in maintaining earnings growth. This has contributed to the stock’s underperformance relative to the broader BSE500 index, which generated returns of 8.23% in the same period.

Sector and Market Environment

The media and entertainment sector has faced headwinds in recent months, with several sector indices hitting new lows alongside Panorama Studios. While mega-cap stocks have led modest gains in the broader market, smaller and mid-cap media companies have struggled to regain investor confidence. The Sensex’s position below its 50-day moving average, despite the 50DMA remaining above the 200DMA, indicates a cautious market environment that has not favoured stocks with weaker fundamentals.

Summary of Key Metrics

To summarise, Panorama Studios International Ltd’s stock has declined to Rs.35.01, its lowest level in 52 weeks, reflecting a combination of subdued sales growth, declining profitability, increased promoter share pledging, and sector-wide pressures. The company’s financial ratios indicate fair valuation and manageable debt, but recent quarterly results have been disappointing, with net sales and profits falling significantly.

While the stock outperformed its sector by 1.5% on the day of the new low, the overall trend remains negative. The downgrade to a Strong Sell grade by MarketsMOJO on 12 Nov 2025 further underscores the challenges faced by the company in reversing its recent performance trajectory.

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