GYR Capital Advisors Pvt. Ltd.
Established in 2007, Sunshine Pictures Limited is an Indian entertainment production company that creates, produces, and distributes feature films, television shows, and web series. The studio handles all stages of content creation, from initial script development and rights management to final marketing and distribution. Known for crafting engaging commercial cinema with broad market appeal, the company has delivered popular hits such as Force, Commando, Holiday, and The Kerala Story.
Sunshine Pictures operates using a flexible production model, creating standalone projects or partnering with major industry studios to manage financial risk on higher-budget films. With a portfolio that includes multiple feature films, TV serials, and digital releases, the company also actively uses online streaming and social media platforms to expand its audience reach and generate additional revenue streams.
For the year/period ended (Rs. in Cr.)
| FY26 | FY25 | FY24 | |
|---|---|---|---|
| Total Revenue | 74.43 | 103.33 | 133.80 |
| Profit After Tax | 40.02 | 34.46 | 53.35 |
| EPS | 15.19 | 13.08 | 20.24 |
| EBITDA Margin (%) | 78.65 | 49.12 | 55.29 |
| PAT Margin (%) | 53.77 | 33.35 | 39.87 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY26 |
Net Profits(Cr.) FY26 |
|---|---|---|---|---|---|---|
| Sunshine Pictures Ltd | 1121.36* | 360 | 9.03 | 32.55 | 74.43 | 40.02 |
| Panorama Studios International Limited | 1237 | 47.5 | 5.65 | 78.9 | 308 | 10 |
| Baweja Studios Limited | 44.8 | 24.3 | 0.41 | 7.37 | 68.94 | 6.08 |
| Balaji Telefilms Limited | 1134 | 93 | 1.81 | – | 211 | (50) |
*Market cap @upper band
The Company SUNSHINE PICTURES LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO Rs. 360, the stock is valued at 32.55 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.