As of 6 Nov 2026, Sunshine Pictures trades at 2230.6× trailing earnings, above the industry P/E of 49.3×, and the shares are 24% below their 52-week high. Sales and net profit grew 41% and 159% a year over 3 years; its ROCE of 38% is the second-highest among the 7 largest Entertainment peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹1,251 Cr, ranked 11th of 55 Entertainment companies by market cap; the shares rose 8.7% over the past year.
- ₹386.15
- ₹409.60
- ₹380.30
- ₹386.20
- 2.1 L
Health check
- ReturnsBehind
+8.7% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthStrong
Sales +41.1%, profit +158.7% a year over 3 years.
- ProfitabilityStrong
ROCE 37.8% vs peer median 15.5%.
- Balance sheetFair
Debt 0.07× equity, interest covered 32.4×, Piotroski 5 of 9.
- Red flags4 to check
Quarterly profit down 99.4% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹1,251 Cr
- Small cap
- P/E
- 2230.6
- Industry 49.3
- Price to book
- 7.29
- Peers 6.52
- Dividend yield
- 0.00%
- ROE
- 32.3%
- Peers 11.6%
- ROCE
- 37.8%
- Peers 15.5%
- Debt to equity
- 0.07
- Debt ₹9.46 Cr
- EPS (TTM)
- ₹0.18
- Face value ₹10
- OPM (TTM)
- 6.4%
- Net margin 54.1%
- Sales growth
- −90.7%
- Latest quarter vs a year ago
- Profit growth
- −99.4%
- Latest quarter vs a year ago
- Price to sales
- 16.80
- EV/EBITDA 18.6
Strengths and risks
Strengths
- Return on equity of 32.3%.
- Return on capital employed of 37.8%.
- Practically debt-free.
Risks to check
- Quarterly profit down 99.4% on a year ago.
- Quarterly sales down 90.7% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- P/E of 2230.6 against an industry P/E of 49.3.
About Sunshine Pictures
Sunshine Pictures Limited engages in the business of film production, content development, media distribution, and allied entertainment services in India. The company offers production of feature films, web series, and television content. It is also involved in music production and distribution. It serves the entertainment industry by creating and distributing diverse media content across various platforms. Sunshine Pictures Limited was incorporated in…
- Headquarters
- Mumbai
- Employees
- 30
- Sector
- Communication Services
- ISIN
- INE1B3O01011
- Website
- sunshinepictures.in
Price range
- Avg volume (3M)
- 18.6 L
- 1-year return
- plus 8.7%
- From 52-week high
- minus 23.5%
Peers · Entertainment
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUSPrime Focus | 285.20 | minus 1.06% | 22,211 | 160.2 | 10.61 | 23.0% | 15.4% | 30.4% | −0.3% | 14.1% | 0.00% | plus 60.2% |
| PVRINOXPVR INOX | 1,565.60 | minus 1.00% | 15,050 | 35.8 | 2.08 | 7.1% | 6.0% | 33.2% | 20.9% | – | 0.00% | plus 36.1% |
| SAREGAMASaregama India | 619.65 | minus 1.96% | 11,895 | 49.3 | 6.52 | 16.0% | 13.9% | 35.5% | 10.6% | 3.8% | 0.73% | plus 39.7% |
| TIPSMUSICTips Music | 769.25 | plus 0.75% | 9,782 | 43.3 | 30.29 | 110.2% | 78.1% | 69.7% | 26.2% | 41.5% | 1.49% | plus 45.1% |
| JOJOJOJO | 109.80 | plus 0.14% | 7,572 | 163.9 | 20.64 | 15.5% | 11.6% | 46.5% | 525.5% | 694.1% | 0.01% | plus 159.8% |
| NETWORK18Network18 Media & Investments | 26.83 | minus 1.18% | 4,144 | – | 0.82 | 6.8% | −0.4% | 3.0% | −30.8% | – | 0.00% | minus 44.1% |
| IMAGICAAImagicaaworld Entertainment | 43.61 | plus 1.37% | 2,570 | 174.4 | 1.38 | 1.8% | 0.1% | 33.1% | 13.0% | −87.9% | 0.00% | minus 14.7% |
| SUNSHINESunshine Pictures | 401.50 | plus 3.96% | 1,251 | 2230.6 | 7.29 | 37.8% | 32.3% | 6.4% | 41.1% | 158.7% | 0.00% | plus 8.7% |
| Median of 7 peers | – | −1.00% | 9,782 | 104.7 | 6.52 | 15.5% | 11.6% | 33.2% | 13.0% | 14.1% | 0.00% | 39.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Jun 26 |
|---|---|---|---|
| 69.4 | −66.3 | 6.5 | |
| 14.8 | −13.2 | 5.5 | |
| 54.6 | −53.1 | 0.9 | |
| 78.7% | 80.1% | 14.4% | |
| 0.4 | 0.1 | 0.1 | |
| 0.7 | 0 | 0.2 | |
| 0.7 | 0.7 | 0.5 | |
| −0.2 | 0.9 | – | |
| 53.4 | −52.8 | 0.3 | |
| 25.6% | 25.5% | 26.1% | |
| 39.7 | −39.3 | 0.3 | |
| 12.75 | – | 0.08 |
Profit & loss
- Sales CAGR 3Y
- +41.1%
- Profit CAGR 3Y
- +158.7%
- EPS CAGR 3Y
- +158.7%
- ROE
- 32.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.5 | 134 | 103 | 74.4 | |
| – | +404.7% | minus 22.8% | minus 28.0% | |
| 22.4 | 65.5 | 54.9 | 17.4 | |
| 4.1 | 68.3 | 48.4 | 57 | |
| 15.3% | 51.1% | 46.8% | 76.6% | |
| 0.1 | 1.4 | 0.9 | 1.1 | |
| 0.1 | 0.7 | 1.7 | 1.7 | |
| 1.2 | 2.2 | 2.8 | 2.7 | |
| 0.3 | 4.2 | 1.4 | 0.3 | |
| 3.1 | 71.1 | 46.2 | 54.1 | |
| 25.9% | 24.9% | 25.4% | 26.0% | |
| 2.3 | 53.3 | 34.5 | 40 | |
| – | +2208.4% | minus 35.4% | +16.1% | |
| 0.74 | 17.13 | 11.06 | 12.85 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 0.1 | 26.3 | 26.3 | |
| 27.2 | 70.5 | 78.7 | 119 | |
| 6.7 | 16.9 | 11.4 | 9.5 | |
| 4.6 | 9.9 | 14.8 | 25 | |
| 38.6 | 97.4 | 131 | 180 | |
| 15.9 | 25.2 | 13.2 | 10.8 | |
| 6.1 | 12.7 | – | – | |
| – | 8 | 2.5 | – | |
| 1.9 | 21.8 | 37.8 | 0.5 | |
| 14.7 | 29.7 | 77.8 | 168 | |
| 38.6 | 97.4 | 131 | 180 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5 | 31.6 | 28.5 | −33.2 | |
| −4.5 | −30 | −10.8 | 25.9 | |
| 6.3 | −0.7 | −7.4 | −3.9 | |
| −3.2 | 1 | 10.3 | −11.2 | |
| −5 | −12 | −5.2 | −0.4 | |
| −10 | 19.6 | 23.3 | −33.6 | |
| – | −0.1 | – | – |
Shareholding pattern
- Promoters74.84%
- Public25.16%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.84% | 25.16% | 0.00 | |
| 24 Aug 2026 | 74.84% | 25.16% | – |
Major shareholders
Filings & events
News
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