About Panorama Studios International Limited
Data last updated:
Panorama Studios International Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the film and digital content production segment of the media and publishing sector. It was incorporated on 15 April 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74110MH1980PLC330008. Its GSTIN is 27AAMCA9685Q1ZG (Maharashtra). The company holds 5 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 539469 and NSE: PANORAMA.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹52.11 Cr. It was formerly known as Panorama Studios (I) Limited and Apunka Invest Commercial Limited. It is led by directors including Kumar Mangat Pathak (Managing Director) and Sandeep Kumar Sahu.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹308.5 Cr, a decline of 15.3% compared to the previous year. For the same year it recorded a net profit of ₹15.67 Cr (net margin 5.1%) and EBITDA of ₹24.46 Cr (EBITDA margin 7.9%). The net worth stands at ₹220.73 Cr (up 14.9% YoY). Total assets are valued at ₹351.78 Cr (up 27.1% YoY).
The company has about 40 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Apunka Invest Commercial. As per MCA filings, the company has open charges of ₹162.8 Cr and satisfied charges of ₹25 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 1 case is pending. The company has 12 deals on record (11 market trades, 1 funding round), with disclosed funding of ₹66.88 Cr; the latest was in December 2024. Its 6 peer companies in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities) are compared by revenue, 3 larger and 3 smaller; the largest is Yash Raj Films Private Limited with revenue of ₹415.06 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panoramastudios.in.
Company details
Name history
Panorama Studios International has undergone 3 name changes throughout its history. The company was previously known as Panorama Studios (I) Limited, Apunka Invest Commercial Limited, and Admire Investments Ltd. The current legal name is Panorama Studios International Limited.
| Company Name | Status |
|---|---|
| Panorama Studios International Limited | Current |
| Panorama Studios (I) Limited | Previous |
| Apunka Invest Commercial Limited | Previous |
| Admire Investments Ltd | Previous |
CIN history
Panorama Studios International has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74110MH1980PLC330008, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74110MH1980PLC330008 | Current |
| L74110WB1980PLC032655 | Previous |
| U67120WB1980PLC032655 | Previous |
| L67120WB1980PLC032655 | Previous |
Contact details
Panorama Studios International Limited's registered office is in Mumbai, Maharashtra. Its website is panoramastudios.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 2202 2203 2204 Signature, Suresh Sawant Road Off Veera Desai Road Andheri (West), Mumbai, Maharashtra, India – 400053
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Panorama Studios International Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Panorama Studios International operates one associated brand: Apunka Invest Commercial. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Stock brokerage services are facilitated for investors in India. | ainvest.co.in |
Business activity
The main business activity of Panorama Studios International is information and communication. In detail, this covers motion picture, video and television programme production, sound recording and music publishing activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J3 | Motion picture, video and television programme production, sound recording and music publishing activities |
To see the full business activity and turnover split of Panorama Studios International Limited, buy the company report.
Financials of Panorama Studios International Limited
FY 2025-26 filings availablePanorama Studios International Limited reported revenue of ₹308.5 Cr (down 15.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 308 | 364 | 440 | 371 | 82.91 | 76.32 | 314 |
| Revenue growth | -15.3% | -17.2% | +18.3% | +348.1% | +8.6% | -75.7% | - |
| EBITDA | 24.46 | 60.00 | 60.52 | 52.92 | (4.41) | 12.71 | 10.38 |
| EBITDA margin | +7.9% | +16.5% | +13.8% | +14.3% | -5.3% | +16.7% | +3.3% |
| Profit before tax | 16.25 | 53.64 | 52.27 | 49.40 | (1.05) | 11.06 | 10.24 |
| Net profit | 15.67 | 41.90 | 38.13 | 37.23 | (6.00) | 5.05 | 4.61 |
| Net profit margin | +5.1% | +11.5% | +8.7% | +10.0% | -7.2% | +6.6% | +1.5% |
| EPS (₹) | 0.60 | 5.90 | 28.57 | 29.93 | 0.55 | 6.67 | 5.62 |
| Balance sheet | |||||||
| Total assets | 352 | 277 | 175 | 107 | 107 | 55.31 | 47.72 |
| Net worth | 221 | 192 | 134 | 61.12 | 23.85 | 19.16 | 14.10 |
| Total debt | 130 | 78.49 | 32.63 | 37.55 | 74.07 | 25.66 | 26.40 |
| Cash & bank | 29.86 | 5.10 | 19.35 | 5.63 | 1.11 | 2.03 | 0.37 |
| Net working capital | 308 | 239 | 188 | 104 | 96.10 | 36.09 | 24.80 |
| Cash flow | |||||||
| Cash from operations | (4.17) | (25.88) | (7.82) | 46.36 | (64.85) | 5.29 | (9.26) |
| Cash from investing | (50.43) | (31.51) | (10.31) | (2.57) | 15.29 | (0.17) | 0.03 |
| Cash from financing | 56.82 | 53.35 | 21.64 | (39.27) | 48.65 | (3.49) | 9.05 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 183 | 64.83 | 29.47 | 77.86 | 136 | 213 | 33.88 | 82.14 |
| Revenue growth (YoY) | +34.3% | -69.5% | -13.0% | -5.2% | +283.1% | - | - | - |
| Other income | 2.09 | 3.12 | 0.81 | 3.38 | 1.55 | 1.23 | 0.77 | 0.97 |
| EBITDA | 20.02 | 12.92 | 1.47 | 2.49 | 7.59 | 44.44 | 3.98 | 7.69 |
| EBITDA margin | +10.9% | +19.9% | +5.0% | +3.2% | +5.6% | +20.9% | +11.7% | +9.4% |
| Depreciation | 1.39 | 1.56 | 1.51 | 1.49 | 1.44 | 1.40 | 0.77 | 0.39 |
| Interest | 3.80 | 2.63 | 2.69 | 2.84 | 2.90 | 2.60 | 2.12 | 1.37 |
| Profit before tax | 16.92 | 11.85 | (1.92) | 1.54 | 4.80 | 41.67 | 1.86 | 6.90 |
| Tax | 4.21 | 4.68 | (0.41) | 0.70 | 1.29 | 10.66 | 0.56 | 1.87 |
| Net profit | 12.71 | 7.17 | (1.51) | 0.84 | 3.51 | 31.01 | 1.30 | 5.03 |
| EPS (₹) | 0.52 | 0.34 | (0.02) | 0.08 | 0.71 | 4.26 | 0.08 | 0.85 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 298 | 348 | 404 | 291 | 8.76 | 14.81 | 22.43 |
| Revenue growth | -14.4% | -13.8% | +39.0% | +3216.3% | -40.9% | -34.0% | - |
| EBITDA | 35.54 | 56.26 | 58.99 | 52.62 | 1.13 | 0.17 | 0.18 |
| EBITDA margin | +11.9% | +16.2% | +14.6% | +18.1% | +12.9% | +1.2% | +0.8% |
| Profit before tax | 30.18 | 54.39 | 56.52 | 53.48 | 2.81 | 1.27 | 0.26 |
| Net profit | 21.95 | 40.45 | 41.97 | 39.68 | 2.50 | 1.09 | 0.17 |
| Net profit margin | +7.4% | +11.6% | +10.4% | +13.7% | +28.5% | +7.4% | +0.8% |
| EPS (₹) | 0.85 | 5.70 | 31.45 | 31.88 | 2.01 | 1.43 | 0.21 |
| Balance sheet | |||||||
| Total assets | 347 | 257 | 145 | 76.18 | 68.78 | 12.77 | 9.35 |
| Net worth | 225 | 190 | 134 | 56.39 | 16.71 | 10.18 | 9.10 |
| Total debt | 122 | 67.10 | 11.05 | 19.67 | 52.07 | 2.59 | 0.25 |
| Cash & bank | 29.23 | 4.14 | 4.84 | 3.90 | 0.34 | 0.66 | 0.07 |
| Net working capital | 299 | 214 | 151 | 76.67 | 63.25 | 9.93 | 6.50 |
| Cash flow | |||||||
| Cash from operations | - | (16.37) | (30.30) | 35.45 | (52.94) | (2.84) | (2.92) |
| Cash from investing | - | (49.73) | 8.98 | 1.34 | (1.50) | 0.53 | (0.03) |
| Cash from financing | - | 65.39 | 22.26 | (33.24) | 54.11 | 2.90 | 2.98 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 180 | 60.89 | 26.75 | 76.31 | 134 | 204 | 32.11 | 77.79 |
| Revenue growth (YoY) | +34.0% | -70.1% | -16.7% | -1.9% | +288.4% | - | - | - |
| Other income | 3.04 | 3.17 | 1.79 | 2.12 | 2.55 | 1.93 | 1.20 | 1.74 |
| Total expenses | 159 | 45.15 | 23.63 | 69.92 | 124 | 168 | 26.86 | 68.81 |
| EBITDA | 21.09 | 15.74 | 3.12 | 6.39 | 10.30 | 35.84 | 5.25 | 8.98 |
| EBITDA margin | +11.7% | +25.8% | +11.7% | +8.4% | +7.7% | +17.6% | +16.4% | +11.5% |
| Depreciation | 1.38 | 1.54 | 1.48 | 1.47 | 1.42 | 1.36 | 0.73 | 0.35 |
| Interest | 3.34 | 2.18 | 2.16 | 2.38 | 2.35 | 2.20 | 1.55 | 0.82 |
| Profit before tax | 19.41 | 15.19 | 1.27 | 4.66 | 9.08 | 34.21 | 4.17 | 9.55 |
| Tax | 4.81 | 4.03 | 0.47 | 1.45 | 2.28 | 8.81 | 1.14 | 2.37 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 183 | 64.83 | 29.47 | 77.86 | 136 | 213 | 33.88 | 82.14 |
| Revenue growth (YoY) | +34.3% | -69.5% | -13.0% | -5.2% | +283.1% | - | - | - |
| Other income | 2.09 | 3.12 | 0.81 | 3.38 | 1.55 | 1.23 | 0.77 | 0.97 |
| EBITDA | 20.02 | 12.92 | 1.47 | 2.49 | 7.59 | 44.44 | 3.98 | 7.69 |
| EBITDA margin | +10.9% | +19.9% | +5.0% | +3.2% | +5.6% | +20.9% | +11.7% | +9.4% |
| Depreciation | 1.39 | 1.56 | 1.51 | 1.49 | 1.44 | 1.40 | 0.77 | 0.39 |
| Interest | 3.80 | 2.63 | 2.69 | 2.84 | 2.90 | 2.60 | 2.12 | 1.37 |
| Profit before tax | 16.92 | 11.85 | (1.92) | 1.54 | 4.80 | 41.67 | 1.86 | 6.90 |
| Tax | 4.21 | 4.68 | (0.41) | 0.70 | 1.29 | 10.66 | 0.56 | 1.87 |
| Net profit | 12.71 | 7.17 | (1.51) | 0.84 | 3.51 | 31.01 | 1.30 | 5.03 |
| EPS (₹) | 0.52 | 0.34 | (0.02) | 0.08 | 0.71 | 4.26 | 0.08 | 0.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 308 | 364 | 440 | 371 | 82.91 | 76.32 | 314 |
| Revenue growth | -15.3% | -17.2% | +18.3% | +348.1% | +8.6% | -75.7% | - |
| Other income | 8.85 | 4.27 | 4.63 | 5.00 | 9.60 | 0.53 | 1.41 |
| Total expenses | 284 | 304 | 379 | 319 | 87.32 | 63.61 | 303 |
| Employee cost | 0.00 | 6.22 | 4.38 | 3.75 | 2.21 | 1.22 | 1.80 |
| EBITDA | 24.46 | 60.00 | 60.52 | 52.92 | (4.41) | 12.71 | 10.38 |
| EBITDA margin | +7.9% | +16.5% | +13.8% | +14.3% | -5.3% | +16.7% | +3.3% |
| Depreciation | 6.00 | 2.92 | 0.96 | 0.75 | 0.23 | 0.07 | 0.07 |
| Interest | 11.06 | 7.71 | 11.92 | 7.77 | 6.01 | 2.11 | 1.48 |
| Profit before tax | 16.25 | 53.64 | 52.27 | 49.40 | (1.05) | 11.06 | 10.24 |
| Tax | 6.27 | 13.90 | 14.06 | 14.09 | 0.22 | 2.62 | 2.42 |
| Net profit | 15.67 | 41.90 | 38.13 | 37.23 | (6.00) | 5.05 | 4.61 |
| Net profit margin | +5.1% | +11.5% | +8.7% | +10.0% | -7.2% | +6.6% | +1.5% |
| EPS (₹) | 0.60 | 5.90 | 28.57 | 29.93 | 0.55 | 6.67 | 5.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.11 | 14.19 | 13.35 | 12.45 | 12.45 | 7.58 | 7.58 |
| Reserves & surplus | 169 | 173 | 111 | 48.67 | 11.40 | 10.24 | 5.18 |
| Shareholders' funds (net worth) | 221 | 192 | 134 | 61.12 | 23.85 | 19.16 | 14.10 |
| Minority interest | 0.21 | 5.85 | 7.99 | 7.91 | 8.59 | 10.33 | 7.04 |
| Secured loans | 81.29 | 50.94 | 14.64 | 0.00 | 2.19 | 2.07 | 0.64 |
| Unsecured loans | 49.08 | 27.55 | 17.99 | 37.55 | 71.88 | 23.59 | 25.76 |
| Total debt | 130 | 78.49 | 32.63 | 37.55 | 74.07 | 25.66 | 26.40 |
| Total liabilities | 352 | 277 | 175 | 107 | 107 | 55.31 | 47.72 |
| Assets | |||||||
| Gross block | 56.05 | 53.78 | 7.20 | 15.49 | 16.06 | 27.08 | 26.48 |
| Net block | 46.25 | 49.04 | 5.04 | 13.60 | 13.44 | 23.67 | 24.79 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.83 | 0.83 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 |
| Inventories | 373 | 237 | 199 | 75.31 | 124 | 61.89 | 76.43 |
| Sundry debtors | 110 | 77.75 | 90.64 | 28.11 | 48.20 | 92.77 | 13.63 |
| Cash & bank balances | 29.86 | 5.10 | 19.35 | 5.63 | 1.11 | 2.03 | 0.37 |
| Loans & advances | 242 | 172 | 141 | 117 | 63.80 | 42.01 | 156 |
| Total current assets | 754 | 491 | 450 | 226 | 237 | 199 | 247 |
| Total current liabilities | 446 | 252 | 263 | 123 | 141 | 163 | 222 |
| Net working capital | 308 | 239 | 188 | 104 | 96.10 | 36.09 | 24.80 |
| Total assets | 352 | 277 | 175 | 107 | 107 | 55.31 | 47.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 5.10 | 9.13 | 5.63 | 1.11 | 2.03 | 0.39 | 0.55 |
| Net cash from operating activities | (4.17) | (25.88) | (7.82) | 46.36 | (64.85) | 5.29 | (9.26) |
| Net cash from investing activities | (50.43) | (31.51) | (10.31) | (2.57) | 15.29 | (0.17) | 0.03 |
| Net cash from financing activities | 56.82 | 53.35 | 21.64 | (39.27) | 48.65 | (3.49) | 9.05 |
| Net change in cash | 2.21 | (4.04) | 3.50 | 4.52 | (0.92) | 1.64 | (0.18) |
| Closing cash | 29.86 | 5.10 | 19.35 | 5.63 | 1.11 | 2.03 | 0.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -15.3% | -17.2% | +18.3% | +348.1% | +8.6% | -75.7% | - |
| EBITDA growth | -59.2% | -0.9% | +14.4% | +1300.0% | -134.7% | +22.5% | - |
| PBT growth | -69.7% | +2.6% | +5.8% | +9998.0% | - | +8.0% | +201.2% |
| Net income growth | -62.6% | +9.9% | +2.4% | +720.5% | -218.8% | +9.5% | - |
| Revenue CAGR (3Y) | -6.0% | +63.8% | +79.3% | +5.8% | +52.4% | - | - |
| EBITDA CAGR (3Y) | -22.7% | - | +68.2% | +72.1% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.2% | +10.9% | +8.7% | +9.5% | -1.5% | +11.1% | +2.5% |
| Return on capital employed | - | +28.0% | +48.2% | +58.0% | -3.5% | +30.7% | +35.0% |
| Return on net worth | - | +24.3% | +39.1% | +83.2% | -37.1% | +50.8% | +76.4% |
| Debt / equity | - | 0.34 | 0.36 | 1.31 | 2.32 | 1.57 | 2.27 |
| Long-term debt / equity | - | 0.09 | 0.01 | 0.04 | 0.10 | 0.08 | 0.08 |
| Interest cover | 59.91 | 13.51 | 20.01 | 14.89 | -129.53 | 16.69 | 14.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 11.94 | 38.75 | 23.55 | 3.84 | 2.85 | 11.93 |
| Inventory turnover | - | 1.67 | 3.20 | 3.74 | 0.89 | 1.10 | 6.68 |
| Debtors turnover | - | 4.33 | 7.40 | 9.74 | 1.18 | 1.43 | 24.89 |
| EPS (₹) | 0.60 | 5.90 | 28.57 | 29.93 | 0.55 | 6.67 | 5.62 |
| Dividend per share (₹) | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 26.41 | 92.80 | 49.10 | 19.16 | 23.51 | 16.83 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 180 | 60.89 | 26.75 | 76.31 | 134 | 204 | 32.11 | 77.79 |
| Revenue growth (YoY) | +34.0% | -70.1% | -16.7% | -1.9% | +288.4% | - | - | - |
| Other income | 3.04 | 3.17 | 1.79 | 2.12 | 2.55 | 1.93 | 1.20 | 1.74 |
| Total expenses | 159 | 45.15 | 23.63 | 69.92 | 124 | 168 | 26.86 | 68.81 |
| EBITDA | 21.09 | 15.74 | 3.12 | 6.39 | 10.30 | 35.84 | 5.25 | 8.98 |
| EBITDA margin | +11.7% | +25.8% | +11.7% | +8.4% | +7.7% | +17.6% | +16.4% | +11.5% |
| Depreciation | 1.38 | 1.54 | 1.48 | 1.47 | 1.42 | 1.36 | 0.73 | 0.35 |
| Interest | 3.34 | 2.18 | 2.16 | 2.38 | 2.35 | 2.20 | 1.55 | 0.82 |
| Profit before tax | 19.41 | 15.19 | 1.27 | 4.66 | 9.08 | 34.21 | 4.17 | 9.55 |
| Tax | 4.81 | 4.03 | 0.47 | 1.45 | 2.28 | 8.81 | 1.14 | 2.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 298 | 348 | 404 | 291 | 8.76 | 14.81 | 22.43 |
| Revenue growth | -14.4% | -13.8% | +39.0% | +3216.3% | -40.9% | -34.0% | - |
| Other income | 9.62 | 6.01 | 5.90 | 4.66 | 2.38 | 1.20 | 0.31 |
| Total expenses | 263 | 292 | 345 | 238 | 7.63 | 14.64 | 22.25 |
| Employee cost | 0.00 | 5.15 | 2.26 | 1.55 | 0.24 | 0.14 | 0.04 |
| EBITDA | 35.54 | 56.26 | 58.99 | 52.62 | 1.13 | 0.17 | 0.18 |
| EBITDA margin | +11.9% | +16.2% | +14.6% | +18.1% | +12.9% | +1.2% | +0.8% |
| Depreciation | 5.91 | 2.77 | 0.77 | 0.60 | 0.09 | 0.00 | 0.00 |
| Interest | 9.07 | 5.11 | 7.60 | 3.20 | 0.61 | 0.10 | 0.23 |
| Profit before tax | 30.18 | 54.39 | 56.52 | 53.48 | 2.81 | 1.27 | 0.26 |
| Tax | 8.23 | 13.94 | 14.55 | 13.80 | 0.31 | 0.18 | 0.09 |
| Net profit | 21.95 | 40.45 | 41.97 | 39.68 | 2.50 | 1.09 | 0.17 |
| Net profit margin | +7.4% | +11.6% | +10.4% | +13.7% | +28.5% | +7.4% | +0.8% |
| EPS (₹) | 0.85 | 5.70 | 31.45 | 31.88 | 2.01 | 1.43 | 0.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 52.11 | 14.19 | 13.35 | 12.45 | 12.45 | 7.58 | 7.58 |
| Reserves & surplus | 173 | 171 | 110 | 43.94 | 4.26 | 1.26 | 0.18 |
| Shareholders' funds (net worth) | 225 | 190 | 134 | 56.39 | 16.71 | 10.18 | 9.10 |
| Secured loans | 81.29 | 50.87 | 2.75 | 0.98 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 40.66 | 16.23 | 8.30 | 18.69 | 52.07 | 2.59 | 0.25 |
| Total debt | 122 | 67.10 | 11.05 | 19.67 | 52.07 | 2.59 | 0.25 |
| Total liabilities | 347 | 257 | 145 | 76.18 | 68.78 | 12.77 | 9.35 |
| Assets | |||||||
| Gross block | 55.53 | 52.98 | 6.15 | 3.09 | 1.70 | 0.16 | 0.00 |
| Net block | 46.19 | 48.82 | 4.69 | 2.40 | 1.61 | 0.16 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.00 | 4.99 | 4.49 | 4.49 | 3.21 | 2.96 | 2.95 |
| Inventories | 331 | 194 | 163 | 49.09 | 55.17 | 6.32 | 2.58 |
| Sundry debtors | 105 | 66.77 | 83.41 | 9.80 | 16.67 | 12.29 | 4.10 |
| Cash & bank balances | 29.23 | 4.14 | 4.84 | 3.90 | 0.34 | 0.66 | 0.07 |
| Loans & advances | 253 | 172 | 128 | 106 | 48.59 | 6.64 | 13.79 |
| Total current assets | 719 | 437 | 379 | 168 | 121 | 25.91 | 20.54 |
| Total current liabilities | 420 | 223 | 228 | 91.69 | 57.52 | 15.98 | 14.04 |
| Net working capital | 299 | 214 | 151 | 76.67 | 63.25 | 9.93 | 6.50 |
| Total assets | 347 | 257 | 145 | 76.18 | 68.78 | 12.77 | 9.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 4.84 | 3.90 | 0.34 | 0.66 | 0.07 | 0.04 |
| Net cash from operating activities | - | (16.37) | (30.30) | 35.45 | (52.94) | (2.84) | (2.92) |
| Net cash from investing activities | - | (49.73) | 8.98 | 1.34 | (1.50) | 0.53 | (0.03) |
| Net cash from financing activities | - | 65.39 | 22.26 | (33.24) | 54.11 | 2.90 | 2.98 |
| Net change in cash | - | (0.71) | 0.94 | 3.56 | (0.32) | 0.60 | 0.03 |
| Closing cash | - | 4.14 | 4.84 | 3.90 | 0.34 | 0.66 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -14.4% | -13.8% | +39.0% | +3216.3% | -40.9% | -34.0% | - |
| EBITDA growth | -36.8% | -4.6% | +12.1% | +4556.6% | +564.7% | -5.6% | - |
| PBT growth | -44.5% | -3.8% | +5.7% | +1803.2% | +121.3% | +388.5% | +766.7% |
| Net income growth | -45.7% | -3.6% | +5.8% | +1487.2% | +129.4% | +541.2% | - |
| Revenue CAGR (3Y) | +0.9% | +241.2% | +201.0% | +134.8% | +297.0% | +150.7% | +240.1% |
| EBITDA CAGR (3Y) | -12.3% | +267.9% | +602.7% | +563.7% | - | - | +108.0% |
| Profitability & leverage | |||||||
| Net income margin | +7.4% | +11.6% | +10.4% | +13.7% | +28.5% | +7.4% | +0.8% |
| Return on capital employed | - | +29.6% | +58.0% | +78.2% | +8.4% | +12.3% | +6.1% |
| Return on net worth | - | +25.0% | +44.2% | +108.6% | +18.6% | +11.2% | +2.2% |
| Debt / equity | - | 0.24 | 0.16 | 0.98 | 2.03 | 0.15 | 0.09 |
| Long-term debt / equity | - | 0.09 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Interest cover | 30.61 | 9.55 | 13.05 | 6.15 | 58.65 | 58.82 | 127.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 11.76 | 87.38 | 121.30 | 9.42 | 185.13 | 0.00 |
| Inventory turnover | - | 1.95 | 3.81 | 5.57 | 0.28 | 3.33 | 17.39 |
| Debtors turnover | - | 4.64 | 8.66 | 21.95 | 0.60 | 1.81 | 7.12 |
| EPS (₹) | 0.85 | 5.70 | 31.45 | 31.88 | 2.01 | 1.43 | 0.21 |
| Dividend per share (₹) | 0.00 | 0.20 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 26.09 | 92.14 | 45.30 | 13.42 | 11.67 | 10.24 |
To see the full year-wise statements and ratios of Panorama Studios International Limited, buy the company report.
Board of directors of Panorama Studios International Limited
Panorama Studios International has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Kumar Sahu Also directs: Panorama Studios Private Limited, Tahmar Enterprises Limited, Citygold Credit Capital Limited and 3 more | Director | 29 Dec 2021 | 4 Years 10 Months | Current |
| Kumar Mangat Pathak | Managing Director | 31 Dec 2018 | 7 Years 10 Months | Current |
| Abhishek Kumar Mangat Pathak Also directs: Big Screen Media LLP, Brain On Rent LLP, Panorama Music Regional Private Limited and 5 more | Director | 31 Dec 2018 | 7 Years 10 Months | Current |
| Rekha Agarwal | Director | 29 Dec 2021 | 4 Years 10 Months | Current |
| Sanjeev Joshi | Director | 05 Jul 2022 | 4 Years 3 Months | Current |
| Vinesh Keshrimal Shah | Director | 06 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Panorama Studios International Limited is compared with the 6 companies closest to it by revenue in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Yash Raj Films Private Limited | ₹415.06 Cr (FY 2025) | -46.0% | Mumbai, Maharashtra, India | |||
| National Film Development Corp0ration Limited | ₹395.61 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| PVR Inox Pictures Limited | ₹385.26 Cr (FY 2025) | 72.0% | Delhi, India | |||
| Sony Pictures Films India Private Limited | ₹344.25 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Applause Entertainment Private Limited | ₹335.65 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Tips Music Limited | ₹329.68 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| Panorama Studios International Limitedthis company | ₹308.5 Cr (FY 2026) | ₹15.67 Cr | 5.1% | -15.3% | Mumbai, Maharashtra, India |
To see the full peer comparison of Panorama Studios International Limited, buy the company report.
Auditor
Panorama Studios International Limited is audited by S S Rathi & Company for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S Rathi & Company | FY 2024 | 108726W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.60%, foreign institutional investors hold 0.30%, domestic institutional investors hold 0.10% and retail and other public shareholders hold 33.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.60% | 66.60% | 66.60% | 65.00% |
| Public | 33.40% | 33.40% | 33.40% | 35.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2026 | 101288102 | Others | ₹65 Cr | Open | |
| 18 Apr 2026 | 101295888 | Others | ₹81.3 Lakh | Open | |
| 19 Dec 2025 | 101209350 | Yes Bank Limited | ₹50 Cr | Open | |
| 29 Jun 2024 | 100978332 | Others | ₹27.6 Cr | Open | |
| 24 Apr 2024 | 100932863 | Others | ₹1 Cr | Open |
To see the full charge records of Panorama Studios International Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Panorama Studios International Limited has 12 deals on record (11 market trades, 1 funding round), with disclosed funding of ₹66.88 Cr; the latest was in December 2024.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round | ₹66.88 Cr | Investors: Verve Global Services Private Limited , Maa Pahari Mercantiles Pvt.Ltd. , 2 individuals |
| Feb 2024 | Market trade | ₹8.59 Cr | Seller: Balgopal Commercial Limited |
| Aug 2020 | Market trade | ₹37.4 Lakh | Seller: Shiv Parvati Leasing Private Limited |
| Aug 2020 | Market trade | ₹31.3 Lakh | Seller: Ishwar Commercial Private Limited |
| Feb 2020 | Market trade | ₹93.3 Lakh | Buyer: Intellect Stock Broking Limited Seller: Intellect Heights Private Limited , Hora Vanijya Private Limited |
To see the full deal history of Panorama Studios International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Panorama Studios International Limited has 11 court cases on record: 4 filed by Panorama Studios International, 7 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 1 |
| District courts | 3 | 3 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company by Reliance Industries Limited | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Reliance Industries Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Bharat Sanchar Nigam Limited, and 37 others | Disposed |
| High Court, TAMIL NADU | Original application | Filed by the company against Mahanagar Telephone Nigam Ltd., and 36 others | Disposed |
| High Court, TAMIL NADU | Court case (C.S(COMM DIV)) | Filed by the company against Mahanagar Telephone Nigam Ltd., and 41 others | Disposed |
To see the full case history of Panorama Studios International Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Panorama Studios International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Panorama Studios International has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Panorama Studios Private Ltd. | U74120MH2013PTC244439 | |
| Panorama Music Private Ltd. | U92490MH2021PTC367193 |
To see the full group structure of Panorama Studios International Limited, buy the company report.
GST
Panorama Studios International has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA9685Q1ZG | Maharashtra | Active | 13 Feb 2019 |
| 30AAMCA9685Q1ZT | Goa | Active | 19 Apr 2022 |
| 36AAMCA9685Q1ZH | Telangana | Active | 30 May 2022 |
| 09AAMCA9685Q1ZE | Uttar Pradesh | Active | 05 Feb 2024 |
To see the full GST registrations and return filing status of Panorama Studios International Limited, buy the company report.
Recent activity
Panorama Studios International Limited has 26 board changes on record since 2000: 16 appointments and 10 cessations. The latest: Vinesh Keshrimal Shah was appointed as Director on 06 Sep 2024.
27 earlier events are in the company report.
News
Frequently asked questions
Panorama Studios International is an active public limited company based in Mumbai, Maharashtra, India. The company works in film and digital content production, within the media and publishing industry. It was incorporated on 15 April 1980 (46+ years old) and is registered under CIN L74110MH1980PLC330008. Listed on BSE: 539469 and NSE: PANORAMA.
Panorama Studios International reported revenue of ₹308.5 Cr for FY 2025-26 (down 15.3% YoY) based on consolidated financials.
Panorama Studios International has 6 current directors:
- Kumar Mangat Pathak - Managing Director
- Sandeep Kumar Sahu - Director
- Abhishek Kumar Mangat Pathak - Director
- Rekha Agarwal - Director
- Sanjeev Joshi - Director
- Vinesh Keshrimal Shah - Director
The latest financial statements of Panorama Studios International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panorama Studios International is 27AAMCA9685Q1ZG, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 30AAMCA9685Q1ZT (Goa), 36AAMCA9685Q1ZH (Telangana), 09AAMCA9685Q1ZE (Uttar Pradesh).
The CIN (Corporate Identification Number) of Panorama Studios International is L74110MH1980PLC330008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Panorama Studios International is a listed company as per MCA records. Its shares are listed on both BSE (code: 539469) and NSE (symbol: PANORAMA).
Panorama Studios International has 11 court cases on record: 4 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.
Panorama Studios International was incorporated on 15 April 1980, making it 46+ years old. It is registered with the Registrar of Companies, Mumbai.
Panorama Studios International has 12 deals on record (11 market trades, 1 funding round), with disclosed funding of ₹66.88 Cr; the latest was in December 2024.
The peers of Panorama Studios International by revenue are Yash Raj Films Private Limited, National Film Development Corp0ration Limited, PVR Inox Pictures Limited, Sony Pictures Films India Private Limited, Applause Entertainment Private Limited and 1 more, all in the Media and Publishing industry (Film and Content Production), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
