Focus Lighting wins Rs 7.5 crore order from Ingka Centres India Private Limited
- Focus Lighting & Fixtures secured a Rs 7.5 crore order from Ingka Centres India Private Limited for LED lights and fixtures.
- The order is classified as significant and was disclosed on 12 Sep 2026.
- Total Q2FY27 order inflow stands at Rs 49.50 crore across 5 orders.
- Key awarding entities include Ingka Centres India Private Limited, Ingka Centres Private Limited, and Larsen & Toubro Limited.
- The order book covers 1.00 quarter of average quarterly revenue.
*this image is generated using AI for illustrative purposes only.
Focus Lighting & Fixtures has received a Rs 7.5 crore order from Ingka Centres India Private Limited for the manufacture, supply, and delivery of LED lights and fixtures, as per a BSE filing disclosed on 12 Sep 2026.
Order in Financial Context
The Rs 7.5 crore order is classified as significant. The total disclosed order book for Q2FY27 stands at Rs 49.50 crore across 5 orders, as per the pre-computed quarterly summary. This represents coverage of 1.00 quarter of the company's average quarterly revenue of Rs 49.68 crore, or 0.25 years of annual revenue at current run-rate.
Company Order Track Record
Focus Lighting & Fixtures has received orders from multiple entity types in Q2FY27, including domestic retail infrastructure entities and a construction major.
| Quarter | Total Order Inflow (Rs Cr) | Order Count | Key Awarding Entities |
|---|---|---|---|
| Q2FY27 (Jul-Sep 2026) | 49.50 | 5 | Ingka Centres India Private Limited, Ingka Centres Private Limited, Larsen & Toubro Limited, Construction Division |
Recent Order Details
| Order Date | Awarding Entity | Value (Rs Cr) | Classification | Scope |
|---|---|---|---|---|
| 11 Sep 2026 | Ingka Centres India Private Limited | 7.5 | Significant | Manufacture, supply and delivery of LED lights and fixtures in accordance with the specifications and requirements of the customer |
| 11 Sep 2026 | Ingka Centres Private Limited | 7.5 | Significant | Manufacture, supply and delivery of LED lights and fixtures in accordance with the specifications and requirements of the customer |
| 11 Sep 2026 | Ingka Centres Private Limited | 7.5 | Significant | Manufacture, supply, and delivery of LED Lighting and Fixtures, as per the terms of the order. |
| 08 Sep 2026 | Larsen & Toubro Limited, Construction Division | 13.5 | Significant | Manufacturing and supply of street lighting poles for advanced infrastructure illumination across the Northern Region of India |
| 08 Sep 2026 | Larsen & Toubro Limited, Construction Division | 13.5 | Significant | Manufacturing and supply of the lighting system, along with other related works, as per the terms of the order. |
Execution and Revenue Quality
Revenue trends show volatility, with a net loss in Q3FY26 followed by a recovery in subsequent quarters. Operating profit margins have improved, rising from 2.90% in Q3FY26 to 12.67% in Q1FY27.
| Quarter | Revenue (Rs Cr) | Net Profit (Rs Cr) | OPM (%) |
|---|---|---|---|
| Q1FY27 | 50.00 | 2.90 | 12.67% |
| Q4FY26 | 60.80 | 2.60 | 10.22% |
| Q3FY26 | 38.50 | -1.40 | 2.90% |
Revenue Growth and Profitability
Focus Lighting & Fixtures reported annual revenue of Rs 190.70 crore in FY26, up +2.4% year on year. Net profit declined by 66.4% YoY in FY26 to Rs 5.10 crore. On a trailing 12-month consolidated basis, revenue stood at Rs 198.7 crore, net profit at Rs 5.8 crore, and EBITDA at Rs 21.2 crore, with an operating profit margin of 8.6%.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue (Rs Cr) | 190.70 | 186.20 | 230.00 | 170.00 | 106.50 |
| Net Profit (Rs Cr) | 5.10 | 15.20 | 38.70 | 22.70 | 4.60 |
| OPM (%) | 8.48 | 14.28 | 20.76 | 19.85 | 8.52 |
| Revenue YoY (%) | +2.4% | -19.0% | +35.3% | +59.6% | N/A |
| Net Profit YoY (%) | -66.4% | -60.7% | +70.5% | +393.5% | N/A |
Working Capital and Execution Capacity
The company maintains a current ratio of 2.47x as of FY26. Total Liabilities/Equity stands at 0.46x, a proxy figure that includes trade payables and other non-debt liabilities, not just interest-bearing debt. Operating cashflow was positive at Rs 25.90 crore in FY26, with free cashflow (proxy) of Rs 6.40 crore after capex of Rs 19.50 crore.
Valuation Context (as of 12 Sep 2026)
As of 12 Sep 2026, Focus Lighting & Fixtures carried a market capitalisation of Rs 417.08 crore, a stock P/E of 72.1x, and a Price/Book of 2.86x. ROCE for FY26 stood at 5.61% and ROE at 3.46%.
Historical Stock Returns for Focus Lighting & Fixtures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.06% | +0.22% | -11.07% | -11.07% | -11.07% | -11.07% |
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