Sunshine Pictures IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the Sunshine Pictures IPO is good or bad.

Business Overview

Sunshine Pictures Limited, founded in 2007, is one of the leading companies involved in the business of originating, creating, developing, producing, marketing, and distributing films, TV serials, and web series. Sunshine Pictures is a technology-driven content creator involved in making commercial films, covering script development, production, intellectual property creation, rights monetization, and distribution. Force, Commando, Holiday, Force 2, Commando 2, and The Kerala Story are some of the highly popular movies that were made by the company.

Financial Performance

Period EndedRevenueExpenseAssetsPAT
2024 (Consolidated)₹139.46₹69.29₹97.39₹52.45
2025 (Consolidated)₹105.80₹59.59₹131.28₹34.46
2026 (Standalone)₹76.27₹21.90₹179.64₹40.02

Peer Comparison & Valuation

Compare the valuation of Sunshine Pictures against its listed industry peers to determine if the issue price is justified.

EPSNAVCompanyIncomeRoNW %PE Ratio
0.608.47Panorama Studios International Ltd317.35 Cr.7.10%81.00
3.2959.73Baweja Studios Limited69.51 Cr.5.52%8.68
(4.09)51.22Balaji Telefilms Limited221.17 Cr.(7.96%)

Should you apply for the Sunshine Pictures IPO?

Determining whether the Sunshine Pictures IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.