Focus Lighting and Fixtures (NSE:FOCUS) Debt-to-Equity: 0.13 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:FOCUS Focus Lighting and Fixtures Ltd NSE:FOCUS
87 GF Score
Price ₹70.00
GF Value ₹101.64
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Focus Lighting and Fixtures Debt-to-Equity?

Focus Lighting and Fixtures NSE:FOCUS -0.03% 87 Debt-to-Equity is 0.13 as of Mar. 2026, which is at its 10-year median of 0.13. GuruFocus rates NSE:FOCUS with a GF Score™ of 87/100 and a GF Value™ of ₹101.64 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 379 Furnishings, Fixtures & Appliances companies, Focus Lighting and Fixtures ranks better than 73.88% on this metric.

Focus Lighting and Fixtures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹106 Mil. Focus Lighting and Fixtures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₹90 Mil. Focus Lighting and Fixtures's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₹1,463 Mil. Focus Lighting and Fixtures's debt to equity for the quarter that ended in Mar. 2026 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Focus Lighting and Fixtures's Debt-to-Equity or its related term are showing as below:

NSE:FOCUS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.13   Max: 0.3
Current: 0.13

During the past 13 years, the highest Debt-to-Equity Ratio of Focus Lighting and Fixtures was 0.30. The lowest was 0.04. And the median was 0.13.

NSE:FOCUS's Debt-to-Equity is ranked better than
73.88% of 379 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.32 vs NSE:FOCUS: 0.13

Focus Lighting and Fixtures  (NSE:FOCUS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Focus Lighting and Fixtures Debt-to-Equity Related Terms


Focus Lighting and Fixtures Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Focus Lighting and Fixtures's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Focus Lighting and Fixtures Debt-to-Equity Chart

Focus Lighting and Fixtures Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.09 0.12 0.14 0.13

Focus Lighting and Fixtures Quarterly Data
Mar16 Sep16 Mar17 Sep17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.09 0.14 0.09 0.13

NSE:FOCUS vs SN, SGI, MHK: Debt-to-Equity Comparison

For the Furnishings, Fixtures & Appliances subindustry, Focus Lighting and Fixtures's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Focus Lighting and Fixtures Debt-to-Equity vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Focus Lighting and Fixtures's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Focus Lighting and Fixtures's Debt-to-Equity falls into.


NSE:FOCUS
87GF Score
Focus Lighting and Fixtures Ltd NSE:FOCUS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Focus Lighting and Fixtures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Focus Lighting and Fixtures's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Focus Lighting and Fixtures's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.13 mean?
Focus Lighting and Fixtures (NSE:FOCUS) has a Debt-to-Equity of 0.13 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Focus Lighting and Fixtures and its competitors. This is near median its historical median of 0.13. Over the past decade, Focus Lighting and Fixtures' Debt-to-Equity has ranged from 0.04 to 0.30. According to the industry distribution chart, Focus Lighting and Fixtures ranks #99 out of 379 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 26.1%.
Is Focus Lighting and Fixtures' Debt-to-Equity too high?
Focus Lighting and Fixtures' current Debt-to-Equity of 0.13 is near median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.30. The Furnishings, Fixtures & Appliances industry median Debt-to-Equity is 0.32. Focus Lighting and Fixtures' value of 0.13 is 59.4% below this industry median. Based on the distribution chart, Focus Lighting and Fixtures ranks #99 out of 379 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Focus Lighting and Fixtures has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Focus Lighting and Fixtures' Debt-to-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Focus Lighting and Fixtures ranks #99 out of 379 companies for Debt-to-Equity. This puts Focus Lighting and Fixtures in the upper half of its industry. The industry median Debt-to-Equity is 0.32. Focus Lighting and Fixtures' value of 0.13 is 59.4% below this benchmark. Historically, Focus Lighting and Fixtures' own Debt-to-Equity has ranged from 0.04 to 0.30 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.32, Focus Lighting and Fixtures has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Furnishings, Fixtures & Appliances company?
The median Debt-to-Equity among Furnishings, Fixtures & Appliances companies is 0.32, based on 379 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Focus Lighting and Fixtures's current Debt-to-Equity of 0.13 is 59.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Focus Lighting and Fixtures and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focus Lighting and Fixtures's current Debt-to-Equity is 0.13, which is near median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Lighting and Fixtures stock overvalued right now?
Based on GuruFocus' analysis, Focus Lighting and Fixtures (NSE:FOCUS) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹101.64, compared to a current price of ₹70.00 — trading 31.1% below its estimated fair value. The current Debt-to-Equity is 0.13, which is near median its 10-year median of 0.13 and 59.4% below the Furnishings, Fixtures & Appliances industry median of 0.32. Focus Lighting and Fixtures' overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Focus Lighting and Fixtures (NSE:FOCUS), the current Debt-to-Equity is 0.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Focus Lighting and Fixtures (NSE:FOCUS) Overvalued in 2026?

Based on GuruFocus' analysis, Focus Lighting and Fixtures stock appears to be undervalued. The current stock price of ₹70.00 is trading 31.1% below its estimated GF Value™ of ₹101.64. GuruFocus considers Focus Lighting and Fixtures to be Significantly Undervalued.

Key valuation signals for NSE:FOCUS:

  • Debt-to-Equity: 0.13 (near median its 10-year median of 0.13)
  • GF Value™: ₹101.64 vs. price of ₹70.00 (31.1% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 59.4% below the Furnishings, Fixtures & Appliances median (#99 of 379)

No single metric tells the full story. See the NSE:FOCUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Focus Lighting and Fixtures Business Description

Address Sonawala Road, Near Udyog Bhavan, 1007-1010, Corporate Avenue Wing A, IndusInd Bank Limited, Goregaon East, Mumbai, MH, IND, 400063
Focus Lighting and Fixtures Ltd provide lighting fixtures. The company has two reportable segments namely trading and manufacturing activities. It generates maximum revenue from the Trading segment. The company products include cabinet lights, lighting systems, pendants, recessed, semi-recessed, surface, track, and trimless.
87GF Score

Get the complete analysis for NSE:FOCUS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹70.00
Price
₹101.64
GF Value