Recode Studios Ltd
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand Recode[1]
- Market Cap ₹ 235 Cr.
- Current Price ₹ 221
- High / Low ₹ 233 / 213
- Stock P/E 71.3
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 38.3 %
- ROE 46.4 %
- Face Value ₹ 10.0
Pros
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Personal Products Personal Care
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 22.38 | 36.82 | 47.80 | |
| 20.92 | 35.11 | 41.62 | |
| Operating Profit | 1.46 | 1.71 | 6.18 |
| OPM % | 6.52% | 4.64% | 12.93% |
| 0.06 | 0.12 | 0.14 | |
| Interest | 0.37 | 0.91 | 1.25 |
| Depreciation | 0.21 | 0.53 | 0.64 |
| Profit before tax | 0.94 | 0.39 | 4.43 |
| Tax % | 25.53% | 25.64% | 25.51% |
| 0.69 | 0.27 | 3.30 | |
| EPS in Rs | 663.46 | 259.62 | 3,173.08 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1122% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 |
| Reserves | 5.19 | 5.46 | 8.76 |
| 3.79 | 7.85 | 7.56 | |
| 3.53 | 3.42 | 6.85 | |
| Total Liabilities | 12.52 | 16.74 | 23.18 |
| 0.51 | 2.03 | 2.45 | |
| CWIP | 0.29 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| 11.72 | 14.71 | 20.73 | |
| Total Assets | 12.52 | 16.74 | 23.18 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -5.27 | -1.64 | 3.14 | |
| -0.81 | -1.84 | -1.00 | |
| 6.12 | 3.19 | -1.48 | |
| Net Cash Flow | 0.04 | -0.28 | 0.66 |
| Free Cash Flow | -6.08 | -3.47 | 2.14 |
| CFO/OP | -342% | -90% | 63% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 54.31 | 58.88 | 61.78 |
| Inventory Days | 176.84 | 134.05 | 170.75 |
| Days Payable | 88.73 | 29.97 | 77.29 |
| Cash Conversion Cycle | 142.41 | 162.97 | 155.23 |
| Working Capital Days | 93.61 | 58.78 | 60.32 |
| ROCE % | 11.65% | 38.31% |
Documents
Announcements
Annual reports
No data available.
Business Profile:[1]
Recode Studios is an Indian beauty
and personal care (BPC) brand focused
on cosmetics and skincare. It operates
an asset-light model, concentrating on
branding, marketing, and distribution while outsourcing all manufacturing to third-party suppliers.