Recode Studios Ltd

Recode Studios Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Recode Studios Ltd

₹ 219 -2.34%
24 Jul - close price
Company website BSE - SME: 544755
About

Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand Recode[1]

Key Points

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.

Website BSE
  • Market Cap ₹ 233 Cr.
  • Current Price ₹ 219
  • High / Low ₹ 239 / 171
  • Stock P/E 20.8
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 73.9 %
  • ROE 78.0 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 55.1%

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

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Half Yearly Results

Figures in Rs. Crores

Mar 2025 Mar 2026
29 43
25 32
Operating Profit 4 11
OPM % 12% 25%
0 0
Interest 1 0
Depreciation 0 1
Profit before tax 3 10
Tax % 34% 25%
2 7
EPS in Rs 1,730.77 9.02
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
22 37 48 80
21 35 42 63
Operating Profit 1 2 6 17
OPM % 7% 5% 13% 21%
0 0 0 0
Interest 0 1 1 1
Depreciation 0 1 1 1
Profit before tax 1 0 4 15
Tax % 26% 26% 26% 25%
1 0 3 11
EPS in Rs 663.46 259.62 3,173.08 13.78
Dividend Payout % 0% 0% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 53%
TTM: 67%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 153%
TTM: 240%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 55%
Last Year: 78%

Balance Sheet

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.01 0.01 0.01 8
Reserves 5 5 9 12
4 8 8 6
4 3 7 9
Total Liabilities 13 17 23 35
1 2 2 3
CWIP 0 0 0 0
Investments 0 0 0 0
12 15 21 32
Total Assets 13 17 23 35

Cash Flows

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
-5 -2 3 4
-1 -2 -1 -2
6 3 -1 -2
Net Cash Flow 0 -0 1 0
Free Cash Flow -6 -3 2 3
CFO/OP -342% -90% 63% 73%

Ratios

Figures in Rs. Crores

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54 59 62 70
Inventory Days 177 134 171 128
Days Payable 89 30 77 56
Cash Conversion Cycle 142 163 155 142
Working Capital Days 94 59 60 75
ROCE % 12% 38% 74%

Insights

In beta
Mar 2024 Mar 2025 Mar 2026
B2B Sales as % of Revenue
%

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FOFO Stores Sales as % of Revenue
%
North Zone Revenue as % of Total
%
Online Sales as % of Revenue
%
Masterclasses/Workshops Conducted
count
Number of Retail Stores
count
Number of SKUs
count
Number of Warehouses
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

7 Recently
May 2026
65.02%
3.41%
12.26%
19.32%
No. of Shareholders 856

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

No data available.

Concalls