Basilic Fly Studio Ltd
Incorporated in 2016, Basilic Fly Studio Ltd
is in the business of post production activities of providing high end visual effects and 2D and 3D conversion[1]
- Market Cap ₹ 536 Cr.
- Current Price ₹ 212
- High / Low ₹ 510 / 200
- Stock P/E 15.0
- Book Value ₹ 94.2
- Dividend Yield 0.00 %
- ROCE 18.6 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 429 days.
- Working capital days have increased from 265 days to 459 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 17 | 24 | 70 | 100 | 74 | |
| 16 | 22 | 34 | 52 | 47 | |
| Operating Profit | 1 | 1 | 36 | 49 | 27 |
| OPM % | 7% | 6% | 52% | 49% | 36% |
| 0 | 0 | 0 | 3 | 2 | |
| Interest | 0 | 0 | 1 | 0 | 2 |
| Depreciation | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 35 | 50 | 25 |
| Tax % | 36% | 32% | 25% | 28% | 27% |
| 0 | 1 | 26 | 36 | 18 | |
| EPS in Rs | 3.40 | 7.90 | 15.55 | 15.58 | 7.86 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 46% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 186% |
| TTM: | -8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 36% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 17 | 23 | 23 | 25 |
| Reserves | 2 | 3 | 13 | 98 | 116 | 213 |
| 0 | 4 | 4 | 2 | 33 | 51 | |
| 6 | 6 | 14 | 22 | 23 | 21 | |
| Total Liabilities | 9 | 14 | 49 | 146 | 195 | 309 |
| 1 | 1 | 2 | 2 | 1 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 2 | 2 | 6 | 47 | 47 |
| 9 | 10 | 45 | 138 | 147 | 258 | |
| Total Assets | 9 | 14 | 49 | 146 | 195 | 309 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2 | 2 | 8 | -21 | -11 | |
| -0 | -3 | -5 | -36 | -13 | |
| -0 | 3 | -1 | 53 | 28 | |
| Net Cash Flow | -3 | 2 | 2 | -5 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 14 | 6 | 103 | 229 | 429 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 14 | 6 | 103 | 229 | 429 |
| Working Capital Days | -100 | -81 | 77 | 259 | 459 |
| ROCE % | 23% | 171% | 64% | 19% |
Insights
In beta| Dec 2013 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Total Workforce Number of Artists/Employees |
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| Client Concentration (Top 5 Clients) Percentage of Revenue |
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| Number of Clients Number |
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| Chennai Office Employee Capacity Number of Seats |
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| Days Sales Outstanding (DSO) Days |
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| Outstanding Order Wins (Consolidated) INR Crores |
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| Projects Completed - Commercials Number of Projects |
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| Projects Completed - Movies Number of Projects |
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| Projects Completed - Web Series Number of Projects |
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Documents
Announcements
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Copy of Newspaper Publication
24 February 2026 - Completion of dispatch of Postal Ballot Notice dated Feb 13, 2026; advertisement published Feb 24, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
23 February 2026 - Q3 & 9M FY2026 earnings call: consol YTD revenue Rs.294cr, Q3 Rs.105cr; order wins Rs.300cr; receivables Rs.53.05cr.
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Shareholders meeting
23 February 2026 - Postal ballot for director and auditor appointments, and RPT approval up to Rs.75 crore; voting ends March 25, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
17 February 2026 - Audio recording of Q3/9M FY2025-26 earnings call (Dec 31, 2025) published Feb 17, 2026.
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Investor Presentation
16 February 2026 - Q3/9M FY26 investor presentation: 9M consolidated revenue INR2,944mn; Q3 consolidated revenue INR1,050mn; operational highlights.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT
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May 2024Transcript PPT
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Nov 2023TranscriptPPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptAI SummaryPPT
Business Overview:[1]
BFS is a visual effects (VFX) studio headquartered in Chennai with subsidiaries in Canada and UK. It specializes in using technology to deliver VFX solutions for movies, TV shows, web series, and commercials. They have ~11,300 completed projects, has 390+ clients, including 1100 movies, 2,100 series, 8,100 commercials, etc. The company is opening a New Creative Hub at New Bangalore Studio to Support“One of Us” (UK subsidiary). [2]