Digikore Studios Ltd
Incorporated in 2000, Digikore Studios
Ltd provides Visual effect services and
digital shows[1]
- Market Cap ₹ 99.6 Cr.
- Current Price ₹ 78.6
- High / Low ₹ 155 / 64.8
- Stock P/E
- Book Value ₹ 30.6
- Dividend Yield 0.00 %
- ROCE -11.1 %
- ROE -18.7 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.72% over last 3 years.
- Company has high debtors of 405 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 7.43 | 7.86 | 8.69 | 4.89 | 24.88 | 34.44 | 44.96 | 35.61 | 45.11 | |
| 6.48 | 8.39 | 8.09 | 5.14 | 22.52 | 28.08 | 32.10 | 40.17 | 47.30 | |
| Operating Profit | 0.95 | -0.53 | 0.60 | -0.25 | 2.36 | 6.36 | 12.86 | -4.56 | -2.19 |
| OPM % | 12.79% | -6.74% | 6.90% | -5.11% | 9.49% | 18.47% | 28.60% | -12.81% | -4.85% |
| 0.55 | 1.88 | 0.35 | 1.28 | 0.00 | 1.12 | 2.42 | 0.78 | 2.39 | |
| Interest | 0.68 | 0.77 | 0.66 | 0.73 | 0.40 | 0.71 | 1.31 | 2.66 | 4.29 |
| Depreciation | 0.79 | 0.54 | 0.24 | 0.26 | 0.92 | 1.04 | 1.18 | 3.22 | 4.41 |
| Profit before tax | 0.03 | 0.04 | 0.05 | 0.04 | 1.04 | 5.73 | 12.79 | -9.66 | -8.50 |
| Tax % | 33.33% | 0.00% | 0.00% | 25.00% | 55.77% | 23.56% | 25.33% | -24.95% | |
| 0.03 | 0.05 | 0.06 | 0.03 | 0.47 | 4.37 | 9.54 | -7.25 | -6.69 | |
| EPS in Rs | 7.51 | -5.71 | -5.27 | ||||||
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 13% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -206% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | -19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 1.18 | 6.33 | 6.33 | 6.33 |
| Reserves | -0.23 | -0.19 | -0.13 | -0.10 | 0.35 | 4.73 | 36.13 | 28.88 | 32.48 |
| 4.50 | 5.02 | 4.61 | 4.99 | 3.49 | 6.08 | 8.71 | 39.63 | 41.03 | |
| 1.02 | 2.09 | 1.46 | 1.92 | 3.23 | 7.14 | 6.27 | 9.39 | 12.89 | |
| Total Liabilities | 6.47 | 8.10 | 7.12 | 7.99 | 8.25 | 19.13 | 57.44 | 84.23 | 92.73 |
| 1.90 | 1.56 | 1.54 | 2.80 | 4.17 | 3.91 | 8.95 | 20.39 | 14.71 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.32 | 6.79 | 0.00 | 0.00 |
| Investments | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 1.24 | 0.02 | 3.78 |
| 4.55 | 6.52 | 5.56 | 5.17 | 4.06 | 12.88 | 40.46 | 63.82 | 74.24 | |
| Total Assets | 6.47 | 8.10 | 7.12 | 7.99 | 8.25 | 19.13 | 57.44 | 84.23 | 92.73 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | -0.30 | 0.55 | 1.32 | 4.17 | 1.23 | -16.57 | -21.57 | |
| 0.00 | -0.19 | -0.22 | -1.69 | -2.29 | -3.10 | -11.90 | -6.65 | |
| 0.00 | 0.53 | -0.41 | 0.37 | -1.89 | 1.87 | 28.54 | 28.24 | |
| Net Cash Flow | 0.00 | 0.04 | -0.08 | 0.00 | -0.01 | 0.00 | 0.07 | 0.02 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85.97 | 171.82 | 131.47 | 214.97 | 20.39 | 63.48 | 200.04 | 405.49 |
| Inventory Days | ||||||||
| Days Payable | ||||||||
| Cash Conversion Cycle | 85.97 | 171.82 | 131.47 | 214.97 | 20.39 | 63.48 | 200.04 | 405.49 |
| Working Capital Days | 163.10 | 195.50 | 59.64 | 19.41 | -46.65 | -11.66 | 268.07 | 173.12 |
| ROCE % | 6.11% | 12.17% | 13.13% | 25.97% | 75.72% | 43.98% | -11.13% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
4 December 2025 - Dec 10, 2025 11:30 AM virtual Bharat Connect Conference investor meeting hosted by Arihant Capital Markets.
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Analysts/Institutional Investor Meet/Con. Call Updates
4 December 2025 - Analyst/investor Zoom meeting on 03-Dec-2025 with 23 participants; no presentation or UPSI shared.
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Press Release
2 December 2025 - Secured ₹83 crore (US$9.3M) multi-year AI-series deal with Angel Studios; 60 episodes; production Jan 2026.
-
Updates
1 December 2025 - Won US$9.3M (₹83 Cr) order for 60-episode Gen-AI series; production Jan 2026–Dec 2027.
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Analysts/Institutional Investor Meet/Con. Call Updates
28 November 2025 - Analyst/investor virtual meeting scheduled 03/12/2025 at 12:00 PM IST.
Annual reports
Concalls
-
Nov 2025Transcript PPT REC
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Sep 2025TranscriptAI SummaryPPT
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Jun 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jun 2024Transcript PPT
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptPPT
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Nov 2023TranscriptPPT
Business Overview:[1]
DSL is an TPN certified VFX studio based in India which specializes in Visual Effects for Films, Web Series, T.V. Series, Documentaries, and Commercials. It has worked
on 250+ Hollywood Films, TV Series, Web Series and Commercials