Identical Brains Studios Ltd
Incorporated in 2019, Identical Brains
Studios Ltd provides visual effect services,
films, video production, and distribution services[1]
- Market Cap ₹ 23.2 Cr.
- Current Price ₹ 16.6
- High / Low ₹ 49.2 / 14.1
- Stock P/E 14.7
- Book Value ₹ 25.4
- Dividend Yield 0.00 %
- ROCE 5.41 %
- ROE 4.54 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.66 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 423 days.
- Working capital days have increased from 230 days to 408 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.
Peer comparison
Consumer Discretionary Media, Entertainment & Publication Entertainment Media & Entertainment
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 3.89 | 8.04 | 20.09 | 25.48 | 19.12 | |
| 3.19 | 5.73 | 12.48 | 19.02 | 15.62 | |
| Operating Profit | 0.70 | 2.31 | 7.61 | 6.46 | 3.50 |
| OPM % | 17.99% | 28.73% | 37.88% | 25.35% | 18.31% |
| 0.01 | 0.04 | 0.18 | 0.15 | 0.57 | |
| Interest | 0.00 | 0.00 | 0.02 | 0.02 | 0.11 |
| Depreciation | 0.02 | 0.12 | 0.40 | 1.17 | 2.18 |
| Profit before tax | 0.69 | 2.23 | 7.37 | 5.42 | 1.78 |
| Tax % | 27.54% | 27.80% | 27.54% | 27.12% | 11.24% |
| 0.51 | 1.61 | 5.35 | 3.95 | 1.58 | |
| EPS in Rs | 510.00 | 1,610.00 | 7.77 | 2.82 | 1.13 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | -25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| TTM: | -60% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -59% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 17% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 6.89 | 14.03 | 14.03 |
| Reserves | 1.26 | 2.88 | 5.15 | 20.03 | 21.54 |
| 0.00 | 0.00 | 0.19 | 0.15 | 0.10 | |
| 1.00 | 1.87 | 4.80 | 4.79 | 3.54 | |
| Total Liabilities | 2.27 | 4.76 | 17.03 | 39.00 | 39.21 |
| 0.05 | 0.36 | 2.17 | 5.28 | 4.85 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.25 | 1.42 | 5.12 | 0.93 | 8.56 |
| 1.97 | 2.98 | 9.74 | 32.79 | 25.80 | |
| Total Assets | 2.27 | 4.76 | 17.03 | 39.00 | 39.21 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -0.11 | 2.36 | 1.90 | -7.76 | -2.65 | |
| -0.17 | -1.57 | -5.75 | 0.06 | -8.81 | |
| 0.00 | 0.00 | 3.98 | 18.01 | -0.08 | |
| Net Cash Flow | -0.29 | 0.79 | 0.13 | 10.31 | -11.54 |
| Free Cash Flow | -0.15 | 1.93 | -0.31 | -12.04 | -4.40 |
| CFO/OP | 11% | 129% | 52% | -96% | -63% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 48.79 | 23.15 | 111.37 | 239.80 | 423.22 |
| Inventory Days | 0.00 | ||||
| Days Payable | |||||
| Cash Conversion Cycle | 48.79 | 23.15 | 111.37 | 239.80 | 423.22 |
| Working Capital Days | 9.38 | -24.97 | 56.50 | 226.48 | 408.33 |
| ROCE % | 107.21% | 97.75% | 23.43% | 5.41% |
Insights
In beta| Dec 2020 | Dec 2022 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Awards Won (Cumulative since the Year 2020) Number |
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| Net Capital Turnover Ratio Ratio |
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| Number of Permanent Employees Number |
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| Trade Receivable Turnover Ratio Ratio |
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| Number of VFX Shots (High-Volume Project Benchmark) Shots |
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Extracted by Screener AI
Documents
Announcements
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General Updates
26 May 2026 - Board approved FY26 audited results; profit ₹158.14 lakh, and appointed internal auditor for FY27.
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Statement of deviation(s) or variation(s) under Reg. 32
26 May 2026 - Board approved FY26 audited results; profit Rs 158.14 lakh, appointed internal auditor, no IPO fund deviation.
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Outcome of Board Meeting
26 May 2026 - Board approved FY26 audited results; profit Rs 158.14 lakh, appointed internal auditor, no IPO fund deviation.
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Structural Digital Database
21 May 2026 - Submitted SDD compliance certificate for year ended March 31, 2026.
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Disclosure under SEBI Takeover Regulations
4 May 2026 - Promoters disclosed no additional encumbrances for FY ended March 31, 2026.
Business Overview:[1]
IBSL provides offers ac omprehensive suite of VFX services in diverse range of projects such as films, web series, Tele Vision series, documentaries, commercials, etc. Company operates from India and its customers include some of the leading film and content producers, major Bollywood Studios, etc.