Phantom Digital Effects Ltd
Incorporated in 2016, Phantom Digital Effects Ltd provides Visual effects to films, web series, and commercials[1]
- Market Cap ₹ 396 Cr.
- Current Price ₹ 249
- High / Low ₹ 347 / 165
- Stock P/E 19.6
- Book Value ₹ 121
- Dividend Yield 0.00 %
- ROCE 17.6 %
- ROE 13.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 184% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -9.91%
- Company has high debtors of 318 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 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 10 | 13 | 7 | 22 | 58 | 89 | 99 | |
| 9 | 12 | 6 | 15 | 35 | 51 | 60 | |
| Operating Profit | 1 | 1 | 0 | 7 | 23 | 38 | 38 |
| OPM % | 10% | 10% | 5% | 33% | 39% | 43% | 39% |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 2 | 5 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 5 | 8 |
| Profit before tax | 0 | 0 | 0 | 7 | 22 | 33 | 28 |
| Tax % | -200% | 50% | -250% | 25% | 26% | 26% | 28% |
| 0 | 0 | 0 | 5 | 16 | 24 | 20 | |
| EPS in Rs | 60.00 | 110.00 | 80.00 | 4,900.00 | 13.92 | 17.76 | 14.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 64% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 184% |
| 3 Years: | 60% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -2% |
| 1 Year: | -21% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 22% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 12 | 14 | 14 |
| Reserves | 0 | 0 | 0 | 5 | 33 | 131 | 151 |
| 5 | 3 | 4 | 3 | 7 | 21 | 42 | |
| 1 | 2 | 3 | 7 | 8 | 14 | 21 | |
| Total Liabilities | 6 | 5 | 7 | 15 | 59 | 180 | 228 |
| 1 | 1 | 1 | 1 | 10 | 18 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 15 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 4 | 4 | 7 | 14 | 49 | 147 | 196 | |
| Total Assets | 6 | 5 | 7 | 15 | 59 | 180 | 228 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -2 | 2 | -1 | 3 | -10 | -54 | -18 | |
| -1 | -0 | 0 | -0 | -11 | -20 | 2 | |
| 2 | -1 | 1 | -2 | 23 | 89 | 17 | |
| Net Cash Flow | -0 | 0 | 0 | 1 | 2 | 14 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 34 | 5 | 64 | 99 | 207 | 318 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 43 | 34 | 5 | 64 | 99 | 207 | 318 |
| Working Capital Days | 83 | 14 | 121 | 51 | 185 | 349 | 441 |
| ROCE % | 29% | 9% | 119% | 76% | 32% | 18% |
Documents
Announcements
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Press Release
29 October 2025 - PhantomFX acquired 100% of Milk Visual Effects (UK); first tranche paid, share certificate received, approvals completed Oct 2025.
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Updates
25 October 2025 - Phantom to acquire 100% of Milk Visual Effects (UK) for USD 1,631,846; completion within 12 months.
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Outcome of Board Meeting
25 October 2025 - Board approved 25 Oct 2025: acquire 100% Milk VFX (UK) for USD 1,631,846; completion within 12 months.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 October 2025 - Regulation 27(2) corporate governance not applicable for quarter ended Sep 30, 2025 due to SME listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 October 2025 - Certificate under Reg 74(5) confirming demat processing for quarter ended 30 Sep 2025; no share dematerialisations.
Annual reports
Concalls
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Sep 2025TranscriptNotesPPT
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Jun 2025TranscriptPPTREC
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Nov 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023TranscriptPPTREC
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Nov 2023TranscriptNotesPPTREC
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptPPT
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Nov 2022TranscriptPPT
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Oct 2022TranscriptNotesPPTREC
Business Overview:[1][2][3]
PDEL is a Trusted Partner Network (TPN) certified creative visual effects (VFX) studio offering end-to-end services
for film, web series, and commercials to global production houses, including final compositing, 3D element creation, and animation. Company also contributes to the production, pre and post-production of feature films, web series, and commercials. Besides working directly on a particular project, it takes up subcontracts for large VFX studios