Phantom Digital Effects Ltd
Incorporated in 2016, Phantom Digital Effects Ltd provides Visual effects to films, web series, and commercials[1]
- Market Cap ₹ 325 Cr.
- Current Price ₹ 204
- High / Low ₹ 328 / 156
- Stock P/E 16.8
- Book Value ₹ 148
- 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.
Peer comparison
Consumer Discretionary Media, Entertainment & Publication Entertainment Media & Entertainment
Part of Nifty SME Emerge
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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 10 | 13 | 7 | 22 | 58 | 89 | 99 | 118 | |
| 9 | 12 | 6 | 15 | 35 | 51 | 60 | 84 | |
| Operating Profit | 1 | 1 | 0 | 7 | 23 | 38 | 38 | 34 |
| OPM % | 10% | 10% | 5% | 33% | 39% | 43% | 39% | 29% |
| 0 | 0 | 0 | 0 | 1 | 1 | 2 | 4 | |
| Interest | 1 | 1 | 0 | 1 | 1 | 2 | 5 | 5 |
| Depreciation | 1 | 0 | 0 | 0 | 1 | 5 | 8 | 7 |
| Profit before tax | 0 | 0 | 0 | 7 | 22 | 33 | 28 | 27 |
| Tax % | -200% | 50% | -250% | 25% | 26% | 26% | 28% | |
| 0 | 0 | 0 | 5 | 16 | 24 | 20 | 19 | |
| EPS in Rs | 60.00 | 110.00 | 80.00 | 4,900.00 | 13.92 | 17.76 | 14.89 | 13.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 64% |
| TTM: | 42% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 184% |
| 3 Years: | 60% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -3% |
| 1 Year: | -12% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 12 | 14 | 14 | 16 |
| Reserves | 0 | 0 | 0 | 5 | 33 | 131 | 151 | 219 |
| 5 | 3 | 4 | 3 | 7 | 21 | 42 | 35 | |
| 1 | 2 | 3 | 7 | 8 | 14 | 21 | 29 | |
| Total Liabilities | 6 | 5 | 7 | 15 | 59 | 180 | 228 | 298 |
| 1 | 1 | 1 | 1 | 10 | 18 | 18 | 16 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 15 | 12 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 19 |
| 4 | 4 | 7 | 14 | 49 | 147 | 196 | 252 | |
| Total Assets | 6 | 5 | 7 | 15 | 59 | 180 | 228 | 298 |
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 |
| Free Cash Flow | -2 | 2 | -1 | 3 | -21 | -82 | -23 |
| CFO/OP | -189% | 150% | -152% | 63% | -18% | -122% | -39% |
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% |
Insights
In beta| Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2018 | Dec 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Creative Workforce (Artists Count) Number |
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| Studio Square Footage Sq. Ft. |
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| Cumulative Project Deliveries Number |
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| Production Volume (Annual VFX Shots) Shots |
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| Revenue Mix - International % |
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| Cumulative Creation Hours Million Hours |
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| Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Copy of Newspaper Publication
23 April 2026 - Phantom Digital Effects published EOGM notice; meeting on 14 May 2026, with remote e-voting from 11-13 May.
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Shareholders meeting
21 April 2026 - EGM on 14 May 2026 to approve ₹115.7 crore CCD issue to Zee, capital hike, and two independent directors.
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Press Release
17 April 2026 - Zee to invest up to Rs 116 crore in PhantomFX via CCDs, subject to shareholder approval.
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Outcome of Board Meeting
17 April 2026 - Board approved up to ₹115.7 crore CCD issue to Zee Entertainment, plus capital increase and EGM.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no shares dematerialised.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Sep 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptPPTREC
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Nov 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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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 2023TranscriptAI SummaryPPTREC
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May 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptPPT
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Nov 2022TranscriptPPT
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Oct 2022TranscriptAI SummaryPPTREC
Business Overview:[1]
PDEL is a Trusted Partner Network (TPN) certified creative visual effects (VFX) studio offering creative visual effects solutions for commercials, films, and web series. It offers pre-production services and post-production services, including final compositing and roto to create 3D elements, photo-real creatures and environments, 3d, match move, and animations. The company has direct partnerships with diverse production houses, as well as collaborating with prominent VFX companies and studios through subcontracting arrangements.