Recode Studios Ltd
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About
Incorporated in 2021, Recode Studio is an Indian beauty and personal care company operating under the brand Recode[1]
Key Points
- Market Cap ₹ 168 Cr.
- Current Price ₹
- High / Low ₹ /
- Stock P/E 51.0
- Book Value ₹
- Dividend Yield %
- ROCE 38.3 %
- ROE 46.4 %
- Face Value ₹ 10.0
Pros
Cons
* 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
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Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 22.38 | 36.82 | 47.80 | |
| 20.92 | 35.11 | 41.62 | |
| Operating Profit | 1.46 | 1.71 | 6.18 |
| OPM % | 6.52% | 4.64% | 12.93% |
| 0.06 | 0.12 | 0.14 | |
| Interest | 0.37 | 0.91 | 1.25 |
| Depreciation | 0.21 | 0.53 | 0.64 |
| Profit before tax | 0.94 | 0.39 | 4.43 |
| Tax % | 25.53% | 25.64% | 25.51% |
| 0.69 | 0.27 | 3.30 | |
| EPS in Rs | 663.46 | 259.62 | 3,173.08 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 1122% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 |
| Reserves | 5.19 | 5.46 | 8.76 |
| 3.79 | 7.85 | 7.56 | |
| 3.53 | 3.42 | 6.85 | |
| Total Liabilities | 12.52 | 16.74 | 23.18 |
| 0.51 | 2.03 | 2.45 | |
| CWIP | 0.29 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| 11.72 | 14.71 | 20.73 | |
| Total Assets | 12.52 | 16.74 | 23.18 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -5.27 | -1.64 | 3.14 | |
| -0.81 | -1.84 | -1.00 | |
| 6.12 | 3.19 | -1.48 | |
| Net Cash Flow | 0.04 | -0.28 | 0.66 |
| Free Cash Flow | -6.08 | -3.47 | 2.14 |
| CFO/OP | -342% | -90% | 63% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 54.31 | 58.88 | 61.78 |
| Inventory Days | 176.84 | 134.05 | 170.75 |
| Days Payable | 88.73 | 29.97 | 77.29 |
| Cash Conversion Cycle | 142.41 | 162.97 | 155.23 |
| Working Capital Days | 93.61 | 58.78 | 60.32 |
| ROCE % | 11.65% | 38.31% |
Documents
Annual reports
No data available.
Business Profile:[1]
Recode Studios is an Indian beauty
and personal care (BPC) brand focused
on cosmetics and skincare. It operates
an asset-light model, concentrating on
branding, marketing, and distribution while outsourcing all manufacturing to third-party suppliers.