Identical Brains Studios
IDENTICAL NSE
Identical Brains Studios
MediaNSE: IDENTICAL Media & Entertainment
Key Fundamentals
SMEMedia & EntertainmentMediaMarket Cap
₹27.21 Cr
Volatility
Moderate
P/E Ratio
16.8
EBITDA
₹4.10 Cr
Return on Equity
4.45%
Debt to Equity
0
Book Value
₹25.35
52W High
₹43.6
52W Low
₹14.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.74 times its book value
Weaknesses
4- 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
Growth Rate
Revenue Growth
-23.05% lower than
3Y
Net Income Growth
-60% lower than
3Y
Cash Flow Change
71.13% higher than
3Y
ROE
-61.64% lower than
3Y
ROCE
-66.71% higher than
3Y
EBITDA Margin (Avg.)
-19.93% higher than
3Y
Quarterly Results
| Particulars | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 10.03 | 11.39 | 14.08 | 9.51 | 9.61 |
| Expenses | 7.17 | 7.16 | 11.85 | 6.93 | 8.69 |
| Operating Profit | 2.86 | 4.23 | 2.23 | 2.58 | 0.92 |
| OPM % | 28.51% | 37.14% | 15.84% | 27.13% | 9.57% |
| Other Income | 0.07 | 0.1 | 0.05 | 0.21 | 0.36 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.1 |
| Depreciation | 0.2 | 1.08 | 0.09 | 1.01 | 1.17 |
| PBT | 2.72 | 3.24 | 2.18 | 1.77 | 0.01 |
| Tax % | 27.21% | 25.93% | 28.9% | 22.6% | -2100% |
| Net Profit | 1.98 | 2.41 | 1.55 | 1.37 | 0.21 |
| EPS in Rs | 2.87 | 2.33 | 1.11 | 0.98 | 0.15 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 3.89 | 8.04 | 20.09 | 25.48 | 19.12 |
| Expenses | 3.19 | 5.73 | 12.48 | 19.02 | 15.62 |
| Operating Profit | 0.7 | 2.31 | 7.61 | 6.46 | 3.5 |
| OPM % | 17.99% | 28.73% | 37.88% | 25.35% | 18.31% |
| Other Income | 0.01 | 0.04 | 0.18 | 0.15 | 0.57 |
| Interest | 0 | 0 | 0.02 | 0.02 | 0.11 |
| Depreciation | 0.02 | 0.12 | 0.4 | 1.17 | 2.18 |
| PBT | 0.69 | 2.23 | 7.37 | 5.42 | 1.78 |
| Tax % | 27.54% | 27.8% | 27.54% | 27.12% | 11.24% |
| Net Profit | 0.51 | 1.61 | 5.35 | 3.95 | 1.58 |
| EPS in Rs | 510 | 1,610 | 7.77 | 2.82 | 1.13 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
| Borrowings | 0 | 0 | 0.19 | 0.15 | 0.11 |
| Other Liabilities | 1 | 1.87 | 4.8 | 4.79 | 3.53 |
| Total Liabilities | 2.27 | 4.76 | 17.03 | 39 | 39.21 |
| Fixed Assets | 0.05 | 0.36 | 2.17 | 5.28 | 4.85 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.25 | 1.42 | 5.12 | 0.93 | 8.56 |
| Other Assets | 1.97 | 2.98 | 9.74 | 32.79 | 25.8 |
| Total Assets | 2.27 | 4.76 | 17.03 | 39 | 39.21 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | -0.11 | 2.36 | 1.9 | -7.76 | -2.24 |
| Investing | -0.17 | -1.57 | -5.75 | 0.06 | -9.22 |
| Financing | 0 | 0 | 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 | -3.99 |
| CFO/OP | 11 | 129 | 52 | -96 | -51 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 48.79 | 23.15 | 111 | 240 | 423 |
| Cash Conversion Cycle | 48.79 | 23.15 | 111 | 240 | 423 |
| Working Capital Days | 9.38 | -24.97 | 56.5 | 226 | 408 |
| ROCE % | — | 107.21% | 97.75% | 23.43% | 5.41% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Identical Brains Studios insights
43 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Outcome of Board Meeting
27 Aug - Board approved AGM on 19 September 2026, annual report, e-voting dates, and book closure. 27 Aug - Board approved AGM on 19 September 2026, annual report, e-voting dates, and book closure.
2
Shareholders meeting
27 Aug - 06th AGM on 19 Sept 2026; shareholders to adopt FY26 audited results and reappoint Raghvendra Rai. 27 Aug - 06th AGM on 19 Sept 2026; shareholders to adopt FY26 audited results and reappoint Raghvendra Rai.
3
Updates
27 Aug - Book closure from 13 September 2026 to 19 September 2026 for AGM on 19 September 2026. 27 Aug - Book closure from 13 September 2026 to 19 September 2026 for AGM on 19 September 2026.
4
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
21 Jul - Company states corporate governance provisions are not applicable for quarter ended June 30, 2026. 21 Jul - Company states corporate governance provisions are not applicable for quarter ended June 30, 2026.
5
General Updates
18 Jul - NSE price-movement clarification: company says no pending price-sensitive events; share movement is market-driven. 18 Jul - NSE price-movement clarification: company says no pending price-sensitive events; share movement is market-driven.
Frequently Asked Questions about Identical Brains Studios
What does Identical Brains Studios Ltd do?
Incorporated in 2019, Identical Brains
Studios Ltd provides visual effect services,
films, video production, and distribution services[1]
Where is Identical Brains Studios Ltd (IDENTICAL) listed?
Identical Brains Studios Ltd trades as IDENTICAL on the NSE.
Which sector does Identical Brains Studios Ltd belong to?
Identical Brains Studios Ltd is classified under the Media sector, in the Media & Entertainment industry.
What is the market capitalisation of Identical Brains Studios Ltd?
Identical Brains Studios Ltd has a market capitalisation of ₹27.21 Cr, which places it in the Small Cap band.
What is the PE ratio of Identical Brains Studios Ltd?
Identical Brains Studios Ltd trades at a PE ratio of 16.80, against a book value of ₹25.35 per share.
What is the 52-week high and low of Identical Brains Studios Ltd?
Over the last 52 weeks Identical Brains Studios Ltd has traded between ₹14.1 and ₹43.6.
What is the Return on Equity (ROE) of Identical Brains Studios Ltd?
Identical Brains Studios Ltd reported a return on equity of 4.45%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 2019, Identical Brains Studios Ltd provides visual effect services, films, video production, and distribution services[1]
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