---
title: "Recode Studios (RECODE) — Share Price, Financials & Analysis"
symbol: "RECODE"
company: "Recode Studios"
canonical: "https://tapetide.com/stocks/RECODE"
isin: "INE2B6701015"
bse_code: "RECODE"
sector: "FMCG"
industry: "Personal Care"
market_cap_cr: 395.96
generated_at: "2026-09-13T19:57:12.692Z"
---

# Recode Studios (RECODE)

Canonical page: https://tapetide.com/stocks/RECODE

## Company

- **BSE Code:** RECODE
- **ISIN:** INE2B6701015
- **Sector:** FMCG
- **Industry:** Personal Care
- **F&O Eligible:** No

## Latest Price

- **Price:** ₹378.5
- **Change:** +15.2 (+4.18%)
- **Open:** ₹380
- **Day High:** ₹380
- **Day Low:** ₹367
- **Previous Close:** ₹363.3
- **Volume:** 19200
- **As Of:** 2026-09-11T11:19:04+00:00

## Key Fundamentals

Observed at 2026-09-11T04:54:23.679147Z.

- **Market Cap:** ₹395.96 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹60.68
- **Price to Book:** 5.99
- **Dividend Yield:** 0.07%
- **ROE:** 37.64%
- **ROCE:** 48.67%
- **Debt to Equity:** 0.3
- **Revenue (yearly):** ₹79.95 Cr
- **Net Income:** ₹11.1 Cr
- **EBITDA:** ₹16.54 Cr
- **52-Week High:** ₹363.3
- **52-Week Low:** ₹171
- **RSI (14):** 76.29

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 291.46% | 159.58% | 163.87% |
| ebitda margin growth | -55.41% | 57.95% | 327.74% | — |
| net income growth | -57.69% | 236.36% | 153% | — |
| revenue growth | 10.24% | 66.91% | 53% | — |
| roce | — | 227.74% | 168.75% | — |
| roe | — | 651.3% | 18.66% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 29 | 43 |
| Expenses | 25 | 32 |
| Operating Profit | 4 | 11 |
| OPM % | 12 | 25 |
| Other Income | 0 | 0 |
| Interest | 1 | 0 |
| Depreciation | 0 | 1 |
| Profit before tax | 3 | 10 |
| Tax % | 34 | 25 |
| Net Profit | 2 | 7 |
| EPS in Rs | 1730.77 | 9.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 22 | 37 | 48 | 80 |
| Expenses | 21 | 35 | 42 | 63 |
| Operating Profit | 1 | 2 | 6 | 17 |
| OPM % | 7 | 4.6 | 13 | 21 |
| Other Income | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | 4 | 15 |
| Tax % | 26 | 26 | 26 | 25 |
| Net Profit | 1 | 0 | 3 | 11 |
| EPS in Rs | 663.46 | 259.62 | 3173.08 | 13.78 |
| Dividend Payout % | 0 | 0 | 0 | 2 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 8 |
| Reserves | 5 | 5 | 9 | 12 |
| Borrowings | 4 | 8 | 8 | 6 |
| Other Liabilities | 4 | 3 | 7 | 9 |
| Total Liabilities | 13 | 17 | 23 | 35 |
| Fixed Assets | 1 | 2 | 2 | 3 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 12 | 15 | 21 | 32 |
| Total Assets | 13 | 17 | 23 | 35 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -5 | -2 | 3 | 4 |
| Cash from Investing Activity | -1 | -2 | -1 | -2 |
| Cash from Financing Activity | 6 | 3 | -1 | -2 |
| Net Cash Flow | 0 | 0 | 1 | 0 |
| Free Cash Flow | -6 | -3 | 2 | 3 |
| CFO/OP | -342 | -90 | 63 | 73 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 54 | 59 | 62 | 70 |
| Inventory Days | 177 | 134 | 171 | 128 |
| Days Payable | 89 | 30 | 77 | 56 |
| Cash Conversion Cycle | 142 | 163 | 155 | 142 |
| Working Capital Days | 94 | 59 | 60 | 75 |
| ROCE % | — | 12 | 38 | 74 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 |
| --- | --- |
| Promoters | 88.93% |
| FIIs | 0% |
| DIIs | 0% |
| Government | 0% |
| Public | 0% |
| Others | 11.07% |
| No. of Shareholders | 26 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 6 / 4

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 331.18 | Buy |
| EMA (10) | 338.72 | Buy |
| SMA (20) | 320.45 | Buy |
| EMA (20) | 316.72 | Buy |
| SMA (50) | 257.79 | Buy |
| EMA (50) | 275.05 | Buy |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 79.19 | Sell |
| MACD (12,26,9) | 28.01 | Buy |
| Stochastic (14,3,3) | 95.56 | Sell |
| ADX (14) | 46.47 | Buy |
| Williams %R (14) | -7.07 | Sell |
| ATR (14) | 15.75 | High Volatility |
| ROC (12) | 19.66 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 69.66 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Press Release / Media Release](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fe04c5a0-21d1-4328-a515-b31f9e4a3f23.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 30Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1c02120-abb6-4228-a0ce-4cb05a914a57.pdf) |
| 2026-09-08 | [Outcome Of Board Meeting Held On 08Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a367d6f-36c1-474b-b00e-e033c76c9801.pdf) |
| 2026-09-08 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f8e529be-34f7-4191-b64a-974805dee0ed.pdf) |
| 2026-09-08 | [Notice Of 05Th Annual General Meeting To Be Held On 30.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dea61d0a-ed83-48bf-8844-fef9d31500aa.pdf) |
| 2026-09-08 | [Corporate Action- Intimation Of Record Date](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0373340a-a4f5-456d-b594-7608996d7d8e.pdf) |
| 2026-09-04 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9c717dae-61d1-4f64-b146-acc8c016e26b.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=518b2923-431c-40e6-a5ca-55a409d6602e.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d2d34b85-8ec5-44ed-8bed-1aa09fd83700.pdf) |
| 2026-09-01 | [Appointment of Company Secretary and Compliance Officer](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d86bc79-f8bb-46bd-9bbe-ee7e60149f81.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-06-08 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=99cba3a8-f20b-42de-83d9-2043040c470e.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-06-04 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=77ecb1ad-fe10-4696-874a-88c1e5baa77d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-06-03 | [Revised Financial Results For The Half Year And Year Ended 31.03.2026- Rectification Of Typographical Errors In The Audited Financial Results Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dbfcb224-f924-4774-a5f5-236f900cad08.pdf) |
| 2026-05-30 | [Audited Financial Results For The Half Year And Financial Year Ended 31St March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ef245813-9580-4a65-ac1c-38fcb7332658.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=baebf663-25df-4bcf-9821-e31f5fab70e7.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/baebf663-25df-4bcf-9821-e31f5fab70e7.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:57:12.692Z.