Recode Studios Key Ratios
BSE: 544755
₹438.00
₹-18.75
(-4.11%)
As on 15-Oct-2026IST
Market cap
₹462 Cr
Revenue (TTM)
₹80 Cr
P/E Ratio
41.2
P/B Ratio
7.8
Div. Yield
0.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | 67.27 | 52.87 | -- |
| EBIT | -- | -- | 182.37 | 132.67 | -- |
| Net Profit | -- | -- | 260.72 | 153.04 | -- |
| EPS | -- | -- | 259.89 | 152.85 | -- |
| Book Value | -- | -- | 124.13 | 55.52 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-26 | Mar-25 | Mar-24 |
| EBIT-Margin
| 11.46 | -- | 19.58 | 11.60 | 3.21 |
| Net Margin
| 7.08 | -- | 14.02 | 6.49 | 0.74 |
| Return on equity
| 42.75 | -- | 79.27 | 43.84 | 5.14 |
| Return on Capital
| 41.65 | -- | 74.93 | 38.41 | 11.62 |
| Return on Assets
| 18.76 | -- | 38.66 | 15.74 | 1.89 |
| Debt to Equity (x)
| -- | -- | 0.32 | 0.87 | 1.43 |
Profitability
ROCE
74.93
Higher than Peers by 45.95
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
74.93
|
38.41
|
11.62
|
14.50
|
--
|
|
Peer Median
|
28.98
|
28.06
|
--
|
26.75
|
--
|
ROE
79.27
Higher than Peers by 57.56
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
79.27
|
43.84
|
5.14
|
13.33
|
--
|
|
Peer Median
|
21.72
|
20.26
|
--
|
22.12
|
--
|
ROA
38.66
Higher than Peers by 25.31
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
38.66
|
15.74
|
1.89
|
5.55
|
--
|
|
Peer Median
|
13.35
|
13.57
|
--
|
15.09
|
--
|
EBIT Margin
19.58
Higher than Peers by 1.06
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
19.58
|
11.60
|
3.21
|
5.55
|
--
|
|
Peer Median
|
18.52
|
19.25
|
--
|
18.38
|
--
|
Net Margin
14.02
Higher than Peers by 0.47
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
14.02
|
6.49
|
0.74
|
3.09
|
--
|
|
Peer Median
|
13.55
|
15.28
|
--
|
15.46
|
--
|
Cash Profit Margin
14.74
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
14.74
|
7.45
|
2.12
|
4.06
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
67.27
Higher than Peers by 59.87
Year on year growth in net sales
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
67.27
|
29.82
|
64.53
|
--
|
--
|
|
Peer Median
|
7.40
|
1.98
|
--
|
13.88
|
--
|
EBIT Growth
182.37
Higher than Peers by 173.28
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
182.37
|
369.28
|
-4.94
|
--
|
--
|
|
Peer Median
|
9.09
|
2.32
|
--
|
6.42
|
--
|
Net Profit Growth
260.72
Higher than Peers by 257.50
Year on year growth in profit after tax
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
260.72
|
1,034.45
|
-60.41
|
--
|
--
|
|
Peer Median
|
3.21
|
8.55
|
--
|
3.62
|
--
|
EPS Growth
259.89
Higher than Peers by 250.46
Year on year growth in earnings per share
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
259.89
|
1,034.47
|
-60.41
|
--
|
--
|
|
Peer Median
|
9.43
|
1.42
|
--
|
3.62
|
--
|
Book Value Growth
124.65
--
Year on year growth in book value per share
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
124.65
|
59.42
|
5.28
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.32
Higher than Peers by 0.23
Total debt / Net worth
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.32
|
0.87
|
1.43
|
0.73
|
--
|
|
Peer Median
|
0.09
|
0.10
|
--
|
0.10
|
--
|
Short term debt to equity ratio
0.16
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.16
|
0.32
|
0.63
|
0.24
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.23
Higher than Peers by 1.01
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
2.23
|
1.74
|
1.73
|
2.14
|
--
|
|
Peer Median
|
1.22
|
1.45
|
--
|
1.38
|
--
|
Quick Ratio
1.47
Higher than Peers by 0.43
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
1.47
|
0.97
|
0.93
|
1.10
|
--
|
|
Peer Median
|
1.04
|
1.07
|
--
|
0.97
|
--
|
Interest Coverage
20.95
Lower than Peers by 13.74
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
20.95
|
4.55
|
1.42
|
3.52
|
--
|
|
Peer Median
|
34.69
|
27.53
|
--
|
59.82
|
--
|
Operating Efficiency
Debtors to sales
19.24
Higher than Peers by 13.96
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
19.24
|
16.92
|
16.13
|
14.88
|
--
|
|
Peer Median
|
5.28
|
7.07
|
--
|
5.93
|
--
|
Asset Turnover
2.84
Higher than Peers by 2.01
Sales / Average Total Assets
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
2.84
|
2.55
|
2.63
|
1.79
|
--
|
|
Peer Median
|
0.83
|
0.80
|
--
|
0.94
|
--
|
Receivable days
51.92
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
51.92
|
50.84
|
44.29
|
54.32
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
43.81
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
43.81
|
57.22
|
58.93
|
91.68
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
53.01
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
53.01
|
52.97
|
43.20
|
88.85
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
42.71
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
42.71
|
55.09
|
60.02
|
57.16
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
36.59
|
52.24
|
--
|
50.52
|
--
|
Price / Book Value
--
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
8.67
|
11.26
|
--
|
10.68
|
--
|
EV/EBITDA
0.78
Lower than Peers by 31.16
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.78
|
1.07
|
4.20
|
2.21
|
--
|
|
Peer Median
|
31.94
|
42.15
|
--
|
43.64
|
--
|
Market Cap
--
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
88,837
|
93,745
|
--
|
77,445
|
--
|
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