Market cap
₹318 Cr
Revenue (TTM)
₹48 Cr
P/E Ratio
28.3
P/B Ratio
5.6
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -- | -- | 29.82 | -- | -- |
| EBIT | -- | -- | 369.32 | -- | -- |
| Net Profit | -- | -- | 1,104.12 | -- | -- |
| EPS | -- | -- | 1,104.15 | -- | -- |
| Book Value | -- | -- | 60.36 | -- | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Mar-25 | Mar-24 | Mar-23 |
| EBIT-Margin
| -- | -- | 11.60 | 3.21 | 5.55 |
| Net Margin
| -- | -- | 6.89 | 0.74 | 3.09 |
| Return on equity
| -- | -- | 46.37 | 5.14 | 13.33 |
| Return on Capital
| -- | -- | 38.34 | 11.62 | 14.50 |
| Return on Assets
| -- | -- | 16.71 | 1.89 | 5.55 |
| Debt to Equity (x)
| -- | -- | 0.86 | 1.43 | 0.73 |
Profitability
ROCE
38.34
Higher than Peers by 10.28
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
38.34
|
11.62
|
14.50
|
--
|
--
|
|
Peer Median
|
28.06
|
--
|
26.75
|
--
|
--
|
ROE
46.37
Higher than Peers by 26.11
Profit after tax / Average Net worth * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
46.37
|
5.14
|
13.33
|
--
|
--
|
|
Peer Median
|
20.26
|
--
|
22.12
|
--
|
--
|
ROA
16.71
Higher than Peers by 3.14
Profit after tax / Average Total assets * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
16.71
|
1.89
|
5.55
|
--
|
--
|
|
Peer Median
|
13.57
|
--
|
15.09
|
--
|
--
|
EBIT Margin
11.60
Lower than Peers by 7.65
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
11.60
|
3.21
|
5.55
|
--
|
--
|
|
Peer Median
|
19.25
|
--
|
18.38
|
--
|
--
|
Net Margin
6.89
Lower than Peers by 8.39
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
6.89
|
0.74
|
3.09
|
--
|
--
|
|
Peer Median
|
15.28
|
--
|
15.46
|
--
|
--
|
Cash Profit Margin
7.83
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
7.83
|
2.12
|
4.06
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
29.82
Higher than Peers by 27.84
Year on year growth in net sales
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
29.82
|
64.53
|
--
|
--
|
--
|
|
Peer Median
|
1.98
|
--
|
13.88
|
--
|
--
|
EBIT Growth
369.32
Higher than Peers by 367.00
Year on year growth in operating profit (EBIT)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
369.32
|
-4.94
|
--
|
--
|
--
|
|
Peer Median
|
2.32
|
--
|
6.42
|
--
|
--
|
Net Profit Growth
1,104.12
Higher than Peers by 1,095.57
Year on year growth in profit after tax
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
1,104.12
|
-60.41
|
--
|
--
|
--
|
|
Peer Median
|
8.55
|
--
|
3.62
|
--
|
--
|
EPS Growth
1,104.15
Higher than Peers by 1,102.73
Year on year growth in earnings per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
1,104.15
|
-60.41
|
--
|
--
|
--
|
|
Peer Median
|
1.42
|
--
|
3.62
|
--
|
--
|
Book Value Growth
60.36
--
Year on year growth in book value per share
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
60.36
|
5.28
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.86
Higher than Peers by 0.76
Total debt / Net worth
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.86
|
1.43
|
0.73
|
--
|
--
|
|
Peer Median
|
0.10
|
--
|
0.10
|
--
|
--
|
Short term debt to equity ratio
0.32
--
(Short term borrowings / Net worth)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.32
|
0.63
|
0.24
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.75
Higher than Peers by 0.31
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
1.75
|
1.73
|
2.14
|
--
|
--
|
|
Peer Median
|
1.45
|
--
|
1.38
|
--
|
--
|
Quick Ratio
0.97
Lower than Peers by 0.10
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
0.97
|
0.93
|
1.10
|
--
|
--
|
|
Peer Median
|
1.07
|
--
|
0.97
|
--
|
--
|
Interest Coverage
4.55
Lower than Peers by 22.99
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
4.55
|
1.42
|
3.52
|
--
|
--
|
|
Peer Median
|
27.53
|
--
|
59.82
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.92
Higher than Peers by 9.85
Debtors outstanding / Net Sales * 100
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
16.92
|
16.13
|
14.88
|
--
|
--
|
|
Peer Median
|
7.07
|
--
|
5.93
|
--
|
--
|
Asset Turnover
2.55
Higher than Peers by 1.75
Sales / Average Total Assets
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
2.55
|
2.63
|
1.79
|
--
|
--
|
|
Peer Median
|
0.80
|
--
|
0.94
|
--
|
--
|
Receivable days
50.84
--
Average Debtors / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
50.84
|
44.29
|
54.32
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
57.22
--
Average Inventory / Sales * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
57.22
|
58.93
|
91.68
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
52.78
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
52.78
|
43.20
|
88.85
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
55.28
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
55.28
|
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-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
52.24
|
--
|
50.52
|
--
|
--
|
Price / Book Value
--
--
Current share price divided by book value per share in the latest financial year
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
11.26
|
--
|
10.68
|
--
|
--
|
EV/EBITDA
1.07
Lower than Peers by 41.08
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
1.07
|
4.20
|
2.21
|
--
|
--
|
|
Peer Median
|
42.15
|
--
|
43.64
|
--
|
--
|
Market Cap
--
--
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
Mar-25
|
Mar-24
|
Mar-23
|
Mar-22
|
Mar-21
|
|---|---|---|---|---|---|
|
Recode Studios
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
93,745
|
--
|
77,445
|
--
|
--
|