Identical Brains Studios

SMENSE: IDENTICAL
Compare with peers
₹ 16.60▼ 0.05 (−0.3%)28 Oct, 02:08 pm IST
Market cap
₹ 23 Cr.
P/E
14.7x
P/B
0.66x
52-week range
14.1 – 39
ROE
5%
ROCE
5.4%
Debt / equity
0
Sector
Entertainment
Industry
Media & Entertainment
Listed on
NSE SME

About

Identical Brains Studios Limited is an India-based trusted partner network (TPN) audited visual effects (VFX) studio. The Company is engaged in offering a comprehensive suite of VFX services for a diverse range of projects, such as films, Web series, TV series, documentaries, and commercials. Its portfolio includes upcoming projects, such as Tanaav 2, Criminal Justice 4, and completed projects include Khel Khel Mein, Murder in Mahim, Bad Cop, The Crew, Article 370, Mission Raniganj, Dream Girl 2, Indian 2, Rocket Boys, Bob Biswas, Kutch Express, Ek Villian Returns, Night Manager, Criminal Justice 3, Phone Bhoot, Satyamev Jayate 2, Angrezi Medium, Scam 1992: The Harshad Mehta Story, Panipat and many more. Its VFX services include Rotoscopy, Paint/ Cleanup, Compositing 2D/3D, Computer-Generated Imagery (CGI), Match move, Camera tracking, Color grading, and Motion Graphics. Its operations are in India and its customers include film and content producers, including major Bollywood studios.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Media & Entertainment: 24 companies →

Identical Brains Studios against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)14.7 against a typical 42.2: cheaper than most peers (1st = cheapest).8th of 24
  • Sales growth−4.2% against a typical +23.9% from a year earlier.13th of 17
  • Profit growth−89.4% against a typical −44.2% from a year earlier.8th of 11
  • Share price, 3 months−4.3% against a typical −11%.8th of 22
  • Size₹ 23.4 Cr. market value against a typical ₹ 90.1 Cr. (1st = largest).16th of 21

Board meetings

Results dates and other board meetings. Full calendar

Details
26 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
21 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
14 Nov 2025Financial Results/Other business mattersIDENTICAL : 14-Nov-2025 : The Company has informed the Exchange that a Board meeting to be held on November 12, 2025 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on November 14, 2025, To consider and approve the financial results for the period ended September 30, 2025 and other business matters
12 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters
6 Sep 2025Other business mattersIntimation of Board Meeting to be held on Saturday, September 06, 2025.
30 May 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025 and other business matters

Share price

1Y change −56.43%
Volume (shares)Price (₹)
Close price

Financials

Standalone figures in ₹ crore.

Quarterly results
₹ Cr.Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales1011141010
Expenses771279
Operating Profit34231
OPM %28.5%37.1%15.8%27.1%9.6%
Other Income00000
Interest00000
Depreciation01011
Profit before tax33220
Tax %27.2%25.9%28.9%22.6%−2,100%
Net Profit22210
EPS in Rs2.872.331.110.980.15

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
—
3 Years
33%
TTM
−25%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
−1%
TTM
−60%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
19%
3 Years
17%
TTM
—

Shareholding

Latest: Mar 2026.

Promoters
63.74%
FIIs
0.03%
DIIs
1.38%
Public
34.85%

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 14.7xEPS (12 months) ₹ 1.13Median P/E 13.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Identical Brains Studios₹ 16.60₹ 23 Cr.14.7x0.7x5%—
Prime Focus₹ 274.60₹ 21,385 Cr.66.7x10.8x15.4%6.5%
IDream Film Infrastructure Company Ltd₹ 491.90₹ 13,309 Cr.————
PVR INOX₹ 1,405.00₹ 13,797 Cr.45.9x1.3x2.3%2.4%
Tips Music₹ 720.00₹ 9,247 Cr.39.5x32.9x92.3%57.7%
Panorama Studios International₹ 55.87₹ 1,228 Cr.84.8x6x7.6%3.2%

Management

Raghvendra Rai
Executive Chairman of the Board, Managing Director
Milind Bhikajirao More
Chief Financial Officer
Pallavi Ashok Chavan
Compliance Officer, Company Secretary
Sameer Rai
Executive Director, Head - Lucknow Branch

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