MarketFriction

Identical Brains Studios Ltd

NSE IDENTICAL · Media & Entertainment
₹18.45 +10.15%
NSE close2026-09-30
52 week range14.10 - 43.60
Market cap₹23.5 Cr.
P/E14.9
IPO 2024 · -66% since Price band 20% Delivery 100.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales10.0311.3914.089.519.61
Expenses7.177.1611.856.938.69
Operating Profit2.864.232.232.580.92
OPM %28.51%37.14%15.84%27.13%9.57%
Other Income0.070.100.050.210.36
Interest0.010.010.010.010.10
Depreciation0.201.080.091.011.17
Profit before tax2.723.242.181.770.01
Tax %27.21%25.93%28.90%22.60%-2,100.00%
Net Profit1.982.411.551.370.21
EPS in Rs2.872.331.110.980.15
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales3.898.0420.0925.4819.12
Expenses3.195.7312.4819.0215.62
Operating Profit0.702.317.616.463.50
OPM %17.99%28.73%37.88%25.35%18.31%
Other Income0.010.040.180.150.57
Interest0.000.000.020.020.11
Depreciation0.020.120.401.172.18
Profit before tax0.692.237.375.421.78
Tax %27.54%27.80%27.54%27.12%11.24%
Net Profit0.511.615.353.951.58
EPS in Rs510.001,610.007.772.821.13
Dividend Payout %0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%%33%-25%
Compounded Profit Growth%%-1%-60%
Stock Price CAGR%%%-60%
Return on Equity%19%17%5%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.010.016.8914.0314.03
Reserves1.262.885.1520.0321.54
Borrowings0.000.000.190.150.11
Other Liabilities1.001.874.804.793.53
Total Liabilities2.274.7617.0339.0039.21
Fixed Assets0.050.362.175.284.85
CWIP0.000.000.000.000.00
Investments0.251.425.120.938.56
Other Assets1.972.989.7432.7925.80
Total Assets2.274.7617.0339.0039.21
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.112.361.90-7.76-2.24
Cash from Investing Activity-0.17-1.57-5.750.06-9.22
Cash from Financing Activity0.000.003.9818.01-0.08
Net Cash Flow-0.290.790.1310.31-11.54
Free Cash Flow-0.151.93-0.31-12.04-3.99
CFO/OP11%129%52%-96%-51%
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days48.7923.15111.37239.80423.22
Inventory Days
Days Payable
Cash Conversion Cycle48.7923.15111.37239.80423.22
Working Capital Days9.38-24.9756.50226.48408.14
ROCE %107.21%97.75%23.43%5.41%
Dec 2024Mar 2025Sep 2025Mar 2026
Promoters63.74%63.74%63.74%63.74%
FIIs5.46%3.29%0.03%0.03%
DIIs6.47%2.78%1.38%1.38%
Public24.33%30.19%34.85%34.85%
No. of Shareholders963791715676

Fundamentals

Market Cap₹ 23.5 Cr.
Current Price₹ 16.8
Stock P/E14.9
Book Value₹ 25.4
ROCE5.41 %
ROE4.54 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-25%
Compounded Profit Growth (TTM)-60%
Standalone figures.
Ownership
Promoter holding63.74%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodIDENTICALNifty 50Difference
1 week+2.8%-2.8% +5.6 pts
1 month+3.7%-6.8% +10.4 pts
3 months+4.5%-7.6% +12.2 pts
6 months-6.3%+0.4% -6.8 pts
1 year-53.8%-9.9% -43.9 pts

Red flags

No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹10 Cr -4.2% vs Mar 2024. Net profit ₹0 Cr -89.4%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsHigh low price variation greater than 200perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Identical Brains Studios Ltd?

Identical Brains Studios Ltd (IDENTICAL) has a market capitalisation of Rs 23.5 Cr. at the 2026-09-30 close.

What is the P/E ratio of Identical Brains Studios Ltd?

Identical Brains Studios Ltd trades at a P/E of 14.9 on trailing twelve-month profit, at the 2026-09-30 close.

What were Identical Brains Studios Ltd's latest quarterly results?

In the Mar 2026 quarter, Identical Brains Studios Ltd sales was Rs 10 Cr (-4.2% vs Mar 2024) and net profit was Rs 0 Cr.

What is the 52-week high and low of Identical Brains Studios Ltd?

The 52-week high is Rs 43.60 and the 52-week low is Rs 14.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03