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BSE: 0 | NSE: DIGIKORE | Film Production, Distribution & Entertainment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Digikore Studios Ltd is a below average quality company.
The key valuation ratios of Digikore Studios Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Digikore Studios Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 8.9% | 15.2% | 48.6% | - |
| Value Creation Index ⓘ | -0.4 | 0.1 | 2.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 4.9 | 24.9 | 34.4 | 34 |
| Sales YoY Gr. | - | 410.9% | 38.4% | - |
| Adj EPS ⓘ | 0.1 | 1.2 | 7.7 | 6.9 |
| YoY Gr. | - | 2280% | 544.5% | - |
| BVPS (₹) ⓘ | 2.3 | 3.2 | 12.5 | 71 |
| Adj Net Profit ⓘ | 0 | 0.6 | 3.6 | 4 |
| Cash Flow from Ops. ⓘ | 1.9 | 4.2 | 1.2 | - |
| Debt/CF from Ops. ⓘ | 2.7 | 0.8 | 4.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 38.4% | ||||
| Adj EPS ⓘ | NA | NA | NA | 544.5% | ||||
| BVPSⓘ | NA | NA | NA | 285.2% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 2.3 | 43.1 | 97.6 | 16.6 |
| Op. Profit Mgn % ⓘ | -5.3 | 10 | 18.5 | NAN |
| Net Profit Mgn % ⓘ | 0.5 | 2.3 | 10.6 | 12.7 |
| Debt to Equity ⓘ | 4.7 | 2.3 | 1 | - |
| Working Cap Days ⓘ | 0 | 67 | 88 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 11 | 9 | 0 |
Debt to equity has declined versus last 3 years average to 1.03
Return on Equity has declined versus last 3 years average to 16.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.9 | 6.2 |
| TTM Sales (₹ Cr.) | 34.4 | 35.8 |
| BVPS (₹.) ⓘ | 71 | 10 |
| Reserves (₹ Cr.) ⓘ | 39 | - |
| P/BV ⓘ | 7.52 | 53.34 |
| PE ⓘ | 77.21 | 86.79 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 338 |
| Equity (₹ Cr.) | 6.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 46.2 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 5 | 25 | 34 |
| Operating Expenses ⓘ | 5 | 23 | 28 |
| Manufacturing Costs | 2 | 13 | 8 |
| Material Costs | 0 | 0 | 0 |
| Employee Cost | 2 | 5 | 12 |
| Other Costs ⓘ | 1 | 4 | 8 |
| Operating Profit ⓘ | 0 | 2 | 6 |
| Operating Profit Margin (%) | -5.5% | 9.5% | 18.5% |
| Other Income ⓘ | 1 | 0 | 1 |
| Interest ⓘ | 1 | 0 | 1 |
| Depreciation ⓘ | 0 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 6 |
| Tax ⓘ | 0 | 1 | 1 |
| Profit After Tax | 0 | 0 | 4 |
| PAT Margin (%) | 0.4% | 1.9% | 12.7% |
| Adjusted EPS (₹) | 0.0 | 1.0 | 9.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1 | 2 | 6 | |||||||
| Share Capital ⓘ | 1 | 1 | 1 | |||||||
| Reserves ⓘ | 0 | 0 | 5 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 5 | 2 | 6 | |||||||
| Long Term Debt | 2 | 0 | 1 | |||||||
| Short Term Debt | 3 | 1 | 5 | |||||||
| Trade Payables | 1 | 1 | 3 | |||||||
| Others Liabilities ⓘ | 1 | 4 | 5 | |||||||
| Total Liabilities ⓘ | 8 | 8 | 19 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 7 | 9 | 10 | |||||||
| Accumulated Depreciation | 6 | 7 | 7 | |||||||
| Net Fixed Assetsⓘ | 1 | 3 | 2 | |||||||
| CWIP ⓘ | 0 | 0 | 2 | |||||||
| Investmentsⓘ | 1 | 1 | 1 | |||||||
| Inventories | 0 | 0 | 0 | |||||||
| Trade Receivables | 3 | 1 | 6 | |||||||
| Cash Equivalents | 0 | 0 | 0 | |||||||
| Others Assetsⓘ | 2 | 3 | 7 | |||||||
| Total Assets ⓘ | 8 | 8 | 19 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 4 | 1 |
| PBT ⓘ | 0 | 1 | 6 |
| Adjustment ⓘ | 1 | 1 | 2 |
| Changes in Working Capital ⓘ | 1 | 2 | -6 |
| Tax Paid ⓘ | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -2 | -2 | -3 |
| Capex | 0 | -2 | -3 |
| Net Investments | -1 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | -2 | 2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -1 | 1 |
| Interest Paid ⓘ | -1 | 0 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 1 | 0 | 2 |
| Net Cash Flow ⓘ | 0 | 0 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.68 | 35.74 | 117.53 | |||||||
| ROCE (%) | 12.52 | 26.03 | 75.73 | |||||||
| Asset Turnover Ratio | 0.61 | 3.07 | 2.55 | |||||||
| PAT to CFO Conversion(x) | N/A | N/A | 0.25 | Working Capital Days | ||||||
| Receivable Days | 210 | 31 | 39 | |||||||
| Inventory Days | 0 | 0 | 0 | |||||||
| Payable Days | 0 | 0 | 0 | |||||||
Digikore Studios was incorporated on July 25, 2000 as a private limited company under the provisions of Companies Act, 1956 with the Registrar of Companies, Pune in the name and style of ‘Digikore Studios Private Limited’. Subsequently, the company was converted into Public Limited company pursuant to which the name of the company was changed to ‘Digikore Studios Limited’ vide shareholder’s approval on September 28, 2001 and fresh certificate of incorporation dated January 16, 2002 issued by Registrar of Companies. Mumbai. Subsequently, the company was converted into Private Limited company pursuant to which the name of the company was changed to ‘Digikore Studios Private Limited’ vide shareholder’s approval on September 24, 2013 and fresh certificate of incorporation dated November 01, 2013 issued by Registrar of Companies, Mumbai. Subsequently, the company was converted into Public Limited Company pursuant to which the name of the company was changed to ‘Digikore Studios Limited’ vide shareholder’s approval on April 25, 2023 and fresh certificate of incorporation dated May 22, 2023 issued by Registrar of Companies, Pune.
Digikore Studios serves as a hub for top-tier industry talent. Having production facility in India, It specializes in delivering Visual Effects (VFX) for a diverse range of projects such as Films, Web Series, TV Series, Documentaries and Commercials, all while maintaining a strong emphasis on cost-effectiveness. Its reputation as a world-class VFX studio is a result of its harmonious blend of imaginative creativity and cutting-edge technology. In its initial years, the company made its mark in the realm of Animation and Visual Effects (VFX). Worked with extensive portfolio of many Films and TV Series, notable works include projects like Thor: Love and Thunder, Black Panther: Wakanda Forever, Glass Onion: A Knives Out Mystery, Deadpool, Star Trek, Jumanji, Stranger Things, The Last Ship, Titanic, Gosht Rider: Spirit of Vengeance, Transformer: Age of Extinction, Crouching Tiger, Hidden Dragon: Sword of Destiny and many more prestigious productions.
As a TPN-audited VFX studio, it offers a comprehensive suite of visual effects services, overseen by its experienced production team. Its artists harness the power of the latest software, hardware, and proprietary tools to produce exceptional VFX for some of the most prominent Films, Web Series and TV Series. Notably, it stands among the select few studios in India that have undergone audits from esteemed entities such as TPN. Also approved for projects from production houses like Disney/Marvel, Netflix, Amazon, Apple, Paramount, Warner Bros., and Lions gate. Its commitment to excellence is further underscored by its dedication to fostering an internal culture rooted in diversity, equality, and inclusion - vital components that fuel its innovation and creativity.
Business area of the company
The company is engaged in the business of post-production activities such as VFX, Animation, Visual Effects, and Video Graphics including digital intermediate and other technical and creative services to the Media and Entertainment industry.
Services of the company
History and milestones
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Here is the summary:
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