Digikore Studios Ltd

Digikore Studios Ltd

₹ 308 -5.00%
14 Nov - close price
About

Incorporated in 2000, Digikore Studios Limited is a visual effects studio that offers a full suite of visual effects services.[1]

Key Points

Business profile[1] The company offers Visual Effects (VFX) services for Films, Web Series, TV Series, Documentaries, and Commercials and has a studio in Pune. It has contributed to over 250 global productions, including high-profile projects like Titanic, Transformers, The Expendables 3, and Jumanji.

  • Market Cap 195 Cr.
  • Current Price 308
  • High / Low 666 / 283
  • Stock P/E 30.8
  • Book Value 71.9
  • Dividend Yield 0.00 %
  • ROCE 44.0 %
  • ROE 38.8 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 90.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 48.7%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 201 days.
  • Working capital days have increased from 105 days to 274 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Mar 2024 Sep 2024
24.77 20.20 22.13
15.39 16.67 16.09
Operating Profit 9.38 3.53 6.04
OPM % 37.87% 17.48% 27.29%
0.02 2.34 0.05
Interest 0.77 0.54 0.93
Depreciation 0.37 0.81 1.10
Profit before tax 8.26 4.52 4.06
Tax % 24.46% 26.99% 25.12%
6.24 3.30 3.04
EPS in Rs 9.85 5.21 4.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
7.43 7.86 8.69 4.89 24.88 34.44 44.96 42.33
6.48 8.39 8.09 5.14 22.52 28.08 32.10 32.76
Operating Profit 0.95 -0.53 0.60 -0.25 2.36 6.36 12.86 9.57
OPM % 12.79% -6.74% 6.90% -5.11% 9.49% 18.47% 28.60% 22.61%
0.55 1.88 0.35 1.28 0.00 1.12 2.42 2.39
Interest 0.68 0.77 0.66 0.73 0.40 0.71 1.31 1.47
Depreciation 0.79 0.54 0.24 0.26 0.92 1.04 1.18 1.91
Profit before tax 0.03 0.04 0.05 0.04 1.04 5.73 12.79 8.58
Tax % 33.33% 0.00% 0.00% 25.00% 55.77% 23.56% 25.33%
0.03 0.05 0.06 0.03 0.47 4.37 9.54 6.34
EPS in Rs 15.06 10.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 109%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 90%
3 Years: 579%
TTM: 115%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 6%
Return on Equity
10 Years: %
5 Years: 46%
3 Years: 49%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 1.18 1.18 1.18 1.18 1.18 1.18 6.33 6.33
Reserves -0.23 -0.19 -0.13 -0.10 0.35 4.73 36.13 39.21
4.50 5.02 4.61 4.99 3.49 6.08 8.72 25.26
1.02 2.09 1.46 1.92 3.23 7.14 6.26 9.66
Total Liabilities 6.47 8.10 7.12 7.99 8.25 19.13 57.44 80.46
1.90 1.56 1.54 2.80 4.17 3.91 8.95 8.06
CWIP 0.00 0.00 0.00 0.00 0.00 2.32 6.79 10.94
Investments 0.02 0.02 0.02 0.02 0.02 0.02 1.24 3.85
4.55 6.52 5.56 5.17 4.06 12.88 40.46 57.61
Total Assets 6.47 8.10 7.12 7.99 8.25 19.13 57.44 80.46

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.00 -0.30 0.55 1.32 4.17 1.23 -16.57
0.00 -0.19 -0.22 -1.69 -2.29 -3.10 -11.90
0.00 0.53 -0.41 0.37 -1.89 1.87 28.54
Net Cash Flow 0.00 0.04 -0.08 0.00 -0.01 0.00 0.07

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85.97 171.82 131.47 214.97 20.39 63.48 200.52
Inventory Days
Days Payable
Cash Conversion Cycle 85.97 171.82 131.47 214.97 20.39 63.48 200.52
Working Capital Days 163.10 195.50 168.85 229.15 -1.61 41.33 274.24
ROCE % 6.11% 12.17% 13.13% 25.97% 75.72% 43.98%

Shareholding Pattern

Numbers in percentages

Oct 2023Mar 2024Sep 2024
66.54% 66.54% 66.55%
2.79% 0.01% 0.01%
7.89% 0.00% 0.00%
22.79% 33.44% 33.44%
No. of Shareholders 1,0078672,000

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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