Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹26 Cr.
Stock P/E
6.6
P/B
0.8
Current Price
₹18.5
Book Value
₹ 24.3
Face Value
10
52W High
₹42.4
52W Low
₹ 14.1
Dividend Yield
—

Identical Brains Overview

Business

Identical Brains Studios Ltd. is an Indian company primarily engaged in the Film Production, Distribution & Entertainment sector. Its core business involves conceiving, developing, producing, and financing feature films, television shows, and potentially web series. The company also handles the distribution of its content across various platforms, including theatrical releases, digital streaming services (OTT), satellite television, and home entertainment. It makes money through box office collections (share of ticket sales), licensing rights for digital and television platforms, music rights, and potentially merchandising or ancillary revenues derived from its produced content.

Revenue Mix

While specific revenue contributions are not publicly available, a typical film and entertainment company like Identical Brains Studios Ltd. would have the following major segments:

Film Production: Revenue generated from direct production of films and potentially TV/web series.

Film Distribution: Earnings from theatrical releases (box office share), P&A (prints and advertising), and international distribution.

Digital/OTT Rights: Licensing content to streaming platforms.

Television Rights: Selling broadcast rights to satellite and cable TV channels.

Music Rights: Monetizing soundtracks and music associated with its productions.

Ancillary/Other: Potential revenue from merchandising, in-film branding, or post-production services.

Industry

The Indian film and entertainment industry is one of the largest globally by volume, characterized by a diverse range of regional cinemas (Bollywood, South Indian, Marathi, Bengali, etc.), a massive audience, and growing consumption across digital platforms. It is highly competitive, fragmented, and capital-intensive. Identical Brains Studios Ltd. operates within this dynamic landscape, competing with well-established large studios (e.g., Yash Raj Films, Dharma Productions, Eros International, Reliance Entertainment), regional production houses, and increasingly, global streaming giants investing in local content. Its positioning would depend on its scale, budget, genre focus, and ability to consistently deliver commercially successful and critically acclaimed content.

MOAT

For a company in this sector, potential moats are often built over time. Identical Brains Studios Ltd. may or may not possess these currently:

Brand & Reputation: A strong brand built on a track record of successful films and popular talent relationships (actors, directors, writers).

Content Library: A deep and diverse library of films and shows that can be continually monetized across platforms.

Distribution Network: Established relationships and infrastructure for efficient theatrical and digital distribution.

Talent Relationships: Exclusive or strong ties with sought-after creative talent, providing access to unique projects.

Scale: The financial capacity to undertake large-budget productions and manage risks across a diverse slate.

As an emerging or independent studio, these advantages might be nascent and require sustained investment and success to develop.

Growth Drivers

Growing Indian Consumption: Increasing disposable income and media consumption across India's large population.

Rise of OTT Platforms: Explosive growth in digital streaming services, creating new avenues for content distribution and monetization.

International Market Expansion: Potential to export Indian content to the global diaspora and international audiences.

Diversification: Expansion into related entertainment verticals like animation, gaming, or experiential entertainment.

Technological Advancements: Adoption of new production technologies (e.g., VFX, virtual production) to enhance content quality and efficiency.

Risks

Content Flop Risk: High dependency on the commercial and critical success of individual projects; a few major failures can significantly impact financials.

High Production Costs: Escalating costs of talent, production, and marketing, requiring significant upfront capital investment.

Competition: Intense competition from domestic and international studios, as well as independent producers, for talent, scripts, and audience attention.

Piracy: Widespread content piracy continues to erode revenue potential across all platforms.

Changing Consumer Preferences: Evolving tastes and trends can quickly render certain content or genres less appealing.

Regulatory & Censorship Risk: Government regulations, censorship policies, and cultural sensitivities can impact content creation and distribution.

Talent Dependency: Over-reliance on a few star actors or directors can lead to higher costs and negotiation challenges.

Management & Ownership

As a company based in India, Identical Brains Studios Ltd. is likely to be promoter-driven, common in the Indian business landscape. The quality of management would be critical, requiring a blend of creative vision, strong financial acumen, risk management capabilities, and extensive industry relationships. Key management figures would need expertise in content development, production logistics, marketing, and distribution strategies. The ownership structure would typically involve the founding promoters holding a significant stake, possibly alongside institutional investors or public shareholders if listed.

Outlook

The outlook for Identical Brains Studios Ltd. is balanced between significant growth opportunities and inherent industry challenges. The expanding Indian economy and the boom in digital consumption provide a fertile ground for content creators, suggesting potential for revenue growth through successful film releases and lucrative licensing deals. However, the company operates in a highly competitive and capital-intensive industry where success is never guaranteed and often hinges on the subjective preferences of a mass audience. Managing production costs effectively, consistently delivering engaging content, building a strong brand, and adapting to evolving consumption patterns will be crucial for long-term viability and growth. Failure to create impactful content or navigate the competitive landscape effectively could lead to financial strain given the high stakes of film production.

Identical Brains Share Price

Live · NSE · Inception: 2019
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Identical Brains Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Identical Brains Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4 8 20 25
Other Income 0 0 0 0
Total Income 4 8 20 26
Total Expenditure 3 6 12 19
Operating Profit 1 2 8 7
Interest 0 0 0 0
Depreciation 0 0 0 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 2 7 5
Provision for Tax 0 1 2 1
Profit After Tax 1 2 5 4
Adjustments 0 0 0 0
Profit After Adjustments 1 2 5 4
Adjusted Earnings Per Share 0.6 1.8 5.2 2.8

Identical Brains Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 3 12 34
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities 0 0 0 -0
Total Current Liabilities 1 2 5 5
Total Liabilities 2 5 17 39
Fixed Assets 0 0 2 5
Other Non-Current Assets 0 1 5 1
Total Current Assets 2 3 10 33
Total Assets 2 5 17 39

Identical Brains Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 2 2
Cash Flow from Operating Activities -0 2 1 -8
Cash Flow from Investing Activities -0 -2 -6 0
Cash Flow from Financing Activities 0 0 5 18
Net Cash Inflow / Outflow -0 1 0 10
Closing Cash & Cash Equivalent 1 2 2 12

Identical Brains Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.57 1.8 5.17 2.82
CEPS(Rs) 0.59 1.94 5.55 3.65
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 1.42 3.23 11.65 24.28
Core EBITDA Margin(%) 18.07 28.82 37.86 25.34
EBIT Margin(%) 17.89 27.83 36.75 21.34
Pre Tax Margin(%) 17.79 27.79 36.65 21.27
PAT Margin (%) 13.1 20.05 26.57 15.51
Cash Profit Margin (%) 13.66 21.53 28.56 20.11
ROA(%) 22.56 46 49.06 14.13
ROE(%) 40.09 77.59 71.54 17.14
ROCE(%) 54.73 107.68 97.69 23.42
Receivable days 48.87 23.32 60.28 163.8
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 15
Price/Book(x) 0 0 0 1.74
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.22 -0.21 0.26 1.86
EV/Core EBITDA(x) -1.22 -0.7 0.68 7.16
Net Sales Growth(%) 0 106.6 149.76 26.83
EBIT Growth(%) 0 221.47 229.77 -26.34
PAT Growth(%) 0 216.17 230.95 -25.98
EPS Growth(%) 0 216.16 186.36 -45.47
Debt/Equity(x) 0 0 0.02 0
Current Ratio(x) 1.99 1.6 2.02 6.83
Quick Ratio(x) 1.99 1.6 2.02 6.83
Interest Cover(x) 188.19 771.86 365.42 289.23
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +25% +84% — —
Operating Profit CAGR -13% +91% — —
PAT CAGR -20% +59% — —
Share Price CAGR -54% — — —
ROE Average +17% +55% +52% +52%
ROCE Average +23% +76% +71% +71%

Identical Brains Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 63.74 %
FII 0.03 %
DII (MF + Insurance) 1.38 %
Public (retail) 34.85 %
# Mar 2025 Sep 2025 Mar 2026
Promoter 63.7463.7463.74
FII 3.290.030.03
DII 1.441.381.38
Public 31.5334.8534.85
Others 000
Total 100100100

Identical Brains Peer Comparison

Film Production, Distribution & Entertainment Edit Columns

Identical Brains Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Identical Brains Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 55%
  • Company is almost debt free.

Cons

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