Digikore Studios Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹40 Cr
- P/E
- 3.19
- ROE
- 30.66%
- PEG
- 0.06
- Price to sales
- 0.59
- Debt to equity
- 1.16
- 52W high / low
- ₹96.5 / ₹29.9
- EBITDA margin
- 33.05%
- Net profit margin
- 19.15%
- Promoter holding
- 59.84%
- Sales (last year)
- ₹66 Cr
Incorporated in 2000, Digikore Studios Ltd provides Visual effect services and digital shows[1]
Guidance scorecard · Q2 FY26 call
What Digikore Studios Ltd's management guided
and where it ranks in Entertainment
Entertainment
RevenueQ2 FY26 call
20–40%- Digikore Studios targets 30%+ CAGR over the next few years, aiming for INR100 crores revenue by FY ‘28.
- Post-strike industry recovery supports accelerated growth.
- Strong order book (~INR20 crores) and a robust bidding pipeline (~INR35 crores) with potential to convert INR8-10 crores soon.
- Aggressive expansion focus on Europe, planning roadshows and establishing a New York subsidiary to anchor North America growth.
- Growth driven by shift from outsourced to direct work (currently 50:50, targeting 80% direct by FY ‘27).
- Diversification into high-margin verticals like AI SaaS platforms, branded content, and virtual production expected to lift overall margins and revenue.
2 more points from Digikore Studios Ltd's call on revenue
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MarginsQ2 FY26 call
Up 2%+See what Digikore Studios Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Digikore Studios is investing to expand its presence in Europe and North America, including hiring manpower and production teams.
- Plans to establish a subsidiary in New York to anchor North America growth and improve response time.
- INR45 crores QIP fundraise planned, with around INR20 crores targeted for debt reduction and the rest for working capital to support expansion.
- Promoters intend to infuse an additional INR20 crores via convertible warrants to show confidence and create alignment.
- Strategic investments focus on organic growth rather than immediate acquisitions due to AI-related market volatility.
2 more points from Digikore Studios Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Digikore Studios Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- Current order book: Approximately INR 20 crores.
- Order book includes direct projects (e.g., Netflix, HBO, CBS) and commitments from outsource partners.
- Bidding pipeline: Over INR 35 crores worth of projects currently in bidding.
- Conservative expectation: INR 8 to 10 crores from bidding pipeline likely to convert into order book in the next month.
2 more points from Digikore Studios Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Entertainment
on management's own guidance
- 2
- Phantom DigitalGood growth1
- Saregama India LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Entertainment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Phantom Digital | 20–40% | Up 2%+ | ₹156 Cr | 4.8 |
| 2 | Digikore Studios LtdThis stock | 20–40% | Up 2%+ | ₹42 Cr | 3.3 |
| 3 | Saregama India Ltd | 20–40% | Flat | ₹9,718 Cr | 42.6 |
| 4 | 20–40% | Flat | ₹1,108 Cr | — | |
| 5 | 20–40% | Flat | ₹520 Cr | 10.8 | |
| 6 | 20–40% | Flat | ₹472 Cr | 18.2 |
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Pro shows every company guiding 40%+ revenue growth →Full Entertainment rankingFinancials of Digikore Studios Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Digikore Studios Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Digikore Studios Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 25 | 36 | 47 | 36 | 66 |
| Expenses + | 23 | 30 | 34 | 41 | 44 |
| Operating Profit | 2 | 6 | 13 | -5 | 22 |
| OPM % | 9% | 16% | 28% | -13% | 33% |
| Other Income + | 0 | 1 | 2 | 1 | 5 |
| Interest | 0 | 1 | 1 | 3 | 7 |
| Depreciation | 1 | 1 | 1 | 3 | 5 |
| Profit before tax | 1 | 5 | 13 | -10 | 15 |
| Tax % | 56% | 26% | 25% | -25% | 18% |
| Net Profit + | 0 | 4 | 10 | -7 | 13 |
| EPS in Rs | 7.50 | -5.67 | 9.98 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Digikore Studios Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 6 | 6 | 13 |
| Reserves | 0 | 5 | 36 | 28 | 35 |
| Borrowings + | 3 | 6 | 9 | 40 | 55 |
| Other Liabilities + | 3 | 8 | 7 | 10 | 13 |
| Total Liabilities | 8 | 20 | 58 | 84 | 116 |
| Fixed Assets + | 4 | 4 | 9 | 20 | 13 |
| CWIP | 0 | 2 | 6 | 0 | 0 |
| Investments | 0 | 0 | 1 | 0 | 4 |
| Other Assets + | 4 | 14 | 41 | 64 | 99 |
| Total Assets | 8 | 20 | 58 | 84 | 116 |
Financials of Digikore Studios Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 4 | 1 | -17 | -22 | -8 |
| Cash from Investing Activity + | -2 | -3 | -11 | -7 | -2 |
| Cash from Financing Activity + | -2 | 2 | 29 | 28 | 9 |
| Net Cash Flow | -0 | 0 | 1 | -0 | -0 |
| Free Cash Flow | 2 | -2 | -24 | -30 | -10 |
| CFO/OP | 177% | 23% | -128% | 472% | -36% |
Financials of Digikore Studios Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 20 | 61 | 190 | 401 | 370 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 20 | 61 | 190 | 401 | 370 |
| Working Capital Days | -47 | -18 | 250 | 169 | 192 |
| ROCE % | 70% | 44% | -11% | 25% |
Guidance history
How Digikore Studios Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
| Q4 FY25 call → | 10–20% | Up 2%+ | — | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Digikore Studios Ltd's management said in earlier quarters
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