Identical Brains Studios (IDENTICAL)₹16.00−3.61%Media & Entertainment
In the Mar 2026 quarter (standalone), Identical Brains Studios reported sales of ₹9.59 Cr, down 31.7% from Mar 2025, and net profit of ₹0.22 Cr, down 85.9% year on year. For the year to Mar 2026, sales were ₹19.07 Cr and net profit ₹1.59 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 10.01 | 11.35 | 14.04 | 9.48 | 9.59 |
| Expenses | 7.15 | 7.14 | 11.82 | 6.92 | 8.67 |
| Operating Profit | 2.85 | 4.22 | 2.22 | 2.57 | 0.91 |
| OPM % | 28.5% | 37.1% | 15.8% | 27.1% | 9.5% |
| Other Income | 0.06 | 0.11 | 0.06 | 0.22 | 0.35 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 |
| Depreciation | 0.19 | 1.07 | 0.08 | 1.00 | 1.16 |
| Profit before tax | 2.73 | 3.25 | 2.19 | 1.78 | 0.02 |
| Tax % | 27.1% | 25.9% | 28.8% | 22.5% | −2,100.1% |
| Net Profit | 1.99 | 2.42 | 1.56 | 1.38 | 0.22 |
| EPS (Rs) | 2.86 | 2.32 | 1.10 | 0.97 | 0.14 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 3.88 | 8.02 | 20.04 | 25.40 | 19.07 |
| Expenses | 3.18 | 5.71 | 12.45 | 18.97 | 15.59 |
| Operating Profit | 0.69 | 2.30 | 7.58 | 6.44 | 3.49 |
| OPM % | 18.0% | 28.7% | 37.8% | 25.3% | 18.3% |
| Other Income | 0.00 | 0.03 | 0.17 | 0.16 | 0.56 |
| Interest | 0.00 | 0.00 | 0.01 | 0.01 | 0.10 |
| Depreciation | 0.01 | 0.11 | 0.39 | 1.16 | 2.17 |
| Profit before tax | 0.70 | 2.24 | 7.39 | 5.43 | 1.79 |
| Tax % | 27.5% | 27.7% | 27.5% | 27.1% | 11.2% |
| Net Profit | 0.52 | 1.62 | 5.36 | 3.96 | 1.59 |
| EPS (Rs) | 508.34 | 1,605.00 | 7.75 | 2.81 | 1.12 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.02 | 0.01 | 6.90 | 14.04 | 14.04 |
| Reserves | 1.26 | 2.88 | 5.14 | 20.01 | 21.51 |
| Borrowings | 0.00 | 0.00 | 0.20 | 0.16 | 0.11 |
| Other Liabilities | 1.00 | 1.88 | 4.79 | 4.80 | 3.56 |
| Total Liabilities | 2.28 | 4.77 | 17.03 | 39.01 | 39.22 |
| Fixed Assets | 0.04 | 0.35 | 2.16 | 5.27 | 4.84 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.26 | 1.43 | 5.14 | 0.94 | 8.59 |
| Other Assets | 1.98 | 2.99 | 9.73 | 32.80 | 25.79 |
| Trade receivables | 0.53 | 0.52 | 6.14 | 16.76 | 22.19 |
| Cash & equivalents | 0.89 | 1.68 | 1.81 | 12.12 | 0.58 |
| Total Assets | 2.28 | 4.77 | 17.03 | 39.01 | 39.22 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | −0.12 | 2.37 | 1.91 | −7.78 | −2.66 |
| Cash from investing activity | −0.16 | −1.58 | −5.76 | 0.05 | −8.82 |
| Cash from financing activity | 0.00 | 0.00 | 3.99 | 18.00 | −0.09 |
| Net cash flow | −0.28 | 0.78 | 0.12 | 10.30 | −11.53 |
| Capex | 0.05 | 0.44 | 2.22 | 4.29 | 1.74 |
| Free cash flow | −0.14 | 1.92 | −0.30 | −12.00 | −4.39 |
| CFO / OP % | 10.9% | 128.9% | 51.9% | −96.1% | −63.1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 48 | 22 | 110 | 239 | 422 |
| Inventory days | — | — | — | — | 0 |
| Cash conversion cycle | 50 | 24 | 112 | 241 | 424 |
| Working capital days | 9 | −25 | 56 | 226 | 408 |
| ROCE % | — | 107.2% | 97.7% | 23.4% | 5.4% |
For the Mar 2026 quarter, Identical Brains Studios reported sales of ₹9.59 Cr, down 31.7% year on year and net profit of ₹0.22 Cr, down 85.9% year on year. The operating margin was 9.5%.
Identical Brains Studios' sales for the year to Mar 2026 were ₹19.07 Cr.
Net profit for the year to Mar 2026 was ₹1.59 Cr. Earnings per share over the same trailing period were ₹1.12.
Identical Brains Studios reported borrowings of ₹0.11 Cr at Mar 2026, against cash and equivalents of ₹0.58 Cr.
Cash from operations was −₹2.66 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹4.39 Cr.