Recode Studios Ltd
Recode Studios Ltd (RECODE) last reported results for the quarter ended Mar 2026, with sales of ₹43 crore and net profit of ₹7 crore. The stock last traded at ₹413, a market capitalisation of ₹440 crore, on a P/E of 39.3. Over the past 52 weeks the stock has ranged between ₹171 and ₹470. Figures are as of 6 Oct 2026 and are not real time.
Recode Studios Ltd share price and key metrics
- Current price
- ₹413
- Market cap
- ₹440 cr
- Stock P/E
- 39.3
- ROE
- 77.9%
- ROCE
- 74.1%
- Dividend yield
- 0.06%
- 52w high / low
- 470/171
Metrics as of 6 Oct 2026. Not real time.
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Recode Studios Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 53%
- TTM
- 67%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 153%
- TTM
- 260%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- %
- 1 Year
- %
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 54%
- Last Year
- 78%
Recode Studios Ltd quarterly results
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Sales | 29 | 43 |
| Expenses | 25 | 32 |
| Operating profit | 4 | 11 |
| OPM % | 12% | 25% |
| Other income | 0 | 0 |
| Interest | 1 | 0 |
| Depreciation | 0 | 1 |
| Profit before tax | 3 | 10 |
| Tax % | 34% | 25% |
| Net profit | 2 | 7 |
| EPS (₹) | 1,730.77 | 9.02 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Recode Studios Ltd annual results
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 22 | 37 | 48 | 80 |
| Operating profit | 1 | 2 | 6 | 17 |
| OPM % | 7% | 4.6% | 13% | 21% |
| Net profit | 1 | 0 | 3 | 11 |
| EPS (₹) | 663.46 | 259.62 | 2,990.38 | 13.78 |
TTM is the trailing twelve months to the most recent quarter.
Recode Studios Ltd balance sheet
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 0.01 | 0.01 | 0.01 | 8 |
| Reserves | 5 | 5 | 9 | 12 |
| Borrowings | 4 | 8 | 8 | 6 |
| Other liabilities | 4 | 3 | 7 | 9 |
| Total liabilities | 13 | 17 | 23 | 35 |
| Fixed assets | 1 | 2 | 2 | 3 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other assets | 12 | 15 | 21 | 32 |
| Total assets | 13 | 17 | 23 | 35 |
As reported by the company. Total assets equal total liabilities by construction.
Recode Studios Ltd cash flow
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | -5 | -2 | 3 | 4 |
| Cash from investing | -1 | -2 | -1 | -2 |
| Cash from financing | 6 | 3 | -1 | -2 |
| Net cash flow | 0 | -0 | 1 | 0 |
| Free cash flow | -6 | -3 | 2 | 3 |
| CFO / operating profit | -342% | -90% | 61% | 73% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Recode Studios Ltd operating ratios
| Per year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | — | 12% | 38% | 74% |
| Debtor days | 54 | 59 | 62 | 70 |
| Inventory days | 177 | 134 | 171 | 129 |
| Days payable | 89 | 30 | 78 | 57 |
| Cash conversion cycle | 142 | 163 | 156 | 142 |
| Working capital days | 94 | 59 | 60 | 75 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Recode Studios Ltd shareholding pattern
| % held | May 2026 |
|---|---|
| Promoters | 65.02% |
| FIIs | 3.41% |
| DIIs | 12.26% |
| Public | 19.32% |
| No. of shareholders | 856 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Recode Studios Ltd corporate filings
- Recode Studios appoints Ms. Garima Bansal as Chief Marketing Officer with effect from 07.10.2026Company Updatemedium impact
Cruxal's analysis: Recode Studios Limited has announced the appointment of Ms. Garima Bansal as the Chief…
Read the full analysis - Recode Studios Limited holds AGM with unanimous approval of key resolutions including director reappointment, dividend declaration, and financial statements for FY2026AGM/EGMmedium impact
Cruxal's analysis: Recode Studios Limited conducted its 5th AGM on 30th September 2026 via video…
Read the full analysis - Recode Studios Limited holds AGM with unanimous approval of key resolutions including reappointment of directors and financial statements for FY 2025-26AGM/EGMmedium impact
Cruxal's analysis: Recode Studios Limited conducted its 5th AGM on 30th September 2026 via VC/OAVM, with…
Read the full analysis - Recode Studios Limited approves key board changes and appoints new secretarial and statutory auditors at AGM held on 30th September 2026Company Updatemedium impact
Cruxal's analysis: Recode Studios Limited conducted its 5th AGM on 30th September 2026, where it approved…
Read the full analysis - Recode Studios Limited holds 5th AGM; no new financial disclosures or strategic events announcedAGM/EGMlow impact
Cruxal's analysis: Recode Studios Limited conducted its 5th AGM on 30th September 2026 via VC/OAVM with 9…
Read the full analysis - SEBI (Prohibition of Insider Trading) Regulations 2015 - Intimation of Closure of Trading Window.Insider Trading / SASTlow impact
- Recode Studios Ltd schedules analyst/investor meet for September 30, 2026Company Updatelow impact
Cruxal's analysis: Recode Studios Ltd has announced an analyst/investor meeting scheduled for September 30…
Read the full analysis - Recode Studios enters quick-commerce segment via Nykaa Now and Nykaa SuperstoreCompany Updatemedium impact
Cruxal's analysis: Recode Studios Limited has announced its entry into the quick-commerce market by listing…
Read the full analysis - Recode Studios Limited Announces Record Date of 23rd September 2026 for Final Dividend PaymentCorp. Actionlow impact
Cruxal's analysis: Recode Studios Limited has officially set Wednesday, 23rd September 2026, as the record…
Read the full analysis - Recode Studios Limited Announces 5th AGM and Releases FY26 Annual ReportAGM/EGMhigh impact
Cruxal's analysis: Recode Studios Limited has issued a notice for its 5th Annual General Meeting (AGM) to be…
Read the full analysis - Recode Studios Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Recode Studios Ltd has filed its Annual Report for the financial year 2025-26 as per…
Read the full analysis - Recode Studios Limited Announces Board Approval for Annual General Meeting and Appointment of AuditorsCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has announced the board's approval of the Board Report and the…
Read the full analysis - Recode Studios Limited Announces Board Approval for AGM and Appointment of Statutory and Secretarial AuditorsOtherslow impact
Cruxal's analysis: Recode Studios Limited has announced the scheduling of its 5th Annual General Meeting for…
Read the full analysis - Recode Studios Limited appoints Ms. Rishita Mall as Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has formally appointed Ms. Rishita Mall as the Company Secretary…
Read the full analysis - Recode Studios Limited announces resignation of Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has formally notified the exchange regarding the resignation of…
Read the full analysis - Recode Studios Limited Announces Resignation of Company Secretary and Compliance OfficerCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has formally notified the exchange regarding the resignation of…
Read the full analysis - Recode Studios Limited Appoints Secretarial Auditor for FY 2025-26Otherslow impact
Cruxal's analysis: Recode Studios Limited has announced the appointment of Ms. Gauri Hemant Gokhale as the…
Read the full analysis - Recode Studios Limited announces appointment of Garvit Bansal as Chief Operating OfficerCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has formally appointed Mr. Garvit Bansal as the Chief Operating…
Read the full analysis - Recode Studios Limited Announces Resignation of Chief Operating Officer Rahul SachdevaCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has formally announced the resignation of Mr. Rahul Sachdeva from…
Read the full analysis - Recode Studios Limited strengthens corporate governance with the appointment of two new Independent DirectorsCompany Updatelow impact
Cruxal's analysis: Recode Studios Limited has announced the appointment of Ms. Shailja and Ms. Palak Chugh…
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