Annual reportSep 2026
Sep 2026 · Outcome of Board Meeting 27 Aug - Board approved AGM on 19 September 2026, annual report, e-voting dates, and book closure.
Source: Nse
Identical Brains Studios Ltd. (IDENTICAL)
SME CapMedia stocks · SME cap · NSE
Identical Brains Studios Ltd. operates in Animation, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹16.95
+0.00 · +0.00%
Market cap ₹23.8 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals18 Oct 2026 · screener
Latest result01 Jun, 07:54 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens
Trend score and candlestick chart
67BullishSMA20 +4.3% / mo · MACD − · near 52W low · sector +12.7pp vs Nifty 500 (3M)
Stock trend: 46
Sector RS: 100
Sector 3M: +7.1% vs Nifty 500 -5.6%
Media FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
IDENTICALD candles · FIT view-18.9%Latest close ₹16.95 on 2026-10-16
Bar
+5.3%
RSI
46
MACD hist
-0.19
52W pos
11%
2026-10-16O ₹16.10H ₹16.95L ₹16.10C ₹16.95Vol 6,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IDENTICALNifty MediaNifty 500
- IDENTICAL
- -18.7%
- Nifty 500
- -4.2%
- Nifty Media
- +8.4%
- Vs Nifty 500
- -14.5 pp
Chart stats
16 Oct 2026- From 52W high
- -61.1%
- 52W range position
- 10%
- ATR (14)
- 8.7%
- Volume vs 20D
- 0.61x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹16.1 - ₹21.4
₹43.6
₹14.1 - ₹43.6
₹1.5
Latest completed session
20-session average
99.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -4.2% · PAT -89.4% YoY
Technical
Bullish67
Price trend and sector-relative-strength timing.
Valuation
Legacy model+33.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence53
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100Rev -4% YoY · PAT -89% YoY · margin compression
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹9.6 Cr | -4.2% | +1.1% |
| EBITDA | ₹0.9 Cr | NDF | -64.3% |
| Operating margin | 9.6% | NDF | -1756 bps |
| PAT | ₹0.2 Cr | -89.4% | -84.7% |
| PAT margin | 2.2% | NDF | -1222 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 15.00
- P/B
- 0.67
- EV/EBITDA
- 4.21
- Market Cap
- 23.80Cr
Profitability
- ROE
- 4.54%
- ROCE
- 5.41%
- ROA
- 4.03%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 33.00%
- EPS 3Y
- -1.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 31.82×
- Altman Z
- 5.80
- Book Value
- 25.40
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -2.24 Cr
- EPS TTM
- 1.13
Shareholding
- Promoter Hold
- 63.74%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 19.1-25.0% vs prev
Net Profit
₹ CrLatest: 1.6-60.0% vs prev
Return on Equity
%Latest: 4.4-61.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 46.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 rising (~4.2% over last month) — short-term momentum positive.
- RSI(14) at 46 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 58% off 52W high · 20% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
13
RS percentile
Stage 4 Downtrend
1M return
-6.1%
3M return
-5.6%
6M return
-3.1%
1Y return
-58.8%
RS 1D
+1
RS 20D
+3
Sector rank
#15
Industry rank
#64
Stage evidence
- Price is 7.1% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.9%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
227 observations
16 Oct 2026Value 42.68+2.30%
RS vs Nifty 50043
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · WATCHLISTValuation18/30
Growth18/25
Quality0/20
Balance Sheet12/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 33.3%.
- Balance sheet contributes 12/15 to the score.
- Growth contributes 18/25 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
15.0
PB
0.7
EV/EBITDA
4.2
ROE
4.5%
ROCE
5.4%
FCF Yield
—
Debt/Equity
0.0
MoS
+33.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 45 (-1)
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+33.3%
Previous: +33.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
43
43
43
43
45
45
45
Factor attribution
Balance sheet
12-1
was 13
Modelled fair value
Graham Number
₹25.41
+33.3% MoS
Growth-justified P/E
22.5
Growth-justified Value
₹25.42
+33.3% MoS
PEG
0.79
Comparable companies
Peers
Business-comparable peers in Media — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DIGIKORE
SME
Digikore Studios Ltd.
Media & Entertainment
match 85
67
3.3
30.7%
+86%
UNDERVALUED
STUDIOLSD
SME
Studio LSD Ltd.
Media & Entertainment
match 84
23
—
-3.9%
—
OVERVALUED
MPTODAY
SME
Madhya Pradesh Today Media Ltd.
Media & Entertainment
match 64
49
6.4
6.3%
+6%
FAIR VALUE
RADIOWALLA
SME
Radiowalla Network Ltd.
Media & Entertainment
match 62
16
152.0
0.7%
-1048%
OVERVALUED
CMRSL
SME
Cyber Media Research & Services Ltd.
Media & Entertainment
match 62
78
5.1
19.6%
+77%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Identical Brains Studios Ltd. operates in Animation, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
53Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 12th percentile of the scored universe and 20th percentile within Media. Main check: financial discipline is weak at 18/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
12th percentile
overall median 67 · Media: 20th pctile, median 63 · SME: 13th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
18
weak · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 63.7%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Operating cash flow is negative at ₹-2 Cr.
- ▸Only 1 years of positive FCF.
- ▸ROCE is low at 5.4%.
- ▸ROE is low at 4.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Identical Brains Studios Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.