Shares of this microcap company jumped upto 3 percent in Tuesday’s trading session after signing a deal with one of the largest broadcasting networks. In one month, the shares have delivered more than 40 percent returns to its shareholders.
With a market capitalization of Rs. 64 crores, the shares of Inspire Films Ltd started Tuesday’s trading session on a higher note at Rs. 48.70, gaining 3 percent compared to its previous close of Rs. 47.10 and are currently trading at Rs. 47 apiece.
Such a positive movement in the share price was observed after the company in an exchange filing announced that they had signed a significant deal with one of the largest broadcasting networks in India for the distribution of three web series to be broadcast in one of their prominent GECs.
This collaboration marks a strategic opportunity for Inspire Films Limited to expand its reach and bolster revenue through the distribution and licensing business model.
Looking at the company’s financial statements, the revenue zoomed by 57 percent from Rs. 13.55 crores during H2FY23 to Rs. 21.29 crores in H2FY24. In addition, the net profits magnified by 106 percent from Rs. 70 lakhs to Rs. 1.44 crores during the same period.
Due to increasing operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 3.21 percent during FY 21-22 to 30.87 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 8.27 percent to 32 percent during the same timeframe. Furthermore, the net profit margin increased from 0.67 percent during FY21-22 to 8.29 percent during FY22-23.
According to the latest shareholding pattern, the company’s Promoters maintain a substantial stake of 67.72 percent, while Foreign Institutional Investors (FIIs) hold 4.92 percent, and Domestic Institutional Investors (DIIs) possess 0.26 percent. The remaining 26.39 percent is with the Public.
Incorporated in 2012, Inspire Films Ltd. is a media and entertainment company focused on creating, producing, and distributing various forms of digital and television content, as well as operating entertainment-related businesses like adventure parks and online gaming.
Written By Vaibhav Patil
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