The Indian VFX industry is steadily growing as an outcome of the use of world-class techniques and cutting-edge technology. In 2022, India’s animation and VFX business was estimated to be worth around 107 billion Indian rupees.
The worldwide VFX market is rapidly expanding, with a market value of USD 6,771.78 million in 2021 and a predicted market value of USD 18,767.97 million by 2030, rising at a CAGR of 12.12% from 2022 to 2030.
Phantom Digital Effects Ltd is a full-fledged creative VFX firm that produces high-end visual effects solutions for commercials, films, and web series throughout the world. The company is headquartered in India with offices in the United States and Canada.
The company has designed visual effects for prominent Hollywood and Bollywood films such as RRR, Joker, Avengers, Bahubali, and many more.
Phantom Digital Effects Ltd shares gained 5 percent to hit the upper circuit, reaching a 52-week high of Rs 455.80.
The stock has registered multibagger gains of 192 percent in three months and 124 percent year to date. If a shareholder invested Rs 1 lakh in the firm, it would be worth Rs 2.92 lakhs after three months and Rs 2.24 lakhs for the year.
Phantom Digital has been authorised as an Amazon-approved VFX studio, and the firm is delivering its varied services to Amazon’s Production as well as Walt Disney.
The present order book includes 15 under-execution orders with a total contract value of Rs.700 Mn. that is anticipated to be completed in nine months. A significant OTT platform is anticipated to place more orders totaling 240 million.
According to the company’s financial statement, Operating revenue climbed by 41 percent to Rs 19.1 crore in Q4 compared to Q3. In the same way, net profit increased by 6 percent to Rs 4.16 crore.
As per Company’s management, In FY24 the company is expected to grow by ~75-80%.similarly, EBITDA to 33-35%.
Revenue increased 163 percent year over year, from Rs 22 crore in FY 21–22 to Rs 58 crore in FY 22–23. The same time period saw a 226 percent increase in net profit, from Rs 4.9 crore to Rs 16 crore.
As per the shareholding pattern of FY 22-23, promoters own 63.92 percent of the company, while retail investors hold 36.08 percent.
Written by Omkar C
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