Ashish Kacholia’s stock, involved in high-end visual effects and post-production activities, is gaining attention with its ambitious plans for global expansion, supported by a strong Rs.301 Cr pipeline. The company is set for significant growth, fueled by innovative advancements and strategic initiatives designed to tap into new market opportunities.
Share Price Movement
During Wednesday’s trading session, Basilic Fly Studio Ltd’s share price hit an intraday high of Rs.250.30 apiece, falling 2 percent from the previous close of Rs.254.80 apiece.
What Happened
Basilic Fly Studio Limited (BFS), a leading visual effects studio, is experiencing significant growth with a sales pipeline of Rs.301.3 crore (£27.9 million), marking a 40% increase since October 2024. The company has secured high-profile projects from global media giants like Netflix, Amazon, and Sony.
BFS has successfully delivered major Hollywood projects, such as Wheel of Time – Season 3, The Agency, and Doctor Who, generating Rs.133 crore (£12.3 million) in revenue. Several high-value projects are lined up for delivery through September 2025.
To support its growth, BFS is investing in talent and technology. The company has expanded its leadership team, including new appointments for COO, Technical Director, CHRO, CFO, and key hires across sales and operations. Additionally, BFS is enhancing its production and delivery capabilities to manage larger, more complex projects.
The studio is also integrating cutting-edge Compositing and Tracking technology to improve real-time data synchronization, streamline multi-location workflows, and enhance cross-site collaboration and efficiency.
Also read: Bulk Deal: Stock under ₹60 hits 5% upper circuit after DII acquires stake in the company
Management Commentary
Basilic Fly Studio Limited’s Managing Director and CEO, Mr. Balakrishnan, stated, “The global visual effects industry is witnessing unprecedented growth, and we are at the forefront of this evolution. The 40 percent surge in our sales pipeline reflects the trust our clients place in us and the strength of our capabilities. By securing high-value projects with global leaders, we are reinforcing our position as a preferred VFX partner in the industry. As we scale, our focus remains on delivering high-quality, cutting-edge visual effects that elevate storytelling on a global scale.”
Financial Overview
According to its recent financial updates, Basilic Fly Studio Limited reported consolidated revenue of Rs.34.00 crores in H1 FY25, marking a 32 percent decrease from Rs.50.00 crores in H1 FY24. Similarly, the company saw a 47 percent decrease in net profit to Rs.10.00 crores, compared to Rs.19.00 crores in the same period.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 20.08 percent and a Return on Equity (ROE) of 17.72 percent. Its Price-to-Earnings (P/E) ratio stands at 16.22, lower than the industry average of 16.25. Furthermore, the company maintains a current ratio of 2.3, a debt-to-equity ratio of 0.34, and an Earnings Per Share (EPS) of Rs.15.71.
Business Overview
Basilic Fly Studio Limited, established in 2016, is a leading visual effects (VFX) company headquartered in Chennai, India, with additional offices in Pune, Vancouver, and London. The studio has quickly emerged as a prominent player in the VFX industry, specializing in high-quality visual effects for films, television series, and commercials.
Written by – Siddesh S Raskar
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