IDENTICAL
Identical Brains Studios financials
- Market cap
- ₹27 Cr
What Identical Brains Studios Ltd does
Identical Brains Studios Limited is headquartered in Andheri, Mumbai, Maharashtra, and is classified under the Media, Entertainment & Publication sector. The company was incorporated in 2019 and listed its equity shares on the NSE Emerge SME platform in December 2024 following an IPO. Beyond its registered classification and listing history, the company's own filings do not detail specific production lines, products, or business segments.
- Permanent employees
- 19
Quarterly results
Q4 FY26: revenue down 4.2%, net profit down 89.4% against the same quarter last year.
| Line item | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 10 | 11 | 14 | 10 | 10 −4% |
| EBITDA | 3 | 4 | 2 | 3 | 1 −68% |
| Net profit | 2 | 2 | 2 | 1 | 0 −89% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −53.3% 1Y
1Y: ₹40.4 on 10 Sept 2025 → ₹18.85. High ₹42.95 (30 Sept 2025), low ₹15.35 (27 Mar 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹7 Cr | ₹14 Cr | ₹14 Cr |
| Reserves | ₹1 Cr | ₹3 Cr | ₹5 Cr | ₹21 Cr | ₹22 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹6 Cr | ₹4 Cr |
| Total liabilities | ₹2 Cr | ₹5 Cr | ₹17 Cr | ₹41 Cr | ₹39 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹6 Cr | ₹5 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹1 Cr | ₹5 Cr | ₹10 Cr | ₹9 Cr |
| Other assets | ₹2 Cr | ₹3 Cr | ₹10 Cr | ₹25 Cr | ₹26 Cr |
| Total assets | ₹2 Cr | ₹5 Cr | ₹17 Cr | ₹41 Cr | ₹39 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, the public added +4.66 pp while FIIs trimmed −3.26 pp. The shareholder count shrank 15% to 676.
- Promoters
- 63.7%
- FIIs
- 0.0%
- DIIs
- 1.4%
- Public
- 34.9%
Since Mar 2025
- Public +4.66 pp
- FIIs −3.26 pp
- DIIs −1.40 pp
How it drifted, 4 quarters
Over this window the public went from 24.3% to 34.9% — +10.5 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 63.7%, FIIs 5.5%, DIIs 6.5%, Public 24.3%.Mar '25: Promoters 63.7%, FIIs 3.3%, DIIs 2.8%, Public 30.2%.Sep '25: Promoters 63.7%, FIIs 0.0%, DIIs 1.4%, Public 34.9%.Mar '26: Promoters 63.7%, FIIs 0.0%, DIIs 1.4%, Public 34.9%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Srinivas Danthuri newly disclosed 1.37% held
- Ar Creations newly disclosed 0.00% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Identical Brains Studios Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Raghvendra Umesh Rai | 63.10% | unchanged |
| Yash Jasbir Oberoi | 3.67% | unchanged |
| Oberoi Mega Entertainment Llp | 1.84% | unchanged |
| Shomik Lalit Ranawat | 1.47% | unchanged |
| Holani Venture Capital Fund- Holani Venture Capital Fund-I Mutual fund | 1.38% | unchanged |
| Srinivas Danthuri | 1.37% | newly disclosed |
| Sameer Rai | 0.64% | unchanged |
| Umesh Rai | 0.00% | unchanged |
| Kiran Rai | 0.00% | unchanged |
| Ankur Rai | 0.00% | unchanged |
| Triveni Rai | 0.00% | unchanged |
| Tara Rai | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -12.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Identical Brains Studios Ltd
Guides on how to read this kind of business and the numbers that matter.