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    Phantom Digital

    Chennai-headquartered VFX studio group (PhantomFX, Tippett Studio, Milk Visual Effects, Lola Post, Spectre Post) delivering CGI, 3D animation, compositing, pre-visualization, post-production and gaming services for films, OTT/web series and

    Media, Entertainment & Publication
    Consumer Discretionary
    View PHANTOMFX earnings calls

    Overview

    Price

    Market Cap

    ₹273 Cr

    Sector

    Media, Entertainment & Publication

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    LiabilitiesEquity Capital000012141416
    Reserves000533131151219
    Borrowings53437214235
    Other Liabilities12378142129
    Total Liabilities6571559180228298
    AssetsFixed Assets111110181816
    CWIP00000151212
    Investments000000119
    Other Assets4471449147196252
    Total Assets6571559180228298

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25
    ActivitiesCash from Operating-22-13-10-54-18
    Cash from Investing-1000-11-202
    Cash from Financing2-11-2238917
    SummaryCapital Expenditure
    Free Cash Flow-22-13-21-82-23
    FCF Margin

    Valuation

    Assumptions

    Current — PHANTOMFX
    Price
    ₹176
    EPS (TTM)
    ₹29.67
    PE (TTM)
    5.9
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (9.3×) and current (5.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹176
    vs
    Fair value · 15% return
    ₹123
    30%Overvalued

    At 10% growth and a 6× exit, ₹176 only delivers your return if you pay ₹123. The price is currently baking in 17% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 6×.

    YearGrowthEPS (₹)
    FY2710.0%32.64
    FY2810.0%35.90
    FY2910.0%39.49
    FY3010.0%43.44
    FY3110.0%47.78
    FY328.0% ·fade51.61
    FY336.0% ·fade54.70

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Phantom Digital

    Guides on how to read this kind of business and the numbers that matter.