Phantom Digital Effects Ltd received an order from Netflix; details inside

Today, Phantom Digital Effects Ltd informed in the exchange filing that it has secured an order from Netflix for providing VFX for a project that includes Netflix-branded audio-visual content, whether produced directly by Netflix, produced by a PSC, or licensed from a licensor for exhibition on Netflix OTT.

The order is to be executed in four years with an extension of further two years upon agreement between parties to complete the project.

The estimated worth of this order is approximately Rs 120 Crore for the total project for four years.

According to the management, the revenue and business stemming from this partnership are bound to have a positive impact on their business operations and global operations.

Netflix is a popular streaming service that offers a wide variety of movies, TV shows, documentaries, and original content. It offers a vast library of content that includes movies from various genres, TV shows from different networks and countries, and a growing collection of original programming.

Phantom Digital Effects Limited is a Certified Trusted Partner Network (TPN) company, a full-fledged creative VFX studio, based in India with offices operating in US and Canada. As a TPN Certified studio, PhantomFX offers a wide range of VFX services. It provides high-end visual effects solutions for commercials, feature films, and Web series globally. The company has two studios located in Mumbai and Chennai.

Today, the stock commenced trading at Rs 413.45, a Flat opening from the previous day’s closing price of Rs 413.45. During the intraday session shares of the company locked into the upper circuit. Eventually, it concluded the day at Rs 434.10 on the NSE. The stock’s 52-week highs and lows are Rs 434.10 and Rs 151 respectively. Currently, its market capitalization stands at Rs 505 Crore.

In terms of ownership, the promoter holding is at 63.92% and the remaining 36.08% is held by Public investors.

If we check the company’s financials, annual revenue experienced a substantial increase of 159%, rising from Rs 22 Crore to Rs 59 Crore. The operating profit of the company stands at Rs 23 Crore, accompanied by an operating profit margin of 39%. Furthermore, the net profit of the company amounts to Rs 16 Crore. The company’s return on capital employed (ROCE) and return on equity (ROE) are reported as 75.3% and 65.5%, respectively.

The stock has delivered multibagger returns of 356%, on its listing price of Rs 95 within just 250 days of its listing. During the IPO it has subscribed by 164.22 times. The public issue subscribed by 207.08 times in the retail category, 14.75 times in QIB, and 554.76 times in the NII category.