Ashish Kacholia-Backed VFX Stock Hits 52-Week High with Heavy Volumes Today, Gains Over 400 Per cent Within 1 Year!
The company’s shares have delivered an impressive multibagger returns of over 55 per cent in just 1 month.
Incorporated in 2016, Basilic Fly Studio Ltd operates in the post-production sector, focusing on high-end visual effects (VFX) and 2D and 3D conversion services. Headquartered in Chennai, BFS also maintains subsidiaries in Canada and the UK. The studio specializes in leveraging advanced technology to provide VFX solutions for a diverse range of media including movies, TV shows, web series, and commercials. With a portfolio boasting approximately 10,000 completed projects, BFS serves over 300 clients, encompassing 900 movies, 2,000 series, and 8,000 commercials, among others.
At the start of the day's trading session, the share of Basilic Fly Studio Ltd opened at Rs 451.95 per share, compared to the previous day's closing figure of Rs 443.45 per share on the NSE. The stock has attracted a heavy volume today, reflecting strong demand in the market, and hit a 52-week high. The current market capitalization stands at Rs 1150 crore, and the stock has generated an impressive multibagger return of over 400 per cent compared to its IPO issue price.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, Basilic Fly Studio Ltd recorded a revenue of Rs 51 crore. The operating profit for Q4 FY24 stood at Rs 25 crore. The net profit for Q4 FY24 was Rs 17 crore. Looking at the annual performance, the company generated a revenue of Rs 100 crore in FY24, compared to Rs 70 crore in FY23. The operating profit for FY24 was Rs 49 crore, with a net profit of Rs 36 crore compared to a profit of Rs 26 crore representing a gain of 38.46 per cent YoY.
Regarding the shareholding pattern, the promoters own 59.90 per cent of the company and the public or retail investors hold 39.77 per cent. Ashish Kacholia owns a 2.78 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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