Recode Studios Limited

Recode Studios Limited

BBSE:RECODE
445.00
INR
+7.20
(+1.64%)
10.55EPS
2023 Y
2024 Y
2025 Y
2026 Y
Revenue per Share
18.54
31.8
44.04
72.79
Basic EPS, GAAP
0.65
0.26
2.92
10.55
Free Cash Flow per Basic Share
-5.71
-3.26
1.9
2.36
Dividend per Share
- -
- -
- -
- -
Book Value per Share
4.88
5.14
8.2
18.79
Tangible Book Value per Share
4.88
5.14
8.19
18.79
Basic Weighted Avg Shares
11
11
11
11
Sales/Revenue/Turnover
197
338
469
775
Operating Margin (%)
6.3
3.49
12.25
20.21
Depreciation Expense
2
5
6
9
Net Income, GAAP
7
3
31
112
Effective Tax Rate (%)
25.78
28.39
29.83
25.22
Profit Margin (%)
3.51
0.81
6.64
14.49
Working Capital
62
61
87
176
LT Debt
18
27
25
12
Total Equity
52
55
87
200
Return on Invested Capital (%)
- -
7.55
25.85
54.07
Return on Capital (%)
- -
7.71
26.1
55.33
Return on Common Equity (%)
- -
5.14
43.84
78.16

Capital Structure

INR

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

INR

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
129.26%
Free Cash Flow
- -
- -
23.88%
Net Income, GAAP
- -
- -
260.72%
Sales/Revenue/Turnover
- -
- -
65.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
338
2025
- -
- -
- -
- -
469
2026
- -
- -
- -
218
775

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.26
2025
- -
- -
- -
- -
2.92
2026
- -
- -
- -
2.03
10.55

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Dheeraj Bansal
Sector
Retail trade
Industry
Specialty stores
Address
Ludhiana India
IPO Date
May 12, 2026
Business
Recode Studios Limited is an India-based cosmetics and personal care company that designs, manufactures, markets, and retails a comprehensive portfolio of beauty, skincare, and grooming products under the Recode brand. The company operates through two core business divisions: Color Cosmetics and Skincare & Personal Care. Its product portfolio includes face makeup, comprising primers, liquid foundations, concealers, compact powders, setting sprays, highlighters, blushes, and contour kits; eye makeup, encompassing kajals, liquid eyeliners, eyeshadow palettes, mascaras, and eyebrow pencils; lip cosmetics, consisting of liquid matte lipsticks, bullet lipsticks, lip stains, glosses, liners, and hydrating lip balms; skincare and wellness formulations, including facial serums, moisturizers, toners, cleansing balms, sheet masks, and sunscreen lotions; and beauty tools and accessories, including professional makeup brush sets, blending sponges, eyelash curlers, and cosmetic travel organizers. The company distributes its offerings across India through an omnichannel sales framework consisting of its proprietary direct-to-consumer e-commerce portal, leading online beauty marketplaces, exclusive brand outlets, multi-brand beauty retail stores, and modern trade counters. In recent corporate developments, the company converted into a public limited entity and listed its equity shares on the BSE SME platform; expanded its physical retail presence by opening exclusive brand stores and franchise kiosks across Tier-1, Tier-2, and Tier-3 Indian cities; launched specialized clean-ingredient cosmetic and professional-grade artist ranges; and upgraded its regional supply chain logistics and fulfillment network to accelerate order processing across domestic markets. Recode Studios Limited was founded in 2018 and is headquartered in Ludhiana, Punjab, India.