58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Picture Post Studios Limited IPO Analysis

Picture Post Studios IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Mumbai and caters to Film And Animation - VFX sector. Shreni Shares is the merchant banker of Picture Post Studios IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 22nd May 2024.

Picture Post Studios IPO posted revenues of Rs 26.54 crores and PAT of Rs 3.43 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Picture Post IPO Financial Performance (Restated)

Financial results of Picture Post Studios IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
29-Feb-24
FY24
FY23
FY22
Balance Sheet
Assets
129.30
82.85
25.15
9.00

Net Worth
100.88
73.31
21.82
-3.37

Total Debt
15.48
0.48
0.04
14.71

Profit & Loss
Revenue
Revenue on annualised basis
134.16
134.16
84.90
48.67
13.89

EBITDA
EBITDA on annualised basis
33.00
33.00
19.15
9.91
-5.98

PAT
PAT on annualised basis
23.10
23.10
13.59
5.15
-4.20

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Picture Post IPO Key performance Indicators (KPI)

Picture Post Studios IPO PAT Margin is 17.22%, ROCE (Return on Capital Employed) is 0.28% as per latest financial. The below table shows Picture Post Studios IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
29-Feb-24
FY24
FY23
FY22

EBITDA Margin (%)
24.60
22.56
20.36
-43.05

PAT Margin (%)
17.22
16.01
10.58
-30.24

EPS (Rs.)
13.09
7.94
4.37
-3.59

ROE (%)
22.90
18.54
23.60
124.63

ROCE (%)
0.28
0.26
0.45
-0.70

ROA (%)
17.87
16.40
20.48
-46.67

Debt to Equity (x)  
0.15
0.01
0.00
-4.36

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Picture Post Studios IPO Valuation Metrics

The market Capitalisation of Picture Post Studios IPO is Rs 70.32 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
70.32

Enterprice Value (EV) (Rs. Cr.):
83.18

EV/EBITDA (times) :
2.52

PE Multiple (times) :
20.47

P/B (times) :
0.59

NAV (Rs.) :
55.98

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Picture Post prospectus?

The Picture Post Studios IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Picture Post IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Picture Post Studios IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Picture Post IPO ?

The post-IPO market capitalisation of Picture Post Studios IPO is ₹70.32 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Picture Post IPO?

The Picture Post Studios IPO has a Price-to-Earnings (PE) ratio of 20.47 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Picture Post Studios IPO?

Picture Post Studios IPO reported revenue of ₹26.54 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Picture Post Studios IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Picture Post Studios IPO?

Picture Post Studios recorded an EBITDA of ₹ 33.00 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Picture Post Studios IPO?

Picture Post Studios Profit After Tax (PAT) is ₹23.10 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 134.16 Cr.
            EBITDA: ₹ 33.00 Cr.
            PAT: ₹ 23.10 Cr.
  • EBITDA Margin: 24.60 %
            Pat Margin: 17.22%
  • Net Worth: ₹ 100.88 Cr.
  • Market Capitalisation: ₹ 70.32 Cr.
  • P/E: 20.47 times
  • P/BV: 0.59 times
  • EV/EBITDA: 2.52 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Picture Post Studios operates in Film And Animation - VFX and VFX And CGI Related Services. The Issue is listed on NSE EMERGE in Aug, 2024. Picture Post Studios IPO size was 18.72 with Issue price of 24.00 .

Picture Post Studios IPO subscription was 266.60 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Picture Post Studios IPO listed at a listing price of 31.50 against the offer price of 24.00.

The current market price of Picture Post Studios is 29.50.

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