Basilic Fly Studio Ltd(BASILIC)

NSE: BASILIC

₹ 177-4.84%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 447 crUpdated: 24 Oct 2026

About

Basilic Fly Studio is a global visual effects studio headquartered in Chennai, providing end-to-end VFX for feature films, television and streaming series, web content and commercials. It delivers from six locations across four countries: Chennai, Pune, Bengaluru, London, Paris and Vancouver. FY26 revenue was Rs 407.8 Cr. The company is listed on the NSE Emerge platform under the symbol BASILIC.^[1][2]

Services and geographic mix

Provides end-to-end VFX for feature films, television and streaming series, web content and commercials (FY26 annual report).^[1]
More than 80% of revenue comes from Europe and North America; Europe contributed 60% of FY26 consolidated revenue.^[1]
India standalone revenue was ₹120 Cr in FY26 vs ₹74 Cr in FY25; ₹26 Cr in Q1 FY27, up 28% YoY.^[3][4]
Launched a new AI-driven commercial and production-ready content vertical delivering hybrid AI+VFX projects for advertising clients (Q3 FY26 call).^[5]

Studios and delivery capacity

Six delivery locations across four countries: Chennai (HQ), Pune, Bengaluru, London, Paris and Vancouver (FY26).^[1]
Network of more than 35 partner studios used to add capacity at peak demand without fixed costs (FY26).^[1]
Capacity utilisation was 75-80% in Q4 FY26.^[3]
Employee strength of 792 in Q1 FY27, from 775 in FY26.^[4]
Chennai and Pune facilities hold TPN Gold content-security certification valid through 2028; the company completed a Disney security audit.^[1]
India-led delivery gives a 30 - 40% cost advantage over UK and EU-based execution; 30 - 40 high-end roles migrated from UK/Europe to India over the last 2-3 quarters (Q1 FY27).^[1][4]

Order book and operating numbers

Undelivered order book of ₹250 - 260 Cr in Q1 FY27, vs ₹100 - 150 Cr historically; FY27 opening order book was ₹232 Cr.^[4][3]
Active bid pipeline of ₹700 Cr (£55M) in Q1 FY27, with 40% at an advanced stage, vs ₹456 Cr at FY27 opening.^[4][3]
New international orders won FY27 year-to-date: ₹105 Cr as of Q1 FY27.^[4]
Delivered 89 projects and added 10 new clients in Q1 FY27; delivered 410 projects for 108 active clients in FY26.^[4][3]
A major Q1 FY27 win was in the $4 - 4.5M range vs a historical bid ticket size of $1 - 1.5M.^[4]

Customers

Clients include Netflix, Disney, Amazon, HBO, Warner Bros., Sony, Paramount, Universal, Prime Video, BBC and Apple TV+ (FY26).^[1]
Netflix and Amazon alone account for more than half of revenue (FY26 annual report).^[1]
Top 5 and top 20 clients accounted for 55% and 82% of FY26 consolidated revenue.^[1]
Netflix and Amazon onboarded for full-length domestic OTT mandates; Q1 FY27 domestic OTT revenue already crossed 2x of full-year FY26 domestic OTT revenue.^[4]
Business development extends into New York and Los Angeles (FY26).^[1]

Expansion and technology projects

New Bengaluru studio of 11,000 sq. ft. seating 150 employees, estimated cost ₹233 million (₹214 million unutilised IPO proceeds plus ₹19 million internal accruals), targeted by March 2027.^[6]
Bengaluru has 39 artists (Q1 FY27); physical facility planned from October 2026, 80 - 100 seats initially and 150 seats by end of FY27.^[4]
Invested ₹73 Cr in FY26 in AI workflows, USD pipeline and hybrid infrastructure; FY27 tech investment expected at ₹15-20 Cr.^[3]
NetApp storage transition completed (Q1 FY27); Project Hybrid unified data centre due end-August 2026 and USD pipeline integration by September 2026.^[4]
North American acquisition at advanced evaluation with two candidates, preferred target a profitable commercial VFX business, to be funded from cash (Q1 FY27 call).^[4]

Recent developments

Shareholders approved on September 28, 2026 the change in use of unutilised IPO proceeds to fund the new Bengaluru studio.^[6]
Raised ₹85 Cr via QIP at ₹419.72 per share in September 2025.^[7][5]
14 senior leadership hires in FY26 across business development, operations and AI, including ex-Netflix and ex-ILM profiles.^[3]
Main board migration: eligibility opens September 2026, with an update expected by September or December 2026.^[4]
Certified as an Outstanding Workplace for 2026 - 2027 in June 2026.^[1]

Market Cap

₹447 Cr

High / Low

₹395 / 161

Stock P/E

12.5

Price / Book

1.7

Book Value

₹132

EPS

₹19.3

No. of Shares

2.53 Cr

ROCE

22.6%

ROE

17.9%

OPM

19.0%

Debt / Equity

0.19

Sales

₹408 Cr

Net Profit

₹51 Cr

Promoter holding

55.3%

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