| Market Cap | ₹406.7 CrSmall Cap |
|---|---|
| P/E Ratio | 8.33xIndustry: 37.23x |
| Promoter Holding | 55.32%21.47% Pledged |
| RSI | 41.05Neutral Zone |
Key highlights
- Special resolution for migration approved with 100% of votes cast in favour
- A total of 1,53,60,950 votes were recorded through remote e-voting as of October 29, 2026
- Promoter group contributed 1,39,75,550 votes, while public institutions cast 1,38,900 votes
- Company is transitioning from the SME platform to the Main Boards of both NSE and BSE
- Migration follows management guidance of targeting ₹530-540 crore revenue in FY27
Unanimous Support for Main Board Transition
Shareholders of Basilic Fly Studio have paved the way for the company’s transition to India's primary equity markets. According to the scrutinizer's report, a total of 42 members participated in the remote e-voting process, representing 1,53,60,950 votes. Every single vote was cast in favor of the special resolution to migrate listing from the NSE EMERGE platform to the Main Boards of both the National Stock Exchange and BSE Limited.
This unanimous approval, finalized on October 29, 2026, satisfies the regulatory requirement under Regulation 277 of SEBI ICDR Regulations, which mandates that votes in favor by non-promoter shareholders must be at least twice the number of votes against.
Financial Performance and Valuation Context
The migration comes as the media and entertainment firm manages a market capitalization of ₹406.7 crore. For the quarter ended June 30, 2026, Basilic Fly Studio reported operating revenue of ₹103.5 crore, marking a 9.1% increase compared to the same period in the previous year. However, net profit for the quarter stood at ₹6.9 crore, a decline of 49.3% sequentially and 29.2% year-on-year.
Despite recent margin compression—operating margins fell to 13.9% from 18.1% a year prior—the company maintains a price-to-earnings (P/E) ratio of 8.33, which compares to an industry average P/E of 37.23.
Strategic Growth and FY27 Guidance
Beyond the listing upgrade, the studio is tracking an ambitious growth trajectory supported by a substantial project queue. In August 2026, the company reported a record active bidding pipeline of approximately ₹700 crore, equivalent to nearly GBP 55 million. Management has reaffirmed guidance for the 2027 fiscal year, targeting revenue between ₹530 crore and ₹540 crore, representing an estimated growth of 25% to 30%.
The company also aims for a profit after tax (PAT) of ₹65 crore to ₹70+ crore for the same period. This outlook is supported by a trailing twelve-month (TTM) operating revenue of ₹416.41 crore.
What to watch next
- Board meeting on November 05, 2026, to approve financial results for the half-year ended September 30, 2026
- Formal approval and commencement date of trading on the NSE and BSE Main Boards
- Execution progress of the ₹700 crore bidding pipeline reported in August 2026
- Progress toward achieving the FY27 revenue guidance of ₹530-540 crore
| Share price | ₹175 |
|---|---|
| Market capitalisation | ₹406.70 Cr |
| Revenue (annual) | ₹407.80 Cr |
| Net profit (annual) | ₹48.80 Cr |
| Revenue (latest quarter) | ₹103.50 Cr-8.73% vs previous quarter |
| Net profit (latest quarter) | ₹6.90 Cr-49.26% vs previous quarter |
| P/E (TTM) | 8.33×Sector 28.19× |
| Promoter holding | 55.32%0.00% QoQ |
| FII holding | 3.44%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Basilic Fly Studio Limited announcing voting results and scrutinizer report for migration to main board. Market figures from a third-party data provider.
