Optimystix Entertainment IndiaShare price, financial results, shareholding and management
- Market cap
- ₹304 cr
- Stock P/E
- 12.7peers 10.3
- Book value
- ₹56.3
- Price to book
- 2.32
- EV / operating profit
- -
- Market cap to sales
- 2.25
- ROCE · FY26
- 27.1%
- ROE · FY26
- 21.0%
- ROE, 3-year average
- 18.3%
- Operating margin · FY26
- 23.0%peers 20.3%
- Sales growth, 3 years
- 63.1%
- Profit growth, 3 years
- +41.2%
- Debt to equity
- 0.00peers 0.06
- Borrowings
- ₹0 cr
- Interest cover
- No interest
- Cash from business / op. profit
- -26%
- Debtor days
- 132
- Pledged
- 0.00%
- Promoter holding
- 55.77%
- Change in promoter holding
- -
- Shareholders
- 1,544
- High / low since listing
- ₹195 / ₹124
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Optimystix Entertainment India share price chart
Close on 6 Nov 2026 · -0.61% on the day · Vol 47,200
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -4.5%
- Since IPO
- -25.3%
- Traded a day, 20 days
- ₹0.51 cr
- Taken for delivery
- 79%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +9% | +41% |
| 3 years, a year | +63% | - |
About Optimystix Entertainment India: business, products and customers
Optimystix Entertainment makes television shows, web series and films for Indian TV channels, streaming services and film studios, and is known for comedy, crime and children's shows. It is based in Mumbai and its shares trade on NSE Emerge.
Optimystix Entertainment was founded in Mumbai in 2000 by Vipul D. Shah and is co-headed by Rajesh Darshan Bahl. It has produced more than 150 television shows, including Comedy Circus, Crime Patrol, Baalveer, Indian Idol's first season and Laughter Chefs, and since 2022 has moved into feature films such as OMG 2, Khel Khel Mein and The Diplomat and into web series. Revenue comes from three lines: commissioned TV shows, web series for streaming services, and films and their rights.
How each line is paid shapes the numbers. TV and web series are made to order on a cost-plus basis: the channel or platform fixes a budget per episode, pays in milestones, owns the show and pays for its marketing, so revenue is the budget and the margin is steady but capped. Films are co-owned: T-Series funds production and handles sales, and the company keeps half of the rights and profits, so film income depends on release timing and box office and swings from year to year. Owned content is the newest part: costs are carried as inventory until a show or film is sold, so cash goes out well before revenue comes in.
Read more about the business
The films named above were made through Wakaoo Films LLP, a partnership co-founded by the promoters in which the company holds 48%; in FY26 the company bought rights worth ₹12.2 cr from it and was owed ₹14.6 cr by it at March 2026. The offer document names Panorama Studios International, Cinevista and Balaji Telefilms as listed peers, all of which produce films or television content, and cites an industry report naming Yash Raj Films, Dharma Productions, Maddock Films, Balaji Telefilms and Sunshine Productions as leading production houses.
What is new: the company is shifting from making shows for others to owning more of what it makes, with a regional film slate in Tamil, Telugu and Malayalam, animated shows for its own YouTube channels, and short vertical dramas for an app it is building. It raised fresh money in its August 2026 listing to fund this.
From the offer document (red herring prospectus, 2026) and the shareholding pattern of August 2026.
Read the deeper study ↓In its favour
- Sales have grown very fast: 63% a year over three years.
- It earns a high return on the money it uses: ROCE 27% in FY26.
- It has little debt for its size: debt to equity 0.00.
To watch
- Use of the issue money for working capital in FY27 and FY28, and whether content inventory turns into releases (Offer document, p.95 and p.98).
- Dealings with Wakaoo Films LLP, from which the company bought rights worth ₹12.2 cr in FY26 and which owed it ₹14.6 cr at March 2026 (Offer document, p.63 and p.64).
- Share of revenue from JioStar India and the other top five customers (Offer document, p.31).
- The appeal against a GST demand of ₹22.7 lakh for FY18 to FY20 over input tax credit (Offer document, p.284).
- Customers take longer to pay than before: 132 days in FY26, against 31 in FY23.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Optimystix Entertainment India revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
Optimystix Entertainment India profit and loss
Full years to March, FY23 to FY26 · ₹ crore, consolidated where reported
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Sales | 31.10 | 55 | 124 | 135 |
| Expenses | 38.21 | 50 | 100 | 104 |
| Operating profit | -7.11 | 5 | 24 | 31 |
| OPM | -22.9% | 8.0% | 19.0% | 23.0% |
| Other income | 0.57 | 0 | 1 | 1 |
| Interest | 0.10 | 0 | 0 | 0 |
| Depreciation | 0.83 | 0 | 0 | 1 |
| Exceptional and other items | · | -1 | -1 | · |
| Profit before tax | -7.47 | 4 | 24 | 31 |
| Tax rate | 0.9% | -75.0% | 29.2% | 22.6% |
| Net profit | -7.54 | 7 | 17 | 24 |
| EPS ₹ | · | · | 2,608 | 13.12 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
A tax rate above 60% or below zero (FY24) comes from tax charged on a small or negative profit, as reported.
Earnings per share before FY26 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Optimystix Entertainment India profitability
Margins and returns on capitalLast year the company kept more from each rupee of sales than the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Operating margin | -22.9% | 8.0% | 19.0% | 23.0% |
| Tax rate | 0.9% | -75.0% | 29.2% | 22.6% |
| ROCE | · | 7.0% | 30.5% | 27.1% |
| ROE | · | 12.3% | 21.6% | 21.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% |
Optimystix Entertainment India debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It has almost no borrowings. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Optimystix Entertainment India balance sheet
At each 31 March · ₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Equity capital | 0.51 | 0.51 | 0.66 | 18 |
| Reserves | 53.43 | 59 | 97 | 113 |
| Net worth | 53.94 | 59.51 | 97.66 | 131 |
| Borrowings | 0.90 | 0 | 0 | 0 |
| Other liabilities | 6.80 | 46.49 | 41.34 | 36 |
| Total liabilities | 61.64 | 106 | 139 | 167 |
| Fixed assets | 0.99 | 1 | 1 | 2 |
| Capital work in progress | 0 | 0 | 0 | 0 |
| Investments | 0.03 | 0 | 0 | 0 |
| Other assets | 60.62 | 105 | 138 | 165 |
Optimystix Entertainment India cash flow
₹ crore
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | 1.67 | -3 | 1 | -8 |
| Cash from investing | 0.58 | 0 | 0 | -14 |
| Cash from financing | -0.52 | -1 | 20 | 10 |
| Net cash flow | 1.73 | -4 | 21 | -12 |
Working capital
Days
| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Debtor days | 31 | 113 | 60 | 132 |
| Cash conversion cycle | 31 | 113 | 60 | 132 |
| Working capital days | 575 | 376 | 221 | 291 |
Optimystix Entertainment India peers and competitors
Listed SME companies in the same industryBy sales, Optimystix Entertainment India is number 3 of the 19 listed SME companies in entertainment.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Connplex Cinemas | 464 | 17.8 | 148 | 26.1 | 23.7% | 0.01 |
| Optimystix Entertainment India | 304 | 12.7 | 135 | 24 | 23.0% | 0.00 |
| Phantom Digital Effects | 157 | 7.8 | 102 | 20.2 | 36.7% | 0.25 |
| Maxposure | 77 | 8.1 | 88 | 9.5 | 14.7% | 0.13 |
| Studio LSD | 45 | - | 72.1 | -1 | -3.5% | 0.00 |
| Baweja Studios | 48 | 7.9 | 68.9 | 6.1 | 16.8% | 0.35 |
| Digikore Studios | 49 | 3.9 | 66 | 12.6 | 33.1% | 1.16 |
| Gretex Industries | 350 | 250.8 | 55.7 | 1.4 | 1.7% | 0.01 |
| B.A.G. Convergence | 220 | 20.4 | 43.2 | 10.8 | 42.3% | 0.00 |
| Radiowalla Network | 19 | 140.8 | 20.4 | 0.1 | 3.1% | 0.03 |
| Picturepost Studios | 9 | 10.3 | 20.3 | 0.8 | 25.8% | 0.08 |
| Median of the 10 others | 63 | 10.3 | 67.5 | 7.8 | 20.3% | 0.06 |
Optimystix Entertainment India shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Foreign and Indian funds own a noticeable share.
Optimystix Entertainment India shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Aug 26 | |
|---|---|
| Promoters | 55.77% |
| Foreign investors (FIIs) | 5.07% |
| Indian institutions (DIIs) | 9.93% |
| HNIs (over ₹2 lakh each) | 7.46% |
| Small holders (up to ₹2 lakh) | 11.19% |
| Companies and others | 10.58% |
| Number of shareholders | 1,544 |
The named holders are at 13 Aug 2026, each under the group the pattern files them in.
Optimystix Entertainment India study: the business from its own documents
Read from 1 of the company's own documentsOptimystix Entertainment India so far
From the company's own record
- 14 Aug 2026Listed on NSE Emerge at ₹175
- 31 Aug 2026Promoters at 55.77%
- 14 Aug 2026Highest close since listing, ₹189.00
Optimystix Entertainment India key facts from the filings
Each figure with the document it comes from
- Shows made
- 150+
- Television shows produced since 2000, over 7,500 hours of programming across all major broadcasters.Offer document, p.141
- Television
- 44.56%
- Share of FY26 revenue from TV shows; web series gave 32.36% and films 23.08%, after films gave 45.84% in FY25.Offer document, p.143
- Top five customers
- 85.05%
- Share of FY26 revenue; the largest, JioStar India, alone gave 36.21%.Offer document, p.31
- Content inventory
- ₹70.4 cr
- Shows and films in production or finished but unsold at March 2026, up from ₹41.0 cr two years earlier.Offer document, p.97
- Receivables
- ₹48.7 cr
- Money owed by customers at March 2026, up from ₹20.6 cr a year earlier.Offer document, p.97
Show 5 more facts
- Operating cash
- Negative ₹8.0 cr
- Cash from operations in FY26, as receivables and inventory rose faster than profit.Offer document, p.276
- T-Series
- 50% of rights
- Share of film rights and profits the company keeps while T-Series funds production; T-Series also held 6.9% of the shares after listing.Offer document, p.163; Shareholding pattern, August 2026
- Rights from Wakaoo
- ₹12.2 cr
- Rights bought in FY26 from Wakaoo Films LLP, a related partnership, which also owed the company ₹14.6 cr at March 2026.Offer document, p.63 and p.64
- Owned IPs
- 50+
- Film, web series and digital properties the company says it owns.Offer document, p.168
- IPO money
- ₹64.4 cr
- Fresh issue proceeds set aside for working capital over FY27 and FY28.Offer document, p.95
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company has not given guidance on sales or profit and does not disclose an order book. Its stated plan is to keep the commissioned TV business while owning more of its content: regional films in Tamil, Telugu and Malayalam, animated shows on its own YouTube channels and short vertical dramas on an app. To fund this it plans to spend issue money on working capital in FY27 and FY28, and its offer document projects working capital rising to ₹205.7 cr by FY28, mostly content inventory, which it says will be expensed as projects are released or licensed.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
The company earns a steady fee for making shows to order for a few big channels and platforms, plus a share of film profits.
Its weak spots are dependence on a handful of buyers, film income that swings, and cash tied up in unpaid bills and unsold content.
AverageCan it set its own prices?On shows made to order it earns an agreed margin over cost, so its margin is protected but capped; only owned content can earn more.
AverageHow strong is it against rivals?It has a long record of hit formats and ties with every major channel, but competes with many established and new production houses.
WatchWho are its customers?Big channels, streaming services and studios, but very few of them, with one buyer giving over a third of revenue.
WatchDoes it need a lot of money?It owns almost no machinery, but needs a lot of cash to carry unsold content and wait for payment, and plans to carry more.
AverageCan it keep finding new work?Long-running franchises keep getting renewed and the T-Series partnership brings film work, but every contract is project by project.
WatchDo good and bad years swing a lot?Yes: the mix between TV, web series and films changes sharply from year to year with release timing.
Who runs Optimystix Entertainment India?
Promoters, directors and officers; tap a name for the background
VDVipul D. ShahPromoter, Chairman and Managing Director · holds 15.80%
Began as a writer (Dekh Bhai Dekh, Minnale, Rehna Hai Tere Dil Mein) and founded the company in 2000, with more than 25 years in Indian entertainment; creator of Comedy Circus, Crime Patrol and Baalveer. Responsible for strategy, creative leadership and business development. Paid ₹15 lakh a month plus a 2.5% share of the previous year's profit before tax. The offer document records Vipul D. Shah and Sanjay Dhirajlal Shah as brothers.
Offer document, p.193, p.196, p.197 and p.198RDRajesh Darshan BahlPromoter, Whole Time Director and Group Chief Executive Officer · holds 2.87%
MBA in marketing from K.J. Somaiya Institute, with more than 25 years in music, broadcasting, film, print and digital, including senior roles at Sony Music, Universal Music, Eros International, Disney Star and the Times of India Group; co-founder and chief executive of Wakaoo Films LLP. On the board since August 2019; paid ₹10 lakh a month plus a 2.5% share of profit before tax.
Offer document, p.193, p.196 and p.199SDSanjay Dhirajlal ShahPromoter and Non-Executive Director
Founder of Paras Pipe Fittings Company in 1991, with over 35 years in plumbing, industrial fittings and hardware; on the board since February 2017.
Offer document, p.194 and p.196OMOptimystix Media Private LimitedCorporate promoter · holds 36.31%
A Mumbai company set up in 2003 whose promoters are Vipul D. Shah and Sanjay D. Shah; its directors are Vipul D. Shah, Sanjay Dhirajlal Shah and Rajesh Darshan Bahl.
Offer document, p.217 and p.218RVRajesh Vasudeo DesaiIndependent Director
Chartered accountant with over 40 years in finance; more than 25 years at Glenmark Pharmaceuticals, retiring as Executive Director and Global CFO.
Offer document, p.195 and p.197MRMonica Rakesh GuptaIndependent Director
Chartered accountant, co-founder and chief executive of Earlyseed Ventures, and a partner in a cinema in Panvel.
Offer document, p.194 and p.196MSManmeet Singh ChandhokeIndependent Director
Music director and singer of the duo Meet Bros, and founder of MB Music and MB Music Academy.
Offer document, p.195 and p.196PSParesh Shashikant ParekhChief Financial Officer
Chartered accountant with more than 25 years in finance, accounts and tax, earlier at Nobel Industries and V Link Fleet Solution; with the company since May 2011 and Chief Financial Officer since May 2025.
Offer document, p.209SKShikha Kailash KediaCompany Secretary and Compliance Officer
Qualified company secretary with over 5 years of experience; appointed in February 2026.
Offer document, p.209 and p.213Optimystix Entertainment India latest news and announcements
Announcements · Documents · Corporate actionsOptimystix Entertainment India announcements
7 on record, latest first; each opens the filing on the exchange
- Certificate under SEBI (Depositories and Participants) Regulations, 2018For the quarter ended 30.09.2026PDF ↗
- Press Releasea press release dated October 01, 2026, titled "Optimystix Entertainment strengthens its global IP strategy with Game Changers, a high-potential business realitPDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Updates'Change of Corporate Identification Number (CIN) of the Company'PDF ↗
- Press Releasea press release dated September 01, 2026, titled "Press Release"PDF ↗
- General UpdatesIntimation under Regulation 8(2) of the SEBI (Prohibition of Insider Trading Regulations, 2015PDF ↗
- General UpdatesContact details of Key Managerial Personnel of the Company authorised under Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) RegulPDF ↗
Optimystix Entertainment India annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Optimystix Entertainment India share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Optimystix Entertainment India's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iNet profit is above profit before tax in FY24: a tax credit or a share of associates' profit, as reported.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,32,68,900 shares).
- !The FY26 results imply 1,80,00,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- !Earnings per share changes basis between FY25 (₹2,608.17) and FY26 (₹13.12) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY23 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Optimystix Entertainment India
What does Optimystix Entertainment India do?
Optimystix Entertainment makes television shows, web series and films for Indian TV channels, streaming services and film studios, and is known for comedy, crime and children's shows. It is based in Mumbai and its shares trade on NSE Emerge.
What is the share price of Optimystix Entertainment India?
₹131 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Optimystix Entertainment India?
₹304 cr at the close on 6 Nov 2026, on 2,32,68,900 shares.
What is the P/E of Optimystix Entertainment India?
12.7 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Optimystix Entertainment India's revenue and profit?
Revenue ₹135 cr and profit after tax ₹24 cr in FY26.
Who are the promoters of Optimystix Entertainment India?
Vipul D. Shah, Rajesh Darshan Bahl, Sanjay Dhirajlal Shah, Optimystix Media Private Limited; promoters held 55.77% at 31 Aug 2026.
What was the IPO price of Optimystix Entertainment India?
₹175 a share; it listed on 14 Aug 2026.
More SME companies like Optimystix Entertainment India
Other listed SME companies in entertainment, the closest in size first, each read from its own documents.
- Gretex IndustriesGRETEX · NSE Emerge · Entertainment · listed 2016Market cap ₹347 cr
- B.A.G. ConvergenceBAGDIGITAL · NSE Emerge · Entertainment · listed 2025Market cap ₹237 cr
- Basilic Fly StudioBASILIC · NSE Emerge · Entertainment · listed 2023Market cap ₹403 cr
- Diksat TransworldDIKSAT · BSE SME · EntertainmentMarket cap ₹227 cr
- Connplex CinemasCONNPLEX · NSE Emerge · Entertainment · listed 2025Market cap ₹442 cr
- Phantom Digital EffectsPHANTOMFX · NSE Emerge · Entertainment · listed 2022Market cap ₹116 cr
Every listed SME company in Entertainment → · SME companies listed in 2026 →
Built from 1 offer document, 7 exchange announcements, 1 shareholding patterns and 4 years of reported results. Every figure carries its source; where the documents are silent, the page says so.