# Recode Studios (NSE: RECODE) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/RECODE · Pivot · prices to 22 Oct 2026

With a market capitalisation of ₹200 Cr, it ranks 2270th by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the FMCG sector; its industry is Household & Personal Products.

Its return on equity was 56.1% in FY26. In Q3 FY26, the quarter ended 31 Dec 2025, revenue was ₹20 Cr and net profit ₹4 Cr, on a standalone basis. Promoters held 65.02% of the company as of 11 May 2026.

## Key numbers

| Metric | Value |
| --- | --- |
| Market cap | ₹200 Cr |
| ROE | 56.1% (FY26) |
| ROCE | 73.1% (FY26) |
| Debt to equity | 0.31 |

## Quarterly results (₹ crore, standalone)

| Quarter | Revenue | Revenue YoY | Net profit | Net profit YoY | EPS (₹) |
| --- | --- | --- | --- | --- | --- |
| Q3 FY26 | ₹20 Cr | — | ₹4 Cr | — | ₹4.84 |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY26 | ₹80 Cr | ₹11 Cr |
| FY25 | ₹48 Cr | ₹3 Cr |
| FY24 | ₹37 Cr | ₹0 Cr |
| FY23 | ₹22 Cr | ₹1 Cr |
| FY22 | ₹11 Cr | ₹0 Cr |

## Shareholding (11 May 2026)

- Promoters: 65.02%
- Foreign institutions: 3.41%
- Domestic institutions: 12.25%
- Non-institutions: 19.33%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Sakthi Sugars](https://app.pivotnow.in/stock/SAKHTISUG) | ₹17.45 | ₹207 Cr | 7.4 | — |
| [Neelamalai Agro Industries](https://app.pivotnow.in/stock/NEAGI) | ₹3,250.00 | ₹202 Cr | — | — |
| [The United Nilgiri Tea Estates Company](https://app.pivotnow.in/stock/UNITEDTEA) | ₹403.50 | ₹202 Cr | 9.2 | — |
| [Vijay Solvex](https://app.pivotnow.in/stock/VIJSOLX) | ₹628.05 | ₹201 Cr | 10.4 | — |
| [Chandrima Merca](https://app.pivotnow.in/stock/CHANDRIMA) | — | ₹196 Cr | — | — |
| [Nova Agritech](https://app.pivotnow.in/stock/NOVAAGRI) | ₹20.98 | ₹194 Cr | 14.7 | — |

## Questions and answers

### What is the market cap of Recode Studios?

Recode Studios' market capitalisation is ₹200 Cr (₹200 Cr) at the 22 Oct 2026 close, ranking 2270th among the NSE companies Pivot tracks.

### What is the ROE and ROCE of Recode Studios?

Return on equity was 56.1% in FY26 and return on capital employed was 73.1% in FY26 (standalone figures).

### Is Recode Studios a debt-free company?

No. Recode Studios' debt-to-equity ratio was 0.31 in FY26, with total debt of ₹1 Cr.

### What were Recode Studios' latest quarterly results?

For Q3 FY26 (quarter ended 31 Dec 2025), Recode Studios reported revenue of ₹20 Cr and net profit of ₹4 Cr.

### What is the shareholding pattern of Recode Studios?

As of 11 May 2026: promoters 65.02%, foreign institutions 3.41%, domestic institutions 12.25%, non-institutions 19.33%.

### Who are Recode Studios' competitors?

The listed FMCG companies closest to Recode Studios by market cap are Sakthi Sugars, Neelamalai Agro Industries, The United Nilgiri Tea Estates Company, Vijay Solvex, Chandrima Merca and Nova Agritech.

### Is Recode Studios a good stock to buy?

Pivot does not give buy or sell recommendations. This page sets out Recode Studios' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on RECODE against its own history before risking money. This is analysis, not financial advice.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.