5+ Best VFX Stocks in India 2025

In the changing world of visual content, VFX plays an important role. Earlier, the quality of content was not up to the mark and was less immersive due to lack of technology. However, over time, the VFX industry has emerged as a key component in bringing creative visualizations to reality. The demand for VFX in OTT content, games, movies, etc., acts as a catalyst for this industry.

In this blog, we will give you an overview of the VFX industry along with an overview of top stocks related to this sector. Moreover, we will discuss the benefits of investing in these stocks and factors that can directly impact their performance.

What are VFX Stocks?

VFX, short for visual effects, is used to create and enhance the visuals used in TV shows, video games, commercials, and movies. Companies that are primarily engaged in providing and enhancing these visual effects are called VFX companies. The global VFx market is expected to grow at a  CAGR of 10.7% from $15 billion in 2023 to $30 billion in 2030. Various listed companies in India are engaged in making animations and visual effects for television shows, video games, movies, etc. However, there are a few companies that are listed on the stock market, which are discussed below.

Top VFX Stocks Based on Market Capitalisation

Company	Current Market Price (in ₹)	Market Capitalisation (in ₹ crores)	52-Week High (in ₹)	52-Week Low (in ₹)
Prime Focus Limited	123	3,703	165	85
Basilic Fly Studio Limited	460	1,069	658	223
Phantom Digital Effects Limited	266	361	490	165
Digikore Studios Limited	163	103	560	157
Picturepost Studios Limited	23.9	70	45.6	23.2
Identical Brains Studios Limited	44	61.7	99.8	38

Read Also: Top 10 Best Summer Stocks in India

Best VFX Stocks in India Based on Market Capitalisation – An Overview

A brief overview of the best VFX Stocks in India is given below:

1. Prime Focus Limited

Prime Focus Limited was founded in 1997 as an integrated media service provider providing visual effects, post-production and cloud-based media solutions, etc. The company launched its IPO in 2006 and became a publicly traded company. In 2014, the company merged with a UK-based VFX company named Double Negative (DNEG) and Reliance Media Works to enhance its global VFX capabilities and expand its reach. The company has its headquarters in Maharashtra.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
24.24%	76.13%	361.39%

2. Basilic Fly Studio Limited

Basilic Fly Studio Limited was founded in 2012 and is a Chennai-based VFX company providing specialised, high-end VFX to cater to different clients’ needs, including Hollywood studios and streaming platforms. The company’s clients include Netflix, Disney, Sony, Amazon, etc. The company launched its IPO in 2023, and its headquarters are situated in Chennai.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
35.30%	–	–

3. Phantom Digital Effects Limited

The company was founded in 2011 by Bejoy Arputharaj. The various services offered by the company include visual effects, animation, concept art, VFX supervision, etc. The company has recently secured a contract of ₹72 crores to provide VFX services to one of its clients.  The company launched its IPO in 2022 and became a publicly limited company. The company’s headquarters are situated in Chennai.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-32.11%	–	–

4. Digikore Studios Limited

The company was founded in 2000, and initially, it was known as Digikore Studios Pvt Ltd. This is a global company providing services such as rotoscopy, green screen composting, set extension, etc. The company has provided VFX services in movies like Deadpool, Jumanji, Titanic 3D, etc. The company’s headquarters are situated in Maharashtra.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-63.52%	–	–

5. Picture Post Studios Limited

Picture Post Studio is a Mumbai-based creative studio specializing in high-end post-production services. They offer a range of services, including VFX, animation, color grading, editing, sound design, mastering, and quality check, delivering top-notch creative solutions for films, OTT content, commercials, and more. The company has its headquarters situated in Maharashtra. 

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-18.50%	–	–

6. Identical Brains Studios Limited

This company was founded in 2019, and initially, it was a private limited company, founded by Mr. Raghvendra Rai, an entrepreneur of Lucknow. It offers comprehensive VFX solutions such as colour grading, rotoscoping, distribution services, etc. It has provided VFX solutions to various films, web series, TV series, etc. The company has launched its IPO in 2024. Its headquarters are situated in Maharashtra. 

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-35.48%	757.17%	1,490.53%

Key Performance Indicators (KPIS)

Company	Net Profit Margin (%)	ROE (%)	ROCE (%)	Debt to Equity
Prime Focus Limited	-12.73	-49.68	14.43	5.39
Basilic Fly Studio Limited	35.58	29.65	40.21	0.02
Phantom Digital Effects Limited	19.77	12.24	17.99	0.25
Digikore Studios Limited	20.18	22.70	27.72	0.21
Picture Post Studios Limited	13.52	17.76	23.96	0.11
Identical Brains Studios Limited	15.50	11.59	15.89	0.00

Read Also: List of Best Media and Entertainment Stocks in India

Benefits of Investing in VFX Stocks

The significant benefits of investing in VFX stocks are as follows:

• Growth Potential: The rise in OTT platforms in the past few years has provided VFX companies an opportunity to expand their business operations as the demand for online content increased.
• Global Player: In recent times, India has become a hub for the global VFX industry. The companies discussed above have played a key role in prominent Hollywood projects.
• High Profit Margins: Various VFX studios in India lease the equipment rather than purchasing it, resulting in lower spending on acquiring assets, resulting in higher profit margins.
• Innovative Technology: The Indian VFX industry has some innovative companies, which continuously adopt new technologies, which helps them in providing better quality content. 
• Skilled Workforce: India has a skilled workforce, helping companies execute difficult and innovative projects.

Risks of Investing in VFX Stocks

Key risks associated with investing in VFX stocks are:

• Financial Performance Volatility: The financial performance of VFX companies can fluctuate, impacting their profitability and stock value. Poor financial performance can result from project delays, new competitors, or unexpected costs.
  
• Dependence on Technology and Innovation: The VFX industry relies heavily on adopting new technologies. Companies that fail to keep up with technological advancements may lose their competitive edge, affecting their market position and growth potential.
  
• Project Delay Risks: Delays in completing major projects or unforeseen challenges in delivering high-quality content can impact a VFX company’s revenue and reputation, which could, in turn, affect stock performance.

Factors to be Considered before Investing in VFX stocks

The key factors which one should consider before investing in VFX stocks are as follows:

• Financial Performance: The company’s past financial performance plays an important role in its future growth. Hence, it is advised to consider the financial performance as a key parameter before making any investment in VFX stocks.
• Market Positioning: The company’s market share indicates its strength among the competitors; therefore, one should invest in the company with higher market share.
• Global Exposure: The companies having higher global exposure must be considered for investment because they do not rely on the domestic market for all their revenues.

Future of VFX Stocks

The VFX stocks seem to have a bright future because the use of visual effects has increased significantly over the past few years. In 2023, the market size of the Indian VFX industry was around $1.38 billion and with a projected growth rate of 17.7% CAGR, it is assumed to reach around $2.2 billion by 2026. The Indian VFX industry plays an important role in gaming, movie, and OTT industry as the demand for immersive experiences is increasing. 

Conclusion

On a concluding note, with the increasing demand of high quality content, OTT platforms, and gaming the VFX industry is expected to grow at a significant rate. The growth of such companies depends upon the technology they use, clients, and their projects. However, there are certain risks associated while investing in VFX companies such as their volatile financial performance, high competition, project delays, etc. Therefore, it is advised to consult your investment advisor before making any investment decision.

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