Phantom Digital Effects Ltd is a creative studio specializing in Film and Commercial VFX. Founded in 2011 and located in Chennai, India, Phantom Digital Effects Limited was originally incorporated on February 2, 2016, as a Private Limited Company under the name Phantom Digital Effects Private Limited. Subsequently, the Company converted to a Public Limited Company on July 21, 2022, and its name was changed to Phantom Digital Effects Limited on July 29, 2022.
PDEL is a Trusted Partner Network (TPN) certified creative visual effects (VFX) studio offering end-to-end services for film, web series, and commercials to global production houses. Its services include final compositing, 3D element creation, and animation. The company specializes in Film, Web Series, and Commercials VFX, having produced thousands of domestic and international shots for major studios like Walt Disney, Universal City, Warner Bros., and Netflix.
The company operates as a comprehensive visual effects partner, providing services that span from pre-visualization to final compositing. As a TPN Certified studio, it offers a wide range of VFX services. The company's specializations include:
- Completing a Shot with final compositing
- Creating 3D elements, photoreal creatures, and environments
- Rig/wire removal
- Paint cleanup
- Rotoscopy
- 3D matchmove
- 3D animation (storyboard, animation)
- Pre-visualization
- Game cinematics
- Fire / water FX
The market capitalization of Phantom Digital Effects Ltd (PHANTOMFX) stood at ₹314.63 Cr as of May 12, 2025. The stock has experienced significant volatility, with a 52-week high of ₹489.90 and a 52-week low of ₹165.
The company's valuation metrics show interesting trends. The P/E (Price-to-Earnings) ratio of Phantom Digital Effects Ltd (PHANTOMFX) is reported as 13.06 by some sources, while others indicate a P/E ratio of 21.28 times as of July 11, 2025. This variation reflects the dynamic nature of the stock's performance and market conditions.
Phantom Digital Effects Ltd has provided a return of -28.94% in the last 1 year. As per Value Research classification, it is a Small Cap company.
The company has demonstrated strong growth metrics over recent years. Over the last 5 years, revenue has grown at a yearly rate of 55.8%, significantly outpacing the industry average of 9.47%. This exceptional revenue growth rate highlights the company's ability to capture market opportunities in the expanding VFX sector.
Over the last 5 years, its market share increased from 0.34% to 2.02%. This expansion in market share demonstrates the company's growing influence and competitive positioning within the visual effects industry.
Recent financial performance shows some quarterly variations. Phantom Digital Effects Ltd's net profit fell by -50.11% compared to the same period last year, amounting to ₹2.17 Cr in Q2 FY2024-2025. However, the company continues to maintain profitability with a Trailing Twelve Months (TTM) profit after tax of ₹24 Cr.
The company has been actively expanding its operations both domestically and internationally.
- In 2023, the Company expanded its operations in Hyderabad.
- In 2024, the Company acquired Tippett Studio, a legendary visual effects production company. This acquisition represents a significant milestone in the company's international expansion strategy.
Phantom Digital Effects Limited has established a wholly-owned subsidiary in China, Hangzhou Huantong Digital Technology Co., Ltd., with an initial investment of RMB 1 million. This strategic move aims to enhance market reach and service capabilities, following previous partnerships with Chinese production companies.
The company's TPN certification is particularly valuable in the industry. The TPN helps companies prevent leaks, breaches, and hacks of their customers' movies and television shows prior to their intended release and seeks to raise security awareness, preparedness, and capabilities within the industry. TPN assessments are well acknowledged by big studios like Walt Disney Studios, Universal City Studios, Warner Bros., and Netflix Studios.
Phantom Digital Effects has been actively raising capital to fuel its expansion plans:
- PhantomFX raised ₹59.99 Cr via QIP for global expansion and the Tippett Studio acquisition.
- Phantom Digital Effects Ltd plans to raise an additional ₹140 crore through a Qualified Institutional Placement (QIP) and preferential issue.
The fundraising aims to enhance its VFX capabilities and meet rising global demand, with investments from notable fund houses validating its growth potential.
The company's shareholding pattern reflects strong promoter commitment, though with some considerations:
- Promoter Holding: Decreased to 54.74% as of March 2025, from 54.79% as of December 2023.
- Promoter Pledging: Promoters have pledged or encumbered 33.6% of their holding.
The company maintains a professional management structure with BEJOY ARPUTHARAJ SAM MANOHAR serving as Chairman and Pallavi Tongi as Company Secretary for Phantom Digital Effects Ltd.
