IMAGICAAConsumer Discretionary

Imagicaaworld Entertainment Limited

Amusement Parks/ Other Recreation · ISIN INE172N01012 · BSE 539056 · NSE EQ · FV ₹10
Last price
₹51
-3.42%today
What this company does

Imagicaaworld Entertainment Limited operates in Amusement Parks/ Other Recreation, part of the Consumer Discretionary sector. It booked ₹178 cr of revenue in its latest quarter (Q1 FY27) and kept 32.4% of sales as profit. It is the 2nd largest of 3 Amusement Parks/ Other Recreation companies we track, by market value.

In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns82

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation59

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthy
Strengths
Makes a profit
Strong 32% net margin
Sales up 20% vs last year
Profit up 30% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 18% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in IMAGICAA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹51 -3.42%
latest close · 2026-09-17
1-year return
+543.8%
52-wk low ₹752-wk high ₹62
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.5Low
LowAverageHigh
P/B ratio2.31Moderate
Below bookModerateHigh
EV / EBITDA8.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.4%Strong
WeakFairStrong ▸15%
Return on capital17.7%Strong
WeakFairStrong
Net margin32.4%Strong
ThinDecentStrong
EBITDA margin52.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover9.4×Strong
RiskyOkayStrong ▸5×
Current ratio0.51Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2,896 cr
Book value
₹22
EPS
₹1.02
latest quarter
Net debt
₹326 cr
owes more than its cash
Enterprise value
₹3,222 cr
EBITDA
₹373 cr
annualised
EBIT
₹274 cr
annualised
Operating margin
38.5%
Return on assets
13.1%
Earnings yield
7.97%
P/S
4.08
Sales / share
₹12.6
Tax rate
5.8%
Face value
₹10
Shares
56.6 cr
Working capital
₹-102 cr
Current assets
₹107 cr
Current liabilities
₹209 cr
Delivery %
45.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹46₹46, midpoint ₹46

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹178 cr
Other Income₹3 cr
Total Income₹180 cr
Cost of Materials₹13 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹42.1 L
Employee Benefit Expense₹13 cr
Finance Costs₹7 cr
Depreciation & Amortisation₹25 cr
Other Expenses₹58 cr
Total Expenses₹120 cr
Exceptional Items₹44.9 L
Profit before Tax₹61 cr
Tax Expense₹4 cr
Net Profit₹58 cr
Net margin on total income31.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹16 cr8.9%
Employee benefit expense₹13 cr7.2%
Finance costs₹7 cr4.0%
Depreciation & amortisation₹25 cr13.7%
Other expenses₹58 cr32.3%
Tax expense₹4 cr2.0%
Profit for the period₹58 cr31.9%
Total income ₹180 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue92 cr92 cr178 cr
Total income93 cr94 cr180 cr
Expenses98 cr91 cr120 cr
Profit before tax-4 cr3 cr61 cr
Tax85.6 L2 cr4 cr
Net profit (owners' share)-5 cr39.7 L58 cr
Net margin (owners' share, on revenue)-5.6%0.4%32.4%
EPS (₹)-0.090.011.02
YoY (latest quarter): total income +19.1% · net profit +29.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,754 cr
Shareholder equity
₹1,254 cr
parent shareholders
Total debt
₹343 cr
Cash
₹16 cr
Cash flow · H1 FY26
Operating
₹56 cr
Investing
₹-71 cr
Financing
₹18 cr
Peer comparison
Amusement Parks/ Other Recreation · by market value
CompanyPriceMarket capP/E
Wonderla Holidays Limited₹517₹3,278 cr11.3
Imagicaaworld Entertainment Limitedthis company₹51₹2,896 cr12.5
Delta Corp Limited₹56₹1,504 cr
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
74.0%
FII / Foreign
0.4%
DII / Domestic
1.9%
Retail / others
23.7%
Promoter stake up 3.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMalpani Parks Private Limited · Promoters1.70 cr · ₹31.2 cr27 Mar 25
BoughtMalpani Parks Private Limited · Promoters1.70 cr · ₹125.0 cr27 Mar 25
BoughtMalpani Parks Private Limited · Promoters6.04 cr · ₹222.3 cr11 Apr 24
Bulk / block deals
BoughtJAINAM BROKING LIMITED · NSE28.48 L @ ₹67.6511 Jan 24
SoldJAINAM BROKING LIMITED · NSE15.88 L @ ₹68.4311 Jan 24
SoldGRAVITON RESEARCH CAPITAL LLP · NSE26.28 L @ ₹65.9911 Jan 24
Stake changes
BoughtMalpani Parks Private Limited · promoter→ 74.02% · 1.70 cr27 Mar 25
BoughtMalpani Parks Private Limited · promoter→ 74.10% · 6.04 cr11 Apr 24
BoughtMalpani Parks Private Limited · promoter→ 70.90% · 7.00 cr26 May 23
Promoter pledges
InvokedUnity Small Finance Bank Limited18.00 L · 4.08% held12 Jan 23
PledgedUnity Small Finance Bank Ltd18.00 L · 19.08% held20 Jan 22
InvokedECL finance Ltd64,719 · 19.15% held8 Mar 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To adopt financial statements of the Company for the financial year ended March 31, 2025 a) the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors’ thereon; and b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 cr votes for, 3,512 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Manish Malpani (DIN: 00039560), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013, and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 cr votes for, 3,720 against · 0% of mutual funds and other big investors said no
3
To appoint M/s. Parikh & Associates, Company Secretaries, as Secretarial Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
1.43 cr votes for, 3,732 against · 0% of mutual funds and other big investors said no
4
To approve acquisition of Malpani Parks Ahmedabad Private Limited from Malpani Parks Private Limited, a Material Related Party Transaction
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
1.36 cr votes for, 5.04 L against · 50% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 74.0% between them · as of 2026-06-30
Malpani Parks Private Limited74.02%
Business done with them
FY2025 · 1 of the group
The company paid ₹412 cr to companies in the promoter group last year — about 100.5% of its ₹410 cr revenue and received ₹135 cr back from them.
Malpani Parks Private Limited
Other payments to them · Inter-corporate deposit, Interest paid
also owns 74.02% of the company
₹347 cr
company paid
Malpani Parks Private Limited
Other income from them · Inter-corporate deposit, Interest paid
also owns 74.02% of the company
₹125 cr
company received
Malpani Parks Private Limited
Bought property or assets from them · Inter-corporate deposit, Interest paid
also owns 74.02% of the company
₹55 cr
company paid
Malpani Parks Private Limited
Contribution made to them · Inter-corporate deposit, Interest paid
also owns 74.02% of the company
₹10 cr
company paid
Malpani Parks Private Limited
Contribution received from them · Inter-corporate deposit, Interest paid
also owns 74.02% of the company
₹10 cr
company received

The company also transacted with 26 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹216 cr raised in Mar 2025 by selling shares to selected investors

As of Jun 2026, the company says it has spent 62% of what it set aside. India Ratings and Research Private Limited watches the spending on the exchange’s behalf.

Repayment of loans availed by Malpani Parks Indore Private Ltd (MPIPL). In terms of the commercial understanding, the Company will be infusing funds by way of ICD to MPIPL for repayment of theses loans
99%
of what was set aside
Part payment of operational parks acquired from Giriraj Enterprises under Business Transfer Agreement
22%
of what was set aside
Repayment of Inter Corporate Loan availed from related party towards the purchase of equity shares of Malpani Parks Indore Private Limited
100%
of what was set aside
General Corporate Purpose
0%
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.