Sector Alpha Week of 2026-09-11
Not SEBI Registered !! Not Investment advice !!
Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Imagicaaworld Entertainment Ltd

IMAGICAA
Amusement Parks

Imagicaaworld Entertainment Ltd's price has outrun its earnings. −6.2% in a year against EPS −99.3% — the market is paying now for delivery later.

The sharpest disagreement: profits are rising, but only 58% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (93 weeks in) while the P/E sits at the 99th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +31.8% year on year, and 58% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Stage
Deteriorating
fundamental trajectory, 12 quarters
Price
₹52.3
−6.2% 1Y
P/E
232.0×
99th pctile
of its own 3-year range
Revenue (Jun 26)
₹178 Cr
+20.3% YoY
Profit (Jun 26)
₹58.0 Cr
+31.8% YoY
Operating margin
51.0%
+2.0 pp YoY
ROCE
2%
FY26
ROIC
1.3%
vs WACC 12.0% → −10.7 pp
Cash conversion
58%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Imagicaaworld Entertainment Ltd trades at ₹52.3, in a downtrend and 93 weeks into that stage. That is +5.8% against its own 200-day average. It sits at 72% of a 52-week range of ₹38 to ₹58. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks.

Today the stock is in a downtrend — week 93 of stage 4. At ₹52.3 it trades +5.8% versus its 200-day average and sits at 72% of its 52-week range (₹38–₹58).

Sep 26: ₹52.3 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+5.8% versus the 200-day line, week 93 of stage 4
Price50-day avg200-day avg
S2S4₹101₹84.1₹67.0₹50.0₹32.9₹52₹50Sep 23Jun 24Mar 25Dec 25Sep 26
S2S4₹101₹84.1₹67.0₹50.0₹32.9₹52₹50Sep 23Mar 25Sep 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (552 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Sep 26

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved −40% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 10 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Imagicaaworld Entertainment Ltd trades at 232.0× P/E, about the priciest it has ever traded. Its long-run median P/E is 37.1×, measured across 3.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 232.0× is about the priciest it has ever traded, against a long-run median of 37.1× measured over 3.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 232.0× vs a 37.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.3-year window; loss-period spikes above 111× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
about the priciest it has ever traded
P/EMedianEPS (TTM) (quarterly)
119.8×₹9.589.9×₹7.159.9×₹4.830.0×₹2.40.0×₹0.0×111.30×₹0May 23Mar 24Jan 25Nov 25Sep 26
119.8×₹9.589.9×₹7.159.9×₹4.830.0×₹2.40.0×₹0.0×111.30×₹0May 23Jan 25Sep 26
P/E
232.0×
99th percentile of 3y
PEG
n/m
not derivable — 3-year earnings growth unavailable

🚨 Why the multiple sits where it does: over the past year annual EPS moved −99.3% against a −6.2% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 3y, of the −3.3%/yr price move, ~−69.8%/yr came from earnings growth and ~+66.5 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Deteriorating

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Imagicaaworld Entertainment Ltd reads as deteriorating on its fundamental arc. Deteriorating — profit and EPS growth are shrinking (profit growth −75.4% latest against +216.7% at its 12-quarter best), ROCE slipping at 4.5%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue −8.8% in FY26, profit −98.7% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
276%64%178%20%80%−24%−18%−68%−116%−111%%%−8.8%−98.7%FY16FY21FY26
276%64%178%20%80%−24%−18%−68%−116%−111%%%−8.8%−98.7%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit rolling over
RevenueProfitEPS
62%332%43%216%24%100%5.0%−16%−14%−132%%%8%−75.4%−75%Sep 23Dec 24Jun 26
62%332%43%216%24%100%5.0%−16%−14%−132%%%8%−75.4%−75%Sep 23Dec 24Jun 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
8.0%7.0%6.1%5.2%4.2%%4.5%Sep 23Mar 24Dec 24Sep 25Jun 26
8.0%7.0%6.1%5.2%4.2%%4.5%Sep 23Dec 24Jun 26
Revenue growth
Steady high
latest +8.0% · span −8.8% to +57.1%
Profit growth
Recovering
latest −75.4% · span −100.0% to +216.7%
EPS growth
Stuck low
latest −75.0% · span −99.3% to +376.2%
ROCE
Falling
latest 4.5% · span 4.5%–7.7%

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue−8.8%+14.2%+76.2%+4.8%
Profit−98.7%−85.9%
EPS−99.3%−89.5%
Share price−6.2%−3.3%+46.3%−4.2%
Revenue YoY (Jun 26)
+20.3%
latest quarter vs a year ago
Profit YoY (Jun 26)
+31.8%
latest quarter vs a year ago
Revenue 10y
4.8%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

30.4/100 — rank 3 of 3 in Amusement Parks · 74% evidence confidence

Imagicaaworld Entertainment Ltd scores 30.4 out of 100 against the 3 companies it is compared with in Amusement Parks, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 8.4 + 4 + 10 + 8 = 30.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Imagicaaworld Entertainment Ltd reported ₹178 Cr of revenue in the Jun 26 quarter, +20.3% year on year. Over 10 years it has compounded at 4.8% a year. The last full year, FY26, came in at ₹374 Cr. The last four reported quarters add to ₹404 Cr.

FY26 revenue came in at ₹374 Cr (−8.8% on the year), capping 10 years at 4.8% compound. The latest quarter (Jun 26) printed ₹178 Cr, +20.3% year on year.

FY26 revenue ₹374 Cr (−8.8% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
4.8% a year over 10 years
RevenueYoY growth
443276%332178%22180%111−18%0−116%₹ Cr%₹374−8.8%FY16FY21FY26
443276%332178%22180%111−18%0−116%₹ Cr%₹374−8.8%FY16FY21FY26
Jun 26: ₹178 Cr (+20.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
19992%14962%9932%502.2%0−28%₹ Cr%₹17820.3%Sep 23Dec 24Jun 26
19992%14962%9932%502.2%0−28%₹ Cr%₹17820.3%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +5.8% growth against the decade's 4.8% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +8.0% over the last 4 quarters against +8.2%/yr over the last 8 — stabilising; TTM profit −75.4% vs −11.8%/yr — rolling over.

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Imagicaaworld Entertainment Ltd's operating margin is 51.0% in the Jun 26 quarter, +2.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −159.0% to 45.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 51.0%, +2.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −159.0%–45.0%.

Why the margin moved: operating margin went +1.7 pp year on year while gross margin went +0.0 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

FY26: 31.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
within a −159.0–45.0% band over 13 years
operating marginYoY change (pp)
61%233%0.0%128%−57%23%−116%−81%−175%−186%%%31%−12%FY14FY20FY26
61%233%0.0%128%−57%23%−116%−81%−175%−186%%%31%−12%FY14FY20FY26
Jun 26: 51.0% operating margin (+2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
67%16%43%5.9%19%−4.0%−4.8%−14%−29%−24%%%51%2%Sep 23Dec 24Jun 26
67%16%43%5.9%19%−4.0%−4.8%−14%−29%−24%%%51%2%Sep 23Dec 24Jun 26
07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Imagicaaworld Entertainment Ltd earned ₹58.0 Cr of net profit in the Jun 26 quarter, +31.8% year on year. Full-year FY26 profit was ₹1.0 Cr. That is 32.6% of the quarter's revenue. The same quarter a year earlier earned ₹44.0 Cr. 4 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹58.0 Cr, +31.8% year on year. On the full year, FY26 printed ₹1.0 Cr (−98.7%).

FY26 profit ₹1.0 Cr (−98.7% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
61664%34420%72−24%−200−67%−472−111%₹ Cr%₹1−98.7%FY16FY21FY26
61664%34420%72−24%−200−67%−472−111%₹ Cr%₹1−98.7%FY16FY21FY26
Jun 26: ₹58.0 Cr (+31.8% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
76259%40118%5−23%−31−164%−67−306%₹ Cr%₹5831.8%Sep 23Dec 24Jun 26
76259%40118%5−23%−31−164%−67−306%₹ Cr%₹5831.8%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +20.3% and the margin +2.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.

Pace comparison, last four quarters: profit −111.6% vs revenue +5.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 58% of Imagicaaworld Entertainment Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹110 Cr of operating cash against ₹1.0 Cr of profit. After ₹52.0 Cr of capital spending, ₹58.0 Cr was left as free cash.

FY26: operating cash of ₹110 Cr against reported profit of ₹1.0 Cr, leaving free cash of ₹58.0 Cr after ₹52.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 58% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹110 Cr vs profit ₹1.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution. FY25 reflects an acquisition year — point shown clipped.
58% of 3-year profit arrived as cash
Operating cashNet profitFree cash
61634472−200−472₹ Cr₹110₹1₹58FY16FY21FY26
61634472−200−472₹ Cr₹110₹1₹58FY16FY21FY26
FY26: CFO = 11,000% of profit (three-year rate 58%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
322%241%160%78%−3.5%%300%FY16FY21FY26
322%241%160%78%−3.5%%300%FY16FY21FY26

🚨 Why conversion sits at 58%: the cash cycle tightened 6,581 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 3.4× depreciation over three years, so the next section's job is to check what that build-out is buying.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Imagicaaworld Entertainment Ltd's cash conversion cycle runs −53 days in FY26, down from 6,528 days in FY21. Capital spending ran ₹901 Cr over the last 3 years. At FY26 sales of ₹374 Cr each day of that cycle holds about ₹1.0 Cr, so roughly ₹−54.0 Cr sits inside the business at any moment.

FY26: debtors at 6 days, inventory at 183 days — roughly 6.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −53 days, tighter than FY21's 6,528.

The full loop: cash goes out to suppliers and production on day 0; stock waits 183 days to sell; customers pay about 6 days after that; and suppliers themselves are paid at 242 days — netting out to the −53-day cycle.

In money terms: at FY26 sales of ₹374 Cr, each day of the cycle holds about ₹1.0 Cr — so the −53-day loop keeps roughly ₹−54.0 Cr sitting inside the business at any moment.

FY26: a −53-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
−6,581 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
11,5818,3795,1781,976−1,226days−53d183d6d242dFY14FY17FY20FY23FY26
11,5818,3795,1781,976−1,226days−53d183d6d242dFY14FY20FY26

On the investment side: capital spending of ₹901 Cr over the last 3 fiscal years against ₹266 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹6.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹52.0 Cr, work-in-progress ₹6.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
820599378156−65₹ Cr₹52₹6FY16FY18FY21FY23FY26
820599378156−65₹ Cr₹52₹6FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Imagicaaworld Entertainment Ltd earns a ROCE of 2% in FY26. That is up from a trough of −27% in FY20. Return on invested capital clears the cost of that capital by −10.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 0.3% net margin on 0.21× asset turns.

FY26 ROCE is 2%, recovered from a FY20 trough of −27% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 0.3% net margin × 0.21× asset turns × 1.40× balance-sheet leverage ≈ 0.1% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 1.3% − 12.0% = a −10.7 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 2% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY20's −27%
ROCEROIC (annual)WACC
40%22%4.0%−14%−32%%2%0.1%FY14FY20FY26
40%22%4.0%−14%−32%%2%0.1%FY14FY20FY26
Q4 FY26: ROCE 1.2% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
13%8.9%4.7%0.5%−3.8%%1.2%0%Q1 FY24Q2 FY25Q4 FY26
13%8.9%4.7%0.5%−3.8%%1.2%0%Q1 FY24Q2 FY25Q4 FY26
11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Imagicaaworld Entertainment Ltd carries total debt of ₹343 Cr against shareholder equity of ₹1,254 Cr as of Mar 26, a debt-to-equity of 0.27 — effectively unlevered. On the annual view that ratio went from −1.25 in FY22 to 0.27 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹343 Cr against shareholder equity of ₹1,254 Cr — a debt-to-equity of 0.27. On the annual view, debt-to-equity went from −1.25 (FY22) to 0.27 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹343 Cr at 0.27× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
1.2k3.8×8732.4×5821.1×291−0.3×0−1.6×₹ Cr×₹3430.27×FY22FY24FY26
1.2k3.8×8732.4×5821.1×291−0.3×0−1.6×₹ Cr×₹3430.27×FY22FY24FY26
Mar 26: debt ₹343 Cr, debt-to-equity 0.27 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
8703.7×6532.7×4351.8×2180.8×0−0.2×₹ Cr×₹3430.27×Jun 23Sep 24Mar 26
8703.7×6532.7×4351.8×2180.8×0−0.2×₹ Cr×₹3430.27×Jun 23Sep 24Mar 26
12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Imagicaaworld Entertainment Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved −0.2 points over the same window, to 0.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −0.6 points over 8 quarters to 1.9%; Foreign institutions: −0.2 points over 8 quarters to 0.4%; Promoters: −0.1 points over 8 quarters to 74.0%.

Fiscal-year ends: promoters +3.2 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−5.3%%74.0%0.6%2.0%23.4%Mar 24Mar 25Mar 26
80%59%37%16%−5.3%%74.0%0.6%2.0%23.4%Mar 24Mar 25Mar 26
A quiet register: no holder moved a full point in two years Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
80%59%37%16%−5.9%%74.0%0.4%1.9%23.7%Jun 23Dec 24Jun 26
80%59%37%16%−5.9%%74.0%0.4%1.9%23.7%Jun 23Dec 24Jun 26
13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Imagicaaworld Entertainment Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Amusement Parks
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Z-Tech (India) LtdZTECH 51.8/100Mixed-positive evidence77% evidence ASLEEP 23.9/35 Revenue 66.7% · PAT 81.6% · OPM change -1.6 pp 95% evidence 17.9/25 ROCE 19.8% · OPM 22.8% 95% evidence 10.0/20 P/E 17.5× · PEG — 0% evidence 0.0/20 RS sector -17% · RS bench -21.9% · 1Y -20.7%3 of 12 weeks ahead 100% evidence
Exact sum: 23.9 + 17.9 + 10 + 0 = 51.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17% and the one-year return is -20.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2Wonderla Holidays LtdWONDERLA 47.3/100Mixed-negative evidence97% evidence TURNING 15.6/35 Revenue 30.8% · PAT 2% · OPM change 0 pp 100% evidence 8.2/25 ROCE 6.2% · OPM 46% 100% evidence 5.4/20 P/E 31.3× · PEG 5.41 85% evidence 18.1/20 RS sector 7.6% · RS bench 1.3% · 1Y -19.5%3 of 12 weeks ahead 100% evidence
Exact sum: 15.6 + 8.2 + 5.4 + 18.1 = 47.3 · Decision use: Price leads the evidence: RS versus the benchmark is 1.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Imagicaaworld Entertainment Ltdthis pageIMAGICAA 30.4/100Adverse evidence74% evidence BREAKING OUT 8.4/35 Revenue 8% · PAT -75.4% · OPM change 2 pp 100% evidence 4.0/25 ROCE 1.8% · OPM 51% 100% evidence 10.0/20 P/E 232× · PEG — 0% evidence 8.0/20 RS sector -17.4% · RS bench 10.3% · 1Y -8.2%7 of 10 weeks ahead 70% evidence
Exact sum: 8.4 + 4 + 10 + 8 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Imagicaaworld Entertainment Ltd's share price today?

Imagicaaworld Entertainment Ltd trades at ₹52.3, −6.2% over the past year. The company is valued at ₹2,961 Cr. The stock sits at 72% of its 52-week range of ₹38–₹58, +5.8% versus its 200-day average. On the tape, the price is in a downtrend, 93 weeks in. — as of 11 September 2026.

What were Imagicaaworld Entertainment Ltd's latest quarterly results?

Imagicaaworld Entertainment Ltd reported revenue of ₹178 Cr and net profit of ₹58.0 Cr for the Jun 26 quarter. Revenue rose 20.3% and profit rose 31.8% year on year. Earnings per share were ₹1.02. The operating margin was 51.0%, 2.0 pp higher than a year earlier. — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's revenue?

Imagicaaworld Entertainment Ltd reported revenue of ₹178 Cr in the Jun 26 quarter, +20.3% year on year. For the full FY26 fiscal year, revenue was ₹374 Cr (−8.8%). Over the last 10 years revenue compounded at 4.8% a year. — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's profit?

Imagicaaworld Entertainment Ltd earned ₹58.0 Cr of net profit in the Jun 26 quarter, +31.8% year on year. Full-year FY26 profit was ₹1.0 Cr. The operating margin ran 51.0% in the latest quarter. — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's market cap?

Imagicaaworld Entertainment Ltd's market capitalisation is ₹2,961 Cr at a share price of ₹52.3. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's P/E ratio?

Imagicaaworld Entertainment Ltd trades at a P/E of 232.0×, at the 99th percentile of its own 3-year range, against a long-run median of 37.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Imagicaaworld Entertainment Ltd pay a dividend?

No — Imagicaaworld Entertainment Ltd has recorded a dividend payout of 0% of profit in each of its last 13 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd overvalued?

On its own history, Imagicaaworld Entertainment Ltd looks expensive: its P/E of 232.0× sits at the 99th percentile of its 3-year range (long-run median 37.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd growing?

Yes — Imagicaaworld Entertainment Ltd is growing: latest-quarter revenue +20.3% year on year, profit +31.8%, and the margin +2.0 pp at 51.0%. The earnings engine currently reads: improving — as of 11 September 2026.

How is Imagicaaworld Entertainment Ltd performing?

Imagicaaworld Entertainment Ltd is in a downtrend, 93 weeks in. Its latest quarter's revenue rose 20.3% and profit rose 31.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 10 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

What stage is Imagicaaworld Entertainment Ltd in?

Deteriorating — profit and EPS growth are shrinking (profit growth −75.4% latest against +216.7% at its 12-quarter best), ROCE slipping at 4.5%. The read comes from the last 12 quarters of growth (revenue growth +8.0% latest, profit growth −75.4% latest, eps growth −75.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd in an uptrend?

No — the price is in a downtrend (week 93 of stage 4), trading +5.8% versus its 200-day average and at 72% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd beating the market?

On recent form, yes — Imagicaaworld Entertainment Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 10 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved −40% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.

Will Imagicaaworld Entertainment Ltd's share price go up?

This page publishes no price forecast for Imagicaaworld Entertainment Ltd. What it measures instead: the share price is ₹52.3, the price is in a downtrend 93 weeks in. Its P/E of 232.0× sits at the 99th percentile of its own 3-year range. — as of 11 September 2026.

Who owns Imagicaaworld Entertainment Ltd?

Promoters hold 74.0% of Imagicaaworld Entertainment Ltd, foreign institutions 0.4%, domestic institutions 1.9% and the public 23.7% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.

Does Imagicaaworld Entertainment Ltd have too much debt?

No — Imagicaaworld Entertainment Ltd's debt-to-equity is 0.27, and operating profit covers the interest bill 6×. FY26 borrowings were ₹343 Cr against equity of ₹1,254 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's capex?

Imagicaaworld Entertainment Ltd spent ₹901 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹52.0 Cr, with ₹6.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Imagicaaworld Entertainment Ltd's cash flow?

Imagicaaworld Entertainment Ltd generated ₹110 Cr of operating cash flow in FY26 and ₹58.0 Cr of free cash flow after ₹52.0 Cr of capital spending. Reported profit that year was ₹1.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 58% of Imagicaaworld Entertainment Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹110 Cr against reported profit of ₹1.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Imagicaaworld Entertainment Ltd in its business cycle?

Imagicaaworld Entertainment Ltd's FY26 operating margin was 31.0%, against a 13-year band of −159.0%–45.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 51.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Imagicaaworld Entertainment Ltd story?

The sharpest disagreement: profits are rising, but only 58% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.

Is Imagicaaworld Entertainment Ltd a stock worth studying right now?

This is not investment advice. The machine read: Imagicaaworld Entertainment Ltd's price has outrun its earnings. −6.2% in a year against EPS −99.3% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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