How has been the historical performance of IDream Film?

Revenue and Operating Income Trends

Over the past several years, IDream Film has recorded minimal net sales, with figures effectively at zero except for a marginal ₹0.04 crore in the fiscal year ending March 2024. Other operating income has remained nil throughout this period, resulting in total operating income that is virtually non-existent. This lack of revenue generation highlights the company's limited commercial activity or market presence in recent times.

Correspondingly, the company has incurred operating expenses, primarily under 'Other Expenses,' which have gradually increased from zero in earlier years to ₹0.13 crore by March 2025. Manufacturing expenses were noted only in 2018 and 2019, at ₹0.09 crore and ₹0.11 crore respectively, but have since ceased. The absence of raw material costs, employee costs, and power costs suggests minimal operational scale or a shift in business model.

Profitability and Margins

IDream Film has consistently reported negative operating profits (PBDIT) excluding other income, with losses ranging from ₹0.09 crore in 2018 to ₹0.13 crore in 2025. Other income has been negligible, offering no relief to the operating results. Interest expenses have been a significant burden, fluctuating between ₹0.08 crore and ₹0.28 crore over the years, contributing to gross losses (PBDT) that have remained negative throughout, with the worst loss recorded at ₹2.55 crore in 2018.

Profit before tax and net profit figures mirror this trend, with losses persisting every year. The net loss after tax was ₹0.22 crore in 2025, slightly improved from the ₹2.57 crore loss in 2018 but still indicative of ongoing financial strain. Earnings per share have been deeply negative, reflecting the company's inability to generate profits for shareholders, with EPS improving from -₹171.2 in 2018 to -₹14.67 in 2025.

Balance Sheet and Financial Position

The company's balance sheet reveals a negative net worth, with shareholder funds declining from -₹3.12 crore in 2020 to -₹4.54 crore in 2025. This deterioration is driven by accumulated losses reflected in negative reserves, which have worsened from -₹4.64 crore in 2020 to -₹5.88 crore in 2025. Total debt has increased steadily, reaching ₹4.00 crore in 2025, with a mix of long-term and short-term borrowings. Notably, the company holds no significant tangible or intangible assets, with net block and capital work in progress reported as zero consistently.

Current liabilities have risen sharply, from ₹0.19 crore in 2020 to ₹3.50 crore in 2025, largely due to increased short-term borrowings. Current assets remain negligible, with cash and bank balances close to zero, resulting in negative net current assets. This financial structure underscores liquidity challenges and a precarious financial position.

Cash Flow and Operational Activity

Cash flow statements for IDream Film indicate no significant inflows or outflows from operating, investing, or financing activities over the years analysed. The company has maintained a flat cash position, with opening and closing cash and cash equivalents reported as zero or near zero consistently. This lack of cash movement suggests minimal operational activity and limited investment or financing transactions, reinforcing the impression of a dormant or struggling business.

Summary of Historical Performance

In summary, IDream Film's historical financial performance is characterised by negligible revenue generation, persistent operating losses, and a deteriorating balance sheet marked by negative net worth and rising debt. The absence of tangible assets and stagnant cash flows further highlight the company's challenging financial condition. Despite slight improvements in net losses and earnings per share in recent years, the overall trend remains negative, signalling ongoing operational and financial difficulties.

Investors analysing IDream Film should consider these factors carefully, recognising the company's limited commercial activity and financial strain over the past several years. The data suggests a need for strategic turnaround or restructuring to restore profitability and strengthen the balance sheet.

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