- Public Comps
- Recode Studios
Recode Studios Valuation Multiples
Discover Recode Studios' revenue and EBITDA valuation multiples and investment history.
Recode Studios Overview
About Recode Studios
Recode Studios Ltd is a beauty and personal care (BPC) company operating in the beauty, cosmetics and personal care segment in India. It is engaged in the branding, procurement and distribution of beauty and personal care products under the "Recode" brand. The company offers a diversified portfolio of products across make-up, skincare, body care and beauty accessories. Its product portfolio includes face make-up, eye make-up, lip makeup, face and body care products and beauty accessories. The majority of revenue is derived from the Face Make-Up category, which includes products such as foundations, primers, concealers and related face cosmetics.
Founded
2021
HQ

Employees
156
Website
Financials (FY)
EV
$36M
Valuation Multiples
Start free trialRecode Studios Financials
Recode Studios reported last fiscal year revenue of $5M and EBITDA of $642K.
In the same fiscal year, Recode Studios generated $3M in gross profit, $642K in EBITDA, and $345K in net income.
Recode Studios P&L
In the most recent fiscal year, Recode Studios reported revenue of $5M and EBITDA of $642K.
Recode Studios is profitable as of last fiscal year, with gross margin of 59%, EBITDA margin of 13%, and net margin of 7%.
Financial data powered by Morningstar, Inc.
Recode Studios Stock Performance
Recode Studios has current market cap of $35M, and enterprise value of $36M.
Market Cap Evolution
Recode Studios' stock price is $3.31.
Recode Studios share price increased by 41.2% in the last 30 days.
Recode Studios has an EPS (earnings per share) of $0.03.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $36M | $35M | 0.0% | 41.2% | 70.5% | - | $0.03 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialRecode Studios Valuation Multiples
Recode Studios trades at 7.3x EV/Revenue multiple, and 55.4x EV/EBITDA.
Recode Studios Financial Valuation Multiples
As of August 24, 2026, Recode Studios has market cap of $35M and EV of $36M.
Recode Studios has a P/E ratio of 102.2x.
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Recode Studios Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Recode Studios Margins & Growth Rates
In the most recent fiscal year, Recode Studios reported gross margin of 59%, EBITDA margin of 13%, and net margin of 7%.
Recode Studios Margins
Recode Studios Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Recode Studios Operational KPIs
Recode Studios' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Data powered by FactSet, Inc. and Morningstar, Inc.
Recode Studios Competitors
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
This data is available for Pro users. Sign up to see all Recode Studios competitors and their valuation data. Start Free Trial | ||||||
Investments by Recode Studios
Recode Studios has invested in 1 company to date.
Latest investment by Recode Studios was on July 23rd 2026. Recode Studios invested in Aflairza Professionals in their $400K Strategic investment round (EV/Revenue multiple available to Pro users).
Latest Investments by Recode Studios
| Description | Aflairza Professionals is a beauty brand that sells professional cosmetics formulated with Korean ingredients. | Aflairza Professionals is a beauty brand that sells professional cosmetics formulated with Korean ingredients. |
| HQ Country | ||
| HQ City | Emporia, KS | Emporia, KS |
| Deal Date | 23 Jul 2026 | 23 Jul 2026 |
| Round | Strategic investment | Secondary |
| Raised | $400K | $400K |
| Investors | Recode Studios | Recode Studios |
| Valuation | $3M | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Recode Studios investments and their VC round multiples. Start Free Trial | ||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Recode Studios
| When was Recode Studios founded? | Recode Studios was founded in 2021. |
| Where is Recode Studios headquartered? | Recode Studios is headquartered in India. |
| How many employees does Recode Studios have? | As of today, Recode Studios has over 156 employees. |
| Who is the CEO of Recode Studios? | Recode Studios' CEO is Rahul Sachdeva. |
| Is Recode Studios publicly listed? | Yes, Recode Studios is a public company listed on Bombay Stock Exchange. |
| What is the stock symbol of Recode Studios? | Recode Studios trades under 544755 ticker. |
| When did Recode Studios go public? | Recode Studios went public in 2026. |
| Who are competitors of Recode Studios? | Recode Studios main competitors include |
| What is the current market cap of Recode Studios? | Recode Studios' current market cap is $35M. |
| What is the current revenue of Recode Studios? | Recode Studios' last fiscal year revenue is $5M. |
| What is the current EV/Revenue multiple of Recode Studios? | Current revenue multiple of Recode Studios is 7.3x. |
| Is Recode Studios profitable? | No, Recode Studios is not profitable. |
| How many companies Recode Studios has acquired to date? | Recode Studios hasn't acquired any companies yet (or none have been disclosed publicly). |
| In how many companies Recode Studios has invested to date? | As of August 2026, Recode Studios has invested in 1 company. |
| What was the last Recode Studios investment? | On 23rd July 2026 Recode Studios invested in Aflairza Professionals, participating in a $400K Strategic investment round at $3M valuation. |
| In what companies Recode Studios invested in? | Recode Studios invested in Aflairza Professionals. |
Lists including Recode Studios
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.





