Creative Eye Ltd (CREATIVEYE)

Media Entertainment & Publication · Entertainment · NSE · Updated 30 September 2026

By StockFin Research TeamAI-Assisted AnalysisSource: BSE/NSE Filings

₹6.6↓ 11.29% (1Y)

🎯 Key Takeaways

Creative Eye Ltd appears to be in a development or turnaround phase, marked by minimal revenue generation and persistent losses, though recent shareholder approvals signal strategic stabilization. The company has strengthened its financial flexibility through a shareholder-approved borrowing limit increase and governance enhancements, while leadership continuity is being maintained with key director reappointments.
Revenue declined 28.6% QoQ to ₹0 in Q1FY27.
⚠️ 1) Persistent lack of revenue and profitability raises concerns about business viability and cash flow sustainability. 2) Heavy reliance on promoter g

Market Cap: ₹13
P/B Ratio: 0.90
ROE: -31.0%
ROCE: -18.4%
Debt/Equity: 0.45
Promoter: 56.3%

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📖 The Story

Creative Eye Ltd appears to be in a development or turnaround phase, marked by minimal revenue generation and persistent losses, though recent shareholder approvals signal strategic stabilization. The company has strengthened its financial flexibility through a shareholder-approved borrowing limit increase and governance enhancements, while leadership continuity is being maintained with key director reappointments. However, the absence of revenue and ongoing losses suggest the business remains in an early or restructuring stage, with limited operational traction.

📰 What's Happening

In August 2026, shareholders approved four special resolutions at an EGM, including a significant increase in borrowing powers to ₹50 crores (96.22% in favor), regularization of two independent directors, and reappointment of Zuby Kochhar as Whole-Time Director. These governance and capital structure changes were confirmed across multiple filings, including the August 26 board meeting, which also approved unaudited Q1 FY27 results. The reappointments and regularizations underscore management's focus on institutional stability and compliance, with no material operational updates disclosed alongside financials.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	0	0	0	0	0
Operating Profit	-1	-1	-0	-0	-0
OPM %	—	—	—	-47.6%	-33.3%
Net Profit	-1	-1	-4	-0	-0
EPS	₹-0.36	₹-0.32	₹-1.84	₹-0.07	₹-0.05

The company continues to report negligible revenue and negative operating performance, with Q1 FY27 showing zero revenue and an operating loss of ₹0 (OPM of -33.3%), consistent with prior quarters. Losses have persisted despite stable equity and reserves, indicating limited top-line recovery. The absence of revenue growth or margin improvement suggests the business has not yet demonstrated operational momentum, though cost management appears contained given the scale of losses.

🔮 Management Outlook & What's Next

Management has not provided forward guidance or operational targets in the latest filings, focusing instead on governance and capital authorization. The reappointment of Zuby Kochhar and regularization of independent directors signal confidence in existing leadership, but no strategic roadmap or growth projections were communicated in the Q1 FY27 results filing. Investor updates remain limited to procedural matters rather than performance expectations.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	10	10	10	10
Reserves	10	11	5	9
Borrowings	6	6	7	6
Total Liabilities	28	28	23	26
Fixed Assets	1	1	1	1
Investments	0	0	0	0
Total Assets	28	28	23	26

The balance sheet shows stable equity of ₹10 crores and reserves fluctuating slightly, while borrowings have modestly increased from ₹6 to ₹7 crores, reflecting utilization of the newly approved ₹50 crore limit. Total assets have declined slightly, but the capital structure remains conservative with low leverage (D/E of 0.29). The company is not aggressively investing or deleveraging but is positioning for potential future capital needs without overcommitting resources.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	-1
Investing	+2
Financing	-1
Net Cash Flow	-0

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	56.3%	56.3%	56.3%	56.3%
FII	0.0%	0.0%	0.0%	0.0%
DII	0.0%	0.0%	0.0%	0.0%
Public	40.8%	40.8%	40.9%	40.9%
# Shareholders	12,405	12,241	11,913	11,710

Promoter holding remains steady at 56.26%, with no FII or DII allocations reported in recent quarters, and a growing number of public shareholders (11,710 in Q1FY27). This suggests limited institutional interest or access, with retail investors constituting a dominant share of the public float. The lack of foreign or domestic institutional participation may reflect skepticism about the company’s earnings visibility or sector relevance.

⚖️ Peer Comparison — Entertainment

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
SUNTV	21,826	14.3	17.8%	—	0.00
PVRINOX	11,707	26.3	12.5%	—	0.21
SAREGAMA	9,484	42.8	19.6%	—	0.00
TIPSMUSIC	8,289	167.6	3.4%	—	0.00
ZEEL	7,109	34.9	1.7%	—	0.02
WONDERLA	3,185	31.2	7.3%	—	0.00
IMAGICAA	2,902	205.2	3.1%	—	0.28
MMWL	1,612	284.6	9.9%	—	1.57
PANORAMA	1,507	62.9	15.3%	—	0.41
DEN	1,237	8.3	5.3%	—	0.00

🔗 Peer Stock Analyses

SUNTV PVRINOX SAREGAMA TIPSMUSIC ZEEL

⚠️ Risk Factors

1) Persistent lack of revenue and profitability raises concerns about business viability and cash flow sustainability. 2) Heavy reliance on promoter group for over half the capital raises governance and liquidity risks if promoter support wanes. 3) Absence of institutional investor interest may limit liquidity and price discovery. 4) Governance changes, while approved, do not address underlying operational challenges, making leadership continuity insufficient without a clear path to revenue generation.

📋 Recent Filings

🧠 Analyst's Read

Creative Eye Ltd remains a high-risk entity with no current revenue base and ongoing losses, despite governance improvements and enhanced financial flexibility. The key watchpoint is whether the company can leverage its strengthened balance sheet to fund a viable turnaround strategy, though no such plan has been disclosed. Investors should monitor for operational updates, revenue visibility, or strategic shifts that signal a move beyond the current stagnant phase.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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