Phantom Digital Effects Limited

I think receivables are the main problem with these companies. They get the job done with big production houses but not get paid for many months as they are dependent on these production houses for vfx work. These production houses work on many projects simultaneously hence they provide work regularly to these companies but delay payment of previous work done. That’s why these companies are venturing into producing movies. Recently digikore also moved into production with jio. Phantom also have its own production house. One more point when the biggest vfx company of the world Dneg balance sheet is not good I don’t think so these companies will post good result. Sora is also a threat for them