Raw Ledger / Micro-Data AuditVerified Stack
Micro
Data Stack
This document contains the Identity Math and foundational assumptions used to build the Dhurandhar Microeconomic layer.
Frame
The baseline for how we read a film as a financial engine.
We define the frame as the corporate scale project finance analysis of the Dhurandhar franchise. This includes Part 1 performance and Part 2 projections.
Status
Active
Confidence
92% Tier 1
Micro model
High-level synthesis of the project's financial waterfall.
| Revenue item | Figure | Source Detail |
|---|---|---|
| Part 1 worldwide gross anchor | ₹1,353 cr | Base anchor from the current model |
| Part 2 multiplier | 1.5x | Explicit Part 2 assumption |
| Part 2 worldwide gross | ₹2,029.5 cr | 1.5 × Part 1 |
| Combined worldwide gross | ₹3,382.5 cr | Part 1 + Part 2 |
| India theatrical realization | ₹1,161.63 cr | 50.5% of combined India net |
| Overseas realization | ₹277.33 cr | 42% of overseas gross |
| Rights stack | ₹550 cr | OTT + satellite + music + ancillary |
| Producer/studio revenue | ₹1,988.96 cr | Modeled top line |
Cost stack
Direct and indirect costs cover the full project stack.
| Cost item | Figure | Audit Note |
|---|---|---|
| Production | ₹380 cr | Core film production base |
| P&A / marketing | ₹90 cr | Release + promotion |
| Distribution / logistics | ₹20 cr | Release, settlement, and print logistics |
| Talent premium + overhead | ₹105 cr | Backend, contingency, and overhead |
| Operating cost total | ₹595 cr | Sum of the modeled operating cost stack |
Returns and checks
The post-tax realization flow.
EBITDA
₹1,393.96 cr
Revenue less operating cost
Amortisation
₹25 cr
Capitalized production cost burden
EBIT
₹1,368.96 cr
After amortisation, before interest
Interest
₹17.85 cr
10% financing cost on 30% debt
PBT
₹1,351.11 cr
EBIT less interest
Tax
₹337.78 cr
25% effective tax rate
PAT
₹1,013.33 cr
Post-tax modeled outcome
Metadata / Source References
PwC 2025 global E&M outlookEY Indian Media & Entertainment outlookIBEF admissions / tickets notePublic high-grossing film listsPublic Dhurandhar credits and studio structure