Thirani Projects Ltd
₹ 6.81
4.93%
25 Sep
11:48 a.m.
About
Incorporated in 1983, Thirani Projects
Ltd is in the business of Investing and
Financing[1]
Key Points
- Market Cap ₹ 13.8 Cr.
- Current Price ₹ 6.81
- High / Low ₹ 7.16 / 3.05
- Stock P/E 16.0
- Book Value ₹ 6.16
- Dividend Yield 0.00 %
- ROCE 3.48 %
- ROE 6.21 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 1.05 times its book value
Cons
- The company has delivered a poor sales growth of -2.20% over past five years.
- Promoter holding is low: 20.1%
- Company has a low return on equity of -13.5% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.12 | 1.37 | 1.57 | 3.66 | 2.67 | 1.41 | 0.95 | 0.89 | 0.84 | 0.78 | 0.83 | 0.85 | 0.87 | |
| 0.07 | 0.87 | 1.15 | 3.50 | 2.22 | 1.42 | 1.01 | 1.06 | 0.69 | 1.46 | 7.21 | 0.43 | 0.34 | |
| Operating Profit | 0.05 | 0.50 | 0.42 | 0.16 | 0.45 | -0.01 | -0.06 | -0.17 | 0.15 | -0.68 | -6.38 | 0.42 | 0.53 |
| OPM % | 41.67% | 36.50% | 26.75% | 4.37% | 16.85% | -0.71% | -6.32% | -19.10% | 17.86% | -87.18% | -768.67% | 49.41% | 60.92% |
| -0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | -0.02 | 0.49 | 0.41 | 0.16 | 0.45 | -0.01 | -0.06 | -0.17 | 0.15 | -0.68 | -6.38 | 0.41 | 0.53 |
| Tax % | 50.00% | 42.86% | 31.71% | 31.25% | 26.67% | -100.00% | 0.00% | 0.00% | 6.67% | 0.00% | 0.00% | -82.93% | |
| -0.04 | 0.28 | 0.28 | 0.11 | 0.33 | 0.00 | -0.06 | -0.17 | 0.14 | -0.68 | -6.38 | 0.75 | 0.86 | |
| EPS in Rs | -0.02 | 0.14 | 0.14 | 0.05 | 0.16 | 0.00 | -0.03 | -0.08 | 0.07 | -0.34 | -3.16 | 0.37 | 0.42 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | -2% |
| 3 Years: | 0% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 71% |
| 3 Years: | 75% |
| TTM: | 114% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 34% |
| 1 Year: | 70% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -7% |
| 3 Years: | -14% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 | 20.21 |
| Reserves | 0.00 | 0.25 | 0.52 | 0.62 | 0.97 | -0.58 | -0.63 | -0.49 | -1.42 | -0.92 | -8.50 | -7.75 |
| 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.03 | 0.22 | 0.25 | 0.06 | 0.04 | 0.03 | 0.14 | 0.09 | 0.09 | 0.24 | 1.54 | 1.52 | |
| Total Liabilities | 20.25 | 20.68 | 20.98 | 20.89 | 21.22 | 19.66 | 19.72 | 19.81 | 18.88 | 19.53 | 13.25 | 13.98 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 18.78 | 6.90 | 6.15 | 5.02 | 4.52 | 8.77 | 8.78 | 9.09 | 8.02 | 8.25 | 1.26 | 1.26 |
| 1.47 | 13.78 | 14.83 | 15.87 | 16.70 | 10.89 | 10.94 | 10.72 | 10.86 | 11.28 | 11.99 | 12.72 | |
| Total Assets | 20.25 | 20.68 | 20.98 | 20.89 | 21.22 | 19.66 | 19.72 | 19.81 | 18.88 | 19.53 | 13.25 | 13.98 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.52 | -11.74 | -0.57 | -1.14 | -0.21 | -5.82 | 0.05 | -0.06 | 2.06 | -2.17 | -0.17 | -0.11 | |
| -5.70 | 11.88 | 0.75 | 1.13 | 0.50 | 5.86 | -0.66 | 0.60 | 0.00 | 0.03 | 0.33 | 0.00 | |
| -0.03 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Cash Flow | -0.21 | 0.13 | 0.18 | -0.01 | 0.29 | 0.04 | -0.61 | 0.53 | 2.06 | -2.14 | 0.16 | -0.11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.04 | 0.00 | 0.00 |
| Inventory Days | 0.00 | 0.00 | 0.00 | |||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.04 | 0.00 | 0.00 |
| Working Capital Days | 3,862.92 | 3,554.09 | 1,864.52 | 135.63 | 79.29 | 25.89 | 46.11 | 4.10 | 21.73 | 9.36 | -532.11 | -480.94 |
| ROCE % | 0.25% | 2.41% | 1.99% | 0.77% | 2.14% | -0.05% | -0.31% | -0.87% | 0.78% | -3.57% | -41.16% | 3.48% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 Sep
-
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
9 Sep - APANAPAN DISTRIBUTORS LLP sold 2,786,865 shares (13.79%) via open market on 01,05,08 Sep 2025.
-
Regulation 7 (2) Read With Regulation 6(2) - Continual Disclosure Of SEBI (Prohibition Of Insider Trading) Regulations, 2015
8 Sep - Sale of 2,786,865 shares (13.79%) disclosed in Form C on 08.09.2025.
-
Reg. 34 (1) Annual Report.
7 Sep - Submitted FY2024-25 annual report; standalone PAT Rs.74.72 lakh; CSE delisting effective 03/04/2025.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 4 Sep
Annual reports
-
Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Registration:[1]
TPL is registered as a Non Systematically Important Non Deposit Taking Non Banking Finance Company