Thinking Hats Entertainment Solutions Ltd
Incorporated in 2013, Thinking Hats Entertainment Solutions Ltd is in the
business of event management, visual
retail merchandise and Film, Music and
Content Development, Production and Distribution[1]
- Market Cap ₹ 15.6 Cr.
- Current Price ₹ 12.5
- High / Low ₹ 43.5 / 11.4
- Stock P/E 12.6
- Book Value ₹ 23.4
- Dividend Yield 0.00 %
- ROCE 5.96 %
- ROE 4.34 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.53 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 180 days.
- Working capital days have increased from 21.9 days to 69.8 days
* 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.
Peer comparison
Consumer Discretionary Consumer Services Other Consumer Services Other Consumer Services
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 11.60 | 22.15 | 26.63 | 47.67 | 23.52 | |
| 11.91 | 19.22 | 21.63 | 42.32 | 21.20 | |
| Operating Profit | -0.31 | 2.93 | 5.00 | 5.35 | 2.32 |
| OPM % | -2.67% | 13.23% | 18.78% | 11.22% | 9.86% |
| 0.85 | 0.13 | 0.07 | 0.72 | 0.52 | |
| Interest | 0.00 | 0.21 | 0.60 | 0.62 | 0.78 |
| Depreciation | 0.06 | 0.10 | 0.17 | 0.22 | 0.44 |
| Profit before tax | 0.48 | 2.75 | 4.30 | 5.23 | 1.62 |
| Tax % | 20.83% | 26.91% | 28.14% | 30.02% | 23.46% |
| 0.37 | 2.01 | 3.09 | 3.67 | 1.24 | |
| EPS in Rs | 4.85 | 26.36 | 35.28 | 2.94 | 0.99 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| TTM: | -51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -15% |
| TTM: | -66% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.76 | 0.76 | 0.88 | 12.49 | 12.49 |
| Reserves | 2.96 | 4.97 | 10.12 | 15.48 | 16.72 |
| 0.30 | 4.14 | 5.39 | 12.51 | 10.82 | |
| 2.39 | 4.70 | 7.75 | 9.12 | 7.62 | |
| Total Liabilities | 6.41 | 14.57 | 24.14 | 49.60 | 47.65 |
| 0.52 | 1.66 | 1.58 | 2.01 | 23.78 | |
| CWIP | 0.00 | 0.00 | 2.37 | 15.33 | 0.52 |
| Investments | 1.62 | 6.01 | 7.65 | 9.18 | 4.76 |
| 4.27 | 6.90 | 12.54 | 23.08 | 18.59 | |
| Total Assets | 6.41 | 14.57 | 24.14 | 49.60 | 47.65 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.98 | 2.34 | 1.50 | -1.52 | 3.35 | |
| -1.51 | -5.62 | -4.08 | -18.75 | 0.59 | |
| 0.27 | 3.07 | 2.90 | 19.90 | -2.48 | |
| Net Cash Flow | -0.26 | -0.21 | 0.32 | -0.37 | 1.46 |
| Free Cash Flow | 0.87 | 1.09 | 1.41 | -2.09 | -4.06 |
| CFO/OP | -323% | 105% | 42% | -1% | 189% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 97.86 | 99.86 | 135.56 | 94.56 | 179.86 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days Payable | |||||
| Cash Conversion Cycle | 97.86 | 99.86 | 135.56 | 94.56 | 179.86 |
| Working Capital Days | 29.89 | -22.91 | -4.93 | 0.92 | 69.83 |
| ROCE % | 42.62% | 37.32% | 20.61% | 5.96% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Employee Headcount Number |
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| Order Book (Capital Commitments for Content) INR Lakhs |
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| Total Content Produced (Since 2019) Number |
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| Trade Payables Turnover Ratio Times |
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| Trade Receivables Turnover Ratio Times |
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Extracted by Screener AI
Documents
Announcements
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Disclosure under SEBI Takeover Regulations
29 May 2026 - Promoter disclosed no encumbrance on company shares during FY ended March 31, 2026.
-
Outcome of Board Meeting
26 May 2026 - Board approved FY26 audited results, unmodified audit opinion, office shift to Mumbai, promoter reclassification, and internal auditor appointment.
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General Updates
26 May 2026 - Board approved FY26 audited results, unmodified opinion, and promoter reclassification to public subject to exchange approval.
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Structural Digital Database
6 May 2026 - Submitted SDD compliance certificate for FY2026; 3 events captured, no noncompliance observed.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
Busienss Overview:[1]
THEL started from a premier concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social
and virtual events, and is currently an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development.