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 ₹ 13.7 Cr.
- Current Price ₹ 11.0
- High / Low ₹ 36.5 / 11.0
- Stock P/E 10.9
- Book Value ₹ 23.4
- Dividend Yield 0.00 %
- ROCE 6.09 %
- ROE 4.37 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.47 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -9.66%
- Company has high debtors of 180 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 | 42.33 | 21.15 | |
| Operating Profit | -0.31 | 2.93 | 5.00 | 5.34 | 2.37 |
| OPM % | -2.67% | 13.23% | 18.78% | 11.20% | 10.08% |
| 0.85 | 0.13 | 0.07 | 0.72 | 0.51 | |
| Interest | 0.00 | 0.21 | 0.60 | 0.61 | 0.82 |
| 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 | 0.49 | 2.64 | 3.51 | 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: | -69% |
| 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 | 2.97 | |
| CWIP | 0.00 | 0.00 | 2.37 | 15.33 | 21.33 |
| 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 | 3.33 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -323% | 105% | 42% | -1% | 185% |
Ratios
| 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 | -0.93 |
| ROCE % | 42.62% | 37.32% | 20.57% | 6.09% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Capital Commitments - Film, Music and Content (Order Book) Rs. Lakhs |
|
||
| Event Management Revenue Share % of total revenue |
|||
| Film, Music and Content Production Revenue Share % of total revenue |
|||
| Foreign Exchange Earnings Rs. Lakhs |
|||
| Intangible Assets Under Development (Content in Production Pipeline) Rs. Lakhs |
|||
| Retail Visual Merchandising Revenue Share % of total revenue |
|||
| Permanent Employees on Payroll employees |
|||
Extracted by Screener AI
Documents
Announcements
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
- THESL says corporate governance provisions are not applicable for quarter ended September 30, 2026, due to NSE Emerge listing.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended September 30, 2026.
-
General Updates
- Members approved reclassification of Singhania group to public; all 3 AGM resolutions passed on September 30, 2026.
-
Shareholders meeting
- 13th AGM held on September 30, 2026; shareholders considered financials, director reappointment, and promoter reclassification.
-
Shareholders meeting
- 13th AGM approved all resolutions, including reclassification of promoters to public category.
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.