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 ₹ 20.0 Cr.
- Current Price ₹ 16.0
- High / Low ₹ 43.5 / 11.4
- Stock P/E 6.05
- Book Value ₹ 23.0
- Dividend Yield 0.00 %
- ROCE 20.6 %
- ROE 18.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.70 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 | TTM | |
|---|---|---|---|---|---|
| 11.60 | 22.15 | 26.63 | 47.67 | 47.38 | |
| 11.91 | 19.22 | 21.63 | 42.32 | 42.46 | |
| Operating Profit | -0.31 | 2.93 | 5.00 | 5.35 | 4.92 |
| OPM % | -2.67% | 13.23% | 18.78% | 11.22% | 10.38% |
| 0.85 | 0.13 | 0.07 | 0.72 | 0.76 | |
| Interest | 0.00 | 0.21 | 0.60 | 0.62 | 0.62 |
| Depreciation | 0.06 | 0.10 | 0.17 | 0.22 | 0.35 |
| Profit before tax | 0.48 | 2.75 | 4.30 | 5.23 | 4.71 |
| Tax % | 20.83% | 26.91% | 28.14% | 30.02% | |
| 0.37 | 2.01 | 3.09 | 3.67 | 3.30 | |
| EPS in Rs | 4.85 | 26.36 | 35.28 | 2.94 | 2.64 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| TTM: | 63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 115% |
| TTM: | -14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -47% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.76 | 0.76 | 0.88 | 12.49 | 12.49 |
| Reserves | 2.96 | 4.97 | 10.12 | 15.48 | 16.22 |
| 0.30 | 4.14 | 5.39 | 12.51 | 10.74 | |
| 2.39 | 4.70 | 7.75 | 9.12 | 6.42 | |
| Total Liabilities | 6.41 | 14.57 | 24.14 | 49.60 | 45.87 |
| 0.52 | 1.66 | 1.58 | 2.01 | 22.94 | |
| CWIP | 0.00 | 0.00 | 2.37 | 15.33 | 0.52 |
| Investments | 1.62 | 6.01 | 7.65 | 9.18 | 7.68 |
| 4.27 | 6.90 | 12.54 | 23.08 | 14.73 | |
| Total Assets | 6.41 | 14.57 | 24.14 | 49.60 | 45.87 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0.98 | 2.34 | 1.50 | -1.52 | |
| -1.51 | -5.62 | -4.08 | -18.75 | |
| 0.27 | 3.07 | 2.90 | 19.90 | |
| Net Cash Flow | -0.26 | -0.21 | 0.32 | -0.37 |
| Free Cash Flow | 0.87 | 1.09 | 1.41 | -2.09 |
| CFO/OP | -323% | 105% | 42% | -1% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 97.86 | 99.86 | 135.56 | 94.56 |
| Inventory Days | 0.00 | 0.00 | 0.00 | 0.00 |
| Days Payable | ||||
| Cash Conversion Cycle | 97.86 | 99.86 | 135.56 | 94.56 |
| Working Capital Days | 29.89 | -22.91 | -4.93 | 0.92 |
| ROCE % | 42.62% | 37.32% | 20.61% |
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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Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
6 April 2026 - Company on NSE Emerge says corporate governance provisions are not applicable for quarter ended March 31, 2026.
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General Updates
6 April 2026 - Promoters disclosed no encumbrance on company shares for FY ended March 31, 2026.
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Updates
1 April 2026 - Gaurav (1,203,700 shares, 9.64%) and Shruti request promoter-to-public reclassification; board to review.
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Updates
31 March 2026 - Promoter Gaurav Singhania sold 624,300 shares (4.99%) off-market to promoter-group Sana Warsi on 30-Mar-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.