Thinking Hats Entertainment Solutions
THESL NSE
Thinking Hats Entertainment Solutions
Consumer DiscretionaryNSE: THESL Other Consumer Services
Key Fundamentals
SMEEvent ManagementConsumer ServicesMarket Cap
₹17.36 Cr
Volatility
Moderate
P/E Ratio
13.9
EBITDA
₹2.33 Cr
Return on Equity
13.11%
Debt to Equity
0.37
Book Value
₹23.39
52W High
₹43.5
52W Low
₹11.4
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.59 times its book value
Weaknesses
3- 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
Growth Rate
Revenue Growth
-51.4% lower than
3Y
Net Income Growth
-65.68% lower than
3Y
Cash Flow Change
-201% lower than
3Y
ROE
-53.36% lower than
3Y
ROCE
-54.25% higher than
3Y
EBITDA Margin (Avg.)
-21.6% higher than
3Y
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 6.22 | 20.41 | 8.65 | 39.02 | 8.36 | 15.16 |
| Expenses | 5.51 | 16.19 | 6.9 | 35.52 | 6.94 | 14.25 |
| Operating Profit | 0.71 | 4.22 | 1.75 | 3.5 | 1.42 | 0.91 |
| OPM % | 11.41% | 20.68% | 20.23% | 8.97% | 16.99% | 6% |
| Other Income | 0.03 | 0.03 | 0.11 | 0.62 | 0.14 | 0.38 |
| Interest | 0.2 | 0.32 | 0.26 | 0.27 | 0.35 | 0.43 |
| Depreciation | 0.08 | 0.09 | 0.07 | 0.15 | 0.2 | 0.24 |
| PBT | 0.46 | 3.84 | 1.53 | 3.7 | 1.01 | 0.62 |
| Tax % | 26.09% | 28.91% | 27.45% | 30.81% | 25.74% | 17.74% |
| Net Profit | 0.33 | 2.74 | 1.1 | 2.56 | 0.74 | 0.51 |
| EPS in Rs | 4.33 | 31.29 | 0.88 | 2.05 | 0.59 | 0.41 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 11.6 | 22.15 | 26.63 | 47.67 | 23.52 |
| Expenses | 11.91 | 19.22 | 21.63 | 42.32 | 21.2 |
| Operating Profit | -0.31 | 2.93 | 5 | 5.35 | 2.32 |
| OPM % | -2.67% | 13.23% | 18.78% | 11.22% | 9.86% |
| Other Income | 0.85 | 0.13 | 0.07 | 0.72 | 0.52 |
| Interest | 0 | 0.21 | 0.6 | 0.62 | 0.78 |
| Depreciation | 0.06 | 0.1 | 0.17 | 0.22 | 0.44 |
| PBT | 0.48 | 2.75 | 4.3 | 5.23 | 1.62 |
| Tax % | 20.83% | 26.91% | 28.14% | 30.02% | 23.46% |
| Net Profit | 0.37 | 2.01 | 3.09 | 3.67 | 1.24 |
| EPS in Rs | 4.85 | 26.36 | 35.28 | 2.94 | 0.99 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
| Borrowings | 0.3 | 4.14 | 5.39 | 12.51 | 10.82 |
| Other Liabilities | 2.39 | 4.7 | 7.75 | 9.12 | 7.62 |
| Total Liabilities | 6.41 | 14.57 | 24.14 | 49.6 | 47.65 |
| Fixed Assets | 0.52 | 1.66 | 1.58 | 2.01 | 23.78 |
| CWIP | 0 | 0 | 2.37 | 15.33 | 0.52 |
| Investments | 1.62 | 6.01 | 7.65 | 9.18 | 4.76 |
| Other Assets | 4.27 | 6.9 | 12.54 | 23.08 | 18.59 |
| Total Assets | 6.41 | 14.57 | 24.14 | 49.6 | 47.65 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 0.98 | 2.34 | 1.5 | -1.52 | 3.35 |
| Investing | -1.51 | -5.62 | -4.08 | -18.75 | 0.59 |
| Financing | 0.27 | 3.07 | 2.9 | 19.9 | -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
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 97.86 | 99.86 | 136 | 94.56 | 180 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 97.86 | 99.86 | 136 | 94.56 | 180 |
| Working Capital Days | 29.89 | -22.91 | -4.93 | 0.92 | 69.83 |
| ROCE % | — | 42.62% | 37.32% | 20.61% | 5.96% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Thinking Hats Entertainment Solutions insights
29 extracted metrics + investor summaries across FY22–FY26.
Documents
1
Copy of Newspaper Publication
8 Sep - Newspaper advertisement published for 13th AGM notice and e-voting details on September 8, 2026. 8 Sep - Newspaper advertisement published for 13th AGM notice and e-voting details on September 8, 2026.
2
General Updates
8 Sep - AGM scheduled for September 30, 2026; annual report web link shared with shareholders. 8 Sep - AGM scheduled for September 30, 2026; annual report web link shared with shareholders.
3
Shareholders meeting
7 Sep - 13th AGM on September 30, 2026; shareholders to consider promoter reclassification and approve FY26 accounts. 7 Sep - 13th AGM on September 30, 2026; shareholders to consider promoter reclassification and approve FY26 accounts.
4
Copy of Newspaper Publication
3 Sep - 13th AGM on September 30, 2026 via VC/OAVM; annual report and e-voting details shared. 3 Sep - 13th AGM on September 30, 2026 via VC/OAVM; annual report and e-voting details shared.
5
Outcome of Board Meeting
2 Sep - Board approved 13th AGM on Sep 30, 2026; book closure Sep 24-30 and e-voting cutoff Sep 23. 2 Sep - Board approved 13th AGM on Sep 30, 2026; book closure Sep 24-30 and e-voting cutoff Sep 23.
Frequently Asked Questions about Thinking Hats Entertainment Solutions
What does Thinking Hats Entertainment Solutions Ltd do?
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]
Where is Thinking Hats Entertainment Solutions Ltd (THESL) listed?
Thinking Hats Entertainment Solutions Ltd trades as THESL on the NSE.
Which sector does Thinking Hats Entertainment Solutions Ltd belong to?
Thinking Hats Entertainment Solutions Ltd is classified under the Consumer Discretionary sector, in the Other Consumer Services industry.
What is the market capitalisation of Thinking Hats Entertainment Solutions Ltd?
Thinking Hats Entertainment Solutions Ltd has a market capitalisation of ₹17.36 Cr, which places it in the Small Cap band.
What is the PE ratio of Thinking Hats Entertainment Solutions Ltd?
Thinking Hats Entertainment Solutions Ltd trades at a PE ratio of 13.90, against a book value of ₹23.39 per share.
What is the 52-week high and low of Thinking Hats Entertainment Solutions Ltd?
Over the last 52 weeks Thinking Hats Entertainment Solutions Ltd has traded between ₹11.4 and ₹43.5.
What is the Return on Equity (ROE) of Thinking Hats Entertainment Solutions Ltd?
Thinking Hats Entertainment Solutions Ltd reported a return on equity of 13.11%. Its debt-to-equity ratio is 0.37.
Company Information
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]
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