Thinking Hats Entertainment Solutions Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Event Management: 70.8% • Retail Visual Merchandising: 28.7% • Film, Music and Content Development, Production & Distribution: 0.5%
AI Sector View
AI GENERATEDMedia Entertainment & Publication
This sector uses indirect proxies rather than direct ad-spend data. Urban CMIE sentiment at 109.5 (2026-07), disposable personal income of INR 353131560 million (Dec/25), and consumer spending of INR 44743 billion (Jun/26) are supportive, but formal consumer confidence weakened to 88.3 (Jul/26). FPI flow is mildly negative at INR -558 crore over 3 months to 2026-08-31, so the stance remains neutral and confidence is capped.
PROS
- Company has a healthy return on capital (ROCE) of 33.5%
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.7%
- Operating margins have improved to 11.2% from 4.7%
- Company comfortably covers its interest (9.4x coverage)
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.26x)
- Total debt has risen sharply - up 132.4% year on year
- Free cash flow has been persistently negative
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PVRINOX | 1246.80 | 27.54 | 12243.57 | 0.00 | 56.50 | 203.67 | 1622.20 | 10.42 | 11.51 | 32.59 |
| SAREGAMA | 493.65 | 42.98 | 9518.04 | 0.91 | 51.88 | 42.10 | 263.60 | 27.48 | 18.53 | 35.40 |
| TIPSMUSIC | 652.80 | 38.88 | 8344.85 | 1.99 | 43.70 | -4.67 | 106.51 | 20.94 | 124.42 | 50.27 |
| SUNSHINE | 438.45 | 39.63 | 1365.72 | 0.00 | — | — | — | — | 41.33 | — |
| PANORAMA | 45.66 | 49.27 | 1189.61 | 0.00 | 127.15 | 3529.75 | 1830.70 | 1242.65 | 28.17 | 10.94 |
| BALAJITELE | 91.24 | 0.00 | 1112.24 | 0.00 | 22.39 | 476.59 | 240.29 | 229.94 | -1.16 | 10.71 |
| AQYLON | 21.54 | 46.12 | 546.54 | 0.00 | -1.85 | -3535.19 | 0.04 | -96.33 | -45.28 | -1750.00 |
| CINELINE | 91.00 | 28.05 | 346.82 | 1.37 | -12.47 | -91.95 | 55.01 | 48.56 | -3.12 | -78.71 |
| UFO | 65.32 | 10.55 | 253.60 | 0.00 | 5.64 | -13.50 | 110.69 | 3.81 | 12.77 | 16.36 |
| TIPSFILMS | 329.90 | 0.00 | 142.61 | 0.00 | -29.41 | -720.49 | 47.96 | -49.71 | -6.69 | -61.48 |
| BAGFILMS | 4.35 | 20.19 | 94.79 | 0.00 | 3.57 | 58.90 | 38.59 | 22.62 | 5.57 | 18.58 |
| THESL | 16.15 | 16.21 | 20.17 | 0.00 | — | — | — | — | 20.57 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 12 | 22 | 27 | 48 | |
| 12 | 19 | 22 | 42 | |
| Operating Profit | -0 | 3 | 5 | 5 |
| OPM % | -2.64% | 13.20% | 18.78% | 11.19% |
| 1 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 3 | 4 | 5 |
| Tax % | 22.33% | 26.87% | 28.15% | 29.91% |
| Net Profit | 0 | 2 | 3 | 4 |
| EPS | 4.88 | 26.33 | 35.30 | 2.94 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 60%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 114%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -57%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 33%
- Last Year:
- 19%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 12 |
| 3 | 5 | 10 | 15 | |
| 0 | 4 | 5 | 11 | |
| Trade Payables | 2 | 4 | 4 | 4 |
| 1 | 1 | 5 | 7 | |
| Total Liabilities | 6 | 15 | 25 | 50 |
| 1 | 2 | 2 | 2 | |
| Capital Work in Progress | 0 | 0 | 0 | 1 |
| 2 | 6 | 8 | 9 | |
| 0 | 0 | 10 | 12 | |
| Cash & Bank | 0 | 0 | 1 | 4 |
| 4 | 7 | 5 | 22 | |
| Total Assets | 6 | 15 | 25 | 50 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1 | 3 | 2 | -2 | |
| Cash from Investing | -2 | -6 | -4 | -19 |
| Cash from Financing | 0 | 3 | 3 | 20 |
| -0 | -0 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| PER SHARE | ||||
| EPS (₹) | 4.88 | 26.33 | 35.30 | 2.94 |
| Book Value (₹) | 48.85 | 75.18 | 125.58 | 22.40 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.57 | 2.77 | 3.72 | 3.11 |
| PROFITABILITY | ||||
| Operating Margin % | 4.68% | 13.79% | 18.78% | 11.19% |
| Net Margin % | 3.21% | 9.07% | 11.61% | 7.69% |
| ROE % | 9.99% | 42.46% | 36.96% | 18.81% |
| ROCE % | 12.04% | 42.51% | 37.36% | 20.57% |
| 5.80% | 19.14% | 15.72% | 9.77% | |
| EFFICIENCY | ||||
| Debtor Days | 98 | 76 | 109 | 85 |
| Inventory Days | 0 | 0 | 0 | 0 |
| Payable Days | 223 | 0 | 0 | 0 |
| -125 | 76 | 109 | 85 | |
| FINANCIAL HEALTH | ||||
| Debt to Equity (x) | 0.08x | 0.72x | 0.49x | 0.45x |
| Interest Coverage (x) | 109.89x | 14.35x | 8.16x | 9.43x |
| 2.10x | 1.61x | 1.61x | 1.68x | |
| GROWTH | ||||
| Revenue Growth % | 0.00% | 90.90% | 20.25% | 78.99% |
| Operating Profit Growth % | 0.00% | 462.18% | 66.02% | 19.62% |
| Net Profit Growth % | 0.00% | 439.61% | 53.97% | 18.55% |
| 0.00% | 0.00% | 34.05% | -91.69% | |
| VALUATION | ||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 9.81x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 1.29x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 1.12x | 7.34x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for THESL
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