Thinking Hats Entertainment Solutions Ltd.

•

thes.inBSE: -NSE: THESL

Market Cap₹ 17 Cr.

Current Price

High / Low₹ 44 / 11

Stock P/E14.0

Book Value₹ 22

Price to Book1.29

Dividend Yield0.00 %

ROCE20.6 %

ROE18.8 %

Face Value₹ 10

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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 GENERATED

Media Entertainment & Publication

Hold

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.

Confidence

48%

View full sector analysis →

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

Media Entertainment & PublicationMedia & EntertainmentFilm Production, Distribution & Entertainment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PVRINOX	1237.75	27.34	12154.70	0.00	56.50	203.67	1622.20	10.42	11.51	32.59
2.	SAREGAMA	505.30	43.99	9742.66	0.89	51.88	42.10	263.60	27.48	18.53	35.40
3.	TIPSMUSIC	659.55	39.29	8431.13	1.97	43.70	-4.67	106.51	20.94	124.42	50.27
4.	PANORAMA	53.43	57.65	1392.04	0.00	127.15	3529.75	1830.70	1242.65	28.17	10.94
5.	SUNSHINE	407.45	36.83	1269.16	0.00	—	—	—	—	41.33	—
6.	BALAJITELE	90.50	0.00	1103.22	0.00	22.39	476.59	240.29	229.94	-1.16	10.71
7.	AQYLON	21.41	45.85	543.24	0.00	-1.85	-3535.19	0.04	-96.33	-45.28	-1750.00
8.	CINELINE	96.45	29.73	367.60	1.30	-12.47	-89.64	55.01	48.56	-3.12	-78.71
9.	UFO	62.14	10.04	241.26	0.00	5.64	-13.50	110.69	3.81	12.77	16.36
10.	TIPSFILMS	330.65	0.00	142.94	0.00	-29.41	-720.49	47.96	-49.71	-6.69	-61.48
11.	BAGFILMS	4.48	20.79	97.63	0.00	3.57	58.90	38.59	22.62	5.57	18.58
12.	THESL	13.90	13.95	17.36	0.00	—	—	—	—	20.57	—

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	56.79	56.79	56.79	56.79
	0.89	0.00	0.00	0.00
	0.10	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00
	42.23	43.21	43.21	43.21

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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AI Stock Analyst

Thinking Hats Entertainment Solutions Ltd.

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Name

PVRINOX

1237.75

27.34

12154.70

0.00

56.50

203.67

1622.20

10.42

11.51

32.59

SAREGAMA

505.30

43.99

9742.66

0.89

51.88

42.10

263.60

27.48

18.53

35.40

TIPSMUSIC

659.55

39.29

8431.13

1.97

43.70

-4.67

106.51

20.94

124.42

50.27

PANORAMA

53.43

57.65

1392.04

0.00

127.15

3529.75

1830.70

1242.65

28.17

10.94

SUNSHINE

407.45

36.83

1269.16

0.00

—

41.33

—

BALAJITELE

90.50

0.00

1103.22

0.00

22.39

476.59

240.29

229.94

-1.16

10.71

AQYLON

21.41

45.85

543.24

0.00

-1.85

-3535.19

0.04

-96.33

-45.28

-1750.00

CINELINE

96.45

29.73

367.60

1.30

-12.47

-89.64

55.01

48.56

-3.12

-78.71

UFO

62.14

10.04

241.26

0.00

5.64

-13.50

110.69

3.81

12.77

16.36

TIPSFILMS

330.65

0.00

142.94

0.00

-29.41

-720.49

47.96

-49.71

-6.69

-61.48

BAGFILMS

4.48

20.79

97.63

0.00

3.57

58.90

38.59

22.62

5.57

18.58

THESL

13.90

13.95

17.36

0.00

—

20.57

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

-0

OPM %

-2.64%

13.20%

18.78%

11.19%

Interest

Depreciation

Profit before Tax

Tax %

22.33%

26.87%

28.15%

29.91%

Net Profit

EPS

4.88

26.33

35.30

2.94

Dividend Payout %

0.00%

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

Capital Work in Progress

Cash & Bank

Total Assets

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-2

Cash from Investing

-2

-6

-4

-19

Cash from Financing

-0

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2024

Mar 2025

Sep 2025

Mar 2026

56.79

0.89

0.00

0.10

0.00

Government

0.00

42.23

43.21

Thinking Hats Entertainment Solutions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Thinking Hats Entertainment Solutions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI