THESL
Thinking Hats Entertainment Solutions financials
- Market cap
- ₹17 Cr
- Sector
- Consumer Services
Quarterly results
Q4 FY26: revenue down 25.7%, net profit down 81.4% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 6 | 20 | 9 | 39 | 8 +34% | 15 −26% |
| EBITDA | 1 | 4 | 2 | 4 | 1 +100% | 1 −78% |
| Net profit | 0 | 3 | 1 | 3 | 1 +124% | 1 −81% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −58.4% 1Y
1Y: ₹33.4 on 5 Sept 2025 → ₹13.9. High ₹43.4 (7 Oct 2025), low ₹11.95 (27 Mar 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹3 Cr | ₹5 Cr | ₹10 Cr | ₹16 Cr | ₹17 Cr |
| Borrowings | ₹0 Cr | ₹4 Cr | ₹5 Cr | ₹11 Cr | ₹11 Cr |
| Other liabilities | ₹2 Cr | ₹5 Cr | ₹8 Cr | ₹6 Cr | ₹8 Cr |
| Total liabilities | ₹6 Cr | ₹15 Cr | ₹24 Cr | ₹46 Cr | ₹48 Cr |
| Fixed assets | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹23 Cr | ₹24 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹2 Cr | ₹6 Cr | ₹8 Cr | ₹8 Cr | ₹5 Cr |
| Other assets | ₹4 Cr | ₹7 Cr | ₹13 Cr | ₹15 Cr | ₹19 Cr |
| Total assets | ₹6 Cr | ₹15 Cr | ₹24 Cr | ₹46 Cr | ₹48 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
The ownership split has held steady since Mar 2025. The shareholder count shrank 7% to 427.
- Promoters
- 56.8%
- Public
- 43.2%
Since Mar 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- DIIs 0.00 pp
How it drifted, 5 quarters
Over this window the public went from 41.5% to 43.2% — +1.8 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 56.8%, FIIs 0.9%, DIIs 0.9%, Public 41.5%.Oct '24: Promoters 56.8%, FIIs 0.9%, DIIs 0.9%, Public 41.5%.Mar '25: Promoters 56.8%, Public 43.2%.Sep '25: Promoters 57.0%, Public 43.0%.Mar '26: Promoters 56.8%, Public 43.2%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sana Warsi +5.11 pp 11.11% held
- Jay Kumar Manot +0.11 pp 1.11% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Thinking Hats Entertainment Solutions Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Rajesh Bhardwaj | 36.03% | unchanged |
| Sana Warsi | 11.11% | +5.11 pp |
| Gaurav Singhania . | 9.64% | −5.36 pp |
| Ashish Lalu Hasija | 3.05% | unchanged |
| Ideal Breweries Pvt Ltd | 2.56% | −0.44 pp |
| Pitam Goel | 1.82% | −0.18 pp |
| Prafull Kumar | 1.81% | −0.19 pp |
| Jay Kumar Manot | 1.11% | +0.11 pp |
| Shruti Singhania . | 0.01% | unchanged |
| Ruchi Agarwal | 0.01% | unchanged |
| Satish Kumar Bhayana | 0.00% | unchanged |
| Prashant Tyagi | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -15.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse Thinking Hats Entertainment Solutions Ltd
Guides on how to read this kind of business and the numbers that matter.