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Thirani Projects Overview

Thirani Projects Ltd operates as a non-banking financial organization in India. The corporation offers short term and long-term loans. It also offers long time and short-time period investments in quoted and unquoted shares. The agency was previously called Soft Touch Silk and Textiles Ltd. The organisation was established in 1983 and is primarily based in Kolkata, India.

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Thirani Projects Key Financials

Market Cap ₹9 Cr.

Stock P/E 11.7

P/B 0.7

Current Price ₹4.3

Book Value ₹ 6.4

Face Value 10

52W High ₹7.4

Dividend Yield 0%

52W Low ₹ 3.1

Thirani Projects Share Price

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Volume
Price

Thirani Projects Quarterly Price

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Thirani Projects Peer Comparison

Thirani Projects Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Operating Revenue 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 7 0 0 0 0 0 0 0
Operating Profit 0 0 -7 0 0 0 0 0 0 0
Interest Expense 0 0 0 0 0 0 0 0 0 -0
Depreciation 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 -7 0 0 0 0 0 0 0
Provision for Tax 0 0 0 0 0 0 -0 0 0 0
Profit After Tax 0 0 -7 0 0 0 1 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 -7 0 0 0 1 0 0 0
Adjusted Earnings Per Share 0.1 0.1 -3.3 0 0 0.1 0.3 0.1 0 0.1

Thirani Projects Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Operating Revenue 1 2 4 3 1 1 1 1 1 1 1 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 1 2 4 3 1 1 1 1 1 1 1 0
Total Expenditure 1 1 3 2 1 1 1 1 1 7 0 0
Operating Profit 0 0 0 0 -0 -0 -0 0 -1 -6 0 0
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 -0 -0 -0 0 -1 -6 0 0
Provision for Tax 0 0 0 0 -0 0 0 0 0 0 -0 0
Profit After Tax 0 0 0 0 -0 -0 -0 0 -1 -6 1 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 -0 -0 -0 0 -1 -6 1 1
Adjusted Earnings Per Share 0 0 0 0.2 -0 -0 -0.1 0.1 -0.3 -3.2 0.4 0.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 16% 17% 22% NA%
ROE Average 6% -13% -8% -3%
ROCE Average 3% -14% -8% -3%

Thirani Projects Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 20 21 21 21 20 20 20 19 19 12 12
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Current Liability 0 0 0 0 0 0 0 0 0 2 2
Other Liabilities & Provisions -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Total Liabilities 21 21 21 21 20 20 20 19 20 13 14
Loans 0 0 0 0 0 0 0 0 0 0 0
Investments 7 6 5 5 9 9 9 8 8 1 1
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Loans 0 6 14 15 9 11 10 8 10 11 11
Other Non Current Assets 0 0 0 0 0 0 0 0 0 0 0
Current Assets 14 9 2 1 2 0 1 3 1 1 1
Total Assets 21 21 21 21 20 20 20 19 20 13 14

Thirani Projects Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 1 1 0 1 3 1 1
Cash Flow from Operating Activities -12 -1 -1 -0 -6 0 -0 2 -2 -0 -0
Cash Flow from Investing Activities 12 1 1 1 6 -1 1 0 0 0 0
Cash Flow from Financing Activities -0 0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 0 0 -0 0 0 -1 1 2 -2 0 -0
Closing Cash & Cash Equivalent 0 0 0 1 1 0 1 3 1 1 1

Thirani Projects Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0 0.16 -0 -0.03 -0.09 0.07 -0.34 -3.16 0.37
CEPS(Rs) 0.14 0.14 0.06 0.16 -0 -0.03 -0.09 0.07 -0.34 -3.16 0.37
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 0 0 0 10.48 9.71 9.69 9.76 9.3 9.54 5.8 6.17
Net Profit Margin 20.34 17.77 3.07 12.47 -0.33 -6.86 -19.76 17.14 -87.91 -769.71 87.66
Operating Margin 35.49 26.07 4.38 16.8 -0.8 -6.85 -19.68 17.95 -87.9 -769.69 48.87
PBT Margin 35.47 26.05 4.37 16.79 -0.8 -6.86 -19.76 17.95 -87.91 -769.71 48.11
ROA(%) 1.36 1.34 0.54 1.58 -0.02 -0.33 -0.88 0.73 -3.56 -38.91 5.56
ROE(%) 1.37 1.35 0.54 1.58 -0.02 -0.33 -0.89 0.74 -3.59 -41.13 6.18
ROCE(%) 2.39 1.98 0.77 2.13 -0.05 -0.33 -0.88 0.77 -3.59 -41.13 3.45
Price/Earnings(x) 0 0 0 214.65 0 0 0 47.37 0 0 10.01
Price/Book(x) 0 0 0 3.37 0.14 0.02 0.18 0.36 0.22 0.64 0.6
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 14.6 12.64 5.42 26.52 1.38 0.29 3.19 4.85 4.7 8.12 8.05
EV/Core EBITDA(x) 40.92 48.36 123.52 157.86 -173.49 -4.22 -16.22 27.03 -5.35 -1.05 16.46
Interest Earned Growth(%) 1021.29 14.5 133.31 -27.04 -47.28 -32.76 -6.88 -5.9 -6.22 6.58 2.88
Net Profit Growth 848.99 0.04 -59.75 196.83 -101.38 -1315.23 -168.34 181.62 -580.93 -833.21 111.72
EPS Growth(%) 0 0 0 0 -101.38 -1315.23 -168.23 181.65 -580.94 -833.22 111.72
Interest Coverage(x) % 1866.76 1781.45 622.83 5037.41 -316.9 -1543.79 -247.71 0 0 0 64.26

Thirani Projects Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 20.14 20.14 20.14 20.14 20.14 20.14 20.14 0 0 0
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 79.86 79.86 79.86 79.86 79.86 79.86 79.86 100 100 100
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Thirani Projects News

Thirani Projects Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of -13% over the last 3 years.
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