Thinking Hats Entertainment Solutions (NSE:THESL) Operating Income: ₹18.9 Mil (TTM As of Mar. 2026)

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NSE:THESL Thinking Hats Entertainment Solutions Ltd NSE:THESL
16 GF Score
Price ₹18.10
! 7 Warning Signs
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What is Thinking Hats Entertainment Solutions Operating Income?

Thinking Hats Entertainment Solutions NSE:THESL -4.74% 16 Operating Income is ₹18.9 Mil as of Mar. 2026. GuruFocus rates NSE:THESL with a GF Score™ of 16/100. The stock has 7 warning signs investors should review.

Thinking Hats Entertainment Solutions's Operating Income for the six months ended in Mar. 2026 was ₹6.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹18.9 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Thinking Hats Entertainment Solutions's Operating Income for the six months ended in Mar. 2026 was ₹6.7 Mil. Thinking Hats Entertainment Solutions's Revenue for the six months ended in Mar. 2026 was ₹151.6 Mil. Therefore, Thinking Hats Entertainment Solutions's Operating Margin % for the quarter that ended in Mar. 2026 was 4.43%.

Thinking Hats Entertainment Solutions's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Thinking Hats Entertainment Solutions's annualized ROC % for the quarter that ended in Mar. 2026 was 2.98%. Thinking Hats Entertainment Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 36.13%.

Thinking Hats Entertainment Solutions  (NSE:THESL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Thinking Hats Entertainment Solutions's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=13.416 * ( 1 - 18.08% )/( (356.059 + 381.473)/ 2 )
=10.9903872/368.766
=2.98 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=458.736 - 25.811 - ( 78.358 - max(0, 140.895 - 217.761+78.358))
=356.059

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=476.467 - 30.885 - ( 64.765 - max(0, 162.231 - 226.34+64.765))
=381.473

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Thinking Hats Entertainment Solutions's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=20.932/( ( (19.238 + max(23.254, 0)) + (18.592 + max(54.784, 0)) )/ 2 )
=20.932/( ( 42.492 + 73.376 )/ 2 )
=20.932/57.934
=36.13 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.62 + 0 + 23.551) - (25.811 + 0 + 37.106)
=23.254

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(115.861 + 0 + 13.436) - (30.885 + 0 + 43.628)
=54.784

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Thinking Hats Entertainment Solutions's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=6.708/151.587
=4.43 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Thinking Hats Entertainment Solutions Operating Income Related Terms

Thinking Hats Entertainment Solutions Operating Income Historical Data

* Premium members only.

The historical data trend for Thinking Hats Entertainment Solutions's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thinking Hats Entertainment Solutions Operating Income Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
-3.67 28.21 48.86 50.34 18.00

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Operating Income Get a 7-Day Free Trial 0.00 33.53 33.53 12.18 6.71
NSE:THESL
16GF Score
Thinking Hats Entertainment Solutions Ltd NSE:THESL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Thinking Hats Entertainment Solutions Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹18.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹18.9 Mil mean?
Thinking Hats Entertainment Solutions (NSE:THESL) has a Operating Income of ₹18.9 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Thinking Hats Entertainment Solutions and its competitors.
Is Thinking Hats Entertainment Solutions' Operating Income too high?
Thinking Hats Entertainment Solutions' current Operating Income is ₹18.9 Mil. Overall, Thinking Hats Entertainment Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Thinking Hats Entertainment Solutions' Operating Income compare to APP and OMC?
Thinking Hats Entertainment Solutions' Operating Income of ₹18.9 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Media - Diversified company?
A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Thinking Hats Entertainment Solutions and its competitors. Thinking Hats Entertainment Solutions's current Operating Income is ₹18.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Hats Entertainment Solutions stock overvalued right now?
Thinking Hats Entertainment Solutions (NSE:THESL) has a current Operating Income of ₹18.9 Mil. The current Operating Income is ₹18.9 Mil. Thinking Hats Entertainment Solutions' overall GF Score™ is 16/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Thinking Hats Entertainment Solutions (NSE:THESL), the current Operating Income is ₹18.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Thinking Hats Entertainment Solutions Business Description

Address 5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.
16GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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