# Thinking Hats (NSE: THESL) share price, financials and shareholding

Source: https://app.pivotnow.in/stock/THESL · Pivot · prices to 22 Oct 2026

Thinking Hats (NSE: THESL) closed at ₹10.95 on 22 Oct 2026, down 4.78% on the day. With a market capitalisation of ₹14 Cr, it ranks 3752nd by market cap among the 4,183 NSE companies Pivot tracks (a small-cap company by SEBI's rank bands). It belongs to the IT sector.

Its return on equity was 4.3% in FY26. Over the past year the share price has fallen 63.8%. Its 52-week range is ₹10.95 (22 Oct 2026) to ₹36.50 (27 Oct 2025); the last close is 70.0% below the high. Promoters held 56.79% of the company as of 31 Mar 2026.

## Key numbers

| Metric | Value |
| --- | --- |
| Last close | ₹10.95 |
| Market cap | ₹14 Cr |
| ROE | 4.3% (FY26) |
| ROCE | 7.6% (FY26) |
| Debt to equity | 0.37 |
| 52-week high | ₹36.50 (27 Oct 2025) |
| 52-week low | ₹10.95 (22 Oct 2026) |
| 1-year return | −63.8% |

## Annual results (₹ crore)

| Fiscal year | Revenue | Net profit |
| --- | --- | --- |
| FY26 | ₹24 Cr | ₹1 Cr |
| FY25 | ₹48 Cr | ₹4 Cr |
| FY24 | ₹27 Cr | ₹3 Cr |
| FY23 | ₹22 Cr | ₹2 Cr |
| FY22 | ₹12 Cr | ₹0 Cr |

## Shareholding (31 Mar 2026)

- Promoters: 56.79%
- Non-institutions: 43.21%

## Peers

| Company | Price | Market cap | P/E | ROE |
| --- | --- | --- | --- | --- |
| [Niks Technology](https://app.pivotnow.in/stock/NIKSTECH) | — | ₹15 Cr | — | — |
| [Hit Kit Global](https://app.pivotnow.in/stock/HITKITGLO) | — | ₹13 Cr | — | — |
| [Infronics Syst](https://app.pivotnow.in/stock/INFRONICS) | — | ₹13 Cr | — | — |
| [United Interact](https://app.pivotnow.in/stock/UNITEDINT) | — | ₹13 Cr | — | — |
| [PANABYTE TECH](https://app.pivotnow.in/stock/PANABYTE) | — | ₹13 Cr | — | — |
| [MT Educare](https://app.pivotnow.in/stock/MTEDUCARE) | ₹1.60 | ₹12 Cr | — | — |

## Questions and answers

### What is the share price of Thinking Hats today?

Thinking Hats (NSE: THESL) last closed at ₹10.95 on 22 Oct 2026. Its 52-week high is ₹36.50 and its 52-week low is ₹10.95.

### What is the market cap of Thinking Hats?

Thinking Hats' market capitalisation is ₹14 Cr (₹14 Cr) at the 22 Oct 2026 close, ranking 3752nd among the NSE companies Pivot tracks.

### What is the ROE and ROCE of Thinking Hats?

Return on equity was 4.3% in FY26 and return on capital employed was 7.6% in FY26 (standalone figures).

### Is Thinking Hats a debt-free company?

No. Thinking Hats' debt-to-equity ratio was 0.37 in FY26, with total debt of ₹2 Cr.

### How has Thinking Hats stock performed over the last year?

Thinking Hats' share price has fallen 63.8% over the past year, −16.4% over three months and −25.0% over one month, to the 22 Oct 2026 close.

### What is the shareholding pattern of Thinking Hats?

As of 31 Mar 2026: promoters 56.79%, non-institutions 43.21%.

### Who are Thinking Hats' competitors?

The listed IT companies closest to Thinking Hats by market cap are Niks Technology, Hit Kit Global, Infronics Syst, United Interact, PANABYTE TECH and MT Educare.

### Is Thinking Hats a good stock to buy?

Pivot does not give buy or sell recommendations. This page sets out Thinking Hats' price history, valuation, profitability, quarterly results and ownership so you can judge it yourself, and Pivot's chart lets you test a strategy on THESL against its own history before risking money. This is analysis, not financial advice.

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Sources: NSE end-of-day bars (Pivot's market data store); Company filings via Moneycontrol; Exchange shareholding-pattern filings. This is analysis, not financial advice. Pivot is not a broker or a SEBI-registered investment adviser.