As of 6 Nov 2026, Thirani Projects is loss-making on a trailing 12-month basis, so it has no P/E ratio. The share price is ₹2.65, 50% below its 52-week high. It is a small-cap company with a market cap of ₹5.36 Cr, ranked 187th of 193 Credit Services companies by market cap; the shares fell 43% over the past year.
- ₹2.70
- ₹2.70
- ₹2.65
- ₹2.74
- 86
Health check
- ReturnsBehind
−42.6% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityWeak
ROE 3.7% vs peer median 18.7%.
- Balance sheetn/a
Asset quality (bad loans) isn’t in our data.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5.36 Cr
- Small cap
- P/E
- n/a
- Industry 15.5
- Price to book
- n/a
- Peers 2.62
- Dividend yield
- 0.00%
- ROE
- 3.7%
- Peers 18.7%
- ROCE
- n/m
- Not meaningful for lenders
- Debt to equity
- n/m
- Not meaningful for lenders
- EPS (TTM)
- −₹1.21
- OPM (TTM)
- 0.0%
- Net margin 0.0%
- Sales growth
- n/m
- Not meaningful for lenders
- Profit growth
- −1724.6%
- Latest quarter vs a year ago
- Price to sales
- 5.27
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at 3.7%.
- Quarterly profit down 1724.6% on a year ago.
- 50% below its 52-week high.
About Thirani Projects
Thirani Projects Limited, a non-banking financial company, engages in the investment and finance businesses in India. The company offers short and long-term loans. It also provides long and short-term investments in quoted and unquoted shares. The company was incorporated in 1983 and is based in Kolkata, India.
- Headquarters
- Kolkata
- Sector
- Financial Services
- ISIN
- INE901C01017
- Website
- thiraniprojects.com
Price range
- Avg volume (3M)
- 6.2K
- 1-year return
- minus 42.6%
- From 52-week high
- minus 50.0%
Peers · Credit Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCEBajaj Finance | 1,087.75 | plus 1.66% | 6,77,005 | 31.3 | 5.49 | 19.0% | 3.8% | 18.2% | 0.50% | plus 1.2% |
| SHRIRAMFINShriram Finance | 961.15 | minus 0.30% | 2,26,167 | 16.0 | 2.03 | 14.8% | 3.9% | 18.6% | 1.80% | plus 21.0% |
| CHOLAFINCholamandalam Investment and Finance Company | 1,785.00 | plus 1.42% | 1,53,103 | 24.5 | 4.41 | 20.6% | 2.6% | 25.2% | 0.11% | plus 0.8% |
| TATACAPTata Capital | 358.05 | plus 2.93% | 1,50,979 | 25.4 | 3.10 | 14.1% | 2.2% | – | 0.16% | plus 5.6% |
| MUTHOOTFINMuthoot Finance | 2,869.00 | plus 1.06% | 1,15,181 | 9.4 | 2.62 | 31.6% | 6.3% | 43.1% | 1.05% | minus 11.0% |
| PFCPower Finance Corporation | 328.80 | minus 0.18% | 1,08,507 | 4.1 | 0.74 | 18.7% | 2.7% | 17.7% | 4.99% | minus 16.9% |
| IRFCIndian Railway Finance Corporation | 80.43 | plus 0.37% | 1,05,110 | 14.3 | 1.73 | 12.6% | 1.4% | 4.4% | 2.74% | minus 34.4% |
| TPROJECTThirani Projects | 2.65 | minus 3.28% | 5 | – | – | 3.7% | – | – | 0.00% | minus 42.6% |
| Median of 7 peers | – | 1.06% | 1,50,979 | 16.0 | 2.62 | 18.7% | 2.7% | 18.4% | 1.05% | 0.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 0.2 | 0.3 | 0.3 | 0.3 | −2.6 | |
| 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | |
| 0.2 | 0.1 | 0.2 | 0.2 | −2.7 | |
| 76.4% | 30.0% | 62.4% | 74.0% | 105.2% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.2 | 0.1 | 0.2 | 0.2 | −2.7 | |
| – | – | – | 74.9% | – | |
| 0.2 | 0.1 | 0.2 | 0.1 | −2.7 | |
| 0.08 | 0.04 | 0.08 | 0.03 | -1.36 |
Profit & loss
- ROE
- 3.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | −4.6 | 0.9 | 1 | |
| – | minus 695.7% | – | +19.3% | |
| 1.5 | 1.7 | 0.4 | 0.4 | |
| −0.7 | −6.4 | 0.4 | 0.6 | |
| −88.9% | 137.8% | 48.5% | 60.5% | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| – | 0 | – | 0 | |
| −0.7 | −6.4 | 0.4 | 0.7 | |
| – | – | −82.2% | 28.3% | |
| −0.7 | −6.4 | 0.7 | 0.5 | |
| -0.34 | -3.16 | 0.37 | 0.23 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 20.2 | 20.2 | 20.2 | 20.2 | |
| −0.9 | −8.5 | −7.7 | −7.3 | |
| – | – | – | 1.1 | |
| 0.2 | 1.5 | 1.5 | 1.5 | |
| 19.5 | 13.2 | 14 | 15.5 | |
| 0 | 0 | 0 | 0 | |
| 8.8 | 2 | 1.9 | 1.6 | |
| 10.7 | 11.3 | 12.1 | 13.9 | |
| 19.5 | 13.2 | 14 | 15.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −2.2 | −0.2 | −0.1 | −0.2 | |
| 0 | 0.3 | – | – | |
| −2.1 | 0.2 | −0.1 | −0.2 | |
| −2.2 | −0.2 | −0.1 | −0.2 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 7.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.