Thirani Projects Ltd Stock Price Today (NSE: TPROJECT)
Fundamental Score
Thirani Projects Ltd Share Price Live NSE/BSE & Institutional Fundamental Analysis
Thirani Projects Ltd share price today is ₹4.32, up +0.00% on NSE/BSE as of 17 February 2026. Thirani Projects Ltd (TPROJECT) is a Small-cap company in the Non Banking Financial Company (NBFC) sector with a market capitalisation of ₹8.88 (Cr). The 52-week high for TPROJECT share price is ₹N/A and the 52-week low is ₹N/A. At a P/E ratio of 10.09x, TPROJECT is currently trading below its industry average P/E of 22.03x. The company has a Return on Equity (ROE) of 6.21% and a debt-to-equity ratio of 0.13.
Thirani Projects Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Thirani Projects Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Thirani Projects Share Price Analysis: A ROCE Efficiency Perspective
A crucial, yet often overlooked, trend within the Non-Banking Financial Company (NBFC) sector is the increasing importance of Return on Capital Employed (ROCE) as a key indicator of sustainable profitability. While loan book growth often grabs headlines, efficient capital allocation, reflected in a strong ROCE, is what truly separates long-term winners from those susceptible to economic downturns. This analysis examines the current valuation of Thirani Projects share price, focusing specifically on its ROCE relative to its peers, as part of a comprehensive fundamental audit.
Currently, Thirani Projects share price sits at ₹4.3, with a Price-to-Earnings (PE) ratio of 10.09. However, the company's ROCE stands at 3.48%. This figure is a critical point of evaluation. ROCE measures how efficiently a company utilizes its capital to generate profits. A low ROCE suggests that the company may not be effectively deploying its resources, potentially limiting its long-term growth potential. The crucial importance of ROCE highlights a key value-investing perspective that is useful to consider when assessing companies.
When compared to its sector peers, such as
Apollo Finvest, the implications of Thirani Projects' ROCE become clearer. While we are unable to access proprietary data on Apollo Finvest in this analysis, fundamentally, a marked difference in ROCE between companies can highlight differences in management quality. A company such as Apollo Finvest that is outperforming the market likely has much more well established business practices. A low ROCE potentially indicates concerns surrounding capital allocation decisions, operational efficiency, or the quality of the loan book. This may also be viewed through the lens of the management's strategic decision-making effectiveness.The relatively low ROCE of 3.48% also impacts Thirani Projects' moat – its ability to maintain a competitive advantage. A higher ROCE would suggest a stronger ability to reinvest profits, attract new capital, and weather competitive pressures. A lower ROCE limits this ability, potentially making the company more vulnerable to external shocks and reducing its capacity for sustained growth. The moat is therefore diminished.
This financial analysis, focusing on ROCE efficiency and Thirani Projects share price, is part of an 80-parameter fundamental audit verified by Sweta Mishra. The purpose is to provide a factual, observation-based assessment of the company's financial health without offering any specific investment recommendations. Further in-depth analysis is advised.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Thirani Projects Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of TPROJECT across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Attractive Valuation (P/E: 10.09 vs Industry: 22.03)
Observation: Trading at discount to industry peers.
Analysis: P/E below industry average may present value opportunity.
Robust Profit Growth (33.33%)
Observation: Strong year-over-year profit expansion demonstrates business momentum.
Analysis: Profit growth >20% indicates effective execution and market opportunity capture.
Strong Revenue Growth (30.00%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Excellent EPS Growth (70.72% CAGR)
Observation: Outstanding 5-year earnings per share compound growth.
Analysis: EPS CAGR >15% indicates strong wealth creation potential.
Strong Profit Growth Track Record (70.72% CAGR)
Observation: Consistent 5-year profit compound annual growth rate.
Analysis: Profit CAGR >15% demonstrates scalable business model.
Conservative Debt Levels (D/E: 0.13)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (7.88x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
7 factors identified
Below-Average Return on Equity (6.21%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (3.48%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (-158.95%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Limited Growth History (-2.20% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Negative Free Cash Flow (₹-0.45 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Low Promoter Commitment (0.00%)
Observation: Reduced promoter stake may indicate limited confidence.
Analysis: Low promoter holding may raise questions about management commitment.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Thirani Projects Ltd Financial Statements
Comprehensive financial data for Thirani Projects Ltd including income statement, balance sheet and cash flow
About TPROJECT (Thirani Projects Ltd)
Thirani Projects Ltd (TPROJECT) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) of India. The company operates in the Non Banking Financial Company (NBFC) sector with a current market capitalisation of ₹8.88 (Cr). Thirani Projects Ltd has delivered a Return on Equity (ROE) of 6.21% and a ROCE of 3.48%. The debt-to-equity ratio stands at 0.13, reflecting the company's capital structure. Investors tracking TPROJECT share price can monitor key metrics including P/E ratio, promoter holding of 0.00%, and quarterly earnings growth.
Company Details
Key Leadership
TPROJECT Share Price: Frequently Asked Questions
What is the current share price of Thirani Projects Ltd (TPROJECT)?
As of 17 Feb 2026, 10:25 am IST, Thirani Projects Ltd share price is ₹4.32. The TPROJECT stock has a market capitalisation of ₹8.88 (Cr) on NSE/BSE.
Is TPROJECT share price Overvalued or Undervalued?
TPROJECT share price is currently trading at a P/E ratio of 10.09x, compared to the industry average of 22.03x. Based on this relative valuation, the Thirani Projects Ltd stock appears to be Undervalued against its sector peers.
What is the 52-week high and low of TPROJECT share price?
The 52-week high of TPROJECT share price is ₹N/A and the 52-week low is ₹N/A.
What factors affect the Thirani Projects Ltd share price?
Key factors influencing TPROJECT share price include quarterly earnings growth (Sales Growth: 30.00%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Thirani Projects Ltd a good stock for long-term investment?
Thirani Projects Ltd shows a 5-year Profit Growth of 70.72% and an ROE of 6.21%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.13 before investing in TPROJECT shares.
How does Thirani Projects Ltd compare with its industry peers?
Thirani Projects Ltd competes with major peers in the Non Banking Financial Company (NBFC). Investors should compare TPROJECT share price P/E of 10.09x and ROE of 6.21% against the industry averages to determine competitive standing.
What is the P/E ratio of TPROJECT and what does it mean?
TPROJECT share price has a P/E ratio of 10.09x compared to the industry average of 22.03x. Investors pay ₹10 for every ₹1 of annual earnings.
How is TPROJECT performing according to Bull Run's analysis?
TPROJECT has a Bull Run fundamental score of 26.6/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does TPROJECT belong to?
TPROJECT operates in the Non Banking Financial Company (NBFC) industry. This classification helps understand the competitive landscape and sector-specific trends affecting Thirani Projects Ltd share price.
What is Return on Equity (ROE) and why is it important for TPROJECT?
TPROJECT has an ROE of 6.21%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Thirani Projects Ltd generates profits from shareholders capital.
How is TPROJECT debt-to-equity ratio and what does it indicate?
TPROJECT has a debt-to-equity ratio of 0.13, which indicates conservative financing with low financial risk.
What is TPROJECT dividend yield and is it a good dividend stock?
TPROJECT offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Thirani Projects Ltd shares.
How has TPROJECT share price grown over the past 5 years?
TPROJECT has achieved 5-year growth rates of: Sales Growth -2.20%, Profit Growth 70.72%, and EPS Growth 70.72%.
What is the promoter holding in TPROJECT and why does it matter?
Promoters hold 0.00% of TPROJECT shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Thirani Projects Ltd.
What is TPROJECT market capitalisation category?
TPROJECT has a market capitalisation of ₹9 crores, placing it in the Small-cap category.
How volatile is TPROJECT stock?
TPROJECT has a beta of N/A. A beta > 1 suggests the Thirani Projects Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is TPROJECT operating profit margin trend?
TPROJECT has a 5-year average Operating Profit Margin (OPM) of -158.95%, indicating the company's operational efficiency.
How is TPROJECT quarterly performance?
Recent quarterly performance shows Thirani Projects Ltd YoY Sales Growth of 30.00% and YoY Profit Growth of 33.33%.
What is the institutional holding pattern in TPROJECT?
TPROJECT has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Thirani Projects Ltd stock.