Thirani Projects Ltd Stock Price Today (NSE: TPROJECT)

Thirani Projects Ltd

4.150.03 (0.72%)
Market Open

Fundamental Score

...

Thirani Projects Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Thirani Projects Ltd share price today is 4.15, down 0.72% on NSE/BSE as of 19 June 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 7.44 and the 52-week low is 3.35. 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

No data
High
4.97
Low
3.82
Volume
9.4K
Change
-0.24%

Thirani Projects Ltd share price chart: -0.24% return over the past month. 52-week high ₹7.44, 52-week low ₹3.35.

Thirani Projects Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
4.004.154.004.15202.00 (Cr)
3.954.183.954.18511.00 (Cr)
4.394.394.104.181.18K (Cr)
4.304.304.054.192.91K (Cr)
4.304.304.304.3020.00 (Cr)
4.224.474.224.304.07K (Cr)
4.274.274.194.19525.00 (Cr)
4.054.294.054.2915.73K (Cr)
4.064.304.014.0158.14K (Cr)
4.114.113.984.0625.39K (Cr)

Thirani Projects Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
3.954.183.954.15+5.06%
4.354.973.824.18-3.91%
4.004.803.634.35+8.75%
4.194.983.423.83-8.59%
4.595.133.624.15-9.59%
4.685.303.844.03-13.89%
4.304.783.794.66+8.37%
4.865.094.454.51-7.20%
6.126.124.654.84-20.92%
4.327.443.866.44+49.07%
4.324.323.924.13-4.40%
6.827.163.934.40-35.48%

AI Research Briefing

Powered by Gemini · 2026-04-09

Micro-cap NBFC with zero promoter holding, negative free cash flow, and brutal volatility makes this a likely wipeout.

Research Confidence
4.0/10Low
MICRO-CAP DARK HORSEConsolidation. 1M: -9.3%, 3M: 7.07%, 6M: 11.14%Cheap based on P/E (10.09x) compared to industry P/E (22.03x), but concerning given the company's fundamentals.

WHAT'S HAPPENING NOW (last 2-4 weeks)

No major catalysts found after live search. Thirani Projects' share price was Recent news primarily relates to routine announcements such as closure of trading windows.

CORE STORY (THE REAL GAME)

Thirani Projects is a micro-cap NBFC attempting to play the high-growth lending game. The market appears to be pricing in a turnaround story, banking on the company's ability to scale its lending operations and improve profitability.

Why Now
  • Low valuation relative to industry P/E
  • YoY profit growth in the latest quarter
  • Positive sentiment in the NBFC sector
Potential Catalysts
  • Significant order wins in lending business
  • Consistent earnings beats
  • Increase in promoter holding
Key Risks
  • Micro/SME cap exposes it to extreme liquidity risk
  • Zero promoter holding raises governance concerns
  • Negative free cash flow indicates poor cash management
Institutional Activity

Promoter holding is 0.0% with a decrease of 20.14%. FII and DII holdings are negligible.

Macro Context

RBI's projection of 6.9% GDP growth provides a tailwind for NBFCs, but rising inflation risks pose a threat.

Cash Flow Quality

No, Free Cash Flow 5Y: ₹-0.45 Cr

3–6 Month Outlook

If Thirani can execute, the stock could run. But the odds are stacked against it, and the downside is substantial.

Primary Thesis Risk

Zero promoter holding and negative free cash flow make this a potential value trap.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

6.21%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

3.48%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

-158.95%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Thirani Projects Ltd Valuation Check

Excellent

Price to Earnings (P/E)

10.09x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

22.03x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Poor

Promoter Holding

0.00%

% shares held by company founders/management

Poor

FII Holding

0.00%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

33.33%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

30.00%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

-2.20%

Compounded annual revenue growth over 5 years

Excellent

EPS Growth (5-Year CAGR)

70.72%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

70.72%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.13x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

7.88x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-0.45 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

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 vs Non Banking Financial Company (NBFC) Peers

Peer Comparison - Non Banking Financial Company (NBFC)

Compare Thirani Projects Ltd with 10 other companies in the same sector

11 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
26.6/100
4
₹8.88
10.1
Average
6.21%
Poor
3.48%
Poor
0.1
Excellent
70.72%
Excellent
-2.20%
Poor
0.00%
61.2/100
931
₹635285.77
34.7
Average
19.22%
Good
11.35%
Average
3.9
Poor
25.91%
Excellent
21.46%
Excellent
0.43%
48.1/100
963
₹160454.76
18.3
Average
15.57%
Good
10.95%
Average
3.9
Poor
26.73%
Excellent
21.55%
Excellent
1.16%
58.9/100
3307
₹153050.66
21.0
Average
19.58%
Good
13.19%
Average
3.8
Poor
11.18%
Good
15.86%
Excellent
0.68%
62.5/100
1553
₹145498.76
31.3
Average
19.71%
Good
10.34%
Average
7.2
Poor
32.25%
Excellent
24.29%
Excellent
0.12%
38.2/100
625
₹83417.35
43.5
Average
14.82%
Average
10.40%
Average
3.3
Poor
9.01%
Good
14.26%
Good
0.29%
35/100
282
₹77417.35
28.7
Average
10.79%
Average
8.71%
Poor
3.7
Poor
9.23%
Good
2.46%
Average
0.89%
25.3/100
674
₹63088.80
29.3
Average
14.72%
Average
9.79%
Poor
4.7
Poor
0.26%
36.5/100
4355
₹52888.17
26.8
Average
15.27%
Good
9.64%
Poor
4.3
Poor
18.93%
Excellent
12.58%
Good
0.74%
58/100
497
₹44785.81
11.2
Average
34.14%
Excellent
30.85%
Excellent
0.2
Excellent
208.59%
Excellent
0.04%
35.4/100
395
₹39398.34
180.8
Average
-1.28%
Poor
4.77%
Poor
3.6
Poor
10.76%
Good
0.00%

Thirani Projects Ltd Quarterly Performance

Latest quarterly metrics for TPROJECT — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

30.00%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

33.33%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

-2.20%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

70.72%

Compounded annual net profit growth over 5 years

Thirani Projects Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for TPROJECT — calculated from daily price history

41RSI 14
Neutral — RSI 41

Momentum is balanced — neither overbought nor oversold.

SMA 50
4
▼ Price below SMA 50 — Short-term bearish
SMA 200
4
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
8K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Thirani Projects Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Thirani Projects Ltd (TPROJECT) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Thirani Projects Ltd

About TPROJECT (Thirani Projects Ltd)

Thirani Projects Ltd is a Non-Banking Financial Company (NBFC) deeply rooted in the Indian financial landscape. With a legacy spanning several decades, the company has carved a nic...he for itself by focusing on strategic investments and financial solutions tailored to diverse needs. From its base of operations, Thirani Projects Ltd diligently navigates the complexities of the Indian market, identifying opportunities for growth and delivering value to its stakeholders. The company's commitment extends to fostering financial stability and supporting economic development through its core business activities, maintaining a strong presence in the nation's evolving financial sector. The cornerstone of Thirani Projects Ltd’s operations is the provision of comprehensive financial services, encompassing both lending and investment strategies. Short-term and long-term loans form a significant part of their portfolio, catering to businesses and individuals seeking capital for various purposes. Furthermore, the company actively participates in the equities market, making investments in both listed and unlisted shares. This dual approach allows Thirani Projects Ltd to diversify its risk and capitalize on opportunities across different asset classes, adapting to market dynamics and maintaining a robust financial position within the competitive NBFC sector. Established with a vision for growth and financial empowerment, Thirani Projects Ltd stands as a testament to enduring business principles and proactive adaptation. From its headquarters, the company orchestrates a range of financial endeavors, carefully balancing risk management with strategic investment decisions. With its long history, Thirani Projects Ltd continues to uphold its commitment to delivering value and financial solutions, solidifying its standing as a key player within India’s financial services industry and looking forward to contribute to future economic development.

Company Details

Symbol:TPROJECT
Industry:Non Banking Financial Company (NBFC)
Sector:Non Banking Financial Company (NBFC)

Key Leadership

Mr. Utpal Dey
Chairman of the Board, CEO & MD
Mr. Vijay Kumar Ojha
CFO & Whole-Time Director
Mr. Yogesh Sharma
Company Secretary & Compliance Officer

TPROJECT Share Price: Frequently Asked Questions

What is the current share price of Thirani Projects Ltd?

Thirani Projects Ltd (TPROJECT) trades at ₹4.15 on NSE and BSE. Market cap ₹8.88 (Cr). Educational data only.

What is the P/E ratio of Thirani Projects Ltd?

Thirani Projects Ltd has a P/E of 10.09x vs industry average 22.03x.

What is the Bull Run score for Thirani Projects Ltd?

Thirani Projects Ltd has a Bull Run score of 26.6/100 based on 25+ financial parameters.

Does Thirani Projects Ltd pay dividends?

Thirani Projects Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Thirani Projects Ltd?

Thirani Projects Ltd has ROE of 6.21%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Thirani Projects Ltd?

Thirani Projects Ltd has debt-to-equity of 0.13.

Is Thirani Projects Ltd a good investment?

Bull Run gives Thirani Projects Ltd a score of 26.6/100. This is not investment advice — consult a SEBI-registered advisor.