Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹83Cr
Rev Gr TTM
Revenue Growth TTM
10.28%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TOUCHWOOD
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 135.8 | -73.0 | 39.3 | 26.6 | -7.7 | 145.9 | 4.2 | 423.3 | 18.9 | 337.8 | 42.5 | -33.3 |
| 21 | 1 | 3 | 6 | 19 | 3 | 3 | 32 | 23 | 15 | 5 | 22 |
Operating Profit Operating ProfitCr |
| 7.6 | 15.3 | 29.0 | 19.6 | 7.8 | 12.7 | 16.7 | 12.8 | 7.2 | 10.3 | 13.8 | 10.7 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 0 | 1 | 1 | 2 | 0 | 0 | 4 | 2 | 2 | 1 | 2 |
| 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | -9.6 | -95.8 | 252.4 | 87.9 | 45.7 | 733.3 | -58.1 | 198.2 | -0.7 | 400.0 | 19.4 | -45.5 |
| 4.1 | 1.9 | 19.5 | 15.8 | 6.5 | 6.5 | 7.8 | 9.0 | 5.5 | 7.4 | 6.6 | 7.3 |
| 1.0 | 0.0 | 0.7 | 1.0 | 1.3 | 0.2 | 0.3 | 2.9 | 1.2 | 1.1 | 0.3 | 1.6 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 164.6 | 37.9 | -9.4 | 107.1 | 3.9 |
| 8 | 23 | 33 | 29 | 61 | 65 |
Operating Profit Operating ProfitCr |
| 20.2 | 12.4 | 9.9 | 13.0 | 11.0 | 9.6 |
Other Income Other IncomeCr | 0 | 0 | 1 | 1 | 0 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 |
| 1 | 3 | 4 | 4 | 7 | 6 |
| 0 | 1 | 1 | 1 | 2 | 2 |
|
| | 115.3 | 15.5 | 32.7 | 59.9 | -8.2 |
| 9.7 | 7.9 | 6.6 | 9.7 | 7.5 | 6.6 |
| 1.2 | 2.3 | 2.5 | 3.0 | 4.7 | 4.3 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 10 | 10 | 10 | 11 | 11 | 11 |
| 3 | 6 | 8 | 19 | 29 | 31 |
Current Liabilities Current LiabilitiesCr | 3 | 2 | 7 | 5 | 7 | 9 |
Non Current Liabilities Non Current LiabilitiesCr | 1 | 1 | 1 | 2 | 2 | 4 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 13 | 13 | 30 | 37 | 41 | 43 |
Non Current Assets Non Current AssetsCr | 5 | 5 | 4 | 6 | 9 | 13 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | 4 | 3 | -2 | 0 |
Investing Cash Flow Investing Cash FlowCr | -1 | -1 | 0 | -2 | -3 |
Financing Cash Flow Financing Cash FlowCr | 0 | 0 | 8 | 8 | -1 |
|
Free Cash Flow Free Cash FlowCr | 0 | 3 | 3 | -5 | -3 |
| 55.1 | 184.7 | 108.6 | -74.3 | -1.6 |
CFO To EBITDA CFO To EBITDA% | 26.6 | 117.7 | 72.9 | -55.6 | -1.1 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 117 | 99 | 162 | 150 | 86 |
Price To Earnings Price To Earnings | 119.2 | 47.0 | 65.6 | 46.3 | 16.5 |
Price To Sales Price To Sales | 11.6 | 3.7 | 4.4 | 4.5 | 1.3 |
Price To Book Price To Book | 8.6 | 6.3 | 8.9 | 5.0 | 2.1 |
| 55.5 | 27.9 | 39.2 | 29.0 | 8.6 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 95.6 |
| 20.2 | 12.4 | 9.9 | 13.0 | 11.0 |
| 9.7 | 7.9 | 6.6 | 9.7 | 7.5 |
| 10.4 | 19.0 | 19.8 | 14.2 | 17.4 |
| 7.3 | 13.5 | 13.5 | 10.7 | 12.9 |
| 5.5 | 11.4 | 7.2 | 7.5 | 10.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Touchwood Entertainment Limited is India’s first publicly listed event management company, incorporated in August 1997. Headquartered in New Delhi, the company has evolved from a PR firm into a diversified, end-to-end experiential solutions provider across weddings, corporate events, political campaigns, exhibitions, and digital innovation. With over **28 years of industry experience**, Touchwood has established itself as a **market leader in luxury wedding planning and large-scale event execution**, both in India and internationally.
The company is listed on the **National Stock Exchange (NSE)**, having migrated from the NSE SME platform in 2020, reflecting its maturity and scale.
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### **Core Business Segments & Service Offerings**
Touchwood operates a **diversified portfolio of services** across multiple verticals:
1. **Wedding & Social Events**:
- Bespoke, luxury, and destination weddings with full turnkey management.
- Specialized in immersive, story-driven experiences tailored to cultural rituals and client preferences.
- Services include venue curation, décor & theme design, guest management, timeline coordination, and entertainment curation.
2. **Corporate & Brand Events**:
- End-to-end management of product launches, conferences, roadshows, and BTL marketing.
- Exhibition stall design and execution via **Touchwood Exhibits**.
3. **Political Campaigns & Government Events**:
- On-ground political activations and election campaign management.
- Notably managed the **first international presidential election campaign by an Indian firm (Gabon, 2016)**.
4. **Entertainment & Experiential Services**:
- Live performances (Bollywood artists, bands, DJs), hologram technology, celebrity appearances, and interactive experiences.
- Custom entertainment concepts such as gaming at mehendi, star performances at sangeet, and curated event sequencing.
5. **Design & Decor**:
- In-house **design and production facility** supported by **skilled craftsmen and qualified designers**.
- Known for executing some of the **largest and most intricate décor projects in India and globally**.
---
### **Strategic Expansion into Digital & Tech-Driven Platforms**
Recognizing the shift toward digital transformation—especially post-pandemic—Touchwood has successfully transitioned from a **service-centric to a tech-centric business model**. This pivot is anchored in its **digital subsidiaries and proprietary IPs**:
#### **1. WedAdvisor Solutions Private Limited**
- **Founded**: January 14, 2022
- **Purpose**: A **digital marketplace** connecting wedding vendors across India with customers.
- **Key Features**:
- **Vendor Discovery**: Search and connect with over 20,000 verified vendors across 36 categories by location and specialty.
- **Expert Advisory**: Paid consultation packages (WA Packages and WA Pioneers) for budget-conscious customers.
- **The Wedding Space**: A centralized digital interface (web + mobile app) for wedding planning—enabling coordination of vendors, timelines, guest lists, and budgets.
- **Launch**: App launched on Google Play and iOS in late 2022; magazine launched in March 2023 featuring Hansika Motwani and Deeksha Khurana.
#### **2. MakeMeUp Private Limited**
- **Founded**: December 24, 2021
- **Purpose**: **India’s first integrated beauty and personal care ecosystem** connecting consumers, artists, brands, and experiences.
- **Core Verticals**:
- **MakeMeUp App & Website**: Direct-to-consumer platform for booking beauty services, purchasing products, and attending events.
- **MakeMeUp School of Makeup**: Offers 4 main courses (Professional, Bridal, Advanced, Self-Makeup) in New Delhi. 9 batches completed by 2025.
- **MakeMeUp Festival**: Annual 2-day event showcasing brands and talent (3rd edition held in 2023; 4th edition planned).
- **Web Series**: *"Put Your Game Face On"* – India’s first digital makeup reality show, distributed via **Disney+ Hotstar, MX Player, and Hungama Play**.
- **Beauty E-commerce**: Drop-ship model with **1,500+ products from 40+ Indian homegrown brands** as of 2023.
- **Digital Presence**: Android app has **10,000+ installs and 4.9-star rating** (Google Play Store).
#### **3. Other Digital Ventures**
- **Shosha**: India’s first dedicated footwear and accessory app—offering purchase, reselling, customization, repair, and home dry-cleaning services. Launched at The Great Indian Sneaker Festival (Dec 2022).
- **NailMeUp**: Upcoming B2C platform focused exclusively on nail art and care (planned launch).
These ventures reflect Touchwood’s ambition to become a **global aggregator for wedding and lifestyle services** and a **technology-led lifestyle company**.
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### **Key Intellectual Properties (IPs)**
Touchwood has strategically developed proprietary IPs to build brand equity and drive innovation:
- **VEDA**: Own event venue brand, operational in Jaipur and expanding nationally.
- **MakeMeUp**: Multi-vertical platform in beauty and wellness.
- **The Gourmet Fest**: Culinary event with significant award wins (7 awards at EEMAX Global 2024; multiple ICWF 2023 wins).
- **Touchwood Wedding School & Matchmakers Conclave**: Talent development and industry engagement platforms.
- **TouchStudio** (implied in partnership-driven ecosystem): Creative lab for event innovation.
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### **Operational Strengths**
- **Team**: 42 core professionals supported by in-house artisans and designers.
- **Production Capability**: Fully functional **in-house production facility** enhancing quality, originality, and cost efficiency.
- **Scalability Model**: Growth via **partnerships with associate firms** across India—avoiding capital-intensive expansions.
- **Agile & Data-Driven**: Uses **data analytics** to personalize event experiences and improve ROI.
- **Hybrid Event Expertise**: Strong presence in **virtual and hybrid events**, post-pandemic.
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### **Market Position & Clientele**
- **Clients**: Serves HNI individuals, global corporate brands (FMCG, real estate, media, manufacturing), and political entities.
- **Geographic Reach**: Domestic dominance with growing international footprint in weddings, entertainment, and political consultancy.
- **Brand Recognition**: Known for **innovation, professionalism, and flawless execution**.
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### **Growth Strategy (2024–2025)**
1. **Organic Growth**: New client acquisition and **geographic expansion** through partnerships.
2. **IP Development**: Continuous **refresh and creation of IPs** to drive brand distinctiveness.
3. **Digital Integration**: Embedding tech solutions across all services to enhance **consumer engagement and social visibility**.
4. **Global Expansion**: Exploring opportunities in international markets, especially for weddings and political consulting.
5. **Talent Development**: Addressing industry-wide skill shortages via **Touchwood Wedding School** and MakeMeUp School.
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### **Awards & Recognition**
- **Gourmet Fest 2024**: Won **7 awards at EEMAX Global 2024 (Kolkata)**.
- **MakeMeUp and Gourmet Fest (2023)**:
- 11 awards at **ICWF 2023**
- 7 awards at **EEMAX Global Awards 2023**
- Repeatedly ranked **#1 in customer satisfaction** among competitors.
---
### **Management & Leadership**
- **Founding**: Established in 1997 by **Mr. Manjit Singh** as a PR firm; expanded with **Mr. Vijay Arora** from 1999.
- **Key Executive**: **Mr. Shrey Khandelwal** (joined 2017), founder of Innocepts Studios at age 19, bringing strong creative and entrepreneurial leadership.
---
### **Challenges & Risks**
1. **Seasonal Demand**: Fluctuations due to wedding seasonality, though **political and corporate events provide year-round revenue balance**.
2. **Limited Global Reach**: International expansion constrained by local market knowledge and execution challenges.
3. **Regulatory Hurdles**: Complex approvals and legal compliance across events.
4. **Skilled Manpower Shortage**: Mitigated through **in-house training academies** (e.g., Touchwood Wedding School, MakeMeUp School).
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### **Financial & Strategic Milestones (Timeline Highlights)**
| Year | Key Milestone |
|------|---------------|
| 1997 | Founded as PR firm |
| 1999 | Expanded into college fests and corporate events |
| 2000 | Entered talent management |
| 2002 | Signed 10 Bollywood singers; became No.1 talent manager in India |
| 2008 | Launched full turnkey wedding management |
| 2011 | Expanded into décor and production |
| 2012 | Entered political activations; first listed event company on NSE SME |
| 2014–2015 | Started international destination weddings; launched **VEDA** |
| 2016 | Managed **President of Gabon’s re-election campaign** |
| 2017 | Launched IPs: **MakeMeUp** and **Gourmet Entertainment Show** |
| 2018–2019 | Scaled VEDA; became top agency for weddings & political events |
| 2020 | Migrated to **NSE main board**; launched Touchwood Wedding School, MakeMeUp web series |
| 2021 | Launched **WedAdvisor App**, **MakeMeUp App**, and **NailMeUp** in development |
| 2022 | Launched **Shosha App**; published first **WedAdvisor magazine** |
| 2023 | Hosted **3rd MakeMeUp Festival**; won multiple awards |
| 2024 | Celebrated **Gourmet Fest 2024** (7 awards); continued digital scaling |
| 2025 | Strategic roadmap active with focus on global IP expansion and tech integration |
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