Thakkers Developers Ltd
Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]
- Market Cap ₹ 91.6 Cr.
- Current Price ₹ 102
- High / Low ₹ 223 / 101
- Stock P/E 8.30
- Book Value ₹ 170
- Dividend Yield 0.00 %
- ROCE 5.49 %
- ROE 4.41 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.60 times its book value
- Company is expected to give good quarter
Cons
- The company has delivered a poor sales growth of 8.62% over past five years.
- Company has a low return on equity of 5.05% over last 3 years.
- Earnings include an other income of Rs.6.32 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57 | 51 | 32 | 42 | 28 | 18 | 21 | 28 | 55 | 58 | 31 | 32 | 36 | |
| 37 | 24 | 21 | 18 | 25 | 15 | 16 | 17 | 21 | 37 | 30 | 26 | 28 | |
| Operating Profit | 19 | 27 | 11 | 24 | 3 | 4 | 5 | 10 | 34 | 20 | 1 | 6 | 9 |
| OPM % | 34% | 54% | 35% | 57% | 10% | 20% | 22% | 38% | 62% | 35% | 2% | 19% | 24% |
| 2 | 0 | 0 | 0 | 4 | 1 | 7 | 4 | 2 | 1 | 1 | 5 | 6 | |
| Interest | 3 | 11 | 7 | 5 | 3 | 2 | 2 | 1 | 0 | 0 | 1 | 2 | 1 |
| Depreciation | 0 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 19 | 15 | 4 | 18 | 2 | 1 | 8 | 13 | 35 | 20 | -2 | 8 | 12 |
| Tax % | 36% | 37% | 36% | 25% | 84% | -49% | 11% | 15% | 4% | 18% | -46% | 16% | |
| 12 | 9 | 2 | 14 | 0 | 1 | 7 | 11 | 34 | 16 | -1 | 6 | 11 | |
| EPS in Rs | 13.39 | 10.39 | 2.50 | 15.18 | 0.39 | 1.24 | 8.23 | 12.70 | 37.72 | 17.94 | -1.06 | 7.20 | 12.18 |
| Dividend Payout % | 9% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 9% |
| 3 Years: | -17% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -3% |
| 3 Years: | -42% |
| TTM: | 2526% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 4% |
| 3 Years: | -9% |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 11% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 19 | 50 | 53 | 66 | 67 | 68 | 75 | 86 | 120 | 136 | 135 | 142 | 144 |
| 25 | 55 | 45 | 30 | 31 | 32 | 27 | 3 | 15 | 22 | 31 | 20 | 16 | |
| 92 | 112 | 121 | 111 | 92 | 79 | 68 | 78 | 76 | 60 | 59 | 47 | 48 | |
| Total Liabilities | 144 | 226 | 228 | 217 | 198 | 188 | 180 | 176 | 220 | 228 | 234 | 218 | 217 |
| 2 | 5 | 4 | 14 | 18 | 17 | 14 | 13 | 14 | 15 | 14 | 15 | 14 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 4 | 4 | 11 | 5 | 6 | 7 | 4 | 16 | 9 | 30 | 4 | 6 |
| 141 | 217 | 220 | 191 | 175 | 165 | 158 | 160 | 191 | 204 | 190 | 198 | 197 | |
| Total Assets | 144 | 226 | 228 | 217 | 198 | 188 | 180 | 176 | 220 | 228 | 234 | 218 | 217 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 39 | 21 | 27 | -3 | 6 | 1 | 20 | -3 | -10 | 15 | -14 | |
| -2 | -1 | 0 | -5 | 1 | -1 | 0 | 5 | -12 | 5 | -22 | 27 | |
| 4 | -37 | -17 | -21 | 1 | 0 | -6 | -23 | 12 | 6 | 7 | -14 | |
| Net Cash Flow | 2 | 1 | 5 | 1 | -1 | 5 | -5 | 2 | -2 | 1 | 1 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 45 | 40 | 28 | 108 | 28 | 7 | 57 | 29 | 56 | 21 | 9 |
| Inventory Days | 4,139 | 5,332 | ||||||||||
| Days Payable | 43 | 53 | ||||||||||
| Cash Conversion Cycle | 38 | 45 | 40 | 28 | 108 | 28 | 7 | 57 | 29 | 4,152 | 5,300 | 9 |
| Working Capital Days | 299 | 193 | 718 | 694 | 1,070 | 1,599 | 1,459 | 1,226 | 603 | 658 | 1,177 | 1,096 |
| ROCE % | 46% | 9% | 22% | 5% | 3% | 9% | 13% | 29% | 13% | -0% | 5% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory - Finished Goods (Consolidated) INR Lakhs |
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| Inventory - Work In Progress (Consolidated) INR Lakhs |
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| Median Remuneration of Employees INR ・Standalone data |
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| Number of Permanent Employees Number ・Standalone data |
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Documents
Announcements
- The Unaudited Financial Results For The Quarter Ended December 2025 14 Feb
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Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held Today On February 14, 2026
14 Feb - Board approved unaudited standalone and consolidated Q3 (Dec 31,2025) results; limited review report issued Feb 14,2026.
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Board Meeting Intimation for Intimation Of The Board Meeting For The Quarter Ended December 31, 2025.
5 Feb - Board meeting Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading window closed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
3 Jan - Reg.74(5) certificate for quarter ended 31/12/2025; 100 shares dematerialised on 13/12/2025.
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Board Meeting Outcome for Regulation 33 Of The SEBI (LODR) Regulations, 2015 (LODR-2015) - Unaudited Standalone And Consolidated Financial Statements For The Quarter Ended 30Th September, 2025.
14 Nov 2025 - Unaudited standalone and consolidated H1 results; consolidated H1 revenue Rs1,897.59L, PBT Rs210.40L; approved 14 Nov 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2021
from web
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
Business Overview:[1]
TDL is a part of Thakkers Group. It is a construction and real estate enterprise in Nashik constructing residential, commercial, plots, retail, agricultural segment, etc.