Thakkers Developers Ltd

Thakkers Developers Ltd

₹ 102 -4.01%
20 Mar - close price
About

Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]

Key Points

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.

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
15.26 19.11 10.26 8.97 5.19 6.38 4.09 14.26 7.05 6.18 8.99 6.50 14.39
14.17 11.15 9.17 8.32 4.69 8.02 4.33 11.58 7.15 2.44 7.75 7.82 9.54
Operating Profit 1.09 7.96 1.09 0.65 0.50 -1.64 -0.24 2.68 -0.10 3.74 1.24 -1.32 4.85
OPM % 7.14% 41.65% 10.62% 7.25% 9.63% -25.71% -5.87% 18.79% -1.42% 60.52% 13.79% -20.31% 33.70%
0.24 0.92 0.17 0.20 0.37 0.58 0.83 1.07 1.26 2.04 0.82 2.64 0.82
Interest 0.08 0.25 0.25 0.22 0.34 0.57 0.49 0.43 0.47 0.34 0.18 0.20 0.20
Depreciation 0.43 0.56 0.52 0.58 0.61 0.60 0.43 0.44 0.45 0.45 0.44 0.46 0.49
Profit before tax 0.82 8.07 0.49 0.05 -0.08 -2.23 -0.33 2.88 0.24 4.99 1.44 0.66 4.98
Tax % 1.22% 43.00% 0.00% 0.00% -1,050.00% 1.35% 0.00% 0.00% 50.00% 23.25% 0.00% -1.52% -1.41%
0.81 4.61 0.49 0.05 0.77 -2.26 -0.33 2.88 0.13 3.82 1.44 0.66 5.05
EPS in Rs 0.90 5.12 0.54 0.06 0.86 -2.51 -0.37 3.20 0.14 4.24 1.60 0.73 5.61
Raw PDF

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
Median Remuneration of Employees
INR ・Standalone data
Number of Permanent Employees
Number ・Standalone data

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31%
28.68% 28.69% 28.69% 28.69% 28.69% 28.70% 28.69% 28.69% 28.68% 28.68% 28.68% 28.68%
No. of Shareholders 1,3111,3131,3371,3271,4651,3871,3181,3761,3511,3991,4171,382

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