Thakkers Developers Ltd

Thakkers Developers Ltd

₹ 184 2.39%
19 Jun 10:22 a.m.
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 166 Cr.
  • Current Price 184
  • High / Low 275 / 118
  • Stock P/E
  • Book Value 161
  • Dividend Yield 0.00 %
  • ROCE -0.23 %
  • ROE -0.66 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.12 times its book value
  • Debtor days have improved from 35.4 to 21.1 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.8% over past five years.
  • Company has a low return on equity of 12.5% over last 3 years.
  • Earnings include an other income of Rs.1.31 Cr.
  • Working capital days have increased from 994 days to 1,670 days

* 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

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
7.15 1.71 29.10 6.82 17.85 9.05 14.33 15.26 19.11 10.26 8.97 5.19 6.38
6.75 1.51 3.14 5.45 11.29 4.54 7.54 14.17 11.15 9.17 8.32 4.69 8.02
Operating Profit 0.40 0.20 25.96 1.37 6.56 4.51 6.79 1.09 7.96 1.09 0.65 0.50 -1.64
OPM % 5.59% 11.70% 89.21% 20.09% 36.75% 49.83% 47.38% 7.14% 41.65% 10.62% 7.25% 9.63% -25.71%
3.64 0.37 0.08 0.06 1.95 0.10 0.09 0.24 0.92 0.17 0.20 0.37 0.58
Interest 0.07 0.01 0.02 0.01 0.10 0.01 0.01 0.08 0.25 0.25 0.22 0.34 0.57
Depreciation 0.17 0.10 0.20 0.29 0.39 0.33 0.34 0.43 0.56 0.52 0.58 0.61 0.60
Profit before tax 3.80 0.46 25.82 1.13 8.02 4.27 6.53 0.82 8.07 0.49 0.05 -0.08 -2.23
Tax % 51.32% 10.87% 0.00% 35.40% 12.97% 1.64% 0.00% 1.22% 43.00% 0.00% 0.00% 1,050.00% -1.35%
1.85 0.41 25.82 0.73 6.99 4.20 6.53 0.81 4.61 0.49 0.05 0.77 -2.26
EPS in Rs 2.06 0.46 28.69 0.81 7.77 4.67 7.26 0.90 5.12 0.54 0.06 0.86 -2.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36.83 56.67 50.89 32.14 41.68 28.09 18.41 20.89 27.60 55.48 57.76 30.81
26.84 37.30 23.54 21.01 17.78 25.40 14.69 16.29 17.23 21.36 37.40 30.20
Operating Profit 9.99 19.37 27.35 11.13 23.90 2.69 3.72 4.60 10.37 34.12 20.36 0.61
OPM % 27.12% 34.18% 53.74% 34.63% 57.34% 9.58% 20.21% 22.02% 37.57% 61.50% 35.25% 1.98%
0.49 2.29 0.19 0.25 0.13 4.13 0.95 6.63 4.28 2.46 1.35 1.31
Interest 2.55 2.55 11.19 6.63 4.76 2.89 2.37 1.70 0.54 0.16 0.36 1.37
Depreciation 0.09 0.25 1.53 1.21 1.16 1.76 1.55 1.16 0.73 0.97 1.66 2.31
Profit before tax 7.84 18.86 14.82 3.54 18.11 2.17 0.75 8.37 13.38 35.45 19.69 -1.76
Tax % 34.44% 36.11% 36.84% 36.44% 24.57% 83.87% -49.33% 11.47% 14.57% 4.20% 18.03% 46.02%
5.14 12.05 9.35 2.25 13.66 0.35 1.12 7.41 11.43 33.95 16.15 -0.95
EPS in Rs 4.07 13.39 10.39 2.50 15.18 0.39 1.24 8.23 12.70 37.72 17.94 -1.06
Dividend Payout % 0.00% 8.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 4%
TTM: -47%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -106%
Stock Price CAGR
10 Years: 1%
5 Years: 23%
3 Years: 35%
1 Year: 28%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 12%
Last Year: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9.00 9.00 9.04 9.04 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00
Reserves 8.80 19.03 50.27 52.52 66.25 66.60 67.72 75.13 86.47 120.24 136.19 135.49
18.36 24.52 54.96 45.01 30.39 30.75 32.12 27.30 2.64 15.22 22.32 30.11
73.78 91.84 112.10 121.42 111.30 91.62 79.35 68.18 78.12 75.94 60.39 59.89
Total Liabilities 109.94 144.39 226.37 227.99 216.94 197.97 188.19 179.61 176.23 220.40 227.90 234.49
0.61 2.49 5.08 4.42 14.24 17.93 16.79 14.50 12.67 13.59 14.99 14.26
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.54 0.54 4.15 3.61 11.43 5.40 6.23 6.81 4.01 16.01 8.66 30.10
108.79 141.36 217.14 219.96 191.27 174.64 165.17 158.30 159.55 190.80 204.25 190.13
Total Assets 109.94 144.39 226.37 227.99 216.94 197.97 188.19 179.61 176.23 220.40 227.90 234.49

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2.33 -0.17 38.98 21.24 26.52 -3.20 5.63 1.11 20.31 -2.65 -9.52 14.20
-0.26 -1.77 -0.70 0.12 -5.36 1.46 -1.45 0.02 5.15 -11.53 4.71 -22.25
-2.42 3.59 -37.16 -16.66 -20.52 0.51 0.39 -6.19 -23.10 12.40 5.86 7.34
Net Cash Flow -0.35 1.65 1.11 4.69 0.63 -1.24 4.56 -5.05 2.37 -1.78 1.04 -0.70

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31.52 37.87 45.40 40.32 28.37 107.59 27.76 7.34 57.39 29.21 55.86 21.09
Inventory Days 4,139.13 2,054.68
Days Payable 42.85 20.49
Cash Conversion Cycle 31.52 37.87 45.40 40.32 28.37 107.59 27.76 7.34 57.39 29.21 4,152.14 2,055.28
Working Capital Days 334.48 298.53 276.28 792.01 753.64 1,136.84 1,761.75 1,482.71 1,242.85 612.50 699.79 1,670.16
ROCE % 29.90% 46.45% 9.27% 21.55% 4.80% 2.90% 9.14% 13.29% 29.36% 12.85%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31% 71.31%
28.69% 28.69% 28.69% 28.69% 28.69% 28.68% 28.69% 28.68% 28.69% 28.69% 28.69% 28.69%
No. of Shareholders 8868971,1281,3591,3091,2271,2741,3111,3131,3371,3271,465

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