Thakkers Developers Ltd

Thakkers Developers Ltd

₹ 186 -2.08%
13 Jun - 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 167 Cr.
  • Current Price 186
  • High / Low 255 / 141
  • Stock P/E 25.7
  • Book Value 168
  • Dividend Yield 0.00 %
  • ROCE 5.51 %
  • ROE 4.41 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.11 times its book value

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.5.17 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
17.85 9.05 14.33 15.26 19.11 10.26 8.97 5.19 6.38 4.09 14.26 7.05 6.18
11.29 4.54 7.54 14.17 11.15 9.17 8.32 4.69 8.02 4.33 11.58 7.15 2.44
Operating Profit 6.56 4.51 6.79 1.09 7.96 1.09 0.65 0.50 -1.64 -0.24 2.68 -0.10 3.74
OPM % 36.75% 49.83% 47.38% 7.14% 41.65% 10.62% 7.25% 9.63% -25.71% -5.87% 18.79% -1.42% 60.52%
1.95 0.10 0.09 0.24 0.92 0.17 0.20 0.37 0.58 0.83 1.07 1.26 2.04
Interest 0.10 0.01 0.01 0.08 0.25 0.25 0.22 0.34 0.57 0.49 0.43 0.47 0.34
Depreciation 0.39 0.33 0.34 0.43 0.56 0.52 0.58 0.61 0.60 0.43 0.44 0.45 0.45
Profit before tax 8.02 4.27 6.53 0.82 8.07 0.49 0.05 -0.08 -2.23 -0.33 2.88 0.24 4.99
Tax % 12.97% 1.64% 0.00% 1.22% 43.00% 0.00% 0.00% -1,050.00% 1.35% 0.00% 0.00% 50.00% 23.25%
6.99 4.20 6.53 0.81 4.61 0.49 0.05 0.77 -2.26 -0.33 2.88 0.13 3.82
EPS in Rs 7.77 4.67 7.26 0.90 5.12 0.54 0.06 0.86 -2.51 -0.37 3.20 0.14 4.24
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
56.67 50.89 32.14 41.68 28.09 18.41 20.89 27.60 55.48 57.76 30.81 31.59
37.30 23.54 21.01 17.78 25.40 14.69 16.29 17.23 21.36 37.40 30.19 25.51
Operating Profit 19.37 27.35 11.13 23.90 2.69 3.72 4.60 10.37 34.12 20.36 0.62 6.08
OPM % 34.18% 53.74% 34.63% 57.34% 9.58% 20.21% 22.02% 37.57% 61.50% 35.25% 2.01% 19.25%
2.29 0.19 0.25 0.13 4.13 0.95 6.63 4.28 2.46 1.35 1.31 5.17
Interest 2.55 11.19 6.63 4.76 2.89 2.37 1.70 0.54 0.16 0.36 1.38 1.73
Depreciation 0.25 1.53 1.21 1.16 1.76 1.55 1.16 0.73 0.97 1.66 2.31 1.77
Profit before tax 18.86 14.82 3.54 18.11 2.17 0.75 8.37 13.38 35.45 19.69 -1.76 7.75
Tax % 36.11% 36.84% 36.44% 24.57% 83.87% -49.33% 11.47% 14.57% 4.20% 18.03% -46.02% 16.26%
12.05 9.35 2.25 13.66 0.35 1.12 7.41 11.43 33.95 16.15 -0.95 6.48
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
Dividend Payout % 8.96% 0.00% 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%
5 Years: 9%
3 Years: -17%
TTM: 3%
Compounded Profit Growth
10 Years: -4%
5 Years: -3%
3 Years: -42%
TTM: 785%
Stock Price CAGR
10 Years: 3%
5 Years: 31%
3 Years: 11%
1 Year: -2%
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
Equity Capital 9.00 9.04 9.04 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00
Reserves 19.03 50.27 52.52 66.25 66.60 67.72 75.13 86.47 120.24 136.19 135.49 142.03
24.52 54.96 45.01 30.39 30.75 32.12 27.30 2.64 15.22 22.32 31.35 18.13
91.84 112.10 121.42 111.30 91.62 79.35 68.18 78.12 75.94 60.39 58.64 48.91
Total Liabilities 144.39 226.37 227.99 216.94 197.97 188.19 179.61 176.23 220.40 227.90 234.48 218.07
2.49 5.08 4.42 14.24 17.93 16.79 14.50 12.67 13.59 14.99 14.26 15.31
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 4.15 3.61 11.43 5.40 6.23 6.81 4.01 16.01 8.66 30.09 4.41
141.36 217.14 219.96 191.27 174.64 165.17 158.30 159.55 190.80 204.25 190.13 198.35
Total Assets 144.39 226.37 227.99 216.94 197.97 188.19 179.61 176.23 220.40 227.90 234.48 218.07

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
-0.17 38.98 21.24 26.52 -3.20 5.63 1.11 20.31 -2.65 -9.52 14.20 -13.98
-1.77 -0.70 0.12 -5.36 1.46 -1.45 0.02 5.15 -11.53 4.71 -22.25 27.44
3.59 -37.16 -16.66 -20.52 0.51 0.39 -6.19 -23.10 12.40 5.86 7.34 -13.71
Net Cash Flow 1.65 1.11 4.69 0.63 -1.24 4.56 -5.05 2.37 -1.78 1.04 -0.70 -0.24

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 37.87 45.40 40.32 28.37 107.59 27.76 7.34 57.39 29.21 55.86 21.09 9.47
Inventory Days 4,139.13 5,332.37 2,549.10
Days Payable 42.85 53.17 9.09
Cash Conversion Cycle 37.87 45.40 40.32 28.37 107.59 27.76 7.34 57.39 29.21 4,152.14 5,300.30 2,549.48
Working Capital Days 298.53 276.28 792.01 753.64 1,136.84 1,761.75 1,482.71 1,242.85 612.50 699.79 1,344.26 1,241.62
ROCE % 46.45% 9.27% 21.55% 4.80% 2.90% 9.14% 13.29% 29.36% 12.85% -0.22% 5.51%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 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%
28.69% 28.68% 28.69% 28.68% 28.69% 28.69% 28.69% 28.69% 28.70% 28.69% 28.69% 28.68%
No. of Shareholders 1,3091,2271,2741,3111,3131,3371,3271,4651,3871,3181,3761,351

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