Thakkers Developers Ltd
₹ 156
3.30%
24 Jul
- close price
About
Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]
Key Points
- Market Cap ₹ 135 Cr.
- Current Price ₹ 156
- High / Low ₹ 199 / 83.1
- Stock P/E 150
- Book Value ₹ 156
- Dividend Yield 0.00 %
- ROCE 1.45 %
- ROE 0.64 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.00 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -14.2% over past five years.
- Company has a low return on equity of 0.26% over last 3 years.
- Earnings include an other income of Rs.6.04 Cr.
- Debtor days have increased from 18.7 to 40.0 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46.53 | 29.96 | 40.23 | 19.89 | 14.78 | 12.33 | 25.73 | 53.27 | 55.33 | 16.49 | 13.33 | 11.97 | |
| 22.69 | 18.82 | 16.32 | 17.64 | 11.23 | 11.96 | 16.24 | 20.27 | 34.81 | 17.79 | 12.07 | 13.91 | |
| Operating Profit | 23.84 | 11.14 | 23.91 | 2.25 | 3.55 | 0.37 | 9.49 | 33.00 | 20.52 | -1.30 | 1.26 | -1.94 |
| OPM % | 51.24% | 37.18% | 59.43% | 11.31% | 24.02% | 3.00% | 36.88% | 61.95% | 37.09% | -7.88% | 9.45% | -16.21% |
| 0.19 | 0.24 | 0.13 | 4.11 | 0.94 | 6.62 | 4.27 | 2.45 | 1.35 | 1.31 | 5.16 | 6.04 | |
| Interest | 11.19 | 6.63 | 4.76 | 2.89 | 2.37 | 1.69 | 0.54 | 0.11 | 0.30 | 1.37 | 1.72 | 0.68 |
| Depreciation | 1.53 | 1.21 | 1.16 | 1.76 | 1.55 | 1.16 | 0.73 | 0.79 | 1.53 | 2.22 | 1.69 | 1.85 |
| Profit before tax | 11.31 | 3.54 | 18.12 | 1.71 | 0.57 | 4.14 | 12.49 | 34.55 | 20.04 | -3.58 | 3.01 | 1.57 |
| Tax % | 37.22% | 35.88% | 24.56% | 97.66% | -71.93% | 0.00% | 11.85% | 3.18% | 15.52% | -28.77% | 9.63% | 42.04% |
| 7.10 | 2.28 | 13.67 | 0.03 | 0.98 | 4.14 | 11.00 | 33.44 | 16.93 | -2.54 | 2.71 | 0.90 | |
| EPS in Rs | 7.89 | 2.53 | 15.19 | 0.03 | 1.09 | 4.60 | 12.22 | 37.16 | 18.81 | -2.82 | 3.01 | 1.00 |
| Dividend Payout % | 0.00% | 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: | -9% |
| 5 Years: | -14% |
| 3 Years: | -40% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -39% |
| 3 Years: | -62% |
| TTM: | -67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 8% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 0% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 47.98 | 50.26 | 64.00 | 64.03 | 65.02 | 69.16 | 80.07 | 113.33 | 130.06 | 127.77 | 130.54 | 131.59 |
| 54.92 | 44.91 | 30.39 | 30.50 | 32.08 | 27.31 | 2.63 | 10.29 | 17.53 | 26.23 | 15.36 | 15.17 | |
| 101.15 | 110.00 | 104.25 | 85.50 | 72.96 | 62.82 | 79.58 | 70.75 | 46.66 | 40.13 | 46.29 | 43.31 | |
| Total Liabilities | 213.05 | 214.17 | 207.64 | 189.03 | 179.06 | 168.29 | 171.28 | 203.37 | 203.25 | 203.13 | 201.19 | 199.07 |
| 5.06 | 4.40 | 14.22 | 15.91 | 14.79 | 13.00 | 11.00 | 11.86 | 13.38 | 13.12 | 13.25 | 12.31 | |
| 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 | 1.75 | 1.21 | 7.56 | 3.13 | 3.96 | 4.45 | 1.62 | 13.78 | 6.42 | 19.21 | 2.17 | 4.81 |
| 206.24 | 208.56 | 185.86 | 169.99 | 160.31 | 150.84 | 158.66 | 177.73 | 183.45 | 170.80 | 185.77 | 181.95 | |
| Total Assets | 213.05 | 214.17 | 207.64 | 189.03 | 179.06 | 168.29 | 171.28 | 203.37 | 203.25 | 203.13 | 201.19 | 199.07 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39.08 | 21.32 | 24.29 | -3.32 | 5.43 | 1.05 | 19.90 | 2.09 | -9.73 | 5.18 | -7.54 | -0.24 | |
| -0.72 | 0.11 | -3.85 | -3.10 | -1.47 | 0.02 | 5.34 | -11.45 | 4.73 | -13.99 | 19.75 | 1.16 | |
| -37.20 | -16.73 | -19.85 | 0.26 | 0.59 | -6.14 | -23.10 | 7.54 | 6.06 | 7.04 | -12.79 | -0.88 | |
| Net Cash Flow | 1.15 | 4.71 | 0.59 | -6.16 | 4.54 | -5.07 | 2.14 | -1.81 | 1.06 | -1.77 | -0.59 | 0.04 |
| Free Cash Flow | 38.48 | 20.77 | 21.75 | -5.93 | 4.99 | 0.97 | 20.85 | -0.42 | -12.77 | 3.26 | -9.29 | -1.16 |
| CFO/OP | 182% | 203% | 114% | -90% | 154% | 303% | 232% | 18% | -33% | -398% | -575% | -22% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 42.83 | 43.25 | 29.40 | 144.42 | 32.60 | 2.96 | 54.62 | 23.91 | 53.43 | 0.66 | 15.61 | 39.95 |
| Inventory Days | 1,822.98 | 5,385.89 | 6,508.00 | |||||||||
| Days Payable | 25.57 | 72.71 | 7.86 | |||||||||
| Cash Conversion Cycle | 42.83 | 43.25 | 29.40 | 144.42 | 32.60 | 2.96 | 54.62 | 23.91 | 1,850.84 | 5,313.84 | 15.61 | 6,540.09 |
| Working Capital Days | 148.02 | 646.55 | 623.12 | 1,442.02 | 1,885.26 | 2,295.98 | 1,277.29 | 563.50 | 596.61 | 2,002.52 | 2,727.51 | 3,490.52 |
| ROCE % | 18.54% | 9.48% | 22.05% | 4.48% | 2.80% | 5.51% | 13.22% | 30.90% | 14.07% | -1.38% | 2.98% | 1.45% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Construction Segment Revenue Mix % |
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| Total Permanent Employees count |
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| Finished Stock as % of Total Inventory % |
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Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - Regulation 74(5) compliance certificate for quarter ended June 30, 2026; no shares dematerialised.
- Closure of Trading Window 25 Jun
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Declaration With Respect To Audit Report With Unmodified Opinion To The Audited Standalone & Consolidated Financial Results For The Financial Year Ended March 31, 2026.
29 May - Auditor issued unmodified standalone and consolidated audit reports for FY ended March 31, 2026.
- Regulation 33 Of The SEBI (LODR) Regulations, 2015 -Audited Standalone And Consolidated Financial Statements For The Year Ended March 31, 2026 29 May
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Board Meeting Outcome for Regulation 30 & 33 Of The SEBI (LODR) Regulations, 2015 -Audited Standalone And Consolidated Financial Statements For The Year Ended March 31, 2026.
29 May - Thakkers Developers announced audited standalone and consolidated FY26 results with unmodified auditor opinion on May 29, 2026.
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
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
from web
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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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.