Thakkers Developers Ltd
Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]
- Market Cap ₹ 134 Cr.
- Current Price ₹ 149
- High / Low ₹ 214 / 83.1
- Stock P/E 12.2
- 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 0.88 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: | 6% |
| 5 Years: | 18% |
| 3 Years: | 3% |
| 1 Year: | -22% |
| 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 |
| Free Cash Flow | -2 | 38 | 21 | 24 | -6 | 5 | 1 | 21 | -6 | -13 | 13 | -16 |
| CFO/OP | 7% | 158% | 214% | 124% | -51% | 153% | 47% | 218% | 4% | -30% | 2,356% | -209% |
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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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Prior Intimation Pursuant To Regulation 29 Of The Securities Exchange And Board Of India (LODR), Regulations, 2015 For The Board Meeting To Be Held On Friday, May 29, 2026
1d - Board meets on May 29, 2026 to approve audited FY2026 results; trading window closed from April 1.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 Apr - Annual Secretarial Compliance Report for FY2026 filed; no material non-compliances reported.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - Thakkers Developers says it is not a Large Corporate; outstanding borrowings were Rs 15.13 crore as of March 31, 2026.
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Clarification On Price Movement
23 Apr - Thakkers Developers clarifies recent share price movement is market-driven, with no specific company-related reason.
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Clarification sought from Thakkers Developers Ltd
22 Apr - Exchange has sought clarification from Thakkers Developers Ltd on April 22, 2026 with reference to significant movement in price, in order to ensure that investors …
Annual reports
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Financial Year 2025
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Financial Year 2024
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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
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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
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Financial Year 2012
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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.