Thakkers Developers Ltd
₹ 115
-5.11%
10 Jun
- close price
About
Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]
Key Points
- Market Cap ₹ 103 Cr.
- Current Price ₹ 115
- High / Low ₹ 199 / 83.1
- Stock P/E 20.2
- Book Value ₹ 174
- Dividend Yield 0.00 %
- ROCE 4.55 %
- ROE 3.33 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.66 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 4.67% over past five years.
- Company has a low return on equity of 2.39% over last 3 years.
- Earnings include an other income of Rs.6.08 Cr.
- Debtor days have increased from 22.5 to 37.0 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50.89 | 32.14 | 41.68 | 28.09 | 18.41 | 20.89 | 27.60 | 55.48 | 57.76 | 30.81 | 31.59 | 34.67 | |
| 23.54 | 21.01 | 17.78 | 25.40 | 14.69 | 16.29 | 17.23 | 21.36 | 37.40 | 30.19 | 25.51 | 31.02 | |
| Operating Profit | 27.35 | 11.13 | 23.90 | 2.69 | 3.72 | 4.60 | 10.37 | 34.12 | 20.36 | 0.62 | 6.08 | 3.65 |
| OPM % | 53.74% | 34.63% | 57.34% | 9.58% | 20.21% | 22.02% | 37.57% | 61.50% | 35.25% | 2.01% | 19.25% | 10.53% |
| 0.19 | 0.25 | 0.13 | 4.13 | 0.95 | 6.63 | 4.28 | 2.46 | 1.35 | 1.31 | 5.17 | 6.08 | |
| Interest | 11.19 | 6.63 | 4.76 | 2.89 | 2.37 | 1.70 | 0.54 | 0.16 | 0.36 | 1.38 | 1.74 | 0.73 |
| Depreciation | 1.53 | 1.21 | 1.16 | 1.76 | 1.55 | 1.16 | 0.73 | 0.97 | 1.66 | 2.31 | 1.77 | 1.91 |
| Profit before tax | 14.82 | 3.54 | 18.11 | 2.17 | 0.75 | 8.37 | 13.38 | 35.45 | 19.69 | -1.76 | 7.74 | 7.09 |
| Tax % | 36.84% | 36.44% | 24.57% | 83.87% | -49.33% | 11.47% | 14.57% | 4.20% | 18.03% | -46.02% | 16.28% | 27.93% |
| 9.35 | 2.25 | 13.66 | 0.35 | 1.12 | 7.41 | 11.43 | 33.95 | 16.15 | -0.95 | 6.48 | 5.11 | |
| EPS in Rs | 10.39 | 2.50 | 15.18 | 0.39 | 1.24 | 8.23 | 12.70 | 37.72 | 17.94 | -1.06 | 7.20 | 5.68 |
| 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: | 1% |
| 5 Years: | 5% |
| 3 Years: | -16% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -15% |
| 3 Years: | -32% |
| TTM: | -22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 9% |
| 3 Years: | -6% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 9% |
| 3 Years: | 2% |
| Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 9.04 | 9.04 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves | 50.27 | 52.52 | 66.25 | 66.60 | 67.72 | 75.13 | 86.47 | 120.24 | 136.19 | 135.49 | 142.03 | 147.29 |
| 54.96 | 45.01 | 30.39 | 30.75 | 32.12 | 27.30 | 2.64 | 15.22 | 22.32 | 31.35 | 19.58 | 17.09 | |
| 112.10 | 121.42 | 111.30 | 91.62 | 79.35 | 68.18 | 78.12 | 75.94 | 60.39 | 58.64 | 47.45 | 39.20 | |
| Total Liabilities | 226.37 | 227.99 | 216.94 | 197.97 | 188.19 | 179.61 | 176.23 | 220.40 | 227.90 | 234.48 | 218.06 | 212.58 |
| 5.08 | 4.42 | 14.24 | 17.93 | 16.79 | 14.50 | 12.67 | 13.59 | 14.99 | 14.26 | 15.31 | 14.55 | |
| 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 | 4.15 | 3.61 | 11.43 | 5.40 | 6.23 | 6.81 | 4.01 | 16.01 | 8.66 | 30.09 | 4.41 | 7.04 |
| 217.14 | 219.96 | 191.27 | 174.64 | 165.17 | 158.30 | 159.55 | 190.80 | 204.25 | 190.13 | 198.34 | 190.99 | |
| Total Assets | 226.37 | 227.99 | 216.94 | 197.97 | 188.19 | 179.61 | 176.23 | 220.40 | 227.90 | 234.48 | 218.06 | 212.58 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 38.98 | 21.24 | 26.52 | -3.20 | 5.63 | 1.11 | 20.31 | -2.65 | -9.52 | 15.42 | -13.98 | 2.86 | |
| -0.70 | 0.12 | -5.36 | 1.46 | -1.45 | 0.02 | 5.15 | -11.53 | 4.71 | -22.25 | 27.44 | 0.93 | |
| -37.16 | -16.66 | -20.52 | 0.51 | 0.39 | -6.19 | -23.10 | 12.40 | 5.86 | 7.34 | -13.71 | -3.22 | |
| Net Cash Flow | 1.11 | 4.69 | 0.63 | -1.24 | 4.56 | -5.05 | 2.37 | -1.78 | 1.04 | 0.52 | -0.24 | 0.57 |
| Free Cash Flow | 38.40 | 20.69 | 23.98 | -5.81 | 5.19 | 1.03 | 21.25 | -5.73 | -12.57 | 13.48 | -15.72 | 1.96 |
| CFO/OP | 158% | 214% | 124% | -51% | 153% | 47% | 218% | 4% | -30% | 2,356% | -209% | 133% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 45.40 | 40.32 | 28.37 | 107.59 | 27.76 | 7.34 | 57.39 | 29.21 | 55.86 | 21.09 | 9.47 | 36.95 |
| Inventory Days | 4,139.13 | 5,332.37 | 1,694.59 | |||||||||
| Days Payable | 42.85 | 53.17 | 1.70 | |||||||||
| Cash Conversion Cycle | 45.40 | 40.32 | 28.37 | 107.59 | 27.76 | 7.34 | 57.39 | 29.21 | 4,152.14 | 5,300.30 | 9.47 | 1,729.84 |
| Working Capital Days | 193.29 | 717.51 | 693.66 | 1,070.31 | 1,598.98 | 1,459.48 | 1,225.53 | 603.22 | 658.15 | 1,176.98 | 1,095.69 | 1,283.03 |
| ROCE % | 9.27% | 21.55% | 4.80% | 2.90% | 9.14% | 13.29% | 29.36% | 12.85% | -0.22% | 5.49% | 4.55% |
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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Documents
Announcements
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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.
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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
14 May - 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.
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.