Thakkers Developers Limited share price
Thakkers Developers Limited, together with its subsidiaries, operates as a real estate and construction company in India. It operates through Construction and Contract Related Activity, and Estate Dealing and Development Activity segments. The company is involved in various activities, such as plots/land development, commercial construction, residential, and agricultural. Thakkers Developers Limited was founded in 1962 and is based in Nashik, India.Read more
- Market Cap₹ 121 Cr.
- Current Price₹ 133.90
- High / Low₹ 160 / 115
- Stock P/E8.8
- Book Value₹ 185
- Dividend Yield0.00 %
- ROCE3.9 %
- ROE3.30 %
- Face Value—
More figures (10)
- EPS (TTM)₹ 15.18
- Price / Book0.72
- OPM7.5 %
- Debt / Equity0.11
- Sales growth (4Y)-8.6 %
- Profit growth (4Y)-31.8 %
- Promoter holding92.8 %
- EV / EBITDA9.8
- Beta-0.28
- All-time high₹ 160
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| THAKDEV | +4.49% | — | — | — | — | — | — |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Thakkers Developers Limited is in the Real Estate - Development industry (Real Estate), with a market value of ₹121 crore.
- It trades at 8.8 times its last 12 months' earnings and 0.7 times book value.
- Revenue grew -8.6% a year over the last 4 years, profit -31.8% a year.
- Return on equity was 3.3% and return on capital employed 3.9% in the latest year.
- Debt was 0.11 times shareholders' equity.
- The share price is 16.3% below its 52-week high.
- Promoters and insiders hold about 92.8%; institutions about 0.0%.
Pros
AI- Borrowings are moderate at 0.11 times shareholders' equity.
Cons
AI- Return on equity has been low: 2.3% on average over the last 3 years.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Thakkers Developers Limited
Thakkers Developers Limited, together with its subsidiaries, operates as a real estate and construction company in India. It operates through Construction and Contract Related Activity, and Estate Dealing and Development Activity segments. The company is involved in various activities, such as plots/land development, commercial construction, residential, and agricultural. Thakkers Developers Limited was founded in 1962 and is based in Nashik, India.
- Employees
- 106
- Head office
- Nashik
Peer comparison
Real EstateReal Estate - Development
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Thakkers Developers | 133.90 | 8.8 | 121 | 0.00 | 10 | 595.69 | 18 | 104.56 | 3.9 | 3.3 | 0.72 | 7.5 | 0.11 | 92.84 | 35 | -8.6 |
| 2. | D S Kulkarni Developers | 31.74 | — | 32 | 0.00 | -1 | — | 0 | — | 11.3 | 0.3 | — | — | -4.22 | 95.00 | 0 | — |
| 3. | MPDL | 24.35 | — | 18 | 0.00 | -4 | — | 5 | 30.58 | -10.2 | -8.5 | 0.20 | -43.6 | 0.68 | 80.45 | 20 | 12.7 |
| Median: 3 Co. | 31.74 | 8.8 | 32 | 0.00 | -1 | 595.69 | 5 | 67.57 | 3.9 | 0.3 | 0.46 | -18.1 | 0.11 | 92.84 | 20 | 2.1 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
| ₹ Cr | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 9 | 7 | 14 | 5 | 18 |
| Operating Profit | 1 | -2 | 4 | -2 | 9 |
| Profit before tax | 1 | 1 | 5 | -0 | 10 |
| Net Profit | 1 | 1 | 5 | -2 | 10 |
| EPS in Rs | 1.61 | 0.73 | 5.61 | -2.33 | 11.17 |
Profit & Loss
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 46 | 31 | 32 | 35 | |
| Operating Profit | 19 | -1 | 4 | 3 | |
| Interest | 0 | 1 | 2 | 1 | |
| Depreciation | 2 | 2 | 2 | 2 | |
| Profit before tax | 20 | -2 | 8 | 7 | |
| Net Profit | 16 | -1 | 6 | 5 | |
| EPS in Rs | 17.94 | -1.05 | 7.20 | 5.68 |
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 |
| Reserves | 136 | 135 | 142 | 147 |
| 22 | 31 | 20 | 17 | |
| Long term borrowings | 15 | 16 | 16 | 15 |
| Short term borrowings | 8 | 15 | 4 | 2 |
| 60 | 59 | 47 | 39 | |
| Trade payables | 1 | 1 | 0 | 0 |
| Current liabilities | 21 | 30 | 11 | 12 |
| Total Liabilities | 228 | 234 | 218 | 212 |
| 7 | 7 | 7 | 6 | |
| Gross block | 16 | 17 | 19 | 20 |
| Accumulated depreciation | 9 | 11 | 12 | 14 |
| Goodwill & intangibles | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 |
| 221 | 228 | 211 | 207 | |
| Inventories | 112 | 104 | 104 | 90 |
| Trade receivables | 9 | 2 | 1 | 1 |
| Cash & equivalents | 2 | 2 | 1 | 2 |
| Current assets | 135 | 160 | 137 | 138 |
| Total Assets | 228 | 234 | 218 | 212 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| -10 | 15 | -14 | 2 | |
| Profit for the year | 16 | -1 | 6 | 5 |
| Working capital changes | -27 | 13 | -19 | -1 |
| Direct taxes paid | -3 | 1 | -1 | -2 |
| 5 | -22 | 27 | 1 | |
| Fixed assets purchased | -3 | -2 | -2 | -1 |
| Fixed assets sold | 0 | 0 | 0 | 0 |
| 6 | 7 | -14 | -3 | |
| Proceeds from borrowings | 6 | 9 | ||
| Repayment of borrowings | -12 | -2 | ||
| Interest paid | -0 | -1 | -2 | -1 |
| Net Cash Flow | 1 | 1 | -0 | 1 |
| Free Cash Flow | -13 | 13 | -16 | 2 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| ROE | — | 11.1% | -0.7% | 4.4% | 3.3% |
| ROCE | — | 9.7% | -0.2% | 4.6% | 3.9% |
| Operating margin | — | 41.1% | -4.5% | 13.7% | 7.5% |
| Net margin | — | 35.1% | -3.1% | 20.5% | 14.5% |
| Debt / equity | — | 0.15 | 0.22 | 0.13 | 0.11 |
| Current ratio | — | 6.52 | 5.33 | 12.15 | 11.44 |
| Debtor days | — | 70 | 21 | 10 | 14 |
| Inventory days | — | 1,583 | 2,055 | 2,549 | 1,695 |
| Days payable | — | 16 | 20 | 9 | 2 |
| Cash conversion cycle | — | 1,637 | 2,056 | 2,550 | 1,707 |
| Working capital days | — | 903 | 1,538 | 1,453 | 1,312 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
- Promoters & insiders 92.84%
- Institutions (FII, DII, funds) 0.00%
- Public & others 7.16%
Key dates
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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