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Thakkers Developers Ltd (526654) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 526654 NSE: | Construction - Real Estate | Small Cap

Thakkers Developers Share Price

105.82 5.03 (4.99%)
As on 10-Apr'26 16:59

Thakkers Developers Ltd (526654)

BSE: 526654 NSE:
Key Metrics
Market Cap
₹95 Cr.
P/E Ratio
23.36
Price to Book (P/B)
0.67
Price to Sales (P/S)
6.54
EV/EBITDA
15.66
Return on Capital Employed (ROCE)
2.98%
Current Price
₹105.8
Return on Equity (ROE)
1.96%
Return on Assets (ROA)
1.35%
Operating Profit Margin
9.5%
Net Profit Margin
20.33%
Gross Profit Margin
35.3%
Book Value per Share
₹157.3
Sales Growth (YoY)
-19.16%
Sales Growth (3 Years)
-36.98%
Operating Profit Growth (1 Year)
NA%
Operating Profit Growth (3 Years)
-66.23%
Net Profit Growth (1 Year)
NA%
52-Week Low / High
₹83 / 223
Net Profit Growth (3 Years)
-56.72%
Dividend Yield
0.00%
Promoter Holding
71.31%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1
Thakkers Developers Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.
Q.1 Gross Profit margin of Thakkers Developers Ltd?
Thakkers Developers Ltd Gross profit margin which is the profit after deduction of direct costs, is 35.3% for FY-2025 , which is above its 5 year median of 0% , indicating increasing margins.
Q.1 Promoter shareholding and pledge status of Thakkers Developers Ltd?
Promoters hold 71.31% of the Thakkers Developers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Thakkers Developers Ltd vs industry peers?
Thakkers Developers Ltd revenue CAGR is 1.57% , compared to the industry median CAGR of 217.77% , indicating slower growth and losing its market share.
Q.1 Stock return of Thakkers Developers Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 1.3% based on the current price.
Q.1 Is Thakkers Developers Ltd a good quality company?
Thakkers Developers Ltd is a quality company, based on a 10 year financial track record .

DeciZen - make an informed investing decision on Thakkers Developers

Based on:

M-Cap below 100cr DeciZen not available

Thakkers Developers stock performance

Key Ratios
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Is Thakkers Developers Ltd an attractive stock to invest in?

1. Is Thakkers Developers Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Thakkers Developers Ltd is a average quality company.

2. Is Thakkers Developers Ltd undervalued or overvalued?

The key valuation ratios of Thakkers Developers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Thakkers Developers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Thakkers Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Thakkers Developers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.5%22.1%4.5%2.8%5.5%13.2%30.9%14.2%-1.3%3%-
Value Creation
Index
-0.30.6-0.7-0.8-0.6-0.11.20.0-1.1-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 28.840.618.816.212.325.753.355.316.513.315
Sales YoY Gr.-40.9%-53.6%-14.2%-23.8%108.7%107%3.9%-70.2%-19.2%-
Adj EPS 2.615.20.11.14.612.237.218.8-2.834.5
YoY Gr.-486.5%-99.6%1716.7%322%165.9%203.8%-49.4%-115%NA-
BVPS (₹) 65.981.181.282.286.899135.9154.5152155.1157.3
Adj Net
Profit
2.313.70.114.11133.416.9-2.52.74
Cash Flow from Ops. 21.324.3-3.35.41.119.92.1-9.75.2-7.5-
Debt/CF from Ops. 2.11.3-9.25.925.90.14.9-1.85.1-2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -8.2%1.6%-37%-19.2%
Adj EPS 1.7%-8.1%-56.7%NA
BVPS10%12.3%4.5%2%
Share Price 1.3% 0.4% -6.3% -46.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
420.70.11.35.513.231.613-1.822.9
Op. Profit
Mgn %
39.159.21222.23.336.961.937.5-7.49.53.4
Net Profit
Mgn %
8.133.70.36.133.642.862.830.6-15.420.328
Debt to
Equity
0.80.40.40.40.400.10.10.20.10.1
Working Cap
Days
2,5581,7223,3963,6344,4782,1651,1411,1853,8664,7993,363
Cash Conv.
Cycle
8144921,7471,9612,4991,2546146201,7862,0633,014

Recent Performance Summary

Sales growth is good in last 4 quarters at 41.60%

Return on Equity has declined versus last 3 years average to 2.90%

Sales growth has been subdued in last 3 years -36.98%

Net Profit has been subdued in last 3 years -56.73%

Latest Financials

Standalone Consolidated
TTM EPS (₹) 4.5 12.2
TTM Sales (₹ Cr.) 14.6 36.1
BVPS (₹) 157.3 175.8
Reserves (₹ Cr.) 133 149
P/BV 0.67 0.60
PE 23.36 8.68
From the Market
52 Week Low / High (₹) 83.12 / 222.75
All Time Low / High (₹) 1.50 / 274.90
Market Cap (₹ Cr.) 95.2
Equity (₹ Cr.) 9
Face Value (₹) 10
Industry PE 45.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Thakkers Developers - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales28.7940.5618.8416.1712.3325.7353.2755.3316.4913.33
Operating Expenses + 17.5316.5716.5812.5811.9216.2220.2834.5917.7012.06
Manufacturing Costs0.350.400.210.120.140.140.160.170.180.11
Material Costs6.347.256.953.493.3811.1413.8225.208.343.55
Employee Cost 4.394.415.665.423.861.741.474.484.704.83
Other Costs 6.444.513.763.554.543.204.834.744.493.58
Operating Profit 11.2623.992.263.580.419.5032.9920.74-1.221.27
Operating Profit Margin (%) 39.1%59.1%12.0%22.2%3.3%36.9%61.9%37.5%-7.4%9.5%
Other Income + 0.310.134.140.946.624.272.451.351.315.16
Exceptional Items -0.07-0-0.030000000
Interest 6.754.842.912.401.720.550.110.521.441.73
Depreciation 1.211.161.761.551.160.730.791.532.221.69
Profit Before Tax 3.5518.121.710.574.1412.4934.5420.04-3.573.01
Tax 1.264.451.68-0.4101.491.113.11-1.040.30
Profit After Tax 2.2813.670.030.984.141133.4416.93-2.542.71
PAT Margin (%) 7.9%33.7%0.2%6.1%33.6%42.8%62.8%30.6%-15.4%20.3%
Adjusted EPS (₹)2.515.20.01.14.612.237.218.8-2.83.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 59.267373.0374.0278.1689.07122.33139.06136.77139.54
Share Capital 9999999999
Reserves 50.266464.0365.0269.1680.07113.33130.06127.77130.54
Debt +38.5423.5026.6429.6225.192.6310.2716.602513.91
Long Term Debt32.0816.6621.7621.4523.861.338.9210.0210.8811.48
Short Term Debt6.466.854.888.171.321.301.356.5814.122.43
Minority Interest0000000000
Trade Payables10.434.364.170.770.892.900.451.141.020.08
Others Liabilities 105.95106.7785.5474.6664.1278.2971.6948.6539.1846.68
Total Liabilities 214.18207.64189.39179.06168.36172.90204.75205.44201.98200.21

Fixed Assets

Net Fixed Assets +4.405.786.665.544.463.255.306.816.526.57
Gross Block9.9812.451515.4415.4612.5112.9215.8816.8618.41
Accumulated Depreciation5.576.678.359.9010.999.267.629.0610.3411.83
CWIP 0000000000
Investments 1.211612.3813.2112.981.6213.786.4319.222.17
Inventories81.2789.2187.8884.3985.2193.4597.0981.2675.5575.94
Trade Receivables3.553.247.871.320.103.853.498.100.030.57
Cash Equivalents 8.023.671.946.781.914.052.243.302.811.09
Others Assets 115.7189.7472.6767.8163.6966.6682.8499.5497.85113.85
Total Assets 214.18207.64189.39179.06168.36172.90204.75205.44201.98200.21

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 21.3224.29-3.325.431.0519.902.09-9.735.18-7.54
PBT 3.5518.121.740.574.1412.5834.5420.04-3.573.01
Adjustment 7.8164.093.862.78-3.61-1.651.113.07-1.07
Changes in Working Capital 11.253.25-7.861.03-5.7913.02-27.74-27.844.64-9.18
Tax Paid -1.28-3.08-1.30-0.03-0.07-2.10-3.06-3.041.04-0.30
Cash Flow From Investing Activity + 0.11-3.85-3.10-1.470.025.34-11.454.73-13.9919.75
Capex -0.55-2.53-2.61-0.44-0.080.95-2.51-3.04-1.92-1.75
Net Investments 0.52-1.41-0.81-1.1304.30-10.977.36-12.8316.97
Others 0.140.100.320.090.100.092.030.410.764.53
Cash Flow From Financing Activity -16.73-19.850.260.59-6.14-23.107.546.067.04-12.79
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing 000000000.860.61
Interest Paid -6.71-4.81-2.87-2.39-1.71-0.55-0.09-0.27-1.36-1.70
Dividend Paid 0000000000
Others -10.01-15.043.132.98-4.43-22.557.646.337.54-11.70
Net Cash Flow 4.710.59-6.164.54-5.072.14-1.811.06-1.77-0.59

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.9320.670.051.335.4413.1631.6312.95-1.841.96
ROCE (%)9.5322.124.462.835.5413.2330.8914.22-1.332.98
Asset Turnover Ratio0.130.190.090.090.070.150.280.270.080.07
PAT to CFO Conversion(x)9.351.78-110.675.540.251.810.06-0.57N/A-2.78
Working Capital Days
Receivable Days573110810421282538908
Inventory Days1,0197671,7151,9452,5111,2676535881,7362,074
Payable Days630372224259906244124756

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Thakkers Developers Ltd FAQs

The current trading price of Thakkers Developers on 10-Apr-2026 16:59 is ₹105.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Apr-2026 the market cap of Thakkers Developers stood at ₹95.24 Cr

The latest P/E ratio of Thakkers Developers as of 09-Apr-2026 is 23.36.

The latest P/B ratio of Thakkers Developers as of 09-Apr-2026 is 0.67.

The 52-week high of Thakkers Developers is ₹222.8 and the 52-week low is ₹83.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thakkers Developers is ₹14.56 ( Cr.) .

About Thakkers Developers Ltd

Thakkers Developers Ltd is a public limited company domiciled in India and incorporated on March 30, 1987 under the provision of Companies Act, 1956. The registered office of Company is located at 37/39, Kantol Niwas, Modi Street, Fort, Mumbai 400 001. The administrative office of the Company is at 7, Thakkers, Near Nehru Garden, Nashik. Shares of the Company are listed on Bombay Stock Exchange (BSE). 

Business area of the company

The company is engaged in the business of Real Estate & Construction activities.

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