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Thakkers Developers Ltd (THAKDEV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526654 NSE: THAKDEV Construction - Real Estate | Small Cap | Thakkers Developers Share Price

₹128.10 0.00 (0.00%)

As on 04-Jun'26 16:59

Thakkers Developers Ltd (THAKDEV)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526654 NSE: THAKDEV Construction - Real Estate | Small Cap | Thakkers Developers Share Price

₹128.10 0.00 (0.00%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹115 Cr.
Current Price
₹128.1
52-Week Low / High
₹83 / 200
TTM EPS
₹1
TTM Sales
₹12 Cr.
Book Value per Share
₹156.2
P/E Ratio
127.96
Higher than its 5-year historical median
Industry PE
42.8
Price to Book (P/B)
0.82
Lower than its 5-year historical median
Price to Sales (P/S)
9.63
Higher than its 5-year historical median
EV/EBITDA
30.44
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
1.96%
Outperforms industry median
Return on Capital Employed (ROCE)
2.98%
Underperforms industry median
Return on Assets (ROA)
1.35%
Operating Profit Margin
9.5%
Net Profit Margin
20.33%
Gross Profit Margin
35.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-19.16%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
71.31%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹132 Cr.
Equity
₹9 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 274.90

Thakkers Developers stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 Is Thakkers Developers Ltd a good quality company?
Thakkers Developers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Thakkers Developers Ltd performance compare with that of its Peers?
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 0.00%, indicating faster growth and gaining its market share.
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 Stock return of Thakkers Developers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.5% based on the current price.

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

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

Sales 28.840.618.816.212.325.753.355.316.513.312
Sales YoY Gr.-40.9%-53.6%-14.2%-23.8%108.7%107%3.9%-70.2%-19.2%-
Adj EPS 2.615.20.11.14.612.237.218.8-2.831
YoY Gr.-486.5%-99.6%1716.7%322%165.9%203.8%-49.4%-115%NA-
BVPS (₹) 65.981.181.282.286.899135.9154.5152155.1156.2
Adj Net
Profit
2.313.70.114.11133.416.9-2.52.71
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

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 5.5% 9.2% -0.1% -33.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
420.70.11.35.513.231.613-1.820.6
Op. Profit
Mgn %
39.159.21222.23.336.961.937.5-7.49.5-16.2
Net Profit
Mgn %
8.133.70.36.133.642.862.830.6-15.420.37.5
Debt to
Equity
0.80.40.40.40.400.10.10.20.10.1
Working Cap
Days
2,5581,7223,3963,6344,4782,1651,1411,1853,8664,7994,718
Cash Conv.
Cycle
8144921,7471,9612,4991,2546146201,7862,0634,301

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales29411916122653551613
Operating Expenses + 18171713121620351812
Manufacturing Costs0000000000
Material Costs6773311142584
Employee Cost 4465421455
Other Costs 6544535544
Operating Profit 1124240103321-11
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 + 0041742115
Exceptional Items -0-0-00000000
Interest 7532210112
Depreciation 1122111222
Profit Before Tax 418214123520-43
Tax 142-00113-10
Profit After Tax 214014113317-33
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%

Valuation of Thakkers Developers - Standalone

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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Analyst's Notes

data not found
No data found!

Balance Sheet

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

Equity and Liabilities

Shareholders Fund + 597373747889122139137140
Share Capital 9999999999
Reserves 506464656980113130128131
Debt +3924273025310172514
Long Term Debt321722212419101111
Short Term Debt67581117142
Minority Interest0000000000
Trade Payables10441130110
Others Liabilities 1061078675647872493947
Total Liabilities 214208189179168173205205202200

Fixed Assets

Net Fixed Assets +4676435777
Gross Block10121515151313161718
Accumulated Depreciation67810119891012
CWIP 0000000000
Investments 1161213132146192
Inventories81898884859397817676
Trade Receivables4381043801
Cash Equivalents 8427242331
Others Assets 11690736864678310098114
Total Assets 214208189179168173205205202200

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2124-351202-105-8
PBT 418214133520-43
Adjustment 86443-4-213-1
Changes in Working Capital 113-81-613-28-285-9
Tax Paid -1-3-1-0-0-2-3-31-0
Cash Flow From Investing Activity + 0-4-3-105-115-1420
Capex -1-3-3-0-01-3-3-2-2
Net Investments 1-1-1-104-117-1317
Others 0000002015
Cash Flow From Financing Activity -17-2001-6-23867-13
Net Proceeds from Shares + 0000000000
Net Proceeds from Borrowing 0000000011
Interest Paid -7-5-3-2-2-1-0-0-1-2
Dividend Paid 0000000000
Others -10-1533-4-23868-12
Net Cash Flow 51-65-52-21-2-1

Financial 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)10.51.71N/A50.251.820.06-0.59N/A-2.67
Working Capital Days
Receivable Days57.1030.60107.60103.8021.2028.1025.2038.20908.30
Inventory Days1,018.80767.101,715.401,944.802,510.501,267.20652.80588.301,7362,073.80
Payable Days630.40372.30224.30258.5089.8062.2044.3011.5047.2056.40

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Thakkers Developers Ltd FAQs

The current trading price of Thakkers Developers on 04-Jun-2026 16:59 is ₹128.1.

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 03-Jun-2026 the market cap of Thakkers Developers stood at ₹115.3 Cr

The latest P/E ratio of Thakkers Developers as of 03-Jun-2026 is 128.0.

The latest P/B ratio of Thakkers Developers as of 03-Jun-2026 is 0.82.

The 52-week high of Thakkers Developers is ₹199.9 and the 52-week low is ₹83.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Thakkers Developers is ₹11.97 ( Cr.) .

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

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

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.

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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