Is Thakkers Developers Ltd (526654) a good quality company?

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

Is Thakkers Developers Ltd (526654) 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 .

What is Thakkers Developers Ltd (526654) share price return in the past 10 years?

Thakkers Developers Ltd share price has appreciated 2.8% annually (CAGR) over the past ten years.

Is Thakkers Developers Ltd (526654) 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.

What is the share price of Thakkers Developers Ltd (526654)?

Company share prices are keep on changing according to the market conditions. The current trading price of Thakkers Developers Ltd (526654) on 17-Apr-2026 16:59:59 at 16:59 is 123.00.

What is the P/E ratio of Thakkers Developers?

The latest standalone P/E ratio of Thakkers Developers as of 17-Apr-2026 is 27.15.

What is the P/B ratio of Thakkers Developers Ltd (526654)?

The latest standalone P/B ratio of Thakkers Developers Ltd (526654) as of 17-Apr-2026 is 0.78.

What is the 52-week high and low of Thakkers Developers Ltd (526654)?

The 52-week high of Thakkers Developers Ltd (526654) is Rs. 222.75 and the 52-week low is Rs. 83.12.

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

Name: Thakkers Developers Ltd (526654)
Brand: Thakkers Developers

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

Thakkers Developers Ltd (526654)

BSE: 526654 NSE:

Key Metrics

Market Cap

₹111 Cr.

P/E Ratio

27.15

Price to Book (P/B)

0.78

Price to Sales (P/S)

7.60

EV/EBITDA

17.91

Return on Capital Employed (ROCE)

2.98%

Current Price

₹123

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 Revenue growth of Thakkers Developers Ltd?

Thakkers Developers Ltd revenue growth is -19.2% for FY-2025 , which is below its 5 year CAGR of 1.6% , indicating slower growth.

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 0.00% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Thakkers Developers Ltd belong to?

Thakkers Developers Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Construction - Real Estate segment.

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 2.8% based on the current price.

DeciZen - make an informed investing decision on Thakkers Developers

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation ⓘ

3. Price Trend

Thakkers Developers stock performance

Key Ratios

Is Thakkers Developers Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9.5%	22.1%	4.5%	2.8%	5.5%	13.2%	30.9%	14.2%	-1.3%	3%	-
Value Creation Index ⓘ	-0.3	0.6	-0.7	-0.8	-0.6	-0.1	1.2	0.0	-1.1	-0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	28.8	40.6	18.8	16.2	12.3	25.7	53.3	55.3	16.5	13.3	15
Sales YoY Gr.	-	40.9%	-53.6%	-14.2%	-23.8%	108.7%	107%	3.9%	-70.2%	-19.2%	-
Adj EPS ⓘ	2.6	15.2	0.1	1.1	4.6	12.2	37.2	18.8	-2.8	3	4.5
YoY Gr.	-	486.5%	-99.6%	1716.7%	322%	165.9%	203.8%	-49.4%	-115%	NA	-
BVPS (₹) ⓘ	65.9	81.1	81.2	82.2	86.8	99	135.9	154.5	152	155.1	157.3
Adj Net Profit ⓘ	2.3	13.7	0.1	1	4.1	11	33.4	16.9	-2.5	2.7	4
Cash Flow from Ops. ⓘ	21.3	24.3	-3.3	5.4	1.1	19.9	2.1	-9.7	5.2	-7.5	-
Debt/CF from Ops. ⓘ	2.1	1.3	-9.2	5.9	25.9	0.1	4.9	-1.8	5.1	-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
BVPSⓘ	10%	12.3%	4.5%	2%
Share Price	2.8%	4.2%	-1.3%	-40.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	4	20.7	0.1	1.3	5.5	13.2	31.6	13	-1.8	2	2.9
Op. Profit Mgn % ⓘ	39.1	59.2	12	22.2	3.3	36.9	61.9	37.5	-7.4	9.5	3.4
Net Profit Mgn % ⓘ	8.1	33.7	0.3	6.1	33.6	42.8	62.8	30.6	-15.4	20.3	28
Debt to Equity ⓘ	0.8	0.4	0.4	0.4	0.4	0	0.1	0.1	0.2	0.1	0.1
Working Cap Days ⓘ	2,558	1,722	3,396	3,634	4,478	2,165	1,141	1,185	3,866	4,799	3,363
Cash Conv. Cycle ⓘ	814	492	1,747	1,961	2,499	1,254	614	620	1,786	2,063	3,014

Recent Performance Summary

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 ⓘ	0.78	0.70
PE ⓘ	27.15	10.09

From the Market
52 Week Low / High (₹)	83.12 / 222.75
All Time Low / High (₹)	1.50 / 274.90
Market Cap (₹ Cr.)	111
Equity (₹ Cr.)	9
Face Value (₹)	10
Industry PE ⓘ	46.8

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Thakkers Developers - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	29	41	19	16	12	26	53	55	16	13
Operating Expenses ⓘ +	18	17	17	13	12	16	20	35	18	12
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	6	7	7	3	3	11	14	25	8	4
Employee Cost	4	4	6	5	4	2	1	4	5	5
Other Costs ⓘ	6	5	4	4	5	3	5	5	4	4
Operating Profit ⓘ	11	24	2	4	0	10	33	21	-1	1
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	0	4	1	7	4	2	1	1	5
Exceptional Items ⓘ	-0	-0	-0	0	0	0	0	0	0	0
Interest ⓘ	7	5	3	2	2	1	0	1	1	2
Depreciation ⓘ	1	1	2	2	1	1	1	2	2	2
Profit Before Tax ⓘ	4	18	2	1	4	12	35	20	-4	3
Tax ⓘ	1	4	2	-0	0	1	1	3	-1	0
Profit After Tax	2	14	0	1	4	11	33	17	-3	3
PAT Margin (%)	7.9%	33.7%	0.2%	6.1%	33.6%	42.8%	62.8%	30.6%	-15.4%	20.3%
Adjusted EPS (₹)	2.5	15.2	0.0	1.1	4.6	12.2	37.2	18.8	-2.8	3.0
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	59	73	73	74	78	89	122	139	137	140
Share Capital ⓘ	9	9	9	9	9	9	9	9	9	9
Reserves ⓘ	50	64	64	65	69	80	113	130	128	131
Debt +	39	24	27	30	25	3	10	17	25	14
Long Term Debt	32	17	22	21	24	1	9	10	11	11
Short Term Debt	6	7	5	8	1	1	1	7	14	2
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	10	4	4	1	1	3	0	1	1	0
Others Liabilities ⓘ	106	107	86	75	64	78	72	49	39	47
Total Liabilities ⓘ	214	208	189	179	168	173	205	205	202	200
Fixed Assets
Net Fixed Assets ⓘ +	4	6	7	6	4	3	5	7	7	7
Gross Block	10	12	15	15	15	13	13	16	17	18
Accumulated Depreciation	6	7	8	10	11	9	8	9	10	12
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	1	16	12	13	13	2	14	6	19	2
Inventories	81	89	88	84	85	93	97	81	76	76
Trade Receivables	4	3	8	1	0	4	3	8	0	1
Cash Equivalents	8	4	2	7	2	4	2	3	3	1
Others Assets ⓘ	116	90	73	68	64	67	83	100	98	114
Total Assets ⓘ	214	208	189	179	168	173	205	205	202	200

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	21	24	-3	5	1	20	2	-10	5	-8
PBT ⓘ	4	18	2	1	4	13	35	20	-4	3
Adjustment ⓘ	8	6	4	4	3	-4	-2	1	3	-1
Changes in Working Capital ⓘ	11	3	-8	1	-6	13	-28	-28	5	-9
Tax Paid ⓘ	-1	-3	-1	-0	-0	-2	-3	-3	1	-0
Cash Flow From Investing Activity ⓘ +	0	-4	-3	-1	0	5	-11	5	-14	20
Capex	-1	-3	-3	-0	-0	1	-3	-3	-2	-2
Net Investments	1	-1	-1	-1	0	4	-11	7	-13	17
Others ⓘ	0	0	0	0	0	0	2	0	1	5
Cash Flow From Financing Activity ⓘ	-17	-20	0	1	-6	-23	8	6	7	-13
Net Proceeds from Shares ⓘ +	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	1	1
Interest Paid ⓘ	-7	-5	-3	-2	-2	-1	-0	-0	-1	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-10	-15	3	3	-4	-23	8	6	8	-12
Net Cash Flow ⓘ	5	1	-6	5	-5	2	-2	1	-2	-1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	3.93	20.67	0.05	1.33	5.44	13.16	31.63	12.95	-1.84	1.96
ROCE (%)	9.53	22.12	4.46	2.83	5.54	13.23	30.89	14.22	-1.33	2.98
Asset Turnover Ratio	0.13	0.19	0.09	0.09	0.07	0.15	0.28	0.27	0.08	0.07
PAT to CFO Conversion(x)	10.5	1.71	N/A	5	0.25	1.82	0.06	-0.59	N/A	-2.67
Working Capital Days
Receivable Days	57	31	108	104	21	28	25	38	90	8
Inventory Days	1,019	767	1,715	1,945	2,511	1,267	653	588	1,736	2,074
Payable Days	630	372	224	259	90	62	44	12	47	56

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Thakkers Developers Ltd FAQs

The current trading price of Thakkers Developers on 17-Apr-2026 16:59 is ₹123.0.

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 16-Apr-2026 the market cap of Thakkers Developers stood at ₹110.7 Cr

The latest P/E ratio of Thakkers Developers as of 16-Apr-2026 is 27.15.

The latest P/B ratio of Thakkers Developers as of 16-Apr-2026 is 0.78.

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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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Thakkers Developers Ltd (526654) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Thakkers Developers Share Price