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Thakkers Developers

THAKDEV NSE
₹141.50 No trade today
P/E
9.32
View as Markdown
MCP
Close 4 Nov 2026 ₹141.50 −13.50 −8.71% 1Y
Start ₹155.00

Key Fundamentals

MicrocapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.55%
Debt to Equity
0.11
EPS (TTM)
₹15.18
Book Value
₹184.82
Market Cap
—
P/E (TTM)
9.32
P/B
0.77
ROE
3.33%
Dividend Yield
0.00%
EBITDA
₹9.70 Cr
52W High
₹163.01
52W Low
₹83.12
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Thakkers Developers peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Thakkers Developers (this company)
₹141.509.32₹130 Cr0.770.00%3.33%4.55%₹44 Cr₹14 Cr
Median 8 companies₹1,351.0029.95₹64,707 Cr3.590.31%10.00%10.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

64 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
70
Strong
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
72
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.73 times its book value
  • Company is expected to give good quarter

Weaknesses

4
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 5.10% 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.6.14 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
55.01
Neutral
MACD (12,26,9)
0.82
Bullish
SMA (50)
138.96
Bullish
SMA (200)
133.13
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+0.90%
5Y+4.56%
3Y−15.50%
1Y+9.38%
TTM+19.44%

Net profit

Net profit growth by window
10Y+9.60%
5Y−14.59%
3Y−32.14%
1Y−16.67%
TTM+75.00%

Operating cash flow

Operating cash flow growth by window
10Y−20.95%
5Y−36.90%
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−22.95 pp
5Y−24.28 pp
3Y−23.05 pp
1Y−7.32 pp
TTM+8.01 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹42.00 Cr
Mar 2018₹28.00 Cr
Mar 2019₹18.00 Cr
Mar 2020₹21.00 Cr
Mar 2021₹28.00 Cr
Mar 2022₹55.00 Cr
Mar 2023₹58.00 Cr
Mar 2024₹31.00 Cr
Mar 2025₹32.00 Cr
Mar 2026₹35.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹14.00 Cr
Mar 2018₹0.00 Cr
Mar 2019₹1.00 Cr
Mar 2020₹7.00 Cr
Mar 2021₹11.00 Cr
Mar 2022₹34.00 Cr
Mar 2023₹16.00 Cr
Mar 2024−₹1.00 Cr
Mar 2025₹6.00 Cr
Mar 2026₹5.00 Cr

Quarterly Results

₹ Cr
526654 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
10
9
5
6
4
14
7
6
9
6
14
5
18
Expenses
9
8
5
8
4
12
7
2
8
8
10
6
9
Operating Profit
1
1
0
−2
0
3
0
4
1
−1
5
−1
10
OPM %
11%
7%
10%
−26%
−6%
19%
−1.4%
61%
14%
−20%
34%
−23%
52%
Other Income
0
0
0
1
1
1
1
2
1
3
1
2
1
Interest
0
0
0
1
0
0
0
0
0
0
0
0
0
Depreciation
1
1
1
1
0
0
0
0
0
0
0
1
0
PBT
0
0
0
−2
0
3
0
5
1
1
5
0
10
Tax %
0%
0%
−1050%
1%
0%
0%
50%
23%
0%
−2%
−1%
5125%
0%
Net Profit
0
0
1
−2
0
3
0
4
1
1
5
−2
10
EPS (₹)
0.54
0.06
0.86
−2.51
−0.37
3.2
0.14
4.24
1.6
0.73
5.61
−2.33
11.17

Profit & Loss

₹ Cr
526654 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
51
32
42
28
18
21
28
55
58
31
32
35
44
Expenses
24
21
18
25
15
16
17
21
37
30
26
31
32
Operating Profit
27
11
24
3
4
5
10
34
20
1
6
4
12
OPM %
54%
35%
57%
10%
20%
22%
38%
62%
35%
2%
19%
12%
27%
Other Income
0
0
0
4
1
7
4
2
1
1
5
5
6
Interest
11
7
5
3
2
2
1
0
0
1
2
1
1
Depreciation
2
1
1
2
2
1
1
1
2
2
2
2
2
PBT
15
4
18
2
1
8
13
35
20
−2
8
7
16
Tax %
37%
36%
25%
84%
−49%
11%
15%
4%
18%
−46%
16%
28%
—
Net Profit
9
2
14
0
1
7
11
34
16
−1
6
5
14
EPS (₹)
10.39
2.5
15.18
0.39
1.24
8.23
12.7
37.72
17.94
−1.06
7.2
5.68
15.18
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
526654 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
9
9
9
9
9
9
9
9
9
9
9
9
Reserves
50
53
66
67
68
75
86
120
136
135
142
147
Borrowings
55
45
30
31
32
27
3
15
22
31
20
17
Other Liabilities
112
121
111
92
79
68
78
76
60
59
47
39
Total Liabilities
226
228
217
198
188
180
176
220
228
234
218
212
Fixed Assets
5
4
14
18
17
14
13
14
15
14
15
15
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
4
4
11
5
6
7
4
16
9
30
4
7
Other Assets
217
220
191
175
165
158
160
191
204
190
198
191
Total Assets
226
228
217
198
188
180
176
220
228
234
218
212

Cash Flow

₹ Cr
526654 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
39
21
27
−3
6
1
20
−3
−10
15
−14
2
Investing
−1
0
−5
1
−1
0
5
−12
5
−22
27
1
Financing
−37
−17
−21
1
0
−6
−23
12
6
7
−14
−3
Net Cash Flow
1
5
1
−1
5
−5
2
−2
1
1
0
1
Free Cash Flow
38
21
24
−6
5
1
21
−6
−13
13
−16
2
CFO/OP
158
214
124
−51
153
47
218
4
−30
2,356
−209
102

Ratios

526654 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
45
40
28
108
28
7
57
29
56
21
9
14
Inventory Days
—
—
—
—
—
—
—
—
4,139
5,332
—
1,929
Days Payable
—
—
—
—
—
—
—
—
43
53
—
3
Cash Conversion Cycle
45
40
28
108
28
7
57
29
4,152
5,300
9
1,941
Working Capital Days
193
718
694
1,070
1,599
1,459
1,226
603
658
1,177
1,415
1,189
ROCE %
—
9%
22%
5%
3%
9%
13%
29%
13%
0%
5%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Thakkers Developers insights

52 extracted metrics across FY15–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.31%
  • Others 21.69%
  • Public 7.00%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Thakkers Developers

What does Thakkers Developers Ltd do?
Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities
Where is Thakkers Developers Ltd (THAKDEV) listed?
Thakkers Developers Ltd trades as THAKDEV on the NSE and under code 526654 on the BSE.
Which sector does Thakkers Developers Ltd belong to?
Thakkers Developers Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Thakkers Developers Ltd?
Thakkers Developers Ltd trades at a PE ratio of 9.32 as of 4 Nov 2026, on earnings per share of ₹15.18, against a book value of ₹184.82 per share.
What is the 52-week high and low of Thakkers Developers Ltd?
Over the last 52 weeks Thakkers Developers Ltd has traded between ₹83.12 and ₹163.01 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Thakkers Developers Ltd?
Thakkers Developers Ltd reported a return on equity of 3.33%. Its debt-to-equity ratio is 0.11.

Company Information

Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities

Website thakkersdevelopers.com
Listed 20 Apr 2026
Face Value ₹10

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