Thakker's Developers Ltd.

Thakker's Developers Ltd.

133.90
INR
0.00
(0.00%)
15.16EPS
8.11P/E
1.11BMarket Cap
Thakker's Developers Ltd.
NSE:THAKDEV
(National Stock Exchange of India)

Recent

price

133.90

P/E

ratio

8.11

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
48.38
50.3
48.74
50.74
55.34
34.36
46.19
31.24
20.46
23.23
29.8
33.23
51.13
34.23
35.1
39.05
48.92
Revenue per Share
12.08
13.14
8.11
8.45
10.35
2.49
15.11
0.39
1.25
8.23
12.7
37.72
17.94
-1.05
7.2
5.68
15.16
Basic EPS, GAAP
-0.04
7.66
-6.28
-48.49
42.35
22.88
26.51
-6.5
32.17
1.12
22.4
-7.02
-13.97
14.92
-17.53
1.74
9.52
Free Cash Flow per Basic Share
- -
1.2
1.3
1.4
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
26.6
40.48
46.97
55.42
65.61
68.13
83.61
84
85.24
93.47
106.08
143.61
161.32
160.54
167.81
173.65
184.82
Book Value per Share
26.6
40.48
46.97
55.42
65.61
68.12
83.61
84
85.24
93.47
106.07
143.6
161.31
160.54
167.81
173.65
184.82
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
435
453
439
457
500
311
418
281
184
209
268
299
460
308
316
351
441
Sales/Revenue/Turnover
41.73
45.83
28.53
44.41
51.66
32.46
54.66
3.41
12
16.55
36.03
110.83
41.13
-4.45
13.68
7.48
23.08
Operating Margin (%)
1
4
9
11
15
12
12
18
16
12
7
10
17
23
18
19
18
Depreciation Expense
109
118
73
76
94
23
137
3
11
74
114
339
161
-9
65
51
137
Net Income, GAAP
35.82
35.2
34.19
33.99
36.87
36.37
24.56
83.94
- -
11.49
14.59
4.21
18
- -
16.37
27.9
12.66
Effective Tax Rate (%)
24.96
26.13
16.65
16.66
18.7
7.26
32.72
1.24
6.09
35.43
42.63
113.52
35.09
-3.08
20.5
14.55
30.99
Profit Margin (%)
746
405
380
497
303
793
879
860
908
894
980
1,074
1,139
1,298
1,258
1,263
1,306
Working Capital
213
211
256
632
352
321
167
218
214
239
13
138
148
160
156
149
121
LT Debt
260
364
423
499
593
616
752
756
767
841
955
1,292
1,452
1,445
1,510
1,563
1,663
Total Equity
25.2
17.97
8.73
6.5
6.68
1.66
10.91
0.13
- -
2.77
7.85
26.13
9.91
- -
2.07
1.1
5.01
Return on Invested Capital (%)
28.8
25.41
14.43
13
13.39
5.86
16.24
0.77
- -
8.08
11.35
28.1
10.53
- -
4.57
3.28
8.05
Return on Capital (%)
52.08
39.19
18.56
16.51
17.13
3.73
19.97
0.46
1.47
9.21
12.73
30.21
11.77
-0.65
4.38
3.33
8.57
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
27
22
36
LT Borrowings
140
149
121
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
- -
- -
1,107

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
1,260
1,384
1,446
Cash, Cash Equivalents & STI
71
110
185
Accounts Receivable, Net
4
14
6
Inventories
917
898
833
Total Current Liabilities
56
121
139
Payables & Accruals
- -
- -
- -
ST Debt
27
22
36
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.25%
11.05%
3.48%
Free Cash Flow
53.74%
-113.28%
-109.9%
Net Income, GAAP
47.94%
-153.08%
-21.07%
Sales/Revenue/Turnover
5.52%
9.22%
11.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
41
143
71
62
316
2026
90
65
144
48
351
2027
184
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.37
3.2
0.14
4.21
7.2
2026
1.61
0.73
5.61
-2.33
5.68
2027
11.17
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Business
Thakkers Developers Limited operates primarily in the construction and real estate sector, engaged in the development of residential and commercial properties, plots/land development, retail spaces, agricultural production, and plantation activities. The company offers a diversified portfolio including residential apartments, row houses, commercial buildings, retail complexes, and agricultural land across Nashik and has recently expanded its operations to Mumbai, Alibaug, and Vadodara. Founded in 1962 and headquartered in Nashik, India, Thakkers Developers operates as part of the larger Thakkers Group, providing construction, infrastructure, and real estate development services. The company manufactures and sells residential units such as 1 BHK to 4 BHK apartments and row houses, along with commercial and retail spaces, and engages in agricultural land development. Notable projects include large-scale residential developments like The Manor and Sea Face House in Worli and commercial properties such as Manohar Arcade and M Square in Nashik. Its projects emphasize luxury, quality, and sophistication in new urban markets. Thakkers Developers manages significant retail and commercial premises including the award-winning Thakkers Buzz’R with 650 shops. Recent key developments include a strategic geographic expansion beyond Nashik into Mumbai, Alibaug, and Vadodara, accompanied by the launch of new residential and commercial projects in these regions. In 2025, the promoter group completed a significant internal shareholding restructuring through gift transfers, reinforcing consolidated promoter control while maintaining a stable 56.09% overall holding. The company has demonstrated continued business growth with a 2025 sales growth of approximately 2.54%, reflecting its sustained focus on real estate development and construction activities in multiple market segments and regions. Thakkers Developers Limited operates primarily in the Indian real estate and construction industry servicing residential, commercial, retail, and agricultural sectors. It targets a broad customer base spanning homebuyers, commercial tenants, retail investors, and agricultural land users, leveraging its long-standing presence and expertise in Nashik and its expanding footprint in prominent urban centers. The company is headquartered in Nashik, Maharashtra, India. Overall, Thakkers Developers Limited is a well-established real estate and construction enterprise that provides comprehensive real estate products and services, including residential, commercial, retail developments, and land/plots development, with recent strategic expansions into major cities and ongoing efforts to enhance its property portfolio and operational footprint. Its sustained growth, project diversity, and promoter restructuring underscore its ongoing market relevance and strategic positioning within the Indian real estate sector.