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Swing Capital

Thakkers Developers Ltd

NSE: THAKDEV BSE: 526654Infra

Incorporated in 1987, Thakkers Developers Ltd is in the business of Real Estate & Construction activities[1]

₹137
52W: ₹83.1 — ₹214
PE 30.2 · Book ₹156 · -12% vs book
Market Cap₹123 Cr
Stock P/E30.2Price to Earnings
ROCE2.98%Return on Capital
ROE1.96%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.88 times its book value
  • +Company is expected to give good quarter
  • +Debtor days have improved from 23.2 to 15.6 days.

Weaknesses

  • −The company has delivered a poor sales growth of 1.57% over past five years.
  • −Company has a low return on equity of 4.20% over last 3 years.
  • −Earnings include an other income of Rs.6.37 Cr.
  • −Working capital days have increased from 1,776 days to 2,728 days

Shareholding Pattern

Promoters71.31%
FIIs0%
DIIs0%
Public28.7%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.31%71.31%71.31%71.31%71.31%71.31%71.31%71.31%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0%0%0%0%0%0%0%
Public28.7%28.69%▼0.028.69%28.68%▼0.028.68%28.68%28.68%28.7%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1.273.171.782.523.453.314.052.592.515.42
Expenses2.473.313.172.933.033.023.113.033.784.16
Operating Profit-1.2-0.14-1.39-0.410.420.290.94-0.44-1.271.26
OPM %-94.49%-4.42%-78.09%-16.27%12.17%8.76%23.21%-16.99%-50.6%23.25%
Net Profit-1.770.15-1.76-0.470.640.522.03-0.170.741.48
EPS ₹-1.970.17-1.96-0.520.710.582.26-0.190.821.64

AI Insights

Revenue Trend

TTM revenue at ₹14.57Cr, up 9.3% YoY. OPM at 3.36%.

Debt Position

Borrowings at ₹12.16Cr. Debt-to-equity ratio: 0.09x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 71.31%.

Margin & Efficiency

ROCE declining from 19.77% (Mar 2014) to 2.98% (Mar 2025). Working capital days: 2727.51.

Valuation

PE 30.2x with 2.98% ROCE. Price is -12% above book value of ₹156. Dividend yield: 0%.

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