Arthneeti

Thakkers Developers Share Price & Earnings Call Analysis

₹144.63+4.80% today
Market cap
₹130 Cr
P/E
9.51
ROE
3.33%
PEG
-0.29
Price to sales
2.96
Debt to equity
0.09
52W high / low
₹175 / ₹96.1
Sales growth (5Y)
5.10%
EBITDA margin
27.26%
Net profit margin
14.44%
Promoter holding
71.31%
Sales (last year)
₹44 Cr

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. SobhaGood growth
    2
  2. Strong growth
    1
  3. Man InfraGood growth
    3
See all potential multibaggersWhere does Thakkers Developers rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,022 Cr41.0
2Sobha20–40%Up 2%+₹12,032 Cr63.0
3Man Infra20–40%Up 2%+₹4,311 Cr19.2
420–40%Up 2%+₹1,091 Cr11.9
520–40%Flat₹1.04L Cr23.8
620–40%Flat₹59,882 Cr22.6

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Financials of Thakkers Developers

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Thakkers Developers

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +15.2619.1110.268.975.196.384.0914.267.056.188.996.5014.39
Expenses +14.1711.159.178.324.698.024.3311.587.152.447.757.829.54
Operating Profit1.097.961.090.650.50-1.64-0.242.68-0.103.741.24-1.324.85
OPM %7.14%41.65%10.62%7.25%9.63%-25.71%-5.87%18.79%-1.42%60.52%13.79%-20.31%33.70%
Other Income +0.240.920.170.200.370.580.831.071.262.040.822.640.82
Interest0.080.250.250.220.340.570.490.430.470.340.180.200.20
Depreciation0.430.560.520.580.610.600.430.440.450.450.440.460.49
Profit before tax0.828.070.490.05-0.08-2.23-0.332.880.244.991.440.664.98
Tax %1.22%43.00%0.00%0.00%-1,050.00%1.35%0.00%0.00%50.00%23.25%0.00%-1.52%-1.41%
Net Profit +0.814.610.490.050.77-2.26-0.332.880.133.821.440.665.05
EPS in Rs0.905.120.540.060.86-2.51-0.373.200.144.241.600.735.61

Financials of Thakkers Developers

Profit & Loss

Annual income statement trend

Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +57513242281821285558313236
Expenses +37242118251516172137302628
Operating Profit19271124345103420169
OPM %34%54%35%57%10%20%22%38%62%35%2%19%24%
Other Income +2000417421156
Interest31175322100121
Depreciation0211221112222
Profit before tax1915418218133520-2812
Tax %36%37%36%25%84%-49%11%15%4%18%-46%16%
Net Profit +129214017113416-1611
EPS in Rs13.3910.392.5015.180.391.248.2312.7037.7217.94-1.067.2012.18
Dividend Payout %9%0%0%0%0%0%0%0%0%0%0%0%

Financials of Thakkers Developers

Balance Sheet

Capital structure and asset base

Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital9999999999999
Reserves1950536667687586120136135142144
Borrowings +2555453031322731522312016
Other Liabilities +92112121111927968787660594748
Total Liabilities144226228217198188180176220228234218217
Fixed Assets +25414181714131415141514
CWIP0000000000000
Investments1441156741693046
Other Assets +141217220191175165158160191204190198197
Total Assets144226228217198188180176220228234218217

Financials of Thakkers Developers

Cash Flows

Operating, investing and financing cash movement

Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-0392127-36120-3-1015-14
Cash from Investing Activity +-2-10-51-105-125-2227
Cash from Financing Activity +4-37-17-2110-6-231267-14
Net Cash Flow2151-15-52-211-0
Free Cash Flow-2382124-65121-6-1313-16
CFO/OP7%158%214%124%-51%153%47%218%4%-30%2,356%-209%

Financials of Thakkers Developers

Ratios

Working capital efficiency and return ratios

Mar 2011Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days38454028108287572956219
Inventory Days4,1395,332
Days Payable4353
Cash Conversion Cycle3845402810828757294,1525,3009
Working Capital Days2991937186941,0701,5991,4591,2266036581,1771,096
ROCE %46%9%22%5%3%9%13%29%13%-0%5%

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