Market Cap ₹170 Cr.
Stock P/E 28.8
P/B 1.2
Current Price ₹189.3
Book Value ₹ 162.8
Face Value 10
52W High ₹274.9
Dividend Yield 0%
52W Low ₹ 118
Thakkers Developers Limited is an India-based company that is a leading construction and real estate enterprise of Nashik. The company was incorporated in 1987 and has a distinction of being the most trusted name in the city. The company is engaged in developing landmark residential and commercial properties in the twin cities since the last three decades. It has also diversified into high-end apartments, commercial complexes, hospitality ventures, malls, IT parks, and large format high-end integrated townships. The company has a strong portfolio of over 100 projects delivered, 10 million sq.ft developed, and 10,000 homes delivered. The company has also achieved many firsts in the industry, such as the first BOT project of new Central Bus Station (CBS) with Commercial Complex of 650 shops with MSRTC at Nashik.
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Price falls below X
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PE falls below X
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 29 | 7 | 18 | 9 | 14 | 15 | 19 | 10 | 9 | 5 |
| Other Income | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Total Income | 29 | 7 | 20 | 9 | 14 | 16 | 20 | 10 | 9 | 6 |
| Total Expenditure | 3 | 5 | 11 | 5 | 8 | 14 | 11 | 9 | 8 | 5 |
| Operating Profit | 26 | 1 | 9 | 5 | 7 | 1 | 9 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 26 | 1 | 8 | 4 | 7 | 1 | 8 | 0 | 0 | -0 |
| Provision for Tax | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 0 | 0 | -1 |
| Profit After Tax | 26 | 1 | 7 | 4 | 7 | 1 | 5 | 0 | 0 | 1 |
| Adjustments | 0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Profit After Adjustments | 26 | 1 | 7 | 4 | 7 | 1 | 5 | 0 | 0 | 1 |
| Adjusted Earnings Per Share | 28.7 | 0.8 | 7.8 | 4.7 | 7.3 | 0.9 | 5.1 | 0.5 | 0.1 | 0.9 |
| #(Fig in Cr.) | Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 57 | 53 | 29 | 41 | 21 | 19 | 21 | 28 | 55 | 58 | 43 |
| Other Income | 2 | 0 | 0 | 0 | 4 | 1 | 7 | 4 | 2 | 1 | 1 |
| Total Income | 59 | 53 | 29 | 41 | 25 | 20 | 28 | 32 | 58 | 59 | 45 |
| Total Expenditure | 37 | 25 | 18 | 17 | 18 | 15 | 16 | 17 | 21 | 37 | 33 |
| Operating Profit | 22 | 28 | 12 | 24 | 7 | 5 | 11 | 15 | 37 | 22 | 12 |
| Interest | 3 | 11 | 7 | 5 | 3 | 2 | 2 | 1 | 0 | 1 | 0 |
| Depreciation | 0 | 2 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 4 |
| Exceptional Income / Expenses | 0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 19 | 15 | 4 | 18 | 2 | 1 | 8 | 13 | 35 | 20 | 8 |
| Provision for Tax | 7 | 5 | 1 | 4 | 2 | -0 | 1 | 2 | 1 | 4 | 2 |
| Profit After Tax | 12 | 9 | 2 | 14 | 0 | 1 | 7 | 11 | 34 | 16 | 6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 12 | 9 | 2 | 14 | 0 | 1 | 7 | 11 | 34 | 16 | 6 |
| Adjusted Earnings Per Share | 13.4 | 10.3 | 2.5 | 15.2 | 0.4 | 1.2 | 8.2 | 12.7 | 37.7 | 17.6 | 6.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 5% | 40% | 23% | 0% |
| Operating Profit CAGR | -41% | 26% | 26% | 0% |
| PAT CAGR | -53% | 32% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 38% | 41% | 24% | 2% |
| ROE Average | 12% | 18% | 13% | 16% |
| ROCE Average | 13% | 19% | 14% | 18% |
| #(Fig in Cr.) | Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 28 | 59 | 62 | 75 | 76 | 77 | 84 | 95 | 129 | 145 |
| Minority's Interest | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 25 | 35 | 32 | 17 | 22 | 21 | 24 | 1 | 14 | 15 |
| Other Non-Current Liabilities | -0 | 43 | 85 | 91 | 73 | 68 | 49 | 48 | 56 | 46 |
| Total Current Liabilities | 90 | 89 | 50 | 34 | 28 | 22 | 23 | 33 | 23 | 24 |
| Total Liabilities | 144 | 226 | 228 | 217 | 198 | 188 | 180 | 178 | 222 | 231 |
| Fixed Assets | 2 | 5 | 4 | 6 | 7 | 6 | 4 | 3 | 6 | 7 |
| Other Non-Current Assets | 1 | 102 | 103 | 89 | 77 | 70 | 63 | 44 | 86 | 85 |
| Total Current Assets | 141 | 120 | 121 | 122 | 115 | 112 | 112 | 131 | 130 | 138 |
| Total Assets | 144 | 226 | 228 | 217 | 198 | 188 | 180 | 178 | 222 | 231 |
| #(Fig in Cr.) | Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 2 | 3 | 8 | 4 | 2 | 7 | 2 | 4 | 3 |
| Cash Flow from Operating Activities | -0 | 39 | 21 | 27 | -3 | 30 | 1 | 20 | -3 | -10 |
| Cash Flow from Investing Activities | -2 | -1 | 0 | -5 | 1 | -1 | 0 | 5 | -12 | 5 |
| Cash Flow from Financing Activities | 4 | -37 | -17 | -21 | 1 | -24 | -6 | -23 | 12 | 6 |
| Net Cash Inflow / Outflow | 2 | 1 | 5 | 1 | -1 | 5 | -5 | 2 | -2 | 1 |
| Closing Cash & Cash Equivalent | 5 | 3 | 8 | 9 | 2 | 7 | 2 | 4 | 3 | 4 |
| # | Mar 2011 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 13.38 | 10.35 | 2.49 | 15.18 | 0.39 | 1.25 | 8.23 | 12.7 | 37.72 | 17.63 |
| CEPS(Rs) | 13.66 | 12.04 | 3.83 | 16.47 | 2.34 | 2.97 | 9.52 | 13.51 | 38.8 | 19.79 |
| DPS(Rs) | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 31.15 | 65.61 | 68.1 | 83.61 | 84 | 85.24 | 93.47 | 106.08 | 143.61 | 161.32 |
| Core EBITDA Margin(%) | 34.31 | 51.84 | 39.09 | 59.12 | 13.17 | 19.97 | 22.09 | 37.64 | 61.5 | 35.64 |
| EBIT Margin(%) | 37.91 | 49.31 | 35.76 | 56.58 | 24.73 | 16.76 | 48.25 | 50.5 | 64.17 | 35.11 |
| Pre Tax Margin(%) | 33.27 | 28.06 | 12.3 | 44.65 | 10.58 | 4 | 40.03 | 48.49 | 63.88 | 34.09 |
| PAT Margin (%) | 21.26 | 17.71 | 7.83 | 33.68 | 1.7 | 5.96 | 35.43 | 41.42 | 61.19 | 27.96 |
| Cash Profit Margin (%) | 21.69 | 20.61 | 12.02 | 36.53 | 10.25 | 14.21 | 40.99 | 44.06 | 62.95 | 30.83 |
| ROA(%) | 9.48 | 5.05 | 0.99 | 6.14 | 0.17 | 0.58 | 4.03 | 6.39 | 16.97 | 7.13 |
| ROE(%) | 52.57 | 21.42 | 3.73 | 19.97 | 0.46 | 1.47 | 9.21 | 12.73 | 30.21 | 11.77 |
| ROCE(%) | 48.44 | 31.21 | 9.32 | 21.63 | 4.79 | 2.93 | 9.16 | 13.3 | 29.35 | 13 |
| Receivable days | 29.17 | 42.18 | 62.62 | 30.58 | 102.38 | 93.82 | 15.87 | 31.46 | 28.87 | 41.96 |
| Inventory Days | 307.63 | 475.54 | 1113.96 | 854.35 | 1771.92 | 1903.66 | 1681.23 | 1322.41 | 743.49 | 738.7 |
| Payable days | 138.64 | 280.53 | 641.88 | 384.49 | 203.79 | 189.56 | 52.77 | 59.82 | 43.89 | 12.29 |
| PER(x) | 5.16 | 14.21 | 41.32 | 5.7 | 208.53 | 54.63 | 5.83 | 7.48 | 2.62 | 7.24 |
| Price/Book(x) | 2.22 | 2.24 | 1.51 | 1.03 | 0.96 | 0.8 | 0.51 | 0.9 | 0.69 | 0.79 |
| Dividend Yield(%) | 1.74 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.44 | 3.49 | 4.52 | 2.58 | 4.94 | 4.6 | 3.28 | 3.04 | 1.83 | 2.31 |
| EV/Core EBITDA(x) | 3.75 | 6.69 | 11.24 | 4.33 | 14.8 | 18.4 | 6.09 | 5.71 | 2.78 | 6.09 |
| Net Sales Growth(%) | 53.85 | -6.82 | -45.48 | 40.89 | -49.37 | -8.38 | 11.12 | 32.02 | 101.01 | 4.1 |
| EBIT Growth(%) | 106.51 | 21.18 | -60.46 | 122.96 | -77.87 | -37.93 | 219.97 | 38.16 | 155.44 | -43.04 |
| PAT Growth(%) | 134.49 | -22.36 | -75.9 | 506.19 | -97.45 | 221.53 | 560.14 | 54.35 | 196.96 | -52.44 |
| EPS Growth(%) | 229.29 | -22.7 | -75.9 | 508.88 | -97.45 | 221.53 | 560.14 | 54.35 | 196.96 | -53.26 |
| Debt/Equity(x) | 0.87 | 0.93 | 0.73 | 0.4 | 0.41 | 0.42 | 0.32 | 0.03 | 0.12 | 0.15 |
| Current Ratio(x) | 1.57 | 1.34 | 2.43 | 3.56 | 4.11 | 5.21 | 4.91 | 3.98 | 5.65 | 5.7 |
| Quick Ratio(x) | 1 | 0.38 | 0.63 | 0.65 | 0.55 | 0.72 | 0.72 | 0.81 | 0.38 | 1.08 |
| Interest Cover(x) | 8.17 | 2.32 | 1.52 | 4.74 | 1.75 | 1.31 | 5.87 | 25.21 | 221 | 34.54 |
| Total Debt/Mcap(x) | 0.39 | 0.41 | 0.48 | 0.39 | 0.42 | 0.52 | 0.63 | 0.03 | 0.17 | 0.19 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 | 71.31 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 | 28.69 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
Pros
Cons
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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