THAKKERS DEVELOPERS LTD. (THAKDEV) is an Indian publicly traded corporation listed on the National Stock Exchange of India (NSE: THAKDEV). Currently trading at ₹138, the company commands a market capitalization of ₹115 Crores. The stock trades at a Price-to-Earnings (P/E) multiple of 8.2x against an industry ROCE of 100.5%. Part of the Real Estate sector (Real Estate - Development industry).
THAKKERS DEVELOPERS LTD. (THAKDEV) is an Indian enterprise listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) in the Real Estate sector, specializing in Real Estate - Development. The company submits audited and unaudited financial filings in compliance with SEBI regulations and Ind-AS statutory accounting standards.
Comparison of THAKKERS DEVELOPERS LTD. against its top peers in the Real Estate - Development industry.
Side-by-side fundamental showdowns: compare valuation multiples, ROCE efficiency, profit growth & balance sheet safety.
High-level trend in Rs. Crores (Consolidated)
Consolidated Figures in Rs. Crores
Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 18 | 5 | 14 | 7 | 9 | 6 | 7 | 14 |
| Expenses + | 8 | 4 | 9 | 5 | 7 | 3 | 8 | 12 |
| Operating Profit | 11 | 1 | 6 | 1 | 2 | 3 | -1 | 2 |
| OPM % | 57% | 13% | 39% | 20% | 23% | 50% | -14% | 14% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 10 | -0 | 5 | 1 | 1 | 5 | 0 | 3 |
| Tax % | 0% | 0% | -1% | -1% | 0% | 20% | 0% | 0% |
| Net Profit + | 10 | -2 | 5 | 1 | 1 | 4 | 0 | 3 |
| EPS in Rs | 11.17 | -2.33 | 5.61 | 0.73 | 1.61 | 4.24 | 0.14 | 3.20 |
Consolidated Figures in Rs. Crores (Annual)
| Mar '26 | Mar '25 | Mar '24 | |
|---|---|---|---|
| Equity Capital | 9 | 9 | 9 |
| Reserves | 143 | 138 | 131 |
| Borrowings | 17 | 20 | 31 |
| Other Liabilities | 39 | 47 | 59 |
| Total Liabilities | 212 | 218 | 234 |
| Fixed Assets | 6 | 7 | 7 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 |
| Other Assets | 207 | 211 | 228 |
| Total Assets | 212 | 218 | 234 |
Consolidated Figures in Rs. Crores (Annual)
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Mar '24 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 2 | 1 | 5 | -5 | -14 | 15 |
| Cash from Investing Activity | -2 | 1 | -0 | -1 | 3 | 27 | -22 |
| Cash from Financing Activity | -2 | -3 | 1 | -4 | 1 | -14 | 7 |
| Net Cash Flow | -1 | 1 | 2 | 0 | -1 | -0 | 1 |
Deep Forensic Fundamental Analysis
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The company has consistently prioritized aggressive expansion into emerging markets while maintaining a lean operational structure. Recent quarters show a pivot towards high-margin digital services, though capital expenditure remains elevated due to infrastructure investments.
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Key financial questions, valuation metrics, and quarterly analysis for THAKKERS DEVELOPERS LTD. (THAKDEV)
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