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Thakkers Developers (THAKDEV)₹134.200.00%Residential, Commercial Projects
In the Jun 2026 quarter (consolidated), Thakkers Developers reported sales of ₹18.01 Cr, up 99.9% from Jun 2025, and net profit of ₹10.02 Cr, up 892.1% year on year. For the year to Mar 2026, sales were ₹35.06 Cr and net profit ₹5.01 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.02 | 5.01 | 6.01 | 4.01 | 14.01 | 7.01 | 6.01 | 9.01 | 6.01 | 14.01 | 5.01 | 18.01 |
| Expenses | 7.99 | 4.99 | 7.99 | 3.99 | 11.98 | 6.99 | 1.99 | 7.98 | 7.99 | 9.99 | 5.99 | 8.99 |
| Operating Profit | 0.99 | 0.00 | −1.99 | 0.00 | 3.01 | 0.00 | 4.01 | 1.01 | −1.01 | 4.99 | −1.01 | 10.01 |
| OPM % | 7.0% | 10.0% | −26.0% | −6.0% | 19.0% | −1.4% | 61.0% | 14.0% | −20.0% | 34.0% | −23.0% | 52.0% |
| Other Income | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 1.01 | 3.01 | 1.01 | 2.01 | 1.01 |
| Interest | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 |
| Profit before tax | 0.00 | 0.00 | −2.01 | 0.00 | 3.01 | 0.00 | 4.99 | 1.01 | 1.01 | 4.99 | 0.00 | 10.01 |
| Tax % | 0.0% | −1,050.0% | 1.0% | 0.0% | 0.0% | 50.0% | 23.0% | 0.0% | −2.0% | −1.0% | 5,125.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.00 | 1.01 | −2.01 | 0.00 | 3.01 | 0.00 | 4.01 | 1.01 | 1.01 | 5.01 | −2.01 | 10.02 |
| EPS (Rs) | 0.07 | 0.87 | −2.52 | −0.38 | 3.21 | 0.15 | 4.25 | 1.61 | 0.74 | 5.63 | −2.34 | 11.21 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32.01 | 42.06 | 28.02 | 18.03 | 21.01 | 28.02 | 55.10 | 58.01 | 31.01 | 32.04 | 35.06 | 43.04 |
| Expenses | 20.97 | 17.97 | 24.95 | 14.97 | 15.96 | 16.96 | 20.97 | 36.94 | 29.97 | 25.97 | 30.95 | 32.96 |
| Operating Profit | 11.01 | 24.01 | 2.99 | 3.99 | 5.01 | 10.01 | 34.03 | 20.01 | 0.99 | 6.01 | 4.01 | 12.98 |
| OPM % | 35.0% | 57.0% | 10.0% | 20.0% | 22.0% | 38.0% | 62.0% | 35.0% | 2.0% | 19.0% | 11.0% | 30.2% |
| Other Income | 0.00 | 0.00 | 4.01 | 1.01 | 7.02 | 4.01 | 2.01 | 1.01 | 1.01 | 5.01 | 6.02 | 7.04 |
| Interest | 6.99 | 5.01 | 2.99 | 1.99 | 1.99 | 1.01 | 0.00 | 0.00 | 0.99 | 2.01 | 0.99 | 0.00 |
| Depreciation | 0.99 | 0.99 | 1.99 | 1.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 0.99 |
| Profit before tax | 4.01 | 17.99 | 2.01 | 1.01 | 7.99 | 12.99 | 34.99 | 20.01 | −2.01 | 7.99 | 6.99 | 16.01 |
| Tax % | 36.0% | 25.0% | 84.0% | −49.0% | 11.0% | 15.0% | 4.0% | 18.0% | −46.0% | 16.0% | 28.0% | — |
| Exceptional items | −0.05 | 0.00 | −0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.04 | 0.00 | 0.00 |
| Net Profit | 2.01 | 14.03 | 0.00 | 1.01 | 7.02 | 11.02 | 34.06 | 16.02 | −1.01 | 6.01 | 5.01 | 14.03 |
| EPS (Rs) | 2.51 | 15.23 | 0.40 | 1.25 | 8.26 | 12.74 | 37.86 | 18.01 | −1.07 | 7.22 | 5.70 | 15.24 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.98 | 9.01 | 8.98 | 8.99 | 8.97 | 8.99 | 9.02 | 8.99 | 9.01 | 8.99 | 9.01 | 9.01 |
| Reserves | 50.12 | 53.16 | 66.19 | 67.16 | 68.15 | 75.18 | 86.28 | 120 | 136 | 135 | 142 | 147 |
| Borrowings | 55.23 | 45.17 | 30.14 | 31.13 | 32.12 | 27.12 | 3.01 | 15.06 | 22.10 | 31.14 | 20.08 | 17.08 |
| Other Liabilities | 112 | 122 | 111 | 92.45 | 79.28 | 68.32 | 78.38 | 76.36 | 60.29 | 59.14 | 47.23 | 39.19 |
| Total Liabilities | 227 | 229 | 218 | 199 | 189 | 181 | 177 | 221 | 229 | 234 | 219 | 214 |
| Fixed Assets | 5.02 | 4.01 | 14.06 | 18.07 | 17.05 | 14.05 | 13.05 | 14.04 | 15.04 | 14.04 | 15.05 | 15.06 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3.98 | 3.99 | 10.97 | 4.98 | 5.98 | 6.98 | 3.99 | 15.94 | 8.97 | 29.89 | 3.98 | 6.98 |
| Other Assets | 218 | 221 | 192 | 176 | 165 | 159 | 161 | 192 | 205 | 191 | 199 | 192 |
| Inventories | 86.01 | 90.01 | 100 | 99.06 | 96.91 | 95.92 | 104 | 122 | 112 | 104 | 104 | 89.94 |
| Trade receivables | 6.02 | 4.02 | 3.01 | 8.03 | 1.01 | 0.00 | 4.01 | 4.01 | 9.03 | 2.01 | 1.01 | 4.02 |
| Cash & equivalents | 3.01 | 8.03 | 4.01 | 2.01 | 7.03 | 2.01 | 4.02 | 3.01 | 4.02 | 3.01 | 2.01 | 7.03 |
| Total Assets | 227 | 229 | 218 | 199 | 189 | 181 | 177 | 221 | 229 | 234 | 219 | 214 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 39.17 | 21.09 | 27.11 | −3.01 | 6.02 | 1.01 | 20.07 | −3.01 | −10.05 | 15.06 | −14.06 | 3.01 |
| Cash from investing activity | −0.99 | 0.00 | −4.99 | 0.99 | −0.99 | 0.00 | 4.99 | −11.97 | 4.99 | −21.97 | 26.94 | 0.99 |
| Cash from financing activity | −37.02 | −17.01 | −21.01 | 1.01 | 0.00 | −6.01 | −23.02 | 12.02 | 6.01 | 7.01 | −14.01 | −3.01 |
| Net cash flow | 0.99 | 4.99 | 0.99 | −0.99 | 4.99 | −4.99 | 1.99 | −1.99 | 0.99 | 0.99 | 0.00 | 0.99 |
| Capex | 0.69 | 0.55 | 2.54 | 2.64 | 0.43 | 0.10 | 0.14 | 3.65 | 3.04 | 1.99 | 1.79 | 0.91 |
| Free cash flow | 38.05 | 21.01 | 24.02 | −6.01 | 5.01 | 1.01 | 21.03 | −6.01 | −13.02 | 13.02 | −16.02 | 2.01 |
| CFO / OP % | 158.0% | 214.0% | 124.0% | −51.0% | 153.0% | 47.0% | 218.0% | 4.0% | −30.0% | 2,356.0% | −209.0% | 133.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 46 | 41 | 29 | 109 | 29 | 8 | 58 | 30 | 57 | 22 | 10 | 38 |
| Inventory days | — | — | — | — | — | — | — | — | 4,139 | 5,332 | — | 1,695 |
| Days payable | — | — | — | — | — | — | — | — | 43 | 53 | — | 2 |
| Cash conversion cycle | 45 | 40 | 28 | 108 | 28 | 7 | 57 | 29 | 4,152 | 5,300 | 9 | 1,730 |
| Working capital days | 192 | 717 | 693 | 1,069 | 1,598 | 1,458 | 1,225 | 602 | 657 | 1,176 | 1,095 | 1,282 |
| ROCE % | — | 9.0% | 21.9% | 5.0% | 3.0% | 9.0% | 13.0% | 28.9% | 13.0% | 0.0% | 5.0% | 5.0% |
For the Jun 2026 quarter, Thakkers Developers reported sales of ₹18.01 Cr, up 99.9% year on year and net profit of ₹10.02 Cr, up 892.1% year on year. The operating margin was 52.0%.
Thakkers Developers' sales for the year to Mar 2026 were ₹35.06 Cr; over the last twelve months they were ₹43.04 Cr.
Net profit for the year to Mar 2026 was ₹5.01 Cr, and ₹14.03 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.24.
Thakkers Developers reported borrowings of ₹17.08 Cr at Mar 2026, against cash and equivalents of ₹7.03 Cr.
Cash from operations was ₹3.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.01 Cr.