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THAKDEV — Thakker's Developers Ltd.

BSE · Real Estate · Small Cap · Mkt cap ₹1.3B · Vol 50

₹145.40

▲ +8.55% today

Live · market · updated 7:55:11 PM

Day ₹145.40–₹145.40 · 52w ₹83.12–₹176.95

Research Thakker's Developers Ltd. (BSE: THAKDEV) using available valuation, profitability and leverage data. Check each figure's source and compare reporting periods before drawing conclusions. Missing provider data must not be treated as a reported company fact.

About Thakker's Developers Ltd.

Listed company
Thakker's Developers Ltd.
Exchange and ticker
BSE stock directory · THAKDEV
Provider sector
Real Estate
Provider industry
Real Estate - Development

Thakkers Developers Limited, together with its subsidiaries, operates as a real estate and construction company in India. It operates through Construction and Contract Related Activity, and Estate Dealing and Development Activity segments. The company is involved in various activities, such as plots/land development, commercial construction, residential, and agricultural. Thakkers Developers Limited was founded in 1962 and is based in Nashik, India.

Source: Yahoo Finance — Thakker's Developers Ltd. company profileCompany website

Financial statements and reporting periods

Available ratios are snapshots. This page does not provide a complete historical quarterly-results, profit-and-loss, balance-sheet or shareholding series. Use company filings to verify reporting periods, accounting changes and trends.

🏛️ Member of:BSE AllcapBSE SmallCap

DeepScreen verdict

Hold
63
63

Weighted 13-factor score / 100

Thakker's Developers Ltd. scores 63/100 on the DeepScreen quality-and-value model. Growth is running near 104.6% with a PEG of 0.01, ROCE of 4.55% and debt/equity at 0.11x. Quality and price roughly offset each other; wait for a better entry or clearer growth.

Strengths

  • + P/E Ratio (TTM): 8.9x — cheap vs. earnings
  • + PEG Ratio: 0.01 — undervalued vs. growth
  • + P/B Ratio: 0.73x — below book value
  • + Debt / Equity: 0.11x — conservative balance sheet

Risks

  • − ROE: 3.3% — weak
  • − ROCE: 4.5% — below cost of capital risk
  • − ROA: 2.9% — asset-heavy / inefficient
  • − Operating Leverage: 1.10x — low fixed-cost gearing

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Why this score?

The 63/100 score is a weighted average of 13 fundamental factors. This panel shows which factor scores contribute most to the current model result.

Model explanation

Highest-scoring factors

P/E Ratio (TTM)100/100 · 1.0× weight

Cheap vs. earnings. Weighted contribution: 7.8 points.

PEG Ratio100/100 · 1.6× weight

Undervalued vs. growth. Weighted contribution: 12.5 points.

P/B Ratio100/100 · 0.7× weight

Below book value. Weighted contribution: 5.5 points.

Debt / Equity100/100 · 1.1× weight

Conservative balance sheet. Weighted contribution: 8.6 points.

Lowest-scoring factors

ROCE5/100 · 1.6× weight

Below cost of capital risk. Weighted contribution: 0.6 points.

ROE5/100 · 1.3× weight

Weak. Weighted contribution: 0.5 points.

ROA10/100 · 0.9× weight

Asset-heavy / inefficient. Weighted contribution: 0.7 points.

Operating Leverage25/100 · 0.6× weight

Low fixed-cost gearing. Weighted contribution: 1.2 points.

Factor scores are model outputs, not forecasts. A high or low factor score describes how that metric is treated by the DeepScreen rules; review the underlying value and its source before drawing a broader conclusion.

Live fundamentals snapshot

Current operating, capital-efficiency and cash-flow metrics using the latest available provider data. Indian ratios are supplemented by Screener.in when available.

Live where available
Updated 7:55:11 PM
Revenue growthLive
104.6%

Provider-reported period-over-period growth

Earnings growthLive
593.8%

Provider-reported period-over-period growth

ROELive
3.3%

Return on equity

ROCELive
4.5%

Return on capital employed

Net marginLive
31.1%

Net income as a share of revenue

D/ELive
0.1x

Debt relative to shareholder equity

Free cash flowLive
₹89.6M

90% of operating cash flow

Cash vs debtLive
Net cash

Cash ₹185.4M · Debt ₹156.4M

Earnings growth is 489.2 percentage points above revenue growth in the latest provider snapshot.

Provider periods can differ by field. Growth figures are presented as reported by the upstream provider; they are not reconstructed from an expensive historical time series.

Current research alerts

Threshold-based research checks from the latest available fundamentals. These are on-page signals, not push notifications or predictions.

Cash conversion is currently solid

Free cash flow is 90% of operating cash flow in the latest provider snapshot.

Signals are intended to highlight questions for research, not replace company filings or independent review.

Closest peer competitors

Industry match: Real Estate - Development. Peers use the same regional market universe, same sector, provider-reported industry where available, and market-cap proximity.

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Peer fundamentals are still loading. The comparison will populate automatically when comparable company data arrives.

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God's Eye forensics

Accounting quality and solvency screens. Anything that can't be computed from available filings data is left blank rather than estimated.

Piotroski F-Score

6/8

6

6 of 8 financial-health checks passed (1 checks need data this provider doesn't publish).

Altman Z-Score

Insufficient data

—

Needs total assets, operating profit and debt — not published for this listing yet.

Beneish (earnings quality)

Watch accruals

0.72

Accrual-quality check only: operating cash flow is 72% of reported net profit. Below 80% means profits aren't fully backed by cash.

Scores are free. The criteria-by-criteria breakdown — exactly which checks this company failed — is part of DeepScreen Pro.

Fundamental breakdown — core ratios are free · EV/Revenue, PEG, EV/EBITDA and LT D/E are Pro-only Screener.in filing ratios + live market data, updated 7:55:11 PM

P/E Ratio (TTM)

Screener

8.9x

Cheap vs. earnings

Price divided by earnings per share: how much you pay today for ₹1/$1 of annual profit. Only compare within the same industry.

PEG Ratio

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

P/S Ratio

Screener

2.97x

Moderate

Price relative to revenue. Sales are much harder to accounting-fudge than earnings, so this is a trustworthy number — and it's often the only usable multiple for loss-making or early-stage companies where P/E doesn't exist. But revenue without margin means nothing on its own: always read it alongside net margin.

P/B Ratio

Screener

0.73x

Below book value

Price versus net asset value on the balance sheet. Most meaningful for banks, NBFCs and asset-heavy businesses (manufacturing, real estate) where book value closely tracks real worth.

EV/Revenue

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

EV/EBITDA

Screener

Pro

Advanced ratio · DeepScreen Pro

Pro

ROE

Screener

3.3%

Weak

Return on shareholder equity. High ROE is great — unless it is manufactured by heavy debt, so always read it next to ROA and D/E: high ROE with low ROA is the classic debt-trap pattern.

ROA

Screener

2.9%

Asset-heavy / inefficient

Net Income / Total Assets — how efficiently the whole business converts its asset base into profit. Computed as ROE / (1 + D/E) when live data is unavailable. Only compare within the same industry: asset-light businesses (IT, services) will always show a structurally higher ROA than asset-heavy ones (steel, airlines, utilities) simply because they carry far less on the balance sheet to begin with, not because they're better run.

ROCE

Screener

4.5%

Below cost of capital risk

Return on all capital employed (equity plus debt). The cleanest quality signal because debt cannot flatter it.

Debt / Equity

Screener

0.11x

Conservative balance sheet

Total liabilities divided by shareholders' equity — the broadest leverage measure. High leverage boosts ROE in good years and destroys it in bad ones.

LT Debt / Equity

Modeled

Pro

Advanced ratio · DeepScreen Pro

Pro

Payout Ratio

Screener

0%

Full reinvestment — no dividend

Share of profit paid out as dividend. Above 100% means the company is funding the dividend from debt or reserves, not profit — a genuine red flag, not just 'high'. 30–60% is the classic sustainable balance; well below that usually just means a growth company reinvesting rather than anything wrong.

Operating Leverage

Modeled

1.10x

Low fixed-cost gearing

How much profit jumps for each 1% of extra sales — driven by how much of the cost base is fixed (rent, salaries) versus variable (raw materials). It's a double-edged sword: high fixed-cost businesses (manufacturing, airlines, software) see profit jump disproportionately as sales grow, but the same fixed costs turn a small sales dip into an outsized loss. That's also why these businesses tend to lead in a bull market and get hit hardest first when demand turns down.

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Company financials

EPS (TTM)
₹15.24
Revenue (TTM)
₹440M
Net margin
31.13%
EBITDA margin
34.1%
Earnings growth
104.6%
Dividend yield
0%
Payout ratio
0%
Debt / equity
0.11x

Figures use live Yahoo Finance data where available; any field Yahoo doesn't report falls back to the DeepScreen model.

THAKDEV live news

LIVE

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Frequently asked questions about THAKDEV

How does DeepScreen analyze Thakker's Developers Ltd.?
DeepScreen uses a 13-factor valuation and quality model. The methodology explains the inputs, weighting and limitations; model output is analytical research, not a personalized investment recommendation.
What is THAKDEV's P/E ratio?
The latest provider-backed P/E available to DeepScreen is 8.9x. Compare it with the company's own historical range, sustainable earnings growth and close industry peers, using the same reporting period.
How should I assess Thakker's Developers Ltd.'s profitability?
For Thakker's Developers Ltd., the latest provider-backed snapshot shows the latest growth measure is 104.60%, net margin is 31.13%, ROE is 3.3%, ROCE is 4.5%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
How much debt does Thakker's Developers Ltd. have?
The latest provider-backed debt-to-equity ratio is 0.11x. Total debt is approximately ₹156.40M, while cash is approximately ₹185.43M. Assess leverage together with interest expense, maturities and operating cash flow.
Is THAKDEV a buy?
DeepScreen provides research tools rather than a personalized recommendation. A decision should consider business quality, valuation, balance-sheet risk, disclosures, liquidity and your own objectives and risk tolerance.
How does the company make money?
Thakkers Developers Limited, together with its subsidiaries, operates as a real estate and construction company in India. It operates through Construction and Contract Related Activity, and Estate Dealing and Development Activity segments. The company is involved in various activities, such as plots/land development, commercial construction, residential, and agricultural. Thakkers Developers Limited was founded in 1962 and is based in Nashik, India. This describes the company's disclosed business activity; for exact segment revenue, geography and customer concentration, use the latest annual report.
What is the company's competitive advantage (economic moat)?
Thakker's Developers Ltd.'s potential moat should be evaluated from observable business economics: scale or cost advantages, network effects, switching costs, brand strength, patents or licences, distribution advantages and barriers to entry. The strongest evidence is a durable combination of pricing power, stable/growing margins and returns on capital over many years; a high ROE or ROCE alone does not prove a moat.
Who are the main competitors, and how does the company differ from them?
DeepScreen's directory-based comparison candidates include GRADIENTE (Gradiente Infotainment Limited), JUSTDIAL (Just Dial Limited), EPACK (EPACK Durable Limited), RUDRA (Rudra Global Infra Products Limited), DANGEE (Dangee Dums Limited). Sector labels and market-cap proximity can use inferred or modeled directory inputs; these candidates are not a verified list of direct competitors; the direct comparison should use products, customers, geography, margins, growth, returns on capital and valuation.
Are its products or services in long-term demand?
The provider classifies Thakker's Developers Ltd. in Real Estate - Development. Long-term demand is supported when the underlying industry, customer base and product/service use remain durable over multiple years. For Thakker's Developers Ltd., test that through multi-year revenue and customer trends, retention/repeat purchases where applicable, pricing power, capacity utilisation and the risk of substitution or technological disruption.
Who are its primary customers (individuals, businesses, or government)?
The provider's business profile describes Thakker's Developers Ltd.'s activities as follows: Thakkers Developers Limited, together with its subsidiaries, operates as a real estate and construction company in India. It operates through Construction and Contract Related Activity, and Estate Dealing and Development Activity segments. The company is involved in various activities, such as plots/land development, commercial construction, residential, and agricultural. Thakkers Developers Limited was founded in 1962 and is based in Nashik, India. Customer mix itself is not a stock-market ratio, so the primary customers should be confirmed from the company's segment, geographic and customer disclosures.
Is the company consistently profitable, and is its revenue growing year-over-year?
For Thakker's Developers Ltd., the latest provider-backed snapshot shows the latest growth measure is 104.60%, net margin is 31.13%, ROE is 3.3%, ROCE is 4.5%. Consistent profitability and healthy year-over-year growth should be confirmed over several reporting periods, with earnings reconciled to operating cash flow and one-off items removed from the analysis.
Does the company generate positive, healthy free cash flow?
The latest provider snapshot reports free cash flow of approximately ₹89.61M, with operating cash flow of about ₹99.40M. Whether that cash flow is healthy depends on persistence, conversion of profit to cash, capital expenditure needs and working-capital movements; inspect multiple periods rather than one TTM figure.
How high are the company's debt levels compared to its cash holdings and earnings?
The current snapshot shows D/E of 0.11x, debt of roughly ₹156.40M, cash of roughly ₹185.43M, implying net debt of about ₹-29.04M. The full debt burden should be compared with EBITDA/EBIT, interest expense, maturities and recurring free cash flow.
How will the company finance its future growth or expansion projects?
Thakker's Developers Ltd. currently has reported cash of about ₹185.43M and free cash flow of about ₹89.61M. Those internal resources can contribute to expansion, while additional funding can come from operating cash flow, debt, equity issuance, asset sales or project finance. The exact funding mix for a specific project must come from management's disclosed plans.
What is the company's historical Return on Equity (ROE) and Return on Capital Employed (ROCE)?
The latest snapshot reports ROE of 3.3% and ROCE of 4.5%. Historical quality should be judged from a multi-year series and by checking whether returns remain above the company's cost of capital through different business conditions.
Who are the promoters or top executives running the company, and what is their track record?
The current provider profile lists these senior executives: Mr. Jitendra Manohardas Thakker (Chairman of the Board); Mr. Narendra Manohardas Thakker (CEO & Executive Director); Mr. Rajendra Manohardas Thakker (MD & Executive Director); Ashish N. Kakkad (Accounts Head); Ms. Shruti Amit Pekam (Company Secretary & Compliance Officer). Track record should be assessed through capital-allocation decisions, operating results, governance disclosures and execution against stated targets. For Indian companies, promoter identity and ownership should be checked against the latest exchange shareholding filing.
Is a high percentage of the promoter's stake pledged as collateral for loans?
Promoter pledge is a shareholding-disclosure item, not a normal valuation ratio. For an Indian company, check the latest exchange shareholding pattern and notes for pledged/encumbered promoter shares, and compare the percentage with prior quarters to identify changes. Do not infer pledge levels from debt-to-equity.
Does management have a transparent and honest history of communication with shareholders?
The strongest evidence is consistency between what management says and what later appears in reported results: guidance versus delivery, explanations for misses, treatment of related parties, restatements, capital allocation and disclosure of material risks. A multi-year record is needed; tone alone is not a reliable measure of transparency.
Has the firm ever faced corporate governance issues, legal troubles, or accounting scandals?
This question requires a dated event history. Review regulator orders, exchange notices, audited-report qualifications, court records and reputable reporting, and distinguish allegations or investigations from settlements and established findings. The absence of a warning label on a stock page is not proof that no historical event ever occurred.
Is the current stock valuation (such as the P/E or P/S ratio) reasonable or overpriced?
The latest provider-backed P/E is 8.9x and P/S is 2.97x . These are descriptive multiples, not conclusions by themselves. A defensible valuation assessment compares the multiple with sustainable growth, margins, ROE/ROCE, balance-sheet risk, cyclicality and direct peers.
How does the company's valuation compare to its direct industry peers?
A practical peer set for Thakker's Developers Ltd. starts with GRADIENTE (Gradiente Infotainment Limited), JUSTDIAL (Just Dial Limited), EPACK (EPACK Durable Limited), RUDRA (Rudra Global Infra Products Limited), DANGEE (Dangee Dums Limited). Compare the same reporting-period P/E, P/S and positive EV/EBITDA only when EBITDA supports a meaningful multiple, then adjust for growth, margin quality, leverage and business mix; a lower positive multiple is not automatically cheaper on an economic-value basis.
What is the margin of safety if market conditions or the economy worsens?
Margin of safety is created by buying with a gap between conservative intrinsic value and market price, then stress-testing the downside case. The relevant stress tests are lower revenue/earnings growth, lower margins, higher funding costs, weaker working capital and a lower terminal valuation. There is no universal fixed percentage that applies to every company.
Does the company pay a reliable dividend, or does it aggressively buy back its own shares?
The latest provider-backed dividend yield is 0.0% and payout ratio is 0.00% . Dividend reliability should be checked across several years and against free cash flow, while buyback intensity should be verified from share-count changes, treasury-share activity and cash-flow statements. A one-year yield cannot establish a durable shareholder-distribution policy.

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