Thakker's Developers Ltd.

BSE: THAKDEV526654ISIN INE403F01017

Consumer Discretionary
Residential, Commercial Projects

Share price

₹147.50+3.55 (+2.47%)

as of 26 Oct 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹166.00
52W low: ₹83.12
Off 52W high: -11.14%
1M return: +10.12%
3M return: -5.30%
6M return: +7.66%
1Y return: -6.56%
20D avg volume: 126
50 DMA: ₹145.36
200 DMA: ₹136.64

Key ratios Consolidated

Market cap: ₹132.75 Cr
Current price: ₹147.50
52W high / low: ₹166.00 / ₹83.12
Face value: ₹10.00
P/E: 9.72
P/B: 0.85
EPS (TTM): ₹15.17
Book value / share: ₹173.65
ROE: —
ROCE: 3.90%
Operating margin: —
Net margin: —
Debt / equity: 0.11
Net debt: ₹15.13 Cr
Interest cover: 10.71
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 981.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	18.38	4.78	14.39	6.50	8.99	6.18	7.05	14.26	4.09	—
	0.93	1.75	0.85	2.64	0.85	2.04	1.26	1.07	0.83	—
	19.31	6.53	15.24	9.14	9.83	8.22	8.31	15.34	4.92	—
	9.26	6.57	10.23	8.49	8.36	3.24	8.07	12.46	5.25	—
	0.84	1.16	1.77	0.91	2.49	5.91	0.33	18.04	1.75	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.60	1.47	1.90	1.73	1.61	1.74	1.88	1.58	1.56	—
	0.11	0.15	0.20	0.20	0.18	0.34	0.47	0.43	0.49	—
	0.36	0.52	0.49	0.46	0.44	0.45	0.45	0.44	0.43	—
	1.11	1.41	1.23	1.25	1.09	1.36	0.88	0.78	0.88	—
	10.05	-0.04	5.01	0.65	1.48	4.99	0.24	2.88	-0.33	—
	0.00	0.00	-0.03	0.00	-0.03	0.00	0.00	0.00	0.00	—
	10.05	-0.04	4.97	0.65	1.45	4.99	0.24	2.88	-0.33	—
	0.00	2.05	-0.07	-0.01	0.00	1.16	0.12	0.00	0.00	—
	10.05	-2.10	5.05	0.66	1.44	3.82	0.13	2.88	-0.33	—
	11.17	-2.33	5.61	0.73	1.61	4.25	0.14	3.20	-0.37	—
Key metrics
	10.52	0.63	5.66	1.31	2.07	5.78	1.16	3.75	0.59	—
	57.20%	13.20%	39.30%	20.20%	23.00%	93.50%	16.50%	26.30%	14.40%	—
	54.70%	-43.90%	35.10%	10.20%	16.00%	61.80%	1.80%	20.20%	-8.10%	—
	—	0.10%	—	0.40%	—	2.60%	—	—	—	—
	104.40%	-22.70%	104.10%	-54.40%	119.80%	—	—	—	—	—
	597.90%	-155.00%	3,784.60%	-77.10%	536.40%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	44.05	34.67	31.59	—
	6.17	6.08	5.20	—
	50.22	40.74	36.79	—
	34.55	33.65	29.01	—
	4.68	6.34	14.22	—
	0.00	0.00	0.00	—
	6.70	6.71	6.77	—
	0.66	0.73	1.73	—
	1.83	1.91	1.77	—
	5.00	4.97	3.90	—
	15.67	7.09	7.78	—
	-0.03	0.00	0.03	—
	15.63	7.09	7.81	—
	1.97	1.98	1.27	—
	13.66	5.11	6.54	—
	15.18	5.68	7.27	—
Key metrics
	18.12	9.73	11.31	—
	41.14%	28.10%	35.80%	—
	31.01%	14.70%	20.70%	—
	—	3.90%	4.60%	—
	20.75%	9.70%	—	—
	65.18%	-21.90%	—	—
	—	1.94	-15.78	—
	—	0.56	-2.14	—
	—	0.11	0.12	—
	—	15.13	16.74	—
	—	981.4	1,203.5	—
Balance sheet
	—	212.58	218.07	—
	—	140.68	117.77	—
	—	1.96	1.39	—
	—	3.51	0.82	—
	—	89.79	103.71	—
	—	35.43	8.95	—
	—	5.77	6.77	—
	—	0.09	0.37	—
	—	12.19	11.28	—
	—	17.09	18.13	—
	—	2.21	2.52	—
	—	14.88	15.61	—
	—	156.29	151.03	—
Cash flow
	—	2.86	-13.98	—
	—	0.93	27.44	—
	—	-3.22	-13.71	—
	—	0.92	1.80	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	13.02	1.46	5.42	2.51	2.59	4.05	3.31	3.45	2.52	—
	0.93	1.71	0.84	2.64	0.85	2.04	1.23	1.07	0.83	—
	13.95	3.17	6.26	5.15	3.43	6.09	4.54	4.52	3.35	—
	4.74	3.59	4.85	4.41	3.60	3.88	3.90	3.88	3.82	—
	1.10	0.53	0.74	0.62	0.87	2.65	0.33	0.35	0.57	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.33	1.19	1.54	1.39	1.37	1.44	1.49	1.32	1.30	—
	0.11	0.15	0.19	0.18	0.16	0.34	0.46	0.43	0.48	—
	0.35	0.49	0.49	0.45	0.42	0.44	0.42	0.42	0.42	—
	1.02	1.25	1.04	1.12	0.83	0.97	0.75	0.58	0.69	—
	9.21	-0.42	1.42	0.74	-0.17	2.21	0.64	0.64	-0.47	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	9.21	-0.42	1.42	0.74	-0.17	2.21	0.64	0.64	-0.47	—
	0.00	0.73	-0.06	0.00	0.00	0.18	0.12	—	0.00	—
	9.21	-1.15	1.48	0.74	-0.17	2.03	0.52	0.64	-0.47	—
	10.23	-1.28	1.65	0.82	-0.19	2.25	0.57	0.71	-0.53	—
Key metrics
	9.67	0.22	2.10	1.37	0.41	2.99	1.52	1.49	0.43	—
	74.30%	15.10%	38.70%	54.60%	15.80%	73.80%	45.90%	43.20%	17.10%	—
	70.70%	-78.80%	27.30%	29.50%	-6.60%	50.10%	15.70%	18.60%	-18.70%	—
	—	-0.10%	—	0.50%	—	1.40%	—	—	—	—
	402.70%	-64.00%	63.70%	-27.20%	2.80%	—	—	—	—	—
	5,517.60%	-156.70%	184.60%	15.60%	63.80%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	22.41	11.97	13.33	—
	6.12	6.04	5.16	—
	28.53	18.01	18.50	—
	17.59	16.44	15.49	—
	2.99	2.76	3.91	—
	0.00	0.00	0.00	—
	5.45	5.50	5.55	—
	0.63	0.68	1.71	—
	1.78	1.85	1.70	—
	4.43	4.24	2.98	—
	10.95	1.57	3.01	—
	0.00	0.00	0.00	—
	10.95	1.57	3.01	—
	0.67	0.67	0.30	—
	10.28	0.90	2.71	—
	11.42	1.00	3.01	—
Key metrics
	13.36	4.10	6.42	—
	59.62%	34.30%	48.20%	—
	45.87%	7.50%	20.30%	—
	—	1.20%	2.50%	—
	67.24%	-10.20%	—	—
	240.40%	-66.80%	—	—
	—	-1.16	-9.30	—
	—	-0.27	-2.78	—
	—	0.11	0.10	—
	—	14.19	12.97	—
	—	2,309.8	2,092.8	—
Balance sheet
	—	199.07	201.18	—
	—	129.55	116.40	—
	—	0.98	0.94	—
	—	1.31	0.57	—
	—	74.53	75.94	—
	—	42.84	35.88	—
	—	5.64	6.57	—
	—	0.09	0.08	—
	—	9.44	13.88	—
	—	15.17	13.91	—
	—	2.18	2.43	—
	—	12.99	11.48	—
	—	140.59	139.54	—
Cash flow
	—	-0.24	-7.54	—
	—	1.16	19.75	—
	—	-0.88	-12.79	—
	—	0.92	1.76	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +67.24%
Profit YoY (TTM): +240.40%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +20.75%
Profit YoY (TTM): +65.18%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.27%

Quarter	September 2026	June 2026
Promoter %	71.27%	71.27%

Holder	Type	Holding	Previous	Change
VIRENDRA MARKETING PRIVATE LIMITED	Public	4.87%	4.87%	0.00%
MEGA WELD MARKETING PRIVATE LTD	Public	4.08%	—	—
INTRA COMMUNICATIONS PVT LTD	Promoter Group	3.56%	3.56%	0.00%
JAY JEET MARKETING PVT LTD	Promoter Group	3.44%	3.44%	0.00%
MAHALAXMI TRAVELS PVT LTD	Promoter Group	3.30%	3.30%	0.00%
BHUPATI MARKETING PRIVATE LIMITED	Public	3.30%	3.30%	0.00%
SUBHASHANI CONSTRUCTION PVT.LTD.	Promoter Group	2.86%	2.86%	0.00%
SHUBHAKAMANA BUILDER PRIVATE LIMITED	Promoter Group	2.76%	2.76%	0.00%
UTILITY TUBES PVT LTD	Public	2.72%	2.72%	0.00%
POOJA KUTIR NIRMAN PVT LTD	Promoter Group	2.39%	2.39%	0.00%
GIRESH MARKETING PRIVATE LIMITED	Promoter Group	2.31%	2.31%	0.00%
MANOHARDAS RAGHAVAJI THAKKER	Promoter Group	2.28%	2.28%	0.00%
PRAVIN MARKETING PVT LTD	Promoter Group	2.22%	2.22%	0.00%
VICHAL ENTERPRISES PRIVATE LIMITED	Promoter Group	2.22%	2.22%	0.00%
JYOTI N THAKKER	Promoter Group	2.22%	2.22%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%
Thakker's Developers Ltd.	133	147.50	9.72	3.90%	+20.75% TTM	+65.18% TTM	-6.56%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Attached herewith Certificate under Reg.74 (5) of SEBI (DP) Regulations, 2018 for the Quarter End Sept 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
With reference to captioned subject and Regulation 44 of SEBI (LODR), Regulations, 2015 we are enclosing herewith the Scrutinizer's Report in respect of the resolutions considered by shareholders ....1 Oct 2026 · AGM/EGM / AGM
Appointment of Mrs. Vidhi Rishabh Shah (DIN: 07957337) as Director of the Company30 Sep 2026 · Company Update / Change in Directorate
Appointment of Ashok Surana, Peer Reviewed Practicing Company Secretaries, as Secretarial Auditor of the Company for a period of five consecutive financial years commencing from FY 2026-27 ....30 Sep 2026 · Company Update / Change in Management
attached herewith30 Sep 2026 · AGM/EGM / AGM
Attached herewith Intimation of closure of trading window for the Quarter and Half year ended September 30, 202626 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015, please find enclosed copies of newspaper publication published in newspaper in Free Press (English) and in Navshakti Times ....8 Sep 2026 · Company Update / Newspaper Publication
Attached herewith7 Sep 2026 · Company Update / General
Attached herewith7 Sep 2026 · Others / Reg. 34 (1) Annual Report
As per attached file7 Sep 2026 · AGM/EGM / AGM
The Un-Audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026 along with the Limited Review Report of the auditors thereon.14 Aug 2026 · Board Meeting / Outcome of Board Meeting
Attached herewith the unaudited financial statements for the Quarter Ended June 30, 2026 along with Limited Review Report14 Aug 2026 · Result / Financial Results
Thakkers Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve This is to inform you that ....6 Aug 2026 · Board Meeting / Board Meeting
Attached herewith the Certificate under Reg 74(5) for the Quarter Ended June 30, 20266 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Attached herewith the intimation of closure of trading window for the Quarter ended June 30, 202625 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Attached herewith29 May 2026 · Company Update / General
Attached herewith Audited Financial Results for the year ended 31.03.202629 May 2026 · Result / Financial Results
Please find enclosed herewith copy of Audited Standalone and Consolidated Financial Statements along with copy of Auditor's Report and Declaration of unmodified opinion as per SEBI (Listing ....29 May 2026 · Board Meeting / Outcome of Board Meeting
Thakkers Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve We wish to inform you that ....14 May 2026 · Board Meeting / Board Meeting
Attached herewith Annual Secretarial Compliance Report for the year end March 31, 202627 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....27 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Attached herewith the clarification regarding the price movement mail dated from exchange on 22-04-2026 bearing reference No. L/SURV/ONL/PV/SJ/ 2026-2027 / 379623 Apr 2026 · Company Update / General
The Exchange has sought clarification from Thakkers Developers Ltd on April 22, 2026 with reference to significant movement in price, in order to ensure that investors have latest relevant ....22 Apr 2026 · Company Update / Clarification
Attached herewith the certificate under regulation 74 (5) of SEBI (DP), regulations 2018 for the quarter ended 31 March 20266 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attached26 Mar 2026 · Company Update / Change in Directorate
As per attached26 Mar 2026 · Company Update / Cessation
As per attached26 Mar 2026 · Company Update / Resignation of Director
As per attached26 Mar 2026 · Company Update / Change in Management
This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; the Board of Directors, at its meeting held today i.e. ....26 Mar 2026 · Others / Outcome without intimation
Please find attached intimation of closure of trading window.24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board of Directors, at its meeting held today i.e. on February 14, 2026, at the registered ....14 Feb 2026 · Board Meeting / Outcome of Board Meeting
The unaudited financial results for the Quarter Ended December 2025 along with the Limited Review Report14 Feb 2026 · Result / Financial Results
Thakkers Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/02/2026 ,inter alia, to consider and approve Dear Sir / Madam, This ....5 Feb 2026 · Board Meeting / Board Meeting
Attached herewith the Certificate issued by RTA for the Quarter Ended December 20253 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith copy of Unaudited Standalone and Consolidated Financial Statements along with copy of Limited Review Report as per SEBI (LODR), Regulations, 2015 for the Quarter ....14 Nov 2025 · Board Meeting / Outcome of Board Meeting
Attached herewith the Quarter/Half year results for Sept 2025. Meeting Start time - 05.00 PM Meeting End time - 06.30 PM14 Nov 2025 · Result / Financial Results
Thakkers Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2025 ,inter alia, to consider and approve This is to inform you that ....6 Nov 2025 · Board Meeting / Board Meeting
Revised Letter of intimation regarding the resignation of CFO - Mr. Abhishek Narendra Thakker is attached herewith10 Oct 2025 · Company Update / Resignation of Chief Financial Officer (CFO)
Attached herewith the Certificate under regulation 74 (5) of SEBI (DP) Regulations 2018 for the Quarter Ended September 20259 Oct 2025 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Attached herewith the scrutinizer''s report.2 Oct 2025 · AGM/EGM / AGM

Board meetings

14 Aug 2026 Board Meeting - Financial Results