THAKDEV
Thakkers Developers financials
- Market cap
- ₹114 Cr
- Sector
- Realty
Quarterly results
Q1 FY27: revenue up 100.0%, net profit up 900.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 7 | 6 | 9 | 6 −57% | 14 +100% | 5 −17% | 18 +100% |
| EBITDA | 3 | 0 | 4 | 1 | -1 −133% | 5 | -1 −125% | 10 +900% |
| Net profit | 3 | 0 | 4 | 1 | 1 −67% | 5 | -2 −150% | 10 +900% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.0% 1Y
1Y: ₹178 on 10 Sept 2025 → ₹130. High ₹179.95 (12 Sept 2025), low ₹86.63 (1 Apr 2026).
Financials, as filed
Revenue grew 6.5% a year over 2 years, FY24 to FY26. Operating margin widened to 11.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹30 Cr | ₹31 Cr | ₹34 Cr |
| Operating profit | ₹0 Cr | ₹7 Cr | ₹4 Cr |
| Operating margin | 0.0% | 22.6% | 11.8% |
| Interest | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹-1 Cr | ₹7 Cr | ₹5 Cr |
| Net margin | -3.3% | 22.6% | 14.7% |
| Cash from operations | ₹15 Cr | ₹-14 Cr | ₹3 Cr |
| Free cash flow | ₹13 Cr | ₹-16 Cr | ₹2 Cr |
| ROCE | 0.0% | 5.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹86 Cr | ₹120 Cr | ₹136 Cr | ₹135 Cr | ₹144 Cr | ₹147 Cr |
| Borrowings | ₹3 Cr | ₹15 Cr | ₹22 Cr | ₹31 Cr | ₹16 Cr | ₹17 Cr |
| Other liabilities | ₹78 Cr | ₹76 Cr | ₹60 Cr | ₹59 Cr | ₹48 Cr | ₹39 Cr |
| Total liabilities | ₹176 Cr | ₹220 Cr | ₹228 Cr | ₹234 Cr | ₹217 Cr | ₹213 Cr |
| Fixed assets | ₹13 Cr | ₹14 Cr | ₹15 Cr | ₹14 Cr | ₹14 Cr | ₹15 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹4 Cr | ₹16 Cr | ₹9 Cr | ₹30 Cr | ₹6 Cr | ₹7 Cr |
| Other assets | ₹160 Cr | ₹191 Cr | ₹204 Cr | ₹190 Cr | ₹197 Cr | ₹191 Cr |
| Total assets | ₹176 Cr | ₹220 Cr | ₹228 Cr | ₹234 Cr | ₹217 Cr | ₹213 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 1,377.
- Promoters
- 71.3%
- Public
- 28.7%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 71.3%, Public 28.7%.Dec '23: Promoters 71.3%, Public 28.7%.Mar '24: Promoters 71.3%, Public 28.7%.Jun '24: Promoters 71.3%, Public 28.7%.Sep '24: Promoters 71.3%, Public 28.7%.Dec '24: Promoters 71.3%, Public 28.7%.Mar '25: Promoters 71.3%, Public 28.7%.Jun '25: Promoters 71.3%, Public 28.7%.Sep '25: Promoters 71.3%, Public 28.7%.Dec '25: Promoters 71.3%, Public 28.7%.Mar '26: Promoters 71.3%, Public 28.7%.Jun '26: Promoters 71.3%, Public 28.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mega Weld Marketing Privateltd newly disclosed 4.08% held
- Manohardas Raghavaji Thakker newly disclosed 2.28% held
The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Thakkers Developers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Virendra Marketing Private Limited | 4.87% | unchanged |
| Mega Weld Marketing Privateltd | 4.08% | newly disclosed |
| Intra Communications Pvt Ltd | 3.56% | unchanged |
| Jay Jeet Marketing Pvt Ltd | 3.44% | unchanged |
| Mahalaxmi Travels Pvt Ltd | 3.30% | unchanged |
| Bhupati Marketing Private Limited | 3.30% | unchanged |
| Subhashani Construction Pvt.Ltd. | 2.86% | unchanged |
| Shubhakamana Builder Private Limited | 2.76% | unchanged |
| Utility Tubes Pvt Ltd | 2.72% | unchanged |
| Pooja Kutir Nirman Pvt Ltd | 2.39% | unchanged |
| Giresh Marketing Private Limited | 2.31% | unchanged |
| Manohardas Raghavaji Thakker | 2.28% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Thakkers Developers Limited
Guides on how to read this kind of business and the numbers that matter.