
About Thakkers Developers Limited
Data last updated:
Thakkers Developers Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 30 March 1987, the company has been in operation for over 39 years.
Registered with ROC Mumbai under CIN L45200MH1987PLC043034. Listed on BSE: 526654.
Capital: an authorised share capital of ₹15 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Narendra Manohardas Thakker and Jitendra Manohardas Thakker.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 37/39 Kantoniwas 3Rd Floormodi Street Fort, Mumbai, Maharashtra, India – 400001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹34.67 Cr, a growth of 9.75% compared to the previous year. The net worth stands at ₹156.29 Cr (up 3.48% YoY). Total assets are valued at ₹202.57 Cr (down 3.88% YoY).
Its group structure includes 5 subsidiaries.
The company is associated with 1 brand - Thakkers Developers. As per MCA filings, the company has open charges of ₹49.46 Cr and satisfied charges of ₹121.85 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thakkersdevelopers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address37/39 Kantoniwas 3Rd Floormodi Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Thakkers Developers
Thakkers Developers operates one associated brand: Thakkers Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential and commercial real estate properties are developed. | thakkersdevelopers.com |
Competitors & Alternatives of Thakkers Developers
Brands and companies operating in the same space as Thakkers Developers Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
| | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India, India | 1990 |
| | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam, Vietnam | 1993 |
| | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia, Australia | 1958 |
| | Residential and commercial properties are developed and managed across regions. | Singapore, Singapore, Singapore | 1924 |
| | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China, China | 2003 |
| | Developer of residential and commercial real estate properties | Mumbai, India, India | 1980 |
| | Real estate properties are developed in over 50 cities. | Shenzhen, China, China | 1984 |
| | Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France, France | 1920 |
| | Real estate development and management services are provided globally. | Singapore, Singapore, Singapore | 1963 |
Business Activity of Thakkers Developers
The main business activities of Thakkers Developers are construction and real estate. In detail, this covers buildings and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | Locked |
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details for Thakkers Developers Limited
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Thakkers Developers
Thakkers Developers Limited is audited by Karwa Malani Kalantri & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Karwa Malani Kalantri & Associates | Locked | Locked | Locked |
Complete auditor history for Thakkers Developers Limited
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Thakkers Developers Limited
Thakkers Developers has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Manohardas Thakker | Director | 23 Sep 2006 | 20 Years 0 Months | Current |
| Jitendra Manohardas Thakker | Director | 21 Sep 2004 | 22 Years 0 Months | Current |
| Rajendra Manohardas Thakker | Managing Director | 21 Sep 2004 | 22 Years 0 Months | Current |
| Pravin Nimba Wani Also directs: Dhanurdhari Builders PVT LTD, Vijay Geet Marketing Private Limited, Kulswamini Marketing Private Limited and 2 more | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
| Girish Sharad Navase | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
| Chandrakant Mulchand Patel | Director | 30 Sep 2025 | 1 Years 0 Months | Current |
Financials of Thakkers Developers Limited FY 2025-26 filings available
Thakkers Developers Limited reported revenue of ₹34.67 Cr (up 9.75% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 34.67 | 31.59 | 30.81 | 57.76 | 55.48 | 27.60 | 20.91 |
| Revenue growth | +21.4% | -15.4% | -19.3% | +75.1% | +24.0% | +5.7% | +11.0% |
| EBITDA | 3.66 | 6.04 | 0.62 | 20.37 | 34.12 | 10.37 | 4.61 |
| EBITDA margin | +10.6% | +19.1% | +2.0% | +35.3% | +61.5% | +37.6% | +22.1% |
| Profit before tax | 7.10 | 7.73 | (1.76) | 19.70 | 35.45 | 13.38 | 8.38 |
| Net profit | 5.12 | 6.50 | (0.95) | 16.15 | 33.96 | 11.43 | 7.42 |
| Net profit margin | +14.8% | +20.6% | -3.1% | +28.0% | +61.2% | +41.4% | +35.5% |
| EPS (₹) | 5.68 | 7.20 | (1.05) | 17.94 | 37.72 | 12.70 | 8.23 |
| Balance sheet | |||||||
| Total assets | 203 | 211 | 220 | 215 | 201 | 147 | 160 |
| Net worth | 156 | 151 | 144 | 145 | 129 | 95.47 | 84.13 |
| Total debt | 17.08 | 19.58 | 31.35 | 22.32 | 15.22 | 2.64 | 27.30 |
| Cash & bank | 6.62 | 1.55 | 2.92 | 3.62 | 2.58 | 4.36 | 2.00 |
| Net working capital | 124 | 128 | 118 | 115 | 95.70 | 98.33 | 88.97 |
| Cash flow | |||||||
| Cash from operations | 2.49 | (13.98) | 15.42 | (9.52) | (2.65) | 20.31 | 1.11 |
| Cash from investing | 0.93 | 27.44 | (22.25) | 4.71 | (11.53) | 5.15 | 0.02 |
| Cash from financing | (2.85) | (13.71) | 7.34 | 5.86 | 12.40 | (23.10) | (6.19) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.38 | 4.78 | 14.39 | 6.50 | 8.99 | 6.18 | 7.05 | 14.26 |
| Revenue growth (YoY) | +104.5% | -22.7% | +104.1% | -54.4% | +119.8% | -3.1% | +35.8% | +59.0% |
| Other income | 0.93 | 1.75 | 0.85 | 2.64 | 0.85 | 2.04 | 1.26 | 1.07 |
| EBITDA | 9.60 | (1.12) | 4.81 | (1.33) | 1.22 | 3.74 | (0.11) | 2.67 |
| EBITDA margin | +52.2% | -23.4% | +33.4% | -20.5% | +13.6% | +60.5% | -1.6% | +18.7% |
| Depreciation | 0.36 | 0.52 | 0.49 | 0.46 | 0.44 | 0.45 | 0.45 | 0.44 |
| Interest | 0.11 | 0.15 | 0.20 | 0.20 | 0.18 | 0.34 | 0.47 | 0.43 |
| Profit before tax | 10.06 | (0.04) | 4.97 | 0.65 | 1.45 | 4.99 | 0.23 | 2.87 |
| Tax | 0.00 | 2.05 | (0.07) | (0.01) | 0.00 | 1.16 | 0.12 | 0.00 |
| Net profit | 10.06 | (2.09) | 5.04 | 0.66 | 1.45 | 3.83 | 0.11 | 2.87 |
| EPS (₹) | 11.17 | (2.33) | 5.61 | 0.73 | 1.61 | 4.25 | 0.14 | 3.20 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 11.97 | 13.33 | 16.49 | 55.33 | 53.27 | 25.73 | 12.33 |
| Revenue growth | +15.2% | -32.1% | -48.9% | +71.7% | +24.8% | +36.1% | +6.4% |
| EBITDA | (1.94) | 1.25 | (1.30) | 20.52 | 32.99 | 9.48 | 0.39 |
| EBITDA margin | -16.2% | +9.4% | -7.9% | +37.1% | +61.9% | +36.8% | +3.2% |
| Profit before tax | 1.57 | 3.00 | (3.58) | 20.04 | 34.54 | 12.48 | 4.16 |
| Net profit | 0.91 | 2.71 | (2.55) | 16.93 | 33.44 | 11.00 | 4.16 |
| Net profit margin | +7.6% | +20.3% | -15.5% | +30.6% | +62.8% | +42.8% | +33.7% |
| EPS (₹) | 1.00 | 3.01 | (2.82) | 18.81 | 37.15 | 12.23 | 4.60 |
| Balance sheet | |||||||
| Total assets | 192 | 191 | 192 | 189 | 180 | 139 | 150 |
| Net worth | 141 | 140 | 137 | 139 | 122 | 89.07 | 78.16 |
| Total debt | 15.17 | 15.36 | 26.23 | 17.53 | 10.29 | 2.63 | 27.31 |
| Cash & bank | 5.64 | 1.09 | 2.81 | 3.30 | 2.24 | 4.05 | 1.91 |
| Net working capital | 117 | 105 | 109 | 101 | 85.85 | 95.38 | 82.90 |
| Cash flow | |||||||
| Cash from operations | (0.61) | (7.54) | 5.18 | (9.73) | 2.09 | 19.90 | 1.05 |
| Cash from investing | 1.16 | 19.75 | (13.99) | 4.73 | (11.45) | 5.34 | 0.02 |
| Cash from financing | (0.50) | (12.79) | 7.04 | 6.06 | 7.54 | (23.10) | (6.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.02 | 1.46 | 5.42 | 2.51 | 2.59 | 4.05 | 3.31 | 3.45 |
| Revenue growth (YoY) | +402.7% | -64.0% | +63.8% | -27.3% | +2.8% | +127.5% | +4.4% | +171.7% |
| Other income | 0.93 | 1.71 | 0.84 | 2.64 | 0.85 | 2.04 | 1.23 | 1.07 |
| Total expenses | 4.27 | 2.94 | 4.16 | 3.78 | 3.02 | 3.11 | 3.02 | 3.03 |
| EBITDA | 8.75 | (1.48) | 1.26 | (1.27) | (0.43) | 0.94 | 0.29 | 0.42 |
| EBITDA margin | +67.2% | -101.4% | +23.2% | -50.6% | -16.6% | +23.2% | +8.8% | +12.2% |
| Depreciation | 0.35 | 0.49 | 0.49 | 0.45 | 0.42 | 0.44 | 0.42 | 0.42 |
| Interest | 0.11 | 0.15 | 0.19 | 0.18 | 0.16 | 0.34 | 0.46 | 0.43 |
| Profit before tax | 9.22 | (0.41) | 1.42 | 0.74 | (0.16) | 2.20 | 0.64 | 0.64 |
| Tax | 0.00 | 0.73 | (0.06) | 0.00 | 0.00 | 0.17 | 0.12 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.38 | 4.78 | 14.39 | 6.50 | 8.99 | 6.18 | 7.05 | 14.26 |
| Revenue growth (YoY) | +104.5% | -22.7% | +104.1% | -54.4% | +119.8% | -3.1% | +35.8% | +59.0% |
| Other income | 0.93 | 1.75 | 0.85 | 2.64 | 0.85 | 2.04 | 1.26 | 1.07 |
| EBITDA | 9.60 | (1.12) | 4.81 | (1.33) | 1.22 | 3.74 | (0.11) | 2.67 |
| EBITDA margin | +52.2% | -23.4% | +33.4% | -20.5% | +13.6% | +60.5% | -1.6% | +18.7% |
| Depreciation | 0.36 | 0.52 | 0.49 | 0.46 | 0.44 | 0.45 | 0.45 | 0.44 |
| Interest | 0.11 | 0.15 | 0.20 | 0.20 | 0.18 | 0.34 | 0.47 | 0.43 |
| Profit before tax | 10.06 | (0.04) | 4.97 | 0.65 | 1.45 | 4.99 | 0.23 | 2.87 |
| Tax | 0.00 | 2.05 | (0.07) | (0.01) | 0.00 | 1.16 | 0.12 | 0.00 |
| Net profit | 10.06 | (2.09) | 5.04 | 0.66 | 1.45 | 3.83 | 0.11 | 2.87 |
| EPS (₹) | 11.17 | (2.33) | 5.61 | 0.73 | 1.61 | 4.25 | 0.14 | 3.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 34.67 | 31.59 | 30.81 | 57.76 | 55.48 | 27.60 | 20.91 |
| Revenue growth | +21.4% | -15.4% | -19.3% | +75.1% | +24.0% | +5.7% | +11.0% |
| Other income | 6.08 | 5.20 | 1.31 | 1.35 | 2.46 | 4.28 | 6.63 |
| Total expenses | 31.01 | 25.55 | 30.19 | 37.39 | 21.36 | 17.23 | 16.30 |
| Employee cost | 0.00 | 6.77 | 6.44 | 5.41 | 1.85 | 2.35 | 6.00 |
| EBITDA | 3.66 | 6.04 | 0.62 | 20.37 | 34.12 | 10.37 | 4.61 |
| EBITDA margin | +10.6% | +19.1% | +2.0% | +35.3% | +61.5% | +37.6% | +22.1% |
| Depreciation | 1.91 | 1.77 | 2.31 | 1.66 | 0.97 | 0.73 | 1.16 |
| Interest | 0.73 | 1.74 | 1.38 | 0.36 | 0.16 | 0.54 | 1.70 |
| Profit before tax | 7.10 | 7.73 | (1.76) | 19.70 | 35.45 | 13.38 | 8.38 |
| Tax | 1.98 | 1.26 | (0.81) | 3.55 | 1.49 | 1.95 | 0.96 |
| Net profit | 5.12 | 6.50 | (0.95) | 16.15 | 33.96 | 11.43 | 7.42 |
| Net profit margin | +14.8% | +20.6% | -3.1% | +28.0% | +61.2% | +41.4% | +35.5% |
| EPS (₹) | 5.68 | 7.20 | (1.05) | 17.94 | 37.72 | 12.70 | 8.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves & surplus | 147 | 142 | 135 | 136 | 120 | 86.47 | 75.13 |
| Shareholders' funds (net worth) | 156 | 151 | 144 | 145 | 129 | 95.47 | 84.13 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 3.75 | 7.58 | 5.26 | 5.19 | 0.44 | 0.28 | 4.42 |
| Unsecured loans | 13.33 | 12.00 | 26.09 | 17.13 | 14.78 | 2.36 | 22.88 |
| Total debt | 17.08 | 19.58 | 31.35 | 22.32 | 15.22 | 2.64 | 27.30 |
| Total liabilities | 203 | 211 | 220 | 215 | 201 | 147 | 160 |
| Assets | |||||||
| Gross block | 28.77 | 27.62 | 25.00 | 24.37 | 21.39 | 21.93 | 25.49 |
| Net block | 14.55 | 15.31 | 14.26 | 15.00 | 13.59 | 12.67 | 14.50 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 7.04 | 4.41 | 30.09 | 8.66 | 16.01 | 4.01 | 6.81 |
| Inventories | 89.79 | 104 | 104 | 112 | 122 | 104 | 95.71 |
| Sundry debtors | 1.39 | 0.82 | 1.78 | 8.84 | 4.44 | 4.34 | 0.42 |
| Cash & bank balances | 6.62 | 1.55 | 2.92 | 3.62 | 2.58 | 4.36 | 2.00 |
| Loans & advances | 36.19 | 29.18 | 23.21 | 3.91 | (13.81) | 14.71 | 10.23 |
| Total current assets | 134 | 135 | 132 | 128 | 115 | 128 | 108 |
| Total current liabilities | 9.90 | 7.31 | 14.59 | 13.13 | 19.25 | 29.36 | 19.39 |
| Net working capital | 124 | 128 | 118 | 115 | 95.70 | 98.33 | 88.97 |
| Total assets | 203 | 211 | 220 | 215 | 201 | 147 | 160 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.39 | 1.64 | 1.12 | 2.58 | 4.36 | 2.00 | 7.05 |
| Net cash from operating activities | 2.49 | (13.98) | 15.42 | (9.52) | (2.65) | 20.31 | 1.11 |
| Net cash from investing activities | 0.93 | 27.44 | (22.25) | 4.71 | (11.53) | 5.15 | 0.02 |
| Net cash from financing activities | (2.85) | (13.71) | 7.34 | 5.86 | 12.40 | (23.10) | (6.19) |
| Net change in cash | 0.57 | (0.24) | 0.52 | 1.04 | (1.78) | 2.37 | (5.05) |
| Closing cash | 6.62 | 1.55 | 2.92 | 3.62 | 2.58 | 4.36 | 2.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.8% | +2.5% | -46.7% | +4.1% | +101.0% | +32.0% | +13.6% |
| EBITDA growth | -39.4% | +874.2% | -97.0% | -40.3% | +229.0% | +125.0% | +23.6% |
| PBT growth | -8.2% | +9998.0% | - | -44.4% | +165.0% | +59.7% | +1002.6% |
| Net income growth | -21.2% | +9998.0% | - | -52.4% | +197.1% | +54.0% | +556.6% |
| Revenue CAGR (3Y) | -15.7% | -17.1% | +3.7% | +40.3% | +44.4% | -0.6% | -20.6% |
| EBITDA CAGR (3Y) | -43.6% | -43.9% | -60.9% | +64.1% | +109.1% | +57.4% | -42.2% |
| Profitability & leverage | |||||||
| Net income margin | +14.8% | +20.5% | -3.1% | +28.0% | +61.2% | +41.4% | +35.5% |
| Return on capital employed | - | +4.5% | -0.2% | +9.6% | +20.5% | +9.1% | +6.0% |
| Return on net worth | - | +4.4% | -0.7% | +11.8% | +30.2% | +12.7% | +9.2% |
| Debt / equity | - | 0.17 | 0.19 | 0.14 | 0.08 | 0.17 | 0.37 |
| Long-term debt / equity | - | 0.11 | 0.11 | 0.10 | 0.07 | 0.14 | 0.28 |
| Interest cover | 41.71 | 40.75 | -81.66 | 1.92 | 0.48 | 5.60 | 49.28 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.20 | 1.25 | 2.52 | 2.56 | 1.16 | 0.80 |
| Inventory turnover | - | 0.30 | 0.28 | 0.49 | 0.49 | 0.28 | 0.22 |
| Debtors turnover | - | 24.30 | 5.80 | 8.70 | 12.64 | 11.60 | 22.98 |
| EPS (₹) | 5.68 | 7.20 | (1.05) | 17.94 | 37.72 | 12.70 | 8.23 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 167.81 | 160.54 | 161.32 | 143.61 | 106.08 | 93.47 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.02 | 1.46 | 5.42 | 2.51 | 2.59 | 4.05 | 3.31 | 3.45 |
| Revenue growth (YoY) | +402.7% | -64.0% | +63.8% | -27.3% | +2.8% | +127.5% | +4.4% | +171.7% |
| Other income | 0.93 | 1.71 | 0.84 | 2.64 | 0.85 | 2.04 | 1.23 | 1.07 |
| Total expenses | 4.27 | 2.94 | 4.16 | 3.78 | 3.02 | 3.11 | 3.02 | 3.03 |
| EBITDA | 8.75 | (1.48) | 1.26 | (1.27) | (0.43) | 0.94 | 0.29 | 0.42 |
| EBITDA margin | +67.2% | -101.4% | +23.2% | -50.6% | -16.6% | +23.2% | +8.8% | +12.2% |
| Depreciation | 0.35 | 0.49 | 0.49 | 0.45 | 0.42 | 0.44 | 0.42 | 0.42 |
| Interest | 0.11 | 0.15 | 0.19 | 0.18 | 0.16 | 0.34 | 0.46 | 0.43 |
| Profit before tax | 9.22 | (0.41) | 1.42 | 0.74 | (0.16) | 2.20 | 0.64 | 0.64 |
| Tax | 0.00 | 0.73 | (0.06) | 0.00 | 0.00 | 0.17 | 0.12 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 11.97 | 13.33 | 16.49 | 55.33 | 53.27 | 25.73 | 12.33 |
| Revenue growth | +15.2% | -32.1% | -48.9% | +71.7% | +24.8% | +36.1% | +6.4% |
| Other income | 6.04 | 5.16 | 1.31 | 1.35 | 2.45 | 4.27 | 6.62 |
| Total expenses | 13.91 | 12.08 | 17.79 | 34.81 | 20.28 | 16.25 | 11.94 |
| Employee cost | 0.00 | 5.55 | 5.42 | 4.98 | 1.85 | 2.25 | 5.06 |
| EBITDA | (1.94) | 1.25 | (1.30) | 20.52 | 32.99 | 9.48 | 0.39 |
| EBITDA margin | -16.2% | +9.4% | -7.9% | +37.1% | +61.9% | +36.8% | +3.2% |
| Depreciation | 1.85 | 1.69 | 2.22 | 1.53 | 0.79 | 0.73 | 1.16 |
| Interest | 0.68 | 1.72 | 1.37 | 0.30 | 0.11 | 0.54 | 1.69 |
| Profit before tax | 1.57 | 3.00 | (3.58) | 20.04 | 34.54 | 12.48 | 4.16 |
| Tax | 0.66 | 0.29 | (1.03) | 3.11 | 1.10 | 1.48 | 0.00 |
| Net profit | 0.91 | 2.71 | (2.55) | 16.93 | 33.44 | 11.00 | 4.16 |
| Net profit margin | +7.6% | +20.3% | -15.5% | +30.6% | +62.8% | +42.8% | +33.7% |
| EPS (₹) | 1.00 | 3.01 | (2.82) | 18.81 | 37.15 | 12.23 | 4.60 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 |
| Reserves & surplus | 132 | 131 | 128 | 130 | 113 | 80.07 | 69.16 |
| Shareholders' funds (net worth) | 141 | 140 | 137 | 139 | 122 | 89.07 | 78.16 |
| Secured loans | 3.65 | 7.32 | 18.87 | 11.43 | 1.35 | 1.58 | 5.75 |
| Unsecured loans | 11.52 | 8.04 | 7.36 | 6.10 | 8.94 | 1.05 | 21.56 |
| Total debt | 15.17 | 15.36 | 26.23 | 17.53 | 10.29 | 2.63 | 27.31 |
| Total liabilities | 192 | 191 | 192 | 189 | 180 | 139 | 150 |
| Assets | |||||||
| Gross block | 26.00 | 25.08 | 23.46 | 22.44 | 19.48 | 20.25 | 23.99 |
| Net block | 12.31 | 13.25 | 13.12 | 13.38 | 11.86 | 10.99 | 13.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.81 | 2.17 | 19.21 | 6.42 | 13.78 | 1.62 | 4.45 |
| Inventories | 74.53 | 75.94 | 75.55 | 81.26 | 97.09 | 93.45 | 85.21 |
| Sundry debtors | 0.30 | 0.57 | 0.03 | 8.10 | 3.49 | 3.85 | 0.10 |
| Cash & bank balances | 5.64 | 1.09 | 2.81 | 3.30 | 2.24 | 4.05 | 1.91 |
| Loans & advances | 43.61 | 36.98 | 41.27 | 23.28 | 6.60 | 26.27 | 13.78 |
| Total current assets | 124 | 115 | 120 | 116 | 109 | 128 | 101 |
| Total current liabilities | 7.29 | 10.00 | 11.04 | 14.69 | 23.57 | 32.24 | 18.10 |
| Net working capital | 117 | 105 | 109 | 101 | 85.85 | 95.38 | 82.90 |
| Total assets | 192 | 191 | 192 | 189 | 180 | 139 | 150 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.94 | 1.53 | 3.30 | 2.24 | 4.05 | 1.91 | 6.98 |
| Net cash from operating activities | (0.61) | (7.54) | 5.18 | (9.73) | 2.09 | 19.90 | 1.05 |
| Net cash from investing activities | 1.16 | 19.75 | (13.99) | 4.73 | (11.45) | 5.34 | 0.02 |
| Net cash from financing activities | (0.50) | (12.79) | 7.04 | 6.06 | 7.54 | (23.10) | (6.14) |
| Net change in cash | 0.04 | (0.59) | (1.77) | 1.06 | (1.81) | 2.14 | (5.07) |
| Closing cash | 5.64 | 1.09 | 2.81 | 3.30 | 2.24 | 4.05 | 1.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -10.2% | -19.2% | -70.2% | +3.9% | +107.0% | +108.7% | -16.6% |
| EBITDA growth | - | +9998.0% | - | -37.8% | +248.0% | +2330.8% | -89.0% |
| PBT growth | -47.7% | +9998.0% | - | -42.0% | +176.8% | +200.0% | +617.2% |
| Net income growth | -66.4% | +9998.0% | - | -49.4% | +204.0% | +164.4% | +320.2% |
| Revenue CAGR (3Y) | -40.0% | -37.0% | -13.8% | +64.9% | +53.3% | +9.0% | -32.6% |
| EBITDA CAGR (3Y) | - | -66.4% | - | +274.7% | +110.0% | +62.5% | -74.6% |
| Profitability & leverage | |||||||
| Net income margin | +7.6% | +20.3% | -15.5% | +30.6% | +62.8% | +42.8% | +33.7% |
| Return on capital employed | - | +2.5% | -1.2% | +11.0% | +21.7% | +9.0% | +3.7% |
| Return on net worth | - | +2.0% | -1.8% | +13.0% | +31.6% | +13.2% | +5.4% |
| Debt / equity | - | 0.15 | 0.16 | 0.11 | 0.06 | 0.18 | 0.39 |
| Long-term debt / equity | - | 0.08 | 0.08 | 0.07 | 0.05 | 0.15 | 0.30 |
| Interest cover | -17.94 | -390.91 | -38.92 | 1.58 | 0.34 | 6.17 | -219.48 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.55 | 0.72 | 2.64 | 2.68 | 1.16 | 0.51 |
| Inventory turnover | - | 0.18 | 0.21 | 0.62 | 0.56 | 0.29 | 0.15 |
| Debtors turnover | - | 44.43 | 4.06 | 9.55 | 14.51 | 13.03 | 17.37 |
| EPS (₹) | 1.00 | 3.01 | (2.82) | 18.81 | 37.15 | 12.23 | 4.60 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 155.05 | 151.97 | 154.51 | 135.93 | 98.97 | 86.84 |
Shareholding Pattern of Thakkers Developers Limited
Shareholding for the quarter ended Sep 2026: promoters hold 71.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 28.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 71.30% | 71.30% | 71.30% | 71.30% |
| Public | 28.70% | 28.70% | 28.70% | 28.70% |
Group Structure of Thakkers Developers Limited
Thakkers Developers has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Jamuna Horticulture Private Limited | U01100MH1997PTC111654 | - |
| Harshawardhan Developers Private Limited | U45200MH1996PTC097274 | - |
| Pratap Marketing Private Limited | U51900MH1994PTC080125 | - |
| Motel Kutir Nirman Private Limited | U55101MH2007PTC168293 | - |
| Shree Kalavati Farm Private Limited | U70109MH2021PTC360309 | - |
Showing major subsidiaries. Total: 5.
Charges & Borrowings of Thakkers Developers
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jun 2025 | Hdfc Bank Limited | ₹45.5 Cr | Open |
| 04 May 2023 | Others | ₹1.31 Cr | Open |
| 15 Mar 2019 | Others | ₹1.5 Cr | Open |
| 18 Jun 2013 | Others | ₹1.15 Cr | Open |
| 16 Jun 2023 | Others | ₹18 Cr | Satisfied |
Total charge records: 30 View all charges
Employees and EPFO Compliance at Thakkers Developers
Employment history and EPFO contributions of people linked to Thakkers Developers.
Employee and EPFO history for Thakkers Developers Limited
Monthly headcount, contribution history and filing status are in the company report.
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GST Compliance of Thakkers Developers
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Credit Ratings, Litigation & Regulatory Alerts for Thakkers Developers
Credit ratings, litigation, and regulatory alerts for Thakkers Developers Limited
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MSME Payment Delays by Thakkers Developers
MSME payment history for Thakkers Developers Limited
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Subsidiaries & Group Companies of Thakkers Developers
Corporate group structure for Thakkers Developers Limited
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MCA Filings & Documents of Thakkers Developers
MCA filings and documents for Thakkers Developers Limited
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Recent Activity on Thakkers Developers
Recent News on Thakkers Developers
Frequently Asked Questions about Thakkers Developers Limited
Thakkers Developers is an active public limited company in the real estate and construction sector based in Mumbai, Maharashtra, India. It was incorporated on 30 March 1987 (39+ years old) and is registered under CIN L45200MH1987PLC043034. Listed on BSE: 526654.
Thakkers Developers reported revenue of ₹34.67 Cr for FY 2025-26 (up 9.75% YoY) based on consolidated financials.
The current directors of Thakkers Developers are:
- Narendra Manohardas Thakker - Director
- Jitendra Manohardas Thakker - Director
- Rajendra Manohardas Thakker - Managing Director
- Pravin Nimba Wani - Director
- Girish Sharad Navase - Director
- Chandrakant Mulchand Patel - Director
- Subhash Nandlal Dhoot - Director
- Vidhi Rishabh Shah - Additional Director
The primary industry of Thakkers Developers is real estate and construction. The company specifically operates in real estate builders and developers. The company is currently active in this sector.
Yes. Thakkers Developers is listed on BSE with code 526654.
Thakkers Developers can be reached at the registered office: 3739 Kantoniwas 3Rd Floormodi Street Fort, Mumbai, Maharashtra, India – 400001, or through the website thakkersdevelopers.com.