Thacker & Company Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company has delivered good profit growth of 21.7% CAGR over last 5 years
- Company is almost debt free
- Promoters have been increasing their shareholding - up 4.6pp over 2 years
- Company generates healthy free cash flow
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (86.5% of PBT)
- Recent results are weak - TTM profit is down 61.0% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.64x)
- Company has a low return on equity of 9.3% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2936.00 | 53.39 | 397452.96 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 998.00 | 27.21 | 45304.36 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| AEGISLOG | 1270.55 | 35.64 | 44596.31 | 0.68 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3705.90 | 91.86 | 43840.96 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| REDINGTON | 371.40 | 17.07 | 29035.10 | 1.62 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 470.75 | 61.67 | 15347.59 | 0.64 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 74.20 | 100.87 | 11327.02 | 0.20 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 826.10 | 83.74 | 10411.77 | 0.00 | 45.58 | 41.07 | 1308.57 | 14.41 | 10.43 | 4.49 |
| MMTC | 64.18 | 21.52 | 9627.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1827.20 | 63.41 | 7952.54 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 342.50 | 24.69 | 7724.69 | 0.44 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| THACKER | 1100.00 | 6.33 | 119.65 | 0.00 | 6.10 | -90.36 | 1.17 | 117.22 | 2.50 | 555.07 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Operating Profit | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 |
| OPM % | 80.39% | 81.69% | 74.51% | 78.43% | 76.92% | 78.85% | 68.06% | 83.21% | 68.52% | 68.52% | 70.97% | 73.02% | 65.73% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | 0 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 1 | 1 | 1 |
| Tax % | 16.00% | 17.45% | 35.85% | 138.18% | 19.30% | 22.52% | 24.64% | 10.97% | 19.18% | 21.82% | 19.23% | 20.00% | 18.26% |
| Net Profit | 0 | 1 | 0 | -0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 3.87 | 11.34 | 3.10 | -1.89 | 4.23 | 10.71 | 4.86 | 12.68 | 4.12 | 11.84 | 5.78 | 5.88 | 5.80 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 0 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | |
| 2 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Operating Profit | 0 | -0 | -0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| OPM % | 16.73% | -69.92% | -845.94% | 49.85% | 67.37% | 79.53% | 79.56% | 78.87% | 77.65% | 70.95% | 68.88% |
| 0 | 4 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 4 | 0 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 3 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Profit before Tax | -0 | 0 | -0 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 |
| Tax % | 7.63% | -2.48% | 1.17% | 10.38% | 22.42% | 16.00% | 20.27% | 41.99% | 18.16% | 20.54% | 20.26% |
| Net Profit | -0 | 0 | -0 | 1 | 1 | 2 | 2 | 2 | 4 | 3 | 3 |
| EPS | -2.21 | 0.00 | 0.00 | 0.00 | 10.85 | 22.54 | 20.70 | 16.41 | 32.47 | 28.93 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -7%
- 5 Years:
- 2%
- 3 Years:
- 3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 21%
- 3 Years:
- 10%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- —
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 11%
- 3 Years:
- 9%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 | 35 | 32 | 29 | 30 | 32 | 35 | 37 | 49 | 48 | |
| 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 1 | 3 | 4 | 2 | 1 | 1 | 1 | 2 | 2 | 2 | |
| Total Liabilities | 12 | 39 | 36 | 31 | 31 | 33 | 36 | 39 | 51 | 50 |
| 3 | 27 | 25 | 22 | 20 | 19 | 17 | 16 | 15 | 14 | |
| 7 | 10 | 9 | 7 | 9 | 11 | 13 | 15 | 23 | 19 | |
| Cash & Bank | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 1 | 1 | 1 | 1 | 0 | 2 | 5 | 8 | 13 | 16 | |
| Total Assets | 12 | 39 | 36 | 31 | 31 | 33 | 36 | 39 | 51 | 50 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | -1 | 0 | -1 | -0 | -1 | -3 | -3 | -2 | -0 | |
| Cash from Investing | 2 | 1 | 0 | 2 | 1 | 1 | 3 | 3 | 2 | 0 |
| Cash from Financing | -5 | 1 | -1 | -2 | -1 | 0 | 0 | 0 | -0 | -0 |
| 1 | -0 | -0 | -0 | 1 | -1 | -1 | -0 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -2.21 | 4.47 | -4.21 | 12.61 | 10.86 | 22.54 | 20.70 | 16.41 | 32.47 | 28.93 |
| Book Value (₹) | 109.50 | 108.02 | 96.93 | 92.81 | 116.41 | 152.79 | 187.20 | 219.97 | 343.20 | 342.20 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.06 | 28.63 | 17.62 | 31.91 | 28.75 | 38.38 | 34.99 | 29.32 | 44.51 | 39.77 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 29.63% | 561.94% | 4266.06% | 228.46% | 162.34% | 226.98% | 207.66% | 78.87% | 77.65% | 70.95% |
| Net Margin % | -8.34% | 82.76% | -888.86% | 82.90% | 54.95% | 119.81% | 106.75% | 80.00% | 115.22% | 135.25% |
| ROE % | -2.00% | 4.77% | -4.11% | 13.29% | 10.38% | 16.75% | 12.18% | 8.06% | 11.53% | 8.44% |
| ROCE % | 3.31% | 5.14% | -1.28% | 14.21% | 13.11% | 19.90% | 15.25% | 13.82% | 14.02% | 10.62% |
| -1.17% | 1.90% | -1.23% | 4.10% | 3.77% | 7.57% | 6.51% | 4.79% | 7.86% | 6.25% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Inventory Days | 42 | 142 | 1602 | 41 | 25 | 20 | 13 | 12 | 9 | 6 |
| Payable Days | 0 | 649 | 0 | 224 | 0 | 0 | 0 | 0 | 602 | 0 |
| 42 | -507 | 1602 | -183 | 25 | 20 | 13 | 12 | -593 | 24 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.30x | 0.27x | 0.22x | 0.07x | 0.01x | 0.00x | 0.00x | 0.01x | 0.01x | 0.00x |
| Interest Coverage (x) | 0.71x | 3.41x | -0.62x | 11.22x | 76.85x | 1327.95x | 1662.65x | 1540.20x | 373.16x | 308.05x |
| 0.40x | 0.33x | 0.29x | 0.46x | 1.70x | 4.38x | 5.38x | 6.18x | 10.60x | 14.92x | |
| GROWTH | ||||||||||
| Revenue Growth % | -56.70% | -71.85% | -91.23% | 3113.16% | 29.92% | -4.76% | 3.08% | 5.81% | 37.37% | -24.11% |
| Operating Profit Growth % | 39.65% | 433.78% | -33.44% | 72.08% | -7.68% | 33.15% | -5.69% | 2.36% | 25.72% | -9.92% |
| Net Profit Growth % | 31.49% | 379.23% | -194.16% | 399.69% | -13.89% | 107.66% | -8.15% | -20.71% | 97.85% | -10.92% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -20.71% | 97.85% | -10.92% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 42.64x | 38.49x | 26.35x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.18x | 3.64x | 2.23x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.90x | 24.02x | 16.22x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
Recent coverage and analyst commentary for THACKER
Loading news…
AI Stock Analyst
Thacker & Company Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account

