Thacker & Company Ltd (THACKER)
🎯 Key Takeaways
- Thacker & Company Ltd appears to be a financially distressed entity operating in the diversified services sector, with near-zero revenue and profit trends over recent quarters despite stable promoter holding. The company has reported negligible top-line performance and minimal operating profitability in the latest filings, with financial metrics indicating a potential liquidity or operational stagnation rather than active growth.
- Revenue declined 7.1% QoQ to ₹1 in Q1FY27.
- ⚠️ 1) Persistent near-zero revenue and profit trends with no signs of recovery or operational revival. 2) Lack of management commentary or forward-lookin
- Market Cap
- ₹117
- P/E Ratio
- 36.6
- P/B Ratio
- 0.67
- ROE
- 10.8%
- ROCE
- 2.3%
- Debt/Equity
- 0.00
- Promoter
- 68.9%
📖 The Story
Thacker & Company Ltd appears to be a financially distressed entity operating in the diversified services sector, with near-zero revenue and profit trends over recent quarters despite stable promoter holding. The company has reported negligible top-line performance and minimal operating profitability in the latest filings, with financial metrics indicating a potential liquidity or operational stagnation rather than active growth. Its balance sheet reflects a capital structure dominated by reserves with no debt, but also minimal equity accumulation, suggesting limited reinvestment or value creation. Management has not signaled any strategic pivot or operational revival in recent disclosures.
📰 What's Happening
There are no new operational developments or strategic announcements in the latest filings; the company continues to report minimal revenue and profit levels with no mention of new orders, expansions, or business restructuring. The consistent promoter stake of 68.89% across quarters indicates no changes in control, but the lack of FII or DII activity suggests limited institutional interest. Management has not disclosed any turnaround initiatives, cost-cutting measures beyond routine operations, or capital return plans in the available filings.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1 | 2 | 1 | 1 | 1 |
| Operating Profit | 1 | 2 | 1 | 1 | 1 |
| OPM % | 61.7% | 78.2% | 63.2% | 63.5% | 65.8% |
| Net Profit | 0 | 1 | 1 | 1 | 1 |
| EPS | ₹58.13 | ₹41.75 | ₹35.63 | ₹40.26 | ₹56.06 |
The company's quarterly revenue has remained largely flat at ₹1 crore over the past year, with operating profit margins fluctuating slightly but showing no clear upward trend — in fact, margins dipped in Q2 FY26 before modest recovery. Net profit turned negative in June 2025 (₹0 EPS) before returning to positive in September 2025, indicating inconsistent performance. Despite high reported operating margins in some quarters (e.g., 78.2% in Sep 2025), these are not translating into sustainable earnings growth, likely due to shrinking or stagnant revenue bases and possible accounting anomalies given the ₹1 revenue figures.
🔮 Management Outlook & What's Next
Management has not provided forward guidance or strategic outlook in the latest available filings, and there is no discussion of future revenue targets, margin improvement plans, or capital allocation strategy. The absence of commentary on business prospects or market conditions suggests either a lack of clarity or deliberate silence on future performance, which raises concerns about visibility into the company’s trajectory.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 0 |
| Reserves | 164 | 158 | 175 | 180 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 166 | 160 | 177 | 182 |
| Fixed Assets | 15 | 15 | 14 | 14 |
| Investments | 138 | 132 | 146 | 152 |
| Total Assets | 166 | 160 | 177 | 182 |
The balance sheet shows a stable but tiny equity base with reserves growing slightly over time, while total assets remain minimal and borrowings are non-existent. This suggests the company is not investing in expansion or new ventures, and may be in a maintenance or wind-down phase rather than a growth cycle. The lack of debt provides financial flexibility but also implies limited operational activity requiring capital.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | -0 |
| Investing | +0 |
| Financing | -0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 68.9% | 68.9% | 68.9% | 68.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 7.7% | 7.7% | 7.7% | 7.7% |
| Public | 11.2% | 11.3% | 11.8% | 11.2% |
| # Shareholders | 807 | 791 | 809 | 937 |
Promoter holding remains stable at 68.89%, indicating no dilution or change in control, but FII and DII stakes are unchanged and minimal (7.65% and ~11%), with no signs of accumulation. The slight increase in public shareholding percentage over recent quarters may reflect minor retail buying, but the overall shareholder base is stagnant with no significant institutional interest or trading activity.
⚖️ Peer Comparison — Diversified
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| 3MINDIA | 35,916 | 58.8 | 38.4% | — | 0.00 |
| NAVA | 15,501 | 20.5 | 13.3% | — | 0.25 |
| DCMSHRIRAM | 14,160 | 10.3 | 12.1% | — | 0.36 |
| IBULLSLTD | 6,977 | 15.9 | -2841.4% | — | -0.95 |
| QUESS | 5,111 | 20.2 | 27.2% | — | 0.00 |
| BALMLAWRIE | 2,763 | 9.9 | 16.3% | — | 0.04 |
| BLUSPRING | 2,147 | — | 3.0% | — | 0.12 |
| GOCLCORP | 1,800 | 5.3 | 11.5% | — | 0.00 |
| TTKHLTCARE | 1,465 | 19.8 | 8.5% | — | 0.02 |
| 512014 | 1,370 | 52.8 | 38.2% | — | 0.08 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Persistent near-zero revenue and profit trends with no signs of recovery or operational revival. 2) Lack of management commentary or forward-looking guidance, suggesting strategic uncertainty. 3) High reliance on accounting-level profitability without underlying revenue growth, raising concerns about sustainability. 4) Minimal institutional interest and low trading activity, which could lead to liquidity risk for any investor attempting to exit.
📋 Recent Filings
- Announcement2026-09-24Thacker & Company Ltd announces that its trading window will close on 1 October 2026 for all insiders until 48 hours after the quarterly results decla…
- 🟡 voting results2026-09-22Thacker & Company Limited announced a postal ballot via remote e-voting for four resolutions: re-appointment of Mr. Raju R. Adhia as Manager, alterati…
🧠 Analyst's Read
Thacker & Company Ltd appears to be in a dormant or potentially distressed state with no visible catalysts for improvement, making it a high-risk proposition for investors seeking operational momentum or growth. The key watchpoint is whether management initiates any strategic disclosures or operational updates in upcoming filings to signal renewed activity.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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