Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Thakkers DevelopersNSE:THAKDEV 53 Debt-to-Equity is 0.11 as of Mar. 2026, which is 42% below its 10-year median of 0.19. GuruFocus rates NSE:THAKDEV with a GF Score™ of 53/100 and a GF Value™ of ₹156.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,541 Real Estate companies, Thakkers Developers ranks better than 86.44% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Thakkers Developers's Debt-to-Equity or its related term are showing as below:
NSE:THAKDEV'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.19 Max: 0.42
Current: 0.11
During the past 13 years, the highest Debt-to-Equity Ratio of Thakkers Developers was 0.42. The lowest was 0.03. And the median was 0.19.
NSE:THAKDEV's Debt-to-Equity is ranked better than 86.44% of 1541
companies
in the Real Estate industry
Industry Median: 0.75
vs NSE:THAKDEV: 0.11
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thakkers Developers Debt-to-Equity Related Terms
Thakkers Developers Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Thakkers Developers's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Real Estate - Development subindustry, Thakkers Developers's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thakkers Developers Debt-to-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Thakkers Developers's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Thakkers Developers's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thakkers Developers (NSE:THAKDEV) has a Debt-to-Equity of 0.11 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thakkers Developers and its competitors. This is 42% below median its historical median of 0.19. Over the past decade, Thakkers Developers' Debt-to-Equity has ranged from 0.03 to 0.42. According to the industry distribution chart, Thakkers Developers ranks #209 out of 1541 companies in the Real Estate industry, placing it in the top 13.6%.
Is Thakkers Developers' Debt-to-Equity too high?
Thakkers Developers' current Debt-to-Equity of 0.11 is 42% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.42. The Real Estate industry median Debt-to-Equity is 0.75. Thakkers Developers' value of 0.11 is 85.3% below this industry median. Based on the distribution chart, Thakkers Developers ranks #209 out of 1541 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Thakkers Developers has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thakkers Developers' Debt-to-Equity compare to ?
According to the Real Estate industry distribution chart, Thakkers Developers ranks #209 out of 1541 companies for Debt-to-Equity. This places Thakkers Developers in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.75. Thakkers Developers' value of 0.11 is 85.3% below this benchmark. Historically, Thakkers Developers' own Debt-to-Equity has ranged from 0.03 to 0.42 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.75, Thakkers Developers has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,541 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thakkers Developers's current Debt-to-Equity of 0.11 is 85.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Thakkers Developers and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thakkers Developers's current Debt-to-Equity is 0.11, which is 42% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thakkers Developers stock overvalued right now?
Based on GuruFocus' analysis, Thakkers Developers (NSE:THAKDEV) is currently considered Fairly Valued. The stock's GF Value™ is ₹156.84, compared to a current price of ₹150.00 — trading 4.4% below its estimated fair value. The current Debt-to-Equity is 0.11, which is 42% below median its 10-year median of 0.19 and 85.3% below the Real Estate industry median of 0.75. Thakkers Developers' overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Thakkers Developers (NSE:THAKDEV), the current Debt-to-Equity is 0.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thakkers Developers (NSE:THAKDEV) Overvalued in 2026?
Based on GuruFocus' analysis, Thakkers Developers stock appears to be undervalued.
The current stock price of ₹150.00 is trading 4.4% below its estimated GF Value™ of ₹156.84.
GuruFocus considers Thakkers Developers to be Fairly Valued.
Key valuation signals for NSE:THAKDEV:
Debt-to-Equity: 0.11 (42% below median its 10-year median of 0.19)
GF Value™: ₹156.84 vs. price of ₹150.00 (4.4% below fair value)
Industry Position: 85.3% below the Real Estate median (#209 of 1541)
No single metric tells the full story. See the NSE:THAKDEV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thakkers Developers Ltd is an India-based company engaged in construction and real estate development activities. Its segments include Construction and Contract Related Activity and Estate Dealing and Development Activity. It has plots under divisions including industrial, commercial, residential, and agricultural. Richmond Heights, Indigo Park, Purab Pashchim Plaza, and Thakkers Majesty are a few of the company's projects. It generates key revenue from the Construction and Contract Related Activity.
53GF Score
Get the complete analysis for NSE:THAKDEV
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:THAKDEV has been successfully added to your 
