Thakkers Developers (BOM:526654) Scaled Net Operating Assets: 0.76 (As of Mar. 2026)


BOM:526654 Thakkers Developers Ltd BOM:526654
72 GF Score
Price ₹122.00
GF Value ₹168.02
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Thakkers Developers Scaled Net Operating Assets?

Thakkers Developers BOM:526654 +4.99% 72 Scaled Net Operating Assets is 0.76 as of Mar. 2026. GuruFocus rates BOM:526654 with a GF Score™ of 72/100 and a GF Value™ of ₹168.02 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Thakkers Developers's operating assets for the quarter that ended in Mar. 2026 was ₹2,015.2 Mil. Thakkers Developers's operating liabilities for the quarter that ended in Mar. 2026 was ₹392.1 Mil. Thakkers Developers's Total Assets for the quarter that ended in Dec. 2025 was ₹2,143.3 Mil. Therefore, Thakkers Developers's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.76.

Thakkers Developers Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Thakkers Developers's Scaled Net Operating Assets 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.

Thakkers Developers Scaled Net Operating Assets Chart

Thakkers Developers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.72 0.64 0.71 0.74

Thakkers Developers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.77 0.75 0.78 0.76

Thakkers Developers Scaled Net Operating Assets Competitor Comparison

For the Real Estate - Development subindustry, Thakkers Developers's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Thakkers Developers's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Thakkers Developers's Scaled Net Operating Assets falls into.


BOM:526654
72GF Score
Thakkers Developers Ltd BOM:526654
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Thakkers Developers Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Thakkers Developers's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(2015.206-392.122)/2180.666
=0.74

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2125.803 - 110.597
=2015.206

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=562.952 - 148.766 - 22.064
=392.122

Thakkers Developers's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2015.206-392.122)/2143.317
=0.76

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2125.803 - 110.597
=2015.206

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=562.952 - 148.766 - 22.064
=392.122

* 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.

What does a Scaled Net Operating Assets of 0.76 mean?
Thakkers Developers (BOM:526654) has a Scaled Net Operating Assets of 0.76 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Thakkers Developers and its competitors.
Is Thakkers Developers' Scaled Net Operating Assets too high?
Thakkers Developers' current Scaled Net Operating Assets is 0.76. Overall, Thakkers Developers has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thakkers Developers' Scaled Net Operating Assets compare to competitors?
Thakkers Developers' Scaled Net Operating Assets of 0.76 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Real Estate company?
A good Scaled Net Operating Assets depends on the Real Estate industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Thakkers Developers and its competitors. Thakkers Developers's current Scaled Net Operating Assets is 0.76. 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 (BOM:526654) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹168.02, compared to a current price of ₹122.00 — trading 27.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.76. Thakkers Developers' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Thakkers Developers (BOM:526654), the current Scaled Net Operating Assets is 0.76 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 (BOM:526654) Overvalued in 2026?

Based on GuruFocus' analysis, Thakkers Developers stock appears to be undervalued. The current stock price of ₹122.00 is trading 27.4% below its estimated GF Value™ of ₹168.02. GuruFocus considers Thakkers Developers to be Modestly Undervalued.

Key valuation signals for BOM:526654:

  • Scaled Net Operating Assets: 0.76
  • GF Value™: ₹168.02 vs. price of ₹122.00 (27.4% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the BOM:526654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thakkers Developers Business Description

Address Modi Street, 37/39, Kantol Niwas, Fort, Mumbai, MH, IND, 400 001
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.
72GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹122.00
Price
₹168.02
GF Value