NSE: THACKER · BSE: 509945
THACKER & CO. LTD.
Operates as a long-standing holding and investment entity with three named activity lines in its segment reporting. Investment & Finance generated ₹0.3508 crore in FY26 segment revenue and ₹0.3105 crore EBIT, consistent with returns on its investment book. Business Centre, the largest of the direct revenue lines at ₹0.9136 crore, posted ₹0.5603 crore EBIT, suggesting property or workspace-related leasing. Trading of scanners and related products contributed ₹0 in FY26, having reported a small ₹0.08 crore in the prior December quarter. Most of the company's profit is driven by two associates — AMJ Land Holding and Pudumjee Paper Products — whose earnings are booked via the share-of-associate method, so consolidated net profit of ₹19.12 crore sits well above standalone revenue of ₹2.33 crore. Total assets were ₹176.68 crore at FY26 year-end. The cost base is dominated by depreciation at 50.7% of revenue, with no materials cost and an employee cost share of 3.8%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Investment & Finance, Business Centre, Trading Business Scanners & related products, Trading Business Others. Asset-heavy, long-tenured investment holding entity with thin direct operations.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5 | 3 | 2 | 3 | 2 |
| EBITDA (ex other income) | 2 | 2 | 2 | 2 | 2 |
| margin % | 39.5 | 60.8 | 73.7 | 77.7 | 74.2 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 86.08 | 114.98 | 166.23 | 192.38 | 175.78 |
| ROE % · ROCE % | 9.3 · 3.5 | 11.0 · 3.2 | 13.2 · 2.4 | 12.7 · 2.6 | 10.9 · 2.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (2) | (4) | (3) | (2) | (0) |
| Capex | (0) | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 1 |
| Net profit | 5 | 6 | 4 | 6 | 6 | 5 | 4 | 4 |
| EPS (₹) | 47.47 | 57.02 | 34.89 | 52.99 | 58.14 | 41.75 | 35.63 | 40.26 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Investment & Finance | 2 | 39.6 |
| Business Centre | 3 | 59.0 |
| Trading Business Others | 0 | 1.4 |
| Other Unallocables | 0 | 0.0 |
| Total, before eliminations | 6 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine SEBI Reg 74(5) compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · KYC Update Letters Sent to Physical Shareholders | compliance | minimal | — | — |
| 28 Sept 2026 · Newspaper ad about special window for re-lodging physical share transfers | compliance | minimal | — | — |
| 23 Sept 2026 · Postal Ballot Notice and E-voting Info Published in Newspapers | compliance | minimal | — | — |
| 22 Sept 2026 · Postal Ballot: 4 Resolutions on Manager, Auditor and Rs.20cr Related Party Loan | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 148th AGM held on 25 Aug 2026; both resolutions passed with over 99.9% approval | compliance | minimal | — | — |
| 25 Aug 2026 · Proceedings of 148th AGM held via video conferencing | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Thacker & Co. files Q1 FY27 results in newspapers under SEBI rule | compliance | minimal | — | — |
| 13 Aug 2026 · Board approves CFO and auditor changes; possible buyback rules proposed | management changes | medium | — | — |
| 13 Aug 2026 · CFO change, new auditor, Articles amended for buy-back at Thacker & Co | general | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.