Thangamayil Jewellery Ltd.

•

thangamayil.comBSE: 533158NSE: THANGAMAYL

Market Cap₹ 15,897 Cr.

Current Price

High / Low₹ 7,430 / 1,940

Stock P/E40.7

Book Value₹ 483

Price to Book7.51

Dividend Yield0.35 %

ROCE26.6 %

ROE27.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Gold, Silver, Diamond & Platinum: 100.0%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 32.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
Company has a healthy return on capital (ROCE) of 20.8%
Latest quarter profit grew 86.2% YoY, showing strong momentum
Company has delivered good sales growth of 36.1% CAGR over last 5 years

CONS

Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -5.7pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.39x)
Stock is trading at 7.5x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TITAN	4989.80	76.91	442987.54	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	608.00	43.76	62791.26	0.41	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	334.70	18.55	18733.49	0.00	—	—	—	—	43.11	—
4.	THANGAMAYL	5114.40	40.65	15896.59	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	PCJEWELLER	13.88	17.47	13535.96	0.00	221.88	37.02	877.04	20.99	9.68	27.54
6.	BLUESTONE	872.05	236.57	13323.07	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
7.	SKYGOLD	832.75	38.50	12897.12	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	897.00	24.55	8196.20	0.00	—	—	—	—	70.86	—
9.	SENCO	355.60	10.21	5828.32	0.49	1011.43	866.46	30560.27	1573.37	22.86	6.97
10.	GOLDIAM	329.75	23.54	4964.62	0.63	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	214.80	12.65	3603.69	2.79	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	523.65	16.35	3494.35	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

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
	959	992	895	981	1,220	1,178	1,132	1,380	1,555	1,705	2,401	2,838	2,666
	868	969	845	933	1,130	1,188	1,049	1,323	1,471	1,605	2,234	2,625	2,551
Operating Profit	91	23	50	48	90	-10	82	57	84	99	168	213	116
OPM %	9.51%	2.33%	5.56%	4.92%	7.36%	-0.88%	7.28%	4.14%	5.43%	5.83%	6.98%	7.52%	4.33%
	0	0	0	0	0	0	0	0	0	0	-2	0	0
Interest	10	9	9	9	9	11	10	11	15	16	16	20	18
Depreciation	3	4	4	5	5	6	5	7	7	11	11	12	11
Profit before Tax	79	12	38	36	77	-24	67	39	65	78	143	182	116
Tax %	25.83%	31.57%	25.83%	21.66%	26.73%	25.93%	28.55%	19.13%	29.82%	25.36%	26.80%	21.71%	26.33%
Net Profit	59	8	28	28	57	-17	48	31	46	59	105	143	85
	21.36	3.06	10.21	10.29	20.61	-6.36	17.56	10.18	14.71	18.82	33.71	45.89	27.38

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
	1,294	1,377	1,443	1,692	1,819	2,193	3,153	3,827	4,911	8,499	9,610
	1,245	1,318	1,373	1,594	1,678	2,107	3,000	3,614	4,692	7,935	9,015
Operating Profit	48	59	71	98	141	86	153	212	219	565	596
OPM %	3.74%	4.31%	4.89%	5.78%	7.75%	3.93%	4.85%	5.55%	4.46%	6.64%	6.20%
	1	2	3	3	8	2	3	5	6	12	-2
Interest	21	19	20	21	23	26	35	36	41	68	70
Depreciation	9	8	8	10	9	10	13	16	24	40	45
Profit before Tax	19	34	46	69	117	52	108	165	160	469	519
Tax %	27.60%	32.60%	33.56%	34.23%	25.98%	25.93%	26.12%	25.35%	25.77%	25.00%	24.69%
Net Profit	14	23	30	46	87	39	80	123	119	352	391
EPS	0.00	0.00	0.00	0.00	63.11	28.09	29.06	44.91	38.20	113.14	—
Dividend Payout %	19.63%	20.99%	22.67%	15.03%	15.85%	35.60%	20.64%	22.27%	32.73%	15.91%	—

COMPOUNDED SALES GROWTH

10 Years:: 21%
5 Years:: 36%
3 Years:: 39%

COMPOUNDED PROFIT GROWTH

10 Years:: 42%
5 Years:: 32%
3 Years:: 64%

STOCK PRICE CAGR

10 Years:: 45%
5 Years:: 58%
3 Years:: 58%
1 Year:: 132%

RETURN ON EQUITY

10 Years:: 20%
5 Years:: 21%
3 Years:: 24%
Last Year:: 28%

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
Equity Capital	14	14	14	14	14	14	14	27	31	31
	136	155	179	206	284	311	375	466	1,071	1,385
	94	190	154	244	277	369	526	463	713	836
Trade Payables	88	58	75	37	13	7	20	18	33	20
	100	193	231	213	186	203	309	505	707	1,544
Total Liabilities	431	611	652	715	774	904	1,244	1,479	2,555	3,815
	72	74	71	81	79	84	120	154	201	293
Capital Work in Progress	1	1	1	2	2	7	2	2	11	7
	312	476	504	564	649	750	982	1,189	1,979	2,954
	0	0	0	0	0	0	0	4	9	24
Cash & Bank	20	32	52	31	17	17	76	82	242	381
	26	28	24	37	27	46	64	47	114	156
Total Assets	431	611	652	715	774	904	1,244	1,479	2,555	3,815

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
	75	-46	94	-22	83	-62	37	330	-424	322
Cash from Investing	-6	-27	-17	8	18	-21	-86	-30	-138	-165
Cash from Financing	-56	74	-62	24	-64	94	78	-293	637	-122
	7	-6	5	-7	8	-7	2	8	75	36

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	67.32	61.27	61.27	61.49	61.53	61.56	61.56	61.61	61.61
	1.08	4.52	4.05	4.41	4.49	4.61	4.70	4.37	5.54
	12.08	12.77	13.56	14.80	14.83	14.93	16.30	17.12	16.16
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.51	21.43	21.10	19.29	19.15	18.90	17.44	16.91	16.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-24

Press Release

2026-08-24 - Thangamayil Jewellery Limited has informed the Exchange regarding a press release dated August 24, 2026, titled "Intimation of press release on opening of 2 new stores in chennai".

2026-08-05

General Updates

2026-08-05 - Thangamayil Jewellery Limited has informed the Exchange about General Updates

2026-08-04

General Updates

2026-08-04 - Thangamayil Jewellery Limited has informed the Exchange about General Updates- AADI PERUKKU SALES PERFORMANCE

2026-07-31

Copy of Newspaper Publication

2026-07-31 - Thangamayil Jewellery Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-31

Shareholders meeting

2026-07-31 - Thangamayil Jewellery Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 29, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-29

Shareholders meeting

2026-07-29 - Thangamayil Jewellery Limited has informed the Exchange about Shareholders meeting- proceedings of meeting

2026-07-29

General Updates

2026-07-29 - Thangamayil Jewellery Limited has informed the Exchange about General Updates- initmation of annual general meeting

2026-07-29

General Updates

2026-07-29 - Thangamayil Jewellery Limited has informed the Exchange about General Updates- UNAUDITED FIANNCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026

2026-07-29

Outcome of Board Meeting

2026-07-29 - Thangamayil Jewellery Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

News

Recent coverage and analyst commentary for THANGAMAYL

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Thangamayil Jewellery Ltd.

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Name

TITAN

4989.80

76.91

442987.54

0.30

1777.00

62.88

21356.00

44.16

21.90

13.54

KALYANKJIL

608.00

43.76

62791.26

0.41

348.67

32.03

10588.93

45.68

24.86

5.97

LALITHAA

334.70

18.55

18733.49

0.00

—

43.11

—

THANGAMAYL

5114.40

40.65

15896.59

0.35

85.09

86.15

2666.38

71.44

26.62

5.43

PCJEWELLER

13.88

17.47

13535.96

0.00

221.88

37.02

877.04

20.99

9.68

27.54

BLUESTONE

872.05

236.57

13323.07

0.00

59.61

271.56

7368.46

1395.59

9.24

14.50

SKYGOLD

832.75

38.50

12897.12

0.00

104.90

140.67

2012.79

77.93

27.61

7.79

AUGMONT

897.00

24.55

8196.20

0.00

—

70.86

—

SENCO

355.60

10.21

5828.32

0.49

1011.43

866.46

30560.27

1573.37

22.86

6.97

GOLDIAM

329.75

23.54

4964.62

0.63

73.97

120.06

326.03

41.92

24.85

20.33

VAIBHAVGBL

214.80

12.65

3603.69

2.79

563.83

1398.27

9170.73

1026.99

18.41

10.55

TBZ

523.65

16.35

3494.35

0.48

33.92

50.76

840.97

34.78

23.29

8.60

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

959

992

895

981

1,220

1,178

1,132

1,380

1,555

1,705

2,401

2,838

2,666

868

969

845

933

1,130

1,188

1,049

1,323

1,471

1,605

2,234

2,625

2,551

Operating Profit

-10

168

213

116

OPM %

9.51%

2.33%

5.56%

4.92%

7.36%

-0.88%

7.28%

4.14%

5.43%

5.83%

6.98%

7.52%

4.33%

-2

Interest

Depreciation

Profit before Tax

-24

143

182

116

Tax %

25.83%

31.57%

25.83%

21.66%

26.73%

25.93%

28.55%

19.13%

29.82%

25.36%

26.80%

21.71%

26.33%

Net Profit

-17

105

143

21.36

3.06

10.21

10.29

20.61

-6.36

17.56

10.18

14.71

18.82

33.71

45.89

27.38

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,294

1,377

1,443

1,692

1,819

2,193

3,153

3,827

4,911

8,499

9,610

1,245

1,318

1,373

1,594

1,678

2,107

3,000

3,614

4,692

7,935

9,015

Operating Profit

141

153

212

219

565

596

OPM %

3.74%

4.31%

4.89%

5.78%

7.75%

3.93%

4.85%

5.55%

4.46%

6.64%

6.20%

-2

Interest

Depreciation

Profit before Tax

117

108

165

160

469

519

Tax %

27.60%

32.60%

33.56%

34.23%

25.98%

25.93%

26.12%

25.35%

25.77%

25.00%

24.69%

Net Profit

123

119

352

391

EPS

0.00

63.11

28.09

29.06

44.91

38.20

113.14

—

Dividend Payout %

19.63%

20.99%

22.67%

15.03%

15.85%

35.60%

20.64%

22.27%

32.73%

15.91%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

136

155

179

206

284

311

375

466

1,071

1,385

190

154

244

277

369

526

463

713

836

Trade Payables

100

193

231

213

186

203

309

505

707

1,544

Total Liabilities

431

611

652

715

774

904

1,244

1,479

2,555

3,815

120

154

201

293

Capital Work in Progress

312

476

504

564

649

750

982

1,189

1,979

2,954

Cash & Bank

242

381

114

156

Total Assets

431

611

652

715

774

904

1,244

1,479

2,555

3,815

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-46

-22

-62

330

-424

322

Cash from Investing

-6

-27

-17

-21

-86

-30

-138

-165

Cash from Financing

-56

-62

-64

-293

637

-122

-6

-7

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

67.32

61.27

61.49

61.53

61.56

61.61

1.08

4.52

4.05

4.41

4.49

4.61

4.70

4.37

5.54

12.08

12.77

13.56

14.80

14.83

14.93

16.30

17.12

16.16

Government

0.00

19.51

21.43

21.10

19.29

19.15

18.90

17.44

16.91

16.69

Thangamayil Jewellery Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Thangamayil Jewellery Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI