Thangamayil Jewellery Ltd

Thangamayil Jew. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Thangamayil Jewellery Ltd

₹ 1,924 0.63%
21 May 9:56 a.m.
thangamayil.com BSE: 533158 NSE: THANGAMAYL
About

Thangamayil Jewellery Limited operates a chain of retail jewellery stores across several districts in Tamil Nadu, a state that have the largest share (40%) of India's total gold consumption.

The company primarily deals with four product lines, i.e., Gold, Silver, Diamonds and Platinum; the sale of gold being a predominant source of its income.

TMJL has also established four manufacturing units that employ in-house goldsmiths to craft designer jewellery, which are in vogue with the current trends in the marketplace. [1]

Key Points

Product Mix
Their product mix includes all items made in Gold, Silver & Diamond apart from certain gift category MRP items,[1] with 75% of its revenue from gold jewelry.[2]

Website BSE NSE
  • Market Cap ₹ 5,979 Cr.
  • Current Price ₹ 1,924
  • High / Low ₹ 2,567 / 1,125
  • Stock P/E 50.4
  • Book Value ₹ 355
  • Dividend Yield 0.51 %
  • ROCE 13.7 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 21.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 25.2%

Cons

  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -5.17%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
609 826 813 745 772 960 993 896 983 1,222 1,181 1,132 1,381
588 790 782 715 713 868 969 845 933 1,130 1,188 1,049 1,323
Operating Profit 21 36 32 30 59 92 24 51 50 92 -7 83 57
OPM % 3% 4% 4% 4% 8% 10% 2% 6% 5% 7% -1% 7% 4%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 8 8 8 9 11 10 9 9 9 9 11 10 11
Depreciation 3 2 3 2 6 3 4 4 5 5 6 5 7
Profit before tax 10 26 21 19 42 79 12 38 36 77 -24 67 39
Tax % 24% 27% 25% 26% 26% 26% 32% 26% 22% 27% -26% 29% 19%
8 19 16 14 31 59 8 28 28 57 -17 48 31
EPS in Rs 2.57 6.12 5.15 4.44 10.01 18.91 2.70 9.00 9.08 18.19 -5.61 15.50 10.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,191 1,421 1,272 1,299 1,379 1,443 1,692 1,819 2,193 3,153 3,827 4,916
1,177 1,418 1,228 1,251 1,320 1,373 1,594 1,672 2,107 3,000 3,614 4,692
Operating Profit 15 3 43 48 59 71 98 147 86 153 212 225
OPM % 1% 0% 3% 4% 4% 5% 6% 8% 4% 5% 6% 5%
5 2 3 1 2 3 3 2 2 3 5 0
Interest 35 29 24 21 19 20 21 23 26 35 36 41
Depreciation 6 8 8 9 8 8 10 9 10 13 16 24
Profit before tax -21 -33 14 19 34 46 69 117 52 108 165 160
Tax % -39% -32% 26% 28% 33% 34% 34% 26% 26% 26% 25% 26%
-13 -22 11 14 23 30 46 87 39 80 123 119
EPS in Rs -4.05 -7.19 3.40 4.51 7.38 9.76 14.73 27.93 12.44 25.72 39.63 38.19
Dividend Payout % -11% -6% 13% 20% 21% 23% 15% 16% 36% 21% 22% 33%
Compounded Sales Growth
10 Years: 13%
5 Years: 24%
3 Years: 31%
TTM: 28%
Compounded Profit Growth
10 Years: 22%
5 Years: 21%
3 Years: 45%
TTM: -4%
Stock Price CAGR
10 Years: 36%
5 Years: 76%
3 Years: 55%
1 Year: 58%
Return on Equity
10 Years: 19%
5 Years: 21%
3 Years: 20%
Last Year: 15%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 27 31
Reserves 140 115 124 136 155 179 206 284 311 375 466 1,071
236 185 146 119 229 178 260 323 417 571 532 797
89 101 118 168 213 282 235 154 163 287 456 660
Total Liabilities 479 414 402 437 611 652 715 775 905 1,247 1,481 2,559
82 74 78 72 74 71 81 79 84 120 154 201
CWIP 7 8 1 1 1 1 2 2 7 2 2 11
Investments 0 0 0 0 0 0 0 0 0 0 0 0
390 332 323 364 536 580 633 694 814 1,125 1,325 2,347
Total Assets 479 414 402 437 611 652 715 775 905 1,247 1,481 2,559

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
49 82 73 69 -53 85 -39 55 -79 10 330 -424
-17 -3 -5 -6 -27 -17 8 18 -21 -86 -30 -138
-45 -90 -64 -56 74 -62 24 -64 94 78 -293 637
Net Cash Flow -12 -11 4 7 -6 5 -7 8 -7 2 8 75

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 1 0 1 0 0 0 1
Inventory Days 113 77 87 96 140 143 139 149 139 127 128 161
Days Payable 2 9 14 27 17 21 9 3 1 3 2 3
Cash Conversion Cycle 111 68 73 69 123 122 130 146 138 125 126 159
Working Capital Days 85 47 44 38 64 54 74 94 103 86 73 105
ROCE % 4% -1% 13% 15% 16% 17% 21% 25% 11% 17% 20% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.66% 66.66% 66.66% 67.16% 67.16% 67.16% 67.32% 67.33% 67.33% 61.28% 61.28% 61.49%
0.16% 0.17% 0.16% 0.16% 0.20% 0.25% 0.74% 0.98% 1.08% 4.52% 4.05% 4.41%
11.49% 11.46% 11.46% 11.46% 11.46% 11.39% 11.40% 11.51% 12.08% 12.77% 13.56% 14.80%
21.69% 21.71% 21.71% 21.21% 21.17% 21.20% 20.52% 20.17% 19.50% 21.42% 21.10% 19.29%
No. of Shareholders 11,44612,61814,89014,89620,91729,60432,95433,84733,13540,90844,47944,669

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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