Thangamayil Jewellery Ltd

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

Thangamayil Jewellery Ltd

₹ 3,081 1.32%
06 Nov - close price
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 ₹ 9,577 Cr.
  • Current Price ₹ 3,081
  • High / Low ₹ 3,147 / 1,523
  • Stock P/E 52.1
  • Book Value ₹ 376
  • Dividend Yield 0.41 %
  • ROCE 13.7 %
  • ROE 14.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • 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

  • Stock is trading at 8.20 times its book value
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -5.10%

* 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

Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches

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

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
813 745 772 960 993 896 983 1,222 1,181 1,132 1,381 1,558 1,711
782 715 713 868 969 845 933 1,130 1,188 1,049 1,323 1,471 1,605
Operating Profit 32 30 59 92 24 51 50 92 -7 83 57 87 106
OPM % 4% 4% 8% 10% 2% 6% 5% 7% -1% 7% 4% 6% 6%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 8 9 11 10 9 9 9 9 11 10 11 15 16
Depreciation 3 2 6 3 4 4 5 5 6 5 7 7 11
Profit before tax 21 19 42 79 12 38 36 77 -24 67 39 65 78
Tax % 25% 26% 26% 26% 32% 26% 22% 27% -26% 29% 19% 30% 25%
16 14 31 59 8 28 28 57 -17 48 31 46 59
EPS in Rs 5.15 4.44 10.01 18.91 2.70 9.00 9.08 18.19 -5.61 15.50 10.10 14.71 18.82
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 TTM
1,191 1,421 1,272 1,299 1,379 1,443 1,692 1,819 2,193 3,153 3,827 4,911 5,782
1,177 1,418 1,228 1,251 1,320 1,373 1,594 1,672 2,107 3,000 3,614 4,692 5,449
Operating Profit 15 3 43 48 59 71 98 147 86 153 212 219 333
OPM % 1% 0% 3% 4% 4% 5% 6% 8% 4% 5% 6% 4% 6%
5 2 3 1 2 3 3 2 2 3 5 6 0
Interest 35 29 24 21 19 20 21 23 26 35 36 41 53
Depreciation 6 8 8 9 8 8 10 9 10 13 16 24 31
Profit before tax -21 -33 14 19 34 46 69 117 52 108 165 160 250
Tax % -39% -32% 26% 28% 33% 34% 34% 26% 26% 26% 25% 26%
-13 -22 11 14 23 30 46 87 39 80 123 119 184
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 59.13
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: 35%
Compounded Profit Growth
10 Years: 22%
5 Years: 21%
3 Years: 45%
TTM: 93%
Stock Price CAGR
10 Years: 42%
5 Years: 71%
3 Years: 85%
1 Year: 55%
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 Sep 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 27 31 31
Reserves 140 115 124 136 155 179 206 284 311 375 466 1,071 1,136
236 185 146 119 229 178 260 323 417 571 532 797 1,124
89 101 118 168 213 282 235 154 163 287 456 660 956
Total Liabilities 479 414 402 437 611 652 715 775 905 1,247 1,481 2,559 3,248
82 74 78 72 74 71 81 79 84 120 154 201 250
CWIP 7 8 1 1 1 1 2 2 7 2 2 11 7
Investments 0 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 2,991
Total Assets 479 414 402 437 611 652 715 775 905 1,247 1,481 2,559 3,248

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 96 140 143 139 149 139 127 127 164
Days Payable 2 9 14 27 17 21 9 3 1 3 2 3
Cash Conversion Cycle 111 68 73 69 123 122 130 146 138 125 125 162
Working Capital Days 20 16 24 21 22 25 34 52 53 38 36 54
ROCE % 4% -1% 13% 15% 16% 17% 21% 25% 11% 17% 20% 14%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
66.66% 67.16% 67.16% 67.16% 67.32% 67.33% 67.33% 61.28% 61.28% 61.49% 61.53% 61.56%
0.16% 0.16% 0.20% 0.25% 0.74% 0.98% 1.08% 4.52% 4.05% 4.41% 4.49% 4.61%
11.46% 11.46% 11.46% 11.39% 11.40% 11.51% 12.08% 12.77% 13.56% 14.80% 14.83% 15.25%
21.71% 21.21% 21.17% 21.20% 20.52% 20.17% 19.50% 21.42% 21.10% 19.29% 19.15% 18.58%
No. of Shareholders 14,89014,89620,91729,60432,95433,84733,13540,90844,47944,66948,99646,389

* 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.

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