Thangamayil Jewellery Ltd

Thangamayil Jewellery is engaged in Business of Gold & Silver and precious metals.

Pros:
Company has reduced debt.
Company has good consistent profit growth of 34.53% over 5 years
Company has been maintaining a healthy dividend payout of 21.10%
Cons:
Promoter's stake has decreased
The company has delivered a poor growth of 3.91% over past five years.
Company has a low return on equity of 13.88% for last 3 years.

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

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Quarterly Results Figures in Rs. Crores

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
314 331 366 434 274 315 357 387 364 342 353 492
302 324 351 414 262 302 342 365 346 326 335 466
Operating Profit 13 8 15 20 12 13 15 22 17 16 18 26
OPM % 4% 2% 4% 5% 4% 4% 4% 6% 5% 5% 5% 5%
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Interest 6 5 5 5 4 5 5 5 5 5 5 5
Depreciation 2 2 3 2 2 2 2 2 2 2 2 2
Profit before tax 5 1 8 14 6 6 9 16 11 9 11 20
Tax % 26% 25% 30% 29% 30% 30% 42% 33% 34% 34% 34% 35%
Net Profit 4 0 6 10 4 4 5 10 7 6 7 13
EPS in Rs 2.60 0.28 4.00 7.04 3.01 3.06 3.46 7.51 5.13 4.13 5.28 9.36
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
224 247 451 658 1,131 1,523 1,191 1,421 1,272 1,299 1,379 1,443 1,551
212 228 420 600 1,014 1,440 1,177 1,418 1,228 1,251 1,320 1,373 1,473
Operating Profit 13 19 30 58 118 83 15 3 43 48 59 71 77
OPM % 6% 8% 7% 9% 10% 5% 1% 0% 3% 4% 4% 5% 5%
Other Income 0 -0 0 0 0 2 5 2 3 1 2 3 0
Interest 2 5 6 10 28 37 35 29 24 21 19 20 20
Depreciation 0 1 1 1 2 5 6 8 8 9 8 8 8
Profit before tax 10 14 24 47 87 43 -21 -33 14 19 34 46 50
Tax % 34% 35% 32% 33% 32% 31% 39% 32% 26% 28% 33% 34%
Net Profit 7 9 16 31 59 30 -13 -22 11 14 23 30 33
EPS in Rs 11.05 22.00 41.91 20.79 0.00 0.00 7.47 10.19 16.67 22.05 23.90
Dividend Payout % 6% 10% 34% 22% 16% 23% -11% -6% 13% 20% 21% 23%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:19.32%
5 Years:3.91%
3 Years:4.31%
TTM:16.24%
Compounded Profit Growth
10 Years:12.98%
5 Years:34.53%
3 Years:42.17%
TTM:38.57%
Return on Equity
10 Years:13.37%
5 Years:7.31%
3 Years:13.88%
Last Year:16.72%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
9 9 14 14 14 14 14 14 14 14 14 14
Reserves 20 24 61 84 132 154 140 115 124 136 155 179
Borrowings 20 43 70 131 258 239 236 185 146 119 229 178
5 10 11 28 68 189 92 104 122 171 213 282
Total Liabilities 54 87 156 257 471 595 482 418 405 439 611 653
11 9 14 24 61 74 82 74 78 72 74 71
CWIP 1 1 1 2 2 4 7 8 1 1 1 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0
42 77 141 231 408 518 394 336 326 366 536 581
Total Assets 54 87 156 257 471 595 482 418 405 439 611 653

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-7 -16 -34 -36 -54 108 49 82 73 69 -53 85
-2 -5 -6 -12 -40 -18 -17 -3 -5 -6 -27 -17
9 21 47 46 98 -70 -45 -90 -64 -56 74 -62
Net Cash Flow 0 0 7 -2 4 20 -12 -11 4 7 -6 5

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 34% 29% 27% 31% 37% 20% 4% -1% 13% 15% 16% 17%
Debtor Days 1 1 0 0 0 0 0 0 0 0 0 1
Inventory Turnover 8.08 4.94 4.98 4.05 3.92 3.65 2.95 4.50 4.47 4.38 3.50 2.95