Thangamayil Jewellery Ltd

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

Thangamayil Jewellery Ltd

₹ 2,122 -0.46%
11 Dec 3:58 p.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 ₹ 5,822 Cr.
  • Current Price ₹ 2,122
  • High / Low ₹ 2,650 / 1,140
  • Stock P/E 61.0
  • Book Value ₹ 188
  • Dividend Yield 0.47 %
  • ROCE 20.3 %
  • ROE 28.0 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 26.2%

Cons

  • Stock is trading at 11.3 times its book value
  • Promoter holding has decreased over last quarter: -6.05%
  • Company might be capitalizing the interest cost

* 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 Consumer Discretionary BSE Allcap

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
705 631 609 826 813 745 772 960 993 896 983 1,222 1,181
661 605 588 790 782 715 713 868 969 845 933 1,130 1,188
Operating Profit 44 26 21 36 32 30 59 92 24 51 50 92 -7
OPM % 6% 4% 3% 4% 4% 4% 8% 10% 2% 6% 5% 7% -1%
0 0 0 0 0 0 0 0 0 0 0 0 0
Interest 6 7 8 8 8 9 11 10 9 9 9 9 11
Depreciation 2 3 3 2 3 2 6 3 4 4 5 5 6
Profit before tax 36 16 10 26 21 19 42 79 12 38 36 77 -24
Tax % 25% 28% 24% 27% 25% 26% 26% 26% 32% 26% 22% 27% -26%
27 11 8 19 16 14 31 59 8 28 28 57 -17
EPS in Rs 9.75 4.13 2.91 6.93 5.82 5.03 11.32 21.39 3.06 10.20 10.29 20.61 -6.36
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Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,523 1,191 1,421 1,272 1,299 1,379 1,443 1,692 1,819 2,193 3,153 3,827 4,282
1,440 1,177 1,418 1,228 1,251 1,320 1,373 1,594 1,672 2,107 3,000 3,614 4,097
Operating Profit 83 15 3 43 48 59 71 98 147 86 153 212 185
OPM % 5% 1% 0% 3% 4% 4% 5% 6% 8% 4% 5% 6% 4%
2 5 2 3 1 2 3 3 2 2 3 5 0
Interest 37 35 29 24 21 19 20 21 23 26 35 36 37
Depreciation 5 6 8 8 9 8 8 10 9 10 13 16 20
Profit before tax 43 -21 -33 14 19 34 46 69 117 52 108 165 127
Tax % 31% -39% -32% 26% 28% 33% 34% 34% 26% 26% 26% 25%
30 -13 -22 11 14 23 30 46 87 39 80 123 95
EPS in Rs 10.81 -4.59 -8.13 3.84 5.10 8.35 11.04 16.66 31.60 14.07 29.10 44.91 34.74
Dividend Payout % 23% -11% -6% 13% 20% 21% 23% 15% 16% 36% 21% 22%
Compounded Sales Growth
10 Years: 12%
5 Years: 22%
3 Years: 28%
TTM: 23%
Compounded Profit Growth
10 Years: 28%
5 Years: 32%
3 Years: 12%
TTM: -15%
Stock Price CAGR
10 Years: 36%
5 Years: 66%
3 Years: 47%
1 Year: 48%
Return on Equity
10 Years: 18%
5 Years: 24%
3 Years: 22%
Last Year: 28%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 27 27
Reserves 154 140 115 124 136 155 179 206 284 311 375 466 489
239 236 185 146 119 229 178 260 323 417 571 532 800
189 89 101 118 168 213 282 235 154 163 287 456 553
Total Liabilities 595 479 414 402 437 611 652 715 775 905 1,247 1,481 1,869
74 82 74 78 72 74 71 81 79 84 120 154 161
CWIP 4 7 8 1 1 1 1 2 2 7 2 2 5
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
518 390 332 323 364 536 580 633 694 814 1,125 1,325 1,702
Total Assets 595 479 414 402 437 611 652 715 775 905 1,247 1,481 1,869

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
108 49 82 73 69 -53 85 -39 55 -79 10 330
-18 -17 -3 -5 -6 -27 -17 8 18 -21 -86 -30
-70 -45 -90 -64 -56 74 -62 24 -64 94 78 -293
Net Cash Flow 20 -12 -11 4 7 -6 5 -7 8 -7 2 8

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 0 0 0 0 0 1 0 1 0 0 0
Inventory Days 125 113 77 87 96 140 143 139 149 139 127 128
Days Payable 34 2 9 14 27 17 21 9 3 1 3 2
Cash Conversion Cycle 92 111 68 73 69 123 122 130 146 138 125 126
Working Capital Days 73 85 47 44 38 64 54 74 94 103 86 73
ROCE % 20% 4% -1% 13% 15% 16% 17% 21% 25% 11% 17% 20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.66% 66.66% 66.66% 66.66% 66.66% 67.16% 67.16% 67.16% 67.32% 67.33% 67.33% 61.28%
1.81% 1.19% 0.16% 0.17% 0.16% 0.16% 0.20% 0.25% 0.74% 0.98% 1.08% 4.52%
10.51% 11.51% 11.49% 11.46% 11.46% 11.46% 11.46% 11.39% 11.40% 11.51% 12.08% 12.77%
21.02% 20.64% 21.69% 21.71% 21.71% 21.21% 21.17% 21.20% 20.52% 20.17% 19.50% 21.42%
No. of Shareholders 11,04412,29611,44612,61814,89014,89620,91729,60432,95433,84733,13540,908

* 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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