MarketFriction

Thangamayil Jewellery Ltd

NSE THANGAMAYL · BSE 533158 · Gems, Jewellery And Watches
₹4,861.00 -3.97%
NSE close2026-10-01
52 week range1,939.50 - 7,430.00
Market cap₹16,177 Cr.
P/E41.2
Nifty 500Smallcap 250Nifty Consumer Durables Price band 5% Delivery 62.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9938969831,2221,1811,1321,3811,5581,7112,4062,8392,666
Expenses9698459331,1301,1881,0491,3231,4711,6052,2342,6252,522
Operating Profit24515092-7835787106172214145
OPM %2.5%6%5%7%-0.6%7%4.2%6%6%7%8%5%
Other Income000000000-200
Interest99991110111516162018
Depreciation4455657711111211
Profit before tax12383677-2467396578143182115
Tax %32%26%22%27%-26%29%19%30%25%27%22%26%
Net Profit8282857-174831465910514385
EPS in Rs2.709.009.0818.19-5.6115.5010.1014.7118.8233.7145.9027.38
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,2721,2991,3791,4431,6921,8192,1933,1533,8274,9118,4999,622
Expenses1,2281,2511,3201,3731,5941,6722,1073,0003,6144,6927,9358,985
Operating Profit434859719814786153212219565637
OPM %3.4%3.7%4.3%4.9%6%8%3.9%4.8%6%4.5%7%7%
Other Income312332235612-2
Interest242119202123263536416870
Depreciation8988109101316244045
Profit before tax141934466911752108165160469519
Tax %26%28%33%34%34%26%26%26%25%26%25%
Net Profit1114233046873980123119352391
EPS in Rs3.404.517.389.7614.7327.9312.4425.7239.6338.19113.14125.81
Dividend Payout %13%20%21%23%15%16%36%21%22%33%16%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth21%36%39%83%
Compounded Profit Growth42%32%64%264%
Stock Price CAGR46%57%63%158%
Return on Equity22%23%24%28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital141414141414141414273131
Reserves1151241361551792062843113754661,0711,385
Borrowings185146119229178260323417571532797913
Other Liabilities1011181682132822351541632874566601,491
Total Liabilities4144024376116527157759051,2471,4812,5593,820
Fixed Assets7478727471817984120154201293
CWIP8111122722117
Investments000000000000
Other Assets3323233645365806336948141,1251,3252,3473,520
Total Assets4144024376116527157759051,2471,4812,5593,820
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity827369-5385-3955-7910330-424322
Cash from Investing Activity-3-5-6-27-17818-21-86-30-138-165
Cash from Financing Activity-90-64-5674-6224-649478-293637-122
Net Cash Flow-1147-65-78-7287536
Free Cash Flow796866-6380-4849-95-21293-482249
CFO/OP2,886%169%156%-78%133%-22%56%-71%24%175%-171%76%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000010100011
Inventory Days778796140143139149139127127164144
Days Payable9142717219313231
Cash Conversion Cycle687369123122130146138125125162144
Working Capital Days162421222534525338365436
ROCE %-1%13%15%16%17%21%25%11%17%20%14%25%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.16%67.32%67.33%67.33%61.28%61.28%61.49%61.53%61.56%61.56%61.61%61.61%
FIIs0.25%0.74%0.98%1.08%4.52%4.05%4.41%4.49%4.61%4.70%4.37%5.54%
DIIs11.39%11.40%11.51%12.08%12.77%13.56%14.80%14.83%15.25%16.62%17.41%16.43%
Public21.20%20.52%20.17%19.50%21.42%21.10%19.29%19.15%18.58%17.13%16.61%16.43%
No. of Shareholders29,60432,95433,84733,13540,90844,47944,66748,99646,38944,84948,09751,026

Fundamentals

Market Cap₹ 16,177 Cr.
Current Price₹ 5,204
Stock P/E41.2
Book Value₹ 456
ROCE25.5 %
ROE28.1 %
Dividend Yield0.35 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)83%
Compounded Profit Growth (TTM)264%
Standalone figures.
Valuation
Market capRs 15,109 Cr
Enterprise valueRs 15,641 Cr
P/E (TTM)38.64x
Price to book10.67x
Price to sales1.57x
EV / EBITDA24.65x
EV / EBIT26.53x
EV / sales1.63x
Price to cash flow46.87x
Earnings yield2.59%
Dividend yield0.37%
P/E, 3-year average36.88x
P/B, 3-year average6.71x
P/E, 5-year average27.56x
P/B, 5-year average4.82x
Profitability
Operating margin (excl. other income)6.64%
Operating margin (incl. other income)6.79%
EBITDA margin6.59%
Pre-tax margin5.40%
Net profit margin4.06%
Net margin, latest quarter3.19%
ROE27.93%
ROCE25.38%
ROA11.02%
ROE, 3-year average23.58%
ROCE, 3-year average19.80%
ROA, 3-year average8.65%
ROE, 5-year average21.10%
ROCE, 5-year average17.54%
ROA, 5-year average7.59%
ROIC (approx.)22.70%
Tax rate25.00%
Other income / net worth0.85%
Growth
Sales growth (latest year)73.08%
Profit growth (latest year)196.23%
Sales CAGR, 3 years39.18%
Sales CAGR, 5 years36.12%
Profit CAGR, 3 years63.99%
Profit CAGR, 5 years32.35%
Sales growth QoQ-6.09%
Profit growth QoQ-40.35%
Sales growth YoY (latest quarter)71.16%
Profit growth YoY (latest quarter)86.15%
Per share
EPS (TTM)Rs 125.81
EPS (latest year)Rs 113.14
EPS (latest quarter)Rs 27.38
EPS, 3-year averageRs 65.41
EPS, 5-year averageRs 56.49
Book value per shareRs 455.57
Sales per shareRs 3,095.77
Cash flow per shareRs 103.70
Free cash flow per shareRs 80.11
Dividend per share (latest year)Rs 18.00
Dividend per share, 3-year averageRs 13.50
Dividend per share, 5-year averageRs 12.50
Dividends
Dividend payout15.91%
Dividend payout, 3-year average23.63%
Dividend payout, 5-year average25.43%
Efficiency
Asset turnover2.22x
Fixed asset turnover28.97x
Inventory turnover2.57x
Inventory days142 days
Debtor days1 days
Debtors turnover356.22x
Creditor days1 days
Cash conversion cycle144 days
Working capital days36 days
Leverage
Total debtRs 913 Cr
Cash and bankRs 381 Cr
Net debtRs 532 Cr
Debt to equity0.64x
Net debt / EBITDA0.84x
Interest coverage8.38x
Current ratio (filing 2026-03-31)1.54x
Quick ratio (filing 2026-03-31)0.24x
Trade payables (filing 2026-03-31)Rs 20 Cr
Owners' fund to total sources37.06%
Debt to assets23.90%
Cash flow
Cash from Operating Activity (latest year)Rs 322 Cr
Cash from Investing Activity (latest year)Rs -165 Cr
Cash from Financing Activity (latest year)Rs -122 Cr
Net Cash Flow (latest year)Rs 36 Cr
Free cash flow (latest year)Rs 249 Cr
FCFE (approx.: FCF + change in debt)Rs 365 Cr
Cash from ops / profit, 5 years0.22x
Sales to cash flow26.37x
Statement figures
Net sales (TTM)Rs 9,622 Cr
Net sales (latest year)Rs 8,499 Cr
Sales (latest quarter)Rs 2,666 Cr
Operating profit excl. other income (latest year)Rs 565 Cr
Operating profit (latest quarter)Rs 145 Cr
Other income (TTM)Rs 12 Cr
EBITDA (TTM)Rs 634 Cr
PBDT (TTM)Rs 564 Cr
Profit before tax (TTM)Rs 519 Cr
Tax (latest year)Rs 117 Cr
Net profit (TTM)Rs 391 Cr
Net profit (latest year)Rs 352 Cr
Net profit (latest quarter)Rs 85 Cr
Depreciation (TTM)Rs 45 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 70 Cr
Cost of goods sold (latest year)Rs 7,597 Cr
Total expenditure (latest year)Rs 7,935 Cr
Total income (latest year)Rs 8,511 Cr
Share capitalRs 31 Cr
ReservesRs 1,385 Cr
Shareholders' fundsRs 1,416 Cr
Total assetsRs 3,820 Cr
Net blockRs 293 Cr
Capital work in progressRs 7 Cr
ReceivablesRs 24 Cr
InventoryRs 2,954 Cr
Other liabilitiesRs 1,491 Cr
Shares outstanding (crore)3.11
Ownership
Promoter holding61.61% (+0.08 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 38.6 is at the 47th percentile of its own 9.4-year range (median 40.2, low 8.8, high 67.3).
P/B 10.67 is at the 78th percentile (median 5.32).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTHANGAMAYLNifty 50Difference
1 week-4.6%-2.8% -1.9 pts
1 month-8.5%-6.8% -1.7 pts
3 months-21.1%-7.6% -13.5 pts
6 months+41.9%+0.4% +41.5 pts
1 year+135.5%-9.9% +145.4 pts
2 years+108.1%-13.6% +121.6 pts
3 years+292.9%+14.2% +278.7 pts
5 years+750.3%+27.9% +722.4 pts
32 mutual fund schemes hold about ₹2,691 Cr. Over three months 14 bought more and 10 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund3.57%774 -6%
SBI Small Cap Fund1.64%699 +1%
SBI Children's Fund-Investment Plan4.88%379 -4%
Canara Rob Small Cap Fund1.65%242 +22%
HSBC Value Fund1.14%174 +3%
SBI Multicap Fund0.41%99 +100%
HSBC Multi Cap Fund1.39%84 -8%
HSBC ELSS Tax saver Fund1.97%83 +3%
HSBC Consumption Fund1.49%27 +0%
Bandhan Innovation Fund0.79%21 -9%
JM Small Cap Fund2.13%20 +13%
Bajaj Finserv Small Cap Fund0.65%17 -6%
Motilal Oswal Nifty Microcap 250 Index Fund0.68%17 +0%
Bajaj Finserv Consumption Fund2.11%13 -14%
Samco Active Momentum Fund1.67%13 -19%
The Wealth Company Flexi Cap Fund3.44%9 +718%
Bajaj Finserv Large & Mid Cap Fund0.18%4 +100%
Bajaj Finserv Multi Cap Fund0.25%4 +100%
Bajaj Finserv Balanced Advantage Fund0.29%4 +100%
Samco Multi Cap Fund0.94%2 +71%
Samco Special Opportunities Fund1.49%2 +100%
SBI Children's Fund-Savings Plan1.20%2 -22%
The Wealth Company Balanced Advantage Fund1.70%1 +100%
Groww Nifty Total Market Index Fund0.03%0 +6%
AlphaGrep Flexi Cap Fund0.10%0 +100%

Red flags

F-score 7 of 8
explainWeak cash conversion Cash from operations was 39% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,666 Cr +71.1% vs Jun 2025. Net profit ₹85 Cr +84.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-22Dividend - Rs 18 Per Share
2025-07-21Annual General Meeting/Dividend - Rs 12.50 Per Share
2025-02-11Rights 2:15 @ Premium Rs 1390/-
2024-07-18Dividend - Rs 6 Per Share
2024-07-18Annual General Meeting
2024-02-12Interim Dividend - Rs 4 Per Share
2023-07-17Bonus 1:10.5000
2023-06-27Annual General Meeting/Dividend - Rs 6 Per Share
2023-02-01Interim Dividend - Rs 6 Per Share
2022-07-27Annual General Meeting/Dividend - Rs 5 Per Share
2022-02-03Interim Dividend - Rs 5 Per Share
2021-08-17 Annual General Meeting/Dividend - Rs 4 Per Sh
2021-03-09 Interim Dividend - Rs 6 Per Share
2020-09-11 Annual General Meeting
2020-03-23 Interim Dividend - Rs 5 Per Share
2019-07-24 Annual General Meeting/Dividend Rs 5.00 Per Share
2018-07-24 Annual General Meeting/Dividend- Rs 3.50 Per Share
2017-07-18 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-07-19 Annual General Meeting/Dividend Re 1/- Per Share (Book Closure Start Date Revised)
2015-07-20Annual General Meeting/Dividend - Re 1/- Per Share
2014-07-17Annual General Meeting / Dividend - Re 1/- Per Share
2013-07-12Annual General Meeting/Dividend Rs 5/- Per Equity Share
2012-07-05Annual General Meeting/Dividend Rs 7 Per Share
2011-06-16Dividend-Re.1/- Per Share
2011-03-22Interim Dividend-Rs.4/- Per Share (Purpose Revised)
2010-06-16Final Dividend-Re.1/- Per Share
2010-03-19Int Div-Rs.3/- Per Share Purpose Revised
DateTypeWhat it says
2026-08-24Press ReleaseA press release dated August 24, 2026, titled "Intimation of press release on opening of 2 new stores in chennai".
2026-08-05General UpdatesGeneral Updates
2026-08-04General UpdatesGeneral Updates- AADI PERUKKU SALES PERFORMANCE
2026-07-31Shareholder meetingVoting results.
2026-07-29Shareholder meetingShareholders meeting- proceedings of meeting
2026-07-29General UpdatesGeneral Updates- initmation of annual general meeting
2026-07-29General UpdatesGeneral Updates- UNAUDITED FIANNCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026
2026-07-29Board meeting outcomeThangamayil Jewellery Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-20Disclosure under SEBI TakeovThangamayil Jewellery Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-07-01UpdatesBUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT 2026.
2026-07-01UpdatesAnnual report.
2026-07-01Shareholder meetingNotice of Annual General Meeting to be held on July 29, 2026
2026-06-29Credit RatingCredit Rating
2026-06-19General UpdatesGeneral Updates
2026-06-04Price movementSignificant movement in price has been observed in Thangamayil Jewellery Limited. The Exchange, in order to ensure that investors have latest relevant...
2026-06-04General UpdatesOpening of New Branches at Neelankarai and Pallavaram, Chennai, Tamil Nadu.
2026-05-15Record DateRecord date for the purpose of Dividend is 22-Jul-2026.
2026-05-15UpdatesDIVDEND.
2026-05-15General UpdatesGeneral Updates
2026-05-15Board meeting outcomeThangamayil Jewellery Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-21General UpdatesGeneral Updates
2026-02-02AppointmentAppointment of Mr K . NARAYANAN as Company Secretary & Compliance Officer of the company w.e.f. February 02, 2026.
2026-02-02Board meeting outcomeOutcome of Board Meeting held on February 02, 2026- TO CONSIDER THE APPOINTMENT OF CS K. NARAYANAN AS COMPANY SECRETARY AND COMPLIANCE OFFICER
2026-01-22General UpdatesGeneral Updates
2026-01-21Board meeting outcomeBoard meeting held on January 21, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 100perc in previous 365 daysHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 200perc in previous 365 Days

Quick answers

What is the market cap of Thangamayil Jewellery Ltd?

Thangamayil Jewellery Ltd (THANGAMAYL) has a market capitalisation of Rs 16,177 Cr. at the 2026-10-01 close.

What is the P/E ratio of Thangamayil Jewellery Ltd?

Thangamayil Jewellery Ltd trades at a P/E of 41.2 on trailing twelve-month profit, at the 2026-10-01 close.

What were Thangamayil Jewellery Ltd's latest quarterly results?

In the Jun 2026 quarter, Thangamayil Jewellery Ltd sales was Rs 2,666 Cr (+71.1% vs Jun 2025) and net profit was Rs 85 Cr.

What is the 52-week high and low of Thangamayil Jewellery Ltd?

The 52-week high is Rs 7,430.00 and the 52-week low is Rs 1,939.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03