Thangamayil Jewellery Limited
₹4,456.20-₹178.75 (-3.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹11,670 Cr
- P/E
- 63.5x
- EV / EBITDA
- 55.0x
- Revenue
- ₹4,911 Cr
- Net margin
- 3.2%
- ROCE
- 20.7%
Price chart
Technical chartScreen technicals →+114.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -12.0%
- 3M
- -23.4%
- 6M
- +12.4%
- 1Y
- +114.4%
- 5Y
- +599.6%
52-week range
Day change -₹178.75 (-3.9%) from ₹4,635 to ₹4,456 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in THANGAMAYL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 17.7%
Concerns1
- Negative free cash flow (₹562 Cr)
Rule-based from financial data. Not advice.
About the company
Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, precious stones, and platinum jewelries, as well as silver articles and gold coins. It also involved in the manufacture and sale of jewelry, and other accessories and products. In addition, the company offers gold saving schemes. It provides its products through online. Thangamayil Jewellery Limited was founded in 1947 and is headquartered in Madurai, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 3.1 Cr shares
- ISIN
- INE085J01014
- BSE code
- 533158
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹11,670 Cr
- P/E
- 63.5x
- P/B
- 10.0x
- EV / EBITDA
- 55.0x
- EV / Sales
- 3.1x
- P/S
- 3.0x
- Earnings yield
- 1.6%
- 52-week high
- ₹7,309.50
- 52-week low
- ₹1,945.45
Profitability
- Operating margin
- 5.5%
- Net margin
- 3.2%
- EBITDA margin
- 5.7%
- ROE
- 24.9%
- ROCE
- 20.7%
- ROA
- 8.3%
- Dividend payout
- 22.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 3.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,911 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 17.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹217 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 39.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.7%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹330 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3200.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹75.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.8%
Solvency and efficiency
- Current ratio
- 2.91
- Debt / Equity
- 1.08
- Debt / Assets
- 0.36
- Debt / EBITDA
- 2.45
- Interest coverage
- 5.89
- Financial leverage
- 3.00
- CFO / Net profit
- 2.68
- Cash / Market cap
- 11.4%
- Cash per share
- ₹425.43
- Asset turnover
- 2.58
- Fixed asset turnover
- 24.85
- Capital intensity
- 0.04
- Debtor days
- 0 days
- Inventory turnover
- 2.87
- Cash conversion cycle
- 125 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹2 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹4,692 Cr |
| Sales | Operating profit | ₹219 Cr |
| Operating profit | Interest | ₹41 Cr |
| Operating profit | Depreciation | ₹24 Cr |
| Operating profit | Profit before tax | ₹154 Cr |
| Other income | Profit before tax | ₹6 Cr |
| Profit before tax | Tax and other | ₹41 Cr |
| Profit before tax | Net profit | ₹119 Cr |
Revenue and net profit
Revenue grew 28.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,819 Cr | ₹87 Cr |
| FY2022 | ₹2,193 Cr | ₹39 Cr |
| FY2023 | ₹3,153 Cr | ₹80 Cr |
| FY2024 | ₹3,827 Cr | ₹123 Cr |
| FY2025 | ₹4,911 Cr | ₹119 Cr |
Cash flows
FY2025: -₹424 Cr from operations, -₹562 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹55 Cr | ₹73 Cr |
| FY2022 | -₹79 Cr | -₹100 Cr |
| FY2023 | ₹10 Cr | -₹76 Cr |
| FY2024 | ₹330 Cr | ₹300 Cr |
| FY2025 | -₹424 Cr | -₹562 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,911 Cr+28.3%1Y
- Net profit
- ₹119 Cr-3.3%1Y
- Cash from operations
- -₹424 Cr
- Free cash flow
- -₹562 Cr-287.3%1Y
- Revenue CAGR, 5Y
- 17.7%
- EBITDA CAGR, 5Y
- 16.5%
- Net profit CAGR, 5Y
- 21.7%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,911 Cr | ₹219 Cr | — | ₹119 Cr | -₹424 Cr | -₹562 Cr | 10.8% | +28.3% | -3.3% |
Monthly returns
Month-by-month returns of THANGAMAYL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,559 Cr |
| Equity capital | ₹31 Cr |
| Reserves | ₹1,071 Cr |
| Borrowings | ₹797 Cr |
| Other liabilities | ₹660 Cr |
| Assets | ₹2,559 Cr |
| Fixed assets | ₹201 Cr |
| Capital work in progress | ₹11 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹2,347 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
THANGAMAYL trades at 63.5x earnings against a peer median of 55.4x (a 15% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Thangamayil Jewellery LimitedTHANGAMAYLthis companyP/E ↑ premium | ₹11,670 Cr | 63.5x | 10.0x | 24.9% | 55.0x |
| LT Foods LimitedLTFOODS | ₹12,994 Cr | 62.3x | 7.1x | 9.4% | 47.4x |
| IndiaMART InterMESH LimitedINDIAMART | ₹12,964 Cr | 21.4x | 5.8x | 20.5% | 25.8x |
| BLS International Services LtdBLS | ₹12,241 Cr | 1632.0x | 162.3x | 41.6% | 255.2x |
| Lemon Tree Hotels LimitedLEMONTREE | ₹11,999 Cr | 112.0x | 9.3x | 8.4% | 60.7x |
| Bata India LimitedBATAINDIA | ₹11,667 Cr | 63.9x | 7.7x | — | — |
| Cello World LimitedCELLO | ₹11,097 Cr | 113.0x | 7.4x | 8.7% | 118.0x |
| Eureka Forbes LimitedEUREKAFORB | ₹10,988 Cr | 59.7x | 2.5x | 2.2% | 59.0x |
| Safari Industries (India) Ltd.SAFARI | ₹10,398 Cr | 79.1x | 10.8x | 19.3% | 40.9x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
THANGAMAYL since 1 January, against earlier years.
Historical volatility
THANGAMAYL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 8.0% |
| FY2022 | 4.0% |
| FY2023 | 5.0% |
| FY2024 | 6.0% |
| FY2025 | 4.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,911 Cr |
| Costs | |
| Interest | ₹41 Cr |
| Expenses | ₹4,692 Cr |
| Operating profitOperating Profit | ₹219 Cr |
| Other income and charges | |
| Profit before tax | ₹160 Cr |
| Tax | |
| Net profitNet Profit | ₹119 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,559 Cr |
| Equity capitalEquity Capital | ₹31 Cr |
| Reserves | ₹1,071 Cr |
| Borrowings | ₹797 Cr |
| Other liabilitiesOther Liabilities | ₹660 Cr |
| AssetsTotal Assets | ₹2,559 Cr |
| Fixed assetsFixed Assets | ₹201 Cr |
| Capital work in progressCWIP | ₹11 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹2,347 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹424 Cr |
| Investing cash flowCash from Investing Activity | -₹138 Cr |
| Financing cash flowCash from Financing Activity | ₹637 Cr |
| Change in cashNet Cash Flow | ₹75 Cr |
Learn while you research
Academy chapters picked for Thangamayil Jewellery Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 63.5, learn when high multiples are justified.6 min read
- 04 Growth Investing28% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read