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Thangamayil Jewellery Ltd.

Thangamayil Jewellery Ltd.

4,686.50
INR
-97.95
(-2.05%)
121.70EPS
52.57P/E
198.83BMarket Cap
Nov 14Next Earn
Thangamayil Jewellery Ltd.
BSE:THANGAMAYL
(Bombay Stock Exchange)

Recent

price

4,686.50

P/E

ratio

52.57

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
232.3
399.46
537.76
420.64
501.84
449.04
456.78
486.38
509.64
597.43
642.15
774.37
1,113.16
1,364
1,737.47
2,734.48
3,042.81
Revenue per Share
11.06
20.85
10.46
-4.44
-7.87
3.72
4.93
8.08
10.68
16.12
30.57
13.61
28.16
43.93
42
113.14
121.7
Basic EPS, GAAP
-17.24
-33.25
31.67
11.47
27.83
23.91
23.1
-22.42
28.15
-16.91
17.4
-33.58
-7.54
104.45
-170.64
79.95
- -
Free Cash Flow per Basic Share
2.82
0.56
3.94
2.82
0.57
0.58
0.58
1.18
2.04
5.84
2.91
4.36
5.33
6.85
5.82
12.5
- -
Dividend per Share
34.68
51.59
59.24
54.24
45.43
48.39
52.73
59.58
68.21
77.73
105.19
114.49
137.28
174.14
354.66
455.57
- -
Book Value per Share
34.68
50.82
58.84
51.78
43.27
46.54
51.52
58.76
67.7
77.4
104.93
114.19
136.93
173.58
354.13
455.05
- -
Tangible Book Value per Share
28
28
28
28
28
28
28
28
28
28
28
28
28
28
28
31
31
Basic Weighted Avg Shares
6,579
11,313
15,230
11,913
14,213
12,717
12,936
13,775
14,434
16,920
18,186
21,931
31,526
38,268
49,106
84,993
94,572
Sales/Revenue/Turnover
-79.33
10.23
5.18
1.09
-0.32
2.91
3.05
3.77
4.39
6.31
7.34
4.24
5.06
5.18
4.02
6.2
6.11
Operating Margin (%)
-13
22
46
56
83
81
94
82
76
102
95
97
134
164
237
402
406
Depreciation Expense
313
591
296
-126
-223
105
140
229
303
457
866
386
797
1,232
1,187
3,517
3,782
Net Income, GAAP
33.4
32.38
31.17
- -
- -
25.81
27.6
32.6
33.56
34.23
25.98
25.91
26.13
25.34
25.77
25
25.25
Effective Tax Rate (%)
4.76
5.22
1.95
-1.06
-1.57
0.83
1.08
1.66
2.1
2.7
4.76
1.76
2.53
3.22
2.42
4.14
4
Profit Margin (%)
778
962
1,175
817
698
952
955
1,157
1,493
1,906
2,754
3,339
4,052
4,575
9,727
12,197
- -
Working Capital
92
196
166
186
503
575
356
306
383
637
701
1,156
1,531
1,378
1,083
1,298
- -
LT Debt
982
1,461
1,678
1,536
1,287
1,370
1,493
1,687
1,932
2,201
2,979
3,243
3,888
4,932
11,024
14,160
- -
Total Equity
-275.6
23.11
7.37
- -
- -
3.62
10.3
10.4
10.93
16.46
17.75
10.03
13.66
14.7
9.92
18.52
- -
Return on Invested Capital (%)
30.13
30.65
7.37
- -
- -
8.94
9.82
10.02
10.76
13.38
18.38
8.08
11.96
14.75
9.93
18.74
- -
Return on Capital (%)
36.2
48.35
18.88
-7.82
-15.79
7.93
9.76
14.38
16.72
22.09
33.43
12.39
22.37
27.95
14.88
27.93
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
7,834
- -
LT Borrowings
- -
514
- -
LT Finance Leases
- -
784
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
99,997
106,283
198,833

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
34,944
- -
Cash, Cash Equivalents & STI
- -
3,213
- -
Accounts Receivable, Net
- -
239
- -
Inventories
- -
29,536
- -
Total Current Liabilities
- -
22,747
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
7,834
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
29.33%
41.51%
28.45%
Free Cash Flow
-304.75%
-451.71%
-151.52%
Net Income, GAAP
56.77%
59.69%
196.23%
Sales/Revenue/Turnover
22.48%
37.43%
73.08%
Total Cash Common Dividend
53.23%
44.25%
136.03%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
12,203
11,781
11,316
13,805
49,106
2026
15,553
- -
24,012
28,382
84,993
2027
26,625
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
20.61
-6.36
17.56
10.18
42
2026
14.71
- -
33.71
45.89
113.14
2027
27.38
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
5.82
2026
- -
- -
- -
- -
12.5
2027
- -
- -
- -
- -
- -
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Business
Thangamayil Jewellery Limited operates as a leading retail chain of jewellery stores primarily in Tamil Nadu, India, offering gold, silver, diamond, platinum, and precious stone jewellery; the company sources ornaments from dealers in states including Andhra Pradesh, Gujarat, Kerala, and West Bengal, while maintaining in-house manufacturing units in Madurai employing goldsmiths for designer pieces aligned with current trends. Founded in 2000 as a private limited company from the legacy Balu Jewellery business dating to 1947 and headquartered in Madurai, it went public in 2007 with shares listed on BSE and NSE since 2010; it serves individual consumers through physical showrooms, online sales via its e-commerce portal, and various savings schemes tailored to different demographics. The company targets tier II and III markets alongside metro expansions, with over 60 stores spanning approximately 125,000 square feet of operating area focused on South India's high gold consumption region. Its core products encompass a wide range of gold jewellery accounting for about 75% of revenue, including chains, necklaces, bangles, ear studs, nose rings, waist belts, kasu malai, bracelets, and finger rings; silver items; diamond and gemstone-studded pieces; platinum jewellery; and select gift-category merchandise, all available in traditional and trendy designs with emphasized purity standards. Thangamayil also provides customized manufacturing, online purchasing options, and financing schemes such as super gold and digi gold plans that enable regular gold accumulation. Recent developments include aggressive showroom expansions with 65 stores as of late 2025, featuring new openings in Chennai suburbs like T-Nagar (February 2025), Virugampakkam, Iyyappanthangal, Gowrivakkam (July 2025), and Urappakkam (July 2025), alongside Puliyangudi (January 2025) and others to penetrate competitive metro markets and smaller towns; a strategic shift toward higher-margin studded jewellery like diamonds and gemstones to boost profitability. The company raised FY26 revenue guidance to 7,000 crore rupees from prior targets, supported by 28% sales growth, efficient financing via gold leasing from banks and customer advances, and a completed rights issue in early 2025; it maintains over 51,000 shareholders including mutual funds and pursues steady margin improvements amid rising gold prices.