Thangamayil Jewellery Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 13, 2025, 8:22 pm

Market Cap	5,746 Cr.
Current Price	1,852
High / Low	2,567/1,314
Stock P/E	48.4
Book Value	355
Dividend Yield	0.67 %
ROCE	13.7 %
ROE	14.9 %
Face Value	10.0
PEG Ratio	8.24

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Thangamayil Jewellery Ltd

Competitors of Thangamayil Jewellery Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Thangamayil Jewellery Ltd	5,746 Cr.	1,852	2,567/1,314	48.4	355	0.67 %	13.7 %	14.9 %	10.0
Silgo Retail Ltd	98.3 Cr.	53.2	60.4/26.2	22.0	31.6	0.00 %	10.5 %	7.96 %	10.0
Shubhlaxmi Jewel Art Ltd	14.8 Cr.	16.8	43.6/14.5	16.5	25.6	0.00 %	7.63 %	4.07 %	10.0
Renaissance Global Ltd	1,352 Cr.	126	207/87.4	18.4	130	0.00 %	7.06 %	5.80 %	2.00
Rajesh Exports Ltd	5,692 Cr.	193	332/151	92.8	526	0.00 %	3.23 %	2.24 %	1.00
Industry Average	4,173.60 Cr	314.06		181.51	139.32	0.08%	6.63%	9.17%	6.75

All Competitor Stocks of Thangamayil Jewellery Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	609	826	813	745	772	960	993	896	983	1,222	1,181	1,132	1,381
Expenses	588	790	782	715	713	868	969	845	933	1,130	1,188	1,049	1,323
Operating Profit	21	36	32	30	59	92	24	51	50	92	-7	83	57
OPM %	3%	4%	4%	4%	8%	10%	2%	6%	5%	7%	-1%	7%	4%
Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest	8	8	8	9	11	10	9	9	9	9	11	10	11
Depreciation	3	2	3	2	6	3	4	4	5	5	6	5	7
Profit before tax	10	26	21	19	42	79	12	38	36	77	-24	67	39
Tax %	24%	27%	25%	26%	26%	26%	32%	26%	22%	27%	-26%	29%	19%
Net Profit	8	19	16	14	31	59	8	28	28	57	-17	48	31
EPS in Rs	2.57	6.12	5.15	4.44	10.01	18.91	2.70	9.00	9.08	18.19	-5.61	15.50	10.10

Last Updated: May 31, 2025, 7:34 am

Below is a detailed analysis of the quarterly data for Thangamayil Jewellery Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 1,381.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,132.00 Cr. (Dec 2024) to 1,381.00 Cr., marking an increase of 249.00 Cr..
For Expenses, as of Mar 2025, the value is 1,323.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,049.00 Cr. (Dec 2024) to 1,323.00 Cr., marking an increase of 274.00 Cr..
For Operating Profit, as of Mar 2025, the value is 57.00 Cr.. The value appears to be declining and may need further review. It has decreased from 83.00 Cr. (Dec 2024) to 57.00 Cr., marking a decrease of 26.00 Cr..
For OPM %, as of Mar 2025, the value is 4.00%. The value appears to be declining and may need further review. It has decreased from 7.00% (Dec 2024) to 4.00%, marking a decrease of 3.00%.
For Other Income, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
For Interest, as of Mar 2025, the value is 11.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 10.00 Cr. (Dec 2024) to 11.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Mar 2025, the value is 7.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Dec 2024) to 7.00 Cr., marking an increase of 2.00 Cr..
For Profit before tax, as of Mar 2025, the value is 39.00 Cr.. The value appears to be declining and may need further review. It has decreased from 67.00 Cr. (Dec 2024) to 39.00 Cr., marking a decrease of 28.00 Cr..
For Tax %, as of Mar 2025, the value is 19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Dec 2024) to 19.00%, marking a decrease of 10.00%.
For Net Profit, as of Mar 2025, the value is 31.00 Cr.. The value appears to be declining and may need further review. It has decreased from 48.00 Cr. (Dec 2024) to 31.00 Cr., marking a decrease of 17.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 10.10. The value appears to be declining and may need further review. It has decreased from 15.50 (Dec 2024) to 10.10, marking a decrease of 5.40.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:38 pm

Metric	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
Sales	1,523	1,191	1,421	1,272	1,299	1,379	1,443	1,692	1,819	2,193	3,153	3,827	4,518
Expenses	1,440	1,177	1,418	1,228	1,251	1,320	1,373	1,594	1,672	2,107	3,000	3,614	4,301
Operating Profit	83	15	3	43	48	59	71	98	147	86	153	212	217
OPM %	5%	1%	0%	3%	4%	4%	5%	6%	8%	4%	5%	6%	5%
Other Income	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	39
Depreciation	5	6	8	8	9	8	8	10	9	10	13	16	22
Profit before tax	43	-21	-33	14	19	34	46	69	117	52	108	165	157
Tax %	31%	-39%	-32%	26%	28%	33%	34%	34%	26%	26%	26%	25%
Net Profit	30	-13	-22	11	14	23	30	46	87	39	80	123	116
EPS in Rs	9.56	-4.05	-7.19	3.40	4.51	7.38	9.76	14.73	27.93	12.44	25.72	39.63	37.16
Dividend Payout %	23%	-11%	-6%	13%	20%	21%	23%	15%	16%	36%	21%	22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-143.33%	-69.23%	150.00%	27.27%	64.29%	30.43%	53.33%	89.13%	-55.17%	105.13%	53.75%
Change in YoY Net Profit Growth (%)	0.00%	74.10%	219.23%	-122.73%	37.01%	-33.85%	22.90%	35.80%	-144.30%	160.30%	-51.38%

Thangamayil Jewellery Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	24%
3 Years:	31%
TTM:	28%

Compounded Profit Growth
10 Years:	22%
5 Years:	21%
3 Years:	45%
TTM:	-4%

Stock Price CAGR
10 Years:	35%
5 Years:	67%
3 Years:	57%
1 Year:	36%

Return on Equity
10 Years:	19%
5 Years:	21%
3 Years:	20%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 2:35 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	14	14	14	14	14	14	14	14	14	14	27	31
Reserves	140	115	124	136	155	179	206	284	311	375	466	1,071
Borrowings	236	185	146	119	229	178	260	323	417	571	532	797
Other Liabilities	89	101	118	168	213	282	235	154	163	287	456	660
Total Liabilities	479	414	402	437	611	652	715	775	905	1,247	1,481	2,559
Fixed Assets	82	74	78	72	74	71	81	79	84	120	154	201
CWIP	7	8	1	1	1	1	2	2	7	2	2	11
Investments	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	390	332	323	364	536	580	633	694	814	1,125	1,325	2,347
Total Assets	479	414	402	437	611	652	715	775	905	1,247	1,481	2,559

Below is a detailed analysis of the balance sheet data for Thangamayil Jewellery Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Mar 2024) to 31.00 Cr., marking an increase of 4.00 Cr..
For Reserves, as of Mar 2025, the value is 1,071.00 Cr.. The value appears strong and on an upward trend. It has increased from 466.00 Cr. (Mar 2024) to 1,071.00 Cr., marking an increase of 605.00 Cr..
For Borrowings, as of Mar 2025, the value is 797.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 532.00 Cr. (Mar 2024) to 797.00 Cr., marking an increase of 265.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 660.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 456.00 Cr. (Mar 2024) to 660.00 Cr., marking an increase of 204.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 2,559.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,481.00 Cr. (Mar 2024) to 2,559.00 Cr., marking an increase of 1,078.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 201.00 Cr.. The value appears strong and on an upward trend. It has increased from 154.00 Cr. (Mar 2024) to 201.00 Cr., marking an increase of 47.00 Cr..
For CWIP, as of Mar 2025, the value is 11.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Mar 2024) to 11.00 Cr., marking an increase of 9.00 Cr..
For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Mar 2025, the value is 2,347.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,325.00 Cr. (Mar 2024) to 2,347.00 Cr., marking an increase of 1,022.00 Cr..
For Total Assets, as of Mar 2025, the value is 2,559.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,481.00 Cr. (Mar 2024) to 2,559.00 Cr., marking an increase of 1,078.00 Cr..

Notably, the Reserves (1,071.00 Cr.) exceed the Borrowings (797.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	49	82	73	69	-53	85	-39	55	-79	10	330	-424
Cash from Investing Activity +	-17	-3	-5	-6	-27	-17	8	18	-21	-86	-30	-138
Cash from Financing Activity +	-45	-90	-64	-56	74	-62	24	-64	94	78	-293	637
Net Cash Flow	-12	-11	4	7	-6	5	-7	8	-7	2	8	75

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	83.00	-221.00	-182.00	-103.00	-71.00	-170.00	-107.00	-162.00	-176.00	-331.00	-418.00	-320.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	66.66%	66.66%	66.66%	66.66%	67.16%	67.16%	67.16%	67.32%	67.33%	67.33%	61.28%	61.28%
FIIs	1.19%	0.16%	0.17%	0.16%	0.16%	0.20%	0.25%	0.74%	0.98%	1.08%	4.52%	4.05%
DIIs	11.51%	11.49%	11.46%	11.46%	11.46%	11.46%	11.39%	11.40%	11.51%	12.08%	12.77%	13.56%
Public	20.64%	21.69%	21.71%	21.71%	21.21%	21.17%	21.20%	20.52%	20.17%	19.50%	21.42%	21.10%
No. of Shareholders	12,296	11,446	12,618	14,890	14,896	20,917	29,604	32,954	33,847	33,135	40,908	44,479

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	1,337,384	1.48	199.45	1,337,384	2025-04-22 15:56:52	0%
SBI Small Cap Fund	1,140,000	0.72	170.01	1,140,000	2025-04-22 14:12:24	0%
SBI Conservative Hybrid Fund	500,000	0.73	68.59	500,000	2025-04-22 15:56:52	0%
SBI Conservative Hybrid Fund - Div (Annual)	500,000	0.73	68.59	500,000	2025-04-22 15:56:52	0%
SBI Conservative Hybrid Fund - Div (Monthly)	500,000	0.73	68.59	500,000	2025-04-22 15:56:52	0%
SBI Magnum Childrens Benefit Fund - Investment Plan	143,847	1.43	21.45	143,847	2025-04-22 15:56:52	0%
SBI Magnum Children Benefit Plan	7,000	0.9	0.96	7,000	2025-04-22 15:56:52	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	44.91	58.13	28.09	63.11	33.01
Diluted EPS (Rs.)	44.91	58.13	28.09	63.11	33.01
Cash EPS (Rs.)	50.87	67.88	35.13	70.01	40.70
Book Value[Excl.RevalReserv]/Share (Rs.)	179.73	283.38	236.35	217.15	160.46
Book Value[Incl.RevalReserv]/Share (Rs.)	179.73	283.38	236.35	217.15	160.46
Dividend / Share (Rs.)	10.00	12.00	10.00	10.00	5.00
Revenue From Operations / Share (Rs.)	1394.60	2297.84	1598.49	1325.56	1233.24
PBDIT / Share (Rs.)	79.36	113.89	64.04	108.86	73.44
PBIT / Share (Rs.)	73.40	104.13	57.01	101.95	66.01
PBT / Share (Rs.)	60.16	78.67	37.92	85.26	50.59
Net Profit / Share (Rs.)	44.91	58.12	28.09	63.11	33.28
PBDIT Margin (%)	5.69	4.95	4.00	8.21	5.95
PBIT Margin (%)	5.26	4.53	3.56	7.69	5.35
PBT Margin (%)	4.31	3.42	2.37	6.43	4.10
Net Profit Margin (%)	3.22	2.52	1.75	4.76	2.69
Return on Networth / Equity (%)	24.98	20.50	11.88	29.06	20.73
Return on Capital Employeed (%)	31.92	26.36	17.78	38.00	31.90
Return On Assets (%)	8.32	6.39	4.25	11.17	6.38
Long Term Debt / Equity (X)	0.23	0.34	0.32	0.20	0.24
Total Debt / Equity (X)	1.01	1.41	1.11	0.90	1.07
Asset Turnover Ratio (%)	2.81	2.93	2.61	2.44	2.47
Current Ratio (X)	1.54	1.58	1.72	1.68	1.44
Quick Ratio (X)	0.13	0.18	0.10	0.08	0.13
Inventory Turnover Ratio (X)	3.16	3.15	2.79	2.69	2.77
Dividend Payout Ratio (NP) (%)	15.58	18.92	32.03	9.50	36.22
Dividend Payout Ratio (CP) (%)	13.76	16.20	25.61	8.56	29.61
Earning Retention Ratio (%)	84.42	81.08	67.97	90.50	63.78
Cash Earning Retention Ratio (%)	86.24	83.80	74.39	91.44	70.39
Interest Coverage Ratio (X)	5.99	4.47	3.36	6.52	4.76
Interest Coverage Ratio (Post Tax) (X)	4.39	3.28	2.47	4.78	3.16
Enterprise Value (Cr.)	3954.63	1848.21	1832.92	1057.20	534.96
EV / Net Operating Revenue (X)	1.03	0.58	0.83	0.58	0.31
EV / EBITDA (X)	18.16	11.83	20.86	7.08	5.31
MarketCap / Net Operating Revenue (X)	0.92	0.43	0.67	0.44	0.19
Retention Ratios (%)	84.41	81.07	67.96	90.49	63.77
Price / BV (X)	7.17	3.54	4.59	2.70	1.50
Price / Net Operating Revenue (X)	0.92	0.43	0.67	0.44	0.19
EarningsYield	0.03	0.05	0.02	0.10	0.13

After reviewing the key financial ratios for Thangamayil Jewellery Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 44.91. This value is within the healthy range. It has decreased from 58.13 (Mar 23) to 44.91, marking a decrease of 13.22.
For Diluted EPS (Rs.), as of Mar 24, the value is 44.91. This value is within the healthy range. It has decreased from 58.13 (Mar 23) to 44.91, marking a decrease of 13.22.
For Cash EPS (Rs.), as of Mar 24, the value is 50.87. This value is within the healthy range. It has decreased from 67.88 (Mar 23) to 50.87, marking a decrease of 17.01.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 179.73. It has decreased from 283.38 (Mar 23) to 179.73, marking a decrease of 103.65.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 179.73. It has decreased from 283.38 (Mar 23) to 179.73, marking a decrease of 103.65.
For Dividend / Share (Rs.), as of Mar 24, the value is 10.00. This value exceeds the healthy maximum of 3. It has decreased from 12.00 (Mar 23) to 10.00, marking a decrease of 2.00.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,394.60. It has decreased from 2,297.84 (Mar 23) to 1,394.60, marking a decrease of 903.24.
For PBDIT / Share (Rs.), as of Mar 24, the value is 79.36. This value is within the healthy range. It has decreased from 113.89 (Mar 23) to 79.36, marking a decrease of 34.53.
For PBIT / Share (Rs.), as of Mar 24, the value is 73.40. This value is within the healthy range. It has decreased from 104.13 (Mar 23) to 73.40, marking a decrease of 30.73.
For PBT / Share (Rs.), as of Mar 24, the value is 60.16. This value is within the healthy range. It has decreased from 78.67 (Mar 23) to 60.16, marking a decrease of 18.51.
For Net Profit / Share (Rs.), as of Mar 24, the value is 44.91. This value is within the healthy range. It has decreased from 58.12 (Mar 23) to 44.91, marking a decrease of 13.21.
For PBDIT Margin (%), as of Mar 24, the value is 5.69. This value is below the healthy minimum of 10. It has increased from 4.95 (Mar 23) to 5.69, marking an increase of 0.74.
For PBIT Margin (%), as of Mar 24, the value is 5.26. This value is below the healthy minimum of 10. It has increased from 4.53 (Mar 23) to 5.26, marking an increase of 0.73.
For PBT Margin (%), as of Mar 24, the value is 4.31. This value is below the healthy minimum of 10. It has increased from 3.42 (Mar 23) to 4.31, marking an increase of 0.89.
For Net Profit Margin (%), as of Mar 24, the value is 3.22. This value is below the healthy minimum of 5. It has increased from 2.52 (Mar 23) to 3.22, marking an increase of 0.70.
For Return on Networth / Equity (%), as of Mar 24, the value is 24.98. This value is within the healthy range. It has increased from 20.50 (Mar 23) to 24.98, marking an increase of 4.48.
For Return on Capital Employeed (%), as of Mar 24, the value is 31.92. This value is within the healthy range. It has increased from 26.36 (Mar 23) to 31.92, marking an increase of 5.56.
For Return On Assets (%), as of Mar 24, the value is 8.32. This value is within the healthy range. It has increased from 6.39 (Mar 23) to 8.32, marking an increase of 1.93.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.23. This value is within the healthy range. It has decreased from 0.34 (Mar 23) to 0.23, marking a decrease of 0.11.
For Total Debt / Equity (X), as of Mar 24, the value is 1.01. This value exceeds the healthy maximum of 1. It has decreased from 1.41 (Mar 23) to 1.01, marking a decrease of 0.40.
For Asset Turnover Ratio (%), as of Mar 24, the value is 2.81. It has decreased from 2.93 (Mar 23) to 2.81, marking a decrease of 0.12.
For Current Ratio (X), as of Mar 24, the value is 1.54. This value is within the healthy range. It has decreased from 1.58 (Mar 23) to 1.54, marking a decrease of 0.04.
For Quick Ratio (X), as of Mar 24, the value is 0.13. This value is below the healthy minimum of 1. It has decreased from 0.18 (Mar 23) to 0.13, marking a decrease of 0.05.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.16. This value is below the healthy minimum of 4. It has increased from 3.15 (Mar 23) to 3.16, marking an increase of 0.01.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 15.58. This value is below the healthy minimum of 20. It has decreased from 18.92 (Mar 23) to 15.58, marking a decrease of 3.34.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 13.76. This value is below the healthy minimum of 20. It has decreased from 16.20 (Mar 23) to 13.76, marking a decrease of 2.44.
For Earning Retention Ratio (%), as of Mar 24, the value is 84.42. This value exceeds the healthy maximum of 70. It has increased from 81.08 (Mar 23) to 84.42, marking an increase of 3.34.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 86.24. This value exceeds the healthy maximum of 70. It has increased from 83.80 (Mar 23) to 86.24, marking an increase of 2.44.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.99. This value is within the healthy range. It has increased from 4.47 (Mar 23) to 5.99, marking an increase of 1.52.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.39. This value is within the healthy range. It has increased from 3.28 (Mar 23) to 4.39, marking an increase of 1.11.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,954.63. It has increased from 1,848.21 (Mar 23) to 3,954.63, marking an increase of 2,106.42.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.03. This value is within the healthy range. It has increased from 0.58 (Mar 23) to 1.03, marking an increase of 0.45.
For EV / EBITDA (X), as of Mar 24, the value is 18.16. This value exceeds the healthy maximum of 15. It has increased from 11.83 (Mar 23) to 18.16, marking an increase of 6.33.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.92. This value is below the healthy minimum of 1. It has increased from 0.43 (Mar 23) to 0.92, marking an increase of 0.49.
For Retention Ratios (%), as of Mar 24, the value is 84.41. This value exceeds the healthy maximum of 70. It has increased from 81.07 (Mar 23) to 84.41, marking an increase of 3.34.
For Price / BV (X), as of Mar 24, the value is 7.17. This value exceeds the healthy maximum of 3. It has increased from 3.54 (Mar 23) to 7.17, marking an increase of 3.63.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.92. This value is below the healthy minimum of 1. It has increased from 0.43 (Mar 23) to 0.92, marking an increase of 0.49.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.03, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Thangamayil Jewellery Ltd as of June 13, 2025 is: 2,061.82

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 13, 2025, Thangamayil Jewellery Ltd is Undervalued by 11.33% compared to the current share price 1,852.00

Intrinsic Value of Thangamayil Jewellery Ltd as of June 13, 2025 is: 2,182.99

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 13, 2025, Thangamayil Jewellery Ltd is Undervalued by 17.87% compared to the current share price 1,852.00

Last 5 Year EPS CAGR: 5.88%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has shown consistent growth in sales (1.62 cr) and profit (59.23 cr) over the years.	The stock has a low average ROCE of 14.83%, which may not be favorable. The stock has a high average Working Capital Days of 69.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 110.25, which may not be favorable. The company has higher borrowings (332.75) compared to reserves (296.83), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Thangamayil Jewellery Ltd:
1. Net Profit Margin: 3.22%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 31.92% (Industry Average ROCE: 6.63%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 24.98% (Industry Average ROE: 9.17%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.39
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.13
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 48.4 (Industry average Stock P/E: 181.51)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Thangamayil Jewellery Ltd. is a Public Limited Listed company incorporated on 24/03/2000 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L36911TN2000PLC044514 and registration number is 044514. Currently Company is involved in the business activities of Manufacture of jewellery of gold, silver and other precious or base metal metal clad with precious metals or precious or semi-precious stones, or of combinations of precious metal and precious or semi-precious stones or of other materials. Company's Total Operating Revenue is Rs. 4910.58 Cr. and Equity Capital is Rs. 31.08 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Gems, Jewellery & Precious Metals	No.124, Nethaji Road, Madurai Tamil Nadu 625001	companysecretary@thangamayil.com http://www.thangamayil.com

Management
Name	Position Held
Mr. Balarama Govinda Das	Managing Director
Mr. N B Kumar	Joint Managing Director
Mr. Ba Ramesh	Joint Managing Director
Mrs. Yamuna Vasini Deva Dasi	Non Executive Director
Mr. S Rethinavelu	Independent Director
Mr. Lalji Vora	Independent Director
Mr. V R Muthu	Independent Director
Mr. S M Chandrasekaran	Independent Director
Mrs. J Rajakumari	Independent Director

FAQ

What is the intrinsic value of Thangamayil Jewellery Ltd?

Thangamayil Jewellery Ltd's intrinsic value (as of 13 June 2025) is ₹2061.82 — 11.33% higher the current market price of 1,852.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 5,746 Cr. market cap, FY2025-2026 high/low of ₹2,567/1,314, reserves of 1,071 Cr, and liabilities of 2,559 Cr.

What is the Market Cap of Thangamayil Jewellery Ltd?

The Market Cap of Thangamayil Jewellery Ltd is 5,746 Cr..

What is the current Stock Price of Thangamayil Jewellery Ltd as on 13 June 2025?

The current stock price of Thangamayil Jewellery Ltd as on 13 June 2025 is 1,852.

What is the High / Low of Thangamayil Jewellery Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Thangamayil Jewellery Ltd stocks is ₹2,567/1,314.

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

The Stock P/E of Thangamayil Jewellery Ltd is 48.4.

What is the Book Value of Thangamayil Jewellery Ltd?

The Book Value of Thangamayil Jewellery Ltd is 355.

What is the Dividend Yield of Thangamayil Jewellery Ltd?

The Dividend Yield of Thangamayil Jewellery Ltd is 0.67 %.

What is the ROCE of Thangamayil Jewellery Ltd?

The ROCE of Thangamayil Jewellery Ltd is 13.7 %.

What is the ROE of Thangamayil Jewellery Ltd?

The ROE of Thangamayil Jewellery Ltd is 14.9 %.

What is the Face Value of Thangamayil Jewellery Ltd?

The Face Value of Thangamayil Jewellery Ltd is 10.0.