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Last Updated: March 3, 2026, 1:28 pm
Author: Getaka|Social: XLinkedIn

Thangamayil Jewellery Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:28 pm

Market Cap 11,956 Cr.
Current Price 3,847
Intrinsic Value₹3,188.74
High / Low 4,149/1,602
Stock P/E49.4
Book Value 376
Dividend Yield0.32 %
ROCE13.7 %
ROE14.9 %
Face Value 10.0
PEG Ratio1.12

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

View Share Price Target for Thangamayil Jewellery Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Thangamayil Jewellery Ltd 11,956 Cr. 3,847 4,149/1,60249.4 3760.32 %13.7 %14.9 % 10.0
PC Jeweller Ltd 7,504 Cr. 9.36 19.6/8.6611.4 9.880.00 %6.55 %12.7 % 1.00
Rajesh Exports Ltd 4,093 Cr. 139 239/13724.4 5620.00 %1.47 %0.61 % 1.00
Renaissance Global Ltd 1,215 Cr. 113 148/10213.2 1350.00 %7.39 %6.02 % 2.00
Silgo Retail Ltd 180 Cr. 73.3 85.0/33.032.3 35.30.00 %10.5 %7.96 % 10.0
Industry Average4,185.67 Cr547.30119.24147.340.04%6.50%8.99%6.75

All Competitor Stocks of Thangamayil Jewellery Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 7457729609938969831,2221,1811,1321,3811,5581,7112,406
Expenses 7157138689698459331,1301,1881,0491,3231,4711,6052,234
Operating Profit 30599224515092-7835787106172
OPM % 4%8%10%2%6%5%7%-1%7%4%6%6%7%
Other Income 000000000000-2
Interest 911109999111011151616
Depreciation 263445565771111
Profit before tax 19427912383677-2467396578143
Tax % 26%26%26%32%26%22%27%-26%29%19%30%25%27%
Net Profit 1431598282857-1748314659105
EPS in Rs 4.4410.0118.912.709.009.0818.19-5.6115.5010.1014.7118.8233.71

Last Updated: February 3, 2026, 10:16 pm

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

  • For Sales, as of Dec 2025, the value is 2,406.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,711.00 Cr. (Sep 2025) to 2,406.00 Cr., marking an increase of 695.00 Cr..
  • For Expenses, as of Dec 2025, the value is 2,234.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,605.00 Cr. (Sep 2025) to 2,234.00 Cr., marking an increase of 629.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 172.00 Cr.. The value appears strong and on an upward trend. It has increased from 106.00 Cr. (Sep 2025) to 172.00 Cr., marking an increase of 66.00 Cr..
  • For OPM %, as of Dec 2025, the value is 7.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Sep 2025) to 7.00%, marking an increase of 1.00%.
  • For Other Income, as of Dec 2025, the value is -2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 0.00 Cr. (Sep 2025) to -2.00 Cr., marking a decrease of 2.00 Cr..
  • For Interest, as of Dec 2025, the value is 16.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 16.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 11.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 143.00 Cr.. The value appears strong and on an upward trend. It has increased from 78.00 Cr. (Sep 2025) to 143.00 Cr., marking an increase of 65.00 Cr..
  • For Tax %, as of Dec 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2025) to 27.00%, marking an increase of 2.00%.
  • For Net Profit, as of Dec 2025, the value is 105.00 Cr.. The value appears strong and on an upward trend. It has increased from 59.00 Cr. (Sep 2025) to 105.00 Cr., marking an increase of 46.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 33.71. The value appears strong and on an upward trend. It has increased from 18.82 (Sep 2025) to 33.71, marking an increase of 14.89.

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: February 26, 2026, 3:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1911,4211,2721,2991,3791,4431,6921,8192,1933,1533,8274,9117,055
Expenses 1,1771,4181,2281,2511,3201,3731,5941,6722,1073,0003,6144,6926,633
Operating Profit 153434859719814786153212219422
OPM % 1%0%3%4%4%5%6%8%4%5%6%4%6%
Other Income 523123322356-2
Interest 35292421192021232635364158
Depreciation 6889881091013162436
Profit before tax -21-33141934466911752108165160325
Tax % -39%-32%26%28%33%34%34%26%26%26%25%26%
Net Profit -13-221114233046873980123119240
EPS in Rs -4.05-7.193.404.517.389.7614.7327.9312.4425.7239.6338.1977.34
Dividend Payout % -11%-6%13%20%21%23%15%16%36%21%22%33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-69.23%150.00%27.27%64.29%30.43%53.33%89.13%-55.17%105.13%53.75%-3.25%
Change in YoY Net Profit Growth (%)0.00%219.23%-122.73%37.01%-33.85%22.90%35.80%-144.30%160.30%-51.38%-57.00%

Thangamayil Jewellery Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

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:-11%
Stock Price CAGR
10 Years:39%
5 Years:65%
3 Years:59%
1 Year:6%
Return on Equity
10 Years:19%
5 Years:21%
3 Years:20%
Last Year:15%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14141414141414141414273131
Reserves 1401151241361551792062843113754661,0711,136
Borrowings 2361851461192291782603234175715327971,124
Other Liabilities 89101118168213282235154163287456660956
Total Liabilities 4794144024376116527157759051,2471,4812,5593,248
Fixed Assets 827478727471817984120154201250
CWIP 78111122722117
Investments 0000000000000
Other Assets 3903323233645365806336948141,1251,3252,3472,991
Total Assets 4794144024376116527157759051,2471,4812,5593,248

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

  • For Equity Capital, as of Sep 2025, the value is 31.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 31.00 Cr..
  • For Reserves, as of Sep 2025, the value is 1,136.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,071.00 Cr. (Mar 2025) to 1,136.00 Cr., marking an increase of 65.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 1,124.00 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 797.00 Cr. (Mar 2025) to 1,124.00 Cr., marking an increase of 327.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 956.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 660.00 Cr. (Mar 2025) to 956.00 Cr., marking an increase of 296.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 3,248.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,559.00 Cr. (Mar 2025) to 3,248.00 Cr., marking an increase of 689.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 250.00 Cr.. The value appears strong and on an upward trend. It has increased from 201.00 Cr. (Mar 2025) to 250.00 Cr., marking an increase of 49.00 Cr..
  • For CWIP, as of Sep 2025, the value is 7.00 Cr.. The value appears to be declining and may need further review. It has decreased from 11.00 Cr. (Mar 2025) to 7.00 Cr., marking a decrease of 4.00 Cr..
  • For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 2,991.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,347.00 Cr. (Mar 2025) to 2,991.00 Cr., marking an increase of 644.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 3,248.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,559.00 Cr. (Mar 2025) to 3,248.00 Cr., marking an increase of 689.00 Cr..

Notably, the Reserves (1,136.00 Cr.) exceed the Borrowings (1,124.00 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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 49827369-5385-3955-7910330-424
Cash from Investing Activity + -17-3-5-6-27-17818-21-86-30-138
Cash from Financing Activity + -45-90-64-5674-6224-649478-293637
Net Cash Flow -12-1147-65-78-72875

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-221.00-182.00-103.00-71.00-170.00-107.00-162.00-176.00-331.00-418.00-320.00-578.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000001010001
Inventory Days 113778796140143139149139127127164
Days Payable 2914271721931323
Cash Conversion Cycle 111687369123122130146138125125162
Working Capital Days 201624212225345253383654
ROCE %4%-1%13%15%16%17%21%25%11%17%20%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 67.16%67.16%67.16%67.32%67.33%67.33%61.28%61.28%61.49%61.53%61.56%61.56%
FIIs 0.16%0.20%0.25%0.74%0.98%1.08%4.52%4.05%4.41%4.49%4.61%4.70%
DIIs 11.46%11.46%11.39%11.40%11.51%12.08%12.77%13.56%14.80%14.83%15.25%16.62%
Public 21.21%21.17%21.20%20.52%20.17%19.50%21.42%21.10%19.29%19.15%18.58%17.13%
No. of Shareholders 14,89620,91729,60432,95433,84733,13540,90844,47944,66748,99646,38944,849

Shareholding Pattern Chart

No. of Shareholders

Thangamayil Jewellery Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 1,677,908 3.45 557.171,337,3842025-11-03 19:13:1325.46%
SBI Small Cap Fund 1,292,000 1.25 429.021,140,0002025-11-03 19:13:1313.33%
SBI Childrens Fund - Investment Plan 741,783 4.76 246.32N/AN/AN/A
HSBC Value Fund 322,327 0.74 107.03289,0332026-02-23 05:48:2211.52%
Canara Robeco Small Cap Fund 255,287 0.67 84.77217,9042026-02-23 05:48:2217.16%
HSBC Multi Cap Fund 177,145 1.14 58.82N/AN/AN/A
HSBC ELSS Tax saver Fund 175,147 1.47 58.16N/AN/AN/A
Bandhan Innovation Fund 69,807 1.21 23.1886,8062026-02-23 05:48:22-19.58%
HSBC Consumption Fund 50,000 0.99 16.6N/AN/AN/A
JM Small Cap Fund 32,837 1.74 10.9N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 42.0044.9158.1328.0963.11
Diluted EPS (Rs.) 42.0044.9158.1328.0963.11
Cash EPS (Rs.) 45.8250.8767.8835.1370.01
Book Value[Excl.RevalReserv]/Share (Rs.) 354.68179.73283.38236.35217.15
Book Value[Incl.RevalReserv]/Share (Rs.) 354.68179.73283.38236.35217.15
Dividend / Share (Rs.) 12.5010.0012.0010.0010.00
Revenue From Operations / Share (Rs.) 1579.981394.602297.841598.491325.56
PBDIT / Share (Rs.) 72.2979.36113.8964.04108.86
PBIT / Share (Rs.) 64.6773.40104.1357.01101.95
PBT / Share (Rs.) 51.4560.1678.6737.9285.26
Net Profit / Share (Rs.) 38.1944.9158.1228.0963.11
PBDIT Margin (%) 4.575.694.954.008.21
PBIT Margin (%) 4.095.264.533.567.69
PBT Margin (%) 3.254.313.422.376.43
Net Profit Margin (%) 2.413.222.521.754.76
Return on Networth / Equity (%) 10.7624.9820.5011.8829.06
Return on Capital Employeed (%) 16.6031.9226.3617.7838.00
Return On Assets (%) 4.638.326.394.2511.17
Long Term Debt / Equity (X) 0.060.230.340.320.20
Total Debt / Equity (X) 0.681.011.411.110.90
Asset Turnover Ratio (%) 2.432.812.932.612.44
Current Ratio (X) 1.721.541.581.721.68
Quick Ratio (X) 0.250.130.180.100.08
Inventory Turnover Ratio (X) 3.103.163.152.792.69
Dividend Payout Ratio (NP) (%) 13.8615.5818.9232.039.50
Dividend Payout Ratio (CP) (%) 11.5513.7616.2025.618.56
Earning Retention Ratio (%) 86.1484.4281.0867.9790.50
Cash Earning Retention Ratio (%) 88.4586.2483.8074.3991.44
Interest Coverage Ratio (X) 5.475.994.473.366.52
Interest Coverage Ratio (Post Tax) (X) 3.894.393.282.474.78
Enterprise Value (Cr.) 6747.793954.631848.211832.921057.20
EV / Net Operating Revenue (X) 1.371.030.580.830.58
EV / EBITDA (X) 30.0318.1611.8320.867.08
MarketCap / Net Operating Revenue (X) 1.270.920.430.670.44
Retention Ratios (%) 86.1384.4181.0767.9690.49
Price / BV (X) 5.667.173.544.592.70
Price / Net Operating Revenue (X) 1.270.920.430.670.44
EarningsYield 0.010.030.050.020.10

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 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 42.00. This value is within the healthy range. It has decreased from 44.91 (Mar 24) to 42.00, marking a decrease of 2.91.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 42.00. This value is within the healthy range. It has decreased from 44.91 (Mar 24) to 42.00, marking a decrease of 2.91.
  • For Cash EPS (Rs.), as of Mar 25, the value is 45.82. This value is within the healthy range. It has decreased from 50.87 (Mar 24) to 45.82, marking a decrease of 5.05.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 354.68. It has increased from 179.73 (Mar 24) to 354.68, marking an increase of 174.95.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 354.68. It has increased from 179.73 (Mar 24) to 354.68, marking an increase of 174.95.
  • For Dividend / Share (Rs.), as of Mar 25, the value is 12.50. This value exceeds the healthy maximum of 3. It has increased from 10.00 (Mar 24) to 12.50, marking an increase of 2.50.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 1,579.98. It has increased from 1,394.60 (Mar 24) to 1,579.98, marking an increase of 185.38.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 72.29. This value is within the healthy range. It has decreased from 79.36 (Mar 24) to 72.29, marking a decrease of 7.07.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 64.67. This value is within the healthy range. It has decreased from 73.40 (Mar 24) to 64.67, marking a decrease of 8.73.
  • For PBT / Share (Rs.), as of Mar 25, the value is 51.45. This value is within the healthy range. It has decreased from 60.16 (Mar 24) to 51.45, marking a decrease of 8.71.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 38.19. This value is within the healthy range. It has decreased from 44.91 (Mar 24) to 38.19, marking a decrease of 6.72.
  • For PBDIT Margin (%), as of Mar 25, the value is 4.57. This value is below the healthy minimum of 10. It has decreased from 5.69 (Mar 24) to 4.57, marking a decrease of 1.12.
  • For PBIT Margin (%), as of Mar 25, the value is 4.09. This value is below the healthy minimum of 10. It has decreased from 5.26 (Mar 24) to 4.09, marking a decrease of 1.17.
  • For PBT Margin (%), as of Mar 25, the value is 3.25. This value is below the healthy minimum of 10. It has decreased from 4.31 (Mar 24) to 3.25, marking a decrease of 1.06.
  • For Net Profit Margin (%), as of Mar 25, the value is 2.41. This value is below the healthy minimum of 5. It has decreased from 3.22 (Mar 24) to 2.41, marking a decrease of 0.81.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 10.76. This value is below the healthy minimum of 15. It has decreased from 24.98 (Mar 24) to 10.76, marking a decrease of 14.22.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 16.60. This value is within the healthy range. It has decreased from 31.92 (Mar 24) to 16.60, marking a decrease of 15.32.
  • For Return On Assets (%), as of Mar 25, the value is 4.63. This value is below the healthy minimum of 5. It has decreased from 8.32 (Mar 24) to 4.63, marking a decrease of 3.69.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.23 (Mar 24) to 0.06, marking a decrease of 0.17.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.68. This value is within the healthy range. It has decreased from 1.01 (Mar 24) to 0.68, marking a decrease of 0.33.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 2.43. It has decreased from 2.81 (Mar 24) to 2.43, marking a decrease of 0.38.
  • For Current Ratio (X), as of Mar 25, the value is 1.72. This value is within the healthy range. It has increased from 1.54 (Mar 24) to 1.72, marking an increase of 0.18.
  • For Quick Ratio (X), as of Mar 25, the value is 0.25. This value is below the healthy minimum of 1. It has increased from 0.13 (Mar 24) to 0.25, marking an increase of 0.12.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 3.10. This value is below the healthy minimum of 4. It has decreased from 3.16 (Mar 24) to 3.10, marking a decrease of 0.06.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 13.86. This value is below the healthy minimum of 20. It has decreased from 15.58 (Mar 24) to 13.86, marking a decrease of 1.72.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 11.55. This value is below the healthy minimum of 20. It has decreased from 13.76 (Mar 24) to 11.55, marking a decrease of 2.21.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 86.14. This value exceeds the healthy maximum of 70. It has increased from 84.42 (Mar 24) to 86.14, marking an increase of 1.72.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.45. This value exceeds the healthy maximum of 70. It has increased from 86.24 (Mar 24) to 88.45, marking an increase of 2.21.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 5.47. This value is within the healthy range. It has decreased from 5.99 (Mar 24) to 5.47, marking a decrease of 0.52.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.89. This value is within the healthy range. It has decreased from 4.39 (Mar 24) to 3.89, marking a decrease of 0.50.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 6,747.79. It has increased from 3,954.63 (Mar 24) to 6,747.79, marking an increase of 2,793.16.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.37. This value is within the healthy range. It has increased from 1.03 (Mar 24) to 1.37, marking an increase of 0.34.
  • For EV / EBITDA (X), as of Mar 25, the value is 30.03. This value exceeds the healthy maximum of 15. It has increased from 18.16 (Mar 24) to 30.03, marking an increase of 11.87.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.27. This value is within the healthy range. It has increased from 0.92 (Mar 24) to 1.27, marking an increase of 0.35.
  • For Retention Ratios (%), as of Mar 25, the value is 86.13. This value exceeds the healthy maximum of 70. It has increased from 84.41 (Mar 24) to 86.13, marking an increase of 1.72.
  • For Price / BV (X), as of Mar 25, the value is 5.66. This value exceeds the healthy maximum of 3. It has decreased from 7.17 (Mar 24) to 5.66, marking a decrease of 1.51.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.27. This value is within the healthy range. It has increased from 0.92 (Mar 24) to 1.27, marking an increase of 0.35.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.03 (Mar 24) to 0.01, 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 March 5, 2026 is: ₹2,221.15

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 March 5, 2026, Thangamayil Jewellery Ltd is Overvalued by 42.26% compared to the current share price ₹3,847.00

Intrinsic Value of Thangamayil Jewellery Ltd as of March 5, 2026 is: ₹3,201.07

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 March 5, 2026, Thangamayil Jewellery Ltd is Overvalued by 16.79% compared to the current share price ₹3,847.00

Last 5 Year EPS CAGR: 44.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (2.08 cr) and profit (81.15 cr) over the years.
  1. The stock has a low average ROCE of 14.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 32.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 116.00, which may not be favorable.
  4. The company has higher borrowings (393.62) compared to reserves (361.38), 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: 2.41%
      • 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: 16.6% (Industry Average ROCE: 6.5%)
      • 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%: 10.76% (Industry Average ROE: 8.99%)
      • 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): 3.89
      • 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: 0.25
      • 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: 49.4 (Industry average Stock P/E: 119.24)
      • 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: 0.68
      • 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.
INDUSTRYADDRESSCONTACT
Gems, Jewellery & Precious MetalsNo.124, Nethaji Road, Madurai Tamil Nadu 625001Contact not found
Management
NamePosition Held
Mr. Balarama Govinda DasChairman & Managing Director
Mr. N B KumarJoint Managing Director
Mr. Ba RameshJoint Managing Director
Ms. Yamuna Vasini Deva DasiNon Executive Director
Mr. S M ChandrasekaranIndependent Director
Mrs. Jeevagan RajakumariIndependent Director
Dr. N JegatheesanIndependent Director
Mr. K Thiruppathi RajanIndependent Director

FAQ

What is the intrinsic value of Thangamayil Jewellery Ltd?

Thangamayil Jewellery Ltd's intrinsic value (as of 05 March 2026) is ₹3201.07 which is 16.79% lower the current market price of ₹3,847.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹11,956 Cr. market cap, FY2025-2026 high/low of ₹4,149/1,602, reserves of ₹1,136 Cr, and liabilities of ₹3,248 Cr.

What is the Market Cap of Thangamayil Jewellery Ltd?

The Market Cap of Thangamayil Jewellery Ltd is 11,956 Cr..

What is the current Stock Price of Thangamayil Jewellery Ltd as on 05 March 2026?

The current stock price of Thangamayil Jewellery Ltd as on 05 March 2026 is ₹3,847.

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 ₹4,149/1,602.

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

The Stock P/E of Thangamayil Jewellery Ltd is 49.4.

What is the Book Value of Thangamayil Jewellery Ltd?

The Book Value of Thangamayil Jewellery Ltd is 376.

What is the Dividend Yield of Thangamayil Jewellery Ltd?

The Dividend Yield of Thangamayil Jewellery Ltd is 0.32 %.

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.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Thangamayil Jewellery Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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