Thangamayil Jewellery Ltd
NSE: THANGAMAYL · Gems, Jewellery And Watches · sector
₹4,634.50NSE close 2026-10-26
Key numbers
Market cap₹14,404 cr
Price₹4,634.50
52w high / low₹7,430 / ₹1,940
P/E36.8xSector median 16.4x
P/B10.2xSector median 1.9x
Book value₹455.6
Dividend yield0.27%Sector median 0.46%
ROE31.1%Sector median 14.7%
ROCE26.3%Sector median 15.0%
OPM6.4%Sector median 6.6%
Debt / equity0.58xSector median 0.26x
EV/EBITDA24.0xSector median 15.4x
Interest cover8.4x
Current ratio1.54x
Sales growth 3y+39.2%Sector median +25.6%
Profit growth 3y+64.0%Sector median +26.1%
PEG1.48x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹381 cr vs borrowings ₹826 cr (FY26): borrowings are higher by ₹444 cr.
- Operating profit covered interest 8.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹4,634.50 on 2026-10-26: -37.6% from the 52-week high, +139.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹6,806.00 · low ₹1,649.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,178 | 1,132 | 1,380 | 1,555 | 1,705 | 2,401 | 2,838 | 2,662 |
| EBITDA | -10 | 82 | 57 | 84 | 99 | 165 | 213 | 141 |
| OPM % | -0.9% | 7.3% | 4.1% | 5.4% | 5.8% | 6.9% | 7.5% | 5.3% |
| Other income | 3 | 1 | 0 | 3 | 6 | 5 | 1 | 4 |
| Net profit | -17 | 48 | 31 | 46 | 59 | 105 | 143 | 85 |
| EPS (₹) | -6.36 | 17.56 | 10.18 | 14.71 | 18.82 | 33.71 | 45.89 | 27.38 |
| Revenue YoY | +44.7% | +112.2% | +105.6% | +71.2% | ||||
| Profit YoY | – | +117.4% | +354.3% | +86.2% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,193 | 3,153 | 3,827 | 4,911 | 8,499 | 9,606 |
| EBITDA | 86 | 153 | 212 | 219 | 562 | 619 |
| Net profit | 39 | 80 | 123 | 119 | 352 | 391 |
| EPS (₹) | 28.09 | 58.13 | 44.91 | 42.00 | 113.14 | 125.80 |
| Revenue growth | +43.8% | +21.4% | +28.3% | +73.1% | +83.1% | |
| Profit growth | +106.9% | +54.6% | -3.7% | +196.2% | +262.5% | |
| Dividend / share (₹) | 9.00 | 11.00 | 10.00 | 6.00 | 12.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +39.2% | +36.1% | +83.1% |
| Net profit | +64.0% | +32.4% | +262.5% |
| EPS | +24.9% | +12.4% | – |
| Share price | – | +44.8% (2y) | +146.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 389 | 493 | 1,102 | 1,416 |
| Borrowings | – | 548 | 500 | 751 | 826 |
| Cash & equivalents | – | 76 | 82 | 242 | 381 |
| Total assets | – | 1,247 | 1,481 | 2,559 | 3,820 |
| Fixed assets | – | 99 | 123 | 154 | 205 |
| Capital work in progress | – | 2 | 2 | 11 | 7 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 3 | 4 | 9 | 24 |
| Inventory | – | 982 | 1,189 | 1,979 | 2,954 |
| Payables | – | 20 | 18 | 33 | 20 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -79 | 10 | 330 | -424 | 322 |
| Cash from investing | -21 | -86 | -30 | -138 | -165 |
| Cash from financing | 94 | 78 | -293 | 637 | -122 |
| Capex | 16 | 32 | 37 | 58 | 74 |
| Free cash flow | -95 | -22 | 293 | -482 | 248 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.5% | 25.0% | 10.8% | 24.8% |
| ROCE % | – | 15.2% | 20.3% | 10.8% | 23.9% |
| Debtor days | – | 0 | 0 | 1 | 1 |
| Inventory days | – | 126 | 126 | 161 | 142 |
| Payable days | – | 3 | 2 | 3 | 1 |
| Cash conversion cycle (days) | – | 123 | 124 | 159 | 142 |
| Working capital days | – | 47 | 44 | 72 | 52 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 61.65% |
| FIIs | 5.79% |
| DIIs | 17.03% |
| of which Mutual funds | 16.23% |
| of which Insurance | 0.01% |
| Public (non-institutions) | 15.52% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.27% | 61.49% | 61.53% | 61.56% | 61.56% | 61.61% | 61.61% | 61.65% |
| Promoter group | % |
|---|---|
| Ramesh.Ba | 17.78% |
| Balarama Govinda Das | 17.70% |
| Kumar.N.B | 17.56% |
| Thangamayil Gold And Diamond Private Limited | 5.49% |
| Balusamy Silvears Jewellery Private Limited | 1.76% |
| K Thamarai Selvi | 0.31% |
| Yadeenthranathan Darmini | 0.30% |
| Yamuna Vasini Deva Dasi | 0.23% |
| Shylaja P | 0.21% |
| Balusamy Kumar Kishorelal | 0.08% |
| Gokul Ramesh | 0.07% |
| B R Sumati | 0.07% |
| B Rajeshkanna | 0.05% |
| Narayanan Balasubbu Arun | 0.04% |
| Thiagarajan Vanaja | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sbi Small Cap Fund | 7.26% |
| Dsp Small Cap Fund | 4.60% |
| Hsbc mutual fund- Hsbc value fund | 2.23% |
| Chandramogan R G | 1.74% |
| Canara Robeco Mutual fund A/c Canara Robeco Small Cap Funf | 1.44% |
59,639 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TIMEX | ₹6,364 cr | 75.0x | 57.2x | 87.9% | 86.1% | 14.4% | +27.7% | 0.37% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-22 | Dividend | Dividend - Rs 18 Per Share |
| 2025-07-21 | Dividend | Annual General Meeting/Dividend - Rs 12.50 Per Share |
| 2025-02-11 | Rights | Rights 2:15 @ Premium Rs 1390/- |
| 2024-07-18 | Dividend | Dividend - Rs 6 Per Share |
| 2024-07-18 | Other | Annual General Meeting |
| 2024-02-12 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-07-17 | Bonus | Bonus 1:1 |
| 2023-06-27 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2023-02-01 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2022-07-27 | Dividend | Annual General Meeting/Dividend - Rs 5 Per Share |
| 2022-02-03 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-08-17 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Sh |
| 2021-03-09 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2020-09-11 | Other | Annual General Meeting |
| 2020-03-23 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2019-07-24 | Dividend | Annual General Meeting/Dividend Rs 5.00 Per Share |
| 2018-07-24 | Dividend | Annual General Meeting/Dividend- Rs 3.50 Per Share |
| 2017-07-18 | Dividend | Annual General Meeting/Dividend - Rs 2/- Per Share |
| 2016-07-19 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share (Book Closure Start Date Revised) |
| 2015-07-20 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- trade: retail saleS
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | THANGAMAYL |
| BSE code | 533158 |
| ISIN | INE085J01014 |
| Face value | ₹10.0 |
| Incorporated | 2000-03-24 |
| Website | www.thangamayil.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.