Thangamayil Jewellery Ltd. (THANGAMAYL) AI Stock Analysis

• Market Cap: ₹94.53B
• Dividend Yield: 0.37%
• Average Volume (3M): 1.68K
• Price to Earnings (P/E): 50.1
• Beta (1Y): 0.87
• Revenue Growth: 35.04%
• EPS Growth: 80.12%
• Country: IN
• Employees: 2,112
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 18.90
• Shares Outstanding: 31,082,022
• 10 Day Avg. Volume: 2,272
• 30 Day Avg. Volume: 1,684
• PEG Ratio: -7.41
• Price to Book (P/B): 5.17
• Price to Sales (P/S): 1.16
• P/FCF Ratio: -11.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: ₹3,453.00 ▲(2.01% Upside)

Thangamayil Jewellery Ltd. has strong financial performance in terms of revenue growth and profitability, but faces risks from high leverage and negative cash flow. Technical indicators suggest potential overbought conditions, and the high P/E ratio raises valuation concerns.

Thangamayil Jewellery Ltd. Business Overview & Revenue Model

Company Description

Thangamayil Jewellery Ltd. (THANGAMAYL) is a leading retailer of gold and diamond jewellery based in India, primarily serving the southern region. Established in 2000, the company specializes in a wide range of products including traditional and contemporary jewellery designs, catering to both individual customers and the wedding market. THANGAMAYL operates through a chain of showrooms and offers a blend of high-quality craftsmanship and competitive pricing, making it a popular choice among consumers seeking both aesthetic appeal and value.

How the Company Makes Money

Thangamayil Jewellery Ltd. generates revenue primarily through the sale of gold and diamond jewellery. The company operates a retail model that includes physical showrooms in key locations, where customers can browse and purchase jewellery directly. In addition to jewellery sales, THANGAMAYL may also earn income through gold loan services and the sale of related accessories. Key revenue streams include retail sales from both walk-in customers and online orders, as well as potential partnerships with financial institutions for gold loans. Seasonal events and festivals also drive significant sales, contributing to its overall earnings.

Thangamayil Jewellery Ltd. Financial Statement Overview

Summary

Thangamayil Jewellery Ltd. shows strong revenue growth and profitability with stable margins. However, high leverage and negative free cash flow pose potential risks, necessitating a focus on debt reduction and improved cash flow conversion.

Income Statement

Thangamayil Jewellery Ltd. has shown robust revenue growth over the past years, with a remarkable increase from 2024 to 2025. Gross profit margin has been stable, indicating efficient cost management. The net profit margin is healthy, though it has slightly decreased from the previous year. EBIT and EBITDA margins are consistent, reflecting operational efficiency. Overall, the company is demonstrating strong financial health in its income statement.

Balance Sheet

The company's debt-to-equity ratio suggests a moderate level of leverage, which may pose a risk in volatile markets. However, the return on equity is satisfactory, indicating effective use of shareholders' funds. The equity ratio has been improving, showing a solid foundation of assets funded by equity. While debt levels are high, the strengthening equity base provides a buffer.

Cash Flow

The cash flow statement reveals some challenges, with negative free cash flow in the most recent period, indicating potential liquidity concerns. The operating cash flow to net income ratio has deteriorated, suggesting issues in converting profits to cash. Despite these challenges, the company had a positive financing cash flow, which could support its liquidity needs temporarily.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.49B	49.11B	38.27B	31.53B	21.93B	18.19B
Gross Profit	4.51B	4.30B	3.69B	2.97B	1.98B	2.07B
EBITDA	2.18B	2.19B	2.12B	1.56B	878.63M	1.49B
Net Income	1.08B	1.19B	1.23B	797.40M	385.50M	865.84M
Balance Sheet
Total Assets	0.00	25.59B	14.81B	12.47B	9.05B	7.75B
Cash, Cash Equivalents and Short-Term Investments	885.60M	885.60M	135.70M	771.70M	36.50M	137.29M
Total Debt	0.00	7.97B	5.32B	5.71B	4.20B	3.23B
Total Liabilities	-11.02B	14.57B	9.88B	8.58B	5.81B	4.77B
Stockholders Equity	11.02B	11.02B	4.93B	3.89B	3.24B	2.98B
Cash Flow
Free Cash Flow	0.00	-4.82B	2.93B	-213.60M	-950.98M	492.89M
Operating Cash Flow	0.00	-4.24B	3.30B	104.40M	-790.71M	551.54M
Investing Cash Flow	0.00	-1.38B	-296.50M	-864.20M	-211.22M	176.31M
Financing Cash Flow	0.00	6.37B	-2.93B	779.90M	935.44M	-644.74M

Thangamayil Jewellery Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3384.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:THANGAMAYL, the sentiment is Positive. The current price of 3384.9 is above the 20-day moving average (MA) of 2219.95, above the 50-day MA of 2172.09, and above the 200-day MA of 1955.27, indicating a bullish trend. The MACD of 237.47 indicates Negative momentum. The RSI at 90.54 is Negative, neither overbought nor oversold. The STOCH value of 96.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:THANGAMAYL.

Thangamayil Jewellery Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KALAMANDIR	71 Outperform	₹26.62B	19.73	―	1.15%	23.15%	47.46%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SENCO	58 Neutral	₹54.65B	25.45	―	0.30%	27.47%	-0.43%
THANGAMAYL	54 Neutral	₹94.53B	50.14	―	0.37%	35.04%	80.12%
RAJESHEXPO	51 Neutral	₹53.66B	72.91	―	―	93.58%	93.53%