Thangamayil Jewellery Ltd. (THANGAMAYL) AI Stock Analysis

• Market Cap: ₹125.38B
• Dividend Yield: 0.37%
• Average Volume (3M): 1.68K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.47
• Revenue Growth: 35.04%
• EPS Growth: 80.12%
• Country: IN
• Employees: 2,112
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 33.80
• Shares Outstanding: 31,082,022
• 10 Day Avg. Volume: 2,272
• 30 Day Avg. Volume: 1,684
• PEG Ratio: -10.93
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 115.41
• Revenue Forecast (FY): ₹95.11B

• Rating: 66 Neutral
• Price Target: ₹4,356.00 ▲(34.86% Upside)
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

The score is supported by strong technical momentum and solid income-statement performance, but is held back by weak cash flow (negative free cash flow and poorer cash conversion) and a demanding valuation (high P/E and low dividend yield).

Positive Factors

Strong revenue & EPS growth

Sustained double‑digit top-line and very strong EPS expansion point to robust demand and operating leverage in core jewellery retailing. Over 2–6 months this growth momentum supports capacity utilisation, inventory turns and reinvestment ability, underpinning durable earnings power.

Negative Factors

Negative free cash flow & cash conversion

Persistent negative free cash flow and worsening cash conversion signal that reported profits are not fully translating into liquidity. Over several months this strains working capital, limits organic funding for inventory and store growth, and increases reliance on external financing.

Thangamayil Jewellery Ltd. Business Overview & Revenue Model

Company Description

Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, and platinum jewelries, as well as silver articles and gold coins. It is also involved in the manufacture and sale of jewel...

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Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, and platinum jewelries, as well as silver articles and gold coins. It is also involved in the manufacture and sale of jewel...

How the Company Makes Money

Thangamayil Jewellery Ltd. primarily makes money by selling jewellery and related precious metal products to retail customers through its physical store network. Its main revenue stream is the sale of gold jewellery, where earnings are generated f...

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Thangamayil Jewellery Ltd. primarily makes money by selling jewellery and related precious metal products to retail customers through its physical store network. Its main revenue stream is the sale of gold jewellery, where earnings are generated f...

Thangamayil Jewellery Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	57.78B	49.11B	38.27B	31.53B	21.93B	18.19B
Gross Profit	5.47B	4.30B	3.53B	2.97B	1.98B	2.07B
EBITDA	3.28B	2.19B	2.12B	1.51B	841.24M	1.46B
Net Income	1.84B	1.19B	1.23B	797.40M	385.50M	865.84M
Balance Sheet
Total Assets	32.48B	25.59B	14.81B	12.47B	9.05B	7.75B
Cash, Cash Equivalents and Short-Term Investments	2.22B	885.60M	135.70M	771.70M	36.50M	137.29M
Total Debt	11.24B	7.97B	5.32B	5.71B	4.20B	3.23B
Total Liabilities	20.80B	14.57B	9.88B	8.58B	5.81B	4.77B
Stockholders Equity	11.67B	11.02B	4.93B	3.89B	3.24B	2.98B
Cash Flow
Free Cash Flow	-1.53B	-4.82B	2.93B	-213.60M	-950.98M	492.89M
Operating Cash Flow	-1.09B	-4.24B	3.30B	104.40M	-790.71M	551.54M
Investing Cash Flow	-933.60M	-1.38B	-296.50M	-864.20M	-211.22M	176.31M
Financing Cash Flow	1.25B	6.37B	-2.93B	779.90M	935.44M	-644.74M

Thangamayil Jewellery Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3230.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• 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 3230.1 is below the 20-day moving average (MA) of 3532.10, below the 50-day MA of 3562.73, and above the 200-day MA of 2759.21, indicating a bullish trend. The MACD of 53.11 indicates Negative momentum. The RSI at 65.14 is Neutral, neither overbought nor oversold. The STOCH value of 88.92 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
SENCO	69 Neutral	₹54.65B	4.93	―	0.31%	20.18%	16.17%
KALAMANDIR	68 Neutral	₹14.55B	14.42	―	1.31%	23.15%	47.46%
THANGAMAYL	66 Neutral	₹125.38B	23.90	―	0.37%	35.04%	80.12%
MAZDA	63 Neutral	₹3.86B	12.72	―	1.64%	―	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAJESHEXPO	52 Neutral	₹29.83B	18.97	―	―	112.02%	244.77%
GOENKA	41 Neutral	₹266.28M	-23.75	―	―	―	―