Thangamayil Jewellery Ltd. (IN:THANGAMAYL)
:THANGAMAYL
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Thangamayil Jewellery Ltd.
(THANGAMAYL)
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Rating:62Neutral
Price Target:
₹4,093.00
▲(26.71% Upside)
Action:Reiterated
Date:05/22/26
The score is primarily supported by improved 2026 financial performance (strong growth, better margins, and healthier leverage), but is held back by cash-flow volatility and a relatively high valuation (P/E ~31.4 with a low dividend yield). Technicals are neutral-to-mixed with a positive longer-term trend but weak near-term momentum (negative MACD).
Positive Factors
Revenue rebound
A 47.1% revenue rebound in 2026 shows renewed demand and scale benefits that can persist across quarters. Higher volumes underpin fixed-cost absorption and support margin recovery, improving the company's ability to invest in stores and marketing without relying solely on short-term price moves.
Negative Factors
Volatile cash generation
Inconsistent operating and free cash flow across recent years reduces predictability of internal funding for expansion, debt servicing, and dividends. Volatility forces greater reliance on external financing in downturns, raising refinancing and liquidity risks despite the 2026 improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A 47.1% revenue rebound in 2026 shows renewed demand and scale benefits that can persist across quarters. Higher volumes underpin fixed-cost absorption and support margin recovery, improving the company's ability to invest in stores and marketing without relying solely on short-term price moves.
Read all positive factors
Thangamayil Jewellery Ltd. (THANGAMAYL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹118.63B
Dividend Yield0.37%
Average Volume (3M)1.68K
Price to Earnings (P/E)19.4
Beta (1Y)0.85
Revenue Growth73.17%
EPS Growth176.39%
CountryIN
Employees2,112
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)60.72
Shares Outstanding31,082,022
10 Day Avg. Volume2,272
30 Day Avg. Volume1,684
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)7.80
Price to Sales (P/S)1.30
P/FCF Ratio44.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)122.43
Revenue Forecast (FY)₹98.62B
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...
How the Company Makes Money
Thangamayil Jewellery Ltd. makes money mainly by retailing jewellery and related items to consumers through its stores. The core revenue stream is the sale of gold jewellery, where earnings are driven by (i) the value of gold sold (linked to preva...
Thangamayil Jewellery Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.78B | 84.99B | 49.11B | 38.27B | 31.53B | 21.93B |
| Gross Profit | 5.47B | 7.52B | 4.30B | 3.53B | 2.97B | 1.98B |
| EBITDA | 3.28B | 5.77B | 2.19B | 2.12B | 1.51B | 841.24M |
| Net Income | 1.84B | 3.52B | 1.19B | 1.23B | 797.40M | 385.50M |
Balance Sheet | ||||||
| Total Assets | 32.48B | 38.20B | 25.59B | 14.81B | 12.47B | 9.05B |
| Cash, Cash Equivalents and Short-Term Investments | 2.22B | 3.81B | 885.60M | 135.70M | 771.70M | 36.50M |
| Total Debt | 11.24B | 9.13B | 7.97B | 5.32B | 5.71B | 4.20B |
| Total Liabilities | 20.80B | 24.04B | 14.57B | 9.88B | 8.58B | 5.81B |
| Stockholders Equity | 11.67B | 14.16B | 11.02B | 4.93B | 3.89B | 3.24B |
Cash Flow | ||||||
| Free Cash Flow | -1.53B | 2.48B | -4.82B | 2.93B | -213.60M | -950.98M |
| Operating Cash Flow | -1.09B | 3.22B | -4.24B | 3.30B | 104.40M | -790.71M |
| Investing Cash Flow | -933.60M | -1.65B | -1.38B | -296.50M | -864.20M | -211.22M |
| Financing Cash Flow | 1.25B | -1.22B | 6.37B | -2.93B | 779.90M | 935.44M |
Thangamayil Jewellery Ltd. Technical Analysis
Positive
3230.10
Price Trends
3781.80
Positive
3670.96
Positive
3069.66
Positive
Market Momentum
-38.13
Positive
49.44
Neutral
55.40
Neutral
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 3863.15, below the 50-day MA of 3781.80, and above the 200-day MA of 3069.66, indicating a neutral trend. The MACD of -38.13 indicates Positive momentum. The RSI at 49.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.40 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹56.96B | 4.93 | ― | 0.31% | 27.13% | 254.05% | |
68 Neutral | ₹15.81B | 9.44 | ― | 1.31% | 13.11% | 65.11% | |
63 Neutral | ₹3.90B | 12.72 | ― | 1.64% | 2.07% | -6.60% | |
62 Neutral | ₹118.63B | 19.35 | ― | 0.37% | 73.17% | 176.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹31.99B | 18.97 | ― | ― | 134.99% | 173.71% | |
41 Neutral | ₹266.28M | -23.75 | ― | ― | 89.66% | 59.29% |
* Consumer Cyclical Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.