Thangamayil Jewellery Ltd. (THANGAMAYL) AI Stock Analysis

• Market Cap: ₹61.40B
• Dividend Yield: 0.63%
• Average Volume (3M): 4.02K
• Price to Earnings (P/E): 55.4
• Beta (1Y): 0.94
• Revenue Growth: 28.28%
• EPS Growth: -16.65%
• Country: IN
• Employees: 2,112
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Luxury Goods
• EPS (TTM): 14.85
• Shares Outstanding: 31,082,022
• 10 Day Avg. Volume: 4,187
• 30 Day Avg. Volume: 4,023
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹1,995.00
• Price Target Upside: 0.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 58 Neutral
• Price Target: ₹1,995.00 ▲(0.30% Upside)

Thangamayil Jewellery Ltd. demonstrates robust financial performance with growth and stable margins, but faces high leverage and cash flow issues. The technical outlook shows potential stability, but bearish momentum is a concern. Valuation indicates that the stock may be overvalued. Improvement in cash flow and reduction in leverage are essential for better financial health.

Thangamayil Jewellery Ltd. Business Overview & Revenue Model

Company Description

Thangamayil Jewellery Ltd. (THANGAMAYL) is a prominent jewelry retailer based in India, engaged primarily in the business of gold and silver jewelry, diamond jewelry, and other related products. The company operates through a network of retail outlets primarily located in southern India, offering a wide range of traditional and contemporary designs catering to diverse customer preferences.

How the Company Makes Money

Thangamayil Jewellery Ltd. generates revenue primarily through the sale of gold and silver jewelry, which constitutes the bulk of its offerings. The company operates multiple retail stores where it sells its products directly to consumers. In addition to in-store sales, Thangamayil may also engage in wholesale distribution and online sales to expand its market reach. Key revenue streams include the markup on jewelry sales, which is influenced by the fluctuating market prices of precious metals, and the craftsmanship and design value added to the products. The company may also engage in strategic partnerships with suppliers to ensure cost-effective procurement of raw materials, and leverage marketing strategies to drive customer footfall and sales. Seasonal demand and cultural occasions also play a significant role in influencing sales volumes and revenue.

Thangamayil Jewellery Ltd. Financial Statement Overview

Summary

Strong revenue growth and stable margins, but high leverage and negative free cash flow present risks. Reducing debt and improving cash flow conversion are crucial.

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	49.15B	49.11B	38.27B	31.53B	21.93B	18.19B
Gross Profit	4.08B	4.30B	3.69B	2.97B	1.98B	2.07B
EBITDA	2.23B	2.19B	2.12B	1.56B	878.63M	1.49B
Net Income	1.19B	1.19B	1.23B	797.40M	385.50M	865.84M
Balance Sheet
Total Assets	25.59B	25.59B	14.81B	12.47B	9.05B	7.75B
Cash, Cash Equivalents and Short-Term Investments	2.42B	2.42B	135.70M	771.70M	36.50M	137.29M
Total Debt	7.97B	7.97B	5.32B	5.71B	4.20B	3.23B
Total Liabilities	14.57B	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: 1988.95
• 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 1988.95 is above the 20-day moving average (MA) of 1901.56, above the 50-day MA of 1891.10, and above the 200-day MA of 1896.59, indicating a bullish trend. The MACD of 20.16 indicates Negative momentum. The RSI at 61.99 is Neutral, neither overbought nor oversold. The STOCH value of 85.35 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	67 Neutral	₹26.02B	22.05		0.59%	17.77%	28.06%
SENCO	61 Neutral	₹55.39B	25.80		0.15%	27.47%	-0.43%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
THANGAMAYL	58 Neutral	₹61.40B	55.39		0.63%	28.28%	-16.65%

Thangamayil Jewellery Ltd. Corporate Events

Thangamayil Jewellery Ltd. Releases Q1 2025 Financial Results

Thangamayil Jewellery Ltd. announced its unaudited financial results for the first quarter ending June 30, 2025. The Board of Directors approved the results, which were prepared according to Indian Accounting Standards, and the Limited Review report was issued by M/s. B.Thiagarajan & Co., Chartered Accountants. The financial results and performance highlights reflect the company’s operational status and provide insights into its financial health for stakeholders.

Thangamayil Jewellery Ltd. Releases Q1 2025 Financial Results

Thangamayil Jewellery Ltd. announced the approval of its standalone un-audited financial results for the first quarter ending June 30, 2025, during a board meeting held on July 28, 2025. The results, prepared under Indian Accounting Standards, reflect the company’s financial performance, with detailed performance highlights and a limited review report provided by the statutory auditors. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational efficiency for the quarter, potentially influencing investor confidence and market positioning.