Thangamayil Jewellery Limited

NSE: THANGAMAYL · Gems, Jewellery And Watches

52W Range₹1,750 ₹7,430

Snapshot

Unlock Thangamayil Jewellery Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Thangamayil Jewellery Limited is a retail jewellery chain based in Tamil Nadu, India, specialising in gold, diamond, silver, and platinum ornaments. The company operates a network of retail outlets alongside a manufacturing and assembly facility, complemented by an online sales platform.

Business Model

The company generates revenue primarily through the retail sale of jewellery and accessories across its physical store network and digital channels. It integrates manufacturing and assembly capabilities to manage its product supply chain and inventory.

  • Retail Outlets:52

Growth Outlook

Growth is driven by the expansion of the retail footprint within Tamil Nadu and the strengthening of its omnichannel presence. The company continues to leverage its long-standing brand heritage to capture market share in the organised jewellery sector.

Key Risks

  • Gold Price Volatility. Significant fluctuations in gold prices can impact consumer demand and inventory valuation.
  • Geographic Concentration. The company's heavy reliance on the Tamil Nadu market exposes it to regional economic and regulatory risks.
  • Regulatory Compliance. Changes in government policies regarding gold imports and taxation can adversely affect operational margins.
  • Competitive Pressure. Intense competition from both organised national players and unorganised local jewellers may impact market share.

Price

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Key Metrics

REVENUE

₹8,499 Cr

TTM · standalone

+73.1%YoY

NET PROFIT

₹352 Cr

TTM · standalone

+196.2%YoY

EPS

₹113.13

TTM · standalone

+169.4%YoY

RETURN ON EQUITY

29.8%

TTM · standalone

+11.4 ppYoY

RETURN ON CAPITAL EMPLOYED

41.5%

TTM · standalone

+15.6 ppYoY

P/E

56.4x

Q4 FY26 · standalone

56.4 vs 130.8x5Y avg

EV/EBITDA

35.4x

Q4 FY26 · standalone

35.4 vs 120.0x5Y avg

EBITDA MARGIN

6.8%

TTM · standalone

+2.2 ppYoY

NET PROFIT MARGIN

5.0%

Q4 FY26 · standalone

+2.7 ppYoY

DEBT TO EQUITY

0.4%

Q4 FY26 · standalone

-0.3 ppYoY

Peers · Gems, Jewellery And Watches

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Thangamayil Jewellery LimitedTHANGAMAYL
10,33756.3735.4473.1%6.8%29.8%41.5%+233.3%
Bluestone Jewellery & Lifestyle Ltd.BLUESTONE
7,941-86.5822.4618.0%0.7%8.1%
P. N. Gadgil Jewellers Ltd.PNGJL
7,63219.7113.6639.6%6.6%24.7%36.3%-0.9%
PC Jeweller LimitedPCJEWELLER
6,38910.229.5849.4%25.9%10.7%12.5%-39.8%
Ethos LimitedETHOSLTD
5,83372.0127.18-0.6%15.8%8.7%11.6%-6.7%
Sky Gold & Diam.SKYGOLD
5,10429.6519.22109.3%7.4%40.1%61.6%+94.7%

As of Q4 FY26

Financials