Thangamayil Jewellery Ltd.

NSE: THANGAMAYL · Consumer Durables

₹4,148.20-4.32%06 Nov 2026

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Instant answers about Thangamayil Jewellery Ltd. — computed from its filings, no language model

Market cap₹12,893 cr

Current price₹4,148.20

High / Low₹7,310 / ₹2,081

P/E32.9

P/B8.57

Book value₹484.2

ROE26.0%

ROCE20.0%

Debt / equity0.99

Dividend yield0.30%

EPS (TTM)₹126.12

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,443	1,692	1,819	2,193	3,153	3,827	4,911	8,499
EBITDA	71	98	147	86	153	212	219	565
Operating margin	4.9%	5.8%	8.1%	3.9%	4.9%	5.5%	4.5%	6.6%
Interest	20	21	23	26	35	36	41	68
Depreciation	8	10	9	10	13	16	24	40
Profit before tax	46	69	117	52	108	165	160	469
Tax	15	24	30	13	28	42	41	117
Net profit	0	0	87	39	80	123	119	352
EPS ₹	22.05	33.01	63.11	28.09	58.13	44.91	42.00	113.14
Operating cash flow	—	—	—	-79	10	330	-424	322
Capex	—	—	—	16	-0	0	58	74
Dividend paid	—	—	—	0	15	19	16	39
Total assets	652	715	775	905	1,247	1,481	2,559	3,820
Equity	193	220	298	324	389	493	1,102	1,416

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	387	363	341	352	491	402	441	358	126	342	612	740	250	704	630	609	813	744	770	959	992	895	981	1,220	1,178	1,132	1,380	1,555	1,705	2,401	2,838	2,662	2,381
Operating profit	22	16	15	17	26	34	30	20	-2	77	42	27	-3	43	25	21	32	29	57	91	23	50	48	90	-10	82	57	84	99	168	213	141	108
Operating margin	5.7%	4.5%	4.4%	4.9%	5.2%	8.6%	6.8%	5.6%	-1.3%	22.7%	6.8%	3.7%	-1.1%	6.1%	4.0%	3.4%	3.9%	3.8%	7.4%	9.5%	2.3%	5.6%	4.9%	7.4%	-0.9%	7.3%	4.1%	5.4%	5.8%	7.0%	7.5%	5.3%	4.5%
Other income	0	1	1	1	1	-7	-3	1	0	0	3	1	0	1	1	0	0	1	2	1	1	1	2	2	3	1	0	3	6	5	1	4	7
Interest	5	5	5	5	5	6	5	5	5	5	6	6	5	6	7	8	8	9	11	10	9	9	9	9	11	10	11	15	16	16	20	18	22
Depreciation	2	2	2	2	2	3	3	3	2	2	2	2	2	2	3	3	3	2	6	3	4	4	5	5	6	5	7	7	11	11	12	11	12
Profit before tax	16	11	9	11	20	18	19	13	-9	70	36	19	-10	36	16	10	21	19	42	79	12	38	36	77	-24	67	39	65	78	143	182	115	80
Tax	5	4	3	4	7	6	6	4	-2	18	9	6	-2	9	4	2	5	5	11	20	4	10	8	21	-6	19	7	19	20	38	40	30	20
Net profit	0	0	0	0	0	12	0	0	0	52	27	14	-7	27	11	8	16	14	31	59	8	28	28	57	-17	48	31	46	59	105	143	85	59
EPS ₹	7.51	5.13	4.13	5.28	9.36	8.59	9.05	6.01	-4.71	38.01	19.61	10.02	-5.44	19.47	8.25	5.82	11.63	10.04	22.61	42.72	3.06	10.21	10.29	20.61	-6.36	17.56	10.18	14.71	18.82	33.71	45.89	27.38	19.13
Revenue YoY	—	—	—	—	26.9%	10.7%	29.1%	1.8%	-74.4%	-14.9%	38.7%	106.4%	98.4%	106.1%	3.1%	-17.7%	15.5%	18.0%	26.4%	—	22.0%	20.3%	27.5%	27.3%	18.7%	26.5%	40.7%	27.5%	44.7%	112.2%	105.6%	71.2%	39.7%
Profit YoY	—	—	—	—	—	—	—	—	—	343.6%	—	—	—	-49.0%	-58.0%	-42.0%	-40.3%	21.8%	288.8%	—	-47.4%	103.3%	-9.0%	-3.5%	-307.9%	72.1%	11.2%	-19.2%	—	117.4%	354.3%	86.2%	1.6%

Earlier results (standalone, Dec '09 – Mar '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Thangamayil Jewellery Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†
Revenue	658	1,132	1,525	1,196	1,423	1,275	1,295	1,379
Operating profit	58	118	85	20	4	46	50	50
Operating margin	8.9%	10.4%	5.6%	1.6%	0.3%	3.6%	3.8%	3.7%
Other income	—	—	—	—	—	—	—	2
Interest	10	28	37	35	29	24	21	—
Depreciation	1	2	5	6	8	8	9	8
Profit before tax	47	87	43	-21	-33	14	19	34
Tax	16	28	13	-8	-11	4	5	11
Net profit	31	59	30	-13	-22	11	14	23

Quarters

showing latest 8 of 34 periods

	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†
Revenue	130	112	126	174	172	187	223	293	309	306	358	373	437	356	425	241	249	281	371	334	378	339	300	407	336	231	287	314	330	364	434	274	315	356
Operating profit	8	7	12	14	15	17	20	39	34	24	32	27	23	3	28	11	-0	-19	2	-8	6	4	13	13	11	9	14	13	8	15	15	8	13	15
Operating margin	6.3%	6.5%	9.4%	8.3%	8.9%	9.0%	9.0%	13.4%	11.1%	8.0%	8.9%	7.3%	5.2%	0.8%	6.7%	4.5%	-0.0%	-6.9%	0.6%	-2.5%	1.6%	1.3%	4.4%	3.2%	3.2%	3.8%	4.9%	4.0%	2.4%	4.1%	3.5%	2.8%	4.0%	4.1%
Other income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	0	1
Interest	2	2	2	2	3	4	4	6	8	11	9	8	10	9	9	8	7	10	7	8	7	8	6	6	6	6	6	6	5	5	—	—	5	5
Depreciation	0	0	0	0	0	0	0	0	0	1	1	1	1	2	1	1	1	2	2	2	2	2	2	2	2	2	2	2	2	3	2	2	2	2
Profit before tax	6	5	10	12	12	13	15	33	26	13	22	18	11	-8	18	1	-9	-31	-6	-18	-3	-5	5	5	3	1	6	5	1	8	14	6	6	9
Tax	2	1	3	4	4	5	5	11	9	4	7	5	3	-2	4	0	-2	-10	-2	-6	-1	-1	2	2	1	-1	2	1	0	2	4	2	2	4
Net profit	4	4	6	9	8	8	11	22	17	9	15	13	8	-6	14	1	-6	-20	-4	-12	-2	-4	4	4	2	1	5	4	0	5	10	4	4	5
EPS ₹	4.40	3.13	4.74	6.21	6.11	5.78	7.76	16.18	12.47	6.64	11.03	9.15	5.60	-4.18	10.03	0.44	-4.73	-14.89	-2.90	-9.07	-1.58	-2.69	2.65	2.70	1.53	0.80	3.29	2.60	0.28	4.00	7.04	3.01	3.06	3.46
Revenue YoY	—	—	—	—	31.5%	68.1%	77.7%	68.9%	80.2%	63.2%	60.6%	27.2%	41.3%	16.4%	18.6%	-35.5%	-42.9%	-21.2%	-12.7%	38.9%	51.7%	20.7%	-19.1%	21.9%	-11.2%	-31.8%	-4.4%	-22.9%	-1.8%	57.4%	51.3%	-12.8%	-4.5%	-2.1%
Profit YoY	—	—	—	—	110.0%	112.0%	63.7%	160.4%	104.1%	14.9%	42.2%	-43.5%	-55.1%	-162.9%	-9.1%	-95.2%	-184.5%	—	-128.9%	-2175.0%	—	—	—	—	—	—	24.2%	-3.8%	-81.9%	399.1%	113.3%	14.6%	997.4%	-9.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	0.0%	0.0%	6.1%	6.1%	5.4%	5.4%	23.8%	36.0%	31.2%	28.7%	20.1%	14.9%	11.9%	30.7%	25.0%	28.2%	25.0%	24.6%	18.5%	22.4%	10.8%	9.8%	15.7%	20.6%	24.8%	27.6%	26.0%
ROCE	19.0%	20.1%	22.6%	25.4%	19.9%	13.7%	24.9%	29.0%	24.7%	24.5%	18.6%	15.2%	11.4%	21.2%	19.9%	22.0%	20.3%	20.0%	12.8%	15.2%	10.8%	10.5%	13.3%	16.8%	23.9%	26.3%	20.0%
Net margin	0.0%	0.0%	0.7%	0.7%	0.7%	0.9%	4.1%	5.5%	5.1%	4.4%	2.6%	1.9%	1.8%	3.6%	3.2%	3.5%	3.2%	3.0%	2.2%	2.6%	2.4%	2.1%	3.2%	3.4%	4.1%	4.1%	3.8%
EBITDA margin	4.9%	4.8%	5.8%	6.3%	6.5%	6.2%	9.9%	9.6%	8.0%	7.4%	4.7%	4.0%	3.9%	6.3%	5.8%	6.1%	5.5%	5.2%	4.2%	4.7%	4.5%	4.1%	5.6%	5.8%	6.6%	6.5%	6.1%
Debt / equity	0.80	0.80	0.80	0.80	1.07	1.07	1.07	1.07	0.90	0.90	0.90	0.90	1.11	1.41	1.13	1.13	1.01	1.01	1.49	1.49	0.68	0.68	0.95	0.95	0.58	0.58	0.99
Interest coverage	3.24	3.51	3.76	4.25	4.28	2.91	5.46	6.04	6.11	5.96	4.35	3.44	2.99	5.35	5.03	5.47	5.54	5.62	4.40	5.08	4.89	4.14	5.74	6.57	7.93	8.38	7.82
Asset turnover	2.21	2.37	2.43	2.58	2.37	1.85	1.77	2.01	2.35	2.51	2.97	3.00	2.42	2.64	2.55	2.66	2.58	2.76	2.29	2.41	1.92	2.05	1.78	2.17	2.22	2.51	2.23

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	14	14	14	14	14	14	14	14	14	14	27	27	27	31	31	31	31
Other equity / reserves	115	124	138	155	179	206	284	311	338	375	420	466	489	1,071	1,136	1,385	1,474
Total equity	129	138	152	169	193	220	298	324	352	389	447	493	516	1,102	1,167	1,416	1,505
Borrowings	170	128	94	190	154	236	269	360	528	548	505	500	771	751	1,114	826	1,485
Current liabilities	—	—	—	410	420	431	407	465	670	705	752	850	1,227	1,349	1,970	2,275	2,979
Non-current liabilities	—	—	—	32	39	64	70	116	158	153	158	138	126	108	110	130	119
Total assets	414	402	439	611	652	715	775	905	1,180	1,247	1,358	1,481	1,869	2,559	3,248	3,820	4,602
Property, plant & equipment	68	72	69	72	69	70	69	73	81	99	106	123	133	154	191	205	223
Capital work-in-progress	8	1	1	1	1	2	2	7	8	2	3	2	5	11	7	7	11
Investments	—	—	—	—	—	—	—	—	0	0	0	0	0	0	0	0	0
Inventories	289	281	312	476	504	564	649	750	956	982	1,100	1,189	1,442	1,979	2,617	2,954	3,698
Receivables	0	0	1	1	2	0	3	3	3	3	5	4	2	9	6	24	6
Cash & equivalents	6	9	20	4	9	2	10	4	4	6	8	14	40	89	11	124	90

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY14‡	FY15‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	82	49	-53	85	-39	55	-79	10	330	-424	322
Cash from investing	-3	-17	-27	-17	8	18	-21	-86	-30	-138	-165
Cash from financing	-90	-45	74	-62	24	-64	94	78	-293	637	-122
Capex	3	17	11	5	9	6	16	-0	0	58	74
Free cash flow	79	32	-64	80	-48	49	-95	11	330	-482	248
Dividends paid	2	8	3	6	17	8	0	15	19	16	39

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹223 cr5%

CWIP

₹11 cr0%

Inventories

₹3,698 cr80%

Receivables

₹6 cr0%

Cash & equivalents

₹90 cr2%

Other assets

₹575 cr12%

Peer comparison

largest in Consumer Durables · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Titan Company Ltd.	4,43,900	5,000.00	63.1	24.31	38.5%
Asian Paints Ltd.	2,44,212	2,546.00	50.5	11.24	22.3%
LG Electronics India Ltd.	1,19,063	1,754.10	61.9	13.52	21.8%
Dixon Technologies (India) Ltd.	77,202	12,625.00	49.8	13.13	26.4%
Havells India Ltd.	70,793	1,128.00	42.6	7.24	17.0%
Kalyan Jewellers India Ltd.	61,009	590.75	42.5	9.67	22.7%
Berger Paints India Ltd.	55,776	478.35	45.5	7.88	17.3%
Voltas Ltd.	36,355	1,099.00	80.9	5.70	7.0%
Blue Star Ltd.	32,382	1,575.00	60.6	9.29	15.3%
Amber Enterprises India Ltd.	22,582	6,403.00	235.1	5.16	2.2%
Thangamayil Jewellery Ltd.	12,893	4,148.20	32.9	8.57	26.0%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-13.6%

6 months+0.9%

1 year+102.4%

3Y CAGR+47.9%

5Y CAGR+46.0%

10Y CAGR+42.6%

50-day avg₹4,949.91

200-day avg₹4,652.33

RSI (14)17

Compare Thangamayil Jewellery Ltd. with

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FAQs

What is the share price of Thangamayil Jewellery Ltd.?

Thangamayil Jewellery Ltd. (THANGAMAYL) closed at ₹4,148.20 on NSE on 06 Nov 2026.

What is the market cap of Thangamayil Jewellery Ltd.?

₹12,893 crore at the latest close.

What is the P/E ratio of Thangamayil Jewellery Ltd.?

32.9, on trailing-twelve-month earnings from its filings.

How fast is Thangamayil Jewellery Ltd. growing?

Thangamayil Jewellery Ltd.: revenue has compounded at 39.2% a year over three years; net profit at 64.0% a year. Latest-quarter revenue is up 39.7% year on year, profit up 1.6%.

How profitable is Thangamayil Jewellery Ltd.?

On a trailing-twelve-month basis return on equity is 26.0%, return on capital employed 20.0%, operating margin 6.1%, net margin 3.8%.

How much debt does Thangamayil Jewellery Ltd. have?

Thangamayil Jewellery Ltd. is moderately geared: debt to equity is 0.99 with borrowings of ₹1,485 cr against cash of ₹90 cr (balance sheet of 2026-09-30). Operating profit covers interest 7.8 times.

Financials parsed from Thangamayil Jewellery Ltd.'s own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from JUN '18, annual from FY19, balance sheet from Mar '15. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.