āagman

Not investment advice. Data and computed figures, for information only.

Thangamayil Jewellery Ltd

NSE: THANGAMAYL
₹4,791.00
−₹58.50 (−1.21%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,198 Cr
CMP
₹4,791.00
52-wk High / Low
₹7,430 / 1,940
P/E
38.7
P/B
10.7
Book Value
₹456.0
Div Yield
0.37%
ROCE
25.0%
ROE
28.1%
Face Value
₹10
D/E
0.64

Price+137.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹1,077
√(22.5 × EPS × book value per share)
ROIC
16.9%
vs 12.3% sector median
Cash flow to profit
0.91
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−15
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
24.1%
ROE × earnings retention ratio
ROE stability
6.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +1.17DII −0.98
Latest quarter vs the previous one
Cash-accrual divergence
0.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 5.4pp over the last year
Watch-outs
−Borrowings are up 525.3% since FY2016 (146 to 913)
−Price is 35.5% below its 52-week high
−Annualised volatility of 59.8% is in the high band (≥45%)
−Promoter holding fell by 5.5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9609938969831,2221,1811,1321,3811,5581,7112,4062,8392,666
Expenses8689698459331,1301,1881,0491,3231,4711,6052,2342,6252,522
Operating Profit9224515092−7835787106172214145
OPM %9.6%2.4%5.7%5.1%7.5%−0.6%7.3%4.1%5.6%6.2%7.1%7.5%5.4%
Other Income0000000000−200
Interest1099991110111516162018
Depreciation34455657711111211
Profit before tax7912383677−2467396578143182115
Net Profit598282857−174831465910514385
EPS (₹)18.912.709.009.0818.19−5.6115.5010.1014.7118.8233.7145.9027.38

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,4211,2721,2991,3791,4431,6921,8192,1933,1533,8274,9118,4999,622
Expenses1,4181,2281,2511,3201,3731,5941,6722,1073,0003,6144,6927,9358,985
Operating Profit3434859719814786153212219565637
OPM %0.2%3.4%3.7%4.3%4.9%5.8%8.1%3.9%4.9%5.5%4.5%6.6%6.6%
Other Income2312332235612−2
Interest29242119202123263536416870
Depreciation88988109101316244045
Profit before tax−33141934466911752108165160469519
Net Profit−221114233046873980123119352391
EPS (₹)−7.193.404.517.389.7614.7327.9312.4425.7239.6338.19113.14125.81

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital141414141414141414273131—
Reserves1151241361551792062843113754661,0711,385—
Borrowings185146119229178260323417571532797913—
Other Liabilities1011181682132822351541632874566601,491—
Total Liabilities4144024376116527157759051,2471,4812,5593,820—
Fixed Assets7478727471817984120154201293—
CWIP8111122722117—
Investments000000000000—
Other Assets3323233645365806336948141,1251,3252,3473,520—
Total Assets4144024376116527157759051,2471,4812,5593,820—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity827369−5385−3955−7910330−424322
Cash from Investing Activity−3−5−6−27−17818−21−86−30−138−165
Cash from Financing Activity−90−64−5674−6224−649478−293637−122
Net Cash Flow−1147−65−78−7287536

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %−1.013.015.016.017.021.025.011.017.020.014.025.0
ROE %———————————28.1
EPS (₹)−7.193.404.517.389.7614.7327.9312.4425.7239.6338.19113.14
Book Value (₹)———————————456.0
Face Value (₹)———————————10
P/E———————————38.7
Div Yield %———————————0.37
NPM %−1.50.91.11.72.12.74.81.82.53.22.44.1
OPM %0.23.43.74.34.96.08.03.94.86.04.57.0
D/E1.431.060.791.360.921.181.081.281.471.080.720.64
P/B———————————10.7

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+21.0%
5 years+36.0%
3 years+39.0%
TTM+83.0%
Compounded profit growth
10 years+42.0%
5 years+32.0%
3 years+64.0%
TTM+264.0%
Stock price CAGR
10 years+45.0%
5 years+53.0%
3 years+50.0%
Last year+142.0%
Return on equity
10 years22.0%
5 years23.0%
3 years24.0%
Last year28.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters70.35%70.35%66.44%66.46%67.44%70.07%66.66%67.16%67.33%61.49%61.61%61.61%
FIIs0.00%0.00%0.00%0.00%2.13%1.88%1.19%0.16%0.98%4.41%4.37%5.54%
DIIs6.94%6.94%6.84%6.40%6.33%5.74%11.51%11.46%11.51%14.80%17.41%16.43%
Government————————————
Public22.71%22.71%26.72%27.15%24.10%22.31%20.64%21.21%20.17%19.29%16.61%16.43%
No. of shareholders2,8932,8934,9704,6194,3958,77612,29614,89633,84744,66748,09751,026
Change since Jun 2023 (pp)
Promoters −8.74FIIs +5.54DIIs +9.49Public −6.28

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowDisclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseDisclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

As of 22 Jul 2026
22 Jul 2026DIVIDENDDividend - Rs 18 Per Share—
21 Jul 2025DIVIDENDAnnual General Meeting/Dividend - Rs 12.50 Per Share—
11 Feb 2025RIGHTSRights 2:15 @ Premium Rs 1390/-—
18 Jul 2024DIVIDENDDividend - Rs 6 Per Share—
12 Feb 2024DIVIDENDInterim Dividend - Rs 4 Per Share—
17 Jul 2023BONUSBonus 1:1—
27 Jun 2023DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
1 Feb 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
27 Jul 2022DIVIDENDAnnual General Meeting/Dividend - Rs 5 Per Share—
3 Feb 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
17 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Sh—
9 Mar 2021DIVIDEND Interim Dividend - Rs 6 Per Share—
23 Mar 2020DIVIDEND Interim Dividend - Rs 5 Per Share—
24 Jul 2019DIVIDEND Annual General Meeting/Dividend Rs 5.00 Per Share—
24 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 3.50 Per Share—
18 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 2/- Per Share—
19 Jul 2016DIVIDEND Annual General Meeting/Dividend Re 1/- Per Share (Book Closure Start Date Revised)—
20 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 1/- Per Share—
17 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
12 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs 5/- Per Equity Share—
5 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 7 Per Share—
16 Jun 2011DIVIDENDDividend-Re.1/- Per Share—
22 Mar 2011DIVIDENDInterim Dividend-Rs.4/- Per Share (Purpose Revised)—
16 Jun 2010DIVIDENDFinal Dividend-Re.1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman