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Thangamayil Jewellery Ltd logo

Thangamayil Jewellery Ltd

NSE: THANGAMAYL BSE: 533158

3320.60

(-4.94)%

Sat, 31 Jan 2026, 04:03 pm

Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (6.5x coverage).
  • Thangamayil Jewellery's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividends per share have fallen over the past 10 years.
  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Thangamayil Jewellery's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • Thangamayil Jewellery is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thangamayil Jewellery is profitable, therefore cash runway is not a concern.
  • Thangamayil Jewellery is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (34.4%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 2.6x debt.
  • Thangamayil Jewellery's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (141.2% vs 118% today).
  • Interest payments on debt are well covered by earnings (EBIT is 6x coverage).
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Cons

  • Thangamayil Jewellery's level of debt (118%) compared to net worth is high (greater than 40%).
  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the Thangamayil Jewellery board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Balarama's compensation has been consistent with company performance over the past year, both up more than 20%.
  • More shares have been bought than sold by Thangamayil Jewellery individual insiders in the past 3 months.
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Cons

  • Balarama's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • Thangamayil Jewellery is not covered by any analysts.
    • Thangamayil Jewellery has significant price volatility in the past 3 months.

    past

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    Pros

    • Thangamayil Jewellery's 1-year earnings growth exceeds its 5-year average (57.6% vs 55.6%)
    • Thangamayil Jewellery has delivered over 20% year on year earnings growth in the past 5 years.
    • Thangamayil Jewellery used its assets more efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
    • Thangamayil Jewellery has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
    • Thangamayil Jewellery's earnings growth has exceeded the IN Specialty Retail industry average in the past year (57.6% vs 16.8%).
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    Cons

    • Whilst Thangamayil Jewellery has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.

    value

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    Pros

    • Thangamayil Jewellery's share price is below the future cash flow value, and at a moderate discount (> 20%).
    • Thangamayil Jewellery's share price is below the future cash flow value, and at a substantial discount (> 40%).
    • Thangamayil Jewellery is good value based on earnings compared to the IN Specialty Retail industry average.
    • Thangamayil Jewellery is good value based on earnings compared to the India market.
    • THANGAMAYL outperformed the Specialty Retail industry which returned -63.5% over the past year.
    • THANGAMAYL matched the India Market (-14.5%) over the past year.
    • NSEI:THANGAMAYL is up 10.7% outperforming the market in India which returned 8% over the past month.
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    Cons

    • Thangamayil Jewellery is overvalued based on assets compared to the IN Specialty Retail industry average.
    • NSEI:THANGAMAYL is up 10.7% underperforming the Specialty Retail industry which returned 12.6% over the past month.

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