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Thangamayil Jewellery Limited

THANGAMAYLNSE
Market snapshot · 2026-08-10 22:46 UTC

5,349.00

+₹74.00 (+1.40%)

MARKET CAP

₹16.63K Cr

STOCK P/E

42.4x

52W HIGH

₹7,430.00

52W LOW

₹1,939.50

BOOK VALUE

₹455.49

EPS

₹126.07

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

64.49

VOLUME

1.57L

P/B RATIO

11.74x

PEG RATIO

0.49

Sector

Consumer Discretionary

Themes

Precious Metals, Jewellery & WatchesGold StocksSilver StocksDiamond
D
Dividend
E
Earnings
₹6,906.50₹5,669.23₹4,431.96₹3,194.69₹1,957.42VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Thangamayil Jewellery is an Indian retail jewellery chain selling gold, diamonds, silver, precious stones, and platinum. Gold jewellery and coins anchor sales, while diamond and silver products broaden its revenue mix; online sales and gold-saving schemes support customer acquisition. Recent 73.1% revenue growth and 196.2% profit growth indicate significant operating momentum, with improving margins supporting earnings conversion. ROE is unavailable, while debt/equity of 64.49 indicates extreme leverage that can materially inflate reported returns and increase financial risk. The key earnings question is whether margin improvement can persist alongside high borrowing and precious-metal price volatility. At 41.8x earnings, the stock appears rich and overvalued relative to its growth profile, leaving limited room for execution setbacks.

Valuation Metrics

Trading 176.2% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.39). Confidence: 50%.

Live forward EPS implies next-12-month EPS of ₹182.03. Applying the stock's normalized valuation corridor produces a fair range of ₹2,025.99 to ₹4,355.98, with base value near ₹2,757.75 (-48.4% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹182.03

Forward P/E

29.4x

Base Fair Value

₹2,757.75

Fair Range

₹2,025.99 - ₹4,355.98

Upside To Base

-48.4%

Estimate Source

Live forward EPS

Growth Estimate

+86.1%

P/E
Strongly Overvalued

5Y Average

13.59

Current

41.84

Overvalued

23.93

Undervalued

11.13

EV/EBITDA
Strongly Overvalued

5Y Average

9.19

Current

28.70

Overvalued

10.90

Undervalued

3.04

P/S
Strongly Overvalued

5Y Average

0.55

Current

1.73

Overvalued

0.64

Undervalued

0.47

Peers & Comparison

Sector: Consumer Discretionary · Theme: Precious Metals, Jewellery & Watches

Precious Metals, Jewellery & Watches Peers8 peers
Avg P/E: 56.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
SKY GOLD AND DIAMONDS LTD
SKYGOLDPrecious Metals, Jewellery & Watches
+80.6%4.4%
43.2x
Undervalued
-24% vs avg
+168.0%
GOLDIAM INTERNATIONAL LTD
GOLDIAMPrecious Metals, Jewellery & Watches
+41.9%19.7%
32.5x
Undervalued
-43% vs avg
+36.6%
KALYAN JEWELLERS IND LTD
KALYANKJILPrecious Metals, Jewellery & Watches
+45.7%3.7%
43.2x
Undervalued
-24% vs avg
+12.8%
P N GADGIL JEWELLERS LTD
PNGJLPrecious Metals, Jewellery & Watches
+40.7%3.9%
19.4x
Undervalued
-66% vs avg
+17.2%
PC JEWELLER LTD
PCJEWELLERPrecious Metals, Jewellery & Watches
+32.7%21.3%
11.8x
Undervalued
-79% vs avg
-27.1%
BLUESTONE JEWEL LFSTL LTD
BLUESTONEPrecious Metals, Jewellery & Watches
+49.6%2.1%
221.4x
Premium
+289% vs avg
+49.2%
ETHOS LIMITED
ETHOSLTDPrecious Metals, Jewellery & Watches
+33.3%6.0%
72.7x
Premium
+28% vs avg
+0.2%
SENCO GOLD LIMITED
SENCOPrecious Metals, Jewellery & Watches
+51.1%6.8%
11.4x
Undervalued
-80% vs avg
+17.4%
WHY THESE PEERS

THANGAMAYIL JEWELLERY LTD trades at a discount (42.4x vs peer avg 56.9x), suggesting potential undervaluation relative to the Precious Metals, Jewellery & Watches cohort. Peers include SKY GOLD AND DIAMONDS LTD, GOLDIAM INTERNATIONAL LTD, KALYAN JEWELLERS IND LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Financial chart data is not available for this company right now.

Results

Income statement data not available.

All values in ₹ Crores unless otherwise stated. Source: Company filings.

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