Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹4,591, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 35x in the Specialty Retail industry in India. Total returns to shareholders of 576% over the past three years. Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹113 (vs ₹42.00 in FY 2025) Full year 2026 results: EPS: ₹113 (up from ₹42.00 in FY 2025). Revenue: ₹85.1b (up 73% from FY 2025). Net income: ₹3.52b (up 196% from FY 2025). Profit margin: 4.1% (up from 2.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 16
Thangamayil Jewellery Limited announces Annual dividend, payable on August 28, 2026 Thangamayil Jewellery Limited announced Annual dividend of INR 18.0000 per share payable on August 28, 2026, ex-date on July 22, 2026 and record date on July 22, 2026. Announcement • May 15
Thangamayil Jewellery Limited, Annual General Meeting, Jul 29, 2026 Thangamayil Jewellery Limited, Annual General Meeting, Jul 29, 2026. Location: tamilnadu chamber of commerce &, industry, no:178-b, kamarajar salai, madurai -625009 ., madurai India Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹3,594, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 42x in the Specialty Retail industry in India. Total returns to shareholders of 565% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹2,346 per share. Announcement • May 07
Thangamayil Jewellery Limited to Report Q4, 2026 Results on May 15, 2026 Thangamayil Jewellery Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹4,087, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 35x in the Specialty Retail industry in India. Total returns to shareholders of 724% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹2,230 per share. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3,722, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 35x in the Specialty Retail industry in India. Total returns to shareholders of 662% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹2,136 per share. Reported Earnings • Jan 22
Third quarter 2026 earnings released: EPS: ₹33.71 (vs ₹17.56 in 3Q 2025) Third quarter 2026 results: EPS: ₹33.71 (up from ₹17.56 in 3Q 2025). Revenue: ₹24.0b (up 112% from 3Q 2025). Net income: ₹1.05b (up 117% from 3Q 2025). Profit margin: 4.4% (up from 4.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Nagarathinam Jegatheesan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 09
Thangamayil Jewellery Limited to Report Q3, 2026 Results on Jan 21, 2026 Thangamayil Jewellery Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Jan 21, 2026 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹3,836, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 42x in the Specialty Retail industry in India. Total returns to shareholders of 637% over the past three years. Price Target Changed • Nov 22
Price target increased by 31% to ₹3,275 Up from ₹2,504, the current price target is an average from 3 analysts. New target price is 8.3% above last closing price of ₹3,025. Stock is up 52% over the past year. The company is forecast to post earnings per share of ₹71.80 for next year compared to ₹42.00 last year. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (50% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Nov 04
Second quarter 2026 earnings released: EPS: ₹18.82 (vs ₹6.36 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹18.82 (up from ₹6.36 loss in 2Q 2025). Revenue: ₹17.1b (up 45% from 2Q 2025). Net income: ₹585.1m (up ₹759.5m from 2Q 2025). Profit margin: 3.4% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹2,604, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 39x in the Specialty Retail industry in India. Total returns to shareholders of 448% over the past three years. Announcement • Oct 15
Thangamayil Jewellery Limited to Report Q2, 2026 Results on Nov 03, 2025 Thangamayil Jewellery Limited announced that they will report Q2, 2026 results on Nov 03, 2025 New Risk • Jul 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Announcement • Jul 16
Thangamayil Jewellery Limited to Report Q1, 2026 Results on Jul 28, 2025 Thangamayil Jewellery Limited announced that they will report Q1, 2026 results on Jul 28, 2025 Upcoming Dividend • Jul 14
Upcoming dividend of ₹12.50 per share Eligible shareholders must have bought the stock before 21 July 2025. Payment date: 27 August 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (7.1%). Reported Earnings • Jul 06
Full year 2025 earnings released: EPS: ₹42.00 (vs ₹44.91 in FY 2024) Full year 2025 results: EPS: ₹42.00 (down from ₹44.91 in FY 2024). Revenue: ₹49.1b (up 28% from FY 2024). Net income: ₹1.19b (down 3.7% from FY 2024). Profit margin: 2.4% (down from 3.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 21
Dividend of ₹12.50 announced Shareholders will receive a dividend of ₹12.50. Ex-date: 21st July 2025 Payment date: 27th August 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.2%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 129% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2025 earnings released: EPS: ₹42.00 (vs ₹44.91 in FY 2024) Full year 2025 results: EPS: ₹42.00 (down from ₹44.91 in FY 2024). Revenue: ₹49.2b (up 28% from FY 2024). Net income: ₹1.19b (down 3.7% from FY 2024). Profit margin: 2.4% (down from 3.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Thangamayil Jewellery Limited, Annual General Meeting, Jul 28, 2025 Thangamayil Jewellery Limited, Annual General Meeting, Jul 28, 2025. Location: 124, nethaji road, madurai - 625001, madurai India Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,810, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 33x in the Specialty Retail industry in India. Total returns to shareholders of 223% over the past three years. New Risk • Feb 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: ₹17.56 (vs ₹10.21 in 3Q 2024) Third quarter 2025 results: EPS: ₹17.56 (up from ₹10.21 in 3Q 2024). Revenue: ₹11.3b (up 27% from 3Q 2024). Net income: ₹481.9m (up 72% from 3Q 2024). Profit margin: 4.3% (up from 3.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,064, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 44x in the Specialty Retail industry in India. Total returns to shareholders of 295% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,624 per share. Buy Or Sell Opportunity • Feb 05
Now 27% overvalued The stock has been flat over the last 90 days, currently trading at ₹2,064. The fair value is estimated to be ₹1,624, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 172% in the next 2 years. Announcement • Jan 28
Thangamayil Jewellery Limited to Report Q3, 2025 Results on Feb 05, 2025 Thangamayil Jewellery Limited announced that they will report Q3, 2025 results at 9:08 AM, Indian Standard Time on Feb 05, 2025 Buy Or Sell Opportunity • Jan 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to ₹1,720. The fair value is estimated to be ₹2,176, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 172% in the next 2 years. Buy Or Sell Opportunity • Nov 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to ₹1,981. The fair value is estimated to be ₹2,485, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 181% in the next 2 years. Reported Earnings • Nov 07
Second quarter 2025 earnings released: ₹6.36 loss per share (vs ₹3.06 profit in 2Q 2024) Second quarter 2025 results: ₹6.36 loss per share (down from ₹3.06 profit in 2Q 2024). Revenue: ₹11.8b (up 19% from 2Q 2024). Net loss: ₹174.4m (down 308% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Thangamayil Jewellery Limited to Report Q2, 2025 Results on Nov 06, 2024 Thangamayil Jewellery Limited announced that they will report Q2, 2025 results on Nov 06, 2024 Price Target Changed • Oct 10
Price target increased by 12% to ₹2,498 Up from ₹2,237, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,523. Stock is up 70% over the past year. The company is forecast to post earnings per share of ₹59.50 for next year compared to ₹44.91 last year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,227, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 44x in the Specialty Retail industry in India. Total returns to shareholders of 334% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,043 per share. Announcement • Jul 26
Thangamayil Jewellery Limited Approves Board Appointments Thangamayil Jewellery Limited at its AGM held on July 25, 2024 approved appointment of Mr. N.Jegatheesan and Mr.K.Thirupathirajan as a independent directors. Announcement • Jul 25
Thangamayil Jewellery Limited Announces Final Dividend, Payable on or Before August 20, 2024 Thangamayil Jewellery Limited announced that at its AGM held on July 25, 2024, the shareholders of the company passed a resolution for payment of Final dividend at INR 6.00 per share of Face value of INR 10 per Equity share (60%) and the same will be paid on or before 20th August, 2024. Announcement • Jul 16
Thangamayil Jewellery Limited to Report Q1, 2025 Results on Jul 25, 2024 Thangamayil Jewellery Limited announced that they will report Q1, 2025 results on Jul 25, 2024 Upcoming Dividend • Jul 11
Upcoming dividend of ₹6.00 per share Eligible shareholders must have bought the stock before 18 July 2024. Payment date: 24 August 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.1%). Reported Earnings • Jul 06
Full year 2024 earnings released: EPS: ₹44.91 (vs ₹29.06 in FY 2023) Full year 2024 results: EPS: ₹44.91 (up from ₹29.06 in FY 2023). Revenue: ₹38.3b (up 21% from FY 2023). Net income: ₹1.23b (up 55% from FY 2023). Profit margin: 3.2% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹1,689, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 46x in the Specialty Retail industry in India. Total returns to shareholders of 324% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,410, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 42x in the Specialty Retail industry in India. Total returns to shareholders of 255% over the past three years. Announcement • May 23
Thangamayil Jewellery Limited, Annual General Meeting, Jul 25, 2024 Thangamayil Jewellery Limited, Annual General Meeting, Jul 25, 2024. Reported Earnings • May 21
Full year 2024 earnings released: EPS: ₹44.91 (vs ₹29.06 in FY 2023) Full year 2024 results: EPS: ₹44.91 (up from ₹29.06 in FY 2023). Revenue: ₹38.3b (up 22% from FY 2023). Net income: ₹1.23b (up 55% from FY 2023). Profit margin: 3.2% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
Thangamayil Jewellery Limited to Report Fiscal Year 2024 Results on May 20, 2024 Thangamayil Jewellery Limited announced that they will report fiscal year 2024 results on May 20, 2024 Buy Or Sell Opportunity • Apr 23
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to ₹1,333. The fair value is estimated to be ₹1,110, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 4.2% to ₹1,310. The fair value is estimated to be ₹1,086, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Feb 29
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at ₹1,370. The fair value is estimated to be ₹1,115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Feb 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to ₹1,383. The fair value is estimated to be ₹1,126, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Upcoming Dividend • Feb 05
Upcoming dividend of ₹4.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 12 February 2024. Payment date: 25 February 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.2%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹10.21 (vs ₹5.02 in 3Q 2023) Third quarter 2024 results: EPS: ₹10.21 (up from ₹5.02 in 3Q 2023). Revenue: ₹8.96b (up 21% from 3Q 2023). Net income: ₹280.0m (up 103% from 3Q 2023). Profit margin: 3.1% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
Thangamayil Jewellery Limited Approves Interim Dividend for the Financial Year Ending 31St March, 2024, Payable on or Before 25Th February, 2024 The board of directors of Thangamayil Jewellery Limited at its meeting held on February 1, 2024, has approved payment of interim dividend @ INR 4.00/- per share of face value of INR 10/- each (40%) for the financial year ending 31st March, 2024. Pursuant to Regulation 42 of the LODR Regulations, the interim dividend will be paid to those shareholders whose names appear in the Register of Members and /or Depositories as on 12th February, 2024, being the Record Date fixed by the Company as informed vide letter dated 22nd January, 2024. The interim dividend will be paid to the shareholders on or before 25th February, 2024. Announcement • Jan 22
Thangamayil Jewellery Limited to Report Q3, 2024 Results on Feb 01, 2024 Thangamayil Jewellery Limited announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹3.06 (vs ₹5.82 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.06 (down from ₹5.82 in 2Q 2023). Revenue: ₹9.93b (up 22% from 2Q 2023). Net income: ₹83.9m (down 47% from 2Q 2023). Profit margin: 0.8% (down from 2.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 20
Thangamayil Jewellery Limited to Report Q2, 2024 Results on Nov 01, 2023 Thangamayil Jewellery Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,457, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 43x in the Specialty Retail industry in India. Total returns to shareholders of 674% over the past three years. New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (1.8% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Jul 25
First quarter 2024 earnings released: EPS: ₹21.36 (vs ₹6.92 in 1Q 2023) First quarter 2024 results: EPS: ₹21.36 (up from ₹6.92 in 1Q 2023). Revenue: ₹9.59b (up 16% from 1Q 2023). Net income: ₹586.1m (up 209% from 1Q 2023). Profit margin: 6.1% (up from 2.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Thangamayil Jewellery Limited to Report Q1, 2024 Results on Jul 24, 2023 Thangamayil Jewellery Limited announced that they will report Q1, 2024 results on Jul 24, 2023 Announcement • Jul 06
Thangamayil Jewellery Limited Announces Final Dividend, Will Be Paid on or Before 25Th July, 2023 Thangamayil Jewellery Limited announced that at the 23rd Annual General Meeting held on 05.07.2023, the Shareholders of the company passed a resolution for payment of Final dividend @ INR 6.00/- per share of Face value of INR 10 per Equity share (60%) and the same will be paid on or before 25th July, 2023. Upcoming Dividend • Jun 20
Upcoming dividend of ₹6.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 23 August 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.3%). Reported Earnings • May 23
Full year 2023 earnings released: EPS: ₹58.13 (vs ₹28.09 in FY 2022) Full year 2023 results: EPS: ₹58.13 (up from ₹28.09 in FY 2022). Revenue: ₹31.6b (up 44% from FY 2022). Net income: ₹797.4m (up 107% from FY 2022). Profit margin: 2.5% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 11
Thangamayil Jewellery Limited to Report Fiscal Year 2023 Results on May 22, 2023 Thangamayil Jewellery Limited announced that they will report fiscal year 2023 results on May 22, 2023 Reported Earnings • Jan 25
Third quarter 2023 earnings released: EPS: ₹10.04 (vs ₹8.25 in 3Q 2022) Third quarter 2023 results: EPS: ₹10.04 (up from ₹8.25 in 3Q 2022). Revenue: ₹7.44b (up 18% from 3Q 2022). Net income: ₹137.7m (up 22% from 3Q 2022). Profit margin: 1.9% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
Thangamayil Jewellery Limited Declares Interim Dividend for the Financial Year Ending March 31, 2023, Payable on or before February 20, 2023 Thangamayil Jewellery Limited announced that at the board meeting held on January 23, 2023, the company approved the payment of interim dividend is INR 6.00/- per share of face value of INR 10/- each (60%) for the financial year ending March 31, 2023. The interim dividend will be paid to the shareholders on or before 20th February, 2023. Pursuant to Regulation 42 of the LODR Regulations, the interim dividend will be paid to those shareholders whose names appear in the Register of Members and /or Depositories as on 01st February, 2023 (Wednesday), being the Record Date fixed by the Company as informed vide letter dated 13th January 2023. Announcement • Jan 14
Thangamayil Jewellery Limited to Report Q3, 2023 Results on Jan 23, 2023 Thangamayil Jewellery Limited announced that they will report Q3, 2023 results on Jan 23, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director V. Muthu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 19
Second quarter 2023 earnings released: EPS: ₹11.63 (vs ₹19.47 in 2Q 2022) Second quarter 2023 results: EPS: ₹11.63 (down from ₹19.47 in 2Q 2022). Revenue: ₹8.13b (up 16% from 2Q 2022). Net income: ₹159.5m (down 40% from 2Q 2022). Profit margin: 2.0% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director V. Muthu was the last independent director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 20
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 27 July 2022. Payment date: 03 September 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.8%). Higher than average of industry peers (0.4%). 
