company background image
THAN

Thangamayil Jewellery NSEI:THANGAMAYL Stock Report

Last Price

₹969.65

Market Cap

₹13.3b

7D

4.0%

1Y

17.5%

Updated

03 Jul, 2022

Data

Company Financials
THANGAMAYL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends3/6

THANGAMAYL Stock Overview

Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India.

Thangamayil Jewellery Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Thangamayil Jewellery
Historical stock prices
Current Share Price₹969.65
52 Week High₹1,517.05
52 Week Low₹789.00
Beta1.03
1 Month Change-3.92%
3 Month Change-12.59%
1 Year Change17.48%
3 Year Change210.64%
5 Year Change301.51%
Change since IPO1,303.26%

Recent News & Updates

Shareholder Returns

THANGAMAYLIN Specialty RetailIN Market
7D4.0%4.8%0.6%
1Y17.5%39.1%-0.3%

Return vs Industry: THANGAMAYL underperformed the Indian Specialty Retail industry which returned 39.1% over the past year.

Return vs Market: THANGAMAYL exceeded the Indian Market which returned -0.3% over the past year.

Price Volatility

Is THANGAMAYL's price volatile compared to industry and market?
THANGAMAYL volatility
THANGAMAYL Average Weekly Movement4.8%
Specialty Retail Industry Average Movement6.1%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.4%

Stable Share Price: THANGAMAYL is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: THANGAMAYL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19471,617Balarama Dashttps://www.thangamayil.com

Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, and platinum jewelries, as well as silver articles, bars, and coins. It also manufactures jewelry and other accessories and products.

Thangamayil Jewellery Fundamentals Summary

How do Thangamayil Jewellery's earnings and revenue compare to its market cap?
THANGAMAYL fundamental statistics
Market Cap₹13.30b
Earnings (TTM)₹385.43m
Revenue (TTM)₹21.93b

34.5x

P/E Ratio

0.6x

P/S Ratio

Is THANGAMAYL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
THANGAMAYL income statement (TTM)
Revenue₹21.93b
Cost of Revenue₹19.95b
Gross Profit₹1.98b
Other Expenses₹1.59b
Earnings₹385.43m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)28.09
Gross Margin9.01%
Net Profit Margin1.76%
Debt/Equity Ratio125.4%

How did THANGAMAYL perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

36%

Payout Ratio

Does THANGAMAYL pay a reliable dividends?

See THANGAMAYL dividend history and benchmarks
When do you need to buy THANGAMAYL by to receive an upcoming dividend?
Thangamayil Jewellery dividend dates
Ex Dividend DateJul 27 2022
Dividend Pay DateSep 03 2022
Days until Ex dividend23 days
Days until Dividend pay date61 days

Does THANGAMAYL pay a reliable dividends?

See THANGAMAYL dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is THANGAMAYL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for THANGAMAYL?

Other financial metrics that can be useful for relative valuation.

THANGAMAYL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA16.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does THANGAMAYL's PE Ratio compare to its peers?

THANGAMAYL PE Ratio vs Peers
The above table shows the PE ratio for THANGAMAYL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.1x
534369 Tribhovandas Bhimji Zaveri
21.3xn/a₹4.3b
540205 Aditya Vision
25xn/a₹9.1b
ETHOSLTD Ethos
78.4xn/a₹18.3b
540425 Shankara Building Products
43.7xn/a₹15.0b
THANGAMAYL Thangamayil Jewellery
34.5xn/a₹13.3b

Price-To-Earnings vs Peers: THANGAMAYL is good value based on its Price-To-Earnings Ratio (34.5x) compared to the peer average (42.1x).


Price to Earnings Ratio vs Industry

How does THANGAMAYL's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

Price-To-Earnings vs Industry: THANGAMAYL is good value based on its Price-To-Earnings Ratio (34.5x) compared to the Indian Specialty Retail industry average (40.5x)


Price to Earnings Ratio vs Fair Ratio

What is THANGAMAYL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

THANGAMAYL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate THANGAMAYL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of THANGAMAYL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: THANGAMAYL (₹969.65) is trading above our estimate of fair value (₹123.34)

Significantly Below Fair Value: THANGAMAYL is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate THANGAMAYL's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Thangamayil Jewellery forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.8%

Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thangamayil Jewellery has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of THANGAMAYL’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Thangamayil Jewellery competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Thangamayil Jewellery performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: THANGAMAYL has a high level of non-cash earnings.

Growing Profit Margin: THANGAMAYL's current net profit margins (1.8%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: THANGAMAYL's earnings have grown significantly by 26.7% per year over the past 5 years.

Accelerating Growth: THANGAMAYL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: THANGAMAYL had negative earnings growth (-55.5%) over the past year, making it difficult to compare to the Specialty Retail industry average (44.4%).


Return on Equity

High ROE: THANGAMAYL's Return on Equity (11.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Thangamayil Jewellery's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: THANGAMAYL's short term assets (₹8.0B) exceed its short term liabilities (₹4.7B).

Long Term Liabilities: THANGAMAYL's short term assets (₹8.0B) exceed its long term liabilities (₹1.2B).


Debt to Equity History and Analysis

Debt Level: THANGAMAYL's net debt to equity ratio (120.3%) is considered high.

Reducing Debt: THANGAMAYL's debt to equity ratio has increased from 79% to 125.4% over the past 5 years.

Debt Coverage: THANGAMAYL's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: THANGAMAYL's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Thangamayil Jewellery current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.03%

Current Dividend Yield

Upcoming Dividend Payment

TodayJul 03 2022Ex Dividend DateJul 27 2022Dividend Pay DateSep 03 202238 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: THANGAMAYL's dividend (1.03%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: THANGAMAYL's dividend (1.03%) is low compared to the top 25% of dividend payers in the Indian market (1.86%).


Stability and Growth of Payments

Stable Dividend: THANGAMAYL's dividend payments have been volatile in the past 10 years.

Growing Dividend: THANGAMAYL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.6%), THANGAMAYL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: THANGAMAYL is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

14.8yrs

Average board tenure


CEO

Balarama Das (65 yo)

no data

Tenure

₹5,400,000

Compensation

Mr. Balarama Govinda Das founded Thangamayil Jewellery Limited and serves as its Managing Director and Chairman. Mr. Das is in the business of Manufacturing and Trading of Gold and Diamond jewellery for mo...


CEO Compensation Analysis

Compensation vs Market: Balarama's total compensation ($USD68.43K) is below average for companies of similar size in the Indian market ($USD194.34K).

Compensation vs Earnings: Balarama's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: THANGAMAYL's board of directors are seasoned and experienced ( 14.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Thangamayil Jewellery Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Thangamayil Jewellery Limited
  • Ticker: THANGAMAYL
  • Exchange: NSEI
  • Founded: 1947
  • Industry: Specialty Stores
  • Sector: Retail
  • Implied Market Cap: ₹13.303b
  • Shares outstanding: 13.72m
  • Website: https://www.thangamayil.com

Number of Employees


Location

  • Thangamayil Jewellery Limited
  • No.25/6, Palami Center
  • 2nd & 3rd Floors
  • Madurai
  • Tamil Nadu
  • 625014
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.