NSEI:THANGAMAYL

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Thangamayil Jewellery

Executive Summary

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


Snowflake Analysis

Second-rate dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

How has Thangamayil Jewellery's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: THANGAMAYL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

THANGAMAYL

-1.7%

IN Specialty Retail

-0.6%

IN Market


1 Year Return

11.2%

THANGAMAYL

-66.7%

IN Specialty Retail

2.2%

IN Market

Return vs Industry: THANGAMAYL exceeded the Indian Specialty Retail industry which returned -66.2% over the past year.

Return vs Market: THANGAMAYL exceeded the Indian Market which returned 1.1% over the past year.


Shareholder returns

THANGAMAYLIndustryMarket
7 Day-0.8%-1.7%-0.6%
30 Day2.7%-13.5%0.2%
90 Day30.0%-12.6%6.7%
1 Year13.2%11.2%-64.4%-66.7%3.9%2.2%
3 Year-8.9%-12.6%-85.3%-85.5%2.6%-2.4%
5 Year110.9%100.0%-71.6%-72.2%41.3%30.8%

Price Volatility Vs. Market

How volatile is Thangamayil Jewellery's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Thangamayil Jewellery undervalued compared to its fair value and its price relative to the market?

19.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: THANGAMAYL (₹382.75) is trading above our estimate of fair value (₹37.51)

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


Price To Earnings Ratio

PE vs Industry: THANGAMAYL is poor value based on its PE Ratio (19.9x) compared to the IN Specialty Retail industry average (17.2x).

PE vs Market: THANGAMAYL is poor value based on its PE Ratio (19.9x) compared to the Indian market (16.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: THANGAMAYL is overvalued based on its PB Ratio (2.5x) compared to the IN Specialty Retail industry average (0.8x).


Next Steps

Future Growth

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

21.2%

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.


Next Steps

Past Performance

How has Thangamayil Jewellery performed over the past 5 years?

39.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: THANGAMAYL has high quality earnings.

Growing Profit Margin: THANGAMAYL's current net profit margins (2%) are lower than last year (2.1%).


Past Earnings Growth Analysis

Earnings Trend: THANGAMAYL has become profitable over the past 5 years, growing earnings by 39.3% per year.

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 (-19.5%) over the past year, making it difficult to compare to the Specialty Retail industry average (52.3%).


Return on Equity

High ROE: THANGAMAYL's Return on Equity (12%) is considered low.


Next Steps

Financial Health

How is Thangamayil Jewellery's financial position?


Financial Position Analysis

Short Term Liabilities: THANGAMAYL's short term assets (₹6.2B) exceed its short term liabilities (₹4.3B).

Long Term Liabilities: THANGAMAYL's short term assets (₹6.2B) exceed its long term liabilities (₹636.8M).


Debt to Equity History and Analysis

Debt Level: THANGAMAYL's debt to equity ratio (113.4%) is considered high.

Reducing Debt: THANGAMAYL's debt to equity ratio has reduced from 142.7% to 113.4% 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 not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: THANGAMAYL's dividend (1.31%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: THANGAMAYL's dividend (1.31%) is low compared to the top 25% of dividend payers in the Indian market (2.3%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26%), THANGAMAYL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.9yrs

Average board tenure


CEO

Balarama Das (63 yo)

no data

Tenure

₹7,200,000

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 ($USD98.04K) is above average for companies of similar size in the Indian market ($USD56.15K).

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


Board Members

NamePositionTenureCompensationOwnership
Balarama Das
Founderno data₹7.20m20.1%
₹ 1.0b
Balusamy Darmini
Founder20.58yrs₹7.20m20.71%
₹ 1.1b
N. Kumar
Joint MD & Whole-Time Director20.58yrs₹7.20m20.2%
₹ 1.0b
S. Rethinavelu
Non-Executive Independent Director13.08yrs₹30.00kno data
Lalji Vora
Non Executive Independent Director13.08yrs₹25.00k0.00073%
₹ 37.9k
V. Muthu
Non-Executive Independent Director12.92yrs₹20.00kno data
Yamuna Vasini Dasi
Non-Executive Director5.67yrs₹25.00k0.15%
₹ 7.6m
V. Ramasamy
Non-Executive Independent Director4.42yrs₹5.00kno data
Sivanandi Chandrasekaran
Independent Director0.58yr₹5.00kno data
Rajakumari Jeevagan
Woman Independent Director0.083yrno datano data

12.9yrs

Average Tenure

63yo

Average Age

Experienced Board: THANGAMAYL's board of directors are seasoned and experienced ( 12.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: THANGAMAYL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Thangamayil Jewellery Limited
  • Ticker: THANGAMAYL
  • Exchange: NSEI
  • Founded: 1947
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: ₹5.191b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THANGAMAYLNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2010
533158BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2010

Biography

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 manu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:55
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.