Thangamayil Jewellery share price
NSE: THANGAMAYLBSE: 533158Consumer DurablesSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹4,680.50.
29 Oct: open ₹4,681.00, high ₹4,681.50, low ₹4,570.00
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,393 Cr495th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 36.81
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.16
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 31.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 25.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.58
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 37,64247.5% delivered
About Thangamayil Jewellery
Thangamayil Jewellery Limited is a Madurai-based jewellery retailer that sells gold jewellery, silver articles, and diamond and platinum jewellery to individual customers through its showrooms and an online store.123 It also designs and makes jewellery to customers' requirements, and runs schemes under which customers pay in advance and redeem the amount as jewellery.34 It operates only in Tamil Nadu and does not export.53
Its products and services include the Thangamayil DigiGold and Thangamayil DigiSilver digital savings plans, the Smart Gold, Super Gold and Future Plus schemes, and corporate gifting.6 It reports a single business segment covering gold jewellery, diamonds and silver articles.7 It leases its showrooms rather than buying property, and does not use franchisees.85
It was incorporated in 2000 and its shares are listed on the National Stock Exchange and BSE.91 It entered Chennai, its first metro city, in 2025, and raised ₹510 crore through a rights issue (an offer of new shares to existing shareholders) in March 2025.1011 Its chairman and managing director, Balarama Govinda Das, and its joint managing directors, Ba. Ramesh and N.B. Kumar, are promoters and brothers.1213 The promoters held 61.61% of the shares at the end of Mar 2026.14
Thangamayil Jewellery key points
Results
- In the year to Mar 2026, revenue was ₹8,49,933 lakh, up 73% from ₹4,91,058 lakh a year earlier; revenue and profit after tax were the highest in the company's history.1516
- EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹57,674 lakh in the year to Mar 2026, against ₹22,468 lakh a year earlier, and profit after tax was ₹35,165 lakh, against ₹11,871 lakh.15
- The EBITDA margin rose to 6.79% in the year to Mar 2026 from 4.58% a year earlier.17
- Sales volume rose 12.30% in the year to Mar 2026, while the gold price rose 58% year on year.18
Revenue mix
- Share of turnover by product19
Item year to Mar 2026 Gold jewellery 89.80% Silver articles 6.75% Diamond, stones and others 3.45%
Branches and reach
- The company opened 10 outlets in the year to Mar 2026, and all its retail outlets, including the new Chennai Metro outlets, were profitable at the EBITDA level.20
- Revenue from Chennai Metro was ₹1,485 crore in the year to Mar 2026, and Chennai contributed nearly 20% of total revenue on an annualised basis.2122
- Urban areas contributed 41.93% of the company's sales in the year to Mar 2026, against 30.62% a year earlier.23
Customer schemes and hedging
- Advances customers paid under the company's jewellery purchase schemes, redeemable as jewellery within 11 months, stood at ₹1,41,887.34 lakh at the end of Mar 2026, against ₹60,744.34 lakh a year earlier.24
- The customer schemes held an accumulated 1,168 kg of gold at the end of Mar 2026, against 849 kg a year earlier.25
- In its chairman's letter of 15 May 2026, the company said old gold that customers exchange for new jewellery was 50% to 60% of its then current sales, against a historic average of around 25%.26
- Hedging against gold price swings stood at 95% in aggregate in the year to Mar 2026, against 96% a year earlier, through gold metal loans (gold lent by banks at low interest) and customer advances, with part of other stock hedged on the MCX exchange.27
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it plans at least 9 new outlets in and around Chennai in the year to Mar 2027, costing around ₹600 crore, completing its second expansion phase by 31 Dec 2026.2829
- The company stated in its annual report for the year to Mar 2026 that it expects to operate in at least 20 locations in and around Chennai by 2027, and Chennai's share of revenue to reach 25% in the year to Mar 2028.3031
- The company stated in its annual report for the year to Mar 2026 that it aims to have at least 100 retail outlets operating in Tamil Nadu by 2030.32
What the company expects
- The company stated in its annual report for the year to Mar 2026 that, subject to unforeseen circumstances, it aims for revenue growth of around 18% a year at constant gold and silver prices, and profit growth of around 20% a year.33
- The company stated in its annual report for the year to Mar 2026 that, subject to unforeseen circumstances, it aims to sustain a return on equity (profit as a share of shareholders' funds) of 24% or more.34
- The company stated in its annual report for the year to Mar 2026 that the rise in gold and silver import duty from 6% to 15% on 13 May 2026 may bring inventory gains (higher value on stock held) of around ₹60 crore.35
Recent events
- On 29 Jun 2026, ICRA reaffirmed its A+ (Stable) credit rating (an opinion on the ability to repay debt) on the company's fixed deposit programme, and rated its ₹1,412 crore of bank working-capital limits A+ (Stable)/A1, including an enhanced amount.363738
- On 15 May 2026, the board recommended a dividend of ₹18 per share of ₹10 face value for the year to Mar 2026, for approval at the annual general meeting of 29 Jul 2026; the company's documents give no outcome.3940
Litigation and regulatory matters
- As of its annual report of 6 Oct 2026, the company's appeal against a ₹7,017 lakh income tax demand for assessment year 2021-22 (the year in which the previous year's income is taxed) was pending before the Commissioner (Appeals), and payment was stayed in full.41
- As of its annual report of 6 Oct 2026, the company had appealed to the Customs, Excise and Service Tax Appellate Tribunal against a ₹274 lakh demand for excise on gold coins and silver jewellery and service tax credit, covering Mar 2016 to Jun 2017.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 6 Oct 2026, page 157
- 2. Annual report, 6 Oct 2026, page 75
- 3. Annual report, 6 Oct 2026, page 81
- 4. Annual report, 6 Oct 2026, page 159
- 5. Annual report, 6 Oct 2026, page 22
- 6. Annual report, 6 Oct 2026, page 82
- 7. Annual report, 6 Oct 2026, page 184
- 8. Annual report, 6 Oct 2026, page 23
- 9. Annual report, 6 Oct 2026, page 4
- 10. Annual report, 6 Oct 2026, page 21
- 11. Annual report, 6 Oct 2026, page 27
- 12. Annual report, 6 Oct 2026, page 57
- 13. Annual report, 6 Oct 2026, page 123
- 14. Annual report, 6 Oct 2026, page 137
- 15. Annual report, 6 Oct 2026, page 13
- 16. Annual report, 6 Oct 2026, page 43
- 17. Annual report, 6 Oct 2026, page 32
- 18. Annual report, 6 Oct 2026, page 16
- 19. Annual report, 6 Oct 2026, page 81
- 20. Annual report, 6 Oct 2026, page 43
- 21. Annual report, 6 Oct 2026, page 25
- 22. Annual report, 6 Oct 2026, page 43
- 23. Annual report, 6 Oct 2026, page 14
- 24. Annual report, 6 Oct 2026, page 174
- 25. Annual report, 6 Oct 2026, page 185
- 26. Annual report, 6 Oct 2026, page 15
- 27. Annual report, 6 Oct 2026, page 44
- 28. Annual report, 6 Oct 2026, page 43
- 29. Annual report, 6 Oct 2026, page 14
- 30. Annual report, 6 Oct 2026, page 22
- 31. Annual report, 6 Oct 2026, page 43
- 32. Annual report, 6 Oct 2026, page 17
- 33. Annual report, 6 Oct 2026, page 17
- 34. Annual report, 6 Oct 2026, page 17
- 35. Annual report, 6 Oct 2026, page 15
- 36. Exchange filing, 29 Jun 2026, page 2
- 37. Exchange filing, 29 Jun 2026, page 4
- 38. Annual report, 6 Oct 2026, page 43
- 39. Annual report, 6 Oct 2026, page 43
- 40. Annual report, 6 Oct 2026, page 2
- 41. Annual report, 6 Oct 2026, page 180
- 42. Annual report, 6 Oct 2026, page 180
Results
Standalone; ₹ crore.Thangamayil Jewellery quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +83.1%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +262.5%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,662 Crdown 6.19%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹85 Crdown 40.35%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.2%
Revenue by quarter
Net profit by quarter, a loss in red
- Net profit
- Loss
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,178 | 1,132 | 1,381 | 1,555 | 1,705 | 2,401 | 2,838 | 2,662 |
| Net profit | −17 | 48 | 31 | 46 | 59 | 105 | 143 | 85 |
| Net margin | −1.5% | 4.3% | 2.3% | 2.9% | 3.4% | 4.4% | 5.0% | 3.2% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹8,499 Crup 73.08%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹352 Crup 196.23%
- Net margin
- 4.1%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,295 | 1,379 | 1,443 | 1,692 | 1,819 | 2,193 | 3,153 | 3,827 | 4,911 | 8,499 |
| Net profit | 14 | 23 | 30 | 46 | 87 | 39 | 80 | 123 | 119 | 352 |
| Net margin | 1.1% | 1.7% | 2.1% | 2.7% | 4.8% | 1.8% | 2.5% | 3.2% | 2.4% | 4.1% |
Business segments
In the year to Mar 2026 the company reports one business segment, THE COMPANY'S BUSINESS ACTIVITY FALLS WITH IN A SINGLE BUSINESS SEGMENT IN TERMS OF IND AS 108 ON SEGMENT REPORTING, which carries all its revenue.
Valuation
Today, against the company's own history.Thangamayil Jewellery PE ratio and valuation
At or below today's level on 74% of 2,298 trading days since May 2017.
At or below today's level on 88% of 1,914 trading days since Nov 2018.
At or below today's level on 17% of 2,431 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +71.1% | +196.2% | −42.4% | 0.5% |
| 3 years | +90.3% | +57.3% | +20.5% | 0.6% |
| 5 years | +64.4% | +29.1% | +26.7% | 0.8% |
Mutual fund holdings
60 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 3 of the 10 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 60 funds holding Thangamayil Jewellery
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 32
- AddedAdded. Funds that held more shares than at the end of the month before.
- 1
- CutCut. Funds that held fewer shares than at the end of the month before.
- 9
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 18
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
| 14,29,947 | 3.37% | ₹723.8 Cr | |
| 12,92,000 | 1.59% | ₹654.0 Cr | |
| 7,00,000 | 4.46% | ₹354.3 Cr | |
| 4,47,214 | 1.62% | ₹226.4 Cr | |
| 3,22,327 | 1.11% | ₹163.2 Cr | |
| 2,50,000 | 0.54% | ₹126.6 Cr | |
| 1,67,145 | 1.33% | ₹84.6 Cr | |
| 1,54,188 | 1.96% | ₹78.1 Cr | |
| 50,000 | 1.49% | ₹25.3 Cr | |
| 36,627 | 1.97% | ₹18.5 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.Thangamayil Jewellery insider trading
- Promoters and promoter group6 purchases, 0 sales₹7.21 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹7.21 Cr1 pledge filing of unclear kind
- Others: no market trade · 3 off-market moves
Thangamayil Jewellery competitors and peers
Gems, Jewellery And Watches, 104 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Thangamayil Jewellery in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 3,93,644 | 68.34 | 25.07 | +45.1% | +55.1% | 42.2% | 31.5% | 0.34% | |
| 53,187 | 37.06 | 8.43 | +45.7% | +79.1% | 25.8% | 31.8% | 0.49% | |
| 19,861 | – | – | – | – | – | – | 0.00% | |
| 15,663 | 17.48 | 1.69 | +29.3% | +45.9% | 10.8% | 9.4% | 0.00% | |
| 13,574 | 34.29 | 9.66 | +73.0% | – | 32.4% | 24.8% | 0.00% | |
| 10,547 | 100.61 | 5.74 | – | – | 6.0% | 9.6% | 0.00% | |
| 8,592 | 17.63 | 3.00 | +50.7% | +64.3% | 21.4% | 14.5% | 0.00% | |
| 6,726 | 64.45 | 4.52 | +30.4% | +12.8% | 8.4% | 7.6% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Thangamayil Jewellery dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 22 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹18.00 |
| 21 Jul 2025 | Final | ₹12.50 |
| 18 Jul 2024 | Final | ₹6.00 |
| 12 Feb 2024 | Interim | ₹4.00 |
| 27 Jun 2023 | Final | ₹6.00 |
| 1 Feb 2023 | Interim | ₹6.00 |
Latest announcements
Routine notices left out.Thangamayil Jewellery announcements
Oct 2026
26 Oct · Board meeting
Sep 2026
Aug 2026
Thangamayil Jewellery share price by year
Each calendar year to 2025.Thangamayil Jewellery share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,222.10 | +64.3% | 3,426.40 | 1,552.55 |
| 2024 | 1,961.65 | +31.5% | 2,595.70 | 1,149.50 |
| 2023 | 1,491.35 | +172.5% | 1,516.90 | 495.75 |
| 2022 | 547.23 | −20.4% | 693.35 | 465.08 |
| 2021 | 687.78 | +129.5% | 712.55 | 292.58 |
| 2020 | 299.65 | +71.3% | 303.95 | 112.80 |
| 2019 | 174.93 | −7.8% | 196.40 | 136.03 |
| 2018 | 189.80 | −37.3% | 328.20 | 145.18 |
| 2017 | 302.58 | +276.5% | 348.73 | 83.58 |
| 2016 | 80.38 | −27.5% | 158.00 | 80.00 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 4,780.00 | 4,785.00 | 4,659.00 | 4,680.50 | 4,684.16 | 23,335 | 58.8% |
| 27 Oct 2026 | 4,635.00 | 4,777.50 | 4,635.00 | 4,762.00 | 4,723.16 | 31,331 | 59.3% |
| 26 Oct 2026 | 4,651.00 | 4,689.00 | 4,590.00 | 4,634.50 | 4,636.91 | 27,167 | 55.5% |
| 23 Oct 2026 | 4,755.00 | 4,772.00 | 4,563.50 | 4,690.50 | 4,647.40 | 55,568 | 42.9% |
| 22 Oct 2026 | 4,844.00 | 4,895.50 | 4,767.00 | 4,782.50 | 4,802.16 | 23,329 | 53.2% |
| 21 Oct 2026 | 5,017.50 | 5,025.50 | 4,850.00 | 4,860.50 | 4,889.86 | 41,732 | 56.0% |
| 19 Oct 2026 | 5,122.50 | 5,175.00 | 4,997.00 | 5,017.50 | 5,083.83 | 44,639 | 36.2% |
| 16 Oct 2026 | 4,775.00 | 5,232.00 | 4,759.50 | 5,098.00 | 5,090.33 | 2,25,466 | 25.0% |
| 15 Oct 2026 | 4,849.50 | 4,851.00 | 4,775.00 | 4,791.00 | 4,810.03 | 24,763 | 52.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Feb 2025 | Rights issue | – | Shareholders were offered new shares. Noted, not adjusted for. |
| 17 Jul 2023 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Company details
- NSE symbol
- THANGAMAYL
- BSE code
- 533158
- ISIN
- INE085J01014
- Industry
- Consumer Durables
- Website
- www.thangamayil.com
- CIN
- L36911TN2000PLC044514
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2000
- Registered office
- 124, Nethaji Road, Madurai 625001, Tamil Nadu
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments