Thangamayil Jewellery Limited (THANGAMAYL) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹196B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 4 days ago
Share price −17.1% over the past month.
A solid business, but screening 61% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹4,559). The favourable scenario is already priced in.
- The model range is unusually wide (₹1,506 to ₹4,559). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹289.02 – ₹7,310 · fair‑value band ₹1,506 – ₹4,559 · the ₹5,337 price screens above the ₹2,065 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Thangamayil Jewellery Limited (THANGAMAYL) currently trades at ₹5,337, while our model-based Fair Value estimate is ₹2,065, implying the stock looks roughly 61.3% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Thangamayil Jewellery Limited generated revenue of ₹85.0B at a net margin of 4.1%. Revenue grew 105.6% year over year. It earns a return on equity of 27.9%. Net debt stands at ₹5.3B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹1,506 (bear case) to ₹4,559 (bull case); at ₹5,337, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 205% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -6% fair-value upside, at -61%, THANGAMAYL screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹3,574) versus Dividend Discount (₹201.21). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 81
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, precious stones, and platinum jewelries, as well as silver articles and gold coins. It also involved in the manufacture and sale of jewelry, and other accessories and products. In addition, the company offers gold saving schemes.
Full company description
Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, precious stones, and platinum jewelries, as well as silver articles and gold coins. It also involved in the manufacture and sale of jewelry, and other accessories and products. In addition, the company offers gold saving schemes. It provides its products through online. Thangamayil Jewellery Limited was founded in 1947 and is headquartered in Madurai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Thangamayil Jewellery Limited reported revenue of ₹85.0B in FY2026 versus ₹21.9B in FY2022, a compound +40.3%/yr. Reported net income was ₹3.5B in FY2026, compounding +73.8%/yr from FY2022.
of which total revenue +19.3 pp · buybacks/dilution −0.7 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
THANGAMAYL screens 61% overvalued. Compare with Compagnie Financière Richemont SA →
Peer Group
Luxury Goods · 137 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Luxury Goods median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Compagnie Financière Richemont SA CFR | CHF 193.70 | CHF 119.08 | -39% |
| Christian Dior SE DIO | €423.60 | €1,095 | +159% |
| Kering SA KER | €270.60 | €56.23 | -79% |
| Tapestry, Inc TPR | $153.74 | $19.95 | -87% |
| Chow Tai Fook Jewellery Group 1929 | HK$12.31 | HK$11.51 | -6% |
| The Swatch Group UHRN | CHF 37.90 | CHF 21.48 | -43% |
| Prada S.p.A 1913 | HK$42.22 | HK$64.07 | +52% |
| Pandora A/S PNDORA | kr 771.40 | kr 1,424 | +85% |
| Laopu Gold Co 6181 | HK$359.20 | HK$544.05 | +51% |
| Kalyan Jewellers India Limited KALYANKJIL | ₹596.70 | ₹238.57 | -60% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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