NSE: THANGAMAYL | BSE: 533158

Strong Performer, Getting Expensive

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4252.70 77.30 (1.85%)

New 52W High today

151.5K NSE+BSE Volume

NSE 15 Apr, 2026 3:31 PM (IST)

13,224.9

Market Cap

High in industry

Beta 1Year

Low volatility

Thangamayil Jewellery Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for THANGAMAYL, BSE:533158 Thangamayil Jewellery Ltd.

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Thangamayil Jewellery Ltd.

21 Jan 2026

4252.70

1.85%

Thangamayil Jewellery (HOLD): Beat on all fronts; maintain HOLD

Hold: Thangamayil Jewellery Ltd.

BOB Capital Markets Ltd.

Delivered triple-digit growth in Revenue, EBITDA, PAT. Store expansion and urban shift boost Q3FY26 performance

Thangamayil Jewellery has gained 114.59% in the last 6 Months

Thangamayil Jewellery Ltd.

03 Nov 2025

4252.70

1.85%

Thangamayil Jewellery (HOLD): Beat on all fronts; Maintain HOLD on rich valuation

Hold: Thangamayil Jewellery Ltd.

BOB Capital Markets Ltd.

Sharp earnings beat as the company managed to post positive volume growth, despite the steep rise in gold prices

Thangamayil Jewellery has gained 21.36% in the last 1 Month

Thangamayil Jewellery Ltd.

14 Feb 2019, 10:43PM

4252.70

1.85%

Thangamayil (3QFY19): Hit by a double whammy! Maintain BUY

Buy: Thangamayil Jewellery Ltd.

Target

HDFC Securities

We reiterate a BUY rating with DCF based TP of Rs 590/sh (implied P/E - 17x Dec-20E EPS). Thangamayils (TJL) net revenue grew by 8.3% missing estimates (est. growth: 18.4%) as gold volume declined (-1.5% YoY) despite shift of festive season to 3Q (missing in 3QFY18). The quarter witnessed a double-whammy of high gold prices (+8% YoY) and natural calamity (Cyclone Gaja) in Tamil Nadu region which dented gold demand.

Thangamayil Jeweller.. has an average target of 3879.00 from 1 broker.

Thangamayil Jewellery Ltd.

15 Nov 2018, 09:04AM

4252.70

1.85%

Thangamayil (2QFY19): Turnaround story intact. Maintain BUY

Buy: Thangamayil Jewellery Ltd.

HDFC Securities

We reiterate a BUY rating with DCF based TP of Rs 625/sh (implied P/E - 18x Sept-20E EPS). Thangamayils (TJL) net revenue grew by 32.5% in-line with our estimate; albeit on a favourable base (13% de-growth in base quarter due to pre-GST preponement of sales in 1QFY18). The bump up in sales is largely SSSG-led (store renovations-led) as gold/silver volume increased by 33/21% despite shift of festive season to 3Q. In spite of the strong top-line growth, gross margin cracked 37bps to 8.5% (est.: 9.9%) led by change in product mix and higher discounted sales. EBITDA margins expanded 10bps to 4.5% as op lev gains kicked in.

Thangamayil Jewellery has gained 10.10% in the last 1 Week

Thangamayil Jewellery Ltd.

01 Aug 2018

4252.70

1.85%

Thangamayil (1QFY19): Disappointing quarter. Maintain BUY

Buy: Thangamayil Jewellery Ltd.

HDFC Securities

We revise our DCF-based TP to Rs 625/sh (earlier Rs 650/sh; implied P/E - 23xFY20E EPS) on moderating expectations of growth. Reiterate BUY. Thangamayils (TJL) net revenue declined by 10.8% missing estimates (est. growth: 4.4%) as volume across products declined; albeit on a high base. (Note: base quarter comprises of a Pre-GST bump up in throughput). Gold jewellery/Silver product volumes declined 9/2% YoY respectively. Despite the top-line disappointment, TJL managed to more than salvage margins led by better product mix. Gross/EBITDA margins expanded 110bp each to 9.7/5.7%.

Thangamayil Jewellery has gained 21.36% in the last 1 Month

Is Thangamayil Jewellery Ltd. worth buying?

118 Votes:

Buy 80.51%

Sell 11.86%

Hold 7.63%

RESEARCH REPORTS

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