Thangamayil Jewellery Ltd Hits All-Time High, Marking a Milestone in Market Performance

Record-Breaking Price Movement

On 7 January 2026, Thangamayil Jewellery Ltd’s shares touched an intraday high of ₹3,557.50, marking a 2.18% increase during the trading session. The stock closed near its 52-week high, just 1.29% shy of the peak price of ₹3,599. This achievement comes after a three-day consecutive gain period, during which the stock delivered an impressive 11.84% return. The day’s closing price represented a 4.40% gain, outperforming the Sensex which declined marginally by 0.10% on the same day.

The stock’s upward momentum is further supported by its position above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong bullish trend. Despite the broader Diamond & Gold Jewellery sector gaining 3.48%, Thangamayil Jewellery’s performance remains notable given its sustained outperformance over multiple time frames.

Consistent Outperformance Against Benchmarks

Thangamayil Jewellery Ltd has demonstrated remarkable returns over various periods, significantly outpacing the broader market indices. Over the past year, the stock has surged by 82.97%, compared to the Sensex’s 8.67% gain. The company’s three-year return stands at an extraordinary 599.83%, dwarfing the Sensex’s 41.87% over the same period. Even over a decade, the stock has delivered a staggering 3,310.26% return, far exceeding the Sensex’s 241.94% growth.

Shorter-term performance also highlights the stock’s strength, with a 1-month return of 12.71% and a 1-week gain of 12.99%, both substantially outperforming the Sensex’s negative returns in these periods. Year-to-date, the stock has maintained a 12.99% gain, while the Sensex has declined by 0.28%.

Financial Strength and Growth Metrics

The company’s financials underpin its market performance. Thangamayil Jewellery Ltd reported its highest quarterly net sales at ₹1,710.90 crore and a record quarterly PBDIT of ₹105.65 crore. The net profit growth rate stands at a robust 28%, with the company declaring positive results for four consecutive quarters, culminating in very positive results in September 2025.

Management efficiency remains a key strength, with a return on capital employed (ROCE) of 16.15%, reflecting effective utilisation of capital resources. The company’s operating profit has grown at an annual rate of 21.61%, while net sales have expanded at a compound annual growth rate of 35.44%. These figures highlight a healthy long-term growth trajectory.

Dividend payments have also reached new heights, with the highest annual dividend per share declared at ₹12.50, signalling a shareholder-friendly approach alongside growth.

Institutional Investor Participation

Institutional investors have increased their stake by 0.54% over the previous quarter, now collectively holding 19.86% of the company’s shares. This growing institutional interest reflects confidence in the company’s fundamentals and governance, given their superior analytical capabilities compared to retail investors.

Valuation and Risk Considerations

While the company’s ROCE remains strong at 14.6%, valuation metrics indicate a relatively expensive position with an enterprise value to capital employed ratio of 5.7. However, the stock trades at a discount compared to its peers’ average historical valuations, suggesting some valuation cushion.

Profit growth over the past year has outpaced stock returns, with profits rising by 92.8% against an 82.97% stock price increase. This results in a price-to-earnings-to-growth (PEG) ratio of 0.8, which is generally considered attractive for growth stocks.

Sector and Market Context

Operating within the Gems, Jewellery and Watches sector, Thangamayil Jewellery Ltd has consistently outperformed its peers and the broader market. The sector itself has seen gains, with the Diamond & Gold Jewellery segment rising by 3.48%, yet Thangamayil Jewellery’s returns have been markedly superior across multiple time horizons.

The company holds a Mojo Score of 78.0 and a current Mojo Grade of Buy, following a downgrade from Strong Buy on 18 November 2025. Its market capitalisation grade stands at 3, reflecting its position as a small-cap entity with significant growth potential and market recognition.

Summary of Key Performance Indicators

To summarise, Thangamayil Jewellery Ltd’s key metrics include:

• Highest quarterly net sales: ₹1,710.90 crore


• Highest quarterly PBDIT: ₹105.65 crore


• Annual dividend per share: ₹12.50


• Return on capital employed: 16.15%


• Net profit growth rate: 28%


• Institutional shareholding: 19.86%


• PEG ratio: 0.8

These figures collectively illustrate a company that has not only achieved a historic stock price milestone but has done so on the back of solid financial discipline and consistent growth.

Conclusion

Thangamayil Jewellery Ltd’s ascent to an all-time high price is a testament to its sustained operational and financial strength within the Gems, Jewellery and Watches sector. The company’s impressive returns over multiple time frames, coupled with strong management efficiency and growing institutional participation, have underpinned this landmark achievement. While valuation metrics suggest a premium, the company’s growth fundamentals and consistent profitability provide a comprehensive picture of its market standing as of early 2026.

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