Strong Rally Drives New High
On 6 January 2026, Thangamayil Jewellery Ltd recorded an intraday peak of Rs.3599, representing a 7.65% increase from the previous close. This surge contributed to a day change of 5.35%, outperforming the Gems, Jewellery and Watches sector by 5.63%. The stock has demonstrated consistent strength, gaining for two consecutive sessions and delivering an 11.61% return over this period.
The stock’s price now stands well above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained upward momentum across multiple timeframes. This technical positioning underscores the stock’s resilience amid a broader market environment where the Sensex opened lower by 108.48 points and traded at 85,316.14, down 0.14%.
Outperformance Against Benchmarks
Thangamayil Jewellery Ltd’s one-year performance has been particularly notable, with an 87.84% increase compared to the Sensex’s modest 9.39% gain over the same period. The stock’s 52-week low was Rs.1526.45, highlighting the substantial appreciation in value over the past year.
Despite the Sensex approaching its own 52-week high of 86,159.02, Thangamayil Jewellery Ltd has outpaced the benchmark by a wide margin, reflecting strong company-specific factors driving investor confidence and market valuation.
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Financial Metrics Underpinning the Rally
The company’s financial health has been a key driver behind the stock’s upward trajectory. Thangamayil Jewellery Ltd reported a return on capital employed (ROCE) of 16.15%, reflecting efficient management of capital resources. Net sales have grown at an annual rate of 35.44%, while operating profit has expanded by 21.61%, signalling robust operational performance.
Net profit growth of 28% was recorded in the September 2025 quarter, marking the fourth consecutive quarter of positive results. Profit before tax excluding other income (PBT LESS OI) reached Rs.78.39 crores, growing at an impressive 112.1% compared to the previous four-quarter average. The company also declared its highest dividend per share (DPS) at Rs.12.50, reinforcing its commitment to shareholder returns.
Institutional Support and Valuation Considerations
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 participation reflects confidence in the company’s fundamentals and growth prospects.
While the stock’s valuation is relatively elevated, with an enterprise value to capital employed ratio of 5.4, it trades at a discount compared to its peers’ historical averages. The company’s price-to-earnings-to-growth (PEG) ratio stands at 0.8, indicating a valuation that is reasonable relative to its profit growth of 92.8% over the past year.
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Sector and Market Context
Operating within the Gems, Jewellery and Watches sector, Thangamayil Jewellery Ltd’s performance stands out amid a mixed market backdrop. The Sensex, while trading near its 52-week high, remains 0.99% below that peak and is currently positioned above its 50-day moving average, which itself is above the 200-day moving average – a bullish technical setup for the broader market.
Within this environment, Thangamayil Jewellery Ltd’s ability to sustain gains and reach new highs highlights its relative strength and the effectiveness of its growth strategy.
Consistent Returns and Quality Grades
Over the last three years, the stock has consistently outperformed the BSE500 index, generating returns of 87.97% in the past year alone. This performance is supported by a MarketsMOJO Mojo Score of 71.0 and a current Mojo Grade of Buy, following a recent downgrade from Strong Buy on 18 November 2025. The company holds a Market Cap Grade of 3, reflecting its mid-cap status within the sector.
These metrics underscore the stock’s quality and sustained growth trajectory, which have been recognised through multiple positive quarterly results and improving financial ratios.
Summary of Key Price and Performance Data
• New 52-week and all-time high: Rs.3599
• Day’s high intraday gain: 7.65%
• Two-day consecutive gain: 11.61%
• One-year return: 87.84%
• Sensex one-year return: 9.39%
• 52-week low: Rs.1526.45
• ROCE: 16.15%
• Net sales annual growth: 35.44%
• Operating profit growth: 21.61%
• Net profit growth (Sep 2025 quarter): 28%
• PBT LESS OI quarterly growth: 112.1%
• Dividend per share: Rs.12.50
• Institutional holding: 19.86% (up 0.54% QoQ)
• PEG ratio: 0.8
• Enterprise value to capital employed: 5.4
Thangamayil Jewellery Ltd’s recent milestone of reaching Rs.3599 as its new 52-week high is a testament to its strong financial performance and market positioning. The stock’s sustained gains, supported by solid fundamentals and growing institutional interest, have propelled it well ahead of sector peers and the broader market indices.
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