Record-Breaking Stock Performance
On 6 January 2026, Thangamayil Jewellery Ltd’s share price touched an intraday high of ₹3,497, marking a 4.6% increase on the day and closing just 1.88% shy of its 52-week high of ₹3,535.35. The stock outperformed its sector by 3.56% and the broader Sensex index, which declined by 0.17% on the same day. This marks the continuation of a positive momentum, with the stock gaining 5.92% in a single day and delivering a 9.22% return over the last two consecutive trading sessions.
Thangamayil Jewellery Ltd is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong upward trend and investor confidence in the company’s fundamentals.
Exceptional Long-Term Returns
The company’s stock has demonstrated remarkable resilience and growth over multiple time horizons. Over the past year, it has delivered an 88.99% return, significantly outperforming the Sensex’s 9.40% gain. The three-year and five-year returns stand at 581.78% and 1,047.05% respectively, dwarfing the Sensex’s corresponding returns of 42.39% and 77.06%. Over a decade, the stock has surged by an extraordinary 3,222.26%, compared to the Sensex’s 235.72% rise.
This sustained outperformance highlights the company’s ability to generate consistent value for shareholders, supported by strong operational metrics and strategic growth initiatives.
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Strong Financial Fundamentals Underpinning Growth
Thangamayil Jewellery Ltd’s financial performance has been robust, with net sales growing at an annual rate of 35.44% and operating profit expanding by 21.61%. The company reported its highest quarterly net sales at ₹1,710.90 crores, accompanied by a profit before tax (excluding other income) of ₹78.39 crores, which represents a remarkable growth of 112.1% compared to the previous four-quarter average.
Net profit growth of 28% was recorded in the September 2025 quarter, marking the fourth consecutive quarter of positive results. The company’s return on capital employed (ROCE) remains high at 16.15%, reflecting efficient management of capital and strong operational performance.
Dividend payments have also reached a peak, with the company declaring its highest annual dividend per share of ₹12.50, signalling confidence in its cash flow generation and commitment to shareholder returns.
Institutional Investor Confidence
Institutional investors have increased their stake in Thangamayil Jewellery Ltd by 0.54% over the previous quarter, now collectively holding 19.86% of the company’s shares. This growing participation by institutional players, who typically possess greater analytical resources, further validates the company’s strong fundamentals and market position.
Valuation and Market Position
Despite its impressive growth, the company’s valuation metrics indicate a relatively expensive position with an enterprise value to capital employed ratio of 5.4. However, the stock trades at a discount compared to its peers’ average historical valuations, suggesting a degree of market prudence.
The price-to-earnings-to-growth (PEG) ratio stands at 0.8, reflecting a valuation that is reasonable relative to its earnings growth rate of 92.8% over the past year. This balance between growth and valuation metrics contributes to the stock’s current Mojo Grade of Buy, following a downgrade from Strong Buy on 18 November 2025. The company holds a Mojo Score of 71.0 and a Market Cap Grade of 3, indicating solid market capitalisation and quality.
Sector and Market Outperformance
Thangamayil Jewellery Ltd has consistently outperformed the Gems, Jewellery And Watches sector and the broader market indices. Over the last week, the stock gained 10.18% compared to the Sensex’s 0.73%, and over the last month, it rose 9.80% while the Sensex declined by 0.49%. Year-to-date performance also reflects a 10.07% gain against a marginal 0.09% increase in the Sensex.
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Summary of Key Metrics
Thangamayil Jewellery Ltd’s recent all-time high is supported by a combination of strong sales growth, profitability, and efficient capital utilisation. The company’s net sales and operating profit have grown at annual rates of 35.44% and 21.61% respectively, while net profit has increased by 28%. The PBT excluding other income has more than doubled compared to the previous four-quarter average, underscoring operational strength.
Institutional investor interest remains robust, with a near 20% stake, and the company continues to deliver consistent returns that have outpaced the broader market and sector indices over multiple time frames.
While valuation metrics suggest a premium, the stock’s PEG ratio of 0.8 indicates that earnings growth is well aligned with its market price, supporting the current Buy rating and Mojo Score of 71.0.
Thangamayil Jewellery Ltd’s achievement of an all-time high share price is a testament to its sustained financial discipline, market positioning, and growth execution within the Gems, Jewellery And Watches sector.
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