Risk factor
Resilient to price shocks
Profitability factor
Strong growth
About
Operating a chain of jewelry retail establishments across India, Thangamayil Jewellery Limited specializes in a broad array of precious items. Their collection features exquisite pieces crafted from gold, diamonds, silver, and platinum, alongside various silver artifacts and gold coinage. Beyond its retail presence, the company actively engages in the fabrication and distribution of jewelry, accessories, and related merchandise. As of March 31, 2022, the enterprise managed 52 showrooms and a dedicated manufacturing and assembly facility, all situated within the state of Tamil Nadu. Shoppers can access their extensive offerings not only in physical stores but also via their online platform. This company, with its corporate base in Madurai, India, was originally established in 1947.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI
Target Price
The average target price of THANGAMAYL.NS is 5092 and suggests 18.3% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommenda