Is Thangamayil Jewellery the Best Stock in Its Sector? A Look at the Numbers
- October 9, 2026
- Posted by: Kunal Singla
- Category: Market
Thangamayil Jewellery CMP Rs 4,853 (09 Oct 2026). Market cap Rs 14,959 Cr. ROE 24.83%. P/E 38.25x versus Industry P/E 48.25x.
Quick Answer
Thangamayil Jewellery is one of the names investors compare when screening the Jewellery sector, built on a 24.83% return on equity and a P/E of 38.25x against an Industry P/E of 48.25x. Whether Thangamayil Jewellery is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Jewellery sector peers, so you can judge that for yourself.
Is Thangamayil Jewellery the best stock in its sector? The stock trades on the NSE at Rs 4,853 as of 09 October 2026, within its 52-week range of Rs 1,939.50 to Rs 7,430.00. Thangamayil Jewellery Ltd, based in Madurai, is a jewellery company with four manufacturing units, and gold makes up about 75% of its revenue.
Thangamayil Jewellery sits in the Jewellery sector, and its 24.83% ROE and 38.25x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Thangamayil Jewellery
Thangamayil Jewellery Ltd, based in Madurai, is a jewellery company with four manufacturing units, and gold makes up about 75% of its revenue. Total income rose 71.2% year on year in Q1 FY27, yet the stock fell about 9% after the results. It now trades about 35 percent below its 52-week high and about 2.5 times its 52-week low. At a market capitalisation of Rs 14,959 Cr, it is tracked as part of the Jewellery sector on Univest.
Is Thangamayil Jewellery the Best Stock in Its Sector?
Thangamayil Jewellery makes its case as the best stock in its sector primarily on return on equity, combining a 24.83% ROE with a 38.25x P/E against the sector’s 48.25x Industry P/E. Thangamayil’s 38.25x P/E is below the 48.25x Industry P/E with a 24.83% ROE, but a debt to equity of 0.64 and a 10.56 P/B are demanding, and the stock is about 35 percent below its 52-week high after a sharp swing in price.
| Metric | Thangamayil Jewellery |
|---|---|
| CMP (NSE) | Rs 4,853.00 |
| 52-Week High / Low | Rs 7,430.00 / Rs 1,939.50 |
| Market Cap | Rs 14,959 Cr |
| P/E (TTM) vs Industry P/E | 38.25x vs 48.25x |
| P/B | 10.56 |
| ROE | 24.83% |
| EPS (TTM) | Rs 125.81 |
| Dividend Yield | 0.37% |
| Debt to Equity | 0.64 |
Compare Thangamayil Jewellery Against Other Jewellery Sector Stocks
How Thangamayil Jewellery Compares Against Its Jewellery Sector Peers
The table below sets Thangamayil Jewellery against 2 other Jewellery sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Thangamayil Jewellery | 14,959 | 38.25 | 24.83% | 0.64 |
| Senco Gold | 5,524 | 9.68 | 22.85% | 1.07 |
| PN Gadgil Jewellers | 8,625 | 19.34 | 20.88% | 0.89 |
| Peer average (2 companies) | – | 14.51 | 21.87% | 0.98 |
Against this peer set, Thangamayil Jewellery’s 24.83% ROE is above the 21.87% peer average, and its P/E of 38.25x runs above the peer average of 14.51x. Thangamayil’s 38.25x P/E is below the 48.25x Industry P/E with a 24.83% ROE, but a debt to equity of 0.64 and a 10.56 P/B are demanding, and the stock is about 35 percent below its 52-week high after a sharp swing in price.
What Makes Thangamayil Jewellery Worth Watching in Jewellery
- Strong ROE: A 24.83% ROE is higher than both jewellery peers compared in this article.
- Rapid income growth: Total income grew 71.2% year on year in Q1 FY27, although the stock reacted negatively to the results.
- Volatile price: The stock is about 2.5 times its 52-week low but also about 35 percent below its high, a wide band for any holder.
Thangamayil Jewellery Valuation: Is It Justified?
Thangamayil’s 38.25x P/E is below the 48.25x Industry P/E with a 24.83% ROE, but a debt to equity of 0.64 and a 10.56 P/B are demanding, and the stock is about 35 percent below its 52-week high after a sharp swing in price. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is TCI Express the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Thangamayil Jewellery and other Jewellery sector stocks.
How to Track Thangamayil Jewellery Before You Invest
Before deciding whether Thangamayil Jewellery deserves its label as the best stock in its sector for your own portfolio, compare it directly against Jewellery sector peers using the steps below.
- Open the Univest Screener and search for Thangamayil Jewellery to view live price, valuation ratios, and peer comparisons within the Jewellery sector.
- Compare its P/E, P/B, and ROE against other Jewellery sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Thangamayil Jewellery earns a place in the best stock in its sector conversation on the strength of a 24.83% ROE and a P/E of 38.25x against a 48.25x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Thangamayil Jewellery the best stock in its sector?
Ans. Thangamayil Jewellery has a 24.83% ROE and trades at 38.25x P/E against a 48.25x Industry P/E, and compares above the peer average ROE of 21.87% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Thangamayil Jewellery?
Ans. Thangamayil Jewellery was trading at Rs 4,853.00 on the NSE as of 09 October 2026, within its 52-week range of Rs 1,939.50 to Rs 7,430.00.
What sector does Thangamayil Jewellery belong to?
Ans. Thangamayil Jewellery is classified under the Jewellery sector on Univest.
How does Thangamayil Jewellery compare to its sector peers on P/E?
Ans. Thangamayil Jewellery’s P/E of 38.25x is above the 14.51x average of the 2 named peers compared in this article.
What is Thangamayil Jewellery’s return on equity?
Ans. Thangamayil Jewellery reported a return on equity of 24.83%, which is above the 21.87% average of its named peers in this comparison.
Should I invest in Thangamayil Jewellery based on its sector position?
Ans. Thangamayil Jewellery’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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