Thangamayil Jewellery Limited (THANGAMAYL) - Net Assets
Based on the latest financial reports, Thangamayil Jewellery Limited (THANGAMAYL) has net assets worth Rs14.16 Billion INR (≈ $153.14 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs38.20 Billion ≈ $413.17 Million USD) and total liabilities (Rs24.04 Billion ≈ $260.03 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check THANGAMAYL tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs14.16 Billion |
| % of Total Assets | 37.06% |
| Annual Growth Rate | 24.14% |
| 5-Year Change | 336.68% |
| 10-Year Change | 834.68% |
| Growth Volatility | 37.17 |
Thangamayil Jewellery Limited - Net Assets Trend (2008–2026)
This chart illustrates how Thangamayil Jewellery Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Thangamayil Jewellery Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Thangamayil Jewellery Limited (2008–2026)
The table below shows the annual net assets of Thangamayil Jewellery Limited from 2008 to 2026. For live valuation and market cap data, see how much is Thangamayil Jewellery Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs14.16 Billion ≈ $153.14 Million |
+28.45% |
| 2025-03-31 | Rs11.02 Billion ≈ $119.21 Million |
+123.52% |
| 2024-03-31 | Rs4.93 Billion ≈ $53.34 Million |
+26.85% |
| 2023-03-31 | Rs3.89 Billion ≈ $42.05 Million |
+19.90% |
| 2022-03-31 | Rs3.24 Billion ≈ $35.07 Million |
+8.84% |
| 2021-03-31 | Rs2.98 Billion ≈ $32.22 Million |
+35.32% |
| 2020-03-31 | Rs2.20 Billion ≈ $23.81 Million |
+13.96% |
| 2019-03-31 | Rs1.93 Billion ≈ $20.89 Million |
+14.50% |
| 2018-03-31 | Rs1.69 Billion ≈ $18.25 Million |
+11.37% |
| 2017-03-31 | Rs1.51 Billion ≈ $16.38 Million |
+10.14% |
| 2016-03-31 | Rs1.38 Billion ≈ $14.87 Million |
+6.90% |
| 2015-03-31 | Rs1.29 Billion ≈ $13.91 Million |
-16.23% |
| 2014-03-31 | Rs1.54 Billion ≈ $16.61 Million |
-8.45% |
| 2013-03-31 | Rs1.68 Billion ≈ $18.14 Million |
+14.83% |
| 2012-03-31 | Rs1.46 Billion ≈ $15.80 Million |
+48.77% |
| 2011-03-31 | Rs982.12 Million ≈ $10.62 Million |
+31.17% |
| 2010-03-31 | Rs748.73 Million ≈ $8.10 Million |
+126.77% |
| 2009-03-31 | Rs330.17 Million ≈ $3.57 Million |
+14.29% |
| 2008-03-31 | Rs288.90 Million ≈ $3.12 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thangamayil Jewellery Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs310.80 Million | 2.19% |
| Other Components | Rs13.85 Billion | 97.81% |
| Total Equity | Rs14.16 Billion | 100.00% |
Thangamayil Jewellery Limited Competitors by Market Cap
The table below lists competitors of Thangamayil Jewellery Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mesoblast Ltd
NASDAQ:MESO
|
$1.83 Billion |
|
G2 Goldfields Inc.
TO:GTWO
|
$1.83 Billion |
|
Guangdong Orient Zirconic Ind Sci & Tech Co Ltd
SHE:002167
|
$1.83 Billion |
|
SUEDZUCKER UNSP.ADR 1/2
F:SZU1
|
$1.83 Billion |
|
China Yuchai International Limited
NYSE:CYD
|
$1.83 Billion |
|
AOZORA BANK LTD ADR/20
F:AON0
|
$1.83 Billion |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$1.83 Billion |
|
Suzhou Good-Ark Electronics Co Ltd
SHE:002079
|
$1.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thangamayil Jewellery Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 11,023,500,000 to 14,160,000,000, a change of 3,136,500,000 (28.5%).
- Net income of 3,516,500,000 contributed positively to equity growth.
- Dividend payments of 388,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 759,100,000.
- Other factors increased equity by 767,600,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs3.52 Billion | +24.83% |
| Dividends Paid | Rs388.50 Million | -2.74% |
| Other Comprehensive Income | Rs-759.10 Million | -5.36% |
| Other Changes | Rs767.60 Million | +5.42% |
| Total Change | Rs- | 28.45% |
Book Value vs Market Value Analysis
This analysis compares Thangamayil Jewellery Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.93x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 516.37x to 11.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs10.53 | Rs5435.70 | x |
| 2009-03-31 | Rs12.03 | Rs5435.70 | x |
| 2010-03-31 | Rs27.28 | Rs5435.70 | x |
| 2011-03-31 | Rs35.79 | Rs5435.70 | x |
| 2012-03-31 | Rs53.24 | Rs5435.70 | x |
| 2013-03-31 | Rs61.13 | Rs5435.70 | x |
| 2014-03-31 | Rs55.97 | Rs5435.70 | x |
| 2015-03-31 | Rs46.88 | Rs5435.70 | x |
| 2016-03-31 | Rs50.12 | Rs5435.70 | x |
| 2017-03-31 | Rs55.20 | Rs5435.70 | x |
| 2018-03-31 | Rs61.48 | Rs5435.70 | x |
| 2019-03-31 | Rs70.39 | Rs5435.70 | x |
| 2020-03-31 | Rs80.22 | Rs5435.70 | x |
| 2021-03-31 | Rs108.55 | Rs5435.70 | x |
| 2022-03-31 | Rs118.15 | Rs5435.70 | x |
| 2023-03-31 | Rs141.67 | Rs5435.70 | x |
| 2024-03-31 | Rs179.74 | Rs5435.70 | x |
| 2025-03-31 | Rs390.02 | Rs5435.70 | x |
| 2026-03-31 | Rs455.58 | Rs5435.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thangamayil Jewellery Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.14%
- • Asset Turnover: 2.22x
- • Equity Multiplier: 2.70x
- Recent ROE (24.83%) is above the historical average (17.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 23.75% | 3.06% | 4.15x | 1.87x | Rs39.72 Million |
| 2009 | 26.88% | 3.60% | 2.85x | 2.63x | Rs55.74 Million |
| 2010 | 21.48% | 3.57% | 2.89x | 2.08x | Rs85.98 Million |
| 2011 | 31.90% | 4.76% | 2.56x | 2.62x | Rs215.11 Million |
| 2012 | 40.42% | 5.22% | 2.40x | 3.23x | Rs444.49 Million |
| 2013 | 17.66% | 1.95% | 2.56x | 3.55x | Rs128.57 Million |
| 2014 | -8.18% | -1.06% | 2.49x | 3.12x | Rs-279.29 Million |
| 2015 | -17.32% | -1.57% | 3.43x | 3.22x | Rs-351.47 Million |
| 2016 | 7.66% | 0.83% | 3.17x | 2.92x | Rs-32.23 Million |
| 2017 | 9.22% | 1.08% | 2.95x | 2.90x | Rs-11.75 Million |
| 2018 | 13.56% | 1.66% | 2.26x | 3.62x | Rs60.00 Million |
| 2019 | 15.66% | 2.10% | 2.21x | 3.38x | Rs109.37 Million |
| 2020 | 20.74% | 2.70% | 2.37x | 3.25x | Rs236.41 Million |
| 2021 | 29.06% | 4.76% | 2.35x | 2.60x | Rs567.93 Million |
| 2022 | 11.89% | 1.76% | 2.42x | 2.79x | Rs61.24 Million |
| 2023 | 20.51% | 2.53% | 2.53x | 3.21x | Rs408.61 Million |
| 2024 | 24.99% | 3.22% | 2.58x | 3.00x | Rs739.22 Million |
| 2025 | 10.77% | 2.42% | 1.92x | 2.32x | Rs84.75 Million |
| 2026 | 24.83% | 4.14% | 2.22x | 2.70x | Rs2.10 Billion |
Industry Comparison
This section compares Thangamayil Jewellery Limited's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $5,158,523,780
- Average return on equity (ROE) among peers: 9.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thangamayil Jewellery Limited (THANGAMAYL) | Rs14.16 Billion | 23.75% | 1.70x | $1.83 Billion |
| D. P. Abhushan Limited (DPABHUSHAN) | $410.79 Million | 19.83% | 3.74x | $227.29 Million |
| Ethos Limited (ETHOSLTD) | $16.64 Billion | 5.69% | 0.32x | $693.37 Million |
| Goenka Diamond and Jewels Limited (GOENKA) | $2.64 Billion | -6.02% | 2.09x | $2.81 Million |
| Goldiam International Limited (GOLDIAM) | $1.84 Billion | 9.50% | 0.60x | $585.79 Million |
| Kalyan Jewellers India Limited (KALYANKJIL) | $19.68 Billion | 7.23% | 3.34x | $4.28 Billion |
| Laxmi Goldorna House Ltd (LGHL) | $313.29 Million | 0.39% | 0.86x | $124.45 Million |
| Lypsa Gems & Jewellery Limited (LYPSAGEMS) | $523.71 Million | 34.16% | 4.39x | $1.54 Million |
| Moksh Ornaments Limited (MOKSH) | $79.84 Million | 1.90% | 4.51x | $10.90 Million |
| Motisons Jewellers Ltd (MOTISONS) | $3.28 Billion | 9.82% | 0.45x | $153.40 Million |
| Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) | $6.18 Billion | 13.10% | 1.27x | $78.38 Million |
About Thangamayil Jewellery Limited
Thangamayil Jewellery Limited operates a chain of retail jewelry stores in India. The company offers gold, diamond, silver, precious stones, and platinum jewelries, as well as silver articles and gold coins. It also involved in the manufacture and sale of jewelry, and other accessories and products. In addition, the company offers gold saving schemes. It provides its products through online. Than… Read more