Kalyan Jewellers India Limited vs Thangamayil Jewellery Limited
An objective side-by-side of KALYANKJIL and THANGAMAYL, both in Diamond Cutting / Jewellery: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: KALYANKJIL Jun 2026 · THANGAMAYL Jun 2026
At a glance
- Kalyan Jewellers India Limited is the larger company by market value, about 3.9 times the size of Thangamayil Jewellery Limited.
- On trailing earnings, Thangamayil Jewellery Limited trades at the lower P/E (39.1 against 41.8).
- Thangamayil Jewellery Limited earns the higher return on equity (27.7% against 22.7%).
- Over three years Thangamayil Jewellery Limited has grown profits faster (64% a year against 44%).
- Over the past year the share prices returned +15.2% (KALYANKJIL) and +127.2% (THANGAMAYL).
| Metric | Kalyan Jewellers KALYANKJIL |
Thangamayil Jewellery THANGAMAYL |
|---|---|---|
| Size and price | ||
| Market cap | ₹60,054 Cr | ₹15,325 Cr |
| Share price | ₹581.50 | ₹4,930 |
| Valuation | ||
| P/E | 41.84 | 39.13 |
| P/B | 9.52 | 10.82 |
| EV/EBITDA | 25.30 | 25.77 |
| PEG | 0.95 | 0.61 |
| Dividend yield | 0.2% | 0.4% |
| Profitability | ||
| ROE | 22.7% | 27.7% |
| ROCE | 21.0% | 25.0% |
| Operating margin | 6.7% | 6.6% |
| Sales (TTM) | ₹39,063 Cr | ₹9,616 Cr |
| Net profit (TTM) | ₹1,435 Cr | ₹392 Cr |
| Growth | ||
| Latest quarter sales YoY | +45.7% | +71.2% |
| Latest quarter profit YoY | +32.0% | +86.2% |
| Sales CAGR 3Y | +36.0% | +39.0% |
| Profit CAGR 3Y | +44.0% | +64.0% |
| Sales CAGR 5Y | +33.0% | +36.0% |
| Profit CAGR 5Y | +195.0% | +32.0% |
| Financial strength | ||
| Debt/Equity | 0.97 | 0.64 |
| Interest cover | 4.78 | 7.91 |
| Ownership | ||
| Promoter holding | 62.9% | 61.6% |
| Promoter change (4 qtrs) | +0.05 pp | +0.08 pp |
| Price performance | ||
| Return 1M | -2.43% | -9.65% |
| Return 3M | +52.58% | -11.27% |
| Return 1Y | +15.21% | +127.18% |
| Return YTD | +19.81% | +53.02% |
| Technical condition | ||
| Technical score | 55 | 23 |
| RS rating (1-99) | 87.00 | 87.00 |
| % vs 200-DMA | +26.98% | +11.58% |
| RSI (14) | 46.20 | 39.37 |
| % from 52-week high | -10.39% | -33.64% |
