Thangamayil Jewellery Ltd has broken out of its previous All time high of 1516 which it created back in Nov 2021 and stayed above it.
Fundamentally as per the latest Annual Report
- The business is doing well as the quarter has begun with good sales during Akshay Tritiya ( 108 crores against 79 crores previous year).
- Demand for gold that was deferred would fructify after a gap of 2 to 3 years in the rural areas where company operates.
- Ten (small & medium sized) branches would be relaunched in 23-24 augurs well for incremental sales growth.
- All the outlets are EBITDA positive
- Retail volume – led growth by 27.75% over 2021-22.
- Company could sustain the gross profit margin at 9.43% on the significantly increased sales in a price sensitive environment.
- Top line growth increased on a five-year period as a compounded annual growth rate (CAGR) of 18.82%. It could have been better but for the disturbance caused by Covid pandemic.
- Bonus issue 1:1
- AGM on July 05
Disclosure : Invested.
| Subscribe To Our Free Newsletter |
