Tribhovandas Bhimji Zaveri
TBZ NSE
Tribhovandas Bhimji Zaveri
Consumer DiscretionaryNSE: TBZ BSE: 534369 Consumer Durables
Key Fundamentals
MicrocapJewellery & WatchesConsumer GoodsMarket Cap
₹3,212 Cr
Volatility
High Risk
P/E Ratio
16.44
EBITDA
₹368 Cr
Return on Equity
24.14%
Debt to Equity
1.06
Book Value
₹125.6
EPS
₹9.01
52W High
₹583.05
52W Low
₹110.5
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has delivered good profit growth of 36.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 17.2%
Weaknesses
1- Stock is trading at 4.19 times its book value
Growth Rate
Revenue Growth
22.31% higher than
3Y
Net Income Growth
196% higher than
3Y
Cash Flow Change
211% higher than
3Y
ROE
132% higher than
3Y
ROCE
75.32% lower than
3Y
EBITDA Margin (Avg.)
69.93% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 571 | 481 | 741 | 507 | 596 | 567 | 928 | 529 | 624 | 688 | 1,061 | 830 | 841 |
| Expenses | 538 | 451 | 695 | 475 | 555 | 532 | 868 | 493 | 571 | 624 | 930 | 717 | 769 |
| Operating Profit | 32 | 30 | 46 | 31 | 41 | 35 | 60 | 36 | 53 | 64 | 131 | 112 | 72 |
| OPM % | 6% | 6% | 6% | 6% | 7% | 6% | 6% | 7% | 9% | 9% | 12% | 14% | 9% |
| Other Income | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 12 | 13 | 12 | 13 | 13 | 13 | 13 | 17 | 18 | 16 | 19 | 16 | 19 |
| Depreciation | 6 | 6 | 6 | 5 | 6 | 6 | 6 | 7 | 7 | 8 | 6 | 8 | 9 |
| PBT | 15 | 12 | 29 | 15 | 23 | 17 | 42 | 14 | 30 | 42 | 108 | 90 | 47 |
| Tax % | 25% | 26% | 26% | 17% | 27% | 30% | 28% | 30% | 24% | 25% | 26% | 25% | 27% |
| Net Profit | 11 | 9 | 21 | 13 | 17 | 12 | 30 | 9 | 22 | 32 | 81 | 68 | 34 |
| EPS in Rs | 1.7 | 1.35 | 3.21 | 1.89 | 2.56 | 1.79 | 4.48 | 1.42 | 3.37 | 4.72 | 12.08 | 10.14 | 5.08 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,934 | 1,655 | 1,690 | 1,751 | 1,764 | 1,810 | 1,342 | 1,844 | 2,394 | 2,299 | 2,620 | 3,203 | 3,420 |
| Expenses | 1,854 | 1,612 | 1,617 | 1,672 | 1,681 | 1,690 | 1,216 | 1,762 | 2,269 | 2,153 | 2,439 | 2,834 | 3,040 |
| Operating Profit | 80 | 42 | 73 | 79 | 83 | 120 | 126 | 82 | 124 | 146 | 181 | 369 | 380 |
| OPM % | 4.2% | 2.6% | 4.3% | 4.5% | 4.7% | 7% | 9% | 4.4% | 5% | 6% | 7% | 12% | 11% |
| Other Income | 23 | 4 | 3 | 6 | 4 | 2 | 12 | 8 | 5 | 6 | 4 | 7 | 7 |
| Interest | 57 | 61 | 55 | 44 | 53 | 62 | 52 | 41 | 53 | 57 | 64 | 77 | 70 |
| Depreciation | 9 | 10 | 9 | 9 | 10 | 32 | 27 | 23 | 24 | 24 | 25 | 29 | 30 |
| PBT | 38 | -26 | 12 | 32 | 23 | 28 | 60 | 26 | 52 | 72 | 96 | 270 | 287 |
| Tax % | 36% | 7% | -10% | 34% | 33% | 24% | 28% | 22% | 23% | 24% | 29% | 25% | — |
| Net Profit | 24 | -28 | 13 | 21 | 16 | 21 | 43 | 20 | 40 | 54 | 68 | 202 | 214 |
| EPS in Rs | 3.65 | -4.13 | 1.94 | 3.19 | 2.33 | 3.21 | 6.48 | 3.02 | 6.02 | 8.16 | 10.25 | 30.32 | 32.02 |
| Div. Payout % | 27% | 0% | 0% | 24% | 32% | 31% | 39% | 33% | 29% | 21% | 22% | 8% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 397 | 369 | 389 | 410 | 417 | 414 | 456 | 461 | 494 | 535 | 590 | 771 |
| Borrowings | 588 | 650 | 549 | 569 | 606 | 637 | 438 | 588 | 575 | 614 | 792 | 886 |
| Other Liabilities | 237 | 210 | 187 | 174 | 334 | 350 | 254 | 341 | 339 | 243 | 320 | 378 |
| Total Liabilities | 1,289 | 1,296 | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 | 2,102 |
| Fixed Assets | 108 | 109 | 103 | 103 | 111 | 174 | 140 | 152 | 159 | 151 | 164 | 183 |
| CWIP | 5 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1,176 | 1,187 | 1,088 | 1,116 | 1,312 | 1,294 | 1,075 | 1,305 | 1,316 | 1,308 | 1,604 | 1,919 |
| Total Assets | 1,289 | 1,296 | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 | 2,102 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 15 | 14 | 153 | 42 | 32 | 149 | 231 | -66 | 93 | 40 | -27 | 30 |
| Investing | 26 | -11 | 0 | -9 | -21 | -6 | 5 | -2 | -7 | -7 | -45 | -10 |
| Financing | -47 | -2 | -155 | -27 | -16 | -147 | -233 | 71 | -87 | -29 | 85 | -17 |
| Net Cash Flow | -7 | 1 | -2 | 6 | -4 | -4 | 3 | 2 | 0 | 4 | 13 | 2 |
| Free Cash Flow | 2 | 4 | 146 | 32 | 17 | 146 | 230 | -67 | 86 | 31 | -39 | 16 |
| CFO/OP | 29 | 35 | 208 | 61 | 51 | 133 | 196 | -70 | 82 | 40 | -1 | 26 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 5 | 5 | 1 | 1 | 0 | 0 | 3 | 0 | 0 |
| Inventory Days | 246 | 292 | 261 | 265 | 307 | 293 | 326 | 276 | 214 | 223 | 241 | 249 |
| Days Payable | 24 | 24 | 20 | 24 | 51 | 48 | 46 | 46 | 36 | 20 | 27 | 24 |
| Cash Conversion Cycle | 222 | 269 | 241 | 246 | 261 | 246 | 280 | 230 | 178 | 205 | 215 | 226 |
| Working Capital Days | 61 | 63 | 66 | 67 | 66 | 64 | 105 | 75 | 63 | 73 | 65 | 74 |
| ROCE % | 8% | 3% | 6% | 7% | 7% | 8% | 11% | 6% | 9% | 11% | 12% | 22% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Tribhovandas Bhimji Zaveri insights
47 extracted metrics + investor summaries across FY13–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Credit Rating
11 Sep - ICRA placed TBZ ratings on watch positive after 74.12% stake sale SPA to GRT Jewellers for about Rs1,034 crore. 11 Sep - ICRA placed TBZ ratings on watch positive after 74.12% stake sale SPA to GRT Jewellers for about Rs1,034 crore.
2
Clarification Sought from Tribhovandas Bhimji Zaveri Ltd
8 Jul - Exchange has sought clarification from Tribhovandas Bhimji Zaveri Ltd on July 8, 2026, with reference to Movement in Volume. 8 Jul - Exchange has sought clarification from Tribhovandas Bhimji Zaveri Ltd on July 8, 2026, with reference to Movement in Volume.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
21 Apr - FY26 secretarial compliance report filed; prior Reg 11(1A) notice waiver request pending at BSE. 21 Apr - FY26 secretarial compliance report filed; prior Reg 11(1A) notice waiver request pending at BSE.
4
Compliances-Reg.24(A)-Annual Secretarial Compliance
12h - FY26 secretarial compliance report filed; prior Reg 11(1A) notice waiver request pending at BSE. 12h - FY26 secretarial compliance report filed; prior Reg 11(1A) notice waiver request pending at BSE.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 2 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
Frequently Asked Questions about Tribhovandas Bhimji Zaveri
What does Tribhovandas Bhimji Zaveri Ltd do?
Incorporated in 2007, Tribhovandas Bhimji Zaveri Ltd is in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones[1]
Where is Tribhovandas Bhimji Zaveri Ltd (TBZ) listed?
Tribhovandas Bhimji Zaveri Ltd trades as TBZ on the NSE and under code 534369 on the BSE.
Which sector does Tribhovandas Bhimji Zaveri Ltd belong to?
Tribhovandas Bhimji Zaveri Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the market capitalisation of Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd has a market capitalisation of ₹3,212 Cr, which places it in the Small Cap band.
What is the PE ratio of Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd trades at a PE ratio of 16.44, on earnings per share of ₹9.01, against a book value of ₹125.6 per share.
What is the 52-week high and low of Tribhovandas Bhimji Zaveri Ltd?
Over the last 52 weeks Tribhovandas Bhimji Zaveri Ltd has traded between ₹110.5 and ₹583.05.
Does Tribhovandas Bhimji Zaveri Ltd pay dividends?
Tribhovandas Bhimji Zaveri Ltd has a dividend yield of 0.50%.
What is the Return on Equity (ROE) of Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd reported a return on equity of 24.14%. Its debt-to-equity ratio is 1.06.
Company Information
Incorporated in 2007, Tribhovandas Bhimji Zaveri Ltd is in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones[1]
Website tbztheoriginal.com
CEO Mr. Shrikant Gopaldas Zaveri
Employees 1,071
Listed 2012-05-09
Face Value ₹ 10
Issued Size 6,67,30,620
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