RBZ Jewellers Ltd
₹ 115
-2.68%
19 Mar
- close price
About
Incorporated in 2008, RBZ Jewellers
Ltd engaged in manufacturing, trading,
and job work of jewellery and other
accessories[1]
Key Points
- Market Cap ₹ 460 Cr.
- Current Price ₹ 115
- High / Low ₹ 179 / 112
- Stock P/E 8.89
- Book Value ₹ 67.7
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 65.3% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 182 | 107 | 252 | 288 | 327 | 530 | 584 | |
| 171 | 87 | 225 | 250 | 289 | 465 | 499 | |
| Operating Profit | 10 | 20 | 27 | 38 | 38 | 65 | 85 |
| OPM % | 6% | 19% | 11% | 13% | 12% | 12% | 15% |
| 0 | 1 | 0 | 2 | 0 | 1 | 0 | |
| Interest | 5 | 6 | 6 | 8 | 8 | 10 | 13 |
| Depreciation | 1 | 2 | 1 | 1 | 1 | 3 | 4 |
| Profit before tax | 4 | 13 | 20 | 30 | 30 | 53 | 69 |
| Tax % | 28% | 27% | 27% | 25% | 27% | 26% | |
| 3 | 10 | 14 | 22 | 22 | 39 | 52 | |
| EPS in Rs | 7.51 | 24.38 | 36.02 | 7.44 | 5.39 | 9.70 | 12.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 28% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 39% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 18% |
| Last Year: | 17% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 30 | 40 | 40 | 40 |
| Reserves | 43 | 52 | 66 | 62 | 167 | 205 | 231 |
| 47 | 60 | 64 | 96 | 69 | 91 | 150 | |
| 20 | 8 | 20 | 19 | 7 | 16 | 57 | |
| Total Liabilities | 115 | 124 | 154 | 207 | 284 | 352 | 478 |
| 14 | 17 | 16 | 25 | 27 | 33 | 48 | |
| CWIP | 0 | 0 | 1 | 1 | 2 | 3 | 24 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 101 | 107 | 138 | 181 | 255 | 317 | 407 | |
| Total Assets | 115 | 124 | 154 | 207 | 284 | 352 | 478 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 6 | -3 | 1 | -11 | -49 | -15 | |
| 3 | 1 | -1 | -11 | -4 | -5 | |
| -8 | 2 | -1 | 28 | 59 | 8 | |
| Net Cash Flow | 1 | 0 | -1 | 6 | 7 | -12 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 24 | 35 | 20 | 28 | 14 | 12 |
| Inventory Days | 198 | 443 | 209 | 241 | 313 | 255 |
| Days Payable | 40 | 21 | 27 | 24 | 3 | 7 |
| Cash Conversion Cycle | 181 | 457 | 202 | 245 | 324 | 260 |
| Working Capital Days | 62 | 170 | 95 | 106 | 207 | 147 |
| ROCE % | 18% | 21% | 24% | 16% | 20% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 (P) | Mar 2027 (P) | |
|---|---|---|---|---|---|---|
| Number of Retail Showrooms Numbers |
|
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| Job Work Volume Kgs |
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| Retail Jewelry Sales Volume Kgs |
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| Wholesale Jewelry Sales Volume Kgs |
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| Annual Production Capacity Tons |
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| Wholesale Clients Base Numbers |
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| Market Share in Organized Wholesale Gold Jewellery Market % |
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Documents
Announcements
-
Intimation About Participation In Investor Conference.
12 Mar - RBZ Jewellers to participate in Valorem conference on 23 March 2026; no UPSI will be shared.
-
Announcement under Regulation 30 (LODR)-Credit Rating
10 Mar - CRISIL reaffirms ratings; long-term BBB+ (Outlook Positive); short-term A2; bank facilities enhanced to Rs300 crore (10 Mar 2026).
-
Receipt Of Insurance Claim Amount In Relation To Earlier Reported Fraud.
25 Feb - Confirms Rs.1.98 crore employee fraud; Rs.1.01824 crore insurer paid, Rs.68.18 lakh gold held judicially.
-
Receipt Of Insurance Claim Amount In Relation To Earlier Reported Fraud.
24 Feb - Received Rs.1,01,82,444 insurance settlement; total recovery Rs.1,24,57,337 against Rs.1,98,11,486 fraud.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
18 Feb - Submit Earning call transcript of investor meet held for discussion on financial performance of the Company for the quarter ended 31.12.2025
Concalls
-
Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Aug 2025TranscriptAI SummaryPPT
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May 2025TranscriptPPTREC
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Feb 2025TranscriptPPTREC
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Nov 2024TranscriptPPTREC
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Aug 2024TranscriptPPTREC
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May 2024TranscriptPPTREC
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Feb 2024TranscriptPPTREC
Business Model
a) Wholesale Business[1]
Under this segment, the company supplies custom-designed gold jewellery to ~190 retailers across 72 cities in 20 states, holding about 1% share of the organised wholesale market, with FY25 sales of 198 Crs and 258 kg volume, supported by in-house manufacturing for bulk and bespoke orders