Tribhovandas Bhimji Zaveri Ltd

Tribhovandas Bhimji Zaveri Ltd

₹ 111 0.77%
27 May - close price
About

Tribhovandas Bhimji Zaveri Limited (TBZ) is engaged in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones through its showrooms and franchisee stores. [1]

Key Points

Rich History
The Co is one of the oldest family-run jewellery businesses in India having been established over 157 years ago. It is currently being run by the 5th generation of the family. It was the first jeweller to offer a buyback guarantee as early as 1938. It is also the first Co in India to promote the concept of lightweight precious jewellery, provide certified solitaire diamonds, and introduce 100% BIS hallmarked 22 karat gold jewellery. [1] [2]

  • Market Cap 744 Cr.
  • Current Price 111
  • High / Low 145 / 73.0
  • Stock P/E 13.8
  • Book Value 91.1
  • Dividend Yield 1.57 %
  • ROCE 10.2 %
  • ROE 9.19 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 30.0%

Cons

  • Company has a low return on equity of 6.63% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
366 194 456 763 431 580 537 812 465 571 481 741 507
346 195 435 726 416 561 514 769 435 539 451 696 475
Operating Profit 20 -1 21 37 15 19 23 43 30 32 30 45 31
OPM % 6% -0% 5% 5% 4% 3% 4% 5% 7% 6% 6% 6% 6%
4 2 3 2 2 2 1 1 1 1 1 2 2
Interest 8 8 8 10 9 12 10 11 12 12 13 12 13
Depreciation 5 6 6 6 5 6 6 6 6 6 6 6 5
Profit before tax 11 -13 9 23 3 4 8 27 13 15 12 29 15
Tax % 20% 27% 27% 27% 14% 26% 27% 25% 15% 25% 25% 27% 17%
9 -9 7 17 2 3 6 20 11 11 9 21 12
EPS in Rs 1.29 -1.36 0.99 2.57 0.36 0.43 0.84 2.99 1.69 1.71 1.37 3.14 1.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,658 1,818 1,934 1,655 1,690 1,751 1,764 1,810 1,342 1,844 2,394 2,299
1,507 1,680 1,853 1,610 1,614 1,673 1,683 1,692 1,217 1,766 2,271 2,161
Operating Profit 152 138 81 45 76 78 81 118 125 78 123 138
OPM % 9% 8% 4% 3% 4% 4% 5% 7% 9% 4% 5% 6%
5 6 23 5 4 7 5 5 13 8 6 6
Interest 25 52 57 61 55 44 53 62 52 41 53 50
Depreciation 8 10 8 10 9 8 10 32 26 22 24 23
Profit before tax 124 83 39 -22 16 32 23 29 60 23 52 71
Tax % 31% 34% 34% -7% -7% 34% 34% 24% 28% 25% 23% 24%
85 55 26 -23 17 21 15 22 43 17 40 54
EPS in Rs 12.75 8.25 3.90 -3.47 2.51 3.15 2.29 3.29 6.46 2.56 5.94 8.10
Dividend Payout % 18% 27% 26% 0% 0% 24% 33% 30% 39% 39% 29% 22%
Compounded Sales Growth
10 Years: 2%
5 Years: 5%
3 Years: 20%
TTM: -4%
Compounded Profit Growth
10 Years: 0%
5 Years: 28%
3 Years: 8%
TTM: 36%
Stock Price CAGR
10 Years: -4%
5 Years: 16%
3 Years: 13%
1 Year: 46%
Return on Equity
10 Years: 5%
5 Years: 7%
3 Years: 7%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 67 67 67 67 67 67 67 67 67 67 67 67
Reserves 343 381 399 376 399 420 427 425 467 468 501 541
419 568 583 650 549 569 606 636 438 588 575 614
352 300 237 205 179 164 332 348 252 343 340 244
Total Liabilities 1,181 1,316 1,286 1,298 1,194 1,220 1,431 1,476 1,224 1,466 1,482 1,465
88 94 104 105 99 100 108 171 137 149 156 148
CWIP 2 2 5 0 2 0 0 0 0 0 1 0
Investments 3 3 3 3 3 2 2 2 2 12 12 12
1,089 1,217 1,173 1,189 1,090 1,118 1,322 1,303 1,084 1,305 1,314 1,305
Total Assets 1,181 1,316 1,286 1,298 1,194 1,220 1,431 1,476 1,224 1,466 1,482 1,465

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-303 9 19 9 153 39 31 147 230 -57 92
-61 -56 26 -11 1 -5 -19 -4 6 -11 -6
373 48 -52 4 -155 -27 -16 -147 -233 71 -87
Net Cash Flow 8 1 -7 2 -2 7 -4 -4 3 3 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0 1 0 0 0 5 5 1 1 0 0 3
Inventory Days 279 269 243 289 258 265 309 296 330 276 215 223
Days Payable 47 19 24 23 19 23 51 48 46 46 37 21
Cash Conversion Cycle 233 250 219 266 239 246 263 249 285 230 178 205
Working Capital Days 152 166 169 206 187 188 194 182 213 179 141 160
ROCE % 25% 15% 8% 4% 7% 7% 7% 8% 11% 6% 9%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12% 74.12%
0.78% 1.38% 1.45% 1.31% 1.28% 0.93% 0.59% 0.60% 0.56% 0.94% 1.82% 1.02%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25.10% 24.50% 24.43% 24.57% 24.61% 24.94% 25.29% 25.27% 25.31% 24.94% 24.05% 24.87%
No. of Shareholders 34,76133,43332,91034,27933,60132,12030,37829,62430,15229,29030,87631,111

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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