Tribhovandas Bhimji Zaveri Ltd
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]
- Market Cap ₹ 1,237 Cr.
- Current Price ₹ 185
- High / Low ₹ 360 / 155
- Stock P/E 16.8
- Book Value ₹ 98.5
- Dividend Yield 1.21 %
- ROCE 12.0 %
- ROE 10.9 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 24.2%
Cons
- The company has delivered a poor sales growth of 7.68% over past five years.
- Company has a low return on equity of 9.28% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,824 | 1,934 | 1,655 | 1,690 | 1,751 | 1,764 | 1,810 | 1,342 | 1,844 | 2,394 | 2,299 | 2,620 | 2,648 | |
1,685 | 1,854 | 1,612 | 1,617 | 1,672 | 1,681 | 1,690 | 1,216 | 1,762 | 2,269 | 2,153 | 2,439 | 2,464 | |
Operating Profit | 139 | 80 | 42 | 73 | 79 | 83 | 120 | 126 | 82 | 124 | 146 | 181 | 185 |
OPM % | 8% | 4% | 3% | 4% | 5% | 5% | 7% | 9% | 4% | 5% | 6% | 7% | 7% |
5 | 23 | 4 | 3 | 6 | 4 | 2 | 12 | 8 | 5 | 6 | 4 | 5 | |
Interest | 52 | 57 | 61 | 55 | 44 | 53 | 62 | 52 | 41 | 53 | 57 | 64 | 61 |
Depreciation | 10 | 9 | 10 | 9 | 9 | 10 | 32 | 27 | 23 | 24 | 24 | 25 | 27 |
Profit before tax | 83 | 38 | -26 | 12 | 32 | 23 | 28 | 60 | 26 | 52 | 72 | 96 | 102 |
Tax % | 34% | 36% | 7% | -10% | 34% | 33% | 24% | 28% | 22% | 23% | 24% | 29% | |
55 | 24 | -28 | 13 | 21 | 16 | 21 | 43 | 20 | 40 | 54 | 68 | 74 | |
EPS in Rs | 8.25 | 3.65 | -4.13 | 1.94 | 3.19 | 2.33 | 3.21 | 6.48 | 3.02 | 6.02 | 8.16 | 10.25 | 11.06 |
Dividend Payout % | 27% | 27% | 0% | 0% | 24% | 32% | 31% | 39% | 33% | 29% | 21% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 8% |
3 Years: | 12% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 25% |
3 Years: | 50% |
TTM: | 23% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 38% |
3 Years: | 35% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 5% |
5 Years: | 8% |
3 Years: | 9% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
Reserves | 381 | 397 | 369 | 389 | 410 | 417 | 414 | 456 | 461 | 494 | 535 | 590 |
568 | 588 | 650 | 549 | 569 | 606 | 637 | 438 | 588 | 575 | 614 | 792 | |
301 | 237 | 210 | 187 | 174 | 334 | 350 | 254 | 341 | 339 | 243 | 320 | |
Total Liabilities | 1,316 | 1,289 | 1,296 | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 |
97 | 108 | 109 | 103 | 103 | 111 | 174 | 140 | 152 | 159 | 151 | 164 | |
CWIP | 2 | 5 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
1,218 | 1,176 | 1,187 | 1,088 | 1,116 | 1,312 | 1,294 | 1,075 | 1,305 | 1,316 | 1,308 | 1,604 | |
Total Assets | 1,316 | 1,289 | 1,296 | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-30 | 15 | 14 | 153 | 42 | 32 | 149 | 231 | -66 | 93 | 40 | -27 | |
-54 | 26 | -11 | 0 | -9 | -21 | -6 | 5 | -2 | -7 | -7 | -45 | |
86 | -47 | -2 | -155 | -27 | -16 | -147 | -233 | 71 | -87 | -29 | 85 | |
Net Cash Flow | 1 | -7 | 1 | -2 | 6 | -4 | -4 | 3 | 2 | -0 | 4 | 13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 0 | 0 | 0 | 5 | 5 | 1 | 1 | 0 | 0 | 3 | 0 |
Inventory Days | 270 | 246 | 292 | 261 | 265 | 307 | 293 | 326 | 276 | 214 | 223 | 241 |
Days Payable | 19 | 24 | 24 | 20 | 24 | 51 | 48 | 46 | 46 | 36 | 20 | 27 |
Cash Conversion Cycle | 252 | 222 | 269 | 241 | 246 | 261 | 246 | 280 | 230 | 178 | 205 | 215 |
Working Capital Days | 56 | 61 | 63 | 66 | 67 | 66 | 64 | 105 | 75 | 63 | 73 | 65 |
ROCE % | 15% | 8% | 3% | 6% | 7% | 7% | 8% | 11% | 6% | 9% | 11% | 12% |
Documents
Announcements
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Communication To Shareholders: Dividend For FY 2024-25 - Intimation On Tax Deduction At Source (TDS) / Withholding Tax On Dividend
20 Aug - Board recommended Rs.2.25/share dividend; AGM 9 Sep 2025; record date 2 Sep; TDS rules, update documents by 31 Aug.
- Newspaper Advertisement 15 Aug
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
14 Aug - Notice of 18th AGM on 9 Sept 2025; Annual Report link shared for unregistered email shareholders.
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Reg. 34 (1) Annual Report.
14 Aug - TBZ FY 2024-25 annual report: 14% revenue growth, 3 new stores, 34% PAT increase, strong brand expansion.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Aug - Submission of Newspaper Advertisement (Prior)of Notice to the Shareholders.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Aug 2025TranscriptNotesPPT
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Business Overview:[1]
TBZ, a 150-year-old family-run Indian jewellery business, was the first to introduce 100% BIS hallmarked 22 karat gold jewellery, certified solitaire diamonds, and a lifetime buyback scheme on gold and diamond jewellery. It pioneered lightweight precious jewellery and offers handcrafted gold, diamond, jadau, and platinum jewellery for various occasions, as well as contemporary designs for daily wear.