Tribhovandas Bhimji Zaveri Ltd

About [ edit ]

Tribhovandas Bhimji Zaveri is in the business of retail sales of ornaments made of gold, diamond, silver, platinum and precious stones.

  • Market Cap 439 Cr.
  • Current Price 65.8
  • High / Low 96.4 / 19.6
  • Stock P/E 10.2
  • Book Value 78.4
  • Dividend Yield 1.52 %
  • ROCE 10.5 %
  • ROE 8.62 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.84 times its book value
  • Company has delivered good profit growth of 29.01% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 33.96%

Cons

  • The company has delivered a poor sales growth of -4.10% over past five years.
  • Company has a low return on equity of 5.58% for last 3 years.
  • Contingent liabilities of Rs.142.10 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
410.94 345.66 591.75 415.49 429.77 393.20 644.56 342.52 79.46 273.18 623.28 366.08
396.59 330.70 560.01 401.00 403.35 371.40 603.50 319.42 89.13 231.62 554.79 344.62
Operating Profit 14.35 14.96 31.74 14.49 26.42 21.80 41.06 23.10 -9.67 41.56 68.49 21.46
OPM % 3.49% 4.33% 5.36% 3.49% 6.15% 5.54% 6.37% 6.74% -12.17% 15.21% 10.99% 5.86%
Other Income 0.68 0.38 1.01 2.12 1.07 1.07 0.84 1.06 4.40 2.42 2.12 3.38
Interest 10.78 11.64 11.81 12.14 14.09 14.46 13.35 14.21 14.95 14.18 10.87 7.78
Depreciation 2.16 2.38 2.75 2.90 8.13 7.52 7.96 8.64 7.03 7.34 6.72 5.52
Profit before tax 2.09 1.32 18.19 1.57 5.27 0.89 20.59 1.31 -27.25 22.46 53.02 11.54
Tax % 31.58% 56.82% 32.44% -5.73% 33.59% 41.57% 29.33% -116.79% 24.18% 35.35% 24.48% 18.80%
Net Profit 1.43 0.56 12.29 1.67 3.50 0.52 14.56 2.84 -20.66 14.52 40.04 9.37
EPS in Rs 0.21 0.08 1.84 0.25 0.52 0.08 2.18 0.43 -3.10 2.18 6.00 1.40

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
885 1,194 1,385 1,658 1,824 1,934 1,655 1,690 1,751 1,764 1,810 1,342
838 1,105 1,261 1,505 1,685 1,854 1,612 1,617 1,672 1,681 1,690 1,220
Operating Profit 47 89 125 153 139 80 42 73 79 83 120 122
OPM % 5% 7% 9% 9% 8% 4% 3% 4% 5% 5% 7% 9%
Other Income 0 0 1 4 5 23 4 3 6 4 2 12
Interest 20 25 33 25 52 57 61 55 44 53 62 48
Depreciation 3 5 6 8 10 9 10 9 9 10 32 27
Profit before tax 25 60 87 124 83 38 -26 12 32 23 28 60
Tax % 32% 35% 34% 32% 34% 36% -7% -10% 34% 33% 24% 28%
Net Profit 17 39 57 84 55 24 -28 13 21 16 21 43
EPS in Rs 12.67 8.25 3.65 -4.13 1.94 3.19 2.33 3.21 6.48
Dividend Payout % 0% 0% 9% 18% 27% 27% 0% 0% 24% 32% 31% 39%
Compounded Sales Growth
10 Years:1%
5 Years:-4%
3 Years:-8%
TTM:-26%
Compounded Profit Growth
10 Years:1%
5 Years:29%
3 Years:27%
TTM:91%
Stock Price CAGR
10 Years:%
5 Years:-1%
3 Years:-15%
1 Year:209%
Return on Equity
10 Years:7%
5 Years:5%
3 Years:6%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
10 50 50 67 67 67 67 67 67 67 67 67
Reserves 58 57 110 343 381 397 369 389 410 417 414 456
Borrowings 4 207 208 419 568 588 650 549 569 606 637 414
276 198 216 351 301 237 210 187 174 334 350 277
Total Liabilities 349 512 583 1,181 1,316 1,289 1,296 1,192 1,219 1,423 1,468 1,215
40 51 51 90 97 108 109 103 103 111 174 140
CWIP 3 0 1 2 2 5 0 2 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
306 461 532 1,089 1,218 1,176 1,187 1,088 1,116 1,312 1,294 1,075
Total Assets 349 512 583 1,181 1,316 1,289 1,296 1,192 1,219 1,423 1,468 1,215

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
9 29 38 -303 -30 15 14 153 42 32 149 231
-10 -12 -6 -62 -54 26 -11 0 -9 -21 -6 5
1 -14 -35 372 86 -47 -2 -155 -27 -16 -147 -233
Net Cash Flow 0 2 -2 8 1 -7 1 -2 6 -4 -4 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 44% 35% 25% 15% 8% 3% 6% 7% 7% 8% 10%
Debtor Days 1 3 1 0 1 0 0 0 5 5 1 1
Inventory Turnover 2.83 2.44 1.76 1.41 1.49 1.26 1.34 1.38 1.28 1.25 1.02

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.12 74.12 74.12 74.12 74.12 74.12 74.12 74.12 74.12 74.12 74.12 74.12
1.48 0.74 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54
0.13 0.23 0.08 0.16 0.17 0.12 0.20 0.06 0.00 0.00 0.00 0.00
24.27 24.91 25.26 25.19 25.17 25.22 25.14 25.28 25.34 25.34 25.34 25.34

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