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 ₹ 1,865 Cr.
- Current Price ₹ 280
- High / Low ₹ 296 / 110
- Stock P/E 8.73
- Book Value ₹ 126
- Dividend Yield 0.89 %
- ROCE 21.9 %
- ROE 27.1 %
- Face Value ₹ 10.0
Pros
- 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%
Cons
* 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches
Part of BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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% |
| 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 |
| Profit before tax | 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% | |
| 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 |
| Dividend Payout % | 27% | 0% | 0% | 24% | 32% | 31% | 39% | 33% | 29% | 21% | 22% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 19% |
| 3 Years: | 10% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 36% |
| 3 Years: | 71% |
| TTM: | 189% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 31% |
| 3 Years: | 35% |
| 1 Year: | 47% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 17% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| 588 | 650 | 549 | 569 | 606 | 637 | 438 | 588 | 575 | 614 | 792 | 886 | |
| 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 |
| 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 |
| 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 Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 14 | 153 | 42 | 32 | 149 | 231 | -66 | 93 | 40 | -27 | 30 | |
| 26 | -11 | 0 | -9 | -21 | -6 | 5 | -2 | -7 | -7 | -45 | -10 | |
| -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
Consolidated Figures in Rs. Crores / View Standalone
| 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
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share of diamond jewellery in sales % ・Standalone data |
|
|||||||||||
| Total number of stores count ・Standalone data |
||||||||||||
| Total retail area sq ft ・Standalone data |
||||||||||||
| Average ticket size - Diamond jewellery INR '000 ・Standalone data |
||||||||||||
| Average ticket size - Gold jewellery INR '000 ・Standalone data |
||||||||||||
| Diamond sales volume carats ・Standalone data |
||||||||||||
| Gold sales volume kgs ・Standalone data |
||||||||||||
| Customer walk-ins count ・Standalone data |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Communication To Shareholders
- TBZ recommends Rs.2.50 dividend for FY26; AGM on 9 Sep 2026, record date 2 Sep 2026.
- Newspaper Advertisement
-
Communication Sent To The Shareholders As Per Reg. 36(1)(B) Of SEBI (LODR) Regulations, 2015.
- TBZ 19th AGM scheduled on 9 September 2026; annual report links shared with shareholders.
- Reg. 34 (1) Annual Report.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of newspaper advertisement (Prior) relating to 19th Annual General Meeting
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from nse
-
Annual Report 2013
from bse
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Jan 2026TranscriptAI SummaryPPT
-
Nov 2025TranscriptAI SummaryPPT
-
Aug 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Feb 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024TranscriptPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021Transcript PPT
-
May 2021TranscriptAI SummaryPPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020Transcript PPT
-
Jul 2020Transcript PPT
-
Mar 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019Transcript PPT
-
Jun 2019Transcript PPT
-
Feb 2019Transcript PPT
-
Nov 2018Transcript PPT
-
Aug 2018Transcript PPT
-
May 2018TranscriptAI SummaryPPT
-
Mar 2018Transcript PPT
-
Dec 2017Transcript PPT
-
Aug 2017Transcript PPT
-
May 2017Transcript PPT
-
Feb 2017TranscriptAI SummaryPPT
-
Nov 2016Transcript PPT
-
Nov 2016TranscriptAI SummaryPPT
-
Aug 2016Transcript PPT
-
May 2016TranscriptPPT
-
Feb 2016Transcript PPT
Business Overview:[1][2]
TBZ, a 160-year-old family-run Indian jewellery business is currently run by the 5th generation of the family. It offers handcrafted gold, diamond, jadau, and platinum jewellery for various occasions, contemporary designs for daily wear, 8-10 new jewellery lines/year, and innovative collections like "Dohra" detachable jewellery.