Tribhovandas Bhimji Zaveri Ltd

Tribhovandas Bhimji Zaveri Ltd

₹ 243 -7.58%
07 Oct - close price
About

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]

Key Points

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.

  • Market Cap 1,619 Cr.
  • Current Price 243
  • High / Low 360 / 93.0
  • Stock P/E 26.9
  • Book Value 90.1
  • Dividend Yield 0.72 %
  • ROCE 10.9 %
  • ROE 9.33 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 27.9%

Cons

  • Stock is trading at 2.69 times its book value
  • Company has a low return on equity of 6.95% 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
194 456 763 431 580 537 812 465 571 481 741 507 596
195 434 724 415 561 514 768 434 538 451 695 475 555
Operating Profit -1 22 39 17 18 23 44 31 32 30 46 31 41
OPM % -1% 5% 5% 4% 3% 4% 5% 7% 6% 6% 6% 6% 7%
2 2 1 2 2 1 1 1 1 1 2 2 1
Interest 8 8 10 9 12 10 11 12 12 13 12 13 13
Depreciation 6 6 6 5 6 6 6 6 6 6 6 5 6
Profit before tax -13 10 25 4 3 8 27 14 15 12 29 15 23
Tax % -26% 25% 25% 10% 30% 27% 25% 15% 25% 26% 26% 17% 27%
-10 7 19 4 2 5 21 12 11 9 21 13 17
EPS in Rs -1.47 1.10 2.85 0.54 0.37 0.82 3.08 1.76 1.70 1.35 3.21 1.89 2.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,658 1,824 1,934 1,655 1,690 1,751 1,764 1,810 1,342 1,844 2,394 2,299 2,324
1,505 1,685 1,854 1,612 1,617 1,672 1,681 1,690 1,216 1,762 2,269 2,153 2,176
Operating Profit 153 139 80 42 73 79 83 120 126 82 124 146 148
OPM % 9% 8% 4% 3% 4% 5% 5% 7% 9% 4% 5% 6% 6%
4 5 23 4 3 6 4 2 12 8 5 6 6
Interest 25 52 57 61 55 44 53 62 52 41 53 57 51
Depreciation 8 10 9 10 9 9 10 32 27 23 24 24 24
Profit before tax 124 83 38 -26 12 32 23 28 60 26 52 72 80
Tax % 32% 34% 36% 7% -10% 34% 33% 24% 28% 22% 23% 24%
84 55 24 -28 13 21 16 21 43 20 40 54 60
EPS in Rs 12.67 8.25 3.65 -4.13 1.94 3.19 2.33 3.21 6.48 3.02 6.02 8.16 9.01
Dividend Payout % 18% 27% 27% 0% 0% 24% 32% 31% 39% 33% 29% 21%
Compounded Sales Growth
10 Years: 2%
5 Years: 5%
3 Years: 20%
TTM: -3%
Compounded Profit Growth
10 Years: 0%
5 Years: 28%
3 Years: 8%
TTM: 22%
Stock Price CAGR
10 Years: 5%
5 Years: 42%
3 Years: 41%
1 Year: 111%
Return on Equity
10 Years: 4%
5 Years: 7%
3 Years: 7%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 343 381 397 369 389 410 417 414 456 461 494 535
419 568 588 650 549 569 606 637 438 588 575 614
351 301 237 210 187 174 334 350 254 341 339 243
Total Liabilities 1,181 1,316 1,289 1,296 1,192 1,219 1,423 1,468 1,215 1,457 1,475 1,459
90 97 108 109 103 103 111 174 140 152 159 151
CWIP 2 2 5 0 2 0 0 0 0 0 1 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
1,089 1,218 1,176 1,187 1,088 1,116 1,312 1,294 1,075 1,305 1,316 1,308
Total Assets 1,181 1,316 1,289 1,296 1,192 1,219 1,423 1,468 1,215 1,457 1,475 1,459

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -30 15 14 153 42 32 149 231 -66 93 40
-62 -54 26 -11 0 -9 -21 -6 5 -2 -7 -7
372 86 -47 -2 -155 -27 -16 -147 -233 71 -87 -29
Net Cash Flow 8 1 -7 1 -2 6 -4 -4 3 2 -0 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 279 270 246 292 261 265 307 293 326 276 214 223
Days Payable 46 19 24 24 20 24 51 48 46 46 36 20
Cash Conversion Cycle 233 252 222 269 241 246 261 246 280 230 178 205
Working Capital Days 152 165 169 204 184 185 192 180 210 180 141 160
ROCE % 25% 15% 8% 3% 6% 7% 7% 8% 11% 6% 9% 11%

Shareholding Pattern

Numbers in percentages

66 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 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%
1.38% 1.45% 1.31% 1.28% 0.93% 0.59% 0.60% 0.56% 0.94% 1.82% 1.02% 0.76%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
24.50% 24.43% 24.57% 24.61% 24.94% 25.29% 25.27% 25.31% 24.94% 24.05% 24.87% 25.12%
No. of Shareholders 33,43332,91034,27933,60132,12030,37829,62430,15229,29030,87631,11131,369

* 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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