RBZ Jewellers Limited

RBZ Jewellers Limited

180.55
INR
-9.50
(-5.00%)
14.19EPS
9.64P/E
5.47BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
26.75
63.03
71.98
100.37
132.53
159.12
170.38
Basic EPS, GAAP
2.44
3.6
5.58
6.61
9.7
13.7
14.19
Free Cash Flow per Basic Share
-0.71
-0.02
-6.31
-16.1
-5.08
-10.09
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
13.89
17.51
23.12
51.87
61.26
74.96
- -
Tangible Book Value per Share
13.89
17.49
23.11
51.32
60.72
74.58
- -
Basic Weighted Avg Shares
40
40
40
33
40
40
40
Sales/Revenue/Turnover
1,070
2,521
2,879
3,274
5,301
6,365
6,817
Operating Margin (%)
17.69
10.08
12.66
11.33
11.67
13.95
13.45
Depreciation Expense
15
14
14
14
28
43
51
Net Income, GAAP
97
144
223
216
388
548
568
Effective Tax Rate (%)
27.13
26.55
24.97
27.19
26.11
25.89
25.8
Profit Margin (%)
9.11
5.71
7.76
6.59
7.32
8.61
8.33
Working Capital
520
671
912
1,997
2,161
2,641
- -
LT Debt
122
126
231
203
43
510
- -
Total Equity
556
700
925
2,075
2,450
2,998
- -
Return on Invested Capital (%)
- -
15.54
17.93
11.63
14.9
16.24
- -
Return on Capital (%)
- -
14.95
17.35
11.54
14.83
15.73
- -
Return on Common Equity (%)
- -
22.94
27.49
14.38
17.15
20.11
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,188
- -
LT Borrowings
- -
225
- -
LT Finance Leases
- -
285
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
5,576
4,052
5,472

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,968
- -
Cash, Cash Equivalents & STI
- -
18
- -
Accounts Receivable, Net
- -
558
- -
Inventories
- -
3,357
- -
Total Current Liabilities
- -
1,327
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,188
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
44.59%
22.36%
Free Cash Flow
- -
6,948.36%
98.57%
Net Income, GAAP
- -
44.1%
41.23%
Sales/Revenue/Turnover
- -
49.1%
20.06%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
824
1,166
1,938
1,373
5,301
2026
756
1,451
2,263
1,895
6,365
2027
1,208
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.27
2.02
3.27
2.14
9.7
2026
1.78
4.64
4.36
2.92
13.7
2027
2.27
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Rajendrakumar Kantilal Zaveri
Full Time Employees
315
Sector
Consumer durables
Industry
Other consumer specialties
Address
Mondeal Retail Park Ahmedabad India 380054
IPO Date
Dec 27, 2023
Business
RBZ Jewellers Limited is an India-based company primarily engaged in the design, manufacture, and wholesale and retail distribution of gold jewelry with a specialization in antique bridal gold jewelry. The company offers an extensive range of products including 22-karat bridal and traditional jewelry, antique gold jewelry comprising Jadau, Meena, and Kundan work, as well as Polki and platinum jewelry. Its product portfolio covers diverse categories such as rings, earrings, pendants, bracelets, necklaces, chains, waistbands, and bangles, catering to various occasions including weddings, festivals, and daily wear. RBZ also incorporates precious and semi-precious stones like diamonds, emeralds, rubies, and pearls in its craftsmanship, serving both national and regional retailers along with its own retail operations under the brand Zinzuwadia Jewellers. The company operates manufacturing facilities in Ahmedabad, Gujarat, utilizing advanced technologies including casting, laser, and 3-D printing. Founded in 2008 and headquartered in Surat, India, RBZ Jewellers has established a prominent presence in the organized jewelry market with operations spanning 19 states and 72 cities across India, alongside exports to the Middle East. Its customers include leading retail chains such as Titan Company Limited, Malabar Gold Private Limited, Joyalukkas India Limited, and other family and regional retailers. The company operates under a dual business model encompassing wholesale manufacturing for large retail clients and expanding its footprint in retail through physical showrooms. Recent major developments include a strategic focus on expanding production capacity by fivefold and broadening the product mix to include 18-karat jewelry targeting daily-wear and occasion-wear segments in response to evolving consumer preferences. In the fiscal second quarter of 2026, RBZ reported 24% year-over-year sales growth, an improvement in margins from 12% to 20%, and a doubling of profit after tax to 19 crore INR. The company is actively pursuing store expansion plans to increase revenue contributions from retail outlets, aiming for a revenue target of approximately 1,000 crore INR by fiscal year 2027. Operational improvements have also included sharp margin enhancements and refined volume mix strategies to strengthen competitive positioning. Earlier in 2025, RBZ Jewellers dealt with an internal fraud case involving a cashier, which the company addressed promptly with legal action while maintaining business continuity. In summary, RBZ Jewellers Limited is a well-established Indian gold jewelry manufacturer and retailer specializing in highly crafted antique bridal pieces with robust wholesale and retail channels, ongoing capacity expansion, product innovation towards lighter karat usage, and strategic growth initiatives focused on scaling revenue and retail presence primarily within India and selected export markets. The company is headquartered in Surat and was founded in 2008.