RBZ Jewellers Limited

RBZ Jewellers Limited

RBZJEWEL.NS
RBZ Jewellers LimitedIN flagNational Stock Exchange of India
154.24
INR
+0.53
- -
6.17BMarket Cap
RBZ Jewellers Limited
RBZJEWEL.NS
(National Stock Exchange of India)

Recent

price

154.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
FRC
26.75
63.03
71.98
100.37
132.54
- -
159.12
Revenue per Share
2.44
3.6
5.58
6.61
9.7
- -
13.7
Basic EPS, GAAP
-0.71
-0.02
-6.31
-16.1
-5.08
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
13.72
17.32
23.07
37.96
40.66
- -
10
Book Value per Share
13.89
17.49
23.11
62.92
60.72
- -
74.58
Tangible Book Value per Share
40
40
40
33
40
- -
40
Basic Weighted Avg Shares
1,070
2,521
2,879
3,274
5,301
6,365
6,365
Sales/Revenue/Turnover
17.69
10.08
12.66
11.33
11.59
13.75
13.75
Operating Margin (%)
15
14
14
14
28
43
43
Depreciation Expense
97
144
223
216
388
548
548
Net Income, GAAP
27.13
26.55
24.97
27.19
26.11
25.89
25.89
Effective Tax Rate (%)
9.11
5.71
7.76
6.59
7.32
8.61
8.61
Profit Margin (%)
520
671
912
1,997
2,161
2,641
2,641
Working Capital
122
126
231
203
43
510
510
LT Debt
556
700
925
2,075
2,450
2,998
2,998
Total Equity
- -
15.54
17.32
11.63
14.83
16.1
16.1
Return on Invested Capital (%)
- -
15.03
17.4
14.07
20.52
28.16
28.16
Return on Capital (%)
- -
23.2
27.64
19.96
27.08
54.08
54.08
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,151
- -
1,188
LT Borrowings
190
- -
225
LT Finance Leases
160
- -
285
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
- -
40
Market Capitalization
5,361
5,578
4,052

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,056
- -
3,968
Cash, Cash Equivalents & STI
38
- -
36
Accounts Receivable, Net
364
- -
558
Inventories
3,635
- -
3,357
Total Current Liabilities
1,699
- -
1,327
Payables & Accruals
- -
- -
- -
ST Debt
1,151
- -
1,188
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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
- -
49.11%
20.06%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
513
741
1,158
862
3,274
2025
824
1,166
1,938
1,373
5,301
2026
756
1,451
2,263
1,895
6,365

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
2.12
1.7
- -
6.61
2025
2.27
2.02
3.27
2.14
9.7
2026
1.78
4.64
4.36
2.92
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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.