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Tribhovandas Bhimji Zaveri Limited

Tribhovandas Bhimji Zaveri Limited

TBZ.BO
Tribhovandas Bhimji Zaveri LimitedIN flagBombay Stock Exchange
201.80
INR
+3.10
- -
13.45BMarket Cap
Tribhovandas Bhimji Zaveri Limited
TBZ.BO
(Bombay Stock Exchange)

Recent

price

201.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
238.79
275.55
254.32
273.53
289.91
247.99
253.19
262.37
264.28
271.22
201.09
276.29
358.67
344.49
392.66
- -
480.04
Revenue per Share
7.84
11.43
12.95
8.25
3.65
-4.13
1.94
3.19
2.33
3.21
6.48
3.02
6.02
8.16
10.25
- -
30.32
Basic EPS, GAAP
3.67
6.21
-53.45
-7.35
0.29
0.66
21.8
4.84
2.6
21.82
34.44
-10.08
13.96
5.95
-4.02
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
2.25
2.25
1
- -
- -
0.9
2.11
- -
2.5
1
1.75
1.75
- -
- -
Dividend per Share
21.19
31.59
35.78
39.77
42.16
39.09
41.02
44.21
45.44
45.14
51.62
51.75
56.67
62.83
71.19
- -
10
Book Value per Share
20.99
31.55
62.33
66.78
69.05
66.1
68.15
71.32
72.01
71.71
78.12
78.92
83.93
90.11
98.4
- -
125.48
Tangible Book Value per Share
50
50
65
67
67
67
67
67
67
67
67
67
67
67
67
- -
67
Basic Weighted Avg Shares
11,939
13,804
16,583
18,243
19,342
16,548
16,896
17,508
17,636
18,099
13,419
18,437
23,934
22,988
26,199
32,028
32,028
Sales/Revenue/Turnover
6.87
8.56
8.59
6.8
3.84
2.64
3.82
4.1
4.11
4.92
7.68
3.22
4.21
5.03
5.63
10.35
10.35
Operating Margin (%)
43
55
83
103
87
104
90
88
102
323
266
225
245
237
254
293
293
Depreciation Expense
392
572
845
550
243
-275
129
213
156
214
433
202
402
544
684
2,023
2,023
Net Income, GAAP
34.7
34.3
31.72
33.61
35.61
- -
- -
33.49
32.76
23.68
27.61
22.22
22.77
23.97
28.59
25.15
25.15
Effective Tax Rate (%)
3.28
4.15
5.09
3.01
1.26
-1.66
0.77
1.21
0.88
1.18
3.22
1.09
1.68
2.37
2.61
6.32
6.32
Profit Margin (%)
557
1,025
3,278
3,528
3,565
3,303
3,354
3,576
3,609
3,565
4,260
4,256
4,617
5,110
5,640
7,520
7,520
Working Capital
62
29
195
165
120
75
1
1
- -
611
506
608
682
671
729
862
862
LT Debt
1,074
1,600
4,099
4,474
4,636
4,431
4,558
4,767
4,838
4,807
5,229
5,276
5,604
6,015
6,572
8,382
8,382
Total Equity
- -
22.89
16.37
8.98
4.65
- -
- -
4.66
4.56
6.16
7.18
4.45
6.92
7.48
7.91
15.64
15.64
Return on Invested Capital (%)
- -
16.95
16.73
11.34
6.38
- -
- -
5.31
2.08
6.54
8.68
5.24
7.77
9.29
9.43
22.85
22.85
Return on Capital (%)
- -
43.33
43.13
22.06
8.9
-10.16
4.84
7.48
5.2
7.09
13.4
5.85
11.11
13.65
15.3
74.69
74.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7,458
- -
8,000
LT Borrowings
35
- -
31
LT Finance Leases
727
- -
831
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
67
- -
67
Market Capitalization
12,170
10,974
7,439

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
18,521
- -
19,019
Cash, Cash Equivalents & STI
955
- -
1,063
Accounts Receivable, Net
42
- -
30
Inventories
17,285
- -
17,729
Total Current Liabilities
12,484
- -
11,498
Payables & Accruals
- -
- -
- -
ST Debt
7,458
- -
8,000
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.83%
10.25%
27.53%
Free Cash Flow
308.15%
-160.67%
-210.56%
Net Income, GAAP
33.3%
60.54%
195.82%
Sales/Revenue/Turnover
8.27%
19.9%
22.25%
Total Cash Common Dividend
- -
- -
28.57%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,708
4,805
7,410
5,065
22,988
2025
5,962
5,670
9,278
5,288
26,199
2026
6,240
6,878
10,614
8,297
32,028

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.7
1.35
3.21
- -
8.16
2025
2.55
1.79
4.48
1.42
10.25
2026
3.37
4.73
12.08
10.14
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.75
2025
- -
- -
- -
- -
1.75
2026
- -
- -
- -
- -
- -
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Business
Tribhovandas Bhimji Zaveri Limited Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails and sells jewellery products primarily in India. The company offers an extensive portfolio of handcrafted ornaments including plain gold jewellery; studded diamonds; precious and semi-precious stone studded pieces; lightweight and contemporary designs; temple jewellery; plain and diamond studded platinum; and coloured stone studded in gold, encompassing bangles, pendants, rings, necklaces, bracelets, earrings, coins and mangalsutras. It pioneered 100% BIS hallmarked 22 karat gold jewellery, certified solitaire diamonds, lifetime buyback schemes on gold and diamond jewellery, and lightweight precious jewellery, with a state-of-the-art in-house manufacturing facility for diamond-studded pieces in Kandivali, Mumbai, supported by a nationwide network of over 150 vendors for gold processing. Founded in 1864 with headquarters in Mumbai, the family-run business led by Chairman and Managing Director Shrikant Zaveri operates 37 stores across 27 cities in 13 states, including flagship locations in Zaveri Bazaar and branches in Maharashtra, Gujarat, Jaipur, Bhubaneswar, Rourkela and other regions, serving wedding, festive, everyday and contemporary segments through company-owned and franchise models with aggregate retail space exceeding 100,000 square feet. Recent expansions include new stores in Jaipur, Bhubaneswar and Rourkela in FY2025, increasing the total to 35 as of March 31, 2025, alongside a new outlet in Kalyan, Maharashtra, and robust financial performance with 14% revenue growth to Rs 2,620 crore, 27% EBITDA increase to Rs 176 crore and 34% PAT rise to Rs 72 crore in FY2025, driven by marketing campaigns like Shaadi Matlab TBZ, Tyohaar Matlab TBZ and Diamond No Making Festival.