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Tribhovandas Bhimji Zaveri Limited

Tribhovandas Bhimji Zaveri Limited

TBZ.NS
Tribhovandas Bhimji Zaveri LimitedIN flagNational Stock Exchange of India
228.34
INR
-3.21
- -
15.24BMarket Cap
Tribhovandas Bhimji Zaveri Limited
TBZ.NS
(National Stock Exchange of India)

Recent

price

228.34

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
344.64
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
62.86
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
90.15
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
12,155
10,996
7,440

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 (TBZ.NS) is an Indian jewellery retailer that designs, manufactures and retails gold, diamond, platinum and silver jewellery through a network of company-owned and franchise stores; its core offerings include handcrafted 22-karat BIS hallmarked gold jewellery, certified solitaire diamonds, jadau pieces, lightweight precious designs for daily wear, occasion-specific collections and the Gentlemen's Collection in gold and diamonds, along with lifetime buyback schemes and designer boutiques under the Krsala brand for jadau and diamond-studded pieces. Founded in 1864 and headquartered in Mumbai with a manufacturing unit in Kandivali, the company operates 37 showrooms across 27 cities in 13 states, targeting wedding, fashion and millennial customers primarily in India with a strong presence in Maharashtra, Gujarat and expanding into eastern regions. In recent developments, TBZ opened five new stores in Ahmedabad, Hyderabad, Jaipur, Bhubaneswar and Rourkela during FY2025, increasing its footprint to 37 outlets; it reported robust Q2 and H1 FY26 financials with revenue up 21.3% year-over-year to Rs 6,878 million and profit after tax surging 132% to Rs 307 million in Q2, driven by margin expansions, cost efficiencies and strategic focus on high-margin segments.