Tribhovandas Bhimji Zaveri Limited TBZ NSE

Consumer Cyclical · Luxury Goods · India

https://www.tbztheoriginal.com

Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India. The company offers bangles, pendants, rings, necklaces, bracelets, earrings, coins, gold bars, and mangalsutras. It also provides products in a various style, such as gold, diamond studded, precious and semi-precious stone studded, and plain and diamond studded platinum; lightweight and contemporary jewelry; temple jewelry; jewelry with colored stones studded in gold; loose diamonds; solitaires; loose precious and semi-precious stones; and jadau jewelry. In addition, the company is involved in franchise related business. It operates through stores and franchise stores. Tribhovandas Bhimji Zaveri Limited was founded in 1864 and is based in Mumbai, India.

Market & Price

Market Cap

₹1,104.33 Cr

Current Price

₹165.49

High / Low (52W)

₹212.20 / ₹111.51

Beta

Valuation

Stock P/E

7.66

Industry PE

26.67

Forward P/E

55.72

PEG Ratio

Book Value

₹104.40

Price to Book

1.59

P/S

0.34

EV/EBITDA

5.13

Dividend Yield

1.36%

Profitability & Returns

ROCE

19.83%

ROE

27.06%

ROA

10.94%

Profit Margin

6.30%

Op Margin

12.75%

EPS (Latest Qtr)

₹12.08

EPS (TTM)

₹21.60

Balance Sheet & Liquidity

Debt/Equity

1.06

Quick Ratio

0.09

Current Ratio

1.65

Debt

₹886.21 Cr

Total Assets

₹1,769.35 Cr

Current Assets

₹1,585.29 Cr

Working Capital

₹563.95 Cr

Ownership

Promoter Holding

78.05%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,888.37 Cr

Total Revenue (TTM)

₹3,210.30 Cr

EBITDA

₹368.19 Cr

Free Cash Flow

₹-81.27 Cr

Operating Cash Flow

₹29.69 Cr

Shares Outstanding

₹6.67 Cr

Gross Margin

18.27%

Payout Ratio

10.42%

Growth (CAGR)

Revenue 5Y

12.43%

Profit 5Y

50.20%

Revenue (YoY)

57.10%

Earnings (YoY)

614.10%

PROS

Strong return on equity of 27.1%.
Compounding revenue at 12.4% over 5 years.
Profit CAGR of 50.2% over 5 years.

CONS

In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	TBZ Tribhovandas Bhimji Zaveri Limited NSE	165.49	7.66	₹1,104.33 Cr	1.36%	19.83%	27.06%	12.43%	50.20%
2	MARUTI Maruti Suzuki India Limited NIFTY50NSEAI	13,127.00	28.09	₹4.13 L Cr	1.07%	17.22%	14.43%	16.60%	21.11%
3	M&M Mahindra & Mahindra Limited NIFTY50NSEAI	3,045.60	20.00	₹3.66 L Cr	1.08%	17.26%	18.75%	18.44%	18.48%
4	TITAN Titan Company Limited NIFTY50NSE	4,074.90	71.43	₹3.61 L Cr	0.27%	38.43%	37.13%	23.83%	16.00%
5	ETERNAL Eternal Limited NSEAITECH	250.58	626.45	₹2.30 L Cr	-	2.87%	1.19%	97.70%	45.90%
6	EICHERMOT Eicher Motors Limited NIFTY50NSEAI	7,177.00	35.71	₹1.97 L Cr	0.98%	26.43%	23.77%	17.47%	23.70%
7	TVSMOTOR TVS Motor Company Limited NSE	3,355.70	52.91	₹1.59 L Cr	0.36%	28.86%	31.62%	26.91%	31.46%
8	HYUNDAI HYUNDAI MOTOR INDIA LTD NSE	1,924.00	28.82	₹1.56 L Cr	1.09%	32.62%	29.92%	5.50%	4.87%
9	MOTHERSON Samvardhana Motherson International Limited NSEAI	145.74	39.82	₹1.53 L Cr	0.41%	11.82%	10.11%	17.10%	37.17%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	927.81 Cr	528.83 Cr	623.98 Cr	687.80 Cr	1,061.39 Cr
Cost of Revenue	-	795.66 Cr	451.81 Cr	512.06 Cr	557.13 Cr	867.30 Cr
Gross Profit	-	132.15 Cr	77.02 Cr	111.92 Cr	130.66 Cr	194.09 Cr
Operating Expenses	-	78.17 Cr	38.86 Cr	66.19 Cr	74.14 Cr	69.14 Cr
Operating Income	-	53.98 Cr	38.17 Cr	45.73 Cr	56.52 Cr	124.95 Cr
EBITDA	-	60.95 Cr	34.02 Cr	54.88 Cr	66.01 Cr	133.20 Cr
Interest Expense	-	13.21 Cr	13.48 Cr	17.67 Cr	16.48 Cr	18.51 Cr
Pretax Income	-	41.59 Cr	13.57 Cr	29.79 Cr	41.88 Cr	108.50 Cr
Tax Provision	-	11.71 Cr	4.08 Cr	7.29 Cr	10.35 Cr	27.86 Cr
Net Income	-	29.88 Cr	9.49 Cr	22.50 Cr	31.53 Cr	80.63 Cr
Diluted EPS	1.79	4.48	-	3.37	4.73	12.08

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	1,843.68 Cr	2,393.43 Cr	2,298.79 Cr	2,619.86 Cr
Cost of Revenue	1,604.45 Cr	2,092.25 Cr	1,971.54 Cr	2,227.00 Cr
Gross Profit	239.23 Cr	301.18 Cr	327.25 Cr	392.87 Cr
Operating Expenses	180.09 Cr	200.35 Cr	204.38 Cr	236.45 Cr
Operating Income	59.14 Cr	100.83 Cr	122.87 Cr	156.42 Cr
EBITDA	80.26 Cr	119.36 Cr	141.89 Cr	173.78 Cr
Interest Expense	31.80 Cr	42.84 Cr	46.62 Cr	52.59 Cr
Pretax Income	25.95 Cr	52.04 Cr	71.59 Cr	95.76 Cr
Tax Provision	5.76 Cr	11.85 Cr	17.16 Cr	27.37 Cr
Net Income	20.18 Cr	40.19 Cr	54.43 Cr	68.39 Cr
Diluted EPS	3.02	6.02	8.16	10.25

Compounded Sales Growth

5 Years:	12.43%
1 Year:	57.10%

Compounded Profit Growth

5 Years:	50.20%
1 Year:	614.10%

Stock Price Performance

1 Year:	-10.31%
6 Months:	-4.31%
3 Months:	+8.01%
1 Month:	+14.04%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	1,456.65 Cr	1,475.05 Cr	1,458.56 Cr	1,769.35 Cr
Current Assets	1,286.51 Cr	1,299.96 Cr	1,288.86 Cr	1,585.29 Cr
Cash & Equivalents	8.17 Cr	8.00 Cr	11.93 Cr	24.98 Cr
Inventory	1,204.42 Cr	1,222.68 Cr	1,197.06 Cr	1,460.64 Cr
Receivables	1.61 Cr	1.60 Cr	16.16 Cr	3.50 Cr
Total Liabilities	929.07 Cr	914.65 Cr	857.03 Cr	1,112.14 Cr
Current Liabilities	860.92 Cr	838.26 Cr	777.87 Cr	1,021.34 Cr
Long Term Debt	9.30 L	57.41 L	59.50 L	1.84 Cr
Total Debt	587.89 Cr	575.43 Cr	613.95 Cr	791.76 Cr
Total Equity	527.58 Cr	560.41 Cr	601.53 Cr	657.21 Cr
Shares Outstanding	6.67 Cr	6.67 Cr	6.67 Cr	6.67 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	-66.20 Cr	93.17 Cr	39.69 Cr	-26.85 Cr
Investing Cash Flow	-2.09 Cr	-6.61 Cr	-6.57 Cr	-45.04 Cr
Financing Cash Flow	70.77 Cr	-86.72 Cr	-29.19 Cr	84.94 Cr
Capital Expenditure	-1.09 Cr	-7.73 Cr	-9.46 Cr	-11.96 Cr
Free Cash Flow	-67.28 Cr	85.44 Cr	30.23 Cr	-38.81 Cr
Net Change in Cash	2.48 Cr	-16.52 L	3.93 Cr	13.05 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	13.0%	12.6%	14.2%	15.0%
Operating Margin %	3.2%	4.2%	5.3%	6.0%
Net Margin %	1.1%	1.7%	2.4%	2.6%
ROE %	3.8%	7.2%	9.0%	10.4%
ROCE %	9.9%	15.8%	18.1%	20.9%

Shareholding Pattern

Insiders

78.05%

Institutions

0.00%

Public Float

0.00%

Analyst View

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TBZ · Consumer Cyclical