Trib Bhimji Zaveri Ltd
NSE: TBZ · Gems, Jewellery And Watches · sector
₹645.45NSE close 2026-10-26
Key numbers
Market cap₹4,307 cr
Price₹645.45
52w high / low₹789 / ₹110
P/E20.1xSector median 16.4x
P/B5.1xSector median 1.9x
Book value₹125.6
Dividend yield0.34%Sector median 0.46%
ROE28.6%Sector median 14.7%
ROCE22.0%Sector median 15.0%
OPM11.1%Sector median 6.6%
Debt / equity0.94xSector median 0.26x
EV/EBITDA13.1xSector median 15.4x
Interest cover5.1x
Current ratio1.65x
Sales growth 3y+10.2%Sector median +25.6%
Profit growth 3y+71.4%Sector median +26.1%
PEG0.28x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹102 cr vs borrowings ₹786 cr (FY26): borrowings are higher by ₹684 cr.
- Borrowings rose in each of the last 3 years (₹487 cr → ₹786 cr).
- Operating profit covered interest 5.1x in the last 12 months.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹645.45 on 2026-10-26: -18.2% from the 52-week high, +484.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹759.15 · low ₹121.11
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 567 | 928 | 529 | 624 | 688 | 1,061 | 830 | 841 |
| EBITDA | 35 | 60 | 36 | 53 | 64 | 131 | 112 | 72 |
| OPM % | 6.2% | 6.5% | 6.8% | 8.5% | 9.3% | 12.4% | 13.5% | 8.6% |
| Other income | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Net profit | 12 | 30 | 9 | 22 | 32 | 81 | 68 | 34 |
| EPS (₹) | 1.79 | 4.48 | 1.42 | 3.37 | 4.73 | 12.08 | 10.14 | 5.08 |
| Revenue YoY | +21.3% | +14.4% | +56.7% | +34.8% | ||||
| Profit YoY | +163.4% | +169.8% | +612.8% | +50.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,844 | 2,394 | 2,299 | 2,620 | 3,203 | 3,420 |
| EBITDA | 76 | 116 | 139 | 173 | 361 | 380 |
| Net profit | 20 | 40 | 54 | 68 | 202 | 214 |
| EPS (₹) | 3.02 | 6.02 | 8.16 | 10.25 | 30.32 | 32.03 |
| Revenue growth | +29.8% | -4.0% | +14.0% | +22.2% | +29.1% | |
| Profit growth | +99.2% | +35.4% | +25.6% | +195.8% | +189.4% | |
| Dividend / share (₹) | 2.50 | – | 1.75 | 1.75 | 2.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.2% | +19.0% | +29.1% |
| Net profit | +71.4% | +36.1% | +189.5% |
| EPS | +71.4% | +36.2% | – |
| Share price | – | +56.6% (2y) | +296.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 560 | 602 | 657 | 838 |
| Borrowings | – | 487 | 533 | 700 | 786 |
| Cash & equivalents | – | 46 | 50 | 98 | 102 |
| Total assets | – | 1,475 | 1,459 | 1,769 | 2,102 |
| Fixed assets | – | 81 | 83 | 86 | 95 |
| Capital work in progress | – | 1 | 0 | 1 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 2 | 16 | 4 | 3 |
| Inventory | – | 1,223 | 1,197 | 1,461 | 1,773 |
| Payables | – | 207 | 109 | 162 | 170 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -66 | 93 | 40 | -27 | 30 |
| Cash from investing | -2 | -7 | -7 | -45 | -10 |
| Cash from financing | 71 | -87 | -29 | 85 | -17 |
| Capex | 1 | 8 | 9 | 12 | 14 |
| Free cash flow | -67 | 85 | 30 | -39 | 16 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.2% | 9.0% | 10.4% | 24.1% |
| ROCE % | – | 9.2% | 10.7% | 11.2% | 20.9% |
| Debtor days | – | 0 | 3 | 0 | 0 |
| Inventory days | – | 214 | 223 | 241 | 249 |
| Payable days | – | 36 | 20 | 27 | 24 |
| Cash conversion cycle (days) | – | 178 | 206 | 214 | 225 |
| Working capital days | – | 70 | 81 | 79 | 86 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.12% |
| FIIs | 0.45% |
| DIIs | 0.25% |
| Public (non-institutions) | 25.18% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% |
| Promoter group | % |
|---|---|
| Shrikant Gopaldas Zaveri | 50.06% |
| Binaisha Shrikant Zaveri | 7.92% |
| Raashi Shrikant Zaveri | 6.85% |
| Bindu Shrikant Zaveri | 5.24% |
| Tribhovandas Bhimji Zaveri (TBZ) Private Limited | 2.02% |
| Tribhovandas Bhimji Zaveri Jewellers (Mumbai) Priv | 2.02% |
| Public holders above 1% | % |
|---|---|
| Vanaja Sundar Iyer | 1.57% |
| SI Investments and Broking Private Limited | 1.50% |
| Siddharth Iyer | 1.42% |
46,200 shareholders. Pledged: – of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| TBZ | ₹4,307 cr | 20.1x | 5.1x | 28.6% | 22.0% | 11.1% | +10.2% | 0.34% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-09-02 | Dividend | Dividend - Rs 2.25 Per Share |
| 2024-09-03 | Dividend | Annual General Meeting/Dividend - Rs 1.75 Per Share |
| 2023-09-06 | Dividend | Annual General Meeting/Dividend - Rs 1.75 Per Share |
| 2022-08-19 | Dividend | Annual General Meeting/Dividend - R E 1 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2020-09-22 | Other | Annual General Meeting |
| 2020-03-19 | Dividend | Interim Dividend - Re 1 Per Share |
| 2019-09-17 | Dividend | Annual General Meeting/Dividend - Rs 0.75 Per Share |
| 2018-07-23 | Dividend | Annual General Meeting/Dividend- Re 0.75 Per Share |
| 2017-09-11 | Other | Annual General Meeting |
| 2016-09-09 | Other | Annual General Meeting |
| 2015-09-01 | Dividend | Annual General Meeting/ Dividend - Re 1/- Per Share |
| 2014-09-11 | Dividend | Annual General Meeting / Dividend - Rs 1.50/- Per Share + Special Dividend - Re 0.75/- Per Share |
| 2013-08-14 | Dividend | Annual General Meeting And Dividend Rs.2.25 Per Share |
| 2012-09-13 | Dividend | Annual General Meeting/ Dividend Rs. 0.75 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | TBZ |
| BSE code | 534369 |
| ISIN | INE760L01018 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.