sharesgurusharesguru
Account menu
sharesguru
TBZ

TBZ - Tribhovandas Bhimji Zaveri Limited Share Price

Consumer Durables

191.63-3.70(-1.89%)
Market Open as of Aug 8, 2025, 13:29 IST

Valuation

Market Cap1.43 kCr
Price/Earnings (Trailing)19.42
Price/Sales (Trailing)0.54
EV/EBITDA11.11
Price/Free Cashflow-36.93
MarketCap/EBT14.03
Enterprise Value2.11 kCr

Fundamentals

Revenue (TTM)2.62 kCr
Rev. Growth (Yr)4.8%
Earnings (TTM)68.39 Cr
Earnings Growth (Yr)32%

Profitability

Operating Margin4%
EBT Margin4%
Return on Equity10.41%
Return on Assets3.87%
Free Cashflow Yield-2.71%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 3 kCr

Net Income (Last 12 mths)

Latest reported: 74 Cr

Growth & Returns

Price Change 1W15%
Price Change 1M8.1%
Price Change 6M16%
Price Change 1Y51.5%
3Y Cumulative Return42.1%
5Y Cumulative Return42.5%
7Y Cumulative Return15.7%
10Y Cumulative Return4.1%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-45.04 Cr
Cash Flow from Operations (TTM)-26.85 Cr
Cash Flow from Financing (TTM)84.94 Cr
Cash & Equivalents24.98 Cr
Free Cash Flow (TTM)-38.81 Cr
Free Cash Flow/Share (TTM)-5.82

Balance Sheet

Total Assets1.77 kCr
Total Liabilities1.11 kCr
Shareholder Equity657.21 Cr
Current Assets1.59 kCr
Current Liabilities1.02 kCr
Net PPE86.07 Cr
Inventory1.46 kCr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.4
Debt/Equity1.07
Interest Coverage0.71
Interest/Cashflow Ops0.52

Dividend & Shareholder Returns

Dividend/Share (TTM)3.5
Dividend Yield0.87%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%

Risk & Volatility

Max Drawdown-9%
Drawdown Prob. (30d, 5Y)45.38%
Risk Level (5Y)54.4%
Pros

Balance Sheet: Reasonably good balance sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Past Returns: Outperforming stock! In past three years, the stock has provided 42.1% return compared to 12.2% by NIFTY 50.

Momentum: Stock price has a strong positive momentum. Stock is up 8.1% in last 30 days.

Cons

Smart Money: Smart money looks to be reducing their stake in the stock.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.87%
Dividend/Share (TTM)3.5
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)11.06

Financial Health

Current Ratio1.55
Debt/Equity1.07

Technical Indicators

RSI (14d)60.01
RSI (5d)90.23
RSI (21d)61.51
MACD SignalBuy
Stochastic Oscillator SignalHold
Grufity SignalBuy
RSI SignalHold
RSI5 SignalSell
RSI21 SignalHold
SMA 5 SignalBuy
SMA 10 SignalBuy
SMA 20 SignalBuy
SMA 50 SignalBuy
SMA 100 SignalBuy

Summary of Latest Earnings Report from Tribhovandas Bhimji Zaveri

Summary of Tribhovandas Bhimji Zaveri's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Last updated:

Management Outlook:
TBZ's management remains optimistic about future growth, emphasizing resilience in a competitive market. They aim to balance strategic expansion with profitability, focusing on operational efficiency and prudent financial management. The company plans to open 2-3 new stores (own and franchise) in Q4 FY24 or early FY25, targeting "profitable market share" over rapid scale. Management expects improved revenue momentum in Q4 FY24 (boosted by January sales uptick) and targets 15-20% revenue growth in FY25 alongside EBITDA margin expansion to 6.5%+. Diamond jewelry demand is rising, with its contribution increasing to 23% in Q3 (vs. 20% YoY).

Major Points:

  1. Financial Performance:

    • Gross profit rose 13.5% YoY in Q3 (margin: 12.46%); EBITDA margin expanded to 6.1% (+77 bps YoY).
    • Revenue declined due to gold price volatility, reduced low-margin corporate sales, and a delayed wedding season.
  2. Expansion Strategy:

    • Opened a new showroom in Vapi (Gujarat) and plans 2 more stores soon.
    • Actively negotiating 5-8 franchise (FOFO) partnerships, prioritizing profitability over aggressive store count growth.
  3. Demand & Margins:

    • Wedding demand in Q3 was "flattish" due to high gold prices, but Q4 is expected to improve.
    • Margin growth driven by cost optimization, supply chain improvements, and a shift toward higher-margin diamond jewelry.
  4. Market Sentiment:

    • No significant election-related demand risks anticipated; long-term optimism tied to India's economic growth.
  5. Franchise Model:

    • Focus on FOFO stores to minimize capital expenditure; franchisees bear inventory and operational costs while TBZ provides branding/design support.

(Characters: 1,856)

Last updated:

Question 1: "I just like to know that there's a degrowth in the revenue, while the other company has shown a growth in the jewellery states? Any reason why our companies see the degrowth in the revenue?"
Answer Summary: Revenue decline attributed to competitors' new store expansions (not same-store growth), reduced low-margin corporate sales, gold price surges post-Diwali impacting volumes, and a 15-day shift in the wedding season to Q4.

Question 2: "By when can we expect the other stores to open up?"
Answer Summary: Two new stores planned for Q4 FY24 or early Q1 FY25, with 5"“8 franchise stores under negotiation for FY25. Expansion is cautious, prioritizing profitability over rapid growth.

Question 3: "What kind of demand you foresee for this particular quarter because there is a marriage season...?"
Answer Summary: Strong January sales indicate a positive Q4 outlook, with expectations of year-on-year growth driven by wedding season demand.

Question 4: "Does the management want to get more aggressive [with store openings]?"
Answer Summary: Focus remains on profitable market share, with 5"“8 franchise stores in active discussions. Selective expansion avoids "nooks and corners," prioritizing sustainability.

Question 5: "How is the wedding market?"
Answer Summary: Wedding season demand is flat YoY due to high gold prices, but not severely impacted.

Question 6: "What will be the share of studded jewellery in Q3?"
Answer Summary: Diamond jewelry share improved to 23% (vs. 20% YoY), reflecting a shift in product mix.

Question 7: "What EBITDA margin target is TBZ aiming for?"
Answer Summary: Margins are on an upward trajectory, expected to exceed 6.5% in near quarters and remain sustainable via cost optimization and operational efficiencies.

Question 8: "What is the franchise store expansion plan?"
Answer Summary: Franchisee-owned stores (FOFO) prioritized in FY25, with 5"“8 in discussion. Capital expenditure and inventory handled by franchisees; TBZ focuses on brand support.

Question 9: "What revenue growth guidance exists for FY25?"
Answer Summary: Targeting 15"“20% YoY revenue growth via same-store sales and new outlets, with improved margins from operating leverage.

Question 10: "How will elections impact demand?"
Answer Summary: No significant election-related demand risk anticipated; positive economic momentum expected to sustain growth.

Question 11: "How is the new Vapi store performing?"
Answer Summary: Vapi's smaller-format store shows promising traction and profitability, serving as a strategic experiment for future expansions.

Question 12: "How are franchise store margins structured?"
Answer Summary: Franchise models vary regionally, sharing gross margins while franchisees bear expenses. Focus on ROI for both parties, avoiding fixed margin commitments.

Share Holdings

Understand Tribhovandas Bhimji Zaveri ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
SHRIKANT GOPALDAS ZAVERI50.06%
BINAISHA SHRIKANT ZAVERI7.92%
RAASHI ZAVERI6.85%
BINDU SHRIKANT ZAVERI5.24%
MALABAR GOLD2.89%
TRIBHOVANDAS BHIMJI ZAVERI (TBZ) PRIVATE LIMITED2.02%
TRIBHOVANDAS BHIMJI ZAVERI JEWELLERS (MUMBAI) P2.02%
VIJAYKUMAR CHHOTABHAI KALIDAS PATEL1.03%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Tribhovandas Bhimji Zaveri Better than it's peers?

Detailed comparison of Tribhovandas Bhimji Zaveri against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
--------

Sector Comparison: TBZ vs Consumer Durables

Comprehensive comparison against sector averages

Comparative Metrics

TBZ metrics compared to Consumer

CategoryTBZConsumer
PE20.9774.56
PS0.550.76
Growth13.9 %51.8 %
0% metrics above sector average

Performance Comparison

TBZ vs Consumer (2021 - 2025)

TBZ outperforms the broader Consumer sector, although its performance has declined by 33.5% from the previous year.

Key Insights
  • 1. TBZ is NOT among the Top 10 largest companies in Gems, Jewellery And Watches.
  • 2. The company holds a market share of 0.5% in Gems, Jewellery And Watches.
  • 3. In last one year, the company has had a below average growth that other Gems, Jewellery And Watches companies.

Income Statement for Tribhovandas Bhimji Zaveri

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for Tribhovandas Bhimji Zaveri

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for Tribhovandas Bhimji Zaveri

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

What does Tribhovandas Bhimji Zaveri Limited do?

Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India. The company's products portfolio includes bangles, pendants, rings, necklaces, bracelets, earrings, coins, 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 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.

Industry Group:Consumer Durables
Employees:997
Website:www.tbztheoriginal.com