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Tribhovandas Bhimji Zaveri Limited (TBZ) Stock Price & Analysis
TBZ Stock Chart & Stats
- Day’s Range
- INR 549.05 - INR 606.75
- 52-Week Range
- INR 110.95 - INR 798.20
- Previous Close
- INR 577.90
- Volume
- N/A
- Average Volume (3M)
- 41.85K
- Market Cap
- INR 38.56B
- Enterprise Value
- INR 51.53B
- Total Cash (Recent Filing)
- INR 1.02B
- Total Debt (Recent Filing)
- INR 0
- Price to Earnings (P/E)
- 20.6
- Beta
- 1.45
- Next Earnings
- Feb 10, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 02, 2026
- Dividend Yield
- 0.41%
Bulls Say, Bears Say
Bulls Say
Sustained Revenue Growth
Revenue reached 32.0B in FY2026, up 15.6% year over year and from 13.4B in FY2021. This sustained expansion indicates strong demand across TBZ’s jewellery retail and manufacturing model, providing a larger revenue base for operating scale and future growth.
Improved Net Income
Net income increased materially to 2.0B in FY2026 from 0.7B in FY2025 and 0.4B in FY2023. The improvement shows stronger earnings generation in absolute terms and gives TBZ greater capacity to reinvest in its jewellery network, products, and customer proposition.
Expanded Asset Base
TBZ’s asset base expanded substantially to 21.0B in FY2026 from 12.1B in FY2021, alongside reported ROE of roughly 7%–10% in recent years. This reflects a larger operating platform and evidence that the company has been generating shareholder returns as it grows.
Bears Say
Negative Cash Generation
Operating cash flow and free cash flow were both negative for two consecutive years, with FY2026 figures of -331M and -473M. This weak conversion of reported earnings into cash can increase funding requirements, limit internally financed expansion, and heighten financial pressure.
Rising Leverage
Total debt more than doubled to 8.86B in FY2026 from 4.38B in FY2021, with recent debt-to-equity around 1.0–1.2x. Although described as workable, this leverage reduces financial flexibility and leaves less room to absorb weaker demand or continued cash-flow volatility.
Thin, Volatile Margins
TBZ’s historically thin net margins of roughly 1.1%–3.2%, together with a sharp EBITDA swing in FY2025, indicate inconsistent earnings quality. Limited margin headroom makes profitability more sensitive to changes in product mix, operating costs, and jewellery demand.
Tribhovandas Bhimji Zaveri Limited News
Tribhovandas Bhimji Zaveri files SEBI dematerialization compliance certificate for September quarter
Tribhovandas Bhimji Zaveri Limited ( ($IN:TBZ) ) has provided an announcement. Tribhovandas Bhimji Zaveri Limited has reported that, for the quarter and half-year ended 30 September 2026, all details of
TBZ FAQ
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Company Description
Tribhovandas Bhimji Zaveri Limited
Tribhovandas Bhimji Zaveri Limited (TBZ) is an Indian jewelry firm engaged in the comprehensive process of designing, manufacturing, retailing, and selling a diverse range of ornaments, with its primary operations centered in India. The company's extensive collection includes items such as bangles, pendants, earrings, necklaces, bracelets, rings, and traditional mangalsutras. TBZ offers pieces crafted in various styles and materials, encompassing pure gold, diamond-studded creations, jewelry adorned with precious and semi-precious stones, and both unadorned and diamond-set platinum. Their selection also features lightweight and contemporary designs, gold jewelry with vibrant colored stones, as well as individual loose diamonds, solitaires, loose precious and semi-precious gemstones, and intricate jadau jewelry. As of March 31, 2022, Tribhovandas Bhimji Zaveri Limited maintained a significant retail footprint, operating twenty-eight company-owned stores and three franchised locations across twenty-five cities in twelve Indian states. This well-established enterprise, headquartered in Mumbai, India, traces its origins back to 1864.
- Sector
- General
- Industry
- Luxury Goods
- CEO
- Shrikant Gopaldas Zaveri
- Employees
- 1,136
- Website
- www.tbztheoriginal.com
- Address
- West Wing, Tulsiani Chambers, Mumbai, MA, 400021, IN
Tribhovandas Bhimji Zaveri Limited (TBZ) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 5 | 7 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 7 | 0 | 5 |
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