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Tribhovandas Bhimji Zaveri Limited (TBZ.NS)

INR262.09 +2.12 (+0.82%)
IN NSE Consumer Cyclical Luxury Goods
Address West Wing, Tulsiani Chambers 400021
Mumbai, IN
CEO Shrikant Gopaldas Zaveri
IPO 2012-05-09
ISIN INE760L01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · TBZ.BO (INR) National Stock Exchange of India · TBZ.NS (INR)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR262.09 +2.12 (+0.82%)
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Volume Profile
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Liquidity & share structure
Average Volume
674.8K
Beta
0.50
Float Shares
14.65M
Free Float %
22.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+10.64% +9.94% +36.29% +39.52% +11.82% +11.56% -4.50% +114.56% +131.59% +177.81% +65.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
262.09
DCF (Unlevered) 514.54 +96.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.01
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Luxury Goods: +16.7%
    +22.0% Q1'26: +56.4% (vs Q1'25)
  • EPS growth Luxury Goods: +44.9%
    +195.8% Q1'26: +614.1% (vs Q1'25)
  • FCF margin FCF growth · Luxury Goods: +47.0%
    -1.8% Q1'26: +2.3% (vs Q1'25)
  • EBIT margin Luxury Goods: +9.4%
    +10.4% Q1'26: +12.6% (vs Q1'25)
  • ROIC Luxury Goods: +9.9%
    +15.3% Q1'26: +19.3% (vs Q1'25)
  • Share dilution Luxury Goods: +0.0%
    +0.0% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Luxury Goods: 0.25×
    2.46× Q1'26: 1.97× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.50) × ERP
WACC = 58% × Ke + 42% × Kd (7.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 512.04 Current price: 262.09
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2013
actual
Mar 2014
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Revenue
16.58B
est: 18.34B (-9.6%)
18.24B
est: 18.75B (-2.7%)
17.51B
est: 17.99B (-2.7%)
17.64B
est: 19.60B (-10.0%)
18.10B
est: 19.78B (-8.5%)
13.42B
est: 20.26B (-33.8%)
EBITDA
1.51B
est: 1.17B (+28.7%)
1.36B
est: 1.18B (+15.7%)
754.90M
est: 1.13B (-33.3%)
376.68M
est: 1.23B (-69.3%)
1.11B
est: -63.41M (+1,856.6%)
1.30B
est: 1.30B (-0.2%)
EBIT
1.42B
est: 943.03M (+51.0%)
1.26B
est: 1.45B (-12.9%)
673.80M
est: 1.39B (-51.5%)
274.72M
est: 987.78M (-72.2%)
791.43M
est: 668.98M (+18.3%)
1.03B
est: 1.05B (-1.5%)
Net Income
844.51M
est: 869.29M (-2.9%)
549.97M
est: 863.76M (-36.3%)
212.61M
est: 828.91M (-74.4%)
155.64M
est: 201.13M (-22.6%)
214.15M
est: 159.44M (+34.3%)
432.67M
est: 88.38M (+389.6%)
SGA
691.68M
est: 561.06M (+23.3%)
1.51B
est: 1.67B (-9.2%)
484.13M
est: 1.60B (-69.7%)
455.16M
est: 587.68M (-22.6%)
373.05M
est: 1.83B (-79.7%)
200.58M
est: 622.98M (-67.8%)
EPS
12.95
est: 13.03 (-0.6%)
8.25
est: 9.50 (-13.2%)
3.19
est: 2.93 (+8.9%)
2.33
est: 3.00 (-22.3%)
3.21
est: 1.98 (+62.2%)
6.48
est: 1.32 (+391.7%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-11 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-10 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-09 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-08 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-05 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-04 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-03 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-02 A- 4/5 1/5 5/5 5/5 2/5 4/5 4/5
2026-06-01 A- 4/5 1/5 5/5 5/5 1/5 4/5 4/5
2026-05-29 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-27 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-26 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-25 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-22 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-21 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-20 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-19 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-18 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-15 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-13 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-08 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-07 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-06 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-05 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-05-04 C 2/5 3/5 1/5 1/5 1/5 4/5 1/5
2026-04-30 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-29 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-28 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-27 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-24 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-23 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-22 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-21 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-20 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-17 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5
2026-04-16 C+ 2/5 4/5 1/5 1/5 1/5 4/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
458.01M
OE per share TTM
6.87
Owner's Yield
3.74%
Maintenance CapEx ratio
1.74%
Maint CapEx / Avg PPE
7.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.33M
Shares Outstanding
66.73M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shrikant Gopaldas Zaveri Executive Chairman, Chief Executive Officer & MD 36M male
Binaisha Shrikant Zaveri Whole-Time Director 30M female
Raashi Shrikant Zaveri Whole-Time Director 30M female
Mukesh Sharma Chief Financial Officer male
Pooran Jaiswal Chief Technical Officer male
Arpit Maheshwari Company Secretary & Compliance Officer male
Rajeev Sagar Head of Gold Operations male
Rakesh Pant President of Retail Sales & Operations male
Sailaja Head of Human Resources female
Kapil Budukh Head of Advertising & Marketing male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits