Tribhovandas Bhimji Zaveri Limited (TBZ) AI Stock Analysis

• Market Cap: ₹12.68B
• Dividend Yield: 0.93%
• Average Volume (3M): 60.38K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 1.38
• Revenue Growth: 13.93%
• EPS Growth: 22.81%
• Country: IN
• Employees: 997
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Luxury Goods
• EPS (TTM): 3.37
• Shares Outstanding: 66,730,620
• 10 Day Avg. Volume: 102,287
• 30 Day Avg. Volume: 60,382
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹211.00
• Price Target Upside: 12.50% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: ₹211.00 ▲(12.50% Upside)

Tribhovandas Bhimji Zaveri Limited demonstrates strong revenue growth and improving profitability, which are significant strengths. However, moderate leverage and cash flow issues present risks. The stock shows positive technical momentum, but valuation metrics suggest it is moderately priced with limited dividend yield.

Tribhovandas Bhimji Zaveri Limited Business Overview & Revenue Model

Company Description

Tribhovandas Bhimji Zaveri Limited (TBZ) is a renowned Indian jewelry retailer and manufacturer, established in 1864. The company specializes in the design, manufacture, and retail of gold, diamond, and precious stone jewelry. TBZ operates a chain of stores across India, offering a wide range of traditional and contemporary jewelry designs that cater to various consumer tastes and preferences, including bridal collections, fashion jewelry, and men's accessories.

How the Company Makes Money

TBZ makes money primarily through the sale of jewelry products. Its revenue model is based on the retailing of gold, diamond, and other precious gemstone jewelry through its numerous retail outlets across India. Key revenue streams include direct sales to consumers in physical stores, custom jewelry design services, and potentially online sales platforms. The company may also benefit from strategic partnerships with fashion brands and designers, enhancing its product offerings and brand visibility. Additionally, TBZ's earnings are influenced by factors such as fluctuations in gold and diamond prices, consumer spending trends, and the cultural significance of jewelry in Indian society, particularly for weddings and festive occasions.

Tribhovandas Bhimji Zaveri Limited Financial Statement Overview

Summary

Tribhovandas Bhimji Zaveri Limited shows strong revenue growth and improving profitability, with a healthy gross profit margin and strengthened EBIT/EBITDA margins. However, the balance sheet indicates moderate leverage, and cash flow challenges in 2025 highlight a need for improved cash management despite historical potential for recovery.

Income Statement

Tribhovandas Bhimji Zaveri Limited shows a strong revenue growth trajectory with a 14.20% increase in 2025 over 2024. Gross profit margin stands at a healthy 14.39% for 2025, indicating efficient cost management. The net profit margin improved to 2.60% in 2025, reflecting better profitability, although still modest. EBIT and EBITDA margins strengthened substantially, indicating improved operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is 1.20, which suggests moderate leverage, posing some risk if revenue growth doesn't sustain. However, the return on equity (ROE) at 10.41% in 2025 indicates decent returns on investment. The equity ratio is 37.15%, demonstrating a balanced capital structure with room for potential growth.

Cash Flow

Tribhovandas Bhimji Zaveri had a challenging year in 2025 with negative operating and free cash flows, indicating cash flow management issues. The free cash flow to net income ratio is negative, highlighting a reliance on external financing. However, previous years showed positive cash flow generation, suggesting potential for recovery.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	26.25B	22.99B	23.93B	18.44B	13.42B
Gross Profit	3.78B	3.17B	3.01B	2.39B	2.36B
EBITDA	1.77B	1.42B	1.19B	802.58M	1.30B
Net Income	683.88M	544.27M	401.90M	201.82M	432.67M
Balance Sheet
Total Assets	17.69B	14.59B	14.75B	14.57B	12.15B
Cash, Cash Equivalents and Short-Term Investments	982.13M	496.69M	454.91M	452.73M	395.47M
Total Debt	7.92B	6.14B	5.75B	5.88B	4.38B
Total Liabilities	11.12B	8.57B	9.15B	9.29B	6.92B
Stockholders Equity	6.57B	6.02B	5.60B	5.28B	5.23B
Cash Flow
Free Cash Flow	-388.13M	302.34M	854.40M	-672.83M	2.30B
Operating Cash Flow	-268.54M	396.89M	931.69M	-661.97M	2.31B
Investing Cash Flow	-450.42M	-65.75M	-66.11M	-20.92M	52.72M
Financing Cash Flow	849.44M	-291.86M	-867.24M	707.66M	-2.33B

Tribhovandas Bhimji Zaveri Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 187.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TBZ, the sentiment is Negative. The current price of 187.55 is below the 20-day moving average (MA) of 195.44, below the 50-day MA of 192.00, and below the 200-day MA of 207.96, indicating a bearish trend. The MACD of 1.49 indicates Negative momentum. The RSI at 44.83 is Neutral, neither overbought nor oversold. The STOCH value of 47.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TBZ.

Tribhovandas Bhimji Zaveri Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBZ	66 Neutral	₹12.68B	17.17		0.93%	13.93%	22.81%
SENCO	61 Neutral	₹55.39B	25.80		0.15%	27.47%	-0.43%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
PCJEWELLER	58 Neutral	₹88.24B	12.38		―	173.56%	―
THANGAMAYL	58 Neutral	₹61.40B	55.39		0.63%	28.28%	-16.65%