Tribhovandas Bhimji Zaveri Limited (TBZ) AI Stock Analysis

• Market Cap: ₹12.61B
• Dividend Yield: 1.38%
• Average Volume (3M): 15.61K
• Price to Earnings (P/E): 6.3
• Beta (1Y): 1.61
• Revenue Growth: 22.23%
• EPS Growth: 195.85%
• Country: IN
• Employees: 997
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): 14.00
• Shares Outstanding: 66,730,620
• 10 Day Avg. Volume: 19,401
• 30 Day Avg. Volume: 15,608
• PEG Ratio: 0.02
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -15.74
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹201.00 ▲(22.49% Upside)
• Action: Reiterated
• Date: 06/13/26

Positive Factors

Multi-year Revenue Growth

Sustained top-line expansion to 32.0B over several years indicates durable consumer demand and successful market penetration. Persistent revenue growth supports scale advantages, supplier negotiating power and the potential to invest in stores and product development, strengthening long-term competitiveness.

Negative Factors

Weak Cash Generation

Consecutive negative OCF and FCF indicate profits are not converting to cash, a durable concern for an inventory-heavy retailer. Persistent cash shortfalls constrain the company's ability to fund working capital, capex and dividends internally and increase reliance on external financing.

Tribhovandas Bhimji Zaveri Limited Business Overview & Revenue Model

Company 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 ...

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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 ...

How the Company Makes Money

TBZ primarily makes money by selling jewellery to end customers under its TBZ retail brand. Its core revenue stream is the retail sale of gold jewellery and diamond-studded jewellery, where revenue is driven by (a) the value of precious metal cont...

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TBZ primarily makes money by selling jewellery to end customers under its TBZ retail brand. Its core revenue stream is the retail sale of gold jewellery and diamond-studded jewellery, where revenue is driven by (a) the value of precious metal cont...

Tribhovandas Bhimji Zaveri Limited Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	27.70B	32.03B	26.25B	22.99B	23.93B	18.44B
Gross Profit	4.59B	4.51B	3.78B	3.17B	3.01B	2.39B
EBITDA	2.19B	3.61B	1.77B	1.42B	1.19B	802.58M
Net Income	933.98M	2.02B	683.88M	544.27M	401.90M	201.82M
Balance Sheet
Total Assets	20.40B	21.02B	17.69B	14.59B	14.75B	14.57B
Cash, Cash Equivalents and Short-Term Investments	955.30M	1.02B	982.13M	496.69M	454.91M	452.73M
Total Debt	8.22B	8.86B	7.92B	6.14B	5.75B	5.88B
Total Liabilities	13.44B	12.64B	11.12B	8.57B	9.15B	9.29B
Stockholders Equity	6.96B	8.38B	6.57B	6.02B	5.60B	5.28B
Cash Flow
Free Cash Flow	194.38M	-472.69M	-388.13M	302.34M	854.40M	-672.83M
Operating Cash Flow	275.97M	-331.48M	-268.54M	396.89M	931.69M	-661.97M
Investing Cash Flow	-166.37M	-153.10M	-450.42M	-65.75M	-66.11M	-20.92M
Financing Cash Flow	-284.50M	506.45M	849.44M	-291.86M	-867.24M	707.66M

Tribhovandas Bhimji Zaveri Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 164.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 164.1 is below the 20-day moving average (MA) of 169.55, above the 50-day MA of 153.71, and above the 200-day MA of 163.98, indicating a bullish trend. The MACD of 12.11 indicates Negative momentum. The RSI at 67.44 is Neutral, neither overbought nor oversold. The STOCH value of 73.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	69 Neutral	₹12.61B	6.25	―	1.38%	22.23%	195.85%
SENCO	63 Neutral	₹55.71B	9.75	―	0.31%	32.04%	249.98%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PCJEWELLER	61 Neutral	₹71.51B	9.55	―	―	49.38%	-13.65%
KALYANKJIL	60 Neutral	₹396.06B	29.25	―	0.32%	42.58%	88.76%
TITAN	60 Neutral	₹3.93T	76.20	―	0.28%	44.87%	52.05%
PNGJL	54 Neutral	₹75.05B	18.51	―	―	39.59%	83.30%

Tribhovandas Bhimji Zaveri Limited Corporate Events