About
Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry in India. The company offers 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 and diamond; loose diamonds solitaires; gold bars; loose precious and semi-precious stones; and jadau jewelry. In addition, the company is 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.
Key Metrics
as of Sep 2026Market Cap3,266 Cr
P/E15.30
Div Yield0.52 %
Book Value₹126.00
52w High₹481.00
52w Low₹110.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 841.00 | 830.00 | 1,061.00 | 688.00 | 624.00 | 529.00 | 928.00 | 567.00 | 596.00 | 507.00 | 741.00 | 481.00 | 571.00 |
| Expenses | 770.00 | 718.00 | 929.00 | 625.00 | 573.00 | 493.00 | 867.00 | 531.00 | 554.00 | 475.00 | 696.00 | 451.00 | 539.00 |
| Operating Profit | 71.00 | 112.00 | 132.00 | 63.00 | 51.00 | 37.00 | 61.00 | 36.00 | 43.00 | 31.00 | 45.00 | 30.00 | 32.00 |
| OPM % | 8.00 | 13.00 | 12.00 | 9.00 | 8.00 | 7.00 | 7.00 | 6.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Other Income | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 |
| Depreciation | 9.00 | 8.00 | 6.00 | 8.00 | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 5.00 | 6.00 | 6.00 | 6.00 |
| Interest | 19.00 | 16.00 | 18.00 | 16.00 | 18.00 | 17.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | 13.00 | 12.00 |
| Profit before tax | 46.00 | 90.00 | 110.00 | 41.00 | 28.00 | 14.00 | 42.00 | 18.00 | 25.00 | 15.00 | 29.00 | 12.00 | 15.00 |
| Tax % | 28.00 | 25.00 | 25.00 | 25.00 | 26.00 | 29.00 | 28.00 | 28.00 | 26.00 | 17.00 | 27.00 | 25.00 | 25.00 |
| Net Profit | 33.00 | 67.00 | 82.00 | 31.00 | 21.00 | 10.00 | 30.00 | 13.00 | 18.00 | 12.00 | 21.00 | 9.00 | 11.00 |
| EPS in Rs | 4.92 | 10.05 | 12.25 | 4.60 | 3.14 | 1.53 | 4.57 | 1.98 | 2.77 | 1.87 | 3.14 | 1.37 | 1.71 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,203.00 | 2,620.00 | 2,299.00 | 2,394.00 | 1,844.00 | 1,342.00 | 1,810.00 | 1,764.00 | 1,751.00 | 1,690.00 | 1,655.00 | 1,934.00 |
| Expenses | 2,836.00 | 2,436.00 | 2,154.00 | 2,271.00 | 1,766.00 | 1,217.00 | 1,692.00 | 1,683.00 | 1,673.00 | 1,614.00 | 1,610.00 | 1,853.00 |
| Operating Profit | 367.00 | 184.00 | 145.00 | 123.00 | 78.00 | 125.00 | 118.00 | 81.00 | 78.00 | 76.00 | 45.00 | 81.00 |
| OPM % | 11.00 | 7.00 | 6.00 | 5.00 | 4.20 | 9.00 | 7.00 | 4.60 | 4.50 | 4.50 | 2.70 | 4.20 |
| Other Income | 8.00 | 5.00 | 6.00 | 6.00 | 8.00 | 13.00 | 5.00 | 5.00 | 7.00 | 4.00 | 5.00 | 23.00 |
| Interest | 77.00 | 64.00 | 57.00 | 53.00 | 41.00 | 52.00 | 62.00 | 53.00 | 44.00 | 55.00 | 61.00 | 57.00 |
| Depreciation | 29.00 | 25.00 | 23.00 | 24.00 | 22.00 | 26.00 | 32.00 | 10.00 | 8.00 | 9.00 | 10.00 | 8.00 |
| Profit before tax | 268.00 | 100.00 | 71.00 | 52.00 | 23.00 | 60.00 | 29.00 | 23.00 | 32.00 | 16.00 | -22.00 | 39.00 |
| Tax % | 25.00 | 27.00 | 24.00 | 23.00 | 25.00 | 28.00 | 24.00 | 34.00 | 34.00 | -7.00 | 7.00 | 34.00 |
| Net Profit | 200.00 | 72.00 | 54.00 | 40.00 | 17.00 | 43.00 | 22.00 | 15.00 | 21.00 | 17.00 | -23.00 | 26.00 |
| EPS in Rs | 30.04 | 10.84 | 8.10 | 5.94 | 2.56 | 6.46 | 3.29 | 2.29 | 3.15 | 2.51 | -3.47 | 3.90 |
| Dividend Payout % | 8.00 | 21.00 | 22.00 | 29.00 | 39.00 | 39.00 | 30.00 | 33.00 | 24.00 | 0.00 | 0.00 | 26.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 | 67.00 |
| Reserves | 780.00 | 601.00 | 541.00 | 501.00 | 468.00 | 467.00 | 425.00 | 427.00 | 420.00 | 399.00 | 376.00 | 399.00 |
| Borrowings | 886.00 | 792.00 | 614.00 | 575.00 | 588.00 | 438.00 | 636.00 | 606.00 | 569.00 | 549.00 | 650.00 | 583.00 |
| Other Liabilities | 376.00 | 319.00 | 244.00 | 340.00 | 343.00 | 252.00 | 348.00 | 332.00 | 164.00 | 179.00 | 205.00 | 237.00 |
| Total Liabilities | 2,109.00 | 1,778.00 | 1,465.00 | 1,482.00 | 1,466.00 | 1,224.00 | 1,476.00 | 1,431.00 | 1,220.00 | 1,194.00 | 1,298.00 | 1,286.00 |
| Fixed Assets | 180.00 | 162.00 | 148.00 | 156.00 | 149.00 | 137.00 | 171.00 | 108.00 | 100.00 | 99.00 | 105.00 | 104.00 |
| CWIP | 0.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 5.00 |
| Investments | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 |
| Other Assets | 1,917.00 | 1,604.00 | 1,305.00 | 1,314.00 | 1,305.00 | 1,084.00 | 1,303.00 | 1,322.00 | 1,118.00 | 1,090.00 | 1,189.00 | 1,173.00 |
| Total Assets | 2,109.00 | 1,778.00 | 1,465.00 | 1,482.00 | 1,466.00 | 1,224.00 | 1,476.00 | 1,431.00 | 1,220.00 | 1,194.00 | 1,298.00 | 1,286.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 29.00 | -27.00 | 38.00 | 92.00 | -57.00 | 230.00 | 147.00 | 31.00 | 39.00 | 153.00 | 9.00 | 19.00 |
| Cash from Investing Activity | -9.00 | -44.00 | -6.00 | -6.00 | -11.00 | 6.00 | -4.00 | -19.00 | -5.00 | 1.00 | -11.00 | 26.00 |
| Cash from Financing Activity | -17.00 | 85.00 | -29.00 | -87.00 | 71.00 | -233.00 | -147.00 | -16.00 | -27.00 | -155.00 | 4.00 | -52.00 |
| Net Cash Flow | 2.00 | 14.00 | 3.00 | 0.00 | 3.00 | 3.00 | -4.00 | -4.00 | 7.00 | -2.00 | 2.00 | -7.00 |
| Free Cash Flow | 15.00 | -39.00 | 30.00 | 85.00 | -58.00 | 229.00 | 145.00 | 16.00 | 30.00 | 146.00 | 0.00 | 7.00 |
| CFO/OP % | 26.00 | -1.00 | 39.00 | 82.00 | -62.00 | 198.00 | 134.00 | 51.00 | 59.00 | 201.00 | 21.00 | 33.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 3.00 | 0.00 | 0.00 | 1.00 | 1.00 | 5.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Inventory Days | 249.00 | 242.00 | 223.00 | 215.00 | 276.00 | 330.00 | 296.00 | 309.00 | 265.00 | 258.00 | 289.00 | 243.00 |
| Days Payable | 24.00 | 27.00 | 21.00 | 37.00 | 46.00 | 46.00 | 48.00 | 51.00 | 23.00 | 19.00 | 23.00 | 24.00 |
| Cash Conversion Cycle | 226.00 | 215.00 | 205.00 | 178.00 | 230.00 | 285.00 | 249.00 | 263.00 | 246.00 | 239.00 | 266.00 | 219.00 |
| Working Capital Days | 74.00 | 65.00 | 73.00 | 63.00 | 75.00 | 108.00 | 66.00 | 69.00 | 69.00 | 68.00 | 65.00 | 62.00 |
| ROCE % | 22.00 | 12.00 | 11.00 | 9.00 | 6.00 | 11.00 | 8.00 | 7.00 | 7.00 | 7.00 | 4.00 | 8.00 |
Corporate Actions
17 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 02 Sep 2025 | 02 Sep 2025 | — | 2.25 | |
| Dividend | 03 Sep 2024 | — | — | 1.75 | |
| Dividend | 06 Sep 2023 | — | — | 1.75 | |
| Dividend | 19 Aug 2022 | — | — | 1.00 | |
| Other | 19 Aug 2022 | — | — | — | Annual General Meeting/Dividend - R E 1 Per Share |
| Dividend | 08 Sep 2021 | — | — | 2.50 | |
| Other | 22 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 1.00 | |
| Dividend | 17 Sep 2019 | — | — | 0.75 | |
| Dividend | 23 Jul 2018 | — | — | 0.75 | |
| Other | 11 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 09 Sep 2016 | — | — | — | Annual General Meeting |
| Dividend | 01 Sep 2015 | — | — | 1.00 | |
| Dividend | 11 Sep 2014 | — | — | 0.75 | NSE/BSE dividend mismatch: BSE/NSE=1.5; BSE/NSE=0.75 |
| Dividend | 11 Sep 2014 | — | — | 1.50 | NSE/BSE dividend mismatch: BSE/NSE=1.5; BSE/NSE=0.75 |
| Dividend | 14 Aug 2013 | — | — | 2.25 | |
| Dividend | 13 Sep 2012 | — | — | 0.75 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update12 Mar from icra
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Rating update24 Feb from icra
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Rating update3 Jun 2025 from icra
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Rating update18 Oct 2024 from icra
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Rating update11 Mar 2024 from crisil
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Rating update31 Jan 2024 from crisil
Conference Calls
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