Tribhovandas Bhimji Zaveri Limited

BSE: TBZ534369ISIN INE760L01018

Consumer Discretionary
Gems, Jewellery And Watches
BSE Consumer Discretionary

BSE listing

Share price

₹602.90+28.70 (+5.00%)

as of 18 Sep 2026

52W high: ₹602.90
52W low: ₹110.95
Off 52W high: 0.00%
1M return: +143.30%
3M return: +218.99%
6M return: +367.55%
1Y return: +217.65%
20D avg volume: 2,71,649
50 DMA: ₹329.43
200 DMA: ₹200.66

Key ratios Consolidated

Market cap: ₹4,023 Cr
Current price: ₹602.90
52W high / low: ₹602.90 / ₹110.95
Face value: ₹10.00
P/E: 18.82
P/B: —
EPS (TTM): ₹32.03
Book value / share: —
ROE: —
ROCE: 35.60%
Operating margin: —
Net margin: —
Debt / equity: 0.94
Net debt: ₹758.54 Cr
Interest cover: 4.94
Dividend yield: 0.41%
Dividend / share (TTM): ₹2.50
Payout: 7.81%
Cash conversion cycle: 182.9 days

About

In plain English

Tribhovandas Bhimji Zaveri Ltd (TBZ) is a well-known Indian jeweller that designs, manufactures, and sells gold, diamond, and platinum jewellery. Think of the intricate gold necklaces or diamond rings you'd see at an Indian wedding — TBZ makes those. They sell through their own chain of retail stores across India, mainly to individual customers looking for bridal jewellery, festive purchases, or investment in gold. The company also offers custom-made pieces and has a growing online store. They make money by selling jewellery at a markup over the cost of the raw gold, diamonds, and making charges.

AI-generated summary, written from the company's own filings and disclosures. Every figure elsewhere on this page comes from exchange data, not from a model. See our editorial standards. Generated 15 Jul 2026.

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	840.97	829.70	1,061	687.83	624.01	529.34	927.85	567.05	596.24	506.52	741.02	480.59
	1.66	1.72	2.05	1.84	1.73	1.31	0.82	1.24	0.99	2.10	1.57	1.10
	796.00	741.29	954.98	647.79	595.95	517.09	887.08	551.08	573.84	493.39	713.52	469.55
	368.75	633.81	505.28	460.14	344.55	426.21	572.84	317.84	375.76	318.57	462.79	302.93
	266.95	214.98	287.50	266.65	199.28	81.75	255.38	221.63	191.59	159.22	200.18	91.88
	28.17	25.67	23.75	23.45	26.04	22.70	24.40	23.43	22.88	21.36	22.59	20.36
	18.75	15.91	18.51	16.48	17.67	17.00	13.21	13.10	12.80	12.91	12.47	12.53
	8.58	8.06	6.20	7.65	7.42	6.97	6.15	6.15	6.17	5.33	5.87	6.16
	37.20	32.05	39.22	43.07	32.76	32.03	35.81	—	24.95	—	29.76	18.69
	46.64	90.13	108.50	41.88	29.79	13.57	41.59	17.21	23.39	15.23	29.07	12.13
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.64	90.13	108.50	41.88	29.79	13.57	41.59	17.21	23.39	15.23	29.07	12.13
	12.72	22.48	27.86	10.35	7.29	4.08	11.71	5.24	6.35	2.62	7.64	3.12
	33.92	67.64	80.63	31.53	22.50	9.49	29.88	11.97	17.05	12.61	21.44	9.01
	5.08	10.14	12.08	4.73	3.37	1.42	4.48	1.79	2.55	1.89	3.21	1.35
Key metrics
	73.97	114.10	133.21	66.01	54.88	37.54	60.95	36.46	42.36	33.47	47.41	30.82
	8.80%	13.80%	12.60%	9.60%	8.80%	7.10%	6.60%	6.40%	7.10%	6.60%	6.40%	6.40%
	4.00%	8.20%	7.60%	4.60%	3.60%	1.80%	3.20%	2.10%	2.90%	2.50%	2.90%	1.90%
	—	11.10%	—	7.40%	—	4.10%	—	—	—	—	—	—
	34.80%	56.70%	14.40%	21.30%	4.70%	4.50%	25.20%	18.00%	—	—	—	—
	50.80%	612.80%	169.80%	163.40%	32.00%	-24.70%	39.40%	32.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	3,420	3,203	2,620	2,299	2,394	1,844	1,342	1,810	1,764	1,756	1,700
	7.27	7.34	4.36	5.76	4.98	7.78	12.32	4.05	4.22	5.99	2.39
	3,140	2,940	2,529	2,233	2,347	1,826	1,295	1,786	1,745	1,730	1,690
	1,968	1,944	1,693	1,365	1,370	1,299	840.72	1,358	1,435	830.26	997.02
	1,036	968.41	750.34	598.44	724.31	521.51	86.99	65.04	127.67	—	—
	101.04	98.91	93.40	86.14	74.21	67.04	58.22	80.82	78.13	—	79.90
	69.65	68.57	56.11	49.82	44.77	35.58	47.79	56.11	46.37	39.71	50.19
	30.49	29.33	25.43	23.69	24.48	22.51	26.61	32.25	10.20	—	—
	151.54	147.10	140.57	—	93.47	72.90	60.34	—	109.43	112.83	114.29
	287.15	270.30	95.76	71.59	52.04	25.95	59.77	28.06	23.14	31.97	12.71
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	287.15	270.30	95.76	71.59	52.04	25.95	59.77	28.06	23.14	31.97	12.71
	73.41	67.99	27.37	17.16	11.85	5.76	16.50	6.64	7.58	10.71	2.04
	213.72	202.31	68.39	54.43	40.19	20.18	43.27	21.41	15.56	21.26	14.74
	32.03	30.32	10.25	8.16	6.02	3.02	6.48	3.21	2.33	—	—
Key metrics
	387.29	368.20	177.30	145.10	121.29	84.04	134.17	116.42	79.71	71.68	62.90
	11.32%	11.50%	6.80%	6.30%	5.10%	4.60%	10.00%	6.40%	4.50%	4.10%	3.70%
	6.25%	6.30%	2.60%	2.40%	1.70%	1.10%	3.20%	1.20%	0.90%	1.20%	0.90%
	—	35.60%	20.30%	—	—	—	—	—	—	—	—
	—	22.20%	14.00%	-4.00%	29.80%	37.40%	-25.90%	2.60%	0.50%	3.30%	—
	—	195.80%	25.60%	35.40%	99.20%	-53.40%	102.10%	37.60%	-26.80%	44.20%	—
	—	15.57	-38.81	—	—	—	—	—	—	—	—
	—	0.15	-0.39	—	—	—	—	—	—	—	—
	—	0.94	1.07	—	—	—	—	—	—	—	—
	—	758.54	675.01	—	—	—	—	—	—	—	—
	—	182.9	181.3	—	—	—	—	—	—	—	—
Balance sheet
	—	2,102	1,769	—	—	—	—	—	—	—	—
	—	1,902	1,588	—	—	—	—	—	—	—	—
	—	27.16	24.98	—	—	—	—	—	—	—	—
	—	2.99	3.50	—	—	—	—	—	—	—	—
	—	1,773	1,461	—	—	—	—	—	—	—	—
	—	19.61	20.31	—	—	—	—	—	—	—	—
	—	95.13	86.07	—	—	—	—	—	—	—	—
	—	170.41	162.36	—	—	—	—	—	—	—	—
	—	1,150	1,021	—	—	—	—	—	—	—	—
	—	785.70	699.99	—	—	—	—	—	—	—	—
	—	782.57	698.15	—	—	—	—	—	—	—	—
	—	3.13	1.84	—	—	—	—	—	—	—	—
	—	838.15	657.21	—	—	—	—	—	—	—	—
Cash flow
	—	29.69	-26.85	—	—	—	—	—	—	—	—
	—	-10.08	-45.04	—	—	—	—	—	—	—	—
	—	-17.42	84.94	—	—	—	—	—	—	—	—
	—	14.12	11.96	—	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	840.97	829.70	1,061	687.83	624.01	529.34	927.85	567.05	596.24	506.52	741.02	480.59
	1.81	1.81	2.20	1.98	1.85	1.45	0.94	1.40	1.12	2.23	1.68	1.23
	797.21	741.97	953.99	648.76	597.62	516.53	886.61	549.98	572.55	493.62	714.11	469.55
	368.75	629.82	505.28	460.14	344.55	426.21	572.01	317.48	375.40	318.37	461.91	302.37
	266.95	214.98	287.50	266.65	199.28	81.75	255.38	221.63	191.59	159.22	200.18	91.87
	27.24	24.63	22.69	22.39	24.99	21.64	23.35	22.40	21.95	20.40	21.61	19.34
	18.75	15.91	18.49	16.48	17.68	17.01	13.21	13.11	12.80	12.91	12.49	12.53
	8.51	7.99	6.13	7.58	7.34	6.90	6.08	6.08	6.10	5.26	5.81	6.09
	39.41	34.90	40.48	46.34	33.88	33.33	31.84	18.98	21.33	—	25.50	14.95
	45.58	89.53	109.63	41.05	28.24	14.26	42.18	18.46	24.82	15.12	28.60	12.27
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	45.58	89.53	109.63	41.05	28.24	14.26	42.18	18.46	24.82	15.12	28.60	12.27
	12.72	22.45	27.86	10.35	7.29	4.08	11.70	5.24	6.35	2.62	7.64	3.12
	32.85	67.08	81.77	30.70	20.94	10.18	30.48	13.22	18.47	12.50	20.96	9.15
	4.92	10.05	12.25	4.60	3.14	1.53	4.57	1.98	2.77	1.87	3.14	1.37
Key metrics
	72.84	113.43	134.25	65.11	53.26	38.17	61.47	37.65	43.72	33.29	46.90	30.89
	8.70%	13.70%	12.60%	9.50%	8.50%	7.20%	6.60%	6.60%	7.30%	6.60%	6.30%	6.40%
	3.90%	8.10%	7.70%	4.50%	3.40%	1.90%	3.30%	2.30%	3.10%	2.50%	2.80%	1.90%
	—	11.00%	—	7.20%	—	4.10%	—	—	—	—	—	—
	34.80%	56.70%	14.40%	21.30%	4.70%	4.50%	25.20%	18.00%	—	—	—	—
	56.90%	558.90%	168.30%	132.20%	13.40%	-18.60%	45.40%	44.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	3,420	3,203	2,620	2,299	2,394	1,844	1,342	1,810	1,764	1,756	1,700
	7.80	7.84	4.91	6.28	5.56	8.38	12.89	5.42	5.61	7.04	3.37
	3,142	2,942	2,526	2,234	2,348	1,829	1,295	1,787	1,746	1,731	1,687
	1,964	1,940	1,691	1,364	1,367	1,288	840.72	1,367	1,442	850.38	1,012
	1,036	968.41	750.34	598.44	724.31	521.51	86.99	65.04	127.67	628.34	329.16
	96.95	94.69	89.35	82.21	70.61	63.50	54.91	76.15	73.18	73.02	74.34
	69.63	68.57	56.13	49.84	44.78	35.60	47.84	56.11	46.37	39.74	50.19
	30.21	29.04	25.16	23.43	24.22	22.25	26.33	32.00	9.92	8.49	8.71
	161.13	155.61	144.96	—	80.95	61.42	66.07	65.82	101.95	99.98	101.88
	285.79	268.45	99.71	71.18	51.53	22.88	59.69	28.87	23.11	31.91	16.63
	0.00	0.00	0.00	—	—	—	—	—	—	—	—
	285.79	268.45	99.71	71.18	51.53	22.88	59.69	28.87	23.11	31.91	16.63
	73.38	67.96	27.36	17.16	11.85	5.76	16.60	6.93	7.81	10.85	1.90
	212.40	200.49	72.35	54.02	39.67	17.11	43.09	21.94	15.31	21.05	18.53
	31.82	30.04	10.84	8.10	5.95	2.56	6.46	3.29	2.29	—	—
Key metrics
	385.63	366.06	181.00	144.45	120.53	80.73	133.86	116.98	79.40	80.14	75.53
	11.28%	11.40%	6.90%	6.30%	5.00%	4.40%	10.00%	6.50%	4.50%	4.60%	4.40%
	6.21%	6.30%	2.80%	2.30%	1.70%	0.90%	3.20%	1.20%	0.90%	1.20%	1.10%
	—	35.10%	20.60%	—	—	—	—	—	—	—	—
	—	22.20%	14.00%	-4.00%	29.80%	37.40%	-25.90%	2.60%	0.50%	3.30%	—
	—	177.10%	33.90%	36.20%	131.90%	-60.30%	96.40%	43.30%	-27.30%	13.60%	—
	—	15.24	-38.76	—	—	—	—	—	—	—	—
	—	0.15	-0.38	—	—	—	—	—	—	—	—
	—	0.93	1.05	—	—	—	—	—	—	—	—
	—	758.78	675.51	—	—	—	—	—	—	—	—
	—	182.9	181.8	—	—	—	—	—	—	—	—
Balance sheet
	—	2,109	1,778	—	—	—	—	—	—	—	—
	—	1,900	1,588	—	—	—	—	—	—	—	—
	—	26.92	24.48	—	—	—	—	—	—	—	—
	—	2.99	3.50	—	—	—	—	—	—	—	—
	—	1,773	1,463	—	—	—	—	—	—	—	—
	—	18.04	18.43	—	—	—	—	—	—	—	—
	—	75.43	65.96	—	—	—	—	—	—	—	—
	—	170.23	161.84	—	—	—	—	—	—	—	—
	—	1,149	1,020	—	—	—	—	—	—	—	—
	—	785.70	699.99	—	—	—	—	—	—	—	—
	—	782.57	698.15	—	—	—	—	—	—	—	—
	—	3.13	1.84	—	—	—	—	—	—	—	—
	—	846.70	667.67	—	—	—	—	—	—	—	—
Cash flow
	—	29.29	-27.35	—	—	—	—	—	—	—	—
	—	-9.43	-43.93	—	—	—	—	—	—	—	—
	—	-17.42	84.92	—	—	—	—	—	—	—	—
	—	14.05	11.41	—	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +10.20%
Sales CAGR 5Y: +19.00%
Sales CAGR 10Y: —
Profit CAGR 3Y: +71.61%
Profit CAGR 5Y: +36.00%
Profit CAGR 10Y: —
Sales YoY (TTM): +29.14%
Profit YoY (TTM): +183.88%

Consolidated

Sales CAGR 3Y: +10.20%
Sales CAGR 5Y: +19.00%
Sales CAGR 10Y: —
Profit CAGR 3Y: +71.38%
Profit CAGR 5Y: +36.13%
Profit CAGR 10Y: —
Sales YoY (TTM): +29.14%
Profit YoY (TTM): +189.44%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Filings & corporate actions

Recent announcements

Axis Capital Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Tribhovandas Bhimji Zaveri Ltd ("Target Company").16 Sep 2026 · Company Update / General
Receipt of Draft Letter of Offer in relation to Open Offer15 Sep 2026 · Company Update / Open Offer - Updates
Intimation of Credit Ratings - ICRA Limited11 Sep 2026 · Company Update / Credit Rating
Declaration of voting results of the 19th Annual General Meeting along with the Scrutinizer''s Report10 Sep 2026 · AGM/EGM / AGM
Summary of Proceedings of 19th Annual General Meeting9 Sep 2026 · Company Update / Meeting Updates
Summary of Proceedings of 19th Annual General Meeting9 Sep 2026 · AGM/EGM / AGM
Announcement under Regulation 30 (LODR) - Detailed Public Statement - Open Offer7 Sep 2026 · Company Update / General
Axis Capital Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement in terms of Regulations 3(1) and 4 read with Regulations 13(4), 14(3) and 15(2) of The ....7 Sep 2026 · Company Update / General
Receipt of public announcement in relation to open offer31 Aug 2026 · Company Update / Public Announcement-Open Offer
Axis Capital Ltd ("Manager to the Offer") has submitted to BSE a copy of Public Announcement for the attention of the Public Shareholders of Tribhovandas Bhimji Zaveri Ltd ("Target Company") ....31 Aug 2026 · Company Update / Open Offer
Press Release31 Aug 2026 · Company Update / Press Release / Media Release
Disclosure under regulation 30 and 30A of SEBI (LODR) Regulations, 201531 Aug 2026 · Others
Communication to Shareholders on deduction of tax at source on Dividend18 Aug 2026 · Company Update / General
Submission of newspaper advertisement (Post) of Notice to the Shareholders15 Aug 2026 · AGM/EGM / AGM
Communication sent to the shareholders as per Reg. 36(1)(b) of SEBI (LODR) Regulations, 201514 Aug 2026 · Company Update / General
Annual Report for the FY 2025-26 along with Notice of 19th Annual General Meeting14 Aug 2026 · Others / Reg. 34 (1) Annual Report
Submission of newspaper advertisement (Prior) relating to 19th Annual General Meeting13 Aug 2026 · Company Update / Newspaper Publication
Newspaper publication for Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter ended 30th June, 202612 Aug 2026 · Company Update / Newspaper Publication
Appointment of Head - Gold11 Aug 2026 · Company Update / Change in Management
Corporate Action: Record Date for Dividend11 Aug 2026 · Corp. Action / Record Date
Fixing Date of 19th Annual General Meeting: Wednesday, 9th September, 202611 Aug 2026 · AGM/EGM / AGM
Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 202611 Aug 2026 · Result / Financial Results
Unaudited (Standalone and Consolidated) Financial Results for the quarter ended 30th June, 202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Tribhovandas Bhimji Zaveri Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited Financial ....4 Aug 2026 · Board Meeting / Board Meeting
Clarification Letter for Significant Increase in Volume8 Jul 2026 · Company Update / General
The Exchange has sought clarification from Tribhovandas Bhimji Zaveri Ltd on July 8, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.8 Jul 2026 · Company Update / Clarification
Mr. Sanjay Bilimoria, Head - Inventory (Gold) has resigned from the services of the Company7 Jul 2026 · Company Update / Change in Management
Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June, 20263 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Clarification letter for significant increase in volume16 Jun 2026 · Company Update / General
The Exchange has sought clarification from Tribhovandas Bhimji Zaveri Ltd on June 15, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.15 Jun 2026 · Company Update / Clarification
Investor Presentation for the Quarter and Financial Year ended March 31, 2026.28 May 2026 · Company Update / Investor Presentation
Newspaper Publication for Audited (Standalone & Consolidated) Financial Results of the Company for the period ended March 31, 2026.28 May 2026 · Company Update / Newspaper Publication
The Board of Directors at their meeting held today i.e., May 27, 2026 have recommended Dividend for the Financial Year ended March 31, 2026 of Rs. 2.5/- per Equity Share.27 May 2026 · Corp Action / Dividend Updates
The Board of Directors at their meeting held today today i.e., May 27, 2026 have approved the Audited Standalone and Consolidated Financial Results of the Company for the period ended March 31, 2026.27 May 2026 · Result / Financial Results
The Board of Directors at their meeting held today i.e., on May 27, 2026 have approved the Audited Standalone and Consolidated Financial Results of the Company and have recommended Dividend ....27 May 2026 · Board Meeting / Outcome of Board Meeting
Tribhovandas Bhimji Zaveri Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2026 ,inter alia, to consider and approve the Audited Financial ....20 May 2026 · Board Meeting / Board Meeting
Notice Published in the Newspapers regarding Transfer of Shares to the IEPF.15 May 2026 · Company Update / Newspaper Publication
Annual Secretarial Compliance Report for the Financial Year ended 31st March, 2026.21 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 for the Quarter ended 31st March, 2026.2 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.5000	2 Sep 2026	2 Sep 2026	—
Final Dividend - Rs. - 2.2500	2 Sep 2025	2 Sep 2025	—
Final Dividend - Rs. - 1.7500	3 Sep 2024	—	—

Board meetings

11 Aug 2026 Board Meeting - Financial Results