RBZ Jewellers (RBZJEWEL) had a P/E of 12.0× on 6 Nov 2026, below the industry P/E of 19.6×, and the shares are 20% below their 52-week high. Sales and net profit grew 30% and 35% a year over 3 years, with ROCE of 24% and ROE of 20%. Debt is 0.57× equity. It is a small-cap company with a market cap of ₹681 Cr, ranked 34th of 82 Luxury Goods companies by market cap; the shares rose 5.1% over the past year.
- ₹165.97
- ₹170.99
- ₹160.20
- ₹166.94
- 93.4K
Health check
- ReturnsBehind
+5.1% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 12.0 vs industry 19.6.
- GrowthSlow
Sales +30.3%, profit +34.9% a year over 3 years.
- ProfitabilityAverage
ROCE 24.2% vs peer median 34.2%.
- Balance sheetFair
Debt 0.57× equity, interest covered 7.4×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹681 Cr
- Small cap
- P/E
- 12.0
- Industry 19.6
- Price to book
- 2.27
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 20.1%
- Peers 29.3%
- ROCE
- 24.2%
- Peers 34.2%
- Debt to equity
- 0.57
- Debt ₹170 Cr
- EPS (TTM)
- ₹14.19
- Face value ₹10
- OPM (TTM)
- 14.2%
- Net margin 8.3%
- Sales growth
- +59.8%
- Latest quarter vs a year ago
- Profit growth
- +27.7%
- Latest quarter vs a year ago
- Price to sales
- 1.00
- EV/EBITDA 9.0
Strengths and risks
Strengths
- Return on equity of 20.1%.
- Return on capital employed of 24.2%.
- Quarterly profit up 27.7% on a year ago.
- Quarterly sales up 59.8% on a year ago.
- P/E of 12.0 against an industry P/E of 19.6.
About RBZ Jewellers
RBZ Jewellers Limited manufactures and trades in jewelries and other accessories in India. The company offers haaram, bridal choker, round necklace, and occasional and daily wear on a wholesale and retail network basis. It also process and supply antique gold jewellery on job work basis to national retailers. In addition, the company operates retail showroom under the brand name H and Harit Zaveri Jewellers. RBZ Jewellers Limited was founded in 1992 and…
- Headquarters
- Ahmedabad
- Employees
- 315
- Sector
- Consumer Cyclical
- ISIN
- INE0PEQ01016
- Website
- rbzjewellers.com
Price range
- Avg volume (3M)
- 6.9 L
- 1-year return
- plus 5.1%
- From 52-week high
- minus 20.0%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 28.27 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.31% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.45% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 49.6% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.42% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| RBZJEWELRBZ Jewellers | 170.31 | plus 2.02% | 681 | 12.0 | 2.27 | 24.2% | 20.1% | 13.5% | 30.3% | 34.9% | 0.00% | plus 5.1% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 75.6 | 145 | 226 | 189 | 121 | |
| 62.6 | 117 | 197 | 168 | 103 | |
| 13 | 28.2 | 29.5 | 21.1 | 17.9 | |
| 17.2% | 19.4% | 13.0% | 11.2% | 14.8% | |
| 0 | 0.1 | 0 | 0.3 | 0.1 | |
| 2.6 | 2.6 | 5 | 4 | 4.2 | |
| 0.8 | 0.9 | 1.2 | 1.4 | 1.6 | |
| 9.6 | 24.9 | 23.4 | 16.1 | 12.2 | |
| 25.8% | 25.5% | 25.4% | 27.3% | 25.2% | |
| 7.1 | 18.6 | 17.4 | 11.7 | 9.1 | |
| 1.78 | 4.64 | 4.36 | 2.92 | 2.27 |
Profit & loss
- Sales CAGR 3Y
- +30.3%
- Profit CAGR 3Y
- +34.9%
- EPS CAGR 3Y
- +34.9%
- ROE
- 20.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 288 | 327 | 530 | 636 | |
| – | +13.7% | +61.9% | +20.1% | |
| 250 | 289 | 465 | 543 | |
| 37.8 | 38.5 | 64.7 | 93.1 | |
| 13.1% | 11.8% | 12.2% | 14.6% | |
| −0.4 | −0.3 | −0.3 | −2.7 | |
| 7.5 | 7.2 | 9 | 11.6 | |
| 1.4 | 1.4 | 2.8 | 4.3 | |
| 1.3 | – | −0 | −0.5 | |
| 29.8 | 29.6 | 52.5 | 73.9 | |
| 25.0% | 27.2% | 26.1% | 25.9% | |
| 22.3 | 21.6 | 38.8 | 54.8 | |
| – | minus 3.4% | +79.9% | +41.2% | |
| 5.58 | 6.61 | 9.70 | 13.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 30 | 40 | 40 | 40 | |
| 62.5 | 167 | 205 | 260 | |
| 95.8 | 69.5 | 91.2 | 170 | |
| 18.6 | 7.2 | 15.7 | 16.4 | |
| 207 | 284 | 352 | 486 | |
| 26.1 | 26.7 | 33.1 | 87 | |
| 0.9 | 0.1 | 2.5 | 26 | |
| 0 | – | 0.2 | 0.6 | |
| 7.6 | 13.1 | 1.4 | 1.8 | |
| 172 | 244 | 315 | 371 | |
| 207 | 284 | 352 | 486 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −11.2 | −48.7 | −14.9 | −7.3 | |
| −11 | −3.5 | −4.9 | −32.9 | |
| 28.1 | 59.1 | 7.9 | 40.5 | |
| 5.8 | 6.8 | −11.9 | 0.3 | |
| −14 | −3.8 | −5.4 | −33 | |
| −25.2 | −52.5 | −20.3 | −40.4 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.