TBZ share price, P/E, ROE & financials

On 6 Nov 2026, Tribhovandas Bhimji Zaveri was priced at ₹592.70, or 20.1× trailing earnings, against an industry P/E of 19.6×, and the shares are 25% below their 52-week high. It earns ROCE of 35% and ROE of 25%, and sales and net profit grew 10% and 71% a year over 3 years. Its dividend yield is 0.4%, and debt is 1.13× equity. It is a small-cap company with a market cap of ₹3,955 Cr, ranked 16th of 82 Luxury Goods companies by market cap; the shares rose 228% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year

Open: ₹609.00
Day high: ₹614.00
Day low: ₹578.00
Prev. close: ₹607.15
Volume: 84.3K

Health check

2 good · 3 fair · 1 to check

ReturnsAhead
+228.0% over a year, better than 7 of 7 peers.
Price tagIn line
P/E 20.1 vs industry 19.6.
GrowthSteady
Sales +10.2%, profit +71.4% a year over 3 years.
ProfitabilityStrong
ROCE 35.3% vs peer median 34.2%.
Balance sheetFair
Debt 1.13× equity, interest covered 5.1×.
Red flags1 to check
Quarterly profit down 54.7% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Luxury Goods

81 listed peers. Screen the industry

Small cap

₹3,955 Cr, #16 of 82 in its industry by size.

Defensive

Beta 0.32 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹3,437 Cr · profit ₹196 Cr

Market cap: ₹3,955 Cr; Small cap
P/E: 20.1; Industry 19.6
Price to book: 4.54; Peers 8.57
Dividend yield: 0.42%
ROE: 25.1%; Peers 29.3%
ROCE: 35.3%; Peers 34.2%
Debt to equity: 1.13; Debt ₹984 Cr
EPS (TTM): ₹29.44; Face value ₹10
OPM (TTM): 10.5%; Net margin 5.7%
Sales growth: +2.5%; Latest quarter vs a year ago
Profit growth: −54.7%; Latest quarter vs a year ago
Price to sales: 1.15; EV/EBITDA 14.2

Strengths

Return on equity of 25.1%.
Return on capital employed of 35.3%.

Risks to check

Quarterly profit down 54.7% on a year ago.

Derived automatically from reported figures. Not a recommendation.

About Tribhovandas Bhimji Zaveri

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…

Headquarters: Mumbai
Employees: 1,136
Sector: Consumer Cyclical
ISIN: INE760L01018
Website: tbztheoriginal.com

Price range

52 weeks

₹110.50₹789.00

Today

₹578.00₹614.00

Avg volume (3M): 17.3 L
1-year return: plus 228.0%
From 52-week high: minus 24.9%

Peers · Luxury Goods

Compare with peers Screen the whole industry

Company
TITANTitan Company	5,000.00	plus 3.42%	4,43,656	63.1	24.30	38.4%	37.1%	11.6%	29.2%	16.0%	0.30%	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%	0.42%	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 50.3%
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%	0.43%	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%
TBZTribhovandas Bhimji Zaveri	592.70	minus 2.38%	3,955	20.1	4.54	–	25.1%	10.5%	10.2%	71.4%	0.42%	plus 228.0%
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

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
688	1,061	830	841	705
624	930	717	769	659
64.2	131	112	72.3	46.1
9.3%	12.4%	13.5%	8.6%	6.5%
1.8	2.1	1.7	1.7	1.9
16.5	18.5	15.9	18.8	19.2
7.7	6.2	8.1	8.6	8
41.9	108	90.1	46.6	20.7
24.7%	25.7%	24.9%	27.3%	31.2%
31.5	80.6	67.6	33.9	14.3
4.73	12.08	10.14	5.08	2.14

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.2%
Profit CAGR 3Y: +71.4%
EPS CAGR 3Y: +71.4%
ROE: 25.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2,393	2,299	2,620	3,203
–	minus 4.0%	+14.0%	+22.3%
2,268	2,159	2,438	2,833
125	139	182	369
5.2%	6.1%	6.9%	11.5%
−6.6	5.1	−7.3	−3.8
42.8	49.8	52.6	65.7
24.5	23.7	25.4	29.3
0.6	0.6	−0.7	−0.3
52	71.6	95.8	270
22.8%	24.0%	28.6%	25.2%
40.2	54.4	68.4	202
–	+35.4%	+25.7%	+195.8%
6.02	8.16	10.25	30.32

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
66.7	66.7	66.7	66.7
494	535	590	771
575	614	792	886
339	243	320	378
1,475	1,459	1,769	2,102
160	151	165	182
1.9	0.7	3.1	0.5
0	0.1	6.9	0
8.4	12.7	25.3	28
1,305	1,294	1,569	1,891
1,475	1,459	1,769	2,102

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
93.2	39.7	−26.9	29.7
−6.6	−6.6	−45	−10.1
−86.7	−29.2	84.9	−17.4
−0.2	3.9	13	2.2
−7.7	−9.5	−12	−14.1
85.4	30.2	−38.8	15.6
−6.7	−11.7	−11.7	−15

Shareholding pattern

Source: NSE filings

74.1%

promoters

Promoters74.12%
Public25.88%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	74.12%	25.88%	0.00
30 Jun 2026	74.12%	25.88%	0.00
31 Mar 2026	74.12%	25.88%	0.00
31 Dec 2025	74.12%	25.88%	0.00
30 Sep 2025	74.12%	25.88%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you