Tribhovandas Bhimji Zaveri Ltd
Tribhovandas Bhimji Zaveri Ltd (TBZ) last reported results for the quarter ended Jun 2026, with sales of ₹841 crore and net profit of ₹34 crore. The next scheduled event is a merger acquisition on 26 Oct 2026. The stock last traded at ₹566, a market capitalisation of ₹3,776 crore, on a P/E of 17.7. Over the past 52 weeks the stock has ranged between ₹110 and ₹700. Figures are as of 6 Oct 2026 and are not real time.
Tribhovandas Bhimji Zaveri Ltd share price and key metrics
- Current price
- ₹566
- Market cap
- ₹3,776 cr
- Stock P/E
- 17.7
- Book value
- ₹126
- ROE
- 27.1%
- ROCE
- 21.9%
- Dividend yield
- 0.44%
- 52w high / low
- 700/110
Metrics as of 6 Oct 2026. Not real time.
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Tribhovandas Bhimji Zaveri Ltd growth and returns
- 10 Years
- 7%
- 5 Years
- 19%
- 3 Years
- 10%
- TTM
- 29%
- 10 Years
- 25%
- 5 Years
- 36%
- 3 Years
- 71%
- TTM
- 189%
- 10 Years
- 23%
- 5 Years
- 46%
- 3 Years
- 72%
- 1 Year
- 220%
- 10 Years
- 9%
- 5 Years
- 13%
- 3 Years
- 17%
- Last Year
- 27%
Tribhovandas Bhimji Zaveri Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹841 cr, up 34.8% from ₹624 cr a year earlier. Net profit was ₹34 cr, up 54.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 567 | 928 | 529 | 624 | 688 | 1,061 | 830 | 841 |
| Expenses | 532 | 868 | 493 | 571 | 624 | 930 | 717 | 769 |
| Operating profit | 35 | 60 | 36 | 53 | 64 | 131 | 112 | 72 |
| OPM % | 6% | 6% | 7% | 9% | 9% | 12% | 14% | 9% |
| Other income | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 13 | 13 | 17 | 18 | 16 | 19 | 16 | 19 |
| Depreciation | 6 | 6 | 7 | 7 | 8 | 6 | 8 | 9 |
| Profit before tax | 17 | 42 | 14 | 30 | 42 | 108 | 90 | 47 |
| Tax % | 30% | 28% | 30% | 24% | 25% | 26% | 25% | 27% |
| Net profit | 12 | 30 | 9 | 22 | 32 | 81 | 68 | 34 |
| EPS (₹) | 1.79 | 4.48 | 1.42 | 3.37 | 4.72 | 12.08 | 10.14 | 5.08 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Tribhovandas Bhimji Zaveri Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,690 | 1,751 | 1,764 | 1,810 | 1,342 | 1,844 | 2,394 | 2,299 | 2,620 | 3,203 | 3,420 |
| Operating profit | 73 | 79 | 83 | 120 | 126 | 82 | 124 | 146 | 181 | 369 | 380 |
| OPM % | 4.3% | 4.5% | 4.7% | 7% | 9% | 4.4% | 5% | 6% | 7% | 12% | 11% |
| Net profit | 13 | 21 | 16 | 21 | 43 | 20 | 40 | 54 | 68 | 202 | 214 |
| EPS (₹) | 1.94 | 3.19 | 2.33 | 3.21 | 6.48 | 3.02 | 6.02 | 8.16 | 10.25 | 30.32 | 32.02 |
TTM is the trailing twelve months to the most recent quarter.
Tribhovandas Bhimji Zaveri Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 389 | 410 | 417 | 414 | 456 | 461 | 494 | 535 | 590 | 771 |
| Borrowings | 549 | 569 | 606 | 637 | 438 | 588 | 575 | 614 | 792 | 886 |
| Other liabilities | 187 | 174 | 334 | 350 | 254 | 341 | 339 | 243 | 320 | 378 |
| Total liabilities | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 | 2,102 |
| Fixed assets | 103 | 103 | 111 | 174 | 140 | 152 | 159 | 151 | 164 | 183 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 1,088 | 1,116 | 1,312 | 1,294 | 1,075 | 1,305 | 1,316 | 1,308 | 1,604 | 1,919 |
| Total assets | 1,192 | 1,219 | 1,423 | 1,468 | 1,215 | 1,457 | 1,475 | 1,459 | 1,769 | 2,102 |
As reported by the company. Total assets equal total liabilities by construction.
Tribhovandas Bhimji Zaveri Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 153 | 42 | 32 | 149 | 231 | -66 | 93 | 40 | -27 | 30 |
| Cash from investing | 0 | -9 | -21 | -6 | 5 | -2 | -7 | -7 | -45 | -10 |
| Cash from financing | -155 | -27 | -16 | -147 | -233 | 71 | -87 | -29 | 85 | -17 |
| Net cash flow | -2 | 6 | -4 | -4 | 3 | 2 | -0 | 4 | 13 | 2 |
| Free cash flow | 146 | 32 | 17 | 146 | 230 | -67 | 86 | 31 | -39 | 16 |
| CFO / operating profit | 208% | 61% | 51% | 133% | 196% | -70% | 82% | 40% | -1% | 26% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Tribhovandas Bhimji Zaveri Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 6% | 7% | 7% | 8% | 11% | 6% | 9% | 11% | 12% | 22% |
| Debtor days | 0 | 5 | 5 | 1 | 1 | 0 | 0 | 3 | 0 | 0 |
| Inventory days | 261 | 265 | 307 | 293 | 326 | 276 | 214 | 223 | 241 | 249 |
| Days payable | 20 | 24 | 51 | 48 | 46 | 46 | 36 | 20 | 27 | 24 |
| Cash conversion cycle | 241 | 246 | 261 | 246 | 280 | 230 | 178 | 205 | 215 | 226 |
| Working capital days | 66 | 67 | 66 | 64 | 105 | 75 | 63 | 73 | 65 | 74 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Tribhovandas Bhimji Zaveri Ltd shareholding pattern
Promoters held 74.12% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.47% and DIIs 0.00%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% | 74.12% |
| FIIs | 0.92% | 0.60% | 0.64% | 0.55% | 0.00% | 0.00% | 0.26% | 1.47% |
| DIIs | 0.12% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 24.85% | 25.20% | 25.26% | 25.33% | 25.88% | 25.88% | 25.63% | 24.41% |
| No. of shareholders | 49,524 | 55,154 | 53,666 | 53,830 | 53,332 | 51,973 | 54,101 | 50,689 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Upcoming Tribhovandas Bhimji Zaveri Ltd events
The next scheduled event is a merger acquisition on 26 Oct 2026.
- Merger acquisitionOpen offer for acquisition of 25.88% of equity shares of Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
See the full results calendar for every Indian company reporting in the next 30 days.
Tribhovandas Bhimji Zaveri Ltd corporate filings
- Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter and half-year ended 30th September, 2026Company Updatelow impact
- Tribhovandas Bhimji Zaveri clarifies volume movement; no financial impact reportedCompany Updatelow impact
Cruxal's analysis: The company issued a clarification regarding recent trading volume changes without…
Read the full analysis - Closure of Trading Window for the quarter and half-year ended 30th September, 2026Insider Trading / SASTlow impact
- Tribhovandas Bhimji Zaveri Ltd: Submission of Draft Letter of Offer for Public ShareholdersCompany Updatemedium impact
Cruxal's analysis: Axis Capital Ltd, acting as the Manager to the Offer, has submitted the Draft Letter of…
Read the full analysis - GRT Jewellers (India) Private Limited Announces Open Offer for 25.88% Stake in Tribhovandas Bhimji Zaveri Limited at INR 249.61 per ShareCompany Updatehigh impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) has received a Draft Letter of Offer from GRT…
Read the full analysis - Tribhovandas Bhimji Zaveri Limited (TBZ) to be acquired by GRT Jewellers for 1,034 crore; ICRA places ratings on watch with positive implicationsCompany Updatehigh impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) has announced that its promoters have entered…
Read the full analysis - Tribhovandas Bhimji Zaveri Limited (TBZ) Announces Successful Conclusion of 19th AGM and Approval of DividendAGM/EGMlow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited has successfully concluded its 19th Annual General…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd concludes 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd held its 19th Annual General Meeting on September 9, 2026…
Read the full analysis - Tribhovandas Bhimji Zaveri Limited (TBZ) Conducts 19th AGM; Reaffirms Pending Stake Sale to GRT JewellersAGM/EGMmedium impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) held its 19th Annual General Meeting on 9th…
Read the full analysis - GRT Jewellers (India) Private Limited Announces Detailed Public Statement for Open Offer to Acquire 25.88% Stake in Tribhovandas Bhimji Zaveri LimitedCompany Updatehigh impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) has received a Detailed Public Statement (DPS)…
Read the full analysis - GRT Jewellers Announces Mandatory Open Offer for 25.88% Stake in Tribhovandas Bhimji Zaveri Limited at INR 249.61 per ShareCompany Updatehigh impact
Cruxal's analysis: GRT Jewellers (India) Private Limited has issued a Detailed Public Statement for an open…
Read the full analysis - GRT Jewellers (India) Private Limited Announces Mandatory Open Offer for Tribhovandas Bhimji Zaveri Limited at INR 249.61 per ShareCompany Updatehigh impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) has received a public announcement from GRT…
Read the full analysis - GRT Jewellers (India) Private Limited Announces Mandatory Open Offer for Tribhovandas Bhimji Zaveri Limited at INR 249.61 per ShareCompany Updatehigh impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited (TBZ) is undergoing a change in control as GRT…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd releases routine media updateCompany Updatelow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd has filed a press release under Regulation 30 of the SEBI…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd files disclosure under Regulation 30 and 30A of SEBI LODROtherslow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd has submitted a regulatory filing under Regulation 30 and…
Read the full analysis - Tribhovandas Bhimji Zaveri Limited announces record date and TDS procedures for final dividend of INR 2.50 per shareCompany Updatelow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited has issued a formal communication to shareholders…
Read the full analysis - Tribhovandas Bhimji Zaveri Limited (TBZ) Announces 19th AGM and Record Date for Final DividendAGM/EGMlow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Limited has issued a formal notice for its 19th Annual General…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd issues routine shareholder communication under SEBI LODR Regulation 36(1)(b)Company Updatelow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd has issued a communication to shareholders in compliance…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd releases FY 2025-26 Annual Report and 19th AGM noticeOtherslow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd has filed its Annual Report for the financial year 2025-26…
Read the full analysis - Tribhovandas Bhimji Zaveri Ltd announces newspaper publication for 19th Annual General MeetingCompany Updatelow impact
Cruxal's analysis: Tribhovandas Bhimji Zaveri Ltd has submitted a copy of the newspaper advertisement…
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