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Tribhovandas Bhimji Zaveri Limited (TBZ) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹12.8B

TB Tribhovandas Bhimji Zaveri Limited TBZ · NSE
Price₹192.63
Fair Value₹516.27
Upside+168.0%
Quality60/100
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Evidence: High Range ₹238.75 – ₹702.07

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price +8.5% over the past month.

Price vs Fair Value (12 months)

₹212.20 ₹111.51 Fair Value ₹516.27 Jul 2025 Jul 2026

12‑month range ₹111.51 – ₹212.20 · fair‑value band ₹238.75 – ₹702.07 · the ₹192.63 price screens below the ₹516.27 fair value. As of Jul 3, 2026.

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Analysis

Tribhovandas Bhimji Zaveri Limited (TBZ) currently trades at ₹192.63, while our model-based Fair Value estimate is ₹516.27 — implying the stock looks roughly 168.0% undervalued today. We read business quality at 60/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Tribhovandas Bhimji Zaveri Limited generated revenue of ₹32.1B at a net margin of 6.3%. Revenue grew 56.7% year over year. It earns a return on equity of 27.1%. Net debt stands at ₹7.8B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹32.1B
Revenue growth (YoY) +56.7%
Net margin 6.3%
Return on equity 27.1%
Free cash flow −₹473M FY2026
P/E ratio 6.3
More key figures
Operating margin 12.6%
EPS (TTM) ₹30.32
Dividend yield 1.3%
EPS growth (YoY) +614%
Net debt ₹7.8B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India. The company offers bangles, pendants, rings, necklaces, bracelets, earrings, coins, gold bars, 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; loose diamonds; solitaires; 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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Tribhovandas Bhimji Zaveri Limited reported revenue of ₹32.0B in FY2026 versus ₹18.4B in FY2022, a compound +14.8%/yr. Reported net income was ₹2.0B in FY2026, compounding +77.9%/yr from FY2022.

Revenue +14.8%/yr
FY22 ₹18.4B
FY23 ₹23.9B
FY24 ₹23.0B
FY25 ₹26.2B
FY26 ₹32.0B
Net income +77.9%/yr
FY22 ₹202M
FY23 ₹402M
FY24 ₹544M
FY25 ₹684M
FY26 ₹2.0B

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Frequently asked questions

Is Tribhovandas Bhimji Zaveri Limited (TBZ) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹516.27 versus a price of ₹192.63 — about +168% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TBZ?
Our model-based fair value for Tribhovandas Bhimji Zaveri Limited is ₹516.27 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹192.63.
What is the quality score of TBZ?
Tribhovandas Bhimji Zaveri Limited has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Tribhovandas Bhimji Zaveri Limited (TBZ)?
Tribhovandas Bhimji Zaveri Limited reported trailing-twelve-month revenue of about ₹32.1B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of TBZ?
The net profit margin of Tribhovandas Bhimji Zaveri Limited is about 6.3%, meaning it keeps roughly 6.3% of revenue as net income. Based on the latest reported figures.
Does Tribhovandas Bhimji Zaveri Limited pay a dividend?
Tribhovandas Bhimji Zaveri Limited currently shows a dividend yield of about 1.31% relative to its recent price (as of Jul 3, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.