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Tribhovandas Bhimji Zaveri Ltd. Stock Analysis

Small Cap
Evaluated by 477 users | BSE: 534369 | NSE: TBZ |
Diamond & Jewellery
The company’s flagship showroom in Zaveri Bazar, Mumbai was established in 1864. Since 2001, the company has opened several showrooms, including opening seven showrooms between August 2007 and October 2008. All of the company’s showrooms operate under the name of...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Tribhovandas Bhimji Zaveri Ltd. has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 19.18%23.29%17.04%9.85%5.5%2.08%4.94%5.11%4.97%6.24%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1941,3851,6581,8241,9341,6551,6901,7511,7641,810
Y-o-Y Gr. Rt.-16%19.7%10%6%-14.5%2.1%3.6%0.7%2.6%
Adjusted EPS (Rs.) 7.8311.4412.688.22.56-3.081.953.22.353.4
Y-o-Y Gr. Rt.-46.1%10.8%-35.3%-68.8%-220.3%NA64.1%-26.6%44.7%
Book Value per Share (Rs.) 21.1931.7361.3867.0469.4665.3568.3171.4372.572.04
Adjusted Net Profit 39.257.284.554.717.1-20.61321.315.722.7
Net Op. Cash Flow (Rs. Cr.) 28.538.5-303-30.214.814.115341.532.4149
Debt to Cash Flow from Ops 7.425.4-1.39-18.8239.7146.013.5913.718.713.69
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Tribhovandas Bhimji Zaveri Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 4.7%-1.3%2.3%2.6%
Adjusted EPS -8.9%5.8%20.4%44.7%
Book Value per Share 14.60.71.8-0.6
Share Price - -20.6% -31.9% -15.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 44.6342.8529.6712.773.75-4.572.914.583.274.71
Operating Profit Margin (%) 7.4699.247.634.163.164.324.534.686.64
Net Profit Margin (%) 3.284.135.130.88-1.240.771.220.891.25
Debt to Equity 21.311.031.271.271.491.21.191.251.14
Working Capital Days 119132173227234278249212242257
Cash Conversion Cycle 8697145188191223211186200197
Entity Percentage Holding
Promoters 74.12%
Institutions 0.54%
Non-Institutions 25.34%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Tribhovandas Bhimji and arrived at the following conclusion:

Past 10 year's financial track record indicates that Tribhovandas Bhimji is a below average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Tribhovandas Bhimji's performance infers:

Tribhovandas Bhimji earnings have grown by 5.8%, whereas share price has depreciated -20.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company

The company’s flagship showroom in Zaveri Bazar, Mumbai was established in 1864. Since 2001, the company has opened several showrooms, including opening seven showrooms between August 2007 and October 2008. All of the company’s showrooms operate under the name of “Tribhovandas Bhimji Zaveri”. Late Shri Tribhovandas Bhimji Zaveri expanded the business by opening new showrooms. But it was his grandson, Late Shri Gopaldas Zaveri, who shook up the Indian

The company’s flagship showroom in Zaveri Bazar, Mumbai was established in 1864. Since 2001, the company has opened several showrooms, including opening seven showrooms between August 2007 and October 2008. All of the company’s showrooms operate under the name of “Tribhovandas Bhimji Zaveri”. Late Shri Tribhovandas Bhimji Zaveri expanded the business by opening new showrooms. But it was his grandson, Late Shri Gopaldas Zaveri, who shook up the Indian market by offering customers a full value gold buy-back scheme.

Out of company’s 14 showrooms, 11 are termed as “large format” high street showrooms (carpet area of 3,000 sq. ft. or more) and three are termed as “small format” high street showrooms (carpet area of 1,000-3,000 sq. ft.). Four of company’s showrooms are in Mumbai, Maharashtra; one is in Thane, Maharashtra; one is in Pune, Maharashtra; two are in Hyderabad, Andhra Pradesh; one is in Vijayawada, Andhra Pradesh; one is in Ahmedabad, Gujarat; one is in Surat, Gujarat; one is in Rajkot, Gujarat; one is in Indore, Madhya Pradesh; and one is in Kochi, Kerala.

Further, the company plans to open an additional 43 showrooms (25 large format high street showrooms and 18 small format high street showrooms) by the end of Fiscal 2015, which would give them a total of 57 showrooms (with a total carpet area of approximately 150,000 square feet.) in 43 cities across 14 states.

The company is having branches in:

  • Mumbai - Zaveri Bazar, Borivali, Ghatkopar, Santacruz, Thane and Churchgate
  • Pune
  • Surat
  • Ahmedabad
  • Rajkot
  • Vadodara
  • Hyderabad - Punjagutta and Basheerbagh
  • Vijaywada
  • Indore
  • Kochi

Product Range

  • Gold - Necklaces, Ear-rings, Rings, Chain, Bangles
  • Diamond- Necklaces, Waist-belts, Ear-rings, Rings, Bangles
  • Platinium- Necklaces, Ear-rings, Love Bands, Rings, Bangles

Apart from these, the company also has Wedding, Men's, Temple, Dohra, Surprises, Showstopper and Azvaa collection.

The company is having an exclusive Kalpavruksha Plan through which one can own exquisite 22kt gold, diamond or platinum jewellry through easy installments’.

Awards

2010
Retail Jewellers India Awards - Gold Vivah Jewellery of the Year

2011
 Retail Jewellers India Awards - TV Campaign of the Year
 IJ Jewellers Choice Awards - Best Necklace Design
 IJ Jewellers Choice Awards - Best Bridal Design
 IJ Jewellers Choice Awards - Kundan Meena Jewellery Award

2012
National Jewellery Award - Best Advertising Campaign of the Year (Print)
Asia Retail Congress Awards in two categories - i. Best Impactful  Retail Design and Visual Merchandising and ii. Innovative Retail Concept of the Year

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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