Tribhovandas Bhimji Zaveri Ltd - Stock Valuation and Financial Performance

BSE: 534369 | NSE: TBZ | Diamond & Jewellery | Small Cap

Tribhovandas Bhimji Share Price

148.10 1.45 0.99%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Tribhovandas Bhimji

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Tribhovandas Bhimji Zaveri stock performance -

mw4me loader
P/E Ratio (CD):
18.19
Market Cap:
990.3 Cr.
52-wk low:
83.5
52-wk high:
153.8

Is Tribhovandas Bhimji Zaveri Ltd an attractive stock to invest in?

1. Is Tribhovandas Bhimji Zaveri Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Tribhovandas Bhimji Zaveri Ltd is a average quality company.

2. Is Tribhovandas Bhimji Zaveri Ltd undervalued or overvalued?

The key valuation ratios of Tribhovandas Bhimji Zaveri Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Tribhovandas Bhimji Zaveri Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Tribhovandas Bhimji Zaveri Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Tribhovandas Bhimji:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.9%5.5%2.1%4.9%5.1%5%6.2%8.2%5.1%7.4%-
Value Creation
Index
-0.3-0.6-0.9-0.7-0.6-0.7-0.6-0.4-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8241,9341,6551,6901,7511,7641,8101,3421,8442,3942,299
Sales YoY Gr.-6%-14.5%2.1%3.6%0.7%2.6%-25.9%37.4%29.8%-
Adj EPS 8.22.6-3.123.22.43.46.5368.2
YoY Gr.--68.8%-220.3%NA64.1%-26.6%44.7%90.3%-53.2%98.7%-
BVPS (₹) 6769.565.468.371.472.57278.479.18490.1
Adj Net
Profit
54.717.1-20.61321.315.722.743.220.240.254
Cash Flow from Ops. -30.214.814.115341.532.4149231-66.293.2-
Debt/CF from Ops. -18.839.7463.613.718.73.71.6-7.75.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.1%6.5%9.8%29.8%
Adj EPS -3.4%13.5%21%98.7%
BVPS2.5%3.3%5.2%6.2%
Share Price -1% 28.9% 21.4% 72.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
12.83.8-4.62.94.63.34.78.63.97.49.4
Op. Profit
Mgn %
7.64.23.24.34.54.76.69.44.45.26.1
Net Profit
Mgn %
30.9-1.20.81.20.91.33.21.11.72.4
Debt to
Equity
1.31.31.51.21.21.31.10.710.90
Working Cap
Days
227234278249212242257322234200116
Cash Conv.
Cycle
18819122321118620019724018515345

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Net Profit is growing at healthy rate in last 3 years 20.98%

Debt to equity has declined versus last 3 years average to 0.87

Sales growth has been subdued in last 3 years 9.76%

Sales growth is not so good in last 4 quarters at -2.95%

Latest Financials - Tribhovandas Bhimji Zaveri Ltd.

Standalone Consolidated
TTM EPS (₹) 8.1 8.2
TTM Sales (₹ Cr.) 2,299 2,299
BVPS (₹.) 91.1 90.1
Reserves (₹ Cr.) 541 535
P/BV 1.63 1.65
PE 18.33 18.19
From the Market
52 Week Low / High (₹) 83.52 / 153.80
All Time Low / High (₹) 16.50 / 301.00
Market Cap (₹ Cr.) 990
Equity (₹ Cr.) 66.7
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Tribhovandas Bhimji:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Tribhovandas Bhimji

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,8241,9341,6551,6901,7511,7641,8101,3421,8442,394
Operating Expenses 1,6851,8541,6121,6171,6721,6811,6921,2161,7622,270
Manufacturing Costs2123222510111594275148
Material Costs1,5001,6541,4061,4381,4091,4041,4691,1021,5942,081
Employee Cost 66627280787881586774
Other Costs 9811511375838448295067
Operating Profit 139804273798211812682124
Operating Profit Margin (%) 7.6%4.2%2.6%4.3%4.5%4.7%6.5%9.4%4.4%5.2%
Other Income 613436441285
Interest 52576155445362524153
Depreciation 10910991032272324
Exceptional Items 0900000000
Profit Before Tax 8338-2612322328602652
Tax 28132-1118717612
Profit After Tax 5524-2813211621432040
PAT Margin (%) 3.0%1.3%-1.7%0.8%1.2%0.9%1.2%3.2%1.1%1.7%
Adjusted EPS (₹)8.23.6-4.11.93.22.33.26.53.06.0
Dividend Payout Ratio (%)27%27%0%0%24%32%31%39%33%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 447463436456477484481523528560
Share Capital 67676767676767676767
Reserves 380397369389410417414456461494
Minority Interest0000000000
Debt563584646549569605548352507486
Long Term Debt171280000201
Short Term Debt547572638549569605548350507486
Trade Payables79109927892196194140199207
Others Liabilities 30425422911192148266236265277
Total Liabilities 1,3941,4101,4031,1941,2291,4331,4891,2521,4981,530

Fixed Assets

Gross Block131138150111120138232218229257
Accumulated Depreciation3431419172757787799
Net Fixed Assets97108109103103111174140152159
CWIP 2502000001
Investments 0000000000
Inventories1,1111,1141,1261,0271,0211,1791,1819841,2041,223
Trade Receivables311223263322
Cash Equivalents 74343932384041404546
Others Assets109149128284477908495101
Total Assets 1,3941,4101,4031,1941,2291,4331,4891,2521,4981,530

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -3015141534232149231-6693
PBT 8338-2612322328602652
Adjustment 52466459455488655166
Changes in Working Capital -127-61-2481-28-3544123-135-17
Tax Paid -38-8-11-7-10-12-16-9-8
Cash Flow From Investing Activity -5426-110-9-21-65-2-7
Capex -19-13-10-7-9-15-2-1-1-8
Net Investments -4033-460-7-65-20
Others 5522012111
Cash Flow From Financing Activity 86-47-1-155-27-16-147-23371-87
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3-5-4-1200125-23-2
Interest Paid -46-50-56-51-40-47-46-39-28-36
Dividend Paid -15-15-700-6-140-17-7
Others 1502265-931337-88-219139-42
Net Cash Flow 1-71-26-4-4320
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)12.845.34-6.122.94.563.244.448.623.847.39
ROCE (%)14.579.153.326.417.457.168.511.566.910.04
Asset Turnover Ratio1.421.381.181.311.521.351.240.971.341.58
PAT to CFO Conversion(x)-0.550.63N/A11.77227.15.37-3.32.33
Working Capital Days
Receivable Days0000253100
Inventory Days214210247231203224237297216185
Payable Days30212622223748553936

Tribhovandas Bhimji Zaveri Ltd Stock News

Tribhovandas Bhimji Zaveri Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Tribhovandas Bhimji on 12-Jul-2024 16:01 is ₹148.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Jul-2024 16:01 the market cap of Tribhovandas Bhimji stood at ₹990.3.
The latest P/E ratio of Tribhovandas Bhimji as of 12-Jul-2024 16:01 is 18.33.
The latest P/B ratio of Tribhovandas Bhimji as of 12-Jul-2024 16:01 is 1.63.
The 52-week high of Tribhovandas Bhimji is ₹153.8 and the 52-week low is ₹83.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Tribhovandas Bhimji is ₹2,299 ( Cr.) .

About Tribhovandas Bhimji Zaveri Ltd

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

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