Tribhovandas Bhimji Zaveri Ltd
About
Tribhovandas Bhimji Zaveri Ltd is an Indian jewellery retailer, established in 1864. The company operates 34 retail stores across 26 cities and 12 states, offering gold, diamond, platinum, and precious stone jewelry. TBZ was the first in India to introduce a buyback guarantee in 1938, lightweight jewelry, certified solitaire diamonds, and 100% BIS (Bureau of Indian Standards) hallmarked 22K gold.The company has a manufacturing facility in Kandivali, Mumbai, which supports its jewelry production and quality control processes. TBZ offers a wide range of traditional, contemporary, and bridal collections, catering to various consumer preferences. Its multigenerational brand presence position it as a key player in India’s organized jewellery market.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2316 -4.2% | 2417 16.1% | 2083 75.5% | 1187 -33.5% | 1784 - | 1940 11.2% | 1744 10.2% | 1583 -3.6% | 1642 -15.8% | 1950 1.5% | 1921 -10.2% | 2141 46.2% | 1464 14.2% | 1283 36.0% | 943 26.1% | 748 - |
| Net Operating Income (INR Cr) | 2305 -3.88% | 2398 29.72% | 1849 37.11% | 1348 -25.79% | - | 1777 0.66% | 1765 4.47% | 1690 2.13% | 1655 -14.45% | 1934 6.02% | 1824 10.01% | 1658 19.70% | 1385 16.04% | 1194 34.92% | 885 0.00% | 669 52.21% |
| Profit (INR Cr) | 54 35.4% | 40 99.2% | 20 -53.4% | 43 102.0% | 21 - | 16 -26.8% | 21 64.4% | 13 - | -28 - | 24 -55.8% | 55 -34.9% | 84 47.5% | 57 46.1% | 39 131.6% | 17 62.2% | 10 - |
| Assets (INR Cr) | 1228 7.3% | 1144 1.9% | 1123 16.0% | 968 -14.0% | 1125 - | 1098 4.3% | 1052 4.2% | 1010 -7.9% | 1096 3.4% | 1060 3.7% | 1022 22.2% | 836 124.8% | 372 17.0% | 318 322.6% | 75 13.7% | 66 - |
| Net Worth (INR Cr) | 602 7.3% | 560 6.2% | 528 0.9% | 523 8.8% | 481 - | 484 1.5% | 477 4.6% | 456 4.5% | 436 -5.9% | 464 3.6% | 447 9.2% | 410 156.3% | 160 49.5% | 107 56.3% | 68 0.0% | 52 746.0% |
| Employee Cost (INR Cr) | 86 16.1% | 74 10.7% | 67 15.2% | 58 -28.0% | 81 3.4% | 78 -0.3% | 78 -1.8% | 80 11.3% | 72 15.1% | 62 -5.7% | 66 19.3% | 55 11.7% | 50 17.3% | 42 37.6% | 31 16.2% | 26 - |
| Interest Cost (INR Cr) | 57 | 53 | 41 | 52 | 62 | 53 | 44 | 55 | 61 | 57 | 52 | 25 | 33 | 25 | 20 | 14 |
| Cash & Bank Balance (INR Cr) | 50 | 46 | 45 | 40 | 41 | 40 | 38 | 32 | 39 | 34 | 74 | 32 | 6 | 9 | 3 | 3 |
| Total Debt (INR Cr) | 614 | 575 | 588 | 438 | 637 | 606 | 569 | 549 | 650 | 588 | 568 | 419 | 208 | 207 | 4 | 13 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.4% | 1.7% | 1.0% | 3.7% | 1.2% | 0.8% | 1.2% | 0.8% | - | 1.3% | 2.9% | 4.0% | 3.9% | 3.1% | 1.8% | 1.4% |
| Profit As % Of Assets | 4.4% | 3.5% | 1.8% | 4.5% | 1.9% | 1.4% | 2.0% | 1.3% | - | 2.3% | 5.4% | 10.1% | 15.4% | 12.3% | 22.5% | 15.8% |
| Profit As % Of Networth | 9.1% | 7.2% | 3.8% | 8.3% | 4.5% | 3.2% | 4.5% | 2.8% | - | 5.3% | 12.3% | 20.6% | 35.8% | 36.6% | 24.7% | 20.2% |
| Interest Cost to EBITDA % | 38.7% | 42.4% | 52.6% | 41.1% | 52.4% | 64.7% | 56.1% | 75.7% | 144.4% | 70.6% | 37.1% | 16.3% | 26.1% | 27.9% | 41.6% | 43.7% |
| Debt to Equity Ratio | 1.02 | 1.03 | 1.11 | 0.84 | 1.33 | 1.25 | 1.19 | 1.20 | 1.49 | 1.27 | 1.27 | 1.02 | 1.30 | 1.93 | 0.06 | 0.25 |
| RONW | 9.4% | 7.4% | 3.8% | 8.6% | 4.4% | 3.2% | 4.6% | 2.9% | - | 4.0% | 12.8% | 29.6% | 42.8% | 44.6% | 24.7% | 36.2% |
| ROCE | 10.8% | 9.2% | 6.4% | 10.7% | 8.1% | 7.1% | 7.4% | 6.4% | 3.3% | 8.2% | 14.5% | 24.6% | 34.7% | 43.2% | 59.0% | 78.8% |