| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 705 | 688 | +2.5% |
| EBITDA | 46.1 | 64.2 | −28.1% |
| EBITDA margin | 6.5% | 9.3% | −2.8 pts |
| Profit before tax | 20.7 | 41.9 | −50.5% |
| Net profit | 14.3 | 31.5 | −54.7% |
| EPS | ₹2.14 | ₹4.73 | −54.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 4,269 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 10.5 | 27.2 | 25.0 | 11.9 | 8.0 | ||
| 786 | 786 | 700 | 533 | 487 | ||
| 5,044 | — | — | — | — | ||
| 3,437 | 3,203 | 2,620 | 2,299 | 2,394 | ||
| — | +22.2% | +14.0% | −4.0% | — | ||
| 362 | 361 | 173 | 139 | 116 | ||
| 10.5% | 11.3% | 6.6% | 6.1% | 4.9% | ||
| 331 | 332 | 148 | 116 | 91.8 | ||
| 196 | 202 | 68.4 | 54.4 | 40.2 | ||
| 5.7% | 6.3% | 2.6% | 2.4% | 1.7% | ||
| ₹29.44 | ₹30.32 | ₹10.25 | ₹8.16 | ₹6.02 | ||
| — | +195.8% | +25.7% | +35.4% | — | ||
| — | 29.7 | −26.9 | 39.7 | 93.2 | ||
| — | −14.1 | −12.0 | −9.5 | −7.7 | ||
| 15.6 | 15.6 | −38.8 | 30.2 | 85.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 4,268.8 | |
| - Cash, Equiv & ST Investments | 8.0 | 11.9 | 25.0 | 27.2 | 10.5 | |
| + Total Debt | 486.7 | 533.0 | 700.0 | 785.7 | 785.7 | |
| Enterprise Value | — | — | — | — | 5,043.9 | |
| Revenue | 2,393.6 | 2,298.9 | 2,620.5 | 3,203.0 | 3,437.4 | |
| Growth %, YoY | — | -4.0 | +14.0 | +22.2 | — | |
| EBITDA | 116.3 | 139.3 | 172.9 | 360.9 | 362.0 | |
| Margin % | 4.86 | 6.06 | 6.60 | 11.27 | 10.53 | |
| EBIT | 91.8 | 115.7 | 147.5 | 331.5 | 331.1 | |
| Net Income | 40.2 | 54.4 | 68.4 | 202.3 | 196.5 | |
| Margin % | 1.68 | 2.37 | 2.61 | 6.32 | 5.72 | |
| EPS, Adj (current shares) | 6.02 | 8.16 | 10.25 | 30.32 | 29.44 | |
| Growth %, YoY | — | +35.4 | +25.7 | +195.8 | — | |
| Cash from Operations | 93.2 | 39.7 | -26.9 | 29.7 | — | |
| Capital Expenditures | -7.7 | -9.5 | -12.0 | -14.1 | — | |
| Free Cash Flow | 85.4 | 30.2 | -38.8 | 15.6 | 15.6 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Tribhovandas Bhimji Zaveri (NSE: TBZ) had a market capitalisation of ₹4,056 crore at the 30 October 2026 close (₹607.80 a share), a PE ratio of 20.6 on the last four quarters' profit and a price-to-book ratio of 4.66. In FY26 its consolidated net profit was ₹202 crore on revenue of ₹3,203 crore; in Q2 FY27 (July–September 2026) it was ₹14.3 crore, down 54.7% year on year. Its debt-to-equity ratio was 0.98 on 30 September 2026. Promoters held 74.12% of the shares on 30 September 2026.
Tribhovandas Bhimji Zaveri's PE ratio is 20.6 at the 30 October 2026 close (₹607.80 a share): a market capitalisation of ₹4,056 crore divided by consolidated net profit of ₹196 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹202 crore) it is 20.0.
Tribhovandas Bhimji Zaveri's price-to-book (PB) ratio is 4.66 at the 30 October 2026 close: a market capitalisation of ₹4,056 crore divided by shareholders' equity (book value) of ₹871 crore on 30 September 2026. That is a book value of ₹130.48 per share against a share price of ₹607.80.
Tribhovandas Bhimji Zaveri's net worth — shareholders' equity in its consolidated balance sheet — was ₹871 crore on 30 September 2026, up 25.1% from ₹696 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,056 crore at the 30 October 2026 close.
Tribhovandas Bhimji Zaveri's market capitalisation was ₹4,056 crore at the 30 October 2026 close: 6.67 crore shares at ₹607.80 each.
No. Tribhovandas Bhimji Zaveri had borrowings of ₹854 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.98. Its cash and current investments were ₹85.1 crore, so its net debt was ₹769 crore.
Tribhovandas Bhimji Zaveri's basic earnings per share (EPS) were ₹30.32 in FY26, against ₹10.25 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹29.44.
Tribhovandas Bhimji Zaveri's debt-to-equity ratio was 0.98 on 30 September 2026: borrowings of ₹854 crore against total equity of ₹871 crore. A year earlier, on 30 September 2025, it was 1.05.
Tribhovandas Bhimji Zaveri's book value per share was ₹130.48 on 30 September 2026: shareholders' equity of ₹871 crore divided by the 6.67 crore shares in issue, up 25.1% from ₹104.30 a year earlier. The share price at the 30 October 2026 close was ₹607.80.
Promoters held 74.12% of Tribhovandas Bhimji Zaveri on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Tribhovandas Bhimji Zaveri's return on equity (ROE) was 27.1% and its return on capital employed (ROCE) was 39.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 10.9% and ROCE 20.7%.
Tribhovandas Bhimji Zaveri's dividend yield is 0.41% at the 30 October 2026 close: dividends of ₹2.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹607.80. They were ₹2.50 on 2 September 2026.
On 30 September 2026, Tribhovandas Bhimji Zaveri's shares were held by promoters 74.12%, foreign portfolio investors (FII/FPI) 0.45%, domestic institutions (DII) 0.25% and retail and other non-institutional investors 25.18%. Over the year, DII holding was up 0.25 percentage points from 0.00%.
In 2026, Tribhovandas Bhimji Zaveri has declared one dividend: ₹2.50 with record date 2 September 2026.
In FY26, Tribhovandas Bhimji Zaveri generated ₹29.7 crore of cash from operations and spent ₹14.1 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹15.6 crore. In FY25 it was −₹38.8 crore.
Tribhovandas Bhimji Zaveri's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit ₹14.3 crore, down 54.7% from ₹31.5 crore in Q2 FY26; revenue from operations ₹705 crore, up 2.5% year on year.
In FY26 (April 2025–March 2026), Tribhovandas Bhimji Zaveri's consolidated net profit was ₹202 crore, up 195.8% from ₹68.4 crore in FY25, on revenue from operations of ₹3,203 crore (up 22.2%). Over three years, from FY23, net profit was up 403.4%.
Tribhovandas Bhimji Zaveri has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 30 October 2026 closing prices, on FY26 net profit, Tribhovandas Bhimji Zaveri's PE ratio is 20.0, the third highest of the four: Shringar House of Mangalsutra 22.8, Motisons Jewellers 25.9 and Shanti Gold International 15.2, a peer average of 21.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Shringar House of Mangalsutra, Motisons Jewellers and Shanti Gold International: Tribhovandas Bhimji Zaveri's operating margin of 10.4% is the second highest of the four (Shringar House of Mangalsutra 6.9%, Motisons Jewellers 17.4%, Shanti Gold International 9.6%; peer average 11.3%); its return on equity of 27.1% is the highest of the four (Shringar House of Mangalsutra 17.0%, Motisons Jewellers 14.0%, Shanti Gold International 23.4%; peer average 18.1%).
In FY26, Tribhovandas Bhimji Zaveri earned net profit of ₹202 crore on revenue of ₹3,203 crore, against ₹115 crore on ₹2,246 crore for Shringar House of Mangalsutra. Tribhovandas Bhimji Zaveri's operating margin was 10.4% (Shringar House of Mangalsutra 6.9%) and its return on equity 27.1% (Shringar House of Mangalsutra 17.0%). At the 30 October 2026 close, Tribhovandas Bhimji Zaveri's market capitalisation was ₹4,056 crore against ₹2,638 crore for Shringar House of Mangalsutra, and its PE ratio on FY26 profit 20.0 against 22.8.
From Tribhovandas Bhimji Zaveri's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.