Q4 FY26 Results (April 2026)
Expected: 2026-04-01HIGH confidence
Potential for full-year PAT margin above 7% for first time, driving multiple expansion.
“Q3 FY26 PAT margin at 7.7%, sequential margin expansion trend”
Tribhovandas Bhimji Zaveri Ltd: Stock Analysis & Fundamentals
Updated this weekTribhovandas Bhimji Zaveri Ltd (Diamond, Gems & Jewellery) — fundamental analysis, earnings data, and key metrics. PE: 5.5. ROE: 10.9%. This stock is not currently in the Nifty 500 momentum outperformers list.
What's Happening
🌐FII stake decreased 0.9% this quarter
Re-Rating Catalysts
1. Q4 FY26 Results (April 2026)
2026-04-01HIGH
2. Debt Reduction (H1 FY27)
2026-09-30MEDIUM
3. Wedding Season 2026 (Q1 FY27)
2026-07-01HIGH
Value Trap Risks
1. Gold Price Volatility
HIGH2. Intensifying Competition
MEDIUM3. Working Capital Trap
MEDIUMKey Numbers
Current Price
₹119
Dividend Yield
1.89%
Market Cap
793 Cr
Valuation
N/AIs Tribhovandas Bhimji Zaveri Ltd a Turnaround Opportunity?
Deep value thesis based on recent earnings • Updated Mar 21, 2026
TBZ is executing a margin-led turnaround with PAT surging 170% YoY on just 14.4% revenue growth, driven by improved product mix, pricing power, and operational leverage.
Verdict
TURNAROUND_IN_PROGRESS
What Could Re-Rate Tribhovandas Bhimji Zaveri Ltd?
Re-rating catalysts over the next 2-4 quarters • Updated Mar 21, 2026
Debt Reduction (H1 FY27)
Expected: 2026-09-30MEDIUM confidence
Management's focus on converting scale to cash flows could reduce net debt/EBITDA below 2.5x.
“Interest coverage improved to 7.09x in Q3 FY26”
Wedding Season 2026 (Q1 FY27)
Expected: 2026-07-01HIGH confidence+₹150 Cr revenue
Strong demand visibility for India's wedding season could drive another margin surprise.
Impact: +₹150 Cr revenue
“Q3 FY26 revenue up 14.4% during festive season”
Asset Monetization (Q3 FY27)
Expected: 2027-01-01LOW confidence
Potential for unlocking value from land bank as operations stabilize.
“Company owns prime retail real estate in key cities”
What Are the Value Trap Risks for Tribhovandas Bhimji Zaveri Ltd?
Risks that could prevent re-rating or deepen the value trap
Gold Price Volatility
HIGHGold price increase >15% in 6 months
Impact: -300 bps margin impact
Management view: Management has hedging strategy but limited effectiveness during sharp moves
Monitor: Gold price volatility index
Intensifying Competition
MEDIUMCompetitor market share gain >2% in 1 year
Impact: -200 bps margin impact
Management view: Focus on differentiated product mix and customer experience
Monitor: Market share data from industry reports
Working Capital Trap
MEDIUMInventory days increase >15% sequentially
Impact: -150 bps margin impact
Management view: Tighter inventory management and vendor financing
Monitor: Inventory turnover ratio
What Is Tribhovandas Bhimji Zaveri Ltd's Management Guidance?
Forward-looking targets from management for fy27
Revenue Growth Target
12%
Implied PAT Growth
25%
OPM Guidance
13%
Capex Plan
₹50 Cr
Credit Growth Target
10%
Management Tone: CAUTIOUS
Key Milestones
• Q4 FY26 results
• Debt reduction by September 2026
• Wedding season performance
The above analysis is AI-generated from publicly available financial data. This is educational research only — not investment advice. Last updated Mar 21, 2026.
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Frequently Asked Questions: Tribhovandas Bhimji Zaveri Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Tribhovandas Bhimji Zaveri Ltd's latest quarterly results?
Tribhovandas Bhimji Zaveri Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +170.0%
- Revenue Growth YoY: +14.3%
- Operating Margin: 12.0%
What is Tribhovandas Bhimji Zaveri Ltd's current PE ratio?
Tribhovandas Bhimji Zaveri Ltd's current PE ratio is 5.5x.
- Current PE: 5.5x
- Market Cap: 793 Cr
- Dividend Yield: 1.89%
What is Tribhovandas Bhimji Zaveri Ltd's price-to-book ratio?
Tribhovandas Bhimji Zaveri Ltd's price-to-book ratio is 1.1x.
- Price-to-Book (P/B): 1.1x
- Book Value per Share: ₹104
- Current Price: ₹119
Is Tribhovandas Bhimji Zaveri Ltd a fundamentally strong company?
Tribhovandas Bhimji Zaveri Ltd's fundamental strength based on key financial ratios
- Return on Capital (ROCE): 12.0%
Is Tribhovandas Bhimji Zaveri Ltd debt free?
Tribhovandas Bhimji Zaveri Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹792 Cr
What is Tribhovandas Bhimji Zaveri Ltd's return on equity (ROE) and ROCE?
Tribhovandas Bhimji Zaveri Ltd's return ratios over recent years
- FY2023: ROCE 9.0%
- FY2024: ROCE 11.0%
- FY2025: ROCE 12.0%
Is Tribhovandas Bhimji Zaveri Ltd's cash flow positive?
Tribhovandas Bhimji Zaveri Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-27 Cr
- Free Cash Flow (FCF): ₹-72 Cr
- CFO/PAT Ratio: -40% (weak cash conversion)
What is Tribhovandas Bhimji Zaveri Ltd's dividend yield?
Tribhovandas Bhimji Zaveri Ltd's current dividend yield is 1.89%.
- Dividend Yield: 1.89%
- Current Price: ₹119
Who holds Tribhovandas Bhimji Zaveri Ltd shares — promoters, FII, DII?
Tribhovandas Bhimji Zaveri Ltd's shareholding pattern (Dec 2025)
- Promoters: 74.1%
- FII (Foreign): 0.0%
- DII (Domestic): 0.0%
- Public: 25.9%
Is promoter holding increasing or decreasing in Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 74.1% (Dec 2025)
- Previous Quarter: 74.1% (Sep 2025)
- Change: 0.00% (stable)
Is Tribhovandas Bhimji Zaveri Ltd a new momentum entry or an established outperformer?
Tribhovandas Bhimji Zaveri Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd has 4 key growth catalysts identified from recent earnings analysis
- Q4 FY26 Results (April 2026)
- Debt Reduction (H1 FY27)
- Wedding Season 2026 (Q1 FY27)
- Asset Monetization (Q3 FY27)
What are the key risks in Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd has 3 key risks worth monitoring
- Gold Price Volatility
- Intensifying Competition
- Working Capital Trap
What is Tribhovandas Bhimji Zaveri Ltd's management guidance for growth?
Tribhovandas Bhimji Zaveri Ltd's management has provided the following forward guidance for fy27
- Revenue growth target: 12%
- Implied PAT growth: 25%
- OPM guidance: 13%
- Capex plan: ₹50 Cr
- Credit growth target: 10%
- Management tone: cautious
- Milestone: Q4 FY26 results
- Milestone: Debt reduction by September 2026
Is Tribhovandas Bhimji Zaveri Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Tribhovandas Bhimji Zaveri Ltd may be worth studying
- Currently showing mixed signals — monitor for clearer trend confirmation
What is the investment thesis for Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd investment thesis summary:
Research Signals (Bull Case)
- Growth catalyst: Q4 FY26 Results (April 2026)
Risk Factors (Bear Case)
- Key risk: Gold Price Volatility
What is the future outlook for Tribhovandas Bhimji Zaveri Ltd?
Tribhovandas Bhimji Zaveri Ltd's forward outlook based on current data signals
- Key Catalyst: Q4 FY26 Results (April 2026)
- Key Risk: Gold Price Volatility
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.