# RBZ Jewellers share price today (RBZ Jewellers Ltd, NSE: RBZJEWEL)

> RBZ Jewellers share price today: ₹176.72 at the NSE close on 3 November 2026, up 19.5% in a year. RBZ Jewellers (NSE: RBZJEWEL) is worth ₹705 crore, trades at a P/E of 12.5 and has closed between ₹110.19 and ₹200.69 over the past 52 weeks. > RBZ Jewellers Ltd's results are improving, while its P/E is near the low end of its own history over 2.8 years, higher than only 32% of past readings. RBZJEWEL · Diamond, Gems & Jewellery · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/rbz-jewellers-ltd

Our note on RBZ Jewellers's latest quarter, with what management said on the call, is in the Sector Alpha newsletter: https://newsletter.sectoralpha.in/p/rbz-jewellers-says-1012-cr-of-last?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹176.72 (+19.5% in a year)
- P/E: 12.5× (lower than 68% of the last 2.8 years)
- Revenue (Jun 2026): ₹121 Cr (+59.8% on a year ago)
- Profit (Jun 2026): ₹9.1 Cr (+27.7% on a year ago)
- Operating margin: 14.8% (−2.3 points on a year ago)
- ROCE: 22%, FY26
- ROIC: 12.7%, against a 12.0% cost of capital: +0.7 points

The main question: profits are rising, but only −61% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the RBZ Jewellers share price today? RBZ Jewellers Ltd's share price was ₹176.72 at the close on 3 November 2026. It has been rising for 13 weeks. That is 14.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹110 and ₹201, and at that close it sat 74% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 12 weeks in a row. Over the last 2.8 years the share price moved +53% while the NIFTY 500 moved +13%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at RBZ Jewellers this quarter? 2. Revenue up on a year earlier for 4 quarters in a row In the June 2026 quarter revenue was ₹121 crore, +59.8% on a year earlier. 3. Profit up on a year earlier for 4 quarters in a row In the June 2026 quarter profit was ₹9 crore, +27.7% on a year earlier. ## What are RBZ Jewellers' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), RBZ Jewellers reported revenue of ₹121 crore, up 59.8% from ₹75.6 crore a year earlier, and a profit of ₹9.09 crore, up 27.7% from ₹7.12 crore. ### RBZ Jewellers results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹121 crore | ₹75.6 crore | +59.8% |
| Profit | ₹9.09 crore | ₹7.12 crore | +27.7% |
| Earnings per share | ₹2.27 | ₹1.78 | +27.5% |
| Operating margin | 14.8% | 17.2% | −2.3 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). RBZ Jewellers' management discussed these results on a call held on 30 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the RBZ Jewellers share price history? RBZ Jewellers closed at ₹176.72 on 3 November 2026, up 19.5% from ₹147.83 a year earlier (31 October 2025). Its highest weekly close since December 2023 was ₹232.15 on 12 January 2024. ### RBZ Jewellers share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹180.64 | −2.2% |
| 1 month ago · 1 Oct 2026 | ₹196.87 | −10.2% |
| 6 months ago · 30 Apr 2026 | ₹136.33 | +29.6% |
| 1 year ago · 31 Oct 2025 | ₹147.83 | +19.5% |
| Earliest weekly close in our records · 29 Dec 2023 | ₹115.75 | +52.7% |
| Highest weekly close since December 2023 · 12 Jan 2024 | ₹232.15 | −23.9% |
| Lowest weekly close since December 2023, also the 52-week low · 27 Mar 2026 | ₹110.19 | +60.4% |
| 52-week high (weekly close) · 4 Sep 2026 | ₹200.69 | −11.9% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (156 weekly closes from 29 December 2023 to 3 November 2026.)

## What is the latest news on RBZ Jewellers? 3 Nov 2026: RBZ Jewellers closed at ₹176.72, down 2.2% on the week and down 10.2% on the month. Our read, 10 Oct 2026: RBZ's retail rollout provides a dated earnings opportunity, but borrowed inventory, undisclosed gold gains and launch costs prevent treating reported profit as distributable cash. ### Earlier

- 30 Sep 2026: RBZ Jewellers held its results call for April to June 2026. Management guided: Rajkot showroom to open before Diwali, with dates finalized within the week. - Results for April to June 2026: Revenue up 59.8% and profit up 27.7% on a year earlier. ### Our read of the business

April to June 2026: Surat is operating; profit conversion and inventory funding remain the tests. (Our read after the April to June 2026 results, written 10 October 2026.)

## What dividend does RBZ Jewellers pay? RBZ Jewellers has paid no dividend on the NSE since its first NSE close in our records (29 December 2023), the start of the period we checked. No. RBZ Jewellers Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did RBZ Jewellers management say on the latest results call? On the call for April to June 2026, held on 30 September 2026, RBZ Jewellers' management guided: Rajkot showroom to open before Diwali, with dates finalized within the week. > “Going forward, you can see that within approximately 3 years, this company will be a 100% inventory-hedged company.”
> Harit Zaveri, on the call for April to June 2026

### What management guided

- Maninagar and Gandhinagar showrooms planned for Q3 readiness; locations signed and interior work started. - New stores expected to remain in growth phase for 2-3 years, mature in 3-5 years, and reach capital spending break-even within 1 year. - Company aims to become 100% inventory-hedged within approximately 3 years, with hedging rising quarter-on-quarter. - GML planned to maximize inventory funding; cited cost of 3.5%-4% or lower versus 8%-9% normal interest, with debt-to-equity moving from 1.0:1.0 toward 2.0:1.0 and equity dilution last resort. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/56299-30-Sep-2026.pdf). (From the call for April to June 2026, 30 September 2026.)

## What is the future of RBZ Jewellers? What is changing in the business? What is changing at RBZ Jewellers, from the latest results and calls: retail rollout and customer ownership, inventory hedging and funding redesign and customer-supplied gold in job work. - Retail rollout and customer ownership. Surat converts the retail expansion plan into an operating test; the remaining Gujarat launches extend the same mechanism. ✓ fact
- Inventory hedging and funding redesign. Gold metal loans can reduce interest cost and metal-price exposure, conditional on bank limits and actual adoption. ⚠ estimate
- Manufacturing capacity headroom. Existing factory headroom can serve demand without an immediate manufacturing expansion. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 10 October 2026.)

## What could change the RBZ Jewellers story? What are the risks? Launches slip again or operating stores fail to cover incremental costs while company-funded inventory continues to grow. ### Each change stops working if

- Retail rollout and customer ownership: Launches slip again or operating stores fail to cover incremental costs while company-funded inventory continues to grow. - Inventory hedging and funding redesign: Bank sub-limits fail to activate or borrowing grows faster than the funding savings and inventory turnover. - Customer-supplied gold in job work: Customers reject advance-gold arrangements and the wholesale alternative requires more inventory financing. - Manufacturing capacity headroom: Utilization remains near its current level or incremental demand requires costs that offset factory absorption. ### The main risks

- Debt-funded cash gap: Reported earnings have not funded operating cash needs, and new borrowing supports the expansion. ⚠ estimate
- Gold-gain and margin normalization: Reported margins include metal-price effects that cannot yet be separated reliably from store profitability. ⚠ estimate
- New-store execution and customer response: Store openings and customer adoption may arrive later than the inventory and launch expenses. ⚠ estimate
- Guidance continuity: Withdrawn forecasts and revised launch dates limit the reliability of long-range extrapolation. ⚠ estimate

(Our read after the April to June 2026 results, written 10 October 2026.)

## What to watch in RBZ Jewellers' next results? When RBZ Jewellers reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Rajkot opening before Diwali - check whether the next launch meets the stated timing. - What to check (from the call)
- Rajkot opening before Diwali - check whether the next launch meets the stated timing. - Maninagar and Gandhinagar openings - check completion against the planned quarter and early customer response. - Quarter-wise hedging and GML disclosure - check funded inventory, hedge progression and finance limits obtained. - Next quarterly print to test whether Surat demand and B2B growth offset brand-building spend in reported profitability. ## Which stock lists is RBZ Jewellers on? RBZ Jewellers is on 3 of our India lists: Multibagger study list, Momentum stocks and Gold & silver stocks. - [Multibagger study list Study stage: early](https://www.sectoralpha.in/multibagger-stocks-india)
- [Momentum stocks Market cap cr: 680.9647140622285](https://www.sectoralpha.in/momentum-stocks-india)
- [Gold & silver stocks Group on the list: Jewellery makers and shops](https://www.sectoralpha.in/gold-stocks-india)

## Is RBZ Jewellers profitable? RBZ Jewellers Ltd earned ₹9.1 Cr of net profit in the Jun 2026 quarter, +27.7% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ₹55.0 Cr. Over 6 years profit has grown 62.4% a year on average. That is 7.5% of the quarter's revenue. The same quarter a year earlier earned ₹7.1 Cr. For the full year, FY26 profit was ₹55.0 Cr (+41.0% on the year before). Why profit moved: revenue changed +59.8% on a year earlier and the margin moved −2.3 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +56.8% and revenue +34.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. Surat is operating; profit conversion and inventory funding remain the tests

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much revenue does RBZ Jewellers make, and is it growing? RBZ Jewellers Ltd reported ₹121 Cr of revenue in the Jun 2026 quarter, +59.8% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 6 years it has grown 23.2% a year on average. The last full year, FY26, came in at ₹636 Cr. The last four reported quarters add to ₹682 Cr. FY26 revenue was ₹636 Cr, +20.0% on the year before. Recent pace: the last four quarters grew +34.8% on average, against 23.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +30.3%, against +37.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +54.0%, against +44.9% a year (accelerating). FY27-Q1. Surat is operating; profit conversion and inventory funding remain the tests

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does RBZ Jewellers keep? RBZ Jewellers Ltd's operating margin was 14.8% in the Jun 2026 quarter, 2.3 percentage points lower than the same quarter a year ago. Across 7 years it has been between 6.0% and 19.0%. The latest quarter is within that range. Why this happened. Commodity Escape Velocity remains incomplete. Management describes lower inventory funding and a gradual hedge rollout, but the benefit is offset by foregone gold appreciation and the possibility of higher leverage. The first measurable contribution is disclosed funded inventory and hedging progression; the eventual profit benefit requires the funding saving to exceed lost inventory gains and the cost of additional debt. Why the margin moved: operating margin changed −2.3 percentage points on the year while gross margin changed −5.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged. FY27-Q1. Surat is operating; profit conversion and inventory funding remain the tests

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters. ## Is RBZ Jewellers' profit turning into cash? Over the last 3 years RBZ Jewellers Ltd's operations used more cash than they brought in, so cash conversion was −61%, a gap worth watching. In FY26 its operations used ₹7.0 Cr of cash, against ₹55.0 Cr of profit. After ₹55.0 Cr of spending on assets, free cash was −₹62.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −61% of profit came in as cash: the cash cycle got 178 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 8.6× depreciation over three years. The next section checks what that spending is building. ## Where does RBZ Jewellers' cash go? RBZ Jewellers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 279 days in FY26, down from 457 days in FY21. It spent ₹69.0 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 251 days on average. Why this happened. The Value Chain Climb applies because RBZ keeps the retail customer relationship and making-charge economics. Surat is operating, and additional locations have dated readiness commitments. Earnings contribution depends on sales after opening exceeding incremental staff, advertising, lease and financing costs. Early customer response is qualitative; a repeatable store return has not yet been demonstrated. Rival pricing responses are unknown. At FY26 sales of ₹636 Cr, each day of that cycle ties up about ₹1.7 Cr, so roughly ₹486 Cr is tied up in the business at any time. FY26: customers took 32 days to pay and stock sat for 251 days, about 8.3 months of sales sitting as stock, for a full cycle of 279 days, shorter than FY21's 457. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 251 days. Customers pay about 32 days after that. Suppliers are paid at 5 days. Together that makes the 279-day cycle. Spending on assets: ₹69.0 Cr over the last 3 years, against ₹8.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹25.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is RBZ Jewellers' P/E ratio, and how does it compare with its own history? RBZ Jewellers Ltd's P/E is 12.5×, near the low end of its own history: it has been lower only 32% of the time. Its usual P/E (the middle reading) is 15.3×, over 2.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +41.2% while the price moved +19.5%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the RBZ Jewellers share price assume? Worked out from its price on 11 October 2026, RBZ Jewellers Ltd's share price assumed profit growth of about 4.8% a year. Over the past 6 years its profit actually grew 62.4% a year. Today its P/E is 12.5×, lower than 68% of its own last 2.8 years. This is a one-day reading, taken on 11 October 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the RBZ Jewellers business getting better or worse? RBZ Jewellers Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 30.5%; each line tells part of the story. This is based on 11 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is the RBZ Jewellers story, and has it been checked? RBZ Jewellers Ltd's story is not scored yet against the checks our research set on 10 October 2026. Where it sits in its own cycle: MID EXPANSION. Our read, 10 October 2026. RBZ's retail rollout provides a dated earnings opportunity, but borrowed inventory, undisclosed gold gains and launch costs prevent treating reported profit as distributable cash. From the numbers. From the price. Price stage 2, week 13, above its 200-day line, relative strength falling. From the research. RBZ's retail rollout provides a dated earnings opportunity, but borrowed inventory, undisclosed gold gains and launch costs prevent treating reported profit as distributable cash. Where they disagree. There is no evidence-backed basis to call this a trough-margin recovery or to extrapolate peak quarterly margins. What is proven. RBZ's retail rollout provides a dated earnings opportunity, but borrowed inventory, undisclosed gold gains and launch costs prevent treating reported profit as distributable cash. The test written in advance. Debt-funded cash gap. Measured by: Debt-funded cash gap Operating cash remains negative after the new-store festive ramp while borrowings and receivable days increase. by the next result. The test written in advance. Gold-gain and margin normalization. Measured by: Gold-gain and margin normalization Operating margins decline after openings even when sales rise, or inventory gains continue to be undisclosed. by the next result. What the company does. Surat is operating, while Rajkot and the smaller Gujarat stores provide the next execution tests. Retail can capture more of the jewellery value chain, but the company also retains the inventory and finances the customer-acquisition period. What the surface reading misses. The surface reading is: Higher sales and profit suggest successful expansion. The research reads it further: Operating margin fell against the comparable quarter while interest and depreciation increased; revenue therefore converted into profit less efficiently. Surat's September operating status cannot explain June sales. What the surface reading misses. The surface reading is: The latest annual-end quarter delivered higher earnings. The research reads it further: Revenue and operating profit both rose against the prior-year quarter, but the annual margin explanation includes inventory appreciation as well as fixed-cost absorption. Lever 4 · Paying down debt: building. Gold metal loans can reduce interest cost and metal-price exposure, conditional on bank limits and actual adoption. What proves it keeps working: Inventory hedging and funding redesign. It stops working if Bank sub-limits fail to activate or borrowing grows faster than the funding savings and inventory turnover. Sources: our stock research file (10 October 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did RBZ Jewellers management deliver what it promised? What RBZ Jewellers Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Prior-Quarter Guidance Claim Conflicts with the May Call · 12 August 2026. In Aug 2026, management said Q1 FY27 revenue growth was in line with guidance shared in the previous quarter. However, the May 2026 call explicitly said management was not giving guidance for the year; the latest call did not identify the supposed guidance period or amount, leaving an unresolved inconsistency in the basis for tracking performance. Store-Level Revenue Forecast Withdrawn · 12 August 2026. In Feb 2026, management provided explicit revenue projections for the Surat and Rajkot stores. In Aug 2026, despite the stores nearing launch, management declined to disclose any forecast and deferred visibility to Q3 without stating whether the earlier projections had been revised or retained. FY27 Revenue and PAT Guidance Withdrawn Without Acknowledgment · 15 May 2026. In the Feb 2026 call, management provided explicit FY27 guidance of INR 800-900 crores in revenue and INR 55-60 crores in PAT, giving analysts concrete numbers to anchor forward-looking models. In the May 2026 call, when directly asked the same question, management completely withdrew this guidance without acknowledging the prior figures or providing revised estimates, citing near-term macro uncertainty - a material credibility concern for any analyst who had built a model on the Feb 2026 numbers. New Store Revenue Projections Abandoned · 15 May 2026. Management gave specific long-term maturity goals for the Surat and Rajkot stores in the Nov 2025 call (INR 500 crores and INR 400 crores by year 4-5) and first-year revenue guidance in the Feb 2026 call (INR 150 crores for Surat and INR 125 crores for Rajkot). In the May 2026 call, when directly asked how long these stores would take to reach Ahmedabad-level sales, management declined to provide any figure or timeline, stating it was too nascent to comment - a complete retreat from two successive quarters of store-level guidance with no formal revision or acknowledgment of the change. Every quote above is taken word for word from the company’s own earnings calls. ## What is RBZ Jewellers management's track record? Manufacturing expansion was deferred while retail inventory is debt-funded; restraint is sensible but does not prove profitable allocation through a complete downturn. ### Regulatory and governance record

Employee theft was disclosed, insured and followed by a reported insurance receipt; this is a control lapse, not evidence of fraud by the company’s management. No named company/promoter/key-officer conduct finding, live material case, lie or huge unowned miss is established. 0% Promoter shares pledged

Sources:

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/rbz-jewellers-ltd/stocksupdate/companyid-62927.cms)
- [filingreader.com](https://filingreader.com/news-wire/mumbai/2026-02-25/rbz-jewellers-clarifies-insurance-recovery-following-employee-fraud)
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/rbz-jewellers-ltd/stocks/companyid-62927.cms)

(Checked 14 October 2026.)

## How much does RBZ Jewellers earn on its capital? RBZ Jewellers Ltd earned a ROCE of 22% in FY26. That is up from a low of 16% in FY24. Its return on capital used (ROIC) is 0.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 8.6% net margin and 1.31× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.6% net margin × 1.31× asset turnover × 1.62× leverage (assets divided by equity) ≈ 18.3% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 12.7% − 12.0% = +0.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 12.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 16.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does RBZ Jewellers have too much debt? RBZ Jewellers Ltd has total debt of ₹170 Cr against shareholder equity of ₹300 Cr as of Jun 2026, so its debt is 0.57× its equity. Year by year, that ratio went from 1.04 in FY23 to 0.57 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the RBZ Jewellers shareholding pattern? Domestic institutions cut their stake in RBZ Jewellers Ltd by 1.7 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.0% of the company. Foreign institutions moved −0.7 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −1.7 points over 8 quarters, to 0.0%; Foreign institutions: −0.7 points over 8 quarters, to 0.3%; Promoters: +0.0 points over 8 quarters, to 75.0%. Why the owners changed: domestic institutions drove it (−1.7 points), together with foreign institutions (−0.7 points). They reduced their stake. ## How far is RBZ Jewellers from balance-sheet trouble? For RBZ Jewellers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does RBZ Jewellers rank in its industry? 61.7 out of 100, rank 8 of 28 in Diamond, Gems & Jewellery, with 96% of the evidence available. RBZ Jewellers Ltd scores 61.7 out of 100 against the 28 companies it is compared with in Diamond, Gems & Jewellery, ranking 8. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.7 + 14.6 + 16.4 + 12 = 61.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is RBZ Jewellers compared with? RBZ Jewellers ranks 8 of 28 Diamond, Gems & Jewellery companies on the 4-Factor Sector Score, with 61.7 out of 100. 1. [D.P. Abhushan Ltd](https://www.sectoralpha.in/stocks/dp-abhushan-ltd) DPABHUSHAN · leader · Most evidence points up · 96% evidence 72.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 30.8% · Profit 94.3% · Operating margin change 1 points · 88% evidence Capital efficiency 18.9/25 · ROCE 39.6% · Operating margin 11% · 100% evidence Valuation 12.1/20 · P/E 18.5× · PEG 0.74 · 100% evidence Relative strength 17.3/20 · Lead over its industry 14.3% · Lead over NIFTY 500 53.2% · 1 year 37.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 18.9 + 12.1 + 17.3 = 72.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Sky Gold & Diamonds Ltd](https://www.sectoralpha.in/stocks/sky-gold-diamonds-ltd) SKYGOLD · leader · Most evidence points up · 100% evidence 71.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 73.1% · Profit 100% · Operating margin change 1 points · 100% evidence Capital efficiency 18.8/25 · ROCE 26.9% · Operating margin 8% · 100% evidence Valuation 6.9/20 · P/E 34.1× · PEG 1.71 · 100% evidence Relative strength 16.3/20 · Lead over its industry 36.4% · Lead over NIFTY 500 76.3% · 1 year 147.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 18.8 + 6.9 + 16.3 = 71.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [PNGS Reva Diamond Jewellery Limited](https://www.sectoralpha.in/stocks/pngs-reva-diamond-jewellery-limited) PNGSREVA · breaking out · Most evidence points up · 63% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 39.2/43.75 · Revenue 100% · Profit 100% · Operating margin change 5 points · 100% evidence Capital efficiency 19.0/31.25 · ROCE 22% · Operating margin 24% · 100% evidence Valuation 12.2/25 · P/E 20.8× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 39.2 + 19 + 12.2 = 70.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Shanti Gold International Ltd](https://www.sectoralpha.in/stocks/shanti-gold-international-ltd) SHANTIGOLD · breaking out · Most evidence points up · 71% evidence 67.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 100% · Profit 100% · Operating margin change -3 points · 83% evidence Capital efficiency 18.5/25 · ROCE 33.9% · Operating margin 10% · 76% evidence Valuation 10.9/20 · P/E 12.2× · PEG n/a · 15% evidence Relative strength 15.3/20 · Lead over its industry 1.1% · Lead over NIFTY 500 35% · 1 year 24% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.1 + 18.5 + 10.9 + 15.3 = 67.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [Tribhovandas Bhimji Zaveri Ltd](https://www.sectoralpha.in/stocks/tribhovandas-bhimji-zaveri-ltd) TBZ · leader · Most evidence points up · 100% evidence 67.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 24.1% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 15.2/25 · ROCE 21.9% · Operating margin 7% · 100% evidence Valuation 10.9/20 · P/E 20.6× · PEG 0.72 · 100% evidence Relative strength 19.5/20 · Lead over its industry 100.6% · Lead over NIFTY 500 148.9% · 1 year 237.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 10.9 + 19.5 = 67.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Khazanchi Jewellers Ltd](https://www.sectoralpha.in/stocks/khazanchi-jewellers-ltd) KHAZANCHI · breaking out · Most evidence points up · 71% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 24.4% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.3/25 · ROCE 34.8% · Operating margin 7% · 100% evidence Valuation 13.4/20 · P/E 17.5× · PEG n/a · 50% evidence Relative strength 10.6/20 · Lead over its industry n/a · Lead over NIFTY 500 6.8% · 1 year 7.3% · 25% evidence · 5 of 5 weeks ahead Exact sum: 26.5 + 16.3 + 13.4 + 10.6 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [PC Jeweller Ltd](https://www.sectoralpha.in/stocks/pc-jeweller-ltd) PCJEWELLER · breaking out · Evidence leans up · 100% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 29.3% · Profit 45.7% · Operating margin change 7 points · 100% evidence Capital efficiency 10.3/25 · ROCE 9.6% · Operating margin 29% · 100% evidence Valuation 13.2/20 · P/E 16.9× · PEG 0.32 · 100% evidence Relative strength 18.2/20 · Lead over its industry 14.7% · Lead over NIFTY 500 54.2% · 1 year 33.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.9 + 10.3 + 13.2 + 18.2 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. RBZ Jewellers Ltd this page RBZJEWEL · breaking out · Evidence leans up · 96% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 30.3% · Profit 54% · Operating margin change -2.3 points · 88% evidence Capital efficiency 14.6/25 · ROCE 22% · Operating margin 14.8% · 100% evidence Valuation 16.4/20 · P/E 12.2× · PEG 0.23 · 100% evidence Relative strength 12.0/20 · Lead over its industry -8.2% · Lead over NIFTY 500 24.1% · 1 year 16.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.7 + 14.6 + 16.4 + 12 = 61.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Titan Company Ltd](https://www.sectoralpha.in/stocks/titan-company-ltd) TITAN · losing its lead · Evidence leans up · 96% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.0/35 · Revenue 45% · Profit 55.1% · Operating margin change 3 points · 88% evidence Capital efficiency 14.1/25 · ROCE 20.5% · Operating margin 14% · 100% evidence Valuation 9.8/20 · P/E 67.5× · PEG 1.43 · 100% evidence Relative strength 6.9/20 · Lead over its industry -21.5% · Lead over NIFTY 500 7.2% · 1 year 18.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 26 + 14.1 + 9.8 + 6.9 = 56.8 · What this means: Earnings are strong; relative strength in its sector is -21.5% and the one-year return is 18.8%. 10. [Thangamayil Jewellery Ltd](https://www.sectoralpha.in/stocks/thangamayil-jewellery-ltd) THANGAMAYL · quiet · Evidence leans up · 96% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Revenue 83.2% · Profit 100% · Operating margin change -1 points · 88% evidence Capital efficiency 14.7/25 · ROCE 25.5% · Operating margin 5% · 100% evidence Valuation 9.5/20 · P/E 35.3× · PEG 0.78 · 100% evidence Relative strength 6.4/20 · Lead over its industry -20.4% · Lead over NIFTY 500 7% · 1 year 105.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 25.8 + 14.7 + 9.5 + 6.4 = 56.4 · What this means: Earnings are strong; relative strength in its sector is -20.4% and the one-year return is 105.3%. 11. [Senco Gold Ltd](https://www.sectoralpha.in/stocks/senco-gold-ltd) SENCO · quiet · Evidence leans up · 96% evidence 53.0 out of 100 Growth Capital Valuation Relative
12. [Shringar House of Mangalsutra Ltd](https://www.sectoralpha.in/stocks/shringar-house-of-mangalsutra-ltd) SHRINGARMS · breaking out · Evidence leans up · 73% evidence 52.1 out of 100 Growth Capital Valuation Relative
13. [P N Gadgil Jewellers Ltd](https://www.sectoralpha.in/stocks/p-n-gadgil-jewellers-ltd) PNGJL · quiet · Evidence leans up · 93% evidence 52.0 out of 100 Growth Capital Valuation Relative
14. [Kalyan Jewellers India Ltd](https://www.sectoralpha.in/stocks/kalyan-jewellers-india-ltd) KALYANKJIL · losing its lead · Evidence leans down · 96% evidence 49.8 out of 100 Growth Capital Valuation Relative
15. [PNGS Gargi Fashion Jewellery Ltd](https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd) basing · Evidence leans down · 72% evidence 48.0 out of 100 Growth Capital Valuation Relative
16. [Motisons Jewellers Ltd](https://www.sectoralpha.in/stocks/motisons-jewellers-ltd) MOTISONS · breaking out · Evidence leans down · 96% evidence 47.9 out of 100 Growth Capital Valuation Relative
17. [Bluestone Jewellery & Lifestyle Ltd](https://www.sectoralpha.in/stocks/bluestone-jewellery-lifestyle-ltd) BLUESTONE · losing its lead · Too little evidence to rank firmly · 59% evidence 46.9 out of 100 Growth Capital Valuation Relative
18. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) MVGJL · losing its lead · Evidence leans down · 96% evidence 45.8 out of 100 Growth Capital Valuation Relative
19. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) RADHIKAJWE · quiet · Evidence leans down · 96% evidence 45.6 out of 100 Growth Capital Valuation Relative
20. [Vaibhav Global Ltd](https://www.sectoralpha.in/stocks/vaibhav-global-ltd) VAIBHAVGBL · quiet · Evidence leans down · 100% evidence 43.7 out of 100 Growth Capital Valuation Relative
21. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) breaking out · Too little evidence to rank firmly · 57% evidence 42.4 out of 100 Growth Capital Valuation Relative
22. [Rajesh Exports Ltd](https://www.sectoralpha.in/stocks/rajesh-exports-ltd) RAJESHEXPO · quiet · Evidence leans down · 88% evidence 36.7 out of 100 Growth Capital Valuation Relative
23. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ASTAR · turning · Most evidence points down · 78% evidence 28.4 out of 100 Growth Capital Valuation Relative
24. [Utssav CZ Gold Jewels Ltd](https://www.sectoralpha.in/stocks/utssav-cz-gold-jewels-ltd) UTSSAV · leader · Too little evidence to rank firmly · 47% evidence 63.6 out of 100 Growth Capital Valuation Relative
25. Uday Jewellery Industries Ltd Too little evidence to rank firmly · 47% evidence 62.1 out of 100 Growth Capital Valuation Relative
26. [Advit Jewels Ltd](https://www.sectoralpha.in/stocks/advit-jewels-ltd) RAMBHAJO · turning · Too little evidence to rank firmly · 45% evidence 58.9 out of 100 Growth Capital Valuation Relative
27. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) GJL · Too little evidence to rank firmly · 34% evidence 52.9 out of 100 Growth Capital Valuation Relative
28. [Golkunda Diamonds & Jewellery Ltd](https://www.sectoralpha.in/stocks/golkunda-diamonds-jewellery-ltd) Too little evidence to rank firmly · 43% evidence 45.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Diamond, Gems & Jewellery](https://www.sectoralpha.in/sectors/diamond-gems-jewellery), all 28 compared on one page. ## Which companies are close to RBZ Jewellers in size? RBZ Jewellers is the 23rd largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Asian Star Company, SJ Corporation and Manoj Vaibhav Gems N Jewellers. Just below it: Radhika Jeweltech, Grover Jewells and PNGS Gargi Fashion Jewellery. ### Diamond, Gems & Jewellery companies close in size

1. [Asian Star Company Ltd](https://www.sectoralpha.in/stocks/asian-star-company-ltd) ₹1,042 crore
2. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) ₹845 crore
3. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) ₹799 crore
4. RBZ Jewellers Ltd ₹690 crore
5. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) ₹686 crore
6. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) ₹540 crore
7. [PNGS Gargi Fashion Jewellery Ltd](https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd) ₹527 crore

[All 27 Diamond, Gems & Jewellery companies, largest first](https://www.sectoralpha.in/sectors/diamond-gems-jewellery#all-companies)

### Companies close in size in other industries

1. [SRIT India Ltd](https://www.sectoralpha.in/stocks/srit-india-ltd) ₹692 crore
2. [Kronox Lab Sciences Ltd](https://www.sectoralpha.in/stocks/kronox-lab-sciences-ltd) ₹691 crore · Speciality Chemicals
3. RBZ Jewellers Ltd ₹690 crore
4. [Vascon Engineers Ltd](https://www.sectoralpha.in/stocks/vascon-engineers-ltd) ₹690 crore · Construction & Contracting
5. [Merritronix Ltd](https://www.sectoralpha.in/stocks/merritronix-ltd) ₹689 crore · Electronics - Others

## What else do people ask about RBZ Jewellers? ### What is RBZ Jewellers's share price today? RBZ Jewellers Ltd's share price is ₹176.72, +19.5% over the past year. The whole company is worth ₹705 Cr on the market. In the last 52 weeks it traded between ₹110 to ₹201; today it is 74% of the way up from the low, 14.3% above its 200-day average (as of 3 November 2026). ### What were RBZ Jewellers's latest quarterly results? RBZ Jewellers Ltd reported revenue of ₹121 Cr and net profit of ₹9.1 Cr for the Jun 2026 quarter. Revenue rose 59.8% and profit rose 27.7% compared with a year earlier. Earnings per share were ₹2.27. The operating margin was 14.8%, 2.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is RBZ Jewellers's market cap? RBZ Jewellers Ltd's market capitalisation is ₹705 Cr at a share price of ₹176.72. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is RBZ Jewellers performing? RBZ Jewellers Ltd's share price has been rising for 13 weeks. In its latest quarter, revenue rose 59.8% and profit rose 27.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 12 weeks running (as of 3 November 2026). ### Will RBZ Jewellers's share price go up? This page does not forecast RBZ Jewellers Ltd's share price. What it shows instead: the share price is ₹176.72, and it has been rising for 13 weeks. Its P/E of 12.5× is higher than 32% of its own last 3 years (as of 3 November 2026). ### Who owns RBZ Jewellers? Promoters own 75.0% of RBZ Jewellers Ltd, foreign institutions 0.3%, domestic institutions 0.0% and the public 24.7% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 1.7 percentage points over 8 quarters (as of 3 November 2026). ### Where is RBZ Jewellers in its business cycle? RBZ Jewellers Ltd's FY26 operating margin was 15.0%, against a 7-year range of 6.0% to 19.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 14.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the RBZ Jewellers story? The main question: profits are rising, but only −61% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is RBZ Jewellers a stock worth studying right now? What the numbers show: RBZ Jewellers Ltd's results are improving, while its P/E is near the low end of its own history over 2.8 years, higher than only 32% of past readings. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a RBZ Jewellers share price forecast for 2026? What management itself guided: Rajkot showroom to open before Diwali, with dates finalized within the week. What is changing at RBZ Jewellers, from the latest results and calls: retail rollout and customer ownership, inventory hedging and funding redesign and customer-supplied gold in job work. What would change the story: Launches slip again or operating stores fail to cover incremental costs while company-funded inventory continues to grow. ### Where does this page get RBZ Jewellers' management information? From RBZ Jewellers' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Multibagger study list: https://www.sectoralpha.in/multibagger-stocks-india
- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Gold & silver stocks: https://www.sectoralpha.in/gold-stocks-india

This is research, not advice. We’re not SEBI-registered.