Tribhovandas Bhimji Zaveri share price today

Tribhovandas Bhimji Zaveri Ltd's share price was ₹607.80 at the close on 30 October 2026. It has been rising for 17 weeks. That is 79.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹119 and ₹759, and at that close it sat 76% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Tribhovandas Bhimji Zaveri Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 29 weeks in a row.

Over the last 11 years the share price moved +1,073% while the NIFTY 500 moved +251%, 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.

1. Profit fell in the September 2026 quarter

   Profit was ₹14 crore, -56.2% on a year earlier (₹32 crore), after 5 quarters of growth.

3. Revenue up on a year earlier for 11 quarters in a row

   In the September 2026 quarter revenue was ₹705 crore, +2.5% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Tribhovandas Bhimji Zaveri reported revenue of ₹705 crore, up 2.5% from ₹688 crore a year earlier, and a profit of ₹14.0 crore, down 56.2% from ₹32.0 crore.

Tribhovandas Bhimji Zaveri results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 8 November 2023, about July to September 2023; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Tribhovandas Bhimji Zaveri closed at ₹607.80 on 30 October 2026, up 237.9% from ₹179.88 a year earlier (31 October 2025) and up 518.9% over five years. Its highest weekly close since March 2016 was ₹759.15 on 16 October 2026.

Tribhovandas Bhimji Zaveri share price: then and now

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 30 October 2026.

30 Oct 2026: Tribhovandas Bhimji Zaveri closed at ₹607.80, down 10.5% on the week and down 2.5% on the month. Results for July to September 2026: Revenue up 2.5% and profit down 56.2% on a year earlier.

Earlier

• 2 Sep 2026: ex-date for a dividend of ₹2.50 a share.
• 8 Nov 2023: Tribhovandas Bhimji Zaveri held its results call for July to September 2023.

Tribhovandas Bhimji Zaveri paid ₹2.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.41% at the ₹607.80 close on 30 October 2026. The last was a dividend of ₹2.50 a share, ex-date 2 September 2026.

Tribhovandas Bhimji Zaveri dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Tribhovandas Bhimji Zaveri Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2023, held on 8 November 2023, Tribhovandas Bhimji Zaveri's management spoke about the quarter; the main points are below.

Source: the call transcript.

From the call for July to September 2023, 8 November 2023. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Tribhovandas Bhimji Zaveri, from the latest results and calls: diamond mix expansion, showroom operating leverage and asset-light franchise rollout.

• Diamond Mix Expansion. Rising diamond jewellery contribution toward 30% of sales structurally elevates blended gross margins. ⚠ estimate
• Showroom Operating Leverage. Existing retail footprint generates operating leverage as store-level throughput increases. ⚠ estimate
• Asset-Light Franchise Rollout. Transitioning toward a 50-50 company-owned and franchise store network optimizes capital efficiency. ⚠ estimate
• Formalization and Customer Acquisition. Regulatory compliance and consumer trust drive market share migration from unorganized jewelers. ✓ 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 latest results, written 22 August 2026.

A sustained decline in quarterly operating margin below 6.5% across two consecutive quarters accompanied by diamond sales mix falling below 20%, which would demonstrate that recent earnings expansion was temporary inventory revaluation rather than structural retail operating leverage.

Each change stops working if

• Diamond Mix Expansion: Consumer discretionary demand softens or consumer preferences shift toward unbranded alternatives, reducing diamond sales mix below 20%.
• Showroom Operating Leverage: Same-store sales throughput declines, reversing operating leverage on fixed retail store overheads.
• Asset-Light Franchise Rollout: Franchise partner acquisition slows or franchisee unit economics become unviable.
• Formalization and Customer Acquisition: National retail competitors initiate aggressive localized discounting that erodes regional market share.

The main risks

• : Fiscal 2026 operating margin of 12% sits at historical highs and may mean-revert toward mid-cycle levels. ⚠ estimate
• Working Capital Debt Expansion: Bullion inventory stocking requirements have expanded total borrowings to 886 Cr. ⚠ estimate
• Gold Price Volatility and Demand Elasticity: Sharp gold price appreciation can cause transient retail volume postponements. ⚠ estimate
• Competition from National Chains: Aggressive retail showroom expansion by large national chains intensifies local competition. ⚠ estimate

Our read after the latest results, written 22 August 2026.

When Tribhovandas Bhimji Zaveri reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: Quarterly operating profit margin falling below 7.5% in two consecutive quarters.

Tribhovandas Bhimji Zaveri is on one of our India lists: Gold & silver stocks.

Tribhovandas Bhimji Zaveri Ltd earned ₹14.0 Cr of net profit in the Sep 2026 quarter, −56.3% on the same quarter a year earlier. Full-year FY26 profit was ₹202 Cr. That is 2.0% of the quarter's revenue. The same quarter a year earlier earned ₹32.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹202 Cr (+197.1% on the year before).

Why profit moved: revenue changed +2.5% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +206.0% and revenue +27.1%. 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. revenue ₹841 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹705 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Tribhovandas Bhimji Zaveri Ltd reported ₹705 Cr of revenue in the Sep 2026 quarter, +2.5% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 6.8% a year on average. The last full year, FY26, came in at ₹3,203 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Hallmarking mandates and consumer preference for certified jewellery continue to shift market share to established heritage brands. With 45% new customer acquisition recorded in key quarters and an active wedding collection pipeline, revenue expanded 34.8% YoY in the first quarter of fiscal 2027.

The last four reported quarters add to ₹3,437 Cr.

FY26 revenue was ₹3,203 Cr, +22.3% on the year before.

Recent pace: the last four quarters grew +27.1% on average, against 6.8% 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 +24.1%, against +19.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +111.8%, against +76.8% a year (accelerating).

FY27-Q1. revenue ₹841 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹705 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Tribhovandas Bhimji Zaveri Ltd's operating margin was 7.0% in the Sep 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 2.6% and 12.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.8 percentage points on the year while gross margin changed −1.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

FY27-Q1. revenue ₹841 Cr and profit ₹34 Cr as reported.

FY27-Q2. revenue ₹705 Cr and profit ₹14 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 13% of Tribhovandas Bhimji Zaveri Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹30.0 Cr of operating cash against ₹202 Cr of profit. After ₹47.0 Cr of spending on assets, free cash was −₹17.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 13% of profit came in as cash: the cash cycle got 54 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: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Tribhovandas Bhimji Zaveri Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 226 days in FY26, down from 280 days in FY21. It spent ₹101 Cr on assets over the last 3 years. Customers take 0 days to pay, and stock sits for 249 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. Management has executed a strategic product mix shift, raising diamond jewellery sales from 20% to 30% of total revenue. Because diamond jewellery carries higher gross margins than plain gold items, this mix improvement directly raised blended gross margins above 13%, illustrating the Value Chain Climb model.

At FY26 sales of ₹3,203 Cr, each day of that cycle ties up about ₹8.8 Cr, so roughly ₹1,983 Cr is tied up in the business at any time.

FY26: customers took 0 days to pay and stock sat for 249 days, about 8.2 months of sales sitting as stock, for a full cycle of 226 days, shorter than FY21's 280.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 249 days. Customers pay about 0 days after that. Suppliers are paid at 24 days. Together that makes the 226-day cycle.

Spending on assets: ₹101 Cr over the last 3 years, against ₹78.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Tribhovandas Bhimji Zaveri Ltd's P/E is 20.6×, near the high end of its own history: higher than 73% of past readings. Its usual P/E (the middle reading) is 16.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.