Tribhovandas Bhimji Zaveri Ltd
TBZTribhovandas Bhimji Zaveri Ltd's earnings have outrun its stock. EPS grew +195.8% in a year against a +181.7% price move.
The sharpest disagreement: profits are rising, but only 13% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (10 weeks in) while the P/E sits at the 50th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +54.5% year on year, and 13% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Tribhovandas Bhimji Zaveri Ltd trades at ₹526, in a confirmed uptrend and 10 weeks into that stage. That is +136.1% against its own 200-day average. It sits at 100% of a 52-week range of ₹119 to ₹526. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks.
Today the stock is in a confirmed uptrend — week 10 of stage 2, confirmed. At ₹526 it trades +136.1% versus its 200-day average and sits at 100% of its 52-week range (₹119–₹526).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +916% while the NIFTY 500 moved +267% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Tribhovandas Bhimji Zaveri Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: MID_EXPANSION. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. Tribhovandas Bhimji Zaveri is undergoing an operating turnaround driven by a diamond mix shift to 30% and retail operating leverage, trading at 8.7x trailing earnings against a peak margin normalization risk.
From the numbers. TBZ trades at a trailing price-to-earnings multiple of 8.7x, placing it at the 10th percentile of its 10-year history. Multiple compression of 63.6% over the past 8 quarters has coincided with trailing EPS expansion of…
From the price. Price stage 2, week 10 — above its 200-day line, relative strength rising.
From the research. Tribhovandas Bhimji Zaveri is undergoing an operating turnaround driven by a diamond mix shift to 30% and retail operating leverage, trading at 8.7x trailing earnings against a peak margin normalization risk.
🚨 Where they disagree. TBZ trades at a trailing price-to-earnings multiple of 8.7x, placing it at the 10th percentile of its 10-year history. Multiple compression of 63.6% over the past 8 quarters has coincided with trailing EPS expansion of 198.6%, categorizing the setup as an earnings-driven valuation contraction. While deterministic cycle analysis flags a peak margin value trap given current operating margins of 12% against a 10-year normalized level of 5.5%, structural diamond mix expansion provides support for higher trough margins than historical cycles.
What is proven. Tribhovandas Bhimji Zaveri is undergoing an operating turnaround driven by a diamond mix shift to 30% and retail operating leverage, trading at 8.7x trailing earnings against a peak margin normalization risk.
What is not proven yet. 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.
🚨 What would change our mind. 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.
🚨 Layer 1 read, 22 August 2026 — DROP. Cheapest multiple here on a real profit jump — but the margin stopped rising last quarter and the cash never arrived. Profit quadrupled to ₹202cr and operating margin doubled to 12% in FY26, and the multiple fell to 8.7x because earnings ran, not because the price fell — the setup the fund's own base rates reward. The problem is that ₹201cr of that ₹202cr profit went straight into gold on the shelf: three-year operating cash flow is ₹43cr against ₹324cr of profit and borrowings are up ₹298cr since 2022. And the engine cooled in the newest quarter — June-2026 margin of 9% is the same 9% as a year earlier, so the margin story is now flat, not rising.
What would change Layer 1’s mind. A second consecutive quarter of operating margin at or below 9% — i.e. September-2026 printing ≤9% against September-2025's 9% — would confirm the margin doubling was a gold-price and inventory-cycle effect rather than the structural diamond-mix shift the thesis claims, and would turn the 8.7x multiple into the peak-earnings trap the timeline's own R1 risk names. The reverse also holds: a September quarter back above 11% with operating cash flow turning positive against profit would lift this…
The test written in advance. 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. — the thesis as written as stated by the next result.
The test written in advance. Peak Margin Value Trap — Peak Margin Value Trap Quarterly operating profit margin falling below 7.5% in two consecutive quarters. by the next result.
The test written in advance. Working Capital Debt Expansion — Working Capital Debt Expansion Total balance sheet borrowings exceeding 1,050 Cr without an improvement in operating cash flow. by the next result.
What the company does. Operating margins expanded from 6% in fiscal 2024 to 12% in fiscal 2026, lifting annual net profit from 54 Cr to 202 Cr. The trailing price-to-earnings multiple of 8.7x sits at the 10th percentile of historical valuation, but normalizes to 26.1x under mid-cycle 5.5% operating margins. Working capital absorption of 201 Cr in fiscal 2026 reflects bullion inventory scaling across 37 retail showrooms rather than structural cash leakage.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Diamond Mix Expansion | in play | — | Rising diamond jewellery contribution toward 30% of sales structurally elevates blended gross margins. | Consumer discretionary demand softens or consumer preferences shift toward unbranded alternatives, reducing diamond sales mix below 20%. |
| Showroom Operating Leverage | in play | — | Existing retail footprint generates operating leverage as store-level throughput increases. | Same-store sales throughput declines, reversing operating leverage on fixed retail store overheads. |
| Asset-Light Franchise Rollout | in play | — | Transitioning toward a 50-50 company-owned and franchise store network optimizes capital efficiency. | Franchise partner acquisition slows or franchisee unit economics become unviable. |
| Formalization and Customer Acquisition | in play | — | Regulatory compliance and consumer trust drive market share migration from unorganized jewelers. | National retail competitors initiate aggressive localized discounting that erodes regional market share. |
🚨 What the surface reading misses. The surface reading is: A price-to-earnings multiple of 8.7x indicates an inexpensive valuation relative to the 10-year median of 15.5x. The research reads it further: Trailing net earnings of 202 Cr reflect peak operating margins of 12%. Normalizing operating margins to the 10-year median of 5.5% produces normalized net profit of 72 Cr (EPS 10.73), raising the normalized multiple to 26.1x (85th percentile).
🚨 What the surface reading misses. The surface reading is: Annual revenue expanded 22.2% YoY to 3,203 Cr in FY26 from 2,620 Cr in FY25, indicating accelerating top-line growth across retail showrooms. The research reads it further: Revenue growth was accompanied by higher operating profit expansion (104% YoY to 369 Cr), reflecting retail operating leverage as showroom throughput expanded without proportional fixed cost inflation.
Lever 2 · Value-added mix — BUILDING. Rising diamond jewellery contribution toward 30% of sales structurally elevates blended gross margins. What proves it keeps working: Diamond Mix Expansion. It stops working if Consumer discretionary demand softens or consumer preferences shift toward unbranded alternatives, reducing diamond sales mix below 20%.
Lever 1 · Operating leverage — BUILDING. Existing retail footprint generates operating leverage as store-level throughput increases. What proves it keeps working: Showroom Operating Leverage. It stops working if Same-store sales throughput declines, reversing operating leverage on fixed retail store overheads.
Lever 5 · Regulatory approval — BUILDING. Regulatory compliance and consumer trust drive market share migration from unorganized jewelers. What proves it keeps working: Formalization and Customer Acquisition. It stops working if National retail competitors initiate aggressive localized discounting that erodes regional market share.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Tribhovandas Bhimji Zaveri Ltd reported ₹841 Cr of revenue in the Jun 26 quarter, +34.8% year on year. That is the 10th straight quarter of year-on-year growth. Over 10 years it has compounded at 6.8% a year. The last full year, FY26, came in at ₹3,203 Cr. The last four reported quarters add to ₹3,420 Cr.
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.
FY26 revenue came in at ₹3,203 Cr (+22.3% on the year), capping 10 years at 6.8% compound. The latest quarter (Jun 26) printed ₹841 Cr, +34.8% year on year — the 10th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +31.8% growth against the decade's 6.8% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +29.2% over the last 4 quarters against +21.3%/yr over the last 8 — accelerating; TTM profit +194.5% vs +89.3%/yr — accelerating.
FY26-Q4. revenue ₹830 Cr and profit ₹68 Cr as reported.
FY27-Q1. revenue ₹841 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Tribhovandas Bhimji Zaveri Ltd's operating margin is 9.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 2.6% to 12.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 9.0%, +0.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 2.6%–12.0%, and FY26's 12.0% is the top of that band — a record year.
Why the margin moved: operating margin went +0.1 pp year on year while gross margin went −1.6 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
FY26-Q4. revenue ₹830 Cr and profit ₹68 Cr as reported.
FY27-Q1. revenue ₹841 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Tribhovandas Bhimji Zaveri Ltd earned ₹34.0 Cr of net profit in the Jun 26 quarter, +54.5% year on year. It is the 5th consecutive quarter of growth. Full-year FY26 profit was ₹202 Cr. That is 4.0% of the quarter's revenue. The same quarter a year earlier earned ₹22.0 Cr.
Jun 26 profit was ₹34.0 Cr, +54.5% year on year — the 5th consecutive quarter of growth. On the full year, FY26 printed ₹202 Cr (+197.1%).
Why profit moved: revenue contributed +34.8% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +261.7% vs revenue +31.8%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹830 Cr and profit ₹68 Cr as reported.
FY27-Q1. revenue ₹841 Cr and profit ₹34 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 13% of Tribhovandas Bhimji Zaveri Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹30.0 Cr of operating cash against ₹202 Cr of profit. After ₹47.0 Cr of capital spending, ₹−17.0 Cr was left as free cash.
FY26: operating cash of ₹30.0 Cr against reported profit of ₹202 Cr, leaving free cash of ₹−17.0 Cr after ₹47.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 13% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 13%: the cash cycle tightened 54 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Tribhovandas Bhimji Zaveri Ltd's cash conversion cycle runs 226 days in FY26, down from 280 days in FY21. Capital spending ran ₹101 Cr over the last 3 years. At FY26 sales of ₹3,203 Cr each day of that cycle holds about ₹8.8 Cr, so roughly ₹1,983 Cr sits inside the business at any moment.
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.
FY26: debtors at 0 days, inventory at 249 days — roughly 8.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 226 days, tighter than FY21's 280.
The full loop: cash goes out to suppliers and production on day 0; stock waits 249 days to sell; customers pay about 0 days after that; and suppliers themselves are paid at 24 days — netting out to the 226-day cycle.
In money terms: at FY26 sales of ₹3,203 Cr, each day of the cycle holds about ₹8.8 Cr — so the 226-day loop keeps roughly ₹1,983 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹101 Cr over the last 3 fiscal years against ₹78.0 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Tribhovandas Bhimji Zaveri Ltd earns a ROCE of 22% in FY26. That is up from a trough of 3% in FY16. Return on invested capital clears the cost of that capital by +4.0 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.3% net margin on 1.52× asset turns.
FY26 ROCE is 22%, recovered from a FY16 trough of 3% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 6.3% net margin × 1.52× asset turns × 2.51× balance-sheet leverage ≈ 24.0% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 16.0% − 12.0% = a +4.0 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Tribhovandas Bhimji Zaveri Ltd carries total debt of ₹886 Cr against shareholder equity of ₹838 Cr as of Mar 26, a debt-to-equity of 1.06. On the annual view that ratio went from 1.11 in FY22 to 1.06 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Why this happened. With showroom capital expenditure standardized at 2 to 3 Cr per unit and payback cycles of 2 to 3 years, expanding revenue across established stores diluted fixed occupancy and administrative costs, lifting operating profit margins from 7% in fiscal 2025 to 12% in fiscal 2026.
Mar 26: total debt of ₹886 Cr against shareholder equity of ₹838 Cr — a debt-to-equity of 1.06. On the annual view, debt-to-equity went from 1.11 (FY22) to 1.06 (FY26). Read the returns on this page with that leverage in mind.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Tribhovandas Bhimji Zaveri Ltd moved a full percentage point over the last two years — the register is quiet. Promoters moved +0.0 points over the same window, to 74.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +0.7 points over 8 quarters to 1.5%; Promoters: +0.0 points over 8 quarters to 74.1%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Tribhovandas Bhimji Zaveri Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Tribhovandas Bhimji Zaveri Ltd trades at 16.4× P/E, mid-range by its own standards (50th percentile). Its long-run median P/E is 16.4×, measured across 10.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 16.4× is mid-range by its own standards (50th percentile), against a long-run median of 16.4× measured over 10.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.
Why the multiple sits where it does: over the past year annual EPS moved +195.8% against a +181.7% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +47.3%/yr price move, ~+31.5%/yr came from earnings growth and ~+15.8 pp from the multiple (expanding); over 10y, of the +22.9%/yr price move, ~+27.9%/yr came from earnings growth and ~−5.0 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 27 August 2026 price, Tribhovandas Bhimji Zaveri Ltd was paying for profit growth of about 1.6% a year. Today the market pays 16.4× P/E, the 50th percentile of its own 11-year range.
What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is the whole of what a buyer is backing.
How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Tribhovandas Bhimji Zaveri Ltd reads as consistent on its fundamental arc. Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 22.0% and holding. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +22.3% | +10.2% | +19.0% | +6.8% |
| Profit | +197.1% | +71.6% | +36.3% | — |
| EPS | +195.8% | +71.4% | +36.2% | — |
| Share price | +181.7% | +65.2% | +47.3% | +22.9% |
4-Factor Sector Score
73.1/100 — rank 1 of 26 in Diamond, Gems & Jewellery · 87% evidence confidence
Tribhovandas Bhimji Zaveri Ltd scores 73.1 out of 100 against the 26 companies it is compared with in Diamond, Gems & Jewellery, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 25.6 + 14.8 + 12.7 + 20 = 73.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Tribhovandas Bhimji Zaveri Ltdthis pageTBZ | 73.1/100Favorable setup87% evidence | LEADER | 25.6/35 Revenue 29.1% · PAT 100% · OPM change 0 pp 95% evidence | 14.8/25 ROCE 21.9% · OPM 9% 95% evidence | 12.7/20 P/E 16.4× · PEG — 50% evidence | 20.0/20 RS sector 115.4% · RS bench 178.1% · 1Y 186.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.6 + 14.8 + 12.7 + 20 = 73.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Khazanchi Jewellers Ltd543953 | 70.1/100Favorable setup76% evidence | BREAKING OUT | 26.9/35 Revenue 24.4% · PAT 100% · OPM change 2 pp 95% evidence | 17.5/25 ROCE 34.8% · OPM 7% 76% evidence | 11.7/20 P/E 18.3× · PEG — 50% evidence | 14.0/20 RS sector 13.2% · RS bench 9.9% · 1Y 27.3%7 of 10 weeks ahead 70% evidence |
| Exact sum: 26.9 + 17.5 + 11.7 + 14 = 70.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Sky Gold & Diamonds LtdSKYGOLD | 68.5/100Favorable setup100% evidence | LEADER | 28.2/35 Revenue 81.4% · PAT 100% · OPM change 2 pp 100% evidence | 15.7/25 ROCE 27% · OPM 8% 100% evidence | 7.1/20 P/E 38.2× · PEG 1.71 100% evidence | 17.5/20 RS sector 45.6% · RS bench 88% · 1Y 196.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 28.2 + 15.7 + 7.1 + 17.5 = 68.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4D.P. Abhushan LtdDPABHUSHAN | 68.3/100Favorable setup100% evidence | BREAKING OUT | 25.3/35 Revenue 30.8% · PAT 94.3% · OPM change 1 pp 100% evidence | 18.2/25 ROCE 39.6% · OPM 11% 100% evidence | 15.0/20 P/E 12.8× · PEG 0.68 100% evidence | 9.8/20 RS sector -18.8% · RS bench 7.9% · 1Y -15%9 of 12 weeks ahead 100% evidence |
| Exact sum: 25.3 + 18.2 + 15 + 9.8 = 68.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Utssav CZ Gold Jewels LtdUTSSAV | 64.7/100Thin evidence · provisional56% evidence | LEADER | 19.7/35 Revenue — · PAT — · OPM change 0 pp 26% evidence | 18.1/25 ROCE 28.8% · OPM 7% 95% evidence | 9.5/20 P/E 21.7× · PEG — 15% evidence | 17.4/20 RS sector 43.3% · RS bench 84.4% · 1Y 183.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 19.7 + 18.1 + 9.5 + 17.4 = 64.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Thangamayil Jewellery LtdTHANGAMAYL | 60.4/100Mixed-positive evidence100% evidence | FADING | 26.9/35 Revenue 83.2% · PAT 100% · OPM change -1 pp 100% evidence | 14.0/25 ROCE 25.5% · OPM 5% 100% evidence | 10.1/20 P/E 40.6× · PEG 0.77 100% evidence | 9.4/20 RS sector -0.1% · RS bench 30.2% · 1Y 133.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 14 + 10.1 + 9.4 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7PC Jeweller LtdPCJEWELLER | 59.3/100Mixed-positive evidence100% evidence | BREAKING OUT | 20.1/35 Revenue 36.5% · PAT 32.7% · OPM change 10 pp 100% evidence | 6.8/25 ROCE 9.6% · OPM 28% 100% evidence | 15.8/20 P/E 17.2× · PEG 0.26 100% evidence | 16.6/20 RS sector 2.4% · RS bench 36.2% · 1Y 3.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 20.1 + 6.8 + 15.8 + 16.6 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8RBZ Jewellers LtdRBZJEWEL | 58.3/100Mixed-positive evidence87% evidence | BREAKING OUT | 17.5/35 Revenue 30.3% · PAT 54% · OPM change -2.3 pp 95% evidence | 16.7/25 ROCE 22% · OPM 14.8% 95% evidence | 13.7/20 P/E 12.3× · PEG — 50% evidence | 10.4/20 RS sector -4.8% · RS bench 26% · 1Y 26.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 16.7 + 13.7 + 10.4 = 58.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Senco Gold LtdSENCO | 56.8/100Mixed-positive evidence100% evidence | TURNING | 24.8/35 Revenue 43.1% · PAT 100% · OPM change -3 pp 100% evidence | 12.4/25 ROCE 21.2% · OPM 7% 100% evidence | 15.1/20 P/E 9.9× · PEG 1.35 100% evidence | 4.5/20 RS sector -20.6% · RS bench 5.3% · 1Y -10%5 of 12 weeks ahead 100% evidence |
| Exact sum: 24.8 + 12.4 + 15.1 + 4.5 = 56.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.6% and the one-year return is -10%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 10Uday Jewellery Industries Ltd539518 | 56.7/100Mixed-positive evidence78% evidence | 27.2/35 Revenue 100% · PAT 100% · OPM change 3 pp 83% evidence | 14.2/25 ROCE 22.4% · OPM 7% 76% evidence | 12.0/20 P/E 13.7× · PEG — 50% evidence | 3.3/20 RS sector -18.9% · RS bench -3.8% · 1Y -13.9%3 of 4 weeks ahead to 2026-07-19 100% evidence | |
| Exact sum: 27.2 + 14.2 + 12 + 3.3 = 56.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -18.9% and the one-year return is -13.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 11Titan Company LtdTITAN | 56.0/100Mixed-positive evidence100% evidence | BREAKING OUT | 26.9/35 Revenue 45% · PAT 55.1% · OPM change 3 pp 100% evidence | 13.2/25 ROCE 20.5% · OPM 14% 100% evidence | 8.3/20 P/E 76.2× · PEG 1.43 100% evidence | 7.6/20 RS sector -9.2% · RS bench 20.1% · 1Y 36.6%6 of 12 weeks ahead 100% evidence |
| Exact sum: 26.9 + 13.2 + 8.3 + 7.6 = 56 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Shanti Gold International LtdSHANTIGOLD | 55.0/100Mixed-positive evidence74% evidence | BREAKING OUT | 17.8/35 Revenue 100% · PAT 100% · OPM change -8 pp 95% evidence | 16.5/25 ROCE 37% · OPM 10% 95% evidence | 10.9/20 P/E 12.7× · PEG — 15% evidence | 9.8/20 RS sector -7.1% · RS bench 23% · 1Y 12.1%10 of 12 weeks ahead 70% evidence |
| Exact sum: 17.8 + 16.5 + 10.9 + 9.8 = 55 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Kalyan Jewellers India LtdKALYANKJIL | 54.9/100Mixed-positive evidence100% evidence | BREAKING OUT | 22.4/35 Revenue 45.8% · PAT 79.3% · OPM change -1 pp 100% evidence | 12.0/25 ROCE 21.2% · OPM 6% 100% evidence | 4.9/20 P/E 42.4× · PEG 2.19 100% evidence | 15.6/20 RS sector 0% · RS bench 31.7% · 1Y 19.8%9 of 12 weeks ahead 100% evidence |
| Exact sum: 22.4 + 12 + 4.9 + 15.6 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Vaibhav Global LtdVAIBHAVGBL | 52.0/100Mixed-positive evidence100% evidence | ASLEEP | 19.3/35 Revenue 10.4% · PAT 73.8% · OPM change 3 pp 100% evidence | 12.8/25 ROCE 16.4% · OPM 11% 100% evidence | 18.7/20 P/E 12.5× · PEG 0.33 100% evidence | 1.2/20 RS sector -29.8% · RS bench -6.7% · 1Y -1.8%6 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 12.8 + 18.7 + 1.2 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15Radhika Jeweltech LtdRADHIKAJWE | 51.5/100Mixed-positive evidence87% evidence | BREAKING OUT | 11.2/35 Revenue 16.9% · PAT 27% · OPM change -6 pp 95% evidence | 18.2/25 ROCE 25.1% · OPM 20% 95% evidence | 10.8/20 P/E 12.4× · PEG — 50% evidence | 11.3/20 RS sector -10.1% · RS bench 19.8% · 1Y -11.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 11.2 + 18.2 + 10.8 + 11.3 = 51.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Golkunda Diamonds & Jewellery Ltd523676 | 51.5/100Thin evidence · provisional57% evidence | 13.6/35 Revenue 1.3% · PAT -12.4% · OPM change -0.8 pp 53% evidence | 13.2/25 ROCE 19.9% · OPM 9.7% 57% evidence | 8.6/20 P/E 16× · PEG — 50% evidence | 16.1/20 RS sector 61.7% · RS bench 52.8% · 1Y 63.4%9 of 12 weeks ahead to 2026-03-29 70% evidence | |
| Exact sum: 13.6 + 13.2 + 8.6 + 16.1 = 51.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 17P N Gadgil Jewellers LtdPNGJL | 50.7/100Mixed-positive evidence93% evidence | BREAKING OUT | 26.0/35 Revenue 47.8% · PAT 76.6% · OPM change 2 pp 100% evidence | 12.2/25 ROCE 20.9% · OPM 8% 100% evidence | 7.9/20 P/E 20.1× · PEG 1.77 65% evidence | 4.6/20 RS sector -22.7% · RS bench 2.8% · 1Y 2.7%4 of 12 weeks ahead 100% evidence |
| Exact sum: 26 + 12.2 + 7.9 + 4.6 = 50.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -22.7% and the one-year return is 2.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 18Manoj Vaibhav Gems N Jewellers LtdMVGJL | 50.2/100Mixed-positive evidence87% evidence | TURNING | 13.5/35 Revenue 21.5% · PAT 22% · OPM change -1 pp 95% evidence | 11.2/25 ROCE 15.8% · OPM 6% 95% evidence | 15.0/20 P/E 8× · PEG — 50% evidence | 10.5/20 RS sector -12% · RS bench 17.3% · 1Y 0.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 13.5 + 11.2 + 15 + 10.5 = 50.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 19Bluestone Jewellery & Lifestyle LtdBLUESTONE | 48.8/100Thin evidence · provisional59% evidence | BREAKING OUT | 23.5/35 Revenue 40% · PAT 100% · OPM change 3.4 pp 74% evidence | 4.7/25 ROCE 6.8% · OPM 14.5% 100% evidence | 8.6/20 P/E 242× · PEG — 15% evidence | 12.0/20 RS sector — · RS bench 56.3% · 1Y 47.3%9 of 10 weeks ahead 25% evidence |
| Exact sum: 23.5 + 4.7 + 8.6 + 12 = 48.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 20Motisons Jewellers LtdMOTISONS | 48.3/100Mixed-negative evidence87% evidence | BREAKING OUT | 16.4/35 Revenue 10.7% · PAT 50% · OPM change 0 pp 95% evidence | 13.4/25 ROCE 17.9% · OPM 15% 95% evidence | 11.8/20 P/E 27.1× · PEG — 50% evidence | 6.7/20 RS sector -17.9% · RS bench 9.1% · 1Y -17.4%7 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 13.4 + 11.8 + 6.7 = 48.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 21Shringar House of Mangalsutra LtdSHRINGARMS | 46.5/100Mixed-negative evidence74% evidence | BREAKING OUT | 15.1/35 Revenue 65.1% · PAT 65.8% · OPM change -3 pp 95% evidence | 15.5/25 ROCE 26.8% · OPM 9% 95% evidence | 10.1/20 P/E 17.3× · PEG — 15% evidence | 5.8/20 RS sector -23% · RS bench 2.4% · 1Y 14.6%6 of 12 weeks ahead 70% evidence |
| Exact sum: 15.1 + 15.5 + 10.1 + 5.8 = 46.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22PNGS Gargi Fashion Jewellery Ltd543709 | 46.1/100Mixed-negative evidence76% evidence | BASING | 7.9/35 Revenue 18.3% · PAT 8.7% · OPM change -3.5 pp 95% evidence | 19.9/25 ROCE 33.8% · OPM 19.8% 76% evidence | 10.6/20 P/E 20.3× · PEG — 50% evidence | 7.7/20 RS sector -2.3% · RS bench -29% · 1Y -30.4%0 of 10 weeks ahead 70% evidence |
| Exact sum: 7.9 + 19.9 + 10.6 + 7.7 = 46.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23Rajesh Exports LtdRAJESHEXPO | 31.4/100Adverse evidence91% evidence | TURNING | 18.0/35 Revenue 79.5% · PAT 100% · OPM change 0 pp 74% evidence | 4.6/25 ROCE 1.9% · OPM 0% 100% evidence | 6.5/20 P/E 13.7× · PEG 1.74 100% evidence | 2.3/20 RS sector -56.8% · RS bench -41.5% · 1Y -56.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18 + 4.6 + 6.5 + 2.3 = 31.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 24Asian Star Company LtdASTAR | 20.1/100Adverse evidence87% evidence | BASING | 5.7/35 Revenue -3.8% · PAT -23.3% · OPM change -0.9 pp 95% evidence | 7.1/25 ROCE 3.6% · OPM 2.1% 95% evidence | 6.1/20 P/E 28.2× · PEG — 50% evidence | 1.2/20 RS sector -31.2% · RS bench -7.9% · 1Y -20.1%0 of 12 weeks ahead 100% evidence |
| Exact sum: 5.7 + 7.1 + 6.1 + 1.2 = 20.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25PNGS Reva Diamond Jewellery LimitedPNGSREVA | 59.2/100Thin evidence · provisional43% evidence | BREAKING OUT | 22.9/35 Revenue — · PAT — · OPM change 7 pp 45% evidence | 16.5/25 ROCE 22% · OPM 29% 95% evidence | 9.8/20 P/E 19.2× · PEG — 15% evidence | 10.0/20 RS sector — · RS bench — · 1Y —6 of 9 weeks ahead 0% evidence |
| Exact sum: 22.9 + 16.5 + 9.8 + 10 = 59.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26SJ Corporation Ltd504398 | 46.0/100Thin evidence · provisional33% evidence | 19.1/35 Revenue — · PAT — · OPM change 16.7 pp 17% evidence | 6.0/25 ROCE 0.1% · OPM 10.7% 76% evidence | 8.5/20 P/E 807× · PEG — 15% evidence | 12.4/20 RS sector — · RS bench 135.6% · 1Y —4 of 4 weeks ahead 25% evidence | |
| Exact sum: 19.1 + 6 + 8.5 + 12.4 = 46 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Tribhovandas Bhimji Zaveri Ltd's share price today?
Tribhovandas Bhimji Zaveri Ltd trades at ₹526, +181.7% over the past year. The company is valued at ₹3,512 Cr. The stock sits at the very top of its 52-week range (₹119–₹526), +136.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 10 weeks in. — as of 11 September 2026.
What were Tribhovandas Bhimji Zaveri Ltd's latest quarterly results?
Tribhovandas Bhimji Zaveri Ltd reported revenue of ₹841 Cr and net profit of ₹34.0 Cr for the Jun 26 quarter. Revenue rose 34.8% and profit rose 54.5% year on year. Earnings per share were ₹5.08. The operating margin was 9.0%, 0.0 pp higher than a year earlier. — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's revenue?
Tribhovandas Bhimji Zaveri Ltd reported revenue of ₹841 Cr in the Jun 26 quarter, +34.8% year on year. For the full FY26 fiscal year, revenue was ₹3,203 Cr (+22.3%). Over the last 10 years revenue compounded at 6.8% a year. — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's profit?
Tribhovandas Bhimji Zaveri Ltd earned ₹34.0 Cr of net profit in the Jun 26 quarter, +54.5% year on year — the 5th straight quarter of growth. Full-year FY26 profit was ₹202 Cr. The operating margin ran 9.0% in the latest quarter. — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's market cap?
Tribhovandas Bhimji Zaveri Ltd's market capitalisation is ₹3,512 Cr at a share price of ₹526. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's P/E ratio?
Tribhovandas Bhimji Zaveri Ltd trades at a P/E of 16.4×, at the 50th percentile of its own 11-year range, against a long-run median of 16.4×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Tribhovandas Bhimji Zaveri Ltd pay a dividend?
Yes — Tribhovandas Bhimji Zaveri Ltd's dividend payout was 8% of profit in FY26, and it recorded a payout in 11 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd overvalued?
On its own history, Tribhovandas Bhimji Zaveri Ltd looks mid-range: its P/E of 16.4× sits at the 50th percentile of its 11-year range (long-run median 16.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd growing?
Yes — Tribhovandas Bhimji Zaveri Ltd is growing: latest-quarter revenue +34.8% year on year, profit +54.5%, and the margin +0.0 pp at 9.0%. The earnings engine currently reads: improving — as of 11 September 2026.
How is Tribhovandas Bhimji Zaveri Ltd performing?
Tribhovandas Bhimji Zaveri Ltd is in a confirmed uptrend, 10 weeks in. Its latest quarter's revenue rose 34.8% and profit rose 54.5% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Tribhovandas Bhimji Zaveri Ltd in?
Consistent — revenue, profit and EPS growth have stayed positive through the window, with ROCE at 22.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +29.2% latest, profit growth +194.5% latest, eps growth +189.5% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 10 of stage 2), trading +136.1% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd beating the market?
On recent form, yes — Tribhovandas Bhimji Zaveri Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +916% against the NIFTY 500's +267% — ahead of the index over the full window. — as of 11 September 2026.
Will Tribhovandas Bhimji Zaveri Ltd's share price go up?
This page publishes no price forecast for Tribhovandas Bhimji Zaveri Ltd. What it measures instead: the share price is ₹526, the price is in a confirmed uptrend 10 weeks in. Its P/E of 16.4× sits at the 50th percentile of its own 11-year range. — as of 11 September 2026.
Who owns Tribhovandas Bhimji Zaveri Ltd?
Promoters hold 74.1% of Tribhovandas Bhimji Zaveri Ltd, foreign institutions 1.5%, domestic institutions 0.0% and the public 24.4% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does Tribhovandas Bhimji Zaveri Ltd have too much debt?
It carries real leverage — Tribhovandas Bhimji Zaveri Ltd's debt-to-equity is 1.06, and operating profit covers the interest bill 5×. FY26 borrowings were ₹886 Cr against equity of ₹838 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's capex?
Tribhovandas Bhimji Zaveri Ltd spent ₹101 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹47.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Tribhovandas Bhimji Zaveri Ltd's cash flow?
Tribhovandas Bhimji Zaveri Ltd generated ₹30.0 Cr of operating cash flow in FY26 and ₹−17.0 Cr of free cash flow after ₹47.0 Cr of capital spending. Reported profit that year was ₹202 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 13% of Tribhovandas Bhimji Zaveri Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹30.0 Cr against reported profit of ₹202 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Tribhovandas Bhimji Zaveri Ltd in its business cycle?
Tribhovandas Bhimji Zaveri Ltd's FY26 operating margin was 12.0%, against a 13-year band of 2.6%–12.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 9.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Tribhovandas Bhimji Zaveri Ltd's price assume?
At its price on 27 August 2026, Tribhovandas Bhimji Zaveri Ltd was priced for profit growth of about 1.6% a year. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Tribhovandas Bhimji Zaveri Ltd story?
The sharpest disagreement: profits are rising, but only 13% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Tribhovandas Bhimji Zaveri Ltd a stock worth studying right now?
This is not investment advice. The machine read: Tribhovandas Bhimji Zaveri Ltd's earnings have outrun its stock. EPS grew +195.8% in a year against a +181.7% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!