BSE:534369

Stock Analysis Report

Tribhovandas Bhimji Zaveri

Executive Summary

Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India.


Snowflake Analysis

Undervalued with proven track record.


Similar Companies

Share Price & News

How has Tribhovandas Bhimji Zaveri's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 534369's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.1%

534369

-1.1%

IN Specialty Retail

9.3%

IN Market


1 Year Return

-61.2%

534369

-77.8%

IN Specialty Retail

-24.1%

IN Market

Return vs Industry: 534369 exceeded the Indian Specialty Retail industry which returned -77.5% over the past year.

Return vs Market: 534369 underperformed the Indian Market which returned -27.6% over the past year.


Shareholder returns

534369IndustryMarket
7 Day9.1%-1.1%9.3%
30 Day-11.0%-55.9%-12.6%
90 Day-38.0%-63.8%-24.1%
1 Year-58.5%-61.2%-77.1%-77.8%-22.6%-24.1%
3 Year-68.1%-70.5%-78.1%-78.4%-10.9%-15.8%
5 Year-82.9%-84.3%-68.7%-69.6%0.3%-4.9%

Price Volatility Vs. Market

How volatile is Tribhovandas Bhimji Zaveri's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Tribhovandas Bhimji Zaveri undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 534369 (₹22.85) is trading below our estimate of fair value (₹157.85)

Significantly Below Fair Value: 534369 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 534369 is good value based on its PE Ratio (7.7x) compared to the Specialty Retail industry average (13.2x).

PE vs Market: 534369 is good value based on its PE Ratio (7.7x) compared to the Indian market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 534369's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 534369 is good value based on its PB Ratio (0.3x) compared to the IN Specialty Retail industry average (0.8x).


Next Steps

Future Growth

How is Tribhovandas Bhimji Zaveri forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tribhovandas Bhimji Zaveri has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Tribhovandas Bhimji Zaveri performed over the past 5 years?

17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 534369 has high quality earnings.

Growing Profit Margin: 534369's current net profit margins (1.1%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: 534369's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: 534369's earnings growth over the past year (17.1%) is below its 5-year average (17.4% per year).

Earnings vs Industry: 534369 earnings growth over the past year (17.1%) exceeded the Specialty Retail industry 0.8%.


Return on Equity

High ROE: 534369's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Tribhovandas Bhimji Zaveri's financial position?


Financial Position Analysis

Short Term Liabilities: 534369's short term assets (₹12.6B) exceed its short term liabilities (₹9.2B).

Long Term Liabilities: 534369's short term assets (₹12.6B) exceed its long term liabilities (₹673.4M).


Debt to Equity History and Analysis

Debt Level: 534369's debt to equity ratio (117.8%) is considered high.

Reducing Debt: 534369's debt to equity ratio has reduced from 126.9% to 117.8% over the past 5 years.

Debt Coverage: 534369's debt is well covered by operating cash flow (29.1%).

Interest Coverage: 534369's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Tribhovandas Bhimji Zaveri's current dividend yield, its reliability and sustainability?

3.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 534369's dividend (3.28%) is higher than the bottom 25% of dividend payers in the Indian market (0.91%).

High Dividend: 534369's dividend (3.28%) is low compared to the top 25% of dividend payers in the Indian market (3.92%).


Stability and Growth of Payments

Stable Dividend: 534369 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 534369 has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.2%), 534369's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Shrikant Zaveri (60yo)

no data

Tenure

₹24,000,000

Compensation

Mr. Shrikant Gopaldas Zaveri serves as the Executive Chairman and Managing Director of Tribhovandas Bhimji Zaveri Ltd. Mr. Zaveri has more than 30 years of experience in the gems and jewellery industry. He ...


CEO Compensation Analysis

Compensation vs Market: Shrikant's total compensation ($USD317.35K) is above average for companies of similar size in the Indian market ($USD47.85K).

Compensation vs Earnings: Shrikant's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shrikant Zaveri
Executive Chairman & MDno data₹24.00m55.3% 843.2m
Saurav Banerjee
Chief Financial Officer6.17yrs₹9.66mno data
Niraj Oza
Head of Legalno data₹3.28mno data
Monica Bhandari
Chief Human Resource Officer3.67yrsno datano data
Raashi Zaveri
Whole-Time Director11.75yrs₹24.00m6.85% 104.5m
Binaisha Zaveri
Whole-Time Director12.75yrs₹24.00m7.92% 120.8m
Abhishek Maloo
Head of Advertising & Marketing3yrsno datano data
Rajeev Sagar
Head of Gold Operationsno data₹3.50m0.040% 609.9k
Divyesh Kumar Shah
Group Head of Retailno datano datano data
Mayur Choksi
Head of Diamond Operationno datano data0.040% 609.9k

3.7yrs

Average Tenure

45yo

Average Age

Experienced Management: 534369's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shrikant Zaveri
Executive Chairman & MDno data₹24.00m55.3% 843.2m
Raashi Zaveri
Whole-Time Director11.75yrs₹24.00m6.85% 104.5m
Binaisha Zaveri
Whole-Time Director12.75yrs₹24.00m7.92% 120.8m
Kamlesh Vikamsey
Independent Director9.67yrs₹910.00kno data
Sanjay Asher
Independent Director9.33yrs₹870.00k0.0094% 143.9k
Ajay Mehta
Independent Director9.33yrs₹1.03mno data

9.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 534369's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tribhovandas Bhimji Zaveri Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tribhovandas Bhimji Zaveri Limited
  • Ticker: 534369
  • Exchange: BSE
  • Founded: 1864
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: ₹1.525b
  • Shares outstanding: 66.73m
  • Website: https://www.tbztheoriginal.com

Location

  • Tribhovandas Bhimji Zaveri Limited
  • Tulsiani Chambers
  • 11th Floor, 1106 to 1121, West Wing
  • Mumbai
  • Maharashtra
  • 400021
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
534369BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2012
TBZNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2012

Biography

Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India. The company offers gold, diamond studded, precious and semi-precious stone studded, and plain and diamond studded platinum jewelry; jewelry with colored stones in gold and diamond; loose diamond solitaires; loose precious and semi-precious stones; and jadau and silver jewelry. As of March 31, 2019, it operated 38 owned stores and 4 franchise stores in 30 cities. The company was founded in 1864 and is based in Mumbai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 13:24
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.