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Tribhovandas Bhimji Zaveri

NSEI:TBZ
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TBZ
NSEI
₹3B
Market Cap
  1. Home
  2. IN
  3. Retail
Company description

Tribhovandas Bhimji Zaveri Limited engages in manufacturing/trading and selling jewelry primarily in India. The last earnings update was 70 days ago. More info.


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  • Tribhovandas Bhimji Zaveri has significant price volatility in the past 3 months.
TBZ Share Price and Events
7 Day Returns
-9.7%
NSEI:TBZ
-5%
IN Specialty Retail
-2.3%
IN Market
1 Year Returns
-50.2%
NSEI:TBZ
-32.3%
IN Specialty Retail
-5.3%
IN Market
TBZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tribhovandas Bhimji Zaveri (TBZ) -9.7% -15.6% -40% -50.2% -45% -76.1%
IN Specialty Retail -5% -8.6% -30.6% -32.3% -11.1% 85.7%
IN Market -2.3% -3.9% -5% -5.3% 17.9% 31.9%
1 Year Return vs Industry and Market
  • TBZ underperformed the Specialty Retail industry which returned -32.3% over the past year.
  • TBZ underperformed the Market in India which returned -5.3% over the past year.
Price Volatility
TBZ
Industry
5yr Volatility vs Market

Value

 Is Tribhovandas Bhimji Zaveri undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Tribhovandas Bhimji Zaveri to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Tribhovandas Bhimji Zaveri.

NSEI:TBZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 22.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:TBZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.829 (1 + (1- 35%) (240.02%))
1.752
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.75
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.752 * 8.6%)
22.62%

Discounted Cash Flow Calculation for NSEI:TBZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tribhovandas Bhimji Zaveri is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:TBZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 22.62%)
2020 344.03 Est @ 8.64% 280.57
2021 372.63 Est @ 8.31% 247.85
2022 402.76 Est @ 8.09% 218.47
2023 434.68 Est @ 7.92% 192.30
2024 468.63 Est @ 7.81% 169.08
2025 504.87 Est @ 7.73% 148.56
2026 543.64 Est @ 7.68% 130.46
2027 585.18 Est @ 7.64% 114.52
2028 629.72 Est @ 7.61% 100.51
2029 677.55 Est @ 7.59% 88.20
Present value of next 10 years cash flows ₹1,690.51
NSEI:TBZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹677.55 × (1 + 7.55%) ÷ (22.62% – 7.55%)
₹4,836.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹4,836.56 ÷ (1 + 22.62%)10
₹629.57
NSEI:TBZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,690.51 + ₹629.57
₹2,320.08
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹2,320.08 / 66.73
₹34.77
NSEI:TBZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TBZ represents 1.00522x of BSE:534369
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00522x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 34.77 x 1.00522
₹34.95
Value per share (INR) From above. ₹34.95
Current discount Discount to share price of ₹38.55
= -1 x (₹38.55 - ₹34.95) / ₹34.95
-10.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Tribhovandas Bhimji Zaveri is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Tribhovandas Bhimji Zaveri's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tribhovandas Bhimji Zaveri's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TBZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹2.33
BSE:534369 Share Price ** BSE (2019-07-23) in INR ₹38.35
India Specialty Retail Industry PE Ratio Median Figure of 22 Publicly-Listed Specialty Retail Companies 21.98x
India Market PE Ratio Median Figure of 2,833 Publicly-Listed Companies 14.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tribhovandas Bhimji Zaveri.

NSEI:TBZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534369 Share Price ÷ EPS (both in INR)

= 38.35 ÷ 2.33

16.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribhovandas Bhimji Zaveri is good value based on earnings compared to the IN Specialty Retail industry average.
  • Tribhovandas Bhimji Zaveri is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Tribhovandas Bhimji Zaveri's expected growth come at a high price?
Raw Data
NSEI:TBZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Asia Specialty Retail Industry PEG Ratio Median Figure of 16 Publicly-Listed Specialty Retail Companies 0.82x
India Market PEG Ratio Median Figure of 538 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Tribhovandas Bhimji Zaveri, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tribhovandas Bhimji Zaveri's assets?
Raw Data
NSEI:TBZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹72.34
BSE:534369 Share Price * BSE (2019-07-23) in INR ₹38.35
India Specialty Retail Industry PB Ratio Median Figure of 28 Publicly-Listed Specialty Retail Companies 1.6x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.91x
NSEI:TBZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534369 Share Price ÷ Book Value per Share (both in INR)

= 38.35 ÷ 72.34

0.53x

* Primary Listing of Tribhovandas Bhimji Zaveri.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribhovandas Bhimji Zaveri is good value based on assets compared to the IN Specialty Retail industry average.
X
Value checks
We assess Tribhovandas Bhimji Zaveri's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Tribhovandas Bhimji Zaveri has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Tribhovandas Bhimji Zaveri expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.6%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tribhovandas Bhimji Zaveri expected to grow at an attractive rate?
  • Unable to compare Tribhovandas Bhimji Zaveri's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tribhovandas Bhimji Zaveri's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Tribhovandas Bhimji Zaveri's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:TBZ Future Growth Rates Data Sources
Data Point Source Value (per year)
India Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 33.6%
Asia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 9.1%
India Market Earnings Growth Rate Market Cap Weighted Average 16.7%
India Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:TBZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TBZ Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 19,253 240 1
NSEI:TBZ Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 17,638 156
2018-03-31 17,514 406 213
2017-03-31 16,900 1,530 129

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tribhovandas Bhimji Zaveri is high growth as no earnings estimate data is available.
  • Unable to determine if Tribhovandas Bhimji Zaveri is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TBZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Tribhovandas Bhimji Zaveri Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TBZ Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 3.60 3.60 3.60 1.00
NSEI:TBZ Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 2.33
2018-03-31 3.19
2017-03-31 1.94

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Tribhovandas Bhimji Zaveri will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Tribhovandas Bhimji Zaveri's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Tribhovandas Bhimji Zaveri has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Tribhovandas Bhimji Zaveri's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tribhovandas Bhimji Zaveri's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Tribhovandas Bhimji Zaveri's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tribhovandas Bhimji Zaveri's 1-year earnings growth is negative, it can't be compared to the IN Specialty Retail industry average.
Earnings and Revenue History
Tribhovandas Bhimji Zaveri's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Tribhovandas Bhimji Zaveri Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TBZ Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17,638.27 155.84 781.28
2018-03-31 17,514.08 212.61 1,432.24
2017-03-31 16,900.03 129.29 1,329.47
2016-03-31 16,547.77 -275.45 1,480.44
2015-03-31 19,341.96 243.20 1,501.73
2014-03-31 18,243.41 549.97 1,512.33
2013-03-31 16,583.38 844.51 1,436.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Tribhovandas Bhimji Zaveri has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tribhovandas Bhimji Zaveri used its assets less efficiently than the IN Specialty Retail industry average last year based on Return on Assets.
  • Tribhovandas Bhimji Zaveri has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tribhovandas Bhimji Zaveri's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tribhovandas Bhimji Zaveri has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Tribhovandas Bhimji Zaveri's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Tribhovandas Bhimji Zaveri's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tribhovandas Bhimji Zaveri is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tribhovandas Bhimji Zaveri's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tribhovandas Bhimji Zaveri's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Tribhovandas Bhimji Zaveri Company Filings, last reported 3 months ago.

NSEI:TBZ Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,838.04 6,054.41 398.41
2018-03-31 4,766.67 5,686.99 375.42
2017-03-31 4,558.27 5,489.66 315.74
2016-03-31 4,360.62 6,505.46 393.38
2015-03-31 4,635.96 5,882.53 340.07
2014-03-31 4,474.34 5,682.59 738.57
2013-03-31 4,098.90 4,194.77 324.03
  • Tribhovandas Bhimji Zaveri's level of debt (125.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (127% vs 125.1% today).
  • Debt is not well covered by operating cash flow (6.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Tribhovandas Bhimji Zaveri's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Tribhovandas Bhimji Zaveri has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.96%
Current annual income from Tribhovandas Bhimji Zaveri dividends.
If you bought ₹2,000 of Tribhovandas Bhimji Zaveri shares you are expected to receive ₹39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Tribhovandas Bhimji Zaveri's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).
  • Tribhovandas Bhimji Zaveri's dividend is below the markets top 25% of dividend payers in India (2.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:TBZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.5%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:TBZ Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
NSEI:TBZ Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-14 0.750 1.617
2018-07-05 0.750 1.180
2016-09-22 0.000 0.000
2016-05-02 0.000 0.000
2015-09-09 1.000 1.280
2014-09-25 1.500 0.996
2013-07-25 2.250 1.541
2013-05-29 2.250 1.102
2012-09-24 0.750 0.351

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Tribhovandas Bhimji Zaveri has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Tribhovandas Bhimji Zaveri has only been paying a dividend for 7 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Tribhovandas Bhimji Zaveri's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tribhovandas Bhimji Zaveri's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tribhovandas Bhimji Zaveri afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tribhovandas Bhimji Zaveri has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Tribhovandas Bhimji Zaveri's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shrikant Zaveri
COMPENSATION ₹24,000,000
AGE 60
CEO Bio

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 took over as the managing partner of the business in 2001. He was the founding member and Chairman of the Gems and Jewellery Trade Federation. He has been awarded the Retail Jeweller Award for lifetime achievement in the year 2007. Mr. Zaveri has completed his education upto matriculation.

CEO Compensation
  • Shrikant's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Shrikant's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Tribhovandas Bhimji Zaveri management team in years:

4.2
Average Tenure
45
Average Age
  • The tenure for the Tribhovandas Bhimji Zaveri management team is about average.
Management Team

Shrikant Zaveri

TITLE
Executive Chairman & MD
COMPENSATION
₹24M
AGE
60

Saurav Banerjee

TITLE
Chief Financial Officer
COMPENSATION
₹9M
AGE
53
TENURE
5.4 yrs

Niraj Oza

TITLE
Head of Legal
COMPENSATION
₹3M
AGE
48
TENURE
8.7 yrs

Raashi Zaveri

TITLE
Whole-Time Director
COMPENSATION
₹24M
AGE
33

Binaisha Zaveri

TITLE
Whole-Time Director
COMPENSATION
₹24M
AGE
37

Abhisek Maloo

TITLE
Head of Advertising & Marketing
AGE
43
TENURE
2.3 yrs

Monica Bhandari

TITLE
Chief Human Resource Officer
AGE
45
TENURE
2.9 yrs

Rajeev Sagar

TITLE
Head of Gold Operations
COMPENSATION
₹4M
AGE
41

Divyesh Kumar Shah

TITLE
Group Head of Retail
AGE
45

Mayur Choksi

TITLE
Head of Diamond Operation
AGE
50
Board of Directors Tenure

Average tenure and age of the Tribhovandas Bhimji Zaveri board of directors in years:

8.9
Average Tenure
57.5
Average Age
  • The tenure for the Tribhovandas Bhimji Zaveri board of directors is about average.
Board of Directors

Shrikant Zaveri

TITLE
Executive Chairman & MD
COMPENSATION
₹24M
AGE
60

Raashi Zaveri

TITLE
Whole-Time Director
COMPENSATION
₹24M
AGE
33
TENURE
11 yrs

Binaisha Zaveri

TITLE
Whole-Time Director
COMPENSATION
₹24M
AGE
37
TENURE
12 yrs

Ajay Mehta

TITLE
Independent Director
COMPENSATION
₹1M
AGE
60
TENURE
8.6 yrs

Kamlesh Vikamsey

TITLE
Independent Director
COMPENSATION
₹930K
AGE
59
TENURE
8.9 yrs

Sanjay Asher

TITLE
Independent Director
COMPENSATION
₹870K
AGE
56
TENURE
8.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Tribhovandas Bhimji Zaveri's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Tribhovandas Bhimji Zaveri has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why Tribhovandas Bhimji Zaveri (NSE:TBZ) Has A Meaningful Debt Burden

View our latest analysis for Tribhovandas Bhimji Zaveri What Is Tribhovandas Bhimji Zaveri's Debt? … Because it carries more debt than cash, we think it's worth watching Tribhovandas Bhimji Zaveri's balance sheet over time. … Happily for any shareholders, Tribhovandas Bhimji Zaveri actually produced more free cash flow than EBIT over the last three years.

Simply Wall St -

What You Must Know About Tribhovandas Bhimji Zaveri Limited's (NSE:TBZ) Beta Value

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Is Tribhovandas Bhimji Zaveri Limited (NSE:TBZ) Better Than Average At Deploying Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

When Should You Buy Tribhovandas Bhimji Zaveri Limited (NSE:TBZ)?

Tribhovandas Bhimji Zaveri Limited (NSE:TBZ), which is in the specialty retail business, and is based in India,. … A question to answer is whether Tribhovandas Bhimji Zaveri's current trading price of ₹57.05 reflective of the actual value of the? … Let’s take a look at Tribhovandas Bhimji Zaveri’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Does Tribhovandas Bhimji Zaveri Limited's (NSE:TBZ) Balance Sheet Tell Us About It?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Should We Be Cautious About Tribhovandas Bhimji Zaveri Limited's (NSE:TBZ) ROE Of 4.5%?

Over the last twelve months Tribhovandas Bhimji Zaveri has recorded a ROE of 4.5%. … One way to conceptualize this, is that for each ₹1 of shareholders' equity it has, the company made ₹0.045 in profit. … Check out our latest analysis for Tribhovandas Bhimji Zaveri?

Simply Wall St -

What You Must Know About Tribhovandas Bhimji Zaveri Limited's (NSE:TBZ) Financial Strength

While small-cap stocks, such as Tribhovandas Bhimji Zaveri Limited (NSE:TBZ) with its market cap of ₹4.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Specialty Retail businesses operating in the environment facing headwinds from current disruption,.

Simply Wall St -

Tribhovandas Bhimji Zaveri Limited (NSE:TBZ)'s Return on Capital

and want to begin learning the link between Tribhovandas Bhimji Zaveri Limited (NSE:TBZ)’s return fundamentals and stock market performance. … Tribhovandas Bhimji Zaveri stock represents an ownership share in the company. … Therefore, looking at how efficiently Tribhovandas Bhimji Zaveri is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Does Tribhovandas Bhimji Zaveri Limited's (NSE:TBZ) PE Ratio Signal A Buying Opportunity?

Tribhovandas Bhimji Zaveri Limited (NSE:TBZ) trades with a trailing P/E of 22.2x, which is lower than the industry average of 24.5x. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … View our latest analysis for Tribhovandas Bhimji Zaveri

Simply Wall St -

Tribhovandas Bhimji Zaveri Limited (NSE:TBZ): Risks You Need To Consider Before Buying

If you are a shareholder in Tribhovandas Bhimji Zaveri Limited’s (NSE:TBZ), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Broadly speaking, there are two types of risk you should consider when investing in stocks such as TBZ. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

Company Info

Description

Tribhovandas Bhimji Zaveri Limited engages in manufacturing/trading and selling 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 27, 2019, it operated 42 stores in 30 cities. The company was founded in 1864 and is based in Mumbai, India.

Details
Name: Tribhovandas Bhimji Zaveri Limited
TBZ
Exchange: NSEI
Founded: 1864
₹2,522,417,436
66,730,620
Website: http://www.tbztheoriginal.com
Address: Tribhovandas Bhimji Zaveri Limited
Tulsiani Chambers,
11th Floor, 1106 to 1121, West Wing,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534369 Equity Shares Mumbai Stock Exchange IN INR 09. May 2012
NSEI TBZ Equity Shares National Stock Exchange of India IN INR 09. May 2012
Number of employees
Current staff
Staff numbers
0
Tribhovandas Bhimji Zaveri employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 13:04
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.