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Employees: 1,136
Size Tribhovandas Bhimji Zaveri (TBZ.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $419M, the 921st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹592.70 on 6 Nov 2026.
Performance Over six months the shares gained 300.3%, against -11.4% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 24.1% over the last twelve months (peer median +14.1%); the operating margin is 9.6% (peer median 12.1%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 1.8× (9th cheapest of 20).
Capital Return on invested capital runs 2.4 points above its cost of capital (11.6% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹34.4B | ₹32.0B | ₹26.2B | ₹23.0B | ₹23.9B |
| Revenue growth | — | +22% | +14% | -4% | — |
| Gross profit | ₹4.46B | ₹4.31B | ₹2.34B | ₹1.90B | ₹1.68B |
| EBITDA | ₹3.62B | ₹3.71B | ₹1.82B | ₹1.47B | ₹1.26B |
| Net income | ₹1.96B | ₹2.02B | ₹684M | ₹544M | ₹402M |
| Free cash flow | n/a | -₹473M | -₹812M | -₹87.0M | ₹507M |
| Capital expenditure | n/a | ₹141M | ₹120M | ₹94.6M | ₹77.3M |
| Total debt | ₹9.84B | ₹8.86B | ₹7.92B | ₹6.14B | ₹5.75B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TBZ.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -1.4% | 10th highest of 21 |
| 6-month return | +300.3% | -11.4% | highest of 20 |
| Distance from 52-week high | -24.9% | -24.4% | 11th highest of 21 |
| Revenue growth (TTM) | +24.1% | +14.1% | 8th highest of 21 |
| Operating margin | 9.6% | 12.1% | 10th lowest of 21 |
| EV / Sales | 1.4× | 1.8× | 9th cheapest of 20 |
| ROIC minus cost of capital | +2.4 pp | +2.0 pp | 10th highest of 20 |
| EV / EBITDA | 13.4× | 15.2× | 6th cheapest of 14 |
| Net debt / EBITDA | 2.5× | -0.3× | 2nd most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tribhovandas Bhimji Zaveri TBZ.NS | India | $419M | +300% | +24% | 10% | 1.4× | n/a | n/a |
| FOPE FPE.MI | Italy | $434M | +69% | +24% | 20% | 3.5× | 0.1% | +29.2% |
| Bijou Brigitte modische Accessoires BIJ.DE | Germany | $401M | -11% | 0% | 14% | 1.3× | -9.9% | +10.5% |
| Shenzhen Hipine Precision Technology 2583.HK | Hong Kong | $391M | -40% | +31% | 26% | 4.4× | n/a | n/a |
| Fossil FOSL | United States | $462M | +76% | -9% | 2% | 0.7× | n/a | n/a |
| V.i.p.industries VIPIND.NS | India | $360M | -26% | -11% | -22% | 1.8× | 23.3% | +24.6% |
| Movado MOV | United States | $495M | +11% | +5% | 7% | 0.5× | -7.2% | +5.5% |
| Zhejiang Ming Jewelry 002574.SZ | China | $353M | -22% | +2% | -12% | 1.1× | n/a | n/a |
| Goldiam International GOLDIAM.NS | India | $505M | +1% | +27% | 20% | 4.4× | 35.6% | +19.2% |
| KDDL KDDL.NS | India | $518M | +64% | +32% | 9% | 2.1× | 33.2% | +31.5% |
| Senco Gold SENCO.NS | India | $556M | -7% | +42% | 9% | 0.5× | n/a | n/a |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 0.9× | n/a | n/a |
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 2.9× | 31.3% | +44.2% |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 8.3× | 25.7% | +41.7% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | 12.3× | 10.0% | +23.2% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | 6.6× | 26.5% | -25.9% |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 0.8× | -11.5% | +23.9% |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 1.7× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 3.4× | n/a | n/a |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 0.6× | n/a | n/a |