Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹787 Cr.
Stock P/E
14.4
P/B
2.5
Current Price
₹196.9
Book Value
₹ 77.2
Face Value
10
52W High
₹208.3
52W Low
₹ 100
Dividend Yield
—

RBZ Jewellers Overview

Business

RBZ Jewellers Ltd. is an Indian jewellery company primarily engaged in the design, manufacture, and sale of gold and diamond jewellery. The company operates through its retail showrooms, offering a range of traditional and contemporary designs. Its core business model revolves around sourcing precious metals and stones, crafting them into various jewellery pieces, and selling them directly to consumers. The company makes money through the retail sales of these finished jewellery products.

Revenue Mix

The primary revenue segments for RBZ Jewellers Ltd. are:

Gold Jewellery: This typically forms the dominant portion for Indian jewellers, encompassing a wide array of necklaces, bangles, earrings, rings, and other ornaments.

Diamond Jewellery: This segment includes jewellery embedded with diamonds, catering to customers seeking higher-value, design-centric pieces.

While specific revenue contributions are not provided, the company operates within these two main product categories. It also engages in the manufacturing process for its retail offerings.

Industry

The Indian diamond and jewellery industry is characterized by its large size, cultural significance, and a mix of organized and highly fragmented unorganized players. The industry is seeing a gradual shift towards organized retail due to increased consumer trust in branded players for purity, design, and transparency. RBZ Jewellers Ltd. positions itself as a regional player within this competitive landscape, likely focusing on specific geographies (e.g., Gujarat, given its origins) where it aims to build strong customer loyalty and brand recall. It competes with large national chains (like Tanishq, Malabar Gold & Diamonds) and numerous other regional and local jewellers.

MOAT

RBZ Jewellers' competitive advantages are likely derived from:

Brand Reputation & Trust: In the Indian jewellery market, trust in purity and quality is paramount. A long-standing brand name can instill confidence among consumers.

Design Expertise: The ability to offer a diverse range of traditional and contemporary designs that resonate with local preferences can attract and retain customers.

Customer Relationships & Loyalty: Building strong relationships with customers over generations, especially in regional markets, can foster repeat business.

Regional Presence: A focused regional presence allows for deeper market penetration and understanding of local tastes and cultural requirements, which larger national players might sometimes overlook.

Growth Drivers

Growing Indian Jewellery Market: Rising disposable incomes, urbanization, and the cultural significance of jewellery (weddings, festivals, investments) are fundamental drivers.

Shift to Organized Retail: Consumers are increasingly preferring branded, organized jewellers for better transparency, certified products, and a modern shopping experience.

Expansion Strategy: Opening new showrooms, either organically or through franchise models, can significantly expand market reach.

Design Innovation: Adapting to evolving consumer tastes by offering modern and lightweight designs alongside traditional heavy jewellery.

E-commerce/Omni-channel: Leveraging online platforms to reach a wider customer base and provide a seamless shopping experience.

Risks

Commodity Price Volatility: Fluctuations in gold and diamond prices directly impact raw material costs, inventory valuation, and profit margins.

Economic Downturns: Jewellery is largely a discretionary purchase, making demand highly sensitive to economic cycles and consumer sentiment.

Regulatory Changes: Changes in import duties on gold/diamonds, GST rates, hallmarking norms, or other compliance requirements can affect business operations and costs.

Intense Competition: The market is highly fragmented with strong competition from both national and regional players, impacting pricing power and market share.

Changing Consumer Preferences: A shift towards lighter jewellery, alternative materials, or online-only purchases could impact traditional retail models.

Inventory Management: Holding significant inventory of high-value items carries risks related to price depreciation and carrying costs.

Management & Ownership

RBZ Jewellers Ltd. is likely a promoter-driven company, a common structure in the Indian jewellery sector, particularly for those with a regional focus and a history spanning multiple generations. The promoters would play a significant role in setting strategic direction, maintaining brand heritage, and overseeing key business operations. As a publicly listed entity, it would have a mix of promoter holding, institutional investors, and public shareholders, adhering to standard corporate governance norms for listed companies.

Outlook

RBZ Jewellers operates in a market with inherent growth potential driven by India's demographic and economic trends, particularly the ongoing formalization of the jewellery sector. The company's focus on design, trust, and its regional market presence could be advantages. However, it faces significant risks from volatile commodity prices, intense competition from both large national players and numerous local jewellers, and potential shifts in consumer preferences. Its ability to successfully expand its retail footprint, adapt to evolving design trends, and effectively manage inventory and capital will be crucial for sustained growth and profitability in a challenging yet lucrative market.

RBZ Jewellers Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

RBZ Jewellers Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 86 82 117 194 137 76 145 226 189 121
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 86 83 117 194 137 76 145 226 190 121
Total Expenditure 82 68 103 172 123 63 117 197 168 103
Operating Profit 5 14 14 22 15 13 28 30 21 18
Interest 0 2 2 3 2 3 3 5 4 4
Depreciation 0 0 1 1 1 1 1 1 1 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 12 11 18 11 10 25 23 16 12
Provision for Tax 2 3 3 5 3 2 6 6 4 3
Profit After Tax 3 9 8 13 9 7 19 17 12 9
Adjustments -0 -0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 3 9 8 13 9 7 19 17 12 9
Adjusted Earnings Per Share 0.7 2.3 2 3.3 2.1 1.8 4.6 4.4 2.9 2.3

RBZ Jewellers Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 107 252 288 327 530 636 681
Other Income 1 0 2 0 1 0 0
Total Income 108 253 290 328 531 637 682
Total Expenditure 87 225 250 289 465 544 585
Operating Profit 21 27 39 39 65 93 97
Interest 6 6 8 8 10 15 16
Depreciation 2 1 1 1 3 4 5
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 13 20 30 30 53 74 76
Provision for Tax 4 5 7 8 14 19 19
Profit After Tax 10 14 22 22 39 55 57
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 10 14 22 22 39 55 57
Adjusted Earnings Per Share 3.2 4.8 1 5.4 9.7 13.7 14.2

RBZ Jewellers Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 56 70 92 207 245 300
Minority's Interest 0 0 0 0 0 0
Borrowings 8 9 23 20 1 23
Other Non-Current Liabilities 6 5 2 1 6 31
Total Current Liabilities 58 78 96 55 100 133
Total Liabilities 127 162 213 284 352 486
Fixed Assets 17 16 25 27 33 62
Other Non-Current Assets 0 1 1 2 3 27
Total Current Assets 110 145 187 255 316 397
Total Assets 127 162 213 284 352 486

RBZ Jewellers Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 1 0 6 13 1
Cash Flow from Operating Activities -3 1 -11 -49 -15 -7
Cash Flow from Investing Activities 1 -1 -11 -4 -5 -33
Cash Flow from Financing Activities 2 -1 28 59 8 41
Net Cash Inflow / Outflow 0 -1 6 7 -12 0
Closing Cash & Cash Equivalent 1 0 6 13 1 1

RBZ Jewellers Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 3.25 4.8 0.99 5.39 9.7 13.7
CEPS(Rs) 3.76 5.27 1.05 5.73 10.41 14.78
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 18.52 23.34 4.11 51.87 61.26 74.96
Core EBITDA Margin(%) 19.11 10.6 13.11 11.75 12.2 14.52
EBIT Margin(%) 18.36 10.23 13.23 11.45 11.78 13.92
Pre Tax Margin(%) 12.5 7.78 10.34 9.05 9.91 11.62
PAT Margin (%) 9.11 5.71 7.76 6.59 7.32 8.61
Cash Profit Margin (%) 10.53 6.27 8.23 7 7.86 9.29
ROA(%) 7.68 9.98 11.91 8.67 12.2 13.08
ROE(%) 17.55 22.94 27.49 14.38 17.15 20.11
ROCE(%) 17.78 21.47 23.96 16.13 20.51 22.92
Receivable days 34.66 17.49 22.81 19.3 10.32 20.98
Inventory Days 312.2 152.44 170.06 208.14 177.81 180.06
Payable days 21.18 17.18 24.31 12.04 4.46 5.29
PER(x) 0 0 0 27.85 14.01 7.39
Price/Book(x) 0 0 0 2.89 2.22 1.35
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 0.53 0.25 0.41 2 1.19 0.85
EV/Core EBITDA(x) 2.68 2.28 3 16.86 9.62 5.85
Net Sales Growth(%) 0 135.63 14.21 13.72 61.9 20.06
EBIT Growth(%) 0 31.31 47.7 -1.55 66.54 41.83
PAT Growth(%) 0 47.78 55.03 -3.42 79.88 41.23
EPS Growth(%) 0 47.78 -79.33 443.24 79.88 41.23
Debt/Equity(x) 0.99 0.85 1.04 0.33 0.36 0.47
Current Ratio(x) 1.9 1.86 1.95 4.61 3.15 2.99
Quick Ratio(x) 0.31 0.33 0.4 0.56 0.24 0.46
Interest Cover(x) 3.14 4.18 4.58 4.76 6.28 6.05
Total Debt/Mcap(x) 0 0 0 0.12 0.16 0.35

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +20% +30% +43% —
Operating Profit CAGR +43% +34% +35% —
PAT CAGR +41% +36% +41% —
Share Price CAGR +47% — — —
ROE Average +20% +17% +20% +20%
ROCE Average +23% +20% +21% +20%

RBZ Jewellers Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 75 %
FII 0.03 %
DII (MF + Insurance) 0.01 %
Public (retail) 24.97 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 75757575757575757575
FII 1.831.341.020.90.590.50.24000.03
DII 2.781.541.721.891.580.10.080.060.070.01
Public 20.422.1222.2622.2222.8324.424.6924.9424.9324.97
Others 0000000000
Total 100100100100100100100100100100

RBZ Jewellers Peer Comparison

Diamond & Jewellery Edit Columns

RBZ Jewellers Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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RBZ Jewellers Pros & Cons

Pros

  • Company has delivered good profit growth of 40% CAGR over last 5 years

Cons

  • Debtor days have increased from 4.46 to 5.29days.
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