MarketFriction

RBZ Jewellers Ltd

NSE RBZJEWEL · BSE 544060 · Gems, Jewellery And Watches
₹196.87 -5.00%
NSE close2026-10-01
52 week range100.00 - 207.66
Market cap₹791 Cr.
P/E13.9
IPO 2023 · +97% since ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales74.13115.8086.1882.45116.60193.81137.2975.58145.08226.33189.48120.80
Expenses59.78103.8081.5368.22102.65172.13122.6962.60116.88196.80168.33102.88
Operating Profit14.3512.004.6514.2313.9521.6814.6012.9828.2029.5321.1517.92
OPM %19.36%10.36%5.40%17.26%11.96%11.19%10.63%17.17%19.44%13.05%11.16%14.83%
Other Income0.030.040.270.160.150.210.080.040.130.040.260.11
Interest2.562.530.341.782.542.942.452.582.554.983.964.23
Depreciation0.350.360.340.480.760.790.820.850.861.221.391.64
Profit before tax11.479.154.2412.1310.8018.1611.419.5924.9223.3716.0612.16
Tax %26.07%25.90%36.56%25.14%25.37%27.97%24.89%25.76%25.52%25.37%27.27%25.16%
Net Profit8.476.782.699.088.0713.098.577.1218.5617.4311.689.09
EPS in Rs2.821.700.672.272.023.272.141.784.644.362.922.27
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales182107252288327530636682
Expenses17187225250289465544585
Operating Profit1020273838659297
OPM %6%19%11%13%12%12%15%14%
Other Income01020101
Interest56688101516
Depreciation12111345
Profit before tax413203030537477
Tax %28%27%27%25%27%26%26%
Net Profit310142222395557
EPS in Rs7.5124.3836.027.445.399.7013.7014.19
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%43%30%30%
Compounded Profit Growth%42%35%54%
Stock Price CAGR%%%47%
Return on Equity%19%18%20%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital44430404040
Reserves43526662167205260
Borrowings476064966991170
Other Liabilities208201971616
Total Liabilities115124154207284352486
Fixed Assets14171625273362
CWIP00112325
Investments0000000
Other Assets101107138181255317399
Total Assets115124154207284352486
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6-31-11-49-15-7
Cash from Investing Activity31-1-11-4-5-33
Cash from Financing Activity-82-12859841
Net Cash Flow10-167-120
Free Cash Flow4-2-0-22-53-20-40
CFO/OP72%5%22%-8%-103%-3%13%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days24352028141232
Inventory Days198443209241313255251
Days Payable40212724375
Cash Conversion Cycle181457202245324260279
Working Capital Days6217095106207147150
ROCE %18%21%24%16%20%22%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs4.33%1.83%1.34%1.02%0.90%0.59%0.50%0.24%0.00%0.00%0.03%
DIIs3.03%2.78%1.54%1.72%1.89%1.58%0.10%0.08%0.06%0.07%0.01%
Public17.64%20.40%22.13%22.27%22.22%22.82%24.39%24.69%24.94%24.94%24.98%
No. of Shareholders21,49139,76638,42635,96235,99637,95538,25736,30734,69833,35131,334

Fundamentals

Market Cap₹ 791 Cr.
Current Price₹ 198
Stock P/E13.9
Book Value₹ 75.0
ROCE22.0 %
ROE20.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)30%
Compounded Profit Growth (TTM)54%
Standalone figures.
Valuation
Market capRs 591 Cr
Enterprise valueRs 679 Cr
P/E (TTM)10.41x
Price to book6.39x
Price to sales0.87x
EV / EBITDA6.97x
EV / EBIT7.36x
EV / sales1.00x
Earnings yield9.61%
Profitability
Operating margin (excl. other income)13.14%
Operating margin (incl. other income)13.71%
EBITDA margin14.28%
Pre-tax margin11.22%
Net profit margin8.33%
Net margin, latest quarter7.52%
ROE27.48%
ROCE23.62%
ROA12.38%
ROE, 3-year average23.15%
ROCE, 3-year average20.99%
ROA, 3-year average10.31%
ROIC (approx.)38.29%
Tax rate24.99%
Other income / net worth1.78%
Growth
Sales growth (latest year)14.21%
Profit growth (latest year)54.96%
Sales CAGR, 3 years16.56%
Profit CAGR, 3 years92.30%
Sales growth QoQ-36.25%
Profit growth QoQ-22.17%
Sales growth YoY (latest quarter)59.83%
Profit growth YoY (latest quarter)27.67%
Per share
EPS (TTM)Rs 18.92
EPS (latest year)Rs 7.44
EPS (latest quarter)Rs 3.03
EPS, 3-year averageRs 22.61
Book value per shareRs 30.82
Sales per shareRs 227.23
Cash flow per shareRs -3.74
Free cash flow per shareRs -13.33
Efficiency
Asset turnover1.39x
Fixed asset turnover11.42x
Inventory turnover1.58x
Inventory days231 days
Debtor days28 days
Debtors turnover13.09x
Creditor days5 days
Cash conversion cycle279 days
Working capital days150 days
Leverage
Total debtRs 96 Cr
Cash and bankRs 8 Cr
Net debtRs 88 Cr
Debt to equity1.04x
Net debt / EBITDA0.91x
Interest coverage5.87x
Owners' fund to total sources44.71%
Debt to assets46.31%
Cash flow
Cash from Operating Activity (latest year)Rs -11 Cr
Cash from Investing Activity (latest year)Rs -11 Cr
Cash from Financing Activity (latest year)Rs 28 Cr
Net Cash Flow (latest year)Rs 6 Cr
Free cash flow (latest year)Rs -40 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Cash from ops / profit, 5 years-0.53x
Statement figures
Net sales (TTM)Rs 682 Cr
Net sales (latest year)Rs 288 Cr
Sales (latest quarter)Rs 121 Cr
Operating profit excl. other income (latest year)Rs 38 Cr
Operating profit (latest quarter)Rs 18 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 97 Cr
PBDT (TTM)Rs 82 Cr
Profit before tax (TTM)Rs 77 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 57 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 236 Cr
Total expenditure (latest year)Rs 250 Cr
Total income (latest year)Rs 290 Cr
Share capitalRs 30 Cr
ReservesRs 62 Cr
Shareholders' fundsRs 92 Cr
Total assetsRs 207 Cr
Net blockRs 25 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 22 Cr
InventoryRs 149 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)3.00
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 10.4 is at the 31th percentile of its own 2.9-year range (median 11.8, low 5.9, high 186.6).
P/B 6.39 is at the 43th percentile (median 6.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRBZJEWELNifty 50Difference
1 week+14.3%-2.8% +17.1 pts
1 month+16.5%-6.8% +23.3 pts
3 months+36.7%-7.6% +44.3 pts
6 months+92.9%+0.4% +92.5 pts
1 year+43.2%-9.9% +53.1 pts
2 years+14.5%-13.6% +28.1 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -28% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 16% of total assets in 2026
explainShare dilution Share count up 650% in a year, 614% in three
lookRegulator order or action Regulator order or action 2025-12-06: Rbz Jewellers Limited has informed the Exchange about Action(s) taken or orders passed
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹121 Cr +59.8% vs Jun 2025. Net profit ₹9 Cr +27.7%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-25Concall / analyst meetSchedule of meet
2026-09-24Press ReleaseA press release dated September 24, 2026, titled "Press release on opening of new showroom of Company at Surat. ".
2026-09-24General UpdatesOpening of new showroom at Surat.
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "RBZ Jewellers Limited to Hold Media Interaction Ahead of the Launch of its New Showroom in Surat".
2026-09-11Shareholder meetingVoting results.
2026-09-10Change in ManagementChange in Management
2026-09-10Shareholder meetingShareholders meeting
2026-08-18Shareholder meetingNotice of Annual General Meeting to be held on September 10, 2026
2026-08-17Concall / analyst meetTranscript
2026-08-12Concall / analyst meetLink of Recording
2026-08-11Investor PresentationInvestor Presentation
2026-08-11Integrated Filing- FinancialWe hereby attaching herewith Unaudited Financial Results of the Company for Quarter ended as on 30 June 2026.
2026-08-11Board meeting outcomeRbz Jewellers Limited has submitted to the Exchange, the Unaudited financial results for the period ended June 30, 2026.
2026-07-29Concall / analyst meetSchedule of meet
2026-06-26Concall / analyst meetSchedule of meet
2026-06-22Disclosure under SEBI TakeovRbz Jewellers Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substan...
2026-06-08Concall / analyst meetSchedule of meet
2026-05-19Concall / analyst meetTranscript
2026-05-18Concall / analyst meetSchedule of meet
2026-05-15Concall / analyst meetLink of Recording
2026-05-14Investor PresentationInvestor Presentation
2026-05-14General UpdatesReappointment of Internal Auditor M/S G K Choksi & Co for F.Y 2026-27
2026-05-14Integrated Filing- FinancialWe hereby submitting Audited Financial Results of the Company for the Quarter and Year ended as on 31 March 2026
2026-05-14Board meeting outcomeRbz Jewellers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-07Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03