Tribhovandas Bhimji Zaveri Limited Net Assets

Latest as of March 2026: Rs8.38 Billion INR ≈ $90.64 Million USD

Tribhovandas Bhimji Zaveri Limited net assets. Based on the latest financial reports, Tribhovandas Bhimji Zaveri Limited (TBZ) has net assets worth Rs8.38 Billion INR (≈ $90.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs21.02 Billion ≈ $227.32 Million USD) and total liabilities (Rs12.64 Billion ≈ $136.68 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TBZ net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs8.38 Billion
% of Total Assets	39.87%
Annual Growth Rate	21.59%
5-Year Change	58.87%
10-Year Change	83.87%
Growth Volatility	659.04

Net Assets of Tribhovandas Bhimji Zaveri Limited (2006–2026)

Net assets of Tribhovandas Bhimji Zaveri Limited from 2006 to 2026. This chart illustrates how Tribhovandas Bhimji Zaveri Limited's net assets have evolved over time, based on quarterly financial data. See TBZ net asset quality score to measure how much of total assets are equity-financed.

Annual Net Assets for Tribhovandas Bhimji Zaveri Limited (2006–2026)

The table below shows the annual net assets of Tribhovandas Bhimji Zaveri Limited from 2006 to 2026. For live market cap and overall valuation, see Tribhovandas Bhimji Zaveri Limited stock valuation.

Year	Net Assets	Change
2026-03-31	Rs8.38 Billion ≈ $90.64 Million	+27.53%
2025-03-31	Rs6.57 Billion ≈ $71.07 Million	+9.26%
2024-03-31	Rs6.02 Billion ≈ $65.05 Million	+7.34%
2023-03-31	Rs5.60 Billion ≈ $60.61 Million	+6.22%
2022-03-31	Rs5.28 Billion ≈ $57.06 Million	+0.90%
2021-03-31	Rs5.23 Billion ≈ $56.55 Million	+8.77%
2020-03-31	Rs4.81 Billion ≈ $51.99 Million	-0.63%
2019-03-31	Rs4.84 Billion ≈ $52.32 Million	+1.50%
2018-03-31	Rs4.77 Billion ≈ $51.55 Million	+4.57%
2017-03-31	Rs4.56 Billion ≈ $49.30 Million	+5.06%
2016-03-31	Rs4.34 Billion ≈ $46.92 Million	-6.41%
2015-03-31	Rs4.64 Billion ≈ $50.14 Million	+3.61%
2014-03-31	Rs4.47 Billion ≈ $48.39 Million	+9.16%
2013-03-31	Rs4.10 Billion ≈ $44.33 Million	+156.26%
2012-03-31	Rs1.60 Billion ≈ $17.30 Million	+48.95%
2011-03-31	Rs1.07 Billion ≈ $11.61 Million	+56.88%
2010-03-31	Rs684.52 Million ≈ $7.40 Million	+32.62%
2009-03-31	Rs516.17 Million ≈ $5.58 Million	+737.12%
2008-03-31	Rs61.66 Million ≈ $666.83K	+2983.00%
2007-03-31	Rs2.00 Million ≈ $21.63K	-98.81%
2006-03-31	Rs167.91 Million ≈ $1.82 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tribhovandas Bhimji Zaveri Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 589163600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Tribhovandas Bhimji Zaveri Limited Net Assets Breakdown (March 2026)

Tribhovandas Bhimji Zaveri Limited net assets breakdown by equity component as of March 2026.

Component	Amount	Percentage
Retained Earnings	Rs5.89 Billion	70.29%
Common Stock	Rs667.31 Million	7.96%
Other Comprehensive Income	Rs143.43 Million	1.71%
Other Components	Rs1.68 Billion	20.03%
Total Equity	Rs8.38 Billion	100.00%

Tribhovandas Bhimji Zaveri Limited Competitors by Market Cap

The table below lists competitors of Tribhovandas Bhimji Zaveri Limited ranked by their market capitalization.

Company	Market Cap
Meorient SHE:300795	$438.69 Million
Barnes & Noble Education Inc NYSE:BNED	$438.93 Million
Jiangxi Yuean Advanced Materials Co Ltd SHG:688786	$438.95 Million
Albaraka Turk Katilim Bankasi AS IS:ALBRK	$438.99 Million
Zhejiang Guangsha Co Ltd SHG:600052	$438.54 Million
Zhejiang Jiaxin Silk Corp Ltd SHE:002404	$438.45 Million
Sanlux Co Ltd SHE:002224	$438.27 Million
Zhejiang Liming Intelligent Manufacturing Co Ltd SHG:603048	$438.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tribhovandas Bhimji Zaveri Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 6,572,094,000 to 8,381,504,000, a change of 1,809,410,000 (27.5%).
Net income of 2,023,057,000 contributed positively to equity growth.
Dividend payments of 150,144,000 reduced retained earnings.
Other comprehensive income increased equity by 35,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs2.02 Billion	+24.14%
Dividends Paid	Rs150.14 Million	-1.79%
Other Comprehensive Income	Rs35.00K	+0.0%
Other Changes	Rs-63.54 Million	-0.76%
Total Change	Rs-	27.53%

Book Value vs Market Value Analysis

This analysis compares Tribhovandas Bhimji Zaveri Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.84x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 162.89x to 4.84x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs3.73	Rs607.80	x
2007-03-31	Rs0.04	Rs607.80	x
2008-03-31	Rs1.37	Rs607.80	x
2009-03-31	Rs10.59	Rs607.80	x
2010-03-31	Rs15.69	Rs607.80	x
2011-03-31	Rs21.35	Rs607.80	x
2012-03-31	Rs31.93	Rs607.80	x
2013-03-31	Rs62.82	Rs607.80	x
2014-03-31	Rs67.06	Rs607.80	x
2015-03-31	Rs69.48	Rs607.80	x
2016-03-31	Rs65.35	Rs607.80	x
2017-03-31	Rs68.31	Rs607.80	x
2018-03-31	Rs71.43	Rs607.80	x
2019-03-31	Rs72.50	Rs607.80	x
2020-03-31	Rs72.04	Rs607.80	x
2021-03-31	Rs78.36	Rs607.80	x
2022-03-31	Rs79.06	Rs607.80	x
2023-03-31	Rs83.98	Rs607.80	x
2024-03-31	Rs90.14	Rs607.80	x
2025-03-31	Rs98.50	Rs607.80	x
2026-03-31	Rs125.61	Rs607.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tribhovandas Bhimji Zaveri Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 24.14%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.32%
• Asset Turnover: 1.52x
• Equity Multiplier: 2.51x
Recent ROE (24.14%) is below the historical average (194.20%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	0.82%	0.06%	2.56x	5.26x	Rs-15.42 Million
2007	3727.00%	2.44%	2.62x	582.37x	Rs74.34 Million
2008	123.31%	1.73%	2.35x	30.38x	Rs69.86 Million
2009	20.25%	1.56%	2.38x	5.44x	Rs52.89 Million
2010	24.72%	1.91%	2.54x	5.10x	Rs100.78 Million
2011	36.63%	3.28%	2.33x	4.79x	Rs284.88 Million
2012	35.79%	4.15%	2.37x	3.65x	Rs412.48 Million
2013	20.60%	5.09%	1.40x	2.88x	Rs434.62 Million
2014	12.29%	3.01%	1.39x	2.94x	Rs102.54 Million
2015	5.25%	1.26%	1.50x	2.78x	Rs-220.40 Million
2016	-6.32%	-1.66%	1.28x	2.97x	Rs-711.51 Million
2017	2.84%	0.77%	1.42x	2.62x	Rs-326.54 Million
2018	4.46%	1.21%	1.44x	2.56x	Rs-264.06 Million
2019	3.22%	0.88%	1.24x	2.94x	Rs-328.17 Million
2020	4.45%	1.18%	1.23x	3.05x	Rs-266.59 Million
2021	8.27%	3.22%	1.10x	2.32x	Rs-90.22 Million
2022	3.83%	1.09%	1.27x	2.76x	Rs-325.76 Million
2023	7.17%	1.68%	1.62x	2.63x	Rs-158.51 Million
2024	9.05%	2.37%	1.58x	2.42x	Rs-57.26 Million
2025	10.41%	2.61%	1.48x	2.69x	Rs26.67 Million
2026	24.14%	6.32%	1.52x	2.51x	Rs1.18 Billion

Industry Comparison

This section compares Tribhovandas Bhimji Zaveri Limited's net assets metrics with peer companies in the Luxury Goods industry.

Industry Context

Industry: Luxury Goods
Average net assets among peers: $4,589,046,569
Average return on equity (ROE) among peers: 15.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tribhovandas Bhimji Zaveri Limited (TBZ)	Rs8.38 Billion	0.82%	1.51x	$438.63 Million
D. P. Abhushan Limited (DPABHUSHAN)	$410.79 Million	19.83%	3.74x	$478.99 Million
Ethos Limited (ETHOSLTD)	$16.64 Billion	5.69%	0.32x	$723.93 Million
Goenka Diamond and Jewels Limited (GOENKA)	$703.32 Million	38.93%	3.56x	$2.81 Million
Goldiam International Limited (GOLDIAM)	$2.69 Billion	7.89%	0.61x	$465.18 Million
Kalyan Jewellers India Limited (KALYANKJIL)	$19.68 Billion	7.23%	3.34x	$5.56 Billion
Laxmi Goldorna House Ltd (LGHL)	$313.29 Million	0.39%	0.86x	$131.01 Million
Lypsa Gems & Jewellery Limited (LYPSAGEMS)	$918.26 Million	23.41%	2.78x	$1.56 Million
Moksh Ornaments Limited (MOKSH)	$108.58 Million	26.47%	3.82x	$7.63 Million
Motisons Jewellers Ltd (MOTISONS)	$971.35 Million	3.67%	1.36x	$157.20 Million
Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL)	$3.45 Billion	20.78%	2.13x	$86.42 Million

About Tribhovandas Bhimji Zaveri Limited

NSE:TBZ India Luxury Goods

Market Cap

$438.63 Million

Rs40.56 Billion INR

Market Cap Rank

#12581 Global

#624 in India

Share Price

Rs607.80

Change (1 day)

-4.99%

52-Week Range

Rs111.51 - Rs768.20

All Time High

Rs768.20