Tribhovandas Bhimji Zaveri Limited (TBZ) - Net Assets
Based on the latest financial reports, Tribhovandas Bhimji Zaveri Limited (TBZ) has net assets worth Rs6.96 Billion INR (≈ $75.27 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs20.40 Billion ≈ $220.63 Million USD) and total liabilities (Rs13.44 Billion ≈ $145.36 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. Check TBZ asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.96 Billion |
| % of Total Assets | 34.11% |
| Annual Growth Rate | 21.29% |
| 5-Year Change | 25.69% |
| 10-Year Change | 51.48% |
| Growth Volatility | 674.94 |
Tribhovandas Bhimji Zaveri Limited - Net Assets Trend (2006–2025)
This chart illustrates how Tribhovandas Bhimji Zaveri Limited's net assets have evolved over time, based on quarterly financial data. Also explore TBZ current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Tribhovandas Bhimji Zaveri Limited (2006–2025)
The table below shows the annual net assets of Tribhovandas Bhimji Zaveri Limited from 2006 to 2025. For live valuation and market cap data, see Tribhovandas Bhimji Zaveri Limited (TBZ) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 408226100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs4.08 Billion | 62.12% |
| Common Stock | Rs667.31 Million | 10.15% |
| Other Comprehensive Income | Rs143.39 Million | 2.18% |
| Other Components | Rs1.68 Billion | 25.55% |
| Total Equity | Rs6.57 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 |
|---|---|
|
IFB Agro Industries Limited
NSE:IFBAGRO
|
$111.21 Million |
|
Silvaco Group, Inc. Common Stock
NASDAQ:SVCO
|
$111.22 Million |
|
Quarterhill Inc
TO:QTRH
|
$111.23 Million |
|
PepGen Ltd
NASDAQ:PEPG
|
$111.28 Million |
|
Leoch International Technology Limited
F:0LT
|
$111.14 Million |
|
Sunfon Construction Co Ltd
TWO:5514
|
$111.03 Million |
|
Spyrosoft Spólka Akcyjna
F:2NP
|
$111.02 Million |
|
Malindo Feedmill Tbk
JK:MAIN
|
$110.97 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 2024 to 2025, total equity changed from 6,015,339,000 to 6,572,094,000, a change of 556,755,000 (9.3%).
- Net income of 683,882,000 contributed positively to equity growth.
- Dividend payments of 116,779,000 reduced retained earnings.
- Other comprehensive income increased equity by 140,079,000.
- Other factors decreased equity by 150,427,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs683.88 Million | +10.41% |
| Dividends Paid | Rs116.78 Million | -1.78% |
| Other Comprehensive Income | Rs140.08 Million | +2.13% |
| Other Changes | Rs-150.43 Million | -2.29% |
| Total Change | Rs- | 9.26% |
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: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 41.27x to 1.56x 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 | Rs154.01 | x |
| 2007-03-31 | Rs0.04 | Rs154.01 | x |
| 2008-03-31 | Rs1.37 | Rs154.01 | x |
| 2009-03-31 | Rs10.59 | Rs154.01 | x |
| 2010-03-31 | Rs15.69 | Rs154.01 | x |
| 2011-03-31 | Rs21.35 | Rs154.01 | x |
| 2012-03-31 | Rs31.93 | Rs154.01 | x |
| 2013-03-31 | Rs62.82 | Rs154.01 | x |
| 2014-03-31 | Rs67.06 | Rs154.01 | x |
| 2015-03-31 | Rs69.48 | Rs154.01 | x |
| 2016-03-31 | Rs65.35 | Rs154.01 | x |
| 2017-03-31 | Rs68.31 | Rs154.01 | x |
| 2018-03-31 | Rs71.43 | Rs154.01 | x |
| 2019-03-31 | Rs72.50 | Rs154.01 | x |
| 2020-03-31 | Rs72.04 | Rs154.01 | x |
| 2021-03-31 | Rs78.36 | Rs154.01 | x |
| 2022-03-31 | Rs79.06 | Rs154.01 | x |
| 2023-03-31 | Rs83.98 | Rs154.01 | x |
| 2024-03-31 | Rs90.14 | Rs154.01 | x |
| 2025-03-31 | Rs98.50 | Rs154.01 | 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): 10.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.61%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 2.69x
- Recent ROE (10.41%) is below the historical average (202.70%), 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 |
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: $3,789,216,296
- Average return on equity (ROE) among peers: 15.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tribhovandas Bhimji Zaveri Limited (TBZ) | Rs6.96 Billion | 0.82% | 1.93x | $111.14 Million |
| D. P. Abhushan Limited (DPABHUSHAN) | $1.38 Billion | 29.29% | 2.00x | $272.95 Million |
| Ethos Limited (ETHOSLTD) | $515.18 Million | 0.29% | 2.67x | $695.83 Million |
| Goenka Diamond and Jewels Limited (GOENKA) | $703.32 Million | 38.93% | 3.56x | $2.81 Million |
| Goldiam International Limited (GOLDIAM) | $4.81 Billion | 12.68% | 0.28x | $532.37 Million |
| Kalyan Jewellers India Limited (KALYANKJIL) | $19.68 Billion | 7.23% | 3.34x | $4.74 Billion |
| Laxmi Goldorna House Ltd (LGHL) | $314.55 Million | 0.40% | 2.56x | $136.68 Million |
| Lypsa Gems & Jewellery Limited (LYPSAGEMS) | $918.26 Million | 23.41% | 2.78x | $1.69 Million |
| Moksh Ornaments Limited (MOKSH) | $6.64 Million | 19.75% | 29.25x | $12.26 Million |
| Motisons Jewellers Ltd (MOTISONS) | $1.37 Billion | 16.15% | 1.45x | $143.87 Million |
| Manoj Vaibhav Gems 'N' Jewellers Limited (MVGJL) | $8.19 Billion | 2.98% | 0.00x | $95.30 Million |
About Tribhovandas Bhimji Zaveri Limited
Tribhovandas Bhimji Zaveri Limited designs, manufactures, retails, and sells jewelry primarily in India. The company offers bangles, pendants, rings, necklaces, bracelets, earrings, coins, gold bars, and mangalsutras. It also provides products in a various style, such as gold, diamond studded, precious and semi-precious stone studded, and plain and diamond studded platinum; lightweight and contem… Read more