RBZJEWELConsumer Discretionary

RBZ Jewellers Limited

Gems, Jewellery And Watches · ISIN INE0PEQ01016 · BSE 544060 · NSE BE · FV ₹10
Last price
₹171
-3.02%today
What this company does

RBZ Jewellers Limited operates in Gems, Jewellery And Watches, part of the Consumer Discretionary sector. It booked ₹225 cr of revenue in its latest quarter (Q2 FY27) and kept 7.3% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Consumer Discretionary, on the 5 of 6 measures we could read for it. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns83

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality12

Whether reported profit actually arrives as cash

Valuation60

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 55% vs last year
✓ Promoters hold 75%
✓ No promoter shares pledged
✓ Strong 20% return on equity
Watch-outs
! Thin 7.3% net margin
! Profit down 12% vs last year
! Operating cash flow is negative

What if I invest in RBZJEWEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹171▼ -3.02%
latest close · 2026-11-04
52-wk low ₹13474 sessions so far52-wk high ₹213
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.5Low
LowAverageHigh
P/B ratio2.11Moderate
Below bookModerateHigh
EV / EBITDA7.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity20.2%Strong
WeakFairStrong ▸15%
Return on capital26.9%Strong
WeakFairStrong
Net margin7.3%Decent
ThinDecentStrong
EBITDA margin13.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.70Moderate
LowModerateHigh ▸1
Interest cover5.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.92Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹686 cr
Book value
₹81
EPS
₹4.10
latest quarter
Net debt
₹220 cr
owes more than its cash
Enterprise value
₹906 cr
EBITDA
₹117 cr
annualised
EBIT
₹110 cr
annualised
Operating margin
12.3%
Return on assets
9.2%
Earnings yield
9.57%
P/S
0.76
Sales / share
₹224.7
Tax rate
25.5%
Face value
₹10
Shares
4.0 cr
Working capital
₹282 cr
Current assets
₹589 cr
Current liabilities
₹306 cr
Delivery %
38.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹124 vs market price ₹171 — price is 38% above it
Safety cushion-37.8%(target ≥ +20%)
Models span ₹88–₹161, midpoint ₹124
Model ₹124
Price ₹171
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹225 cr
Other Income₹4.8 L
Total Income₹225 cr
Cost of Materials₹125 cr
Purchases of Stock-in-Trade₹192 cr
Inventory Change (±)₹-150 cr
Employee Benefit Expense₹6 cr
Finance Costs₹6 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹22 cr
Total Expenses₹203 cr
Profit before Tax₹22 cr
Tax Expense₹6 cr
Net Profit₹16 cr
Net margin on total income7.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹167 cr74.3%
Employee benefit expense₹6 cr2.7%
Finance costs₹6 cr2.5%
Depreciation & amortisation₹2 cr0.8%
Other expenses₹22 cr10.0%
Tax expense₹6 cr2.5%
Profit for the period₹16 cr7.3%
Total income ₹225 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue189 cr121 cr225 cr
Total income190 cr121 cr225 cr
Expenses174 cr109 cr203 cr
Profit before tax16 cr12 cr22 cr
Tax4 cr3 cr6 cr
Net profit (owners' share)12 cr9 cr16 cr
Net margin (owners' share, on revenue)6.2%7.5%7.3%
EPS (₹)2.922.274.10
YoY (latest quarter): total income +54.8% · net profit -11.7%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹716 cr
Shareholder equity
₹325 cr
parent shareholders
Total debt
₹227 cr
Cash
₹7 cr
Cash flow · H1 FY27
Operating
₹-47 cr
Investing
₹-24 cr
Financing
₹76 cr
Peer comparison
Gems, Jewellery And Watches · by market value
CompanyPriceMarket capP/E
Titan Company Limited₹4,562₹4.05 L cr56.9
Kalyan Jewellers India Limited₹508₹52,484 cr37.6
Lalithaa Jewellery Mart Limited₹363₹18,149 cr21.8
PC Jeweller Limited₹15₹14,408 cr10.8
Thangamayil Jewellery Limited₹4,533₹14,088 cr41.4
SKY GOLD AND DIAMONDS LIMITED₹870₹13,478 cr26.3
BlueStone Jewellery and Lifestyle Limited₹672₹10,272 cr—
P N Gadgil Jewellers Limited₹576₹8,472 cr16.6
Ethos Limited₹2,654₹7,102 cr63.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
75.0%
FII / Foreign
0.3%
DII / Domestic
0.0%
Retail / others
24.7%
Smart-money activity
Insider trades
BoughtRajiv Nitin Mehta · Director4,800 · ₹10.0 L30 Sep 26
BoughtRajiv Nitin Mehta · Director4,800 · ₹10.0 L30 Sep 26
BoughtJitendra Pratap Singh · Director10,000 · ₹15.2 L29 Aug 24
Bulk / block deals
BoughtQE SECURITIES LLP · NSE2.96 L @ ₹198.794 Sep 26
SoldQE SECURITIES LLP · NSE2.90 L @ ₹199.574 Sep 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE2.31 L @ ₹199.974 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, the Auditors’ Report thereon and the Board of Directors’ Report of the Company for the financial year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.52 L votes for, 3 against · 0% of mutual funds and other big investors said no
2
To appointment a Director in place Mr. Rajendrakumar Kantilal Zaveri (DIN: 02022264) of who retiring by rotation.
Backed by 100% of shareholders other than promotersneeded 50%
1.52 L votes for, 3 against · 0% of mutual funds and other big investors said no
3
To create charge/mortgage on the properties of the company by the board of director of the company for the purpose of borrowing in the terms of section 180 (1)(a) of the companies act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
1.52 L votes for, 3 against · 0% of mutual funds and other big investors said no
4
To increase the limits of borrowing by the board of directors of the company in terms of section 180 (1) (c) of the companies act, 2013
Backed by 100% of shareholders other than promotersneeded 75%
1.52 L votes for, 4 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 35 named members
owning 75.0% between them · as of 2026-09-30
Rajendrakumar Kantilal Zaveri38.23%
Harit Rajendrakumar Zaveri36.75%
Rajendrakumar Kantilal Zaveri HUF0.02%
Abhishek Zaveri Firmno shares
B B Zaveri PVT LTDno shares
Bhagwati Jewellers-BB Zaverino shares
Bhagwati Jewellers-Dilip Zaverino shares
Bharatbhai Balkrishna Sonino shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.