NSE: RBZJEWEL · BSE: 544060 · ISIN INE0PEQ01016
RBZ Jewellers Limited stock analysis
RBZ Jewellers Limited ranks #1250 in the TickerSutra evidence-ranked universe with a score of 55/100 and 89% data confidence. The latest captured fundamentals show ROCE of 22.0%, quarterly sales growth of 59.8% and quarterly profit growth of 27.7%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 22%
- 30.2% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹252cr | ₹27cr | ₹14cr | 11.0% |
| 2023 | ₹288cr | ₹38cr | ₹22cr | 13.0% |
| 2024 | ₹327cr | ₹38cr | ₹22cr | 12.0% |
| 2025 | ₹530cr | ₹65cr | ₹39cr | 12.0% |
| 2026 | ₹636cr | ₹92cr | ₹55cr | 15.0% |
| TTM | ₹682cr | ₹97cr | ₹57cr | 14.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Trading window for dealing in the security of the Company will remain close for all its designated persons, connected persons and their immediate relative from 01st October 2026 till 48 ....
RoutineRBZ Jewellers Ltd - 544060 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 25 Sept 2026We are attaching herewith intimation on investor call schedule to be held on 30th September 2026. Kindly take the same on your record.
RoutinePress ReleaseNSE · 22 Sept 2026Rbz Jewellers Limited has informed the Exchange regarding a press release dated September 22, 2026, titled "RBZ Jewellers Limited to Hold Media Interaction Ahead of the Launch of its New Showroom in Surat".
RoutineRBZ Jewellers Ltd - 544060 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 22 Sept 2026RBZ to hold press conference.
RoutineRBZ Jewellers Ltd - 544060 - Announcement under Regulation 30 (LODR)-Change in ManagementBSE · 10 Sept 2026We are attaching herewith disclosure on Re-appointment of Mr. Rajiv Mehta as an independent director of the company on account of approval by the members of the Company. Kindly take ....
MANAGEMENT COMMENTARY
Signals from filed documents
Mitigation RBZ leverages its manufacturing strength, design innovation, and quality certification to differentiate its offerings, while building brand visibility through strong audio-visual films, B2C exhibitions, digital campaigns, and a phased city-by-city rollout to build local trust before scaling further. RBZ’s expansion plans rely significantly on debt and internal accruals, with an estimated inventory requirem
It also reviews compliance with accounting standards, risk management and control systems and profitability. Competition Risk Financial Risk Pricing Pressure Regulatory Risk Market Risk Operational/ Execution Risk LOWMODERATEMODERATE As RBZ plans to expand into new geographies such as Surat, Rajkot, Maninagar (East Ahmedabad) and Gandhinagar, it faces established local and national jewellers with strong regional bran
Profit after tax followed a similar trend, rising to ` 548 Mn from ` 388 Mn, with PAT margins improving to 8.61% from 7.32%. The strength of this execution is reflected in the Company’s consistent operational performance, having delivered steady volume growth even amid a challenging gold pricing environment. This resilience, supported by a robust manufacturing base, an expanding product portfolio, and growing retail
Executing a Clear Growth Strategy The Indian jewellery industry is entering a period of accelerated formalization, consolidation and brand-led growth. At RBZ Jewellers, we believe sustainable success will be defined not only by scale but also by our ability to build enduring consumer relationships, deliver differentiated products and expand our market presence responsibly. Our strategy is guided by three key prioriti
It also reviews compliance with accounting standards, risk management and control systems and profitability. Competition Risk Financial Risk Pricing Pressure Regulatory Risk Market Risk Operational/ Execution Risk LOWMODERATEMODERATE As RBZ plans to expand into new geographies such as Surat, Rajkot, Maninagar (East Ahmedabad) and Gandhinagar, it faces established local and national jewellers with strong regional bran
Expansion of Organised and Branded Retail The industry is witnessing rapid formalisation, with organised retailers expanding their presence across Tier II and Tier III cities. Consumers increasingly prefer certified, hallmarked and branded jewellery, driven by greater transparency, trust and superior customer experience, leading to market share gains for organised players. Digitalisation and Omnichannel Commerce Tech
Digital channels are expanding customer reach while enabling manufacturers and retailers to improve operational efficiency and inventory management. Export Diversification and Trade Agreements India continues to strengthen its position as a global jewellery manufacturing hub through expanding export markets and favourable trade agreements. Policy support remains a key growth catalyst and These initiatives enhance mar
As we continue our transition towards a more consumer-led business, our focus will remain on disciplined execution, customer engagement and responsible growth. We are confident that the actions we are taking today will enable us to create sustainable long-term value for all stakeholders while strengthening RBZ's position as one of India's most respected jewellery brands. Grateful for Y our Continued Trust Every miles
Dhaval Shah Contributes towards the improvement of the Company’s financial and other functional areas and provides valuable inputs on matters to be included for discussion at Board Meetings with a view to enhancing operational efficiency and procedures. Pooja Omkar Acharya Demonstrates due attention towards safeguarding shareholders’ interests, possesses a sound understanding of the laws and regulations impacting the
The facility of participation at the EGM/AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Aud
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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