₹635.0
+4.7% today
· 30d +6.73%
as of 2026-11-09
Price · Daily Candles
“TBZ surges as quarterly profits explode, but FIIs exit amid FCF compression fears.”
Tribhovandas Bhimji Zaveri (TBZ) exhibited explosive growth in Q4 2026, with net profit soaring 612.6% YoY to ₹68 crore and revenue increasing 56.74% YoY to ₹830 crore. Despite this, FIIs pared their stake by 1.21% QoQ, and ML models project severe FCF compression for the next three years, raising questions about future cash generation.
BULL CASE
+Q4 2026 net profit surged 612.6% YoY to ₹68 crore.
+Quarterly revenue grew by 56.74% YoY to ₹830 crore.
+Annual net profit for FY26 increased 195.82% YoY to ₹202 crore.
+Stock price has seen strong momentum with a 3-month return of 75.09% and a 1-year return of 37.69%.
+Company trades at a TTM P/E of 8.36, significantly lower than the forward P/E of 85.35 and the sector average.
BEAR CASE
−FII shareholding decreased by 1.21% QoQ from Q3 2025 to Q4 2026.
−ML models predict severe FCF compression, with H1 projecting -32.1% and H2 at -38.2% of mktcap, causing the intrinsic value model to be unreliable.
−RSI(14) is at 76.76, indicating strong overbought conditions.
−Despite strong recent growth, Free Cash Flow (FCF) predictions rank very low (0.195 for recent 2Y, 0.003 for rolling 4Y, 0.032 for stable 7Y).
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹705 Cr
+2.55% YoY
NET PROFIT
₹14 Cr
-54.73% YoY
OPM
6.79%
-2.78pp YoY
EPS
₹2.14
PE 8.36
Intrinsic value · DCF ₹172.81 · Margin of safety -72.8% (overvalued) · FCF yield 0.37%
◇ Sector Position
TBZ stands out in the Luxury Goods sector with a TTM PE of 8.36, considerably lower than peers like TITAN (81.97) and KALYANKJIL (44.13), though its ROCE of 12.0% trails the sector leader TITAN (41.62%).
PEERPEROCE %
TBZ8.3612.0
+ 2 more peers — sign in to view
ML Forward Growth Predictions 🔒
79
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
100
Valuation
CHEAP
90
Growth
STRONG
79
Profitability
AVERAGE
45
Technicals
STRONG
70
Risk
LOW
90
Key Stats
TTM PE
8.36
P/B
2.02
52W HIGH
₹789.0
OFF HIGH
-19.52%
DIV YIELD
0.87%
MKT CAP
₹4203 Cr
◉ Active Signals
MACDNeutral-10.7556
RSI(14)Neutral52.54
⧉ Strategy Fit 🔒