EduInvesting.in | May 12, 2025
Move over, Titan — there’s a new gold kid on the block, and it’s not here to play dress-up. While the big players were busy showing off their premium collections and diamond-studded balance sheets, RBZ Jewellers just dropped a financial statement with more shine than your Diwali sherwani.
Let’s decode the FY25 results that are making investors (and maybe even some gold smugglers) take notice.
The Numbers: RBZ Goes Full Gold Mode
For the financial year ending March 31, 2025, here’s what RBZ served:
| Particulars | FY25 (₹ in Cr) | FY24 (₹ in Cr) | YoY Growth |
|---|---|---|---|
| Revenue from Operations | 536.15 | 327.44 | +63.7% |
| Total Income | 536.26 | 327.82 | +63.6% |
| Total Expenses | 473.44 | 308.17 | +53.6% |
| Profit Before Tax (PBT) | 52.51 | 29.62 | +77.3% |
| Profit After Tax (PAT) | 38.80 | 21.57 | +79.8% |
| EPS (Basic & Diluted) | ₹9.70 | ₹5.39 | — |
RBZ didn’t just polish its showroom; it polished its books too.
CMP Check: Is There Glitter in the Valuation?
- Current Market Price (CMP): ₹136
- Earnings per Share (EPS): ₹9.70
- Trailing P/E Ratio: 14.02x
Now here’s where things get spicy. For a company growing profits at nearly 80%, a P/E of just 14 is like buying gold at ₹40,000 while everyone else pays ₹70,000 and thanks
the shopkeeper.
Fair Value: Let’s Bring Out the Math Toys
Using a basic valuation range based on potential P/E multiples:
| Assumed P/E | Fair Value (₹) |
|---|---|
| 12x | ₹116.40 |
| 15x | ₹145.50 |
| 20x | ₹194.00 |
So at ₹136, RBZ is still below its moderate fair value, and nowhere near overvalued. If market sentiment and growth sustain, this stock could easily move toward ₹175–₹200 over the next 12–18 months.
Wait, What Even Is RBZ Jewellers?
For the uninitiated: RBZ Jewellers Ltd, formerly known as RBZ Jewellers Pvt. Ltd., is a prominent player in the plain gold jewellery segment. While the big boys are busy flaunting temple jewellery and bridal collections, RBZ’s strength lies in mass-market gold jewellery, which sees consistent demand regardless of whether Sensex hits 80,000 or your neighbor’s
