RBZ Jewellers share price target 2024, 2025, 2026, 2030 prediction
RBZ Jewellers Limited is one of the leading gold jewellery manufacturers in India, specializing in antique designs. The company operates both in wholesale and retail segments, with its retail showroom branded as “Harit Zaveri.” The company has a strong presence in Ahmedabad and caters to reputed national, regional, and local family jewellers across 19 states and 72 cities in India. In this article, we will look at RBZ Jewellers share price target 2024, 2025, 2026, 2030.
In this blog post, we will analyze the RBZ Jewellers stock in terms of its overview, competitors, growth opportunity, SWOT analysis, company financials, and key things to watch out for. We will also provide our opinion on whether you should subscribe to this IPO or not.
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RBZ Jewellers share price target 2024, 2025, 2026, 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | ₹80 | ₹95 | ₹88 |
| 2025 | ₹100 | ₹119 | ₹109 |
| 2026 | ₹125 | ₹148 | ₹137 |
| 2027 | ₹156 | ₹186 | ₹171 |
| 2028 | ₹195 | ₹232 | ₹214 |
| 2029 | ₹244 | ₹290 | ₹267 |
| 2030 | ₹305 | ₹362 | ₹334 |
| 2031 | ₹381 | ₹453 | ₹417 |
| 2032 | ₹477 | ₹566 | ₹522 |
| 2033 | ₹596 | ₹708 | ₹652 |
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RBZ Jewellers share price target 2024
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2024 | ₹80 | ₹95 | ₹88 |
RBZ Jewellers share price target 2024: In 2024, analysts projected RBZ Jewellers share price target to range from a minimum of ₹80 to a maximum of ₹95, with an average target of ₹88.
RBZ Jewellers share price target 2025
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2025 | ₹100 | ₹119 | ₹109 |
RBZ Jewellers share price target 2025: For the year 2025, analysts anticipated RBZ Jewellers share price target to be in the range of ₹100 (minimum) to ₹119 (maximum), with an average target of ₹109.
RBZ Jewellers share price target 2026
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2026 | ₹125 | ₹148 | ₹137 |
RBZ Jewellers share price target 2026: In 2026, RBZ Jewellers share price target was estimated to have a minimum target of ₹125, a maximum target of ₹148, and an average target of ₹137.
RBZ Jewellers share price target 2030
| Year | Minimum Share Price Target | Maximum Share Price Target | Average Share Price Target |
|---|---|---|---|
| 2030 | ₹305 | ₹362 | ₹334 |
RBZ Jewellers share price target 2030: For the year 2030, analysts expected RBZ Jewellers share price target to fall within the bracket of ₹305 (at the lower end) to ₹362 (at the upper end), while setting an average target of ₹334.
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Competitors of RBZ Jewellers Stock
The jewellery industry in India is highly competitive and fragmented, with a large number of players operating at different levels of the value chain. The industry is dominated by the unorganized sector, which accounts for about 70% of the market share. However, the organized sector is growing at a faster pace, driven by factors such as rising disposable income, changing consumer preferences, increasing urbanization, and growing awareness of quality and design.
According to the offer document, the company has shown Kalyan Jewellers, Senco Gold, Thangamayil Jewellery, D P Abhushan, Titan Co., Ashapuri Gold and Sky Gold as its listed peers.
The table below shows a comparison of RBZ Jewellers with its listed peers based on some key financial parameters:
| Parameter | RBZ Jewellers | Kalyan Jewellers | Senco Gold | Thangamayil Jewellery | D P Abhushan | Titan Co. | Ashapuri Gold | Sky Gold |
|---|---|---|---|---|---|---|---|---|
| Revenue (Rs crore) | 287.93 | 10,100.86 | 2,150.15 | 2,173.64 | 1,005.23 | 21,918.00 | 1,057.02 | 1,143.96 |
| PAT (Rs crore) | 22.33 | 170.28 | 44.05 | 77.32 | 40.50 | 1,627.00 | 13.38 | 28.91 |
| EPS (Rs) | 7.44 | 0.85 | 4.31 | 25.77 | 16.20 | 18.29 | 6.69 | 14.45 |
| P/E ratio | 13.45 | 68.60 | 34.30 | 34.96 | 24.89 | 93.97 | 132.40 | 39.52 |
| RoNW (%) | 24.15 | 3.94 | 9.80 | 19.82 | 16.12 | 27.50 | 8.76 | 15.75 |
As seen from the table, RBZ Jewellers has the lowest P/E ratio among its peers, indicating that it is relatively undervalued. The company also has a high RoNW, which reflects its profitability and efficiency in using its shareholders’ funds. However, the company also has the lowest revenue and PAT among its peers, indicating that it is a small player in the industry.
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Growth Opportunity for RBZ Jewellers Stock
RBZ Jewellers is poised for significant growth in the thriving Indian jewellery market, anticipated to expand at a 13% CAGR from 2020 to 2025, culminating in a value of Rs 8.5 lakh crore by 20254. Key growth drivers for RBZ Jewellers include:
- Demand for Antique Gold Jewellery: RBZ Jewellers excels in the niche of antique gold jewellery, a segment cherished for traditional and ethnic designs, particularly in weddings and festivals. Their extensive collection, featuring exquisite jadau, meena, and kundan work, is well-positioned to meet the varied preferences of customers across India.
- Retail Expansion Plans: Currently, RBZ Jewellers operates a flagship showroom, “Harit Zaveri,” in Ahmedabad. They are strategically planning to extend their retail footprint to other high-demand regions in Western and Northern India. Additionally, leveraging e-commerce and online platforms will broaden their reach to a more extensive customer base.
- Manufacturing Capability Enhancement: With a sophisticated manufacturing facility in Ahmedabad, equipped with cutting-edge technologies like casting, laser, and 3-D printing, RBZ Jewellers is set to further advance their production capabilities. This involves investing in new machinery, upgrading infrastructure, and adhering to the highest quality standards. Such advancements aim to boost production efficiency, reduce operational costs, and minimize wastage.
- Product Portfolio Diversification: Beyond their extensive range of gold jewellery studded with diamonds, polki, and other precious stones, as well as gold bars and coins, RBZ Jewellers plans to diversify. New collections and designs in silver, platinum, and fashion jewellery are on the horizon. Additionally, they aim to amplify their export sales, particularly to the Middle East and other international markets.
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SWOT Analysis of RBZ Jewellers Stock
A SWOT analysis offers valuable insights into the strengths, weaknesses, opportunities, and threats of RBZ Jewellers. This analysis helps to understand the company’s market position and strategic direction.
Strengths
- Renowned Brand Image: RBZ Jewellers enjoys a strong brand image and reputation in the jewellery sector.
- Specialization in Antique Gold Jewellery: The company stands out with its diverse range of antique gold jewellery.
- Sophisticated Manufacturing: It boasts an organized manufacturing setup equipped with advanced technologies.
- Broad Wholesale Reach: The company has a wide geographical spread and a substantial customer base in the wholesale segment.
- Expert Team: An experienced management team and skilled artisans are core strengths.
Weaknesses
- Limited Scale: The company’s small size and concentrated industry presence pose challenges.
- Retail Dependence: High reliance on a single retail showroom for the retail segment is a concern.
- Financial Demands: The business requires high working capital and maintains significant inventory levels.
- Market Sensitivities: Exposure to gold price fluctuations and exchange rate volatility is a risk.
- Regulatory Compliance: Navigating the complex regulatory and legal landscape of the jewellery industry remains a challenge.
Opportunities
- Market Growth: There’s a growing demand for gold jewellery in India, particularly for weddings and festivals.
- Brand Preference: Increasing customer preference for organized and branded jewellery offers a growth avenue.
- Retail Expansion: Potential for expanding retail presence in other regions and online.
- Manufacturing Enhancement: Opportunities to enhance manufacturing capabilities and increase production capacity.
Threats
- Competitive Market: Intense competition from both organized and unorganized sectors, including online platforms.
- Regulatory Challenges: Compliance with dynamic regulations and laws could impose additional operational burdens.
- Gold Price and Exchange Rate Risks: Dependence on fluctuating gold prices and exchange rates could impact profitability and operational costs.
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RBZ Jewellers Company Financials
The company’s financial performance for the last three fiscal years and the six months ended September 30, 2023, is summarized below:
Table
| Particulars | FY21 | FY20 | FY19 | H1 FY22 |
|---|---|---|---|---|
| Revenue (Rs crore) | 287.93 | 193.76 | 101.61 | 203.11 |
| PAT (Rs crore) | 22.33 | 13.66 | 5.32 | 15.67 |
| EPS (Rs) | 7.44 | 4.55 | 1.77 | 5.22 |
| RoNW (%) | 24.15 | 18.88 | 10.07 | 23.01 |
| Net Margin (%) | 7.75 | 7.05 | 5.24 | 7.72 |
As seen from the table, the company has shown a consistent growth in its revenue and profit in the last three fiscal years and the first half of FY22. The company’s revenue grew at a CAGR of 64.29% from FY19 to FY21, while its PAT grew at a CAGR of 103.86% in the same period.
The company’s EPS also increased from Rs 1.77 in FY19 to Rs 7.44 in FY21, indicating an improvement in its earnings per share. The company’s RoNW and net margin also remained high and stable, reflecting its profitability and efficiency.
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Key things to watch out for RBZ Jewellers Stock
Some of the key things that investors should watch out for RBZ Jewellers Stock are:
- The response and demand for the IPO, which will indicate the market sentiment and valuation of the company.
- The utilization and deployment of the IPO proceeds, which will determine the company’s growth and expansion plans.
- The growth and performance of the retail segment, which is the company’s focus area and has a higher margin potential than the wholesale segment.
- The diversification and innovation of the product portfolio, which will enable the company to cater to the changing consumer preferences and trends in the jewellery industry.
- The impact of gold prices and exchange rates on the company’s revenue and profitability, which may vary depending on the market conditions and the company’s hedging strategies.
Final Thoughts on RBZ Jewellers share price target 2024, 2025, 2026, 2030
RBZ Jewellers, a prominent player in India’s organized gold jewellery sector, is renowned for its exquisite antique bridal gold collections.
Financially, the company has demonstrated remarkable growth with a 64.29% CAGR in revenue and a 103.86% CAGR in PAT from FY19 to FY21. This growth trajectory is further evidenced by a notable rise in EPS from Rs 1.77 in FY19 to Rs 7.44 in FY21, coupled with consistently high RoNW and net margin percentages, underscoring its profitability and operational efficiency.
Looking ahead, RBZ Jewellers is well-positioned to capitalize on the jewellery industry’s projected growth of 13% CAGR through 2025. Its unique positioning in the antique gold jewellery segment, plans for retail expansion, advanced manufacturing capabilities, and a broadening product portfolio present significant opportunities for market share and revenue growth.
However, the company must navigate challenges including intense industry competition, regulatory complexities, and vulnerabilities to gold price and exchange rate fluctuations. Addressing these challenges through maintaining high standards, regulatory compliance, and strategic risk management is crucial.
In terms of investment, RBZ Jewellers’ IPO is attractively priced at Rs 95-100 per share, suggesting a competitive P/E ratio of 12.78-13.44 based on FY22’s annualized EPS. This valuation is notably lower than its peers, hinting at the company’s potential undervaluation and presenting an appealing investment proposition..
FAQs on RBZ Jewellers share price target 2024, 2025, 2026, 2030
What is RBZ Jewellers share price target 2024?
In 2024, analysts estimated RBZ Jewellers share price target to span from a minimum of ₹80 to a maximum of ₹95, while setting an average target at ₹88.
What is RBZ Jewellers share price target 2025?
In 2025, analysts expected RBZ Jewellers share price target to fall within the range of ₹100 at the minimum to ₹119 at the maximum, while establishing an average target of ₹109.
What is RBZ Jewellers share price target 2026?
During 2026, RBZ Jewellers share price target was approximated to include a minimum target of ₹125, a maximum target of ₹148, and an average target of ₹137.
What is RBZ Jewellers share price target 2030?
In the year 2030, analysts anticipated that RBZ Jewellers share price would range from ₹305 at the lower end to ₹362 at the upper end, with an average target set at ₹334.
