On January 12, 2024, RBZ Jewellers share price surged 10% in its trading session, rising from ₹211 (closing price on January 11) to ₹232 (closing price on January 12). Over the last three days, the company has seen a remarkable surge of over 40%. Additionally, since its listing at ₹99.75, RBZ Jewellers has achieved a significant growth of over 130%, reaching an all-time high of ₹232.5 in just 13 days.
In this article, we delve into a comprehensive analysis of RBZ Jewellers share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.
Table of Contents
About
RBZ Jewellers was listed on NSE,BSE on 27 Dec 2023. Founded in April 2008, RBZ Jewellers has emerged as a prominent player in the Indian gold jewellery manufacturing sector.
Distinguished as one of the largest manufacturers, the company specializes in crafting exquisite Antique Bridal Gold Jewellery. With a robust distribution network, RBZ Jewellers supplies its creations to reputable retailers nationwide and influential regional players.
The scope of its operations extends across 20 states and encompasses 72 cities within India. This geographical presence underscores the company’s commitment to delivering quality craftsmanship and design excellence throughout the nation.
| Founded | April 2008 |
| Listed On NSE, BSE | 27 Dec 2023 |
| Chairman & MD | Rajendra Zaveri |
| Sector | Gold Jewellery Manufacturing |
| Headquarters | Ahmedabad, Gujarat |
Financial Details
As of the latest financial reporting, RBZ Jewellers demonstrates a Market Cap of ₹929 Cr., signifying its overall market valuation. The stock’s P/E ratio of 41.5 underscores investor confidence and expectations for future earnings.
Noteworthy financial metrics include a robust ROCE of 23.6% and an impressive ROE of 27.5%, indicating efficient capital utilization and strong returns for shareholders.
Maintaining a prudent financial structure, the company boasts a Debt-to-Equity ratio of 0.98, with a reported debt of ₹102 Cr.
Foreign Institutional Investors (FII) hold a 4.59% stake, while Domestic Institutional Investors (DII) hold 4.16%.
The EPS stands at ₹7.44, representing earnings per outstanding share. Although specific details on sales growth are not provided, it remains a crucial factor in assessing RBZ Jewellers’ overall financial health and performance.
| Market Cap | ₹ 929 Cr. | Stock P/E | 41.5 |
| ROCE | 23.6 % | ROE | 27.5 % |
| Debt to equity | 0.98 | Debt | ₹ 102 Cr. |
| FII Holding | 4.59 % | DII Holding | 4.16 % |
| EPS | ₹ 7.44 | Sales growth | 14.2 % |
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Financial Statement
In 2023, RBZ Jewellers experienced a remarkable upswing in net sales, reaching ₹288 Crores, compared to ₹252 Crores in 2022 and ₹107 Crores in 2021.
The total expenditure increased to ₹250 Crores in 2023, signifying heightened operational activities.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 288 | 252 | 107 |
| Total Expenditure | 250 | 225 | 87 |
| Profit After Tax | 22 | 14 | 10 |
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Table of Share Price Target For RBZ Jewellers Ltd.
As of January 12, 2024, RBZ Jewellers’ current stock price stands at ₹232.
| Year | Lower Target | Higher Target |
|---|---|---|
| current price (on 12 Jan 24) | ₹ 232 | – |
| 2024 | ₹ 353 | ₹ 406 |
| 2025 | ₹ 520 | ₹ 618 |
| 2026 | ₹ 650 | ₹ 711 |
| 2027 | ₹ 740 | ₹ 874 |
| 2030 | ₹ 1352 | ₹ 1532 |
| 2040 | ₹ 4230 | ₹ 4540 |
| 2050 | ₹ 11638 | ₹ 13890 |
RBZ Jewellers 2024 Share Price Target:
- Minimum Target: ₹353
- Maximum Target: ₹406
- Current Price (as of January 12, 2024): ₹ 232
In the upcoming year, RBZ Jewellers is anticipated to maintain a price range between ₹353 and ₹406, with the current market price standing at ₹232.
RBZ Jewellers 2025 Share Price Target:
- Minimum Target: ₹520
- Maximum Target: ₹618
Moving into 2025, the projected price range widens, reaching between ₹520 and ₹618.
RBZ Jewellers 2026 Share Price Target:
- Minimum Target: ₹650
- Maximum Target: ₹711
Further into the future, specifically in 2026, the anticipated price range expands to ₹650 to ₹711.
RBZ Jewellers 2027 Share Price Target:
- Minimum Target: ₹740
- Maximum Target: ₹874
By 2027, RBZ Jewellers’ share price is expected to aim for a range of ₹740 to ₹874.
RBZ Jewellers 2030 Share Price Target:
- Minimum Target: ₹1352
- Maximum Target: ₹1532
Looking ahead to 2030, the minimum and maximum targets extend to ₹1352 and ₹1532, respectively.
RBZ Jewellers 2040 Share Price Target:
- Minimum Target: ₹4230
- Maximum Target: ₹4540
In the long term, by 2040, RBZ Jewellers is anticipated to potentially reach a price range between ₹4230 and ₹4540.
RBZ Jewellers 2050 Share Price Target:
- Minimum Target: ₹11638
- Maximum Target: ₹13890
Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹11638 to ₹13890.
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Conclusion – Buy Or Not
Wait for a pullback and consolidation, RBZ Jewellers has shown upward momentum for 13 consecutive days. Allow consolidation before entering any positions. Due to recent listing, exercise caution to prevent potential stock market losses.
Disclaimer
Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls.. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.
What are the projected share price targets for RBZ Jewellers at the end of 2024?
The minimum target by the end of 2024 is ₹353, and the maximum target is ₹406.
What are the minimum and maximum share price targets for RBZ Jewellers in 2025?
The minimum target for 2025 is ₹520, and the maximum target is ₹618.
What are the anticipated share price targets for RBZ Jewellers in 2026?
The minimum target for 2026 is ₹650, and the maximum target is ₹711.
What are the minimum and maximum share price targets for RBZ Jewellers in 2027?
In 2027, the minimum target is ₹740, and the maximum target is ₹874.
What are the minimum and maximum share price targets for RBZ Jewellers in 2030?
Looking ahead to 2030, the minimum and maximum targets extend to ₹1352 and ₹1532, respectively.
