T B Z

  • Market Cap: Small Cap
  • Industry: Gems, Jewellery And Watches
  • ISIN: INE760L01018
  • NSEID: TBZ
  • BSEID: 534369
INR
168.10
3.55 (2.16%)
BSENSE

Jan 20

BSE+NSE Vol: 25.71 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-recommendationUpcoming Result: T B Z will declare its result soon on 20 Jan 2026
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

25.71 lacs (87.90%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 3 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

74.12%

how big is T B Z?

06-Jun-2025

As of October 2023, Tribhovandas Bhimji Zaveri Ltd has a market capitalization of ₹1,252.00 Cr and reported net sales of ₹2,620.48 Cr and net profit of ₹68.39 Cr over the latest four quarters.

Market Cap: Tribhovandas Bhimji Zaveri Ltd has a market capitalization of 1,252.00 Cr and is classified as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 2,620.48 Cr. The sum of Net Profit for the same period is 68.39 Cr. This data is Consolidated.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'24. The Shareholder's Funds amount to 601.53 Cr, and the Total Assets are valued at 1,452.24 Cr.

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When is the next results date for T B Z?

06-Jun-2025

No Upcoming Board Meetings

Who are in the management team of T B Z?

06-Jun-2025

As of March 2023, the management team of T B Z includes Shrikant G Zaveri (Chairman & Managing Director), Binaisha Zaveri, Raashi Zaveri (both Whole-time Directors), and several independent directors: Kamlesh Vikamsey, Ajay Mehta, Sudha Navandar, and R D Chandak, along with Niraj Oza as Company Secretary & Compliance Officer.

As of March 2023, the management team of T B Z includes:<BR><BR>1. Shrikant G Zaveri - Chairman & Managing Director<BR>2. Binaisha Zaveri - Whole-time Director<BR>3. Raashi Zaveri - Whole-time Director<BR>4. Kamlesh Vikamsey - Independent Director<BR>5. Ajay Mehta - Independent Director<BR>6. Niraj Oza - Company Secretary & Compliance Officer<BR>7. Sudha Navandar - Independent Director<BR>8. R D Chandak - Independent Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and operational management of the company.

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What does T B Z do?

06-Jun-2025

Tribhovandas Bhimji Zaveri Ltd (TBZ) is a prominent player in the organised jewellery market with a legacy of over 150 years, reporting net sales of ₹529 Cr and a net profit of ₹9 Cr for Q1 2025. The company has a market cap of ₹1,264 Cr and key metrics include a P/E ratio of 18.00 and a dividend yield of 0.91%.

Overview:<BR>Tribhovandas Bhimji Zaveri Ltd (TBZ) is a leading player in the organised jewellery markets, operating within the Gems, Jewellery and Watches industry and categorized as a Small Cap company.<BR><BR>History:<BR>Incorporated in July 2007, TBZ has a legacy of over 150 years. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 529 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 9 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 1,264 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 18.00 <BR>Industry P/E: 70 <BR>Dividend Yield: 0.91% <BR>Debt-Equity: 1.06 <BR>Return on Equity: 10.41% <BR>Price to Book: 1.91 <BR><BR>Contact Details:<BR>Address: 241/43 Zaveri Bazaar, Mumbai Maharashtra: 400002 <BR>Tel: 91-22-39565001/40465000/01 <BR>Email: investors@tbzoriginal.com <BR>Website: http://www.tbztheoriginal.com

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Has T B Z declared dividend?

06-Jun-2025

Yes, Tribhovandas Bhimji Zaveri Ltd has declared a 17% dividend, amounting to ₹1.7 per share, with an ex-date of September 3, 2024. Despite a recent price decline, the company has shown strong total returns over longer periods, particularly a 496.92% return over the last five years.

Tribhovandas Bhimji Zaveri Ltd has declared a 17% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 17%<BR>- Amount per share: 1.7<BR>- Ex-date: 03 Sep 2024<BR><BR>Dividend Yield: 0.91%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -28.54%, the dividend return was 0%, resulting in a total return of -28.54%.<BR><BR>Over the past year, the price return was 84.36%, the dividend return was 1.58%, leading to a total return of 85.94%.<BR><BR>In the 2-year period, the price return reached 146.67%, with a dividend return of 3.95%, culminating in a total return of 150.62%.<BR><BR>For the 3-year period, the price return was 222.36%, the dividend return was 7.13%, resulting in a total return of 229.49%.<BR><BR>In the last 4 years, the price return was 126.04%, with a dividend return of 8.60%, leading to a total return of 134.64%.<BR><BR>Over the past 5 years, the price return was 473.57%, and the dividend return was 23.35%, resulting in a total return of 496.92%.<BR><BR>Overall, Tribhovandas Bhimji Zaveri Ltd has declared a dividend while showing significant total returns over longer periods, particularly in the last five years, indicating strong performance despite recent short-term fluctuations.

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Who are the peers of the T B Z?

03-Jun-2025

T B Z's peers include Titan Company, Kalyan Jewellers, PC Jeweller, P N Gadgil Jewellers, Ethos Ltd, Asian Star Co., Manoj Vaibhav, Radhika Jeweltec, and PNGS Gargi FJ. While T B Z has below-average growth and capital structure, its 1-year return is 79.62%, lower than PC Jeweller's 154.87% but higher than Asian Star Co.'s -8.12%.

Peers: The peers of T B Z are Titan Company, Kalyan Jewellers, PC Jeweller, P N Gadgil Jewe., Ethos Ltd, Asian Star Co., Manoj Vaibhav, Radhika Jeweltec, and PNGS Gargi FJ.<BR><BR>Quality Snapshot: Excellent management risk is observed at Titan Company, Kalyan Jewellers, P N Gadgil Jewe., while Average management risk is found at Ethos Ltd, Asian Star Co., Manoj Vaibhav, Radhika Jeweltec, PNGS Gargi FJ, and T B Z. Growth is Excellent for Titan Company, Kalyan Jewellers, P N Gadgil Jewe., Ethos Ltd, and PNGS Gargi FJ, while Below Average growth is noted for T B Z, PC Jeweller, Asian Star Co., Manoj Vaibhav. Capital Structure is Excellent at P N Gadgil Jewe. and Radhika Jeweltec, Good at Titan Company, Ethos Ltd, Asian Star Co., while Below Average is seen at Kalyan Jewellers, PC Jeweller, T B Z.<BR><BR>Return Snapshot: The peer with the highest 1-year return is PC Jeweller at 154.87%, while Asian Star Co. has the lowest at -8.12%. T B Z's 1-year return is 79.62%, which is significantly lower than PC Jeweller's but higher than Asian Star Co.'s. Additionally, Kalyan Jewellers, PC Jeweller, P N Gadgil Jewe., Ethos Ltd, Asian Star Co., Radhika Jeweltec, and PNGS Gargi FJ all have negative six-month returns.

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Who are the top shareholders of the T B Z?

17-Jul-2025

The top shareholder of T B Z is Shrikant Gopaldas Zaveri, holding 50.06%. Other notable shareholders include Malabar Gold at 3.04% and individual investors with a combined 17.78%, while 6 foreign institutional investors hold 0.63%.

The top shareholders of T B Z include Shrikant Gopaldas Zaveri, who is the promoter with the highest holding at 50.06%. Other significant shareholders include Malabar Gold, which holds 3.04%, and individual investors collectively holding 17.78%. Additionally, there are 6 foreign institutional investors (FIIs) that hold 0.63% of the company. There are no mutual funds currently holding shares in T B Z.

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Is T B Z overvalued or undervalued?

07-Nov-2025

As of November 6, 2025, T B Z is considered an attractive investment due to its undervalued financial ratios, including a PE ratio of 16.76, despite a 30.76% decline in stock performance over the past year.

As of 6 November 2025, the valuation grade for T B Z has moved from very attractive to attractive. The company is currently considered undervalued based on its financial ratios, with a PE ratio of 16.76, an EV to EBITDA ratio of 10.45, and a PEG ratio of 0.73. In comparison to its peers, Titan Company has a significantly higher PE ratio of 81.21, while Kalyan Jewellers is deemed expensive with a PE of 66.06, indicating that T B Z is positioned favorably within its industry.<BR><BR>Despite recent stock performance showing a decline of 30.76% over the past year compared to a 3.65% increase in the Sensex, T B Z's strong ratios suggest it remains an attractive investment opportunity. The company's ROCE stands at 10.92%, and its dividend yield is 1.19%, further supporting the notion that it is undervalued relative to its peers and the broader market.

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How has been the historical performance of T B Z?

24-Nov-2025

T B Z has shown consistent growth in net sales and profits, with net sales increasing from 1,341.99 Cr in March 2021 to 2,620.48 Cr in March 2025, and profit after tax rising to 68.39 Cr. However, cash flow from operating activities declined to -26.00 Cr in March 2025.

Answer:<BR>The historical performance of T B Z shows a consistent growth trend in net sales and profits over the years, with the latest figures for March 2025 indicating net sales of 2,620.48 Cr and a profit after tax of 68.39 Cr.<BR><BR>Breakdown:<BR>T B Z has demonstrated significant growth in net sales, increasing from 1,341.99 Cr in March 2021 to 2,620.48 Cr in March 2025. This upward trend is accompanied by a rise in total operating income, which reached 2,620.48 Cr in March 2025, up from 1,341.99 Cr in March 2021. The company's operating profit (PBDIT) also improved, reaching 177.30 Cr in March 2025 compared to 84.04 Cr in March 2022. Profit before tax rose to 95.76 Cr in March 2025, reflecting a steady increase from 25.95 Cr in March 2022. The profit after tax followed suit, climbing to 68.39 Cr in March 2025 from 20.18 Cr in March 2022. On the balance sheet, total assets increased to 1,762.56 Cr in March 2025, while total liabilities also rose to 1,762.56 Cr, indicating a balanced growth. Cash flow from operating activities, however, showed a decline to -26.00 Cr in March 2025, contrasting with a positive cash flow of 39.00 Cr in March 2024. Overall, T B Z's financial performance reflects a robust growth trajectory in sales and profits, despite some challenges in cash flow management.

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Is T B Z technically bullish or bearish?

25-Nov-2025

As of November 24, 2025, T B Z's technical trend has shifted to a bearish stance with moderate strength, indicated by bearish weekly MACD, daily moving averages, and Bollinger Bands, alongside significant underperformance compared to the Sensex.

As of 24 November 2025, the technical trend for T B Z has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include the weekly MACD, which is bearish, and the daily moving averages also indicating a bearish trend. Additionally, both the weekly and monthly Bollinger Bands are bearish, reinforcing the negative outlook. The KST is bearish on the weekly and mildly bearish on the monthly, while the Dow Theory shows a mildly bearish stance on the weekly and monthly time frames. The stock has underperformed significantly compared to the Sensex over various periods, particularly year-to-date and over the past year.

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Why is Tribhovandas Bhimji Zaveri Ltd falling/rising?

19-Jan-2026

As of 19-Jan, Tribhovandas Bhimji Zaveri Ltd's stock price is rising to 165.65, reflecting a 1.25% increase despite earlier losses. This short-term gain is supported by strong financial results, but long-term concerns remain due to past underperformance and high debt levels.

As of 19-Jan, Tribhovandas Bhimji Zaveri Ltd's stock price is rising, currently at 165.65, reflecting a change of 2.05 (1.25%) upward. This increase comes despite the stock opening with a loss of -2.11% earlier in the day. The stock has shown a significant intraday high of Rs 172.6, indicating a potential recovery from its low of Rs 160.15.<BR><BR>In terms of performance, the stock has outperformed its sector by 2.42% today, which suggests a positive sentiment among investors despite the earlier decline. Additionally, the company has reported positive financial results, including a substantial growth in profit before tax (PBT) by 150.72% and a high return on capital employed (ROCE) of 12.59%. These factors contribute to a more attractive valuation, as the stock is trading at a discount compared to its peers.<BR><BR>However, it is important to note that the stock has underperformed over the past year, with a return of -19.57% compared to the Sensex's gain of 8.65%. This long-term underperformance may still weigh on investor sentiment. Furthermore, there are concerns regarding the company's high debt to EBITDA ratio of 4.24 times, indicating a low ability to service debt, which could impact future performance.<BR><BR>Overall, the current rise in the stock price can be attributed to positive short-term performance and favorable financial results, despite ongoing concerns about its long-term viability and market position.

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Are Tribhovandas Bhimji Zaveri Ltd latest results good or bad?

20-Jan-2026

Tribhovandas Bhimji Zaveri Ltd's latest Q2 FY26 results are strong, with a net profit of ₹31.53 crore and a 21.30% revenue growth, but the company faces challenges with negative operating cash flow of ₹26 crore, indicating a need for improved working capital management.

Tribhovandas Bhimji Zaveri Ltd's latest results for Q2 FY26 indicate a strong performance overall. The company reported a net profit of ₹31.53 crore, which represents a remarkable year-on-year growth of 163.41%. This significant increase in profitability is complemented by a revenue growth of 21.30%, reaching ₹687.83 crore, showcasing sustained consumer demand for jewellery products.<BR><BR>Additionally, the operating margin improved to 9.33%, marking the highest level in eight quarters, which reflects better operational efficiency and cost management. The profit after tax margin also expanded to 4.58%, up from 2.11% in the same quarter last year.<BR><BR>Despite these positive results, it's important to note that the company has faced challenges in cash flow generation, reporting negative operating cash flow of ₹26 crore for FY25. This raises concerns about working capital management, especially given the jewellery business's inherent need for substantial inventory.<BR><BR>In summary, while the latest results are strong and suggest a potential turnaround in operational performance, the company must address cash flow issues and maintain its momentum to ensure sustained growth moving forward.

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Should I buy, sell or hold Tribhovandas Bhimji Zaveri Ltd?

20-Jan-2026
iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

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Dashboard

1

Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.24 times

  • Low ability to service debt as the company has a high Debt to EBITDA ratio of 4.24 times
  • The company has been able to generate a Return on Equity (avg) of 9.60% signifying low profitability per unit of shareholders funds
2

With a growth in Net Profit of 169.85%, the company declared Very Positive results in Dec 25

3

With ROCE of 13, it has a Very Attractive valuation with a 1.3 Enterprise value to Capital Employed

4

Despite the size of the company, domestic mutual funds hold only 0% of the company

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Gems, Jewellery And Watches

stock-summary
Market cap

INR 1,123 Cr (Small Cap)

stock-summary
P/E

12.00

stock-summary
Industry P/E

62

stock-summary
Dividend Yield

1.33%

stock-summary
Debt Equity

1.05

stock-summary
Return on Equity

13.42%

stock-summary
Price to Book

1.59

Revenue and Profits:
Net Sales:
1,061 Cr
(Quarterly Results - Dec 2025)
Net Profit:
81 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (1.33%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-8.79%
0%
-8.79%
6 Months
-16.08%
1.12%
-14.96%
1 Year
-19.07%
1.25%
-17.82%
2 Years
24.75%
2.97%
27.72%
3 Years
122.65%
7.69%
130.34%
4 Years
93.78%
8.43%
102.21%
5 Years
112.52%
11.35%
123.87%

Latest dividend: 2.2 per share ex-dividend date: Sep-02-2025

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

Board Meeting Intimation for Financial Results

13-Jan-2026 | Source : BSE

Tribhovandas Bhimji Zaveri Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/01/2026 inter alia to consider and approve To consider and approve the financial results for the quarter ended December 31 2025.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

12-Jan-2026 | Source : BSE

Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

General-Updates

09-Jan-2026 | Source : BSE

Intimation about winning award by Mr. Shrikant Zaveri CMD of the Company in the award function of Retail Jeweller MD & CEO Awards 2026.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

(20 Jan 2026)

stock-summary
DIVIDEND

Tribhovandas Bhimji Zaveri Ltd has declared 22% dividend, ex-date: 02 Sep 25

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
15.63%
EBIT Growth (5y)
23.30%
EBIT to Interest (avg)
2.41
Debt to EBITDA (avg)
4.77
Net Debt to Equity (avg)
1.05
Sales to Capital Employed (avg)
1.75
Tax Ratio
26.37%
Dividend Payout Ratio
21.95%
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
9.39%
ROE (avg)
9.60%

Valuation key factors

Factor
Value
P/E Ratio
12
Industry P/E
62
Price to Book Value
1.61
EV to EBIT
9.98
EV to EBITDA
8.67
EV to Capital Employed
1.30
EV to Sales
0.67
PEG Ratio
0.25
Dividend Yield
1.31%
ROCE (Latest)
13.01%
ROE (Latest)
13.42%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bearish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 3 FIIs (0.0%)

Promoter with highest holding

Shrikant Gopaldas Zaveri (50.06%)

Highest Public shareholder

Malabar Gold And Diamonds (2.89%)

Individual Investors Holdings

18.1%

stock-summaryFinancial
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          "val2": "139.34",
          "chgp": "24.11%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "56.11",
          "val2": "49.82",
          "chgp": "12.63%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "68.39",
          "val2": "54.43",
          "chgp": "25.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "6.60%",
          "val2": "6.06%",
          "chgp": "0.54%",
          "chgp_class": "positive"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
1,061.43
927.85
14.40%
Operating Profit (PBDIT) excl Other Income
131.16
60.13
118.13%
Interest
18.51
13.21
40.12%
Exceptional Items
0.00
0.00
Consolidate Net Profit
80.63
29.88
169.85%
Operating Profit Margin (Excl OI)
12.36%
6.48%
5.88%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is 14.40% vs 25.21% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is 169.85% vs 39.37% in Dec 2024

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
1,311.84
1,163.29
12.77%
Operating Profit (PBDIT) excl Other Income
117.33
76.58
53.21%
Interest
34.15
25.90
31.85%
Exceptional Items
0.00
0.00
Consolidate Net Profit
54.03
29.02
86.18%
Operating Profit Margin (Excl OI)
8.94%
6.58%
2.36%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 12.77% vs 10.64% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is 86.18% vs 42.39% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
2,373.27
2,091.14
13.49%
Operating Profit (PBDIT) excl Other Income
248.49
136.71
81.76%
Interest
52.66
39.11
34.65%
Exceptional Items
0.00
0.00
Consolidate Net Profit
134.66
58.90
128.62%
Operating Profit Margin (Excl OI)
10.47%
6.54%
3.93%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 13.49% vs 16.67% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 128.62% vs 40.84% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
2,620.48
2,298.94
13.99%
Operating Profit (PBDIT) excl Other Income
172.94
139.34
24.11%
Interest
56.11
49.82
12.63%
Exceptional Items
0.00
0.00
Consolidate Net Profit
68.39
54.43
25.65%
Operating Profit Margin (Excl OI)
6.60%
6.06%
0.54%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 13.99% vs -3.96% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 25.65% vs 35.43% in Mar 2024

stock-summaryCompany CV
About Tribhovandas Bhimji Zaveri Ltd stock-summary
stock-summary
Tribhovandas Bhimji Zaveri Ltd
Small Cap
Gems, Jewellery And Watches
Tribhovandas Bhimji Zaveri Ltd (TBZ), incorporated in July 2007, is a leading player in the organised jewellery markets with a legacy of dating back over 150 years. The Company was the first in India to promote the concept of lightweight precious jewellery, offer lifetime buyback on gold and diamond jewellery, provide certified solitaire diamonds and introduce 100% BIS hallmarked 22 karat gold jewellery.
Company Coordinates stock-summary
Company Details
241/43 Zaveri Bazaar , Mumbai Maharashtra : 400002
stock-summary
Tel: 91-22-39565001/40465000/01
stock-summary
investors@tbzoriginal.com
Registrar Details
Karvy Computershare Pvt Ltd, Plot No 17-24 , Near Image Hospital,, Reliance Cybervilae,Vithalrao Nagar,, Madhapur, Hyderabad