Vega Jewellers Ltd
Incorporated in 1982, Vega Jewellers Ltd is in the business of jewellery retailing.[1]
- Market Cap ₹ 318 Cr.
- Current Price ₹ 312
- High / Low ₹ 312 / 23.3
- Stock P/E 20.0
- Book Value ₹ 63.4
- Dividend Yield 0.00 %
- ROCE 2.53 %
- ROE 2.09 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 1.49% over last quarter.
Cons
- Stock is trading at 4.93 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of -0.22% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 71 | 98 | 36 | 38 | 25 | 4 | 2 | 0 | 0 | 0 | 10 | 419 | |
| 58 | 69 | 97 | 35 | 38 | 25 | 4 | 2 | 0 | 0 | 0 | 10 | 390 | |
| Operating Profit | 1 | 2 | 1 | 1 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | 29 |
| OPM % | 2% | 3% | 1% | 2% | 1% | 2% | -5% | -6% | -100% | -1% | 7% | ||
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before tax | 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 22 |
| Tax % | 39% | 19% | 8% | 100% | 0% | 5% | 0% | 0% | -67% | 124% | 26% | 22% | |
| 0 | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 16 | |
| EPS in Rs | 2.29 | 4.38 | -2.71 | 0.00 | -1.88 | 7.71 | -3.96 | -1.25 | 3.12 | -7.92 | 3.33 | 3.96 | 16.60 |
| Dividend Payout % | 44% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | 24% |
| 3 Years: | 456% |
| TTM: | 8132% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 25% |
| 3 Years: | 8% |
| TTM: | 5564% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 1267% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 10 |
| Reserves | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 15 | 52 |
| 12 | 18 | 8 | 10 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108 | |
| 7 | 9 | 13 | 3 | 6 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 144 | |
| Total Liabilities | 22 | 30 | 24 | 15 | 18 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 313 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31 |
| 22 | 30 | 23 | 15 | 17 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 264 | |
| Total Assets | 22 | 30 | 24 | 15 | 18 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 313 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -5 | 11 | -2 | 2 | 2 | -0 | -0 | -0 | -0 | -0 | 0 | |
| 0 | 1 | 0 | 1 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| -1 | 4 | -12 | 1 | -2 | -2 | -0 | 0 | 0 | 0 | 0 | 13 | |
| Net Cash Flow | 1 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 95 | 133 | 83 | 146 | 154 | 23 | 0 | 2 | 0 | 92 | ||
| Inventory Days | 3 | 6 | 0 | 0 | 0 | 0 | 1 | 2 | 24 | |||
| Days Payable | 36 | 41 | 56 | 3 | 1 | 2 | 59 | |||||
| Cash Conversion Cycle | 62 | 98 | 83 | 146 | 98 | 21 | 0 | 2 | 0 | 57 | ||
| Working Capital Days | 4 | 9 | 7 | 24 | 22 | 36 | 253 | 433 | 3,042 | 56 | ||
| ROCE % | 9% | 12% | 8% | 10% | 9% | 7% | -6% | -2% | 4% | -7% | 10% | 3% |
Documents
Announcements
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Intimation Of Receipt Of Approval For Reclassification Application Under Regulation 31A (10) Of SEBI (LODR) Regulations, 2015.
1d - BSE approved reclassification of three promoters to public on Jan 29, 2026; no shareholding change recorded.
-
Intimation Of Receipt Of Approval For Reclassification Application Under Regulation 31A Of SEBI (LODR) Regulations, 2015
1d - BSE approved reclassification of promoter Mallinath Madineni to public; 6,986 shares (0.07%); approval dated 29 Jan 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper publication of Un-audited Financial results for the quarter and nine months ended 31.12.2025.
-
Submission Of The Un-Audited Financial Results And Limited Review Reports Of The Company As Per The Provisions Of Regulation 33 Of SEBI (LODR) Regulations, 2015 For The Quarter And Nine Months Ended 31St December, 2025
2d - Board approved Q3 and nine-month unaudited results; issued 5,00,000 warrants @Rs197.42; 25% subscription received.
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 29.01.2026 Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
2d - Board approved standalone and consolidated unaudited results for quarter and nine months ended Dec 31, 2025.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2009
from bse
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Financial Year 2008
from bse
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Financial Year 2007
from bse
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Financial Year 2006
from bse
Business Overview:[1]
VJL is in the business of design and retail of fine
jewellery, including gold, diamond, platinum, and
gemstone collections. It operates across Telangana, Andhra Pradesh with retail
stores, and limited exports to the USA