Vega Jewellers Ltd
Incorporated in 1982, Vega Jewellers Ltd is in the business of jewellery retailing.[1]
- Market Cap ₹ 315 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 65.0 / 38.7
- Stock P/E 10.4
- Book Value ₹ 16.9
- Dividend Yield 0.00 %
- ROCE 33.5 %
- ROE 44.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 228% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -3.15%
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 71 | 98 | 36 | 38 | 25 | 4 | 2 | 0 | 0 | 0 | 10 | 597 | 683 | |
| 69 | 97 | 35 | 38 | 25 | 4 | 2 | 0 | 0 | 0 | 10 | 555 | 629 | |
| Operating Profit | 2 | 1 | 1 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 | 42 | 54 |
| OPM % | 2.6% | 1.1% | 2.2% | 1.3% | 1.8% | -5% | -6% | -100% | -1.1% | 7% | 8% | ||
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 4 |
| Profit before tax | 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 31 | 41 |
| Tax % | 19% | 8% | 100% | 0% | 5% | 0% | 0% | -67% | 124% | 26% | 22% | 27% | |
| 0 | -0 | 0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | 0 | 23 | 30 | |
| EPS in Rs | 0.88 | -0.54 | 0.00 | -0.38 | 1.54 | -0.79 | -0.25 | 0.62 | -1.58 | 0.67 | 0.79 | 4.46 | 6.06 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 210% |
| 3 Years: | % |
| TTM: | 468% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 68% |
| 5 Years: | 228% |
| 3 Years: | 295% |
| TTM: | 874% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 60% |
| Return on Equity | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 34% |
| 3 Years: | 37% |
| Last Year: | 45% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 15 | 76 |
| 18 | 8 | 10 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137 | |
| 9 | 13 | 3 | 6 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 145 | |
| Total Liabilities | 30 | 24 | 15 | 18 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 367 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33 |
| 30 | 23 | 15 | 17 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 310 | |
| Total Assets | 30 | 24 | 15 | 18 | 4 | 4 | 3 | 3 | 2 | 3 | 18 | 367 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -5 | 11 | -2 | 2 | 2 | -0 | -0 | -0 | -0 | -0 | 0 | -128 | |
| 1 | 0 | 1 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -43 | |
| 4 | -12 | 1 | -2 | -2 | -0 | 0 | 0 | 0 | 0 | 13 | 160 | |
| Net Cash Flow | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 14 | -11 |
| Free Cash Flow | -5 | 11 | -2 | 2 | 2 | -0 | -0 | -0 | -0 | -0 | 0 | -139 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -299% | 1,107% | -212% | 454% | 472% | 11% | 92% | 217% | 80% | 73% | -364% | -305% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 83 | 146 | 154 | 23 | 0 | 2 | 0 | 92 | 0 | ||
| Inventory Days | 6 | 0 | 0 | 0 | 0 | 1 | 2 | 24 | 201 | |||
| Days Payable | 41 | 56 | 3 | 1 | 2 | 59 | 53 | |||||
| Cash Conversion Cycle | 98 | 83 | 146 | 98 | 21 | 0 | 2 | 0 | 57 | 148 | ||
| Working Capital Days | 9 | 7 | 24 | 22 | 36 | 253 | 433 | 3,042 | 56 | 40 | ||
| ROCE % | 12% | 8% | 10% | 9% | 7% | -6% | -2% | 4% | -7% | 10% | 3% | 34% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Vega Jewellers J Hills LLP turnover INR Crore |
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| Number of cities with Vega Group stores count |
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| Number of operating Vega Group entities count |
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| Number of states of operation count |
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| Number of showrooms count |
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Extracted by Screener AI
Documents
Announcements
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Regulation 30 Disclosure Outcome Of Board Meeting Held On 19.10.2026
- Board approved raising Vega Jewellers J Hills LLP stake to 89.98% with Rs 8.998 crore investment.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 19.10.2026.
- Board approved raising Vega Jewellers J Hills LLP stake to 89.98% and shifting Mumbai registered office from December 28, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Compliance Certificate under Reg 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended 30.09.2026.
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
- Shareholders approved new MOA at 44th AGM on 29.09.2026, updating objects for jewellery business.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2011
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Annual Report 2010
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Annual Report 2009
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Annual Report 2008
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Annual Report 2007
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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