Vaibhav Global Ltd
Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK. [1]
- Market Cap ₹ 4,284 Cr.
- Current Price ₹ 258
- High / Low ₹ 357 / 178
- Stock P/E 28.0
- Book Value ₹ 81.2
- Dividend Yield 2.34 %
- ROCE 14.1 %
- ROE 11.7 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 79.0%
Cons
- Stock is trading at 3.12 times its book value
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of 10.6% over last 3 years.
* 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
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,298 | 1,376 | 1,277 | 1,439 | 1,571 | 1,814 | 1,986 | 2,540 | 2,752 | 2,691 | 3,041 | 3,380 | |
1,155 | 1,242 | 1,218 | 1,353 | 1,422 | 1,611 | 1,725 | 2,170 | 2,471 | 2,491 | 2,772 | 3,090 | |
Operating Profit | 143 | 134 | 58 | 86 | 148 | 203 | 262 | 370 | 281 | 200 | 269 | 289 |
OPM % | 11% | 10% | 5% | 6% | 9% | 11% | 13% | 15% | 10% | 7% | 9% | 9% |
34 | 13 | 17 | 16 | 10 | 14 | 14 | 18 | 50 | 28 | 19 | 28 | |
Interest | 14 | 7 | 7 | 6 | 4 | 5 | 9 | 5 | 6 | 8 | 12 | 15 |
Depreciation | 7 | 12 | 24 | 29 | 25 | 25 | 31 | 39 | 55 | 78 | 93 | 102 |
Profit before tax | 155 | 128 | 45 | 66 | 129 | 188 | 236 | 344 | 271 | 141 | 182 | 200 |
Tax % | 2% | 19% | 11% | 2% | 13% | 18% | 20% | 21% | 12% | 26% | 30% | 24% |
153 | 103 | 40 | 65 | 112 | 154 | 190 | 272 | 237 | 105 | 127 | 153 | |
EPS in Rs | 9.48 | 6.37 | 2.45 | 3.97 | 6.90 | 9.43 | 11.77 | 16.70 | 14.50 | 6.36 | 7.72 | 9.22 |
Dividend Payout % | 2% | 9% | 0% | 0% | 0% | 21% | 57% | 30% | 41% | 94% | 78% | 65% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 7% |
TTM: | 11% |
Compounded Profit Growth | |
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10 Years: | 4% |
5 Years: | -4% |
3 Years: | -10% |
TTM: | 16% |
Stock Price CAGR | |
---|---|
10 Years: | 8% |
5 Years: | 3% |
3 Years: | -9% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 16% |
3 Years: | 11% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 32 | 32 | 32 | 33 | 33 | 33 | 32 | 33 | 33 | 33 | 33 | 33 |
Reserves | 201 | 296 | 335 | 402 | 518 | 664 | 719 | 931 | 1,094 | 1,168 | 1,225 | 1,317 |
124 | 76 | 112 | 85 | 67 | 66 | 102 | 124 | 165 | 193 | 218 | 228 | |
121 | 126 | 140 | 157 | 146 | 179 | 238 | 307 | 394 | 392 | 405 | 462 | |
Total Liabilities | 478 | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,881 | 2,040 |
66 | 76 | 126 | 126 | 120 | 116 | 154 | 163 | 467 | 507 | 616 | 576 | |
CWIP | 0 | 1 | 3 | 0 | 0 | 1 | 9 | 29 | 27 | 5 | 6 | 1 |
Investments | 3 | 3 | 4 | 5 | 12 | 18 | 82 | 280 | 84 | 34 | 128 | 116 |
409 | 450 | 487 | 545 | 632 | 807 | 847 | 923 | 1,108 | 1,241 | 1,131 | 1,348 | |
Total Assets | 478 | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,881 | 2,040 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
178 | 115 | -25 | 74 | 41 | 204 | 214 | 326 | 88 | 127 | 277 | 165 | |
-68 | -3 | -42 | -26 | -23 | -22 | -184 | -267 | -45 | 43 | -183 | -7 | |
-108 | -64 | 30 | -30 | -24 | -23 | -184 | -57 | -72 | -103 | -143 | -130 | |
Net Cash Flow | 2 | 49 | -37 | 19 | -6 | 159 | -155 | 1 | -29 | 68 | -49 | 28 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 19 | 13 | 19 | 24 | 30 | 24 | 25 | 24 | 31 | 33 | 38 | 35 |
Inventory Days | 166 | 187 | 277 | 221 | 227 | 239 | 220 | 180 | 231 | 238 | 202 | 219 |
Days Payable | 59 | 61 | 99 | 83 | 66 | 74 | 75 | 65 | 104 | 95 | 76 | 73 |
Cash Conversion Cycle | 126 | 139 | 197 | 162 | 191 | 189 | 170 | 139 | 158 | 176 | 164 | 181 |
Working Capital Days | 45 | 52 | 75 | 70 | 88 | 75 | 73 | 57 | 74 | 77 | 71 | 88 |
ROCE % | 50% | 35% | 11% | 15% | 23% | 27% | 30% | 36% | 21% | 11% | 14% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11h - Shop LC GmbH certified as 'Great Place to Work®', enhancing VGL's global workplace reputation.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
24 May - Annual Secretarial Compliance Report for FY ended 31 March 2025 submitted.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
22 May - Link to Q4 & FY25 earnings conference call audio recording provided.
- Intimation Of Record Date 22 May
- Announcement under Regulation 30 (LODR)-Investor Presentation 22 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025TranscriptNotesPPT
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Omni-Channel Retail Network
The company is an omnichannel E-tailer of fashion jewelry, accessories, and lifestyle products in developed markets with direct access to over 130 Mn households through its TV home shopping networks - Shop LC in the US, Shop TJC & Ideal World in the UK and Shop LC in Germany. It also operates e-commerce websites - www.shoplc.com & https://mindfulsouls.com/ in the US, www.tjc.co.uk & www.idealworld.tv/ in the UK, and www.shoplc.de in Germany, complementing its TV coverage. [1] [2]