Vaibhav Global Ltd

AI

Vaibhav Global Ltd

₹ 228 -2.19%
14 Aug - close price
About

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]

Key Points

Business Verticals:[1]
a) Fashion Jewellery and Gemstones:
The company has a diverse jewellery portfolio with 14,000–15,000 new designs launched annually and 30,000+ SKUs, supported by
in-house manufacturing and testing capabilities. The portfolio spans seven metals — Silver,
Gold, Platinum, Steel, Brass, Copper, and
Bronze- and includes a wide range of styles
such as cast, handmade, diamond-cut, and
bead jewellery, catering to varied consumer preferences.
b) Lifestyle Products:
A portfolio of ~5,000 unique SKUs supported
by innovation and a global sourcing network, offering a wide range of lifestyle products
beyond jewellery.

  • Market Cap 3,827 Cr.
  • Current Price 228
  • High / Low 293 / 174
  • Stock P/E 18.7
  • Book Value 52.4
  • Dividend Yield 2.63 %
  • ROCE 17.7 %
  • ROE 23.3 %
  • Face Value 2.00
Unsung hero
Bhogeswari Phukanani
Around the age of 60, she confronted an armed British officer who tried to seize the national flag from a procession. She was shot while protecting it.
Unsung hero
Baj Singh
Baj Singh migrated to America and gathered a large number of immigrants to join the freedom movement. He was an active member of the Ghadar Movement and faced rigorous imprisonment upon his return to India.

Pros

  • Company has delivered good profit growth of 31.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 97.0%

Cons

  • The company has delivered a poor sales growth of 6.25% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.203 Cr.
  • Debtor days have increased from 108 to 131 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
126 116 129 118 148 165 190 171 142 140 145 136 158
118 113 126 116 136 155 177 169 137 130 134 134 141
Operating Profit 8 3 3 2 12 11 13 2 5 10 11 2 17
OPM % 6% 2.9% 2.4% 1.7% 8% 6% 7% 1.0% 3.5% 7% 8% 1.3% 11%
5 22 5 22 5 50 31 86 10 63 33 103 5
Interest 2 2 2 2 2 2 2 3 2 2 3 2 2
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 9 22 3 20 13 57 40 83 11 69 40 100 18
Tax % 23% 4% 18% 1% 16% 5% 7% 1% 15% 3% 6% -43% 26%
7 21 3 20 11 54 37 83 9 67 38 143 13
EPS in Rs 0.42 1.25 0.17 1.20 0.66 3.25 2.20 4.97 0.54 4.01 2.25 8.57 0.79
Raw PDF

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
404 361 482 470 480 431 416 489 436 489 674 563 579
365 330 443 431 441 400 403 469 422 473 635 535 539
Operating Profit 39 32 38 39 40 31 12 20 14 16 39 28 40
OPM % 10% 9% 8% 8% 8% 7% 3.0% 4.1% 3.3% 3.4% 6% 5% 7%
12 7 3 4 9 112 46 101 100 53 169 208 203
Interest 5 4 5 3 4 6 2 3 4 7 9 10 9
Depreciation 6 6 8 4 4 4 5 6 7 8 7 8 8
Profit before tax 40 28 28 36 41 133 51 112 103 54 193 219 227
Tax % 25% 36% 21% 15% 19% 4% 8% -15% 3% 7% 4% -17%
30 18 22 31 33 127 47 129 100 50 184 257 261
EPS in Rs 1.85 1.12 1.37 1.89 2.02 7.88 2.88 7.86 6.05 3.03 11.07 15.36 15.62
Dividend Payout % 31% 0% 0% 0% 99% 86% 174% 76% 99% 198% 54% 39%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 9%
TTM: -13%
Compounded Profit Growth
10 Years: 26%
5 Years: 31%
3 Years: 22%
TTM: 52%
Stock Price CAGR
10 Years: 14%
5 Years: -22%
3 Years: -16%
1 Year: 7%
Return on Equity
10 Years: 15%
5 Years: 20%
3 Years: 19%
Last Year: 23%

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 32 32 33 33 33 32 33 33 33 33 33 33
Reserves 421 444 475 511 531 508 497 550 579 554 658 842
60 93 72 67 66 64 56 95 109 98 115 113
43 64 51 35 95 46 55 75 79 85 116 82
Total Liabilities 556 633 631 645 725 650 641 752 799 769 922 1,070
24 42 42 41 41 51 55 63 64 62 63 61
CWIP 1 3 0 0 1 8 5 0 0 0 0 0
Investments 240 293 297 304 311 298 293 302 307 303 334 394
291 295 292 300 372 293 287 386 427 404 526 616
Total Assets 556 633 631 645 725 650 641 752 799 769 922 1,070

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
53 -46 33 32 183 -41 7 -21 16 70 6 2
30 -15 -2 -7 -10 44 82 57 65 40 97 102
-55 30 -25 -10 -22 -167 -74 -52 -74 -112 -86 -105
Net Cash Flow 28 -31 6 16 151 -164 15 -16 7 -2 17 -2
Free Cash Flow 40 -71 27 30 177 -55 -10 -30 9 65 -3 9
CFO/OP 144% -92% 110% 105% 481% -113% 78% -77% 125% 429% 23% 58%

Ratios

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
Debtor Days 67 123 112 95 43 39 52 103 123 78 115 131
Inventory Days 113 207 107 124 106 139 150 128 157 171 111 169
Days Payable 37 79 48 32 40 47 41 65 83 78 70 53
Cash Conversion Cycle 143 251 171 188 110 130 161 166 197 170 155 247
Working Capital Days 74 110 114 126 15 81 100 111 134 108 112 182
ROCE % 9% 6% 6% 6% 7% 22% 9% 18% 15% 12% 21% 18%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Retail Sales Volume (TV + Digital)
thousand pieces

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Average Repeat Purchases per Customer (TTM)
pieces per customer
Digital Sales Mix (% of B2C Revenue)
% of B2C revenue
New Customer Registrations / Acquisitions (TTM)
lakh customers
TV Household Reach (FTE)
million households
Unique Customer Base (TTM)
thousand customers
Customer Retention Rate (TTM)
% of customers
In-House Brand Contribution to B2C Revenue
% of B2C revenue

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
57.12% 57.24% 57.22% 57.18% 57.30% 57.30% 57.30% 57.19% 57.18% 57.11% 57.43% 57.33%
22.66% 22.05% 22.68% 21.48% 19.20% 18.37% 18.59% 18.52% 18.68% 18.06% 16.44% 16.66%
5.72% 5.37% 2.57% 1.88% 0.73% 0.74% 0.85% 0.91% 1.24% 1.67% 2.23% 2.22%
14.42% 15.28% 17.45% 19.33% 22.62% 23.46% 23.14% 23.26% 22.86% 23.11% 23.87% 23.76%
0.06% 0.04% 0.07% 0.13% 0.15% 0.13% 0.12% 0.12% 0.04% 0.04% 0.03% 0.03%
No. of Shareholders 1,19,8881,17,4421,20,8541,27,3161,44,8871,43,6061,44,8821,43,7421,39,2641,35,8021,33,2551,29,789

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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