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 ₹ 6,643 Cr.
- Current Price ₹ 401
- High / Low ₹ 543 / 295
- Stock P/E 87.0
- Book Value ₹ 36.4
- Dividend Yield 1.50 %
- ROCE 15.3 %
- ROE 16.7 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 116%
Cons
- Stock is trading at 11.0 times its book value
- The company has delivered a poor sales growth of -1.47% over past five years.
- Tax rate seems low
- Earnings include an other income of Rs.61.8 Cr.
- Debtor days have increased from 92.6 to 123 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.
Peer comparison
Sector: Diamond, Gems and Jewellery Industry: Diamond Cutting / Jewellery
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
177 | 249 | 348 | 404 | 361 | 482 | 470 | 480 | 431 | 416 | 489 | 436 | 496 | |
161 | 226 | 315 | 365 | 330 | 443 | 431 | 441 | 400 | 403 | 469 | 422 | 476 | |
Operating Profit | 16 | 23 | 33 | 39 | 32 | 38 | 39 | 40 | 31 | 12 | 20 | 14 | 21 |
OPM % | 9% | 9% | 10% | 10% | 9% | 8% | 8% | 8% | 7% | 3% | 4% | 3% | 4% |
12 | 17 | 34 | 12 | 7 | 3 | 4 | 9 | 112 | 46 | 101 | 100 | 62 | |
Interest | 12 | 12 | 12 | 5 | 4 | 5 | 3 | 4 | 6 | 2 | 3 | 4 | 7 |
Depreciation | 2 | 2 | 2 | 6 | 6 | 8 | 4 | 4 | 4 | 5 | 6 | 7 | 8 |
Profit before tax | 14 | 26 | 53 | 40 | 28 | 28 | 36 | 41 | 133 | 51 | 112 | 103 | 67 |
Tax % | 2% | 0% | 0% | 25% | 36% | 21% | 15% | 19% | 4% | 8% | -15% | 3% | |
14 | 26 | 53 | 30 | 18 | 22 | 31 | 33 | 127 | 47 | 129 | 100 | 62 | |
EPS in Rs | 0.89 | 1.65 | 3.30 | 1.85 | 1.12 | 1.37 | 1.89 | 2.02 | 7.88 | 2.88 | 7.86 | 6.05 | 3.77 |
Dividend Payout % | 0% | 0% | 0% | 31% | 0% | 0% | 0% | 99% | 86% | 174% | 76% | 99% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | -1% |
3 Years: | 0% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 19% |
5 Years: | 27% |
3 Years: | -7% |
TTM: | -23% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 24% |
3 Years: | -22% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 16% |
3 Years: | 16% |
Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 32 | 32 | 32 | 32 | 32 | 33 | 33 | 33 | 32 | 33 | 33 | 33 | 33 |
Reserves | 304 | 357 | 402 | 421 | 444 | 475 | 511 | 531 | 508 | 497 | 550 | 579 | 570 |
Preference Capital | 44 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
145 | 131 | 101 | 60 | 93 | 72 | 67 | 66 | 64 | 56 | 95 | 109 | 111 | |
70 | 80 | 41 | 43 | 64 | 51 | 35 | 95 | 46 | 55 | 75 | 79 | 107 | |
Total Liabilities | 551 | 600 | 576 | 556 | 633 | 631 | 645 | 725 | 650 | 641 | 752 | 799 | 821 |
13 | 16 | 18 | 24 | 42 | 42 | 41 | 41 | 51 | 55 | 63 | 64 | 63 | |
CWIP | 0 | 0 | 0 | 1 | 3 | 0 | 0 | 1 | 8 | 5 | 0 | 0 | 0 |
Investments | 258 | 215 | 212 | 240 | 293 | 297 | 304 | 311 | 298 | 293 | 302 | 307 | 316 |
279 | 369 | 346 | 291 | 295 | 292 | 300 | 372 | 293 | 287 | 386 | 427 | 442 | |
Total Assets | 551 | 600 | 576 | 556 | 633 | 631 | 645 | 725 | 650 | 641 | 752 | 799 | 821 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 47 | 35 | 53 | -46 | 33 | 32 | 183 | -41 | 7 | -21 | 16 | |
-3 | -7 | 47 | 30 | -15 | -2 | -7 | -10 | 44 | 82 | 57 | 65 | |
-51 | -31 | -88 | -55 | 30 | -25 | -10 | -22 | -167 | -74 | -52 | -74 | |
Net Cash Flow | -5 | 9 | -5 | 28 | -31 | 6 | 16 | 151 | -164 | 15 | -16 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 251 | 142 | 92 | 67 | 123 | 112 | 95 | 43 | 39 | 52 | 103 | 123 |
Inventory Days | 213 | 185 | 143 | 113 | 207 | 107 | 124 | 106 | 139 | 150 | 128 | 157 |
Days Payable | 56 | 39 | 54 | 37 | 79 | 48 | 32 | 40 | 47 | 41 | 65 | 83 |
Cash Conversion Cycle | 408 | 287 | 182 | 143 | 251 | 171 | 188 | 110 | 130 | 161 | 166 | 197 |
Working Capital Days | 324 | 201 | 138 | 128 | 204 | 168 | 178 | 66 | 136 | 150 | 181 | 224 |
ROCE % | 5% | 5% | 11% | 9% | 6% | 6% | 6% | 7% | 22% | 9% | 18% | 15% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
- Certificate From Practicing Company Secretary Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 8 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 3 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
Concalls
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021TranscriptPPT
-
May 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Sep 2020TranscriptNotesPPT
-
Aug 2020Transcript PPT
-
May 2020Transcript PPT
-
Jan 2020Transcript PPT
-
Nov 2019Transcript PPT
-
Aug 2019Transcript PPT
-
May 2019Transcript PPT
-
Jan 2019Transcript PPT
-
Oct 2018Transcript PPT
-
Jul 2018Transcript PPT
-
May 2018TranscriptNotesPPT
-
Jan 2018TranscriptNotesPPT
-
Oct 2017TranscriptNotesPPT
-
May 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Oct 2016TranscriptPPT
-
Aug 2016TranscriptPPT
Omni-Channel Retail Network
The company owns Shop LC for the USA, Shop TJC for the UK, and ShopLC for Germany which are 24-hour live shopping channels. It also owns proprietary web platforms tjc.co.uk, shoplc.com & shoplc.de/ and has also launched applications for its retail platforms on smartphones. [1] As of FY23, bout 63% of revenues comes from TV platforms & the rest 37% revenues come from web platforms. [2]