Vaibhav Global Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 13,736 Cr.
  • Current Price 4,226
  • High / Low 4,850 / 822
  • Stock P/E 53.8
  • Book Value 259
  • Dividend Yield 0.41 %
  • ROCE 30.8 %
  • ROE 26.1 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 26.14%

Cons

  • Stock is trading at 16.29 times its book value
  • The company has delivered a poor sales growth of 7.63% over past five years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
424 390 452 511 462 440 485 563 498 550 599 725
386 350 399 442 420 389 419 475 442 477 503 602
Operating Profit 38 40 53 68 42 51 66 88 56 74 96 123
OPM % 9% 10% 12% 13% 9% 12% 14% 16% 11% 13% 16% 17%
Other Income 3 4 2 3 5 4 3 4 4 4 3 4
Interest 1 2 1 1 1 1 1 3 4 1 1 1
Depreciation 6 6 6 6 6 8 8 8 8 10 8 9
Profit before tax 34 37 48 64 39 45 61 82 48 67 89 116
Tax % 6% 18% 18% 19% 17% 20% 20% 20% 18% 21% 21% 20%
Net Profit 32 30 39 53 32 36 49 66 40 53 71 92
EPS in Rs 9.79 9.21 12.00 16.07 9.93 10.97 14.96 20.37 12.30 16.33 21.73 28.40

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
587 337 526 645 893 1,298 1,376 1,277 1,439 1,571 1,814 1,986 2,372
691 364 472 610 829 1,155 1,242 1,218 1,353 1,422 1,611 1,725 2,024
Operating Profit -103 -27 54 35 64 143 134 58 86 148 203 262 348
OPM % -18% -8% 10% 5% 7% 11% 10% 5% 6% 9% 11% 13% 15%
Other Income -80 -6 12 57 -126 34 13 17 16 10 14 15 15
Interest 45 26 15 14 14 14 7 7 6 4 5 9 7
Depreciation 12 9 8 9 7 7 12 24 29 25 25 31 36
Profit before tax -240 -68 43 69 -84 155 128 45 66 129 188 236 320
Tax % -0% 0% 0% 0% -2% 2% 19% 11% 2% 13% 18% 20%
Net Profit -240 -68 43 69 -86 153 103 40 65 112 154 190 256
EPS in Rs -75.83 -21.45 13.60 21.61 -26.70 47.41 31.84 12.25 19.84 34.51 47.15 58.88 78.76
Dividend Payout % 0% 0% 0% 0% 0% 2% 9% 0% 0% 0% 21% 57%
Compounded Sales Growth
10 Years:19%
5 Years:8%
3 Years:11%
TTM:22%
Compounded Profit Growth
10 Years:18%
5 Years:13%
3 Years:43%
TTM:40%
Stock Price CAGR
10 Years:62%
5 Years:67%
3 Years:82%
1 Year:399%
Return on Equity
10 Years:27%
5 Years:21%
3 Years:25%
Last Year:26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
76 76 76 76 76 32 32 32 33 33 33 32 32
Reserves 133 110 129 190 83 201 296 335 402 518 664 719 811
Borrowings 216 200 202 178 161 124 76 112 85 67 66 64 114
129 93 86 116 125 121 126 140 157 146 179 275 271
Total Liabilities 510 435 448 514 401 478 530 619 676 763 942 1,091 1,229
221 207 203 203 58 66 76 126 126 120 116 154 160
CWIP 0 0 1 0 0 0 1 3 0 0 1 9 3
Investments 23 13 17 13 0 3 3 4 5 12 18 82 162
266 215 227 299 343 409 450 487 545 632 807 847 905
Total Assets 510 435 448 514 401 478 530 619 676 763 942 1,091 1,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
35 -27 54 47 79 178 115 -25 74 41 204 214
-17 9 -10 -3 -22 -68 -3 -42 -26 -23 -22 -184
-53 15 -36 -48 -30 -108 -64 30 -30 -24 -23 -184
Net Cash Flow -36 -3 8 -4 27 2 49 -37 19 -6 159 -155

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -20% -8% 14% 22% 25% 50% 35% 11% 15% 23% 27% 31%
Debtor Days 24 14 16 21 15 19 13 19 24 30 24 25
Inventory Turnover 1.34 1.16 1.36 1.43 1.60 2.14 2.12 1.50 1.69 1.74 1.63 1.72

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
66.49 66.44 65.36 64.03 63.08 57.78 57.28 58.23 58.61 58.50 58.34 58.40
6.09 7.89 8.82 11.28 11.77 11.97 12.33 12.38 12.09 11.04 10.55 11.18
12.39 12.47 12.56 11.75 11.55 16.87 18.52 18.80 19.20 20.48 20.99 20.46
15.01 13.15 13.24 12.85 13.49 13.27 11.61 10.36 9.98 9.94 10.00 9.95
0.02 0.04 0.03 0.09 0.11 0.10 0.26 0.23 0.12 0.04 0.11 0.01

Documents