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 ₹ 3,686 Cr.
- Current Price ₹ 221
- High / Low ₹ 293 / 174
- Stock P/E 13.9
- Book Value ₹ 98.6
- Dividend Yield 2.72 %
- ROCE 16.3 %
- ROE 17.8 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 43.8%
Cons
- The company has delivered a poor sales growth of 7.77% over past five years.
- Tax rate seems low
- Company has a low return on equity of 13.7% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,376 | 1,277 | 1,439 | 1,571 | 1,814 | 1,986 | 2,540 | 2,752 | 2,691 | 3,041 | 3,380 | 3,692 | |
| 1,242 | 1,218 | 1,353 | 1,422 | 1,611 | 1,725 | 2,170 | 2,471 | 2,491 | 2,772 | 3,090 | 3,334 | |
| Operating Profit | 134 | 58 | 86 | 148 | 203 | 262 | 370 | 281 | 200 | 269 | 290 | 358 |
| OPM % | 10% | 5% | 6% | 9% | 11% | 13% | 15% | 10% | 7% | 9% | 9% | 10% |
| 13 | 17 | 16 | 10 | 14 | 14 | 18 | 50 | 28 | 19 | 27 | 41 | |
| Interest | 7 | 7 | 6 | 4 | 5 | 9 | 5 | 6 | 8 | 12 | 15 | 15 |
| Depreciation | 12 | 24 | 29 | 25 | 25 | 31 | 39 | 55 | 78 | 93 | 102 | 103 |
| Profit before tax | 128 | 45 | 66 | 129 | 188 | 236 | 344 | 271 | 141 | 182 | 200 | 282 |
| Tax % | 19% | 11% | 2% | 13% | 18% | 20% | 21% | 12% | 26% | 30% | 24% | 6% |
| 103 | 40 | 65 | 112 | 154 | 190 | 272 | 237 | 105 | 127 | 153 | 266 | |
| EPS in Rs | 6.37 | 2.45 | 3.97 | 6.90 | 9.43 | 11.77 | 16.70 | 14.50 | 6.36 | 7.72 | 9.22 | 15.93 |
| Dividend Payout % | 9% | 0% | 0% | 0% | 21% | 57% | 30% | 41% | 94% | 78% | 16% | 38% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | 11% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 0% |
| 3 Years: | 36% |
| TTM: | 74% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | -24% |
| 3 Years: | -10% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 296 | 335 | 402 | 518 | 664 | 719 | 931 | 1,094 | 1,168 | 1,225 | 1,317 | 1,615 |
| 76 | 112 | 85 | 67 | 66 | 102 | 124 | 165 | 193 | 218 | 228 | 416 | |
| 126 | 140 | 157 | 146 | 179 | 238 | 307 | 394 | 392 | 405 | 456 | 483 | |
| Total Liabilities | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,881 | 2,034 | 2,547 |
| 76 | 126 | 126 | 120 | 116 | 154 | 163 | 467 | 507 | 616 | 566 | 711 | |
| CWIP | 1 | 3 | 0 | 0 | 1 | 9 | 29 | 27 | 5 | 6 | 11 | 13 |
| Investments | 3 | 4 | 5 | 12 | 18 | 82 | 280 | 84 | 34 | 128 | 116 | 19 |
| 450 | 487 | 545 | 632 | 807 | 847 | 923 | 1,108 | 1,241 | 1,131 | 1,342 | 1,804 | |
| Total Assets | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,881 | 2,034 | 2,547 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 115 | -25 | 74 | 41 | 204 | 214 | 326 | 88 | 127 | 277 | 165 | 310 | |
| -3 | -42 | -26 | -23 | -22 | -184 | -267 | -45 | 43 | -183 | -5 | 78 | |
| -64 | 30 | -30 | -24 | -23 | -184 | -57 | -72 | -103 | -143 | -130 | -149 | |
| Net Cash Flow | 49 | -37 | 19 | -6 | 159 | -155 | 1 | -29 | 68 | -49 | 30 | 239 |
| Free Cash Flow | 92 | -72 | 55 | 23 | 184 | 184 | 269 | -213 | 92 | 233 | 135 | 290 |
| CFO/OP | 99% | -12% | 100% | 38% | 111% | 98% | 104% | 56% | 80% | 120% | 75% | 111% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 13 | 19 | 24 | 30 | 24 | 25 | 24 | 31 | 33 | 38 | 35 | 34 |
| Inventory Days | 187 | 277 | 221 | 227 | 239 | 220 | 180 | 231 | 238 | 202 | 219 | 232 |
| Days Payable | 61 | 99 | 83 | 66 | 74 | 75 | 65 | 104 | 95 | 76 | 73 | 77 |
| Cash Conversion Cycle | 139 | 197 | 162 | 191 | 189 | 170 | 139 | 158 | 176 | 164 | 181 | 189 |
| Working Capital Days | 31 | 45 | 49 | 72 | 62 | 59 | 42 | 58 | 59 | 55 | 60 | 70 |
| ROCE % | 35% | 11% | 15% | 23% | 27% | 30% | 36% | 21% | 11% | 14% | 14% | 16% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Sales Volume Million Pieces |
|
|||||||||||
| TV Reach (Million Households) Millions |
||||||||||||
| Average Selling Price (Digital) USD |
||||||||||||
| Average Selling Price (TV) USD |
||||||||||||
| Unique Customer Base Number (000's) |
||||||||||||
| New Registrations/Acquisitions Number (000's) |
||||||||||||
| Pieces per Customer (Trailing Twelve Months) Pieces |
||||||||||||
| Retention Rate Percentage |
||||||||||||
| In-house Brand Sales Mix Percentage |
||||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3h - Newspaper Publication - Financial Results for Q4 & FY 2026
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21h - Audio Recording of Q4 and FY26 Earnings Conference call
-
Audited Financial Results (Consolidated And Standalone) Under Ind AS For The Quarter & Year Ended 31 March 2026
1d - Board approved FY26 audited results, recommended Rs.1.50 dividend, and fixed 4 August 2026 AGM.
-
Board Meeting Outcome for 21 May, 2026
1d - Board approved FY26 audited results, recommended Rs 1.50 final dividend, and set AGM for 4 August 2026.
-
Intimation Of Record Date For Final Dividend
1d - Record date fixed as 26 June 2026 for final dividend, subject to shareholder approval.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
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
Concalls
-
May 2026TranscriptAI SummaryPPT
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT REC
-
Jan 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT REC
-
Aug 2024TranscriptPPTREC
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Jan 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022TranscriptAI SummaryPPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptAI SummaryPPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
May 2021TranscriptPPT
-
May 2021TranscriptPPT
-
Feb 2021Transcript PPT
-
Sep 2020TranscriptAI SummaryPPT
-
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 2018TranscriptAI SummaryPPT
-
Jan 2018TranscriptAI SummaryPPT
-
Oct 2017TranscriptAI SummaryPPT
-
May 2017TranscriptPPT
-
Feb 2017TranscriptPPT
-
Oct 2016TranscriptPPT
-
Aug 2016TranscriptPPT
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]