Vaibhav Global Ltd

₹ 342 0.54%
08 Dec 9:30 a.m.
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

Omni-Channel Retail Network
Company owns Shop LC for USA, Shop TJC for 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 of its retail platforms on smartphones. [1] Presently, about 63% of revenues comes from TV platforms & the rest 37% revenues come from web platforms. [2]

  • Market Cap 5,644 Cr.
  • Current Price 342
  • High / Low 637 / 288
  • Stock P/E 39.5
  • Book Value 69.6
  • Dividend Yield 1.74 %
  • ROCE 20.9 %
  • ROE 20.4 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.6%
  • Company has been maintaining a healthy dividend payout of 42.8%

Cons

  • Tax rate seems low

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
485 563 498 550 599 725 666 682 635 750 685 628 646
419 475 442 477 503 602 588 591 568 665 647 586 596
Operating Profit 66 88 56 74 96 123 78 91 67 85 38 42 50
OPM % 14% 16% 11% 13% 16% 17% 12% 13% 11% 11% 6% 7% 8%
3 4 4 4 3 4 7 39 6 -1 5 2 2
Interest 1 3 4 1 1 1 2 1 2 2 2 2 2
Depreciation 8 8 8 10 8 9 11 11 13 14 17 17 18
Profit before tax 61 82 48 67 89 116 72 119 58 68 25 25 31
Tax % 20% 20% 18% 21% 21% 20% 22% 17% 28% -2% -8% 22% 26%
Net Profit 49 66 40 53 71 92 56 99 42 69 27 20 23
EPS in Rs 2.99 4.07 2.46 3.27 4.35 5.68 3.44 6.05 2.58 4.24 1.66 1.19 1.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
526 645 893 1,298 1,376 1,277 1,439 1,571 1,814 1,986 2,540 2,752 2,710
471 610 829 1,155 1,242 1,218 1,353 1,422 1,611 1,725 2,170 2,471 2,495
Operating Profit 54 35 64 143 134 58 86 148 203 262 370 281 215
OPM % 10% 5% 7% 11% 10% 5% 6% 9% 11% 13% 15% 10% 8%
11 57 -126 34 13 17 16 10 14 14 18 50 9
Interest 15 14 14 14 7 7 6 4 5 9 5 6 8
Depreciation 8 9 7 7 12 24 29 25 25 31 39 55 67
Profit before tax 43 69 -84 155 128 45 66 129 188 236 344 271 149
Tax % 0% 0% -2% 2% 19% 11% 2% 13% 18% 20% 21% 12%
Net Profit 43 69 -86 153 103 40 65 112 154 190 272 237 139
EPS in Rs 2.72 4.32 -5.34 9.48 6.37 2.45 3.97 6.90 9.43 11.77 16.70 14.50 8.48
Dividend Payout % 0% 0% 0% 2% 9% 0% 0% 0% 21% 57% 30% 41%
Compounded Sales Growth
10 Years: 16%
5 Years: 14%
3 Years: 15%
TTM: 0%
Compounded Profit Growth
10 Years: 10%
5 Years: 27%
3 Years: 12%
TTM: -46%
Stock Price CAGR
10 Years: 35%
5 Years: 20%
3 Years: 26%
1 Year: -40%
Return on Equity
10 Years: 26%
5 Years: 25%
3 Years: 26%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
76 76 76 32 32 32 33 33 33 32 33 33 33
Reserves 129 190 83 201 296 335 402 518 664 719 931 1,094 1,115
202 178 161 124 76 112 85 67 66 102 124 165 166
86 116 125 121 126 140 157 146 179 238 307 394 400
Total Liabilities 448 514 401 478 530 619 676 763 942 1,091 1,395 1,686 1,713
203 203 58 66 76 126 126 120 116 154 163 467 477
CWIP 1 0 0 0 1 3 0 0 1 9 29 27 4
Investments 17 13 0 3 3 4 5 12 18 82 280 84 109
227 299 343 409 450 487 545 632 807 847 923 1,108 1,123
Total Assets 448 514 401 478 530 619 676 763 942 1,091 1,395 1,686 1,713

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
54 47 79 178 115 -25 74 41 204 214 326 88
-10 -3 -22 -68 -3 -42 -26 -23 -22 -184 -267 -45
-36 -48 -30 -108 -64 30 -30 -24 -23 -184 -57 -72
Net Cash Flow 8 -4 27 2 49 -37 19 -6 159 -155 1 -29

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 16 21 15 19 13 19 24 30 24 25 24 31
Inventory Days 261 275 252 166 187 277 221 227 239 220 180 231
Days Payable 41 74 54 59 61 99 83 66 74 75 65 104
Cash Conversion Cycle 236 222 213 126 139 197 162 191 189 170 139 158
Working Capital Days 106 108 77 45 52 75 70 88 75 73 57 74
ROCE % 14% 22% 25% 50% 35% 11% 15% 23% 27% 30% 36% 21%

Shareholding Pattern

Numbers in percentages

34 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
58.23 58.61 58.50 58.34 58.40 58.35 58.16 58.10 58.08 58.08 57.96 57.90
12.38 12.09 11.04 10.55 11.18 11.64 11.54 11.17 10.69 10.73 10.71 20.74
18.80 19.20 20.48 20.99 20.46 19.11 18.51 18.51 18.62 18.50 18.38 6.58
10.36 9.98 9.94 10.00 9.95 10.89 11.72 12.05 12.52 12.57 12.76 14.64
0.23 0.12 0.04 0.11 0.01 0.00 0.07 0.17 0.09 0.12 0.19 0.14

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

Concalls