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 ₹ 6,221 Cr.
- Current Price ₹ 376
- High / Low ₹ 543 / 295
- Stock P/E 47.2
- Book Value ₹ 73.9
- Dividend Yield 1.60 %
- ROCE 11.1 %
- ROE 9.02 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 55.2%
Cons
- The company has delivered a poor sales growth of 11.4% over past five years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
645 | 893 | 1,298 | 1,376 | 1,277 | 1,439 | 1,571 | 1,814 | 1,986 | 2,540 | 2,752 | 2,691 | 2,944 | |
610 | 829 | 1,155 | 1,242 | 1,218 | 1,353 | 1,422 | 1,611 | 1,725 | 2,170 | 2,471 | 2,491 | 2,683 | |
Operating Profit | 35 | 64 | 143 | 134 | 58 | 86 | 148 | 203 | 262 | 370 | 281 | 200 | 261 |
OPM % | 5% | 7% | 11% | 10% | 5% | 6% | 9% | 11% | 13% | 15% | 10% | 7% | 9% |
57 | -126 | 34 | 13 | 17 | 16 | 10 | 14 | 14 | 18 | 50 | 28 | 22 | |
Interest | 14 | 14 | 14 | 7 | 7 | 6 | 4 | 5 | 9 | 5 | 6 | 8 | 12 |
Depreciation | 9 | 7 | 7 | 12 | 24 | 29 | 25 | 25 | 31 | 39 | 55 | 78 | 91 |
Profit before tax | 69 | -84 | 155 | 128 | 45 | 66 | 129 | 188 | 236 | 344 | 271 | 141 | 181 |
Tax % | 0% | -2% | 2% | 19% | 11% | 2% | 13% | 18% | 20% | 21% | 12% | 26% | |
69 | -86 | 153 | 103 | 40 | 65 | 112 | 154 | 190 | 272 | 237 | 105 | 129 | |
EPS in Rs | 4.32 | -5.34 | 9.48 | 6.37 | 2.45 | 3.97 | 6.90 | 9.43 | 11.77 | 16.70 | 14.50 | 6.36 | 7.87 |
Dividend Payout % | 0% | 0% | 2% | 9% | 0% | 0% | 0% | 21% | 57% | 30% | 41% | 94% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 11% |
3 Years: | 11% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | -1% |
3 Years: | -18% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 9% |
5 Years: | 23% |
3 Years: | -22% |
1 Year: | 21% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 21% |
3 Years: | 19% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 190 | 83 | 201 | 296 | 335 | 402 | 518 | 664 | 719 | 931 | 1,094 | 1,168 | 1,190 |
Preference Capital | 44 | 44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
178 | 161 | 124 | 76 | 112 | 85 | 67 | 66 | 102 | 124 | 165 | 193 | 185 | |
116 | 125 | 121 | 126 | 140 | 157 | 146 | 179 | 238 | 307 | 394 | 392 | 414 | |
Total Liabilities | 514 | 401 | 478 | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,822 |
203 | 58 | 66 | 76 | 126 | 126 | 120 | 116 | 154 | 163 | 467 | 507 | 598 | |
CWIP | 0 | 0 | 0 | 1 | 3 | 0 | 0 | 1 | 9 | 29 | 27 | 5 | 4 |
Investments | 13 | 0 | 3 | 3 | 4 | 5 | 12 | 18 | 82 | 280 | 84 | 34 | 36 |
299 | 343 | 409 | 450 | 487 | 545 | 632 | 807 | 847 | 923 | 1,108 | 1,241 | 1,184 | |
Total Assets | 514 | 401 | 478 | 530 | 619 | 676 | 763 | 942 | 1,091 | 1,395 | 1,686 | 1,786 | 1,822 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
47 | 79 | 178 | 115 | -25 | 74 | 41 | 204 | 214 | 326 | 88 | 127 | |
-3 | -22 | -68 | -3 | -42 | -26 | -23 | -22 | -184 | -267 | -45 | 43 | |
-48 | -30 | -108 | -64 | 30 | -30 | -24 | -23 | -184 | -57 | -72 | -103 | |
Net Cash Flow | -4 | 27 | 2 | 49 | -37 | 19 | -6 | 159 | -155 | 1 | -29 | 68 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 21 | 15 | 19 | 13 | 19 | 24 | 30 | 24 | 25 | 24 | 31 | 33 |
Inventory Days | 275 | 252 | 166 | 187 | 277 | 221 | 227 | 239 | 220 | 180 | 231 | 238 |
Days Payable | 74 | 54 | 59 | 61 | 99 | 83 | 66 | 74 | 75 | 65 | 104 | 95 |
Cash Conversion Cycle | 222 | 213 | 126 | 139 | 197 | 162 | 191 | 189 | 170 | 139 | 158 | 176 |
Working Capital Days | 108 | 77 | 45 | 52 | 75 | 70 | 88 | 75 | 73 | 57 | 74 | 77 |
ROCE % | 22% | 25% | 50% | 35% | 11% | 15% | 23% | 27% | 30% | 36% | 21% | 11% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 2d
- 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
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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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]