Vaibhav Global Ltd

Vaibhav Global Ltd

₹ 221 -3.26%
22 May - close price
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
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]

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
693 658 705 888 789 756 796 977 850 814 877 1,066 935
646 600 642 795 736 699 736 868 788 752 800 930 851
Operating Profit 46 58 63 93 53 57 60 110 62 62 78 136 83
OPM % 7% 9% 9% 11% 7% 8% 8% 11% 7% 8% 9% 13% 9%
9 7 3 2 6 9 9 2 8 13 11 5 13
Interest 3 3 3 3 3 3 4 4 4 4 3 4 4
Depreciation 22 22 23 23 25 25 26 26 25 25 24 25 28
Profit before tax 30 40 41 68 32 37 39 82 41 46 60 112 64
Tax % 23% 27% 30% 31% 33% 27% 29% 22% 17% 18% 21% 20% -43%
23 30 29 47 21 27 28 64 34 38 48 90 91
EPS in Rs 1.42 1.80 1.78 2.87 1.29 1.67 1.67 3.84 2.05 2.26 2.85 5.38 5.46
Raw PDF

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

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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

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
57.21% 57.12% 57.24% 57.22% 57.18% 57.30% 57.30% 57.30% 57.19% 57.18% 57.11% 57.43%
21.89% 22.66% 22.05% 22.68% 21.48% 19.20% 18.37% 18.59% 18.52% 18.68% 18.06% 16.44%
6.24% 5.72% 5.37% 2.57% 1.88% 0.73% 0.74% 0.85% 0.91% 1.24% 1.67% 2.23%
14.59% 14.42% 15.28% 17.45% 19.33% 22.62% 23.46% 23.14% 23.26% 22.86% 23.11% 23.87%
0.06% 0.06% 0.04% 0.07% 0.13% 0.15% 0.13% 0.12% 0.12% 0.04% 0.04% 0.03%
No. of Shareholders 1,29,1361,19,8881,17,4421,20,8541,27,3161,44,8871,43,6061,44,8821,43,7421,39,2641,35,8021,33,255

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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