Vaibhav Global Ltd

Vaibhav Global Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vaibhav Global Ltd

₹ 280 1.83%
27 Nov 10:51 a.m.
vaibhavglobal.com BSE: 532156 NSE: VAIBHAVGBL
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 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]

Website BSE NSE
  • Market Cap ₹ 4,662 Cr.
  • Current Price ₹ 280
  • High / Low ₹ 543 / 263
  • Stock P/E 41.3
  • Book Value ₹ 36.8
  • Dividend Yield 2.15 %
  • ROCE 12.1 %
  • ROE 12.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 124%
  • Debtor days have improved from 101 to 77.5 days.

Cons

  • Stock is trading at 7.48 times its book value
  • The company has delivered a poor sales growth of 0.36% over past five years.
  • Tax rate seems low
  • Earnings include an other income of Rs.80.6 Cr.

* 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

Part of Nifty Total Market BSE 500 BSE Consumer Discretionary BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
121 128 110 108 90 113 125 126 116 129 118 148 165
112 126 111 101 89 114 118 118 113 126 116 136 155
Operating Profit 9 2 -1 7 2 -1 6 8 3 3 2 12 11
OPM % 8% 2% -1% 7% 2% -1% 5% 6% 3% 2% 2% 8% 6%
41 28 27 3 39 28 30 5 22 5 22 5 50
Interest 1 0 1 1 1 1 1 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax 48 28 23 8 38 24 33 9 22 3 20 13 57
Tax % 7% -53% -35% 32% -1% -2% 4% 23% 4% 18% 1% 16% 5%
45 44 31 5 38 25 32 7 21 3 20 11 54
EPS in Rs 2.73 2.66 1.90 0.33 2.31 1.50 1.93 0.42 1.25 0.17 1.20 0.66 3.25
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
249 348 404 361 482 470 480 431 416 489 436 489 560
226 315 365 330 443 431 441 400 403 469 422 473 532
Operating Profit 23 33 39 32 38 39 40 31 12 20 14 16 27
OPM % 9% 10% 10% 9% 8% 8% 8% 7% 3% 4% 3% 3% 5%
17 34 12 7 3 4 9 112 46 101 100 53 81
Interest 12 12 5 4 5 3 4 6 2 3 4 7 8
Depreciation 2 2 6 6 8 4 4 4 5 6 7 8 7
Profit before tax 26 53 40 28 28 36 41 133 51 112 103 54 93
Tax % 0% 0% 25% 36% 21% 15% 19% 4% 8% -15% 3% 7%
26 53 30 18 22 31 33 127 47 129 100 50 87
EPS in Rs 1.65 3.30 1.85 1.12 1.37 1.89 2.02 7.88 2.88 7.86 6.05 3.03 5.28
Dividend Payout % -0% -0% 31% -0% -0% -0% 99% 86% 174% 76% 99% 198%
Compounded Sales Growth
10 Years: 3%
5 Years: 0%
3 Years: 6%
TTM: 17%
Compounded Profit Growth
10 Years: 4%
5 Years: 18%
3 Years: 15%
TTM: 34%
Stock Price CAGR
10 Years: 8%
5 Years: 11%
3 Years: -19%
1 Year: -34%
Return on Equity
10 Years: 11%
5 Years: 17%
3 Years: 17%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 32 32 32 32 33 33 33 32 33 33 33 33 33
Reserves 357 402 421 444 475 511 531 508 497 550 579 554 578
175 101 60 93 72 67 66 64 56 95 109 98 112
36 41 43 64 51 35 95 46 55 75 79 85 122
Total Liabilities 600 576 556 633 631 645 725 650 641 752 799 769 845
16 18 24 42 42 41 41 51 55 63 64 62 62
CWIP 0 -0 1 3 -0 -0 1 8 5 0 0 -0 -0
Investments 215 212 240 293 297 304 311 298 293 302 307 303 303
369 346 291 295 292 300 372 293 287 386 427 404 480
Total Assets 600 576 556 633 631 645 725 650 641 752 799 769 845

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
47 35 53 -46 33 32 183 -41 7 -21 16 70
-7 47 30 -15 -2 -7 -10 44 82 57 65 40
-31 -88 -55 30 -25 -10 -22 -167 -74 -52 -74 -112
Net Cash Flow 9 -5 28 -31 6 16 151 -164 15 -16 7 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 142 92 67 123 112 95 43 39 52 103 123 78
Inventory Days 185 143 113 207 107 124 106 139 150 128 157 171
Days Payable 39 54 37 79 48 32 40 47 41 65 83 78
Cash Conversion Cycle 287 182 143 251 171 188 110 130 161 166 197 170
Working Capital Days 201 138 128 204 168 178 66 136 150 181 224 180
ROCE % 5% 11% 9% 6% 6% 6% 7% 22% 9% 18% 15% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
58.08% 58.08% 57.96% 57.90% 57.91% 57.26% 57.21% 57.12% 57.24% 57.22% 57.18% 57.30%
10.69% 10.73% 10.71% 20.74% 21.13% 21.64% 21.89% 22.66% 22.05% 22.68% 21.48% 19.20%
18.62% 18.50% 18.38% 6.58% 6.38% 6.36% 6.24% 5.72% 5.37% 2.57% 1.88% 0.73%
12.52% 12.57% 12.76% 14.64% 14.44% 14.63% 14.59% 14.42% 15.28% 17.45% 19.33% 22.62%
0.09% 0.12% 0.19% 0.14% 0.15% 0.10% 0.06% 0.06% 0.04% 0.07% 0.13% 0.15%
No. of Shareholders 93,4341,03,9981,13,7741,36,9851,32,4911,30,6891,29,1361,19,8881,17,4421,20,8541,27,3161,44,887

* 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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