Vaibhav Global Ltd

Vaibhav Global Ltd

₹ 310 -1.09%
22 Jul 3:31 p.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
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]

  • Market Cap 5,142 Cr.
  • Current Price 310
  • High / Low 543 / 263
  • Stock P/E 38.8
  • Book Value 75.9
  • Dividend Yield 1.92 %
  • ROCE 14.0 %
  • ROE 10.8 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 71.1%

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 13.1% over last 3 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
666 682 635 750 685 628 646 724 693 658 705 888 789
588 591 568 665 647 586 596 662 646 600 642 795 736
Operating Profit 78 91 67 85 38 42 50 61 46 58 63 93 53
OPM % 12% 13% 11% 11% 6% 7% 8% 8% 7% 9% 9% 11% 7%
7 39 6 -1 5 2 2 14 9 7 3 2 6
Interest 2 1 2 2 2 2 2 2 3 3 3 3 3
Depreciation 11 11 13 14 17 17 18 20 22 22 23 23 25
Profit before tax 72 119 58 68 25 25 31 55 30 40 41 68 32
Tax % 22% 17% 28% -2% -8% 22% 26% 28% 23% 27% 30% 31% 33%
56 99 42 69 27 20 23 39 23 30 29 47 21
EPS in Rs 3.44 6.05 2.58 4.24 1.66 1.19 1.39 2.36 1.42 1.80 1.78 2.87 1.29
Raw PDF
Upcoming result date: 1 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
893 1,298 1,376 1,277 1,439 1,571 1,814 1,986 2,540 2,752 2,691 3,041
829 1,155 1,242 1,218 1,353 1,422 1,611 1,725 2,170 2,471 2,491 2,772
Operating Profit 64 143 134 58 86 148 203 262 370 281 200 269
OPM % 7% 11% 10% 5% 6% 9% 11% 13% 15% 10% 7% 9%
-126 34 13 17 16 10 14 14 18 50 28 19
Interest 14 14 7 7 6 4 5 9 5 6 8 12
Depreciation 7 7 12 24 29 25 25 31 39 55 78 93
Profit before tax -84 155 128 45 66 129 188 236 344 271 141 182
Tax % 2% 2% 19% 11% 2% 13% 18% 20% 21% 12% 26% 30%
-86 153 103 40 65 112 154 190 272 237 105 127
EPS in Rs -5.34 9.48 6.37 2.45 3.97 6.90 9.43 11.77 16.70 14.50 6.36 7.72
Dividend Payout % 0% 2% 9% 0% 0% 0% 21% 57% 30% 41% 94% 78%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 6%
TTM: 13%
Compounded Profit Growth
10 Years: -1%
5 Years: -3%
3 Years: -21%
TTM: 26%
Stock Price CAGR
10 Years: 6%
5 Years: 13%
3 Years: -26%
1 Year: -8%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 13%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 32 32 32 32 33 33 33 32 33 33 33 33
Reserves 83 201 296 335 402 518 664 719 931 1,094 1,168 1,225
205 124 76 112 85 67 66 102 124 165 193 218
81 121 126 140 157 146 179 238 307 394 392 405
Total Liabilities 401 478 530 619 676 763 942 1,091 1,395 1,686 1,786 1,881
58 66 76 126 126 120 116 154 163 467 507 616
CWIP 0 0 1 3 0 0 1 9 29 27 5 6
Investments 0 3 3 4 5 12 18 82 280 84 34 128
343 409 450 487 545 632 807 847 923 1,108 1,241 1,131
Total Assets 401 478 530 619 676 763 942 1,091 1,395 1,686 1,786 1,881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
79 178 115 -25 74 41 204 214 326 88 127 277
-22 -68 -3 -42 -26 -23 -22 -184 -267 -45 43 -183
-30 -108 -64 30 -30 -24 -23 -184 -57 -72 -103 -143
Net Cash Flow 27 2 49 -37 19 -6 159 -155 1 -29 68 -49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 15 19 13 19 24 30 24 25 24 31 33 38
Inventory Days 252 166 187 277 221 227 239 220 180 231 238 202
Days Payable 54 59 61 99 83 66 74 75 65 104 95 76
Cash Conversion Cycle 213 126 139 197 162 191 189 170 139 158 176 164
Working Capital Days 77 45 52 75 70 88 75 73 57 74 77 71
ROCE % 25% 50% 35% 11% 15% 23% 27% 30% 36% 21% 11% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
58.10% 58.08% 58.08% 57.96% 57.90% 57.91% 57.26% 57.21% 57.12% 57.24% 57.22% 57.18%
11.17% 10.69% 10.73% 10.71% 20.74% 21.13% 21.64% 21.89% 22.66% 22.05% 22.68% 21.48%
18.51% 18.62% 18.50% 18.38% 6.58% 6.38% 6.36% 6.24% 5.72% 5.37% 2.57% 1.88%
12.05% 12.52% 12.57% 12.76% 14.64% 14.44% 14.63% 14.59% 14.42% 15.28% 17.45% 19.33%
0.17% 0.09% 0.12% 0.19% 0.14% 0.15% 0.10% 0.06% 0.06% 0.04% 0.07% 0.13%
No. of Shareholders 83,54193,4341,03,9981,13,7741,36,9851,32,4911,30,6891,29,1361,19,8881,17,4421,20,8541,27,316

* 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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