Vaibhav Global

₹273.9 -12.1 | 4.2%

WEBSITE BSE:532156 NSE : VAIBHAVGBL 28 Mar, 16:01

Market Cap ₹4506 Cr.

Stock P/E 41.4

P/B 3.8

Current Price ₹273.9

Book Value ₹ 71.9

Face Value 2

52W High ₹522.8

Dividend Yield 2.2%

52W Low ₹ 270.3

Edit Ratio

Vaibhav Global Research see more...

Q3FY23 Earnings Highlights of Vaibhav Global Limited

Vaibhav Global Limited

Vaibhav Global: Temporary Headwinds or Permanent Downtrend?

Overview Inc. Year: 1989Industry: Retailing

Vaibhav Global Ltd is a holding company. The Company is an electronic store of fashion jewellery and lifestyle accessories. The Company owns and operates the Liquidation Channel inside the United States, and Jewellery Channel in the United Kingdom. It operates via wholesale business-as a downstream production facility phase. The Company offers a range of jewellery and non-jewellery merchandise. The Company manufactures and exports numerous varieties of earrings, coloured gem stones, treasured and semi-precious stones. It offers fashion jewellery, including earrings and studded jewellery, bracelets, bangles etc. Its style add-ons and lifestyle products consist of watches, purses, scarves, home decor, bed linen, pillow covers and towels. Its merchandise are offered on its television shopping and Web structures. Its plants are placed in Jaipur and Mumbai. In addition to electronic retailing, the Company also engages in traditional business-to-commercial enterprise wholesale distribution thru STS Jewels Inc.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Vaibhav Global Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	599	725	666	682	635	750	685	628	646	724
Other Income	3	4	7	7	6	1	9	2	2	14
Total Income	602	729	673	689	641	751	694	630	648	738
Total Expenditure	503	602	588	591	568	665	647	586	596	662
Operating Profit	99	126	85	98	73	86	47	44	52	76
Interest	1	1	2	1	2	2	2	2	2	2
Depreciation	8	9	11	11	13	14	17	17	19	20
Exceptional Income / Expenses	0	0	0	33	0	-1	-3	0	0	0
Profit Before Tax	89	116	72	119	58	68	25	25	31	55
Provision for Tax	19	24	16	20	16	-1	-2	5	8	16
Profit After Tax	71	92	56	99	42	69	27	20	23	39
Adjustments	0	0	0	0	0	0	0	0	-0	-0
Profit After Adjustments	71	92	56	99	42	70	27	20	23	39
Adjusted Earnings Per Share	4.4	5.7	3.4	6.1	2.6	4.2	1.7	1.2	1.4	2.4

Vaibhav Global Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	646	893	1298	1376	1277	1439	1571	1814	1986	2540	2752	2683
Other Income	28	38	35	13	17	16	10	14	15	18	22	27
Total Income	675	931	1333	1388	1294	1455	1581	1828	2001	2558	2774	2710
Total Expenditure	573	829	1156	1242	1218	1353	1422	1611	1725	2170	2471	2491
Operating Profit	102	102	177	147	75	102	159	217	276	388	303	219
Interest	14	14	14	7	7	6	4	5	9	5	6	8
Depreciation	9	7	7	12	24	29	25	25	31	39	55	73
Exceptional Income / Expenses	-10	-164	0	0	0	0	0	0	0	0	28	-3
Profit Before Tax	69	-84	155	128	45	66	129	188	236	344	271	136
Provision for Tax	0	2	3	25	5	2	17	34	46	72	33	27
Profit After Tax	69	-86	153	103	40	65	112	154	190	272	237	109
Adjustments	0	0	0	-0	-0	0	0	0	0	0	1	0
Profit After Adjustments	69	-86	153	103	40	65	112	154	190	272	238	109
Adjusted Earnings Per Share	4.3	-5.3	9.3	6.4	2.5	4	6.9	9.4	11.8	16.7	14.5	6.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	15%	14%	16%
Operating Profit CAGR	-22%	12%	24%	12%
PAT CAGR	-13%	15%	30%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-24%	23%	15%	28%
ROE Average	23%	27%	26%	24%
ROCE Average	24%	31%	29%	23%

Vaibhav Global Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	265	159	233	328	367	434	550	697	751	964	1127
Minority's Interest	0	0	0	0	0	0	0	0	0	-0	2
Borrowings	66	48	18	0	2	0	0	0	0	0	3
Other Non-Current Liabilities	1	1	1	2	-4	-19	-28	-7	8	4	28
Total Current Liabilities	182	193	226	200	247	237	209	242	311	408	505
Total Liabilities	514	401	478	530	613	653	731	932	1070	1376	1664
Fixed Assets	203	58	66	76	126	126	120	116	154	163	467
Other Non-Current Assets	2	12	34	40	27	18	13	22	30	45	61
Total Current Assets	310	332	379	414	460	509	599	794	886	1169	1136
Total Assets	514	401	478	530	613	653	731	932	1070	1376	1664

Vaibhav Global Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	18	14	41	43	91	54	72	67	226	71	72
Cash Flow from Operating Activities	47	79	178	115	-25	74	41	204	213	326	88
Cash Flow from Investing Activities	-3	0	-36	-3	-41	-20	-21	-24	-187	-268	-45
Cash Flow from Financing Activities	-48	-30	-108	-64	30	-30	-24	-23	-184	-57	-72
Net Cash Inflow / Outflow	-4	49	34	49	-36	24	-5	157	-158	0	-29
Closing Cash & Cash Equivalent	14	41	43	91	55	72	67	226	71	72	43

Vaibhav Global Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	4.32	-5.34	9.33	6.37	2.45	3.97	6.9	9.44	11.79	16.71	14.51
CEPS(Rs)	4.9	-4.88	9.95	7.11	3.91	5.78	8.47	10.95	13.73	19.11	17.82
DPS(Rs)	0	0	0	0.48	0	0	0	2	6.75	5	6
Book NAV/Share(Rs)	13.95	7.17	14.48	20.25	22.61	25.97	32.83	41.51	45.56	58.22	68.08
Core EBITDA Margin(%)	11.44	7.16	10.95	9.74	4.57	5.99	9.45	11.2	13.18	14.58	10.22
EBIT Margin(%)	12.87	-7.78	13.08	9.81	4.04	5.04	8.5	10.63	12.33	13.73	10.05
Pre Tax Margin(%)	10.63	-9.4	11.96	9.28	3.51	4.59	8.22	10.37	11.9	13.55	9.83
PAT Margin (%)	10.6	-9.59	11.75	7.5	3.12	4.49	7.16	8.5	9.58	10.7	8.61
Cash Profit Margin (%)	12	-8.77	12.32	8.36	4.97	6.53	8.78	9.86	11.16	12.24	10.61
ROA(%)	14.24	-18.71	34.7	20.47	6.97	10.21	16.25	18.54	19.01	22.22	15.6
ROE(%)	35.87	-50.94	87.69	36.79	11.46	16.35	23.49	25.42	26.93	32.31	22.99
ROCE(%)	19.58	-18.21	50.13	35.46	11.69	14.52	23.5	27.95	31.03	37.28	24.25
Receivable days	17.18	14.93	14.33	15.11	16.3	20.61	26.15	24.83	23.2	21.69	26.43
Inventory Days	90.24	77.85	56.96	56.31	75.16	76.24	76.13	75.23	75	62.23	70.64
Payable days	55.6	54.86	48.37	58.79	84.24	80.18	70.17	68.16	69.7	61.43	82.21
PER(x)	1.91	0	13.73	25.25	26.07	19.65	19.42	13.37	13.18	45.88	25.78
Price/Book(x)	0.59	3.16	8.85	7.95	2.83	3	4.08	3.04	3.41	13.17	5.5
Dividend Yield(%)	0	0	0	0.3	0	0	0	1.59	4.34	0.65	1.6
EV/Net Sales(x)	0.52	0.59	1.63	1.88	0.86	0.89	1.39	1.05	1.21	4.87	2.22
EV/Core EBITDA(x)	3.26	5.14	11.92	17.6	14.54	12.55	13.74	8.74	8.67	31.9	20.19
Net Sales Growth(%)	22.95	38.11	45.4	5.95	-7.19	12.71	9.15	15.49	9.51	27.87	8.36
EBIT Growth(%)	44.3	-183.54	344.33	-20.48	-61.76	40.44	84.07	44.49	27.06	42.37	-20.69
PAT Growth(%)	58.95	-224.96	278.17	-32.36	-61.4	62.16	74.15	37.08	23.41	42.83	-12.75
EPS Growth(%)	58.95	-223.54	274.69	-31.69	-61.55	62.01	73.89	36.75	24.89	41.7	-13.13
Debt/Equity(x)	0.67	1.01	0.53	0.23	0.3	0.2	0.12	0.1	0.09	0.1	0.09
Current Ratio(x)	1.7	1.72	1.67	2.07	1.86	2.15	2.87	3.28	2.85	2.87	2.25
Quick Ratio(x)	0.76	0.64	0.81	0.93	0.66	0.87	1.18	1.64	1.5	1.77	1.02
Interest Cover(x)	5.76	-4.81	11.71	18.41	7.57	11.32	31.06	41.4	28.33	75.34	45.37
Total Debt/Mcap(x)	1.36	0.44	0.06	0.03	0.11	0.07	0.03	0.03	0.03	0.01	0.02

Vaibhav Global Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	58.34	58.4	58.35	58.16	58.1	58.08	58.08	57.96	57.89	57.91
FII	10.55	11.18	11.64	11.54	11.17	10.69	10.73	10.71	20.74	21.12
DII	20.99	20.46	19.11	18.51	18.51	18.62	18.5	18.39	6.58	6.38
Public	10.12	9.96	10.9	11.79	12.22	12.61	12.69	12.95	14.78	14.59
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	1.89	1.9	1.9	9.49	9.51	9.52	9.53	9.53	9.54	9.55
FII	0.34	0.36	0.38	1.88	1.83	1.75	1.76	1.76	3.42	3.48
DII	0.68	0.67	0.62	3.02	3.03	3.05	3.03	3.02	1.08	1.05
Public	0.33	0.32	0.35	1.92	2	2.07	2.08	2.13	2.44	2.41
Others	0	0	0	0	0	0	0	0	0	0
Total	3.25	3.25	3.25	16.32	16.37	16.39	16.4	16.44	16.48	16.49