Vaibhav Global Ltd.

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vaibhavglobal.comBSE: 532156NSE: VAIBHAVGBL

Market Cap₹ 3,570 Cr.

Current Price

High / Low₹ 293 / 174

Stock P/E13.7

Book Value₹ 52

Price to Book3.38

Dividend Yield2.82 %

ROCE25.6 %

ROE33.1 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company has delivered good profit growth of 40.5% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23.7%
Company has a healthy return on capital (ROCE) of 20.4%
Latest quarter profit grew 47.2% YoY, showing strong momentum
Company has been maintaining a healthy dividend payout of 39.1%

CONS

A large part of profit comes from other income (68.4% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.16x)
Effective tax rate is unusually low at -16.9% - earnings may be flattered
Working capital days have increased from 149 to 224 days
Operating margins have contracted to 5.0% from 26.3%
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesDiamond & JewelleryDiamond & Jewellery

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	TITAN	5005.00	77.14	444336.97	0.30	1777.00	62.88	21356.00	44.16	21.90	13.54
2.	KALYANKJIL	600.65	43.23	62032.19	0.42	348.67	32.03	10588.93	45.68	24.86	5.97
3.	LALITHAA	338.50	18.76	18946.18	0.00	2082.17	—	60312.32	—	43.11	6.18
4.	THANGAMAYL	5135.45	40.82	15962.02	0.35	85.09	86.15	2666.38	71.44	26.62	5.43
5.	BLUESTONE	890.30	241.52	13601.89	0.00	59.61	271.56	7368.46	1395.59	9.24	14.50
6.	PCJEWELLER	13.70	17.25	13360.42	0.00	221.88	37.02	877.04	20.99	9.68	27.54
7.	SKYGOLD	827.45	38.25	12815.04	0.00	104.90	140.67	2012.79	77.93	27.61	7.79
8.	AUGMONT	886.85	24.27	8103.46	0.00	—	—	—	—	70.86	—
9.	SENCO	346.45	9.95	5678.35	0.51	101.14	-3.35	3056.03	67.34	22.86	6.97
10.	GOLDIAM	324.65	23.18	4887.84	0.64	73.97	120.06	326.03	41.92	24.85	20.33
11.	VAIBHAVGBL	212.80	12.53	3570.14	2.82	563.83	1398.27	9170.73	1026.99	18.41	10.55
12.	TBZ	522.35	16.31	3485.67	0.48	33.92	50.76	840.97	34.78	23.29	8.60

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	126	116	129	118	148	165	190	171	142	140	145	136	158
	118	113	126	116	136	155	177	169	137	130	134	134	145
Operating Profit	8	3	3	2	12	11	13	2	5	10	11	2	13
OPM %	6.24%	2.92%	2.34%	1.70%	8.06%	6.37%	6.68%	0.96%	3.49%	7.37%	7.73%	1.32%	8.25%
	5	22	5	22	5	50	31	86	10	63	33	103	5
Interest	2	2	2	2	2	2	2	3	2	2	3	2	2
Depreciation	2	2	2	2	2	2	2	2	2	2	2	2	2
Profit before Tax	9	22	3	20	13	57	40	83	11	69	40	100	18
Tax %	22.74%	4.19%	18.50%	0.95%	15.85%	4.85%	7.49%	0.86%	15.07%	2.69%	5.79%	-42.75%	26.04%
Net Profit	7	21	3	20	11	54	37	83	9	67	38	143	13
	0.42	1.25	0.17	1.20	0.66	3.26	2.21	4.97	0.54	4.02	2.26	8.58	0.79

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	482	470	480	431	416	489	436	489	674	563	579
	443	431	441	400	404	469	422	473	637	535	542
Operating Profit	38	39	40	31	12	20	14	16	37	28	36
OPM %	7.99%	8.24%	8.29%	7.22%	2.95%	4.12%	3.31%	3.33%	5.46%	5.03%	6.28%
	3	4	9	112	46	101	100	53	171	208	203
Interest	5	3	4	6	2	3	4	7	9	10	9
Depreciation	8	4	4	4	5	6	7	8	7	8	8
Profit before Tax	28	36	41	133	51	112	103	54	193	219	227
Tax %	20.68%	15.23%	19.20%	4.01%	8.50%	-14.78%	2.89%	6.99%	4.41%	-16.91%	-15.00%
Net Profit	22	31	33	127	47	129	100	50	184	257	261
EPS	6.69	9.20	9.80	38.77	2.81	7.72	5.99	3.04	11.08	15.36	—
Dividend Payout %	0.00%	0.00%	99.08%	85.50%	173.69%	76.27%	99.03%	197.63%	54.16%	39.06%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 6%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 30%
5 Years:: 41%
3 Years:: 37%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: -23%
3 Years:: -20%
1 Year:: -9%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 22%
3 Years:: 24%
Last Year:: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	33	33	33	32	33	33	33	33	33	33
	463	496	513	492	480	539	564	538	651	833
	72	67	66	64	56	94	109	97	114	112
Trade Payables	44	28	35	36	33	58	64	67	89	54
	18	19	75	22	36	12	12	15	15	-30
Total Liabilities	630	642	721	647	638	735	782	751	903	1,002
	42	41	41	51	55	63	64	62	63	61
Capital Work in Progress	0	0	0	4	5	0	0	0	0	0
	297	304	311	298	293	302	307	303	334	394
	97	110	93	107	118	114	121	147	141	173
	0	0	0	0	0	0	0	104	211	202
Cash & Bank	13	29	180	79	55	40	51	56	67	64
	180	158	96	109	112	216	238	78	88	110
Total Assets	630	642	721	647	638	735	782	751	903	1,002

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	42	41	191	-35	10	-16	18	70	6	2
Cash from Investing	-2	-7	-10	44	82	57	65	39	97	100
Cash from Financing	-25	-10	-22	-167	-74	-52	-74	-112	-86	-105
	6	16	151	-164	15	-16	7	-2	17	-3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57.18	57.30	57.30	57.30	57.19	57.18	57.11	57.43	57.33
	21.48	19.20	18.37	18.59	18.52	18.68	18.06	16.44	16.66
	1.88	0.73	0.74	0.85	0.91	1.24	1.67	2.23	2.22
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	19.46	22.77	23.60	23.25	23.38	22.90	23.16	23.90	23.80

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Allotment of Securities

2026-09-08 - Vaibhav Global Limited has informed the Exchange regarding allotment of 151969 securities pursuant to ESOP/ESPS at its meeting held on September 08, 2026

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Vaibhav Global Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-04 - Vaibhav Global Limited has informed the Exchange about Schedule of meet

2026-09-01

Credit Rating

2026-09-01 - Vaibhav Global Limited has informed the Exchange about Credit Rating

2026-08-21

Press Release

2026-08-21 - Vaibhav Global Limited has informed the Exchange regarding a press release dated August 21, 2026, titled "ICRA Upgrades Vaibhav Global s ESG Rating".

2026-08-18

Press Release

2026-08-18 - Vaibhav Global Limited has informed the Exchange regarding a press release dated August 18, 2026, titled "VGL Honored with India Risk Management Award".

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Vaibhav Global Limited has informed the Exchange about Transcript

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Vaibhav Global Limited has informed the Exchange about Schedule of meet

2026-08-06

Copy of Newspaper Publication

2026-08-06 - Vaibhav Global Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for VAIBHAVGBL

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