Vaibhav Global Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹178.64Overvalued by 14.53%vs CMP ₹209.00

P/E (12.3) × ROE (17.9%) × BV (₹98.60) × DY (2.86%)

₹170.66Overvalued by 18.34%vs CMP ₹209.00

MoS: -22.5% (Negative)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹173.52	22%	Over (-17%)
Graham Number	Earnings	₹166.79	16%	Over (-20.2%)
Earnings Power	Earnings	₹38.52	11%	Over (-81.6%)
DCF	Cash Flow	₹103.61	13%	Over (-50.4%)
Net Asset Value	Assets	₹97.99	7%	Over (-53.1%)
EV/EBITDA	Enterprise	₹254.96	9%	Under (+22%)
Earnings Yield	Earnings	₹125.40	7%	Over (-40%)
ROCE Capital	Returns	₹361.22	9%	Under (+72.8%)
Revenue Multiple	Revenue	₹301.46	5%	Under (+44.2%)
Consensus (9 models)		₹170.66	100%	Overvalued

Key Drivers: Wide model spread (₹39–₹361) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.9%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 3:53 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹3,380.00 Cr, versus ₹3,041.00 Cr in Mar 2024 (11.1% year on year). Net profit for Mar 2025 was ₹153.00 Cr, versus ₹127.00 Cr in Mar 2024 (20.5% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹165.00 Cr against net profit of ₹153.00 Cr. Cash flow covered 1.08 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹416.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Vaibhav Global Ltd scores 75/100 (Strong)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health89/100 · Strong

ROCE 16.4% GoodROE 17.9% GoodD/E 0.08 Low debtInterest Coverage 21.2x StrongProfitable 5/5 available years Reported history

Smart Money45/100 · Moderate

FII holding down -2.02% (6mo) SellingDII holding up 0.98% MF buyingPromoter holding at 57.3% Stable

Earnings Quality75/100 · Strong

CFO/NP ratio: 1.48x Cash-backed earningsOPM stable around 9% Steady

Quarterly Momentum80/100 · Strong

Revenue (4Q): +9% YoY GrowingProfit (4Q): +50% YoY Strong

Industry Rank60/100 · Moderate

P/E 12.3 vs industry 42.2 Lower P/EROCE 16.4% vs industry 18.5% Average3Y sales CAGR: 7% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 3:53 am

Market Cap	3,515 Cr.
Current Price	209
Intrinsic Value	₹170.66
High / Low	293/174
Stock P/E	12.3
Book Value	98.6
Dividend Yield	2.86 %
ROCE	16.4 %
ROE	17.9 %
Face Value	2.00
PEG Ratio	-4.30

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vaibhav Global Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Vaibhav Global Ltd	3,515 Cr.	209	293/174	12.3	98.6	2.86 %	16.4 %	17.9 %	2.00
Kewal Kiran Clothing Ltd	2,943 Cr.	478	584/408	21.7	150	0.84 %	17.8 %	13.7 %	10.0
Go Fashion (India) Ltd	1,670 Cr.	318	715/237	31.3	131	0.00 %	10.8 %	8.52 %	10.0
Aditya Birla Fashion & Retail Ltd	5,990 Cr.	49.1	92.9/48.7		47.8	0.00 %	3.76 %	13.6 %	10.0
V2 Retail Ltd	7,863 Cr.	216	259/172	49.6	24.8	0.00 %	19.3 %	22.9 %	1.00
Industry Average	28,316.67 Cr	409.03		42.17	75.20	0.38%	18.47%	25.75%	5.80

All Competitor Stocks of Vaibhav Global Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	724	693	658	705	888	789	756	796	977	850	814	877	1,066
Expenses	662	646	600	642	795	736	699	736	868	788	752	800	930
Operating Profit	61	46	58	63	93	53	57	60	110	62	62	78	136
OPM %	8%	7%	9%	9%	11%	7%	8%	8%	11%	7%	8%	9%	13%
Other Income	14	9	7	3	2	6	9	9	2	8	13	11	5
Interest	2	3	3	3	3	3	3	4	4	4	4	3	4
Depreciation	20	22	22	23	23	25	25	26	26	25	25	24	25
Profit before tax	55	30	40	41	68	32	37	39	82	41	46	60	112
Tax %	28%	23%	27%	30%	31%	33%	27%	29%	22%	17%	18%	21%	20%
Net Profit	39	23	30	29	47	21	27	28	64	34	38	48	90
EPS in Rs	2.36	1.42	1.80	1.78	2.87	1.29	1.67	1.67	3.84	2.05	2.26	2.85	5.38

Last Updated: February 3, 2026, 4:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:10 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,298	1,376	1,277	1,439	1,571	1,814	1,986	2,540	2,752	2,691	3,041	3,380	3,607
Expenses	1,155	1,242	1,218	1,353	1,422	1,611	1,725	2,170	2,471	2,491	2,772	3,090	3,270
Operating Profit	143	134	58	86	148	203	262	370	281	200	269	290	337
OPM %	11%	10%	5%	6%	9%	11%	13%	15%	10%	7%	9%	9%	9%
Other Income	34	13	17	16	10	14	14	18	50	28	19	27	37
Interest	14	7	7	6	4	5	9	5	6	8	12	15	14
Depreciation	7	12	24	29	25	25	31	39	55	78	93	102	100
Profit before tax	155	128	45	66	129	188	236	344	271	141	182	200	259
Tax %	2%	19%	11%	2%	13%	18%	20%	21%	12%	26%	30%	24%
Net Profit	153	103	40	65	112	154	190	272	237	105	127	153	209
EPS in Rs	9.48	6.37	2.45	3.97	6.90	9.43	11.77	16.70	14.50	6.36	7.72	9.22	12.54
Dividend Payout %	2%	9%	0%	0%	0%	21%	57%	30%	41%	94%	78%	16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-32.68%	-61.17%	62.50%	72.31%	37.50%	23.38%	43.16%	-12.87%	-55.70%	20.95%	20.47%
Change in YoY Net Profit Growth (%)	0.00%	-28.49%	123.67%	9.81%	-34.81%	-14.12%	19.78%	-56.03%	-42.83%	76.65%	-0.48%

Vaibhav Global Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	11%
3 Years:	7%
TTM:	10%

Compounded Profit Growth
10 Years:	4%
5 Years:	-4%
3 Years:	-11%
TTM:	24%

Stock Price CAGR
10 Years:	11%
5 Years:	-8%
3 Years:	-15%
1 Year:	-31%

Return on Equity
10 Years:	17%
5 Years:	16%
3 Years:	11%
Last Year:	12%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: July 27, 2026, 6:00 am

Month	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
Borrowings	76	112	85	67	66	102	124	165	193	218	228	416
Other Liabilities	126	140	157	146	179	238	307	394	392	405	456	481
Total Liabilities	530	619	676	763	942	1,091	1,395	1,686	1,786	1,881	2,034	2,544
Fixed Assets	76	126	126	120	116	154	163	467	507	616	566	699
CWIP	1	3	0	0	1	9	29	27	5	6	11	26
Investments	3	4	5	12	18	82	280	84	34	128	116	19
Other Assets	450	487	545	632	807	847	923	1,108	1,241	1,131	1,342	1,801
Total Assets	530	619	676	763	942	1,091	1,395	1,686	1,786	1,881	2,034	2,544

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	115	-25	74	41	204	214	326	88	127	277	165	310
Cash from Investing Activity +	-3	-42	-26	-23	-22	-184	-267	-45	43	-183	-5	81
Cash from Financing Activity +	-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	242
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%	110%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	92.00	-72.00	55.00	23.00	184.00	184.00	269.00	-213.00	92.00	233.00	135.00	290.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	19	13	19	24	30	24	25	24	31	33	38	35
Inventory Days	166	187	277	221	227	239	220	180	231	238	202	219
Days Payable	59	61	99	83	66	74	75	65	104	95	76	73
Cash Conversion Cycle	126	139	197	162	191	189	170	139	158	176	164	181
Working Capital Days	23	31	45	49	72	62	59	42	58	59	55	60
ROCE %	50%	35%	11%	15%	23%	27%	30%	36%	21%	11%	14%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	57.12%	57.24%	57.22%	57.18%	57.30%	57.30%	57.30%	57.19%	57.18%	57.11%	57.43%	57.33%
FIIs	22.66%	22.05%	22.68%	21.48%	19.20%	18.37%	18.59%	18.52%	18.68%	18.06%	16.44%	16.66%
DIIs	5.72%	5.37%	2.57%	1.88%	0.73%	0.74%	0.85%	0.91%	1.24%	1.67%	2.23%	2.22%
Public	14.42%	15.28%	17.45%	19.33%	22.62%	23.46%	23.14%	23.26%	22.86%	23.11%	23.87%	23.76%
Others	0.06%	0.04%	0.07%	0.13%	0.15%	0.13%	0.12%	0.12%	0.04%	0.04%	0.03%	0.03%
No. of Shareholders	1,19,888	1,17,442	1,20,854	1,27,316	1,44,887	1,43,606	1,44,882	1,43,742	1,39,264	1,35,802	1,33,255	1,29,789

Shareholding Pattern Chart

No. of Shareholders

Vaibhav Global Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Flexi Cap Fund	1,325,000	0.39	45.19	1,325,000	2025-04-22 17:25:16	0%
Nippon India Nifty Smallcap 250 Index Fund	50,815	0.1	1.73	50,815	2025-04-22 17:25:16	0%
SBI Nifty Smallcap 250 Index Fund	27,086	0.1	0.84	27,086	2025-04-22 17:25:16	0%
Motilal Oswal Nifty Smallcap 250 Index Fund	23,186	0.1	0.79	23,186	2025-04-22 17:25:16	0%
ICICI Prudential Nifty Smallcap 250 Index Fund	10,950	0.1	0.34	10,950	2025-04-22 17:25:16	0%
Motilal Oswal Nifty 500 Index Fund	5,706	0.01	0.19	5,706	2025-04-22 17:25:16	0%
Edelweiss Nifty Smallcap 250 Index Fund	2,009	0.1	0.06	2,009	2025-04-22 17:25:16	0%
Motilal Oswal Nifty Smallcap 250 ETF	1,316	0.1	0.04	1,316	2025-04-22 17:25:16	0%
ICICI Prudential BSE 500 ETF	808	0.01	0.02	808	2025-04-22 17:25:16	0%
Motilal Oswal Nifty 500 ETF	192	0.01	0.01	192	2025-04-22 17:25:16	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	9.25	7.74	6.39	14.56	83.86
Diluted EPS (Rs.)	9.10	7.59	6.29	14.24	81.59
Cash EPS (Rs.)	15.37	13.30	11.09	17.82	95.55
Book Value[Excl.RevalReserv]/Share (Rs.)	81.27	76.01	72.96	68.88	296.22
Book Value[Incl.RevalReserv]/Share (Rs.)	81.27	76.01	72.96	68.88	296.22
Revenue From Operations / Share (Rs.)	203.45	183.71	163.20	168.04	780.68
PBDIT / Share (Rs.)	19.10	17.83	13.78	18.51	119.23
PBIT / Share (Rs.)	12.95	12.19	9.07	15.16	107.20
PBT / Share (Rs.)	12.05	10.99	8.57	16.52	105.78
Net Profit / Share (Rs.)	9.22	7.66	6.38	14.48	83.52
NP After MI And SOA / Share (Rs.)	9.23	7.73	6.37	14.51	83.53
PBDIT Margin (%)	9.38	9.70	8.44	11.01	15.27
PBIT Margin (%)	6.36	6.63	5.55	9.02	13.73
PBT Margin (%)	5.92	5.98	5.25	9.82	13.54
Net Profit Margin (%)	4.53	4.16	3.90	8.61	10.69
NP After MI And SOA Margin (%)	4.53	4.20	3.90	8.63	10.69
Return on Networth / Equity (%)	11.36	10.17	8.73	21.09	28.19
Return on Capital Employeed (%)	14.78	14.77	11.79	20.95	35.32
Return On Assets (%)	7.51	6.77	5.86	14.06	19.48
Total Debt / Equity (X)	0.08	0.08	0.09	0.08	0.09
Asset Turnover Ratio (%)	1.72	1.65	0.35	0.45	0.48
Current Ratio (X)	2.37	2.33	2.36	2.25	2.87
Quick Ratio (X)	1.18	1.19	1.12	1.02	1.77
Inventory Turnover Ratio (X)	5.21	0.51	0.69	1.05	1.01
Dividend Payout Ratio (NP) (%)	64.97	77.56	94.12	41.27	20.90
Dividend Payout Ratio (CP) (%)	38.99	44.83	54.07	33.54	18.27
Earning Retention Ratio (%)	35.03	22.44	5.88	58.73	79.10
Cash Earning Retention Ratio (%)	61.01	55.17	45.93	66.46	81.73
Interest Coverage Ratio (X)	21.23	25.19	27.72	49.73	83.80
Interest Coverage Ratio (Post Tax) (X)	11.25	12.51	13.83	35.26	59.70
Enterprise Value (Cr.)	3625.06	6037.66	4370.14	6122.53	12373.22
EV / Net Operating Revenue (X)	1.07	1.99	1.62	2.22	4.87
EV / EBITDA (X)	11.43	20.46	19.23	20.19	31.90
MarketCap / Net Operating Revenue (X)	1.08	1.98	1.67	2.23	4.91
Retention Ratios (%)	35.02	22.43	5.87	58.72	79.09
Price / BV (X)	2.70	4.80	3.74	5.44	12.94
Price / Net Operating Revenue (X)	1.08	1.98	1.67	2.23	4.91
EarningsYield	0.04	0.02	0.02	0.03	0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Vaibhav Global Ltd and is it undervalued?

Vaibhav Global Ltd: the stored intrinsic value estimate is ₹170.66, compared with a stored share price of ₹209.00. The model value is 18.3% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Vaibhav Global Ltd?

The stored share price is ₹209.00. Price-data record updated: 24 September 2026, 3:53 am +05:30. This is not a live quote. The stored 52-week high / low is 293/174; this is a rolling range, not a financial-year range.

How have Vaibhav Global Ltd's revenue and profit changed?

Does Vaibhav Global Ltd's profit convert into cash?

What should I check in Vaibhav Global Ltd's balance sheet?

Reported borrowings were ₹416.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Vaibhav Global Ltd's P/E with other stocks?

The stored P/E is 12.30. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Vaibhav Global Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.