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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Vaibhav Global Ltd

About the Company - Vaibhav Global Ltd

Vaibhav Global Ltd. is a Public Limited Listed company incorporated on 08/05/1989 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L36911RJ1989PLC004945 and registration number is 004945. Currently Company is involved in the business activities of Manufacture of jewellery and related articles. Company’s Total Operating Revenue is Rs. 489.10 Cr. and Equity Capital is Rs. 32.76 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Retail - Apparel/AccessoriesK- 6B, Fateh Tiba, Jaipur Rajasthan 302004investor_relations@vaibhavglobal.com
http://www.vaibhavglobal.com
Management
NamePosition Held
Mr. Harsh BahadurChairman
Mr. Sunil AgrawalManaging Director
Mr. James Patrick ClarkeDirector
Mr. Sunil GoyalDirector
Mrs. Sheela AgarwalDirector
Mr. Pulak Chandan PrasadDirector
Ms. Stephanie Renee SpongDirector
Mr. Sanjeev AgrawalDirector

Vaibhav Global Ltd. Share Price Update

Share PriceValue
Today₹463.50
Previous Day₹436.95

Basic Stock Data of Vaibhav Global Ltd

Market Cap 7,319 Cr.
Current Price 442
High / Low543/269
Stock P/E55.6
Book Value 73.9
Dividend Yield1.35 %
ROCE11.1 %
ROE9.02 %
Face Value 2.00

Data Source: screener.in

Competitors of Vaibhav Global Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aditya Birla Fashion & Retail Ltd 21,470 Cr. 226266/184 31.00.00 %5.03 %2.20 % 10.0
Trent Ltd 1,39,422 Cr. 3,9224,100/1,273172 82.00.06 %11.5 %11.9 % 1.00
7NR Retail Ltd 17.3 Cr. 6.1810.7/4.40 10.50.00 %1.76 %1.18 % 10.0
V2 Retail Ltd 1,308 Cr. 378413/67.079.7 71.60.00 %3.77 %5.10 % 10.0
Industry Average40,554.33 Cr1,133.0562.9348.780.02%5.52%5.10%7.75

Vaibhav Global Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales725666682635750685628646724693658705888
Expenses602588591568665647586596662646600642795
Operating Profit123789167853842506146586393
OPM %17%12%13%11%11%6%7%8%8%7%9%9%11%
Other Income47396-1522149732
Interest1212222223333
Depreciation9111113141717182022222323
Profit before tax1167211958682525315530404168
Tax %20%22%17%28%-2%-8%22%26%28%23%27%30%31%
Net Profit92569942692720233923302947
EPS in Rs5.683.446.052.584.241.661.191.392.361.421.801.782.87

Vaibhav Global Ltd Quarterly Chart

Vaibhav Global Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6458931,2981,3761,2771,4391,5711,8141,9862,5402,7522,6912,944
Expenses6108291,1551,2421,2181,3531,4221,6111,7252,1702,4712,4912,683
Operating Profit35641431345886148203262370281200261
OPM %5%7%11%10%5%6%9%11%13%15%10%7%9%
Other Income57-1263413171610141418502822
Interest14141477645956812
Depreciation97712242925253139557891
Profit before tax69-841551284566129188236344271141181
Tax %0%-2%2%19%11%2%13%18%20%21%12%26%
Net Profit69-861531034065112154190272237105129
EPS in Rs4.32-5.349.486.372.453.976.909.4311.7716.7014.506.367.87
Dividend Payout %0%0%2%9%0%0%0%21%57%30%41%94%

Vaibhav Global Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-224.64%277.91%-32.68%-61.17%62.50%72.31%37.50%23.38%43.16%-12.87%-55.70%
Change in YoY Net Profit Growth (%)0.00%502.54%-310.59%-28.49%123.67%9.81%-34.81%-14.12%19.78%-56.03%-42.83%

Vaibhav Global Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:11%
TTM:10%
Compounded Profit Growth
10 Years:3%
5 Years:-1%
3 Years:-18%
TTM:19%
Stock Price CAGR
10 Years:12%
5 Years:29%
3 Years:-15%
1 Year:34%
Return on Equity
10 Years:23%
5 Years:21%
3 Years:19%
Last Year:9%

Vaibhav Global Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital32323232323333333233333333
Reserves190832012963354025186647199311,0941,1681,190
Preference Capital44440000000000
Borrowings17816112476112856766102124165193185
Other Liabilities116125121126140157146179238307394392414
Total Liabilities5144014785306196767639421,0911,3951,6861,7861,822
Fixed Assets203586676126126120116154163467507598
CWIP000130019292754
Investments1303345121882280843436
Other Assets2993434094504875456328078479231,1081,2411,184
Total Assets5144014785306196767639421,0911,3951,6861,7861,822

Vaibhav Global Ltd Reserves and Borrowings Chart

Vaibhav Global Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4779178115-25744120421432688127
Cash from Investing Activity -3-22-68-3-42-26-23-22-184-267-4543
Cash from Financing Activity -48-30-108-6430-30-24-23-184-57-72-103
Net Cash Flow-427249-3719-6159-1551-2968

Vaibhav Global Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days211519131924302425243133
Inventory Days275252166187277221227239220180231238
Days Payable7454596199836674756510495
Cash Conversion Cycle222213126139197162191189170139158176
Working Capital Days1087745527570887573577477
ROCE %22%25%50%35%11%15%23%27%30%36%21%11%

Vaibhav Global Ltd Financial Efficiency Indicators Chart

Vaibhav Global Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters58.35%58.16%58.10%58.08%58.08%57.96%57.90%57.91%57.26%57.21%57.12%57.24%
FIIs11.64%11.54%11.17%10.69%10.73%10.71%20.74%21.13%21.64%21.89%22.66%22.05%
DIIs19.11%18.51%18.51%18.62%18.50%18.38%6.58%6.38%6.36%6.24%5.72%5.37%
Public10.89%11.72%12.05%12.52%12.57%12.76%14.64%14.44%14.63%14.59%14.42%15.28%
Others0.00%0.07%0.17%0.09%0.12%0.19%0.14%0.15%0.10%0.06%0.06%0.04%
No. of Shareholders29,96270,72783,54193,4341,03,9981,13,7741,36,9851,32,4911,30,6891,29,1361,19,8881,17,442

Vaibhav Global Ltd Shareholding Pattern Chart

No. of Vaibhav Global Ltd Shareholders

Vaibhav Global Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Flexi Cap Fund49976442.72248.18
Nippon India Nifty Smallcap 250 Index Fund388280.181.93
Motilal Oswal Nifty Smallcap 250 Index Fund237390.181.18
SBI Nifty Smallcap 250 Index Fund197200.180.98
ICICI Prudential Nifty Smallcap 250 Index Fund90040.180.45
Motilal Oswal Nifty 500 Index Fund23520.020.12
Edelweiss Nifty Smallcap 250 Index Fund10780.180.05
ICICI Prudential S&P BSE 500 ETF6300.020.03

Vaibhav Global Ltd ROCE Trend

Vaibhav Global Ltd EPS Trend

Vaibhav Global Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.0010.0010.0010.00
Basic EPS (Rs.)6.3914.5683.8658.6547.27
Diluted EPS (Rs.)6.2914.2481.5957.9245.84
Cash EPS (Rs.)11.0917.8295.5568.6754.73
Book Value[Excl.RevalReserv]/Share (Rs.)72.9668.88296.22232.78213.30
Book Value[Incl.RevalReserv]/Share (Rs.)72.9668.88296.22232.78213.30
Revenue From Operations / Share (Rs.)163.20168.04780.68615.48555.37
PBDIT / Share (Rs.)13.7818.51119.2385.6266.57
PBIT / Share (Rs.)9.0715.16107.2075.9159.03
PBT / Share (Rs.)8.5716.52105.7873.2357.61
Net Profit / Share (Rs.)6.3814.4883.5258.9547.20
NP After MI And SOA / Share (Rs.)6.3714.5183.5358.9547.20
PBDIT Margin (%)8.4411.0115.2713.9111.98
PBIT Margin (%)5.559.0213.7312.3310.62
PBT Margin (%)5.259.8213.5411.8910.37
Net Profit Margin (%)3.908.6110.699.578.49
NP After MI And SOA Margin (%)3.908.6310.699.578.49
Return on Networth / Equity (%)8.7321.0928.1925.3222.12
Return on Capital Employeed (%)11.7920.9535.3231.3927.52
Return On Assets (%)5.8614.0619.4817.4316.35
Total Debt / Equity (X)0.090.080.090.080.09
Asset Turnover Ratio (%)0.350.450.480.540.64
Current Ratio (X)2.362.252.872.853.28
Quick Ratio (X)1.121.021.771.501.64
Inventory Turnover Ratio (X)0.691.051.011.101.36
Dividend Payout Ratio (NP) (%)94.1241.2720.9054.0110.57
Dividend Payout Ratio (CP) (%)54.0733.5418.2746.379.12
Earning Retention Ratio (%)5.8858.7379.1045.9989.43
Cash Earning Retention Ratio (%)45.9366.4681.7353.6390.88
Interest Coverage Ratio (X)27.7249.7383.8031.9546.68
Interest Coverage Ratio (Post Tax) (X)13.8335.2659.7023.0034.10
Enterprise Value (Cr.)4370.146122.5312373.222396.111900.93
EV / Net Operating Revenue (X)1.622.224.871.211.05
EV / EBITDA (X)19.2320.1931.908.678.74
MarketCap / Net Operating Revenue (X)1.672.234.911.261.14
Retention Ratios (%)5.8758.7279.0945.9889.42
Price / BV (X)3.745.4412.943.342.96
Price / Net Operating Revenue (X)1.672.234.911.261.14
EarningsYield0.020.030.020.070.07

Vaibhav Global Ltd Profitability Ratios (%)

Vaibhav Global Ltd Liquidity Ratios

Vaibhav Global Ltd Liquidity Ratios (%)

Vaibhav Global Ltd Interest Coverage Ratios (X)

Vaibhav Global Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vaibhav Global Ltd

Fair Value: ₹375.62

The stock is overvalued by 15.02% compared to the current price ₹442

*Investments are subject to market risks

Strength and Weakness of Vaibhav Global Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 25.50%, which is a positive sign.
  2. The company has higher reserves (599.31 cr) compared to borrowings (6.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (119.46 cr) and profit (143.77 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 53.27 and average Dividend Yield of 10.25%.
  2. The stock has a high average Working Capital Days of 72.58, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 173.50, which may not be favorable.

Should I Buy Vaibhav Global Ltd Share Now?

  • Based on the analysis of various financial indicators, it may be worth considering investment in Vaibhav Global Ltd:
    1. Net Profit Margin: 3.90% (Higher values are generally favorable)
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.79% (Industry Average ROCE: 5.52%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 13.83 (Higher values, preferably > 2, are recommended)
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.12 (Higher values, preferably > 1, are recommended)
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 57.3 (Industry average Stock P/E: 62.43)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.09 (Lower values, preferably < 1, are preferred)
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    While these metrics suggest potential opportunity, it's essential to conduct thorough research or seek advice from financial experts before making any investment decisions.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vaibhav Global Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE