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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Vaibhav Global Ltd

Basic Stock Data

Last Updated: June 16, 2024, 10:18 pm

Market Cap 5,503 Cr.
Current Price 332
High / Low543/263
Stock P/E41.6
Book Value 75.9
Dividend Yield1.81 %
ROCE14.0 %
ROE10.8 %
Face Value 2.00
PEG Ratio-5.14

Competitors of Vaibhav Global Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Trent Ltd 1,89,768 Cr. 5,3395,460/1,657210 1140.06 %23.8 %27.2 % 1.00
Kewal Kiran Clothing Ltd 4,474 Cr. 726827/51029.0 1100.69 %31.2 %25.2 % 10.0
V2 Retail Ltd 2,144 Cr. 620645/10377.1 79.40.00 %10.7 %10.7 % 10.0
Aditya Birla Fashion & Retail Ltd 33,501 Cr. 330334/193 39.70.00 %0.40 %18.2 % 10.0
7NR Retail Ltd 14.5 Cr. 5.1810.7/4.40 10.20.00 %3.12 %3.79 % 10.0
Industry Average45,980.30 Cr1,404.0463.2270.660.15%13.84%17.02%8.20

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales666682635750685628646724693658705888789
Expenses588591568665647586596662646600642795736
Operating Profit78916785384250614658639353
OPM %12%13%11%11%6%7%8%8%7%9%9%11%7%
Other Income7396-15221497326
Interest2122222233333
Depreciation11111314171718202222232325
Profit before tax721195868252531553040416832
Tax %22%17%28%-2%-8%22%26%28%23%27%30%31%33%
Net Profit56994269272023392330294721
EPS in Rs3.446.052.584.241.661.191.392.361.421.801.782.871.29

Last Updated: June 10, 2024, 6:54 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 25, 2024, 9:14 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales8931,2981,3761,2771,4391,5711,8141,9862,5402,7522,6913,041
Expenses8291,1551,2421,2181,3531,4221,6111,7252,1702,4712,4912,772
Operating Profit641431345886148203262370281200268
OPM %7%11%10%5%6%9%11%13%15%10%7%9%
Other Income-1263413171610141418502819
Interest141477645956812
Depreciation7712242925253139557893
Profit before tax-841551284566129188236344271141182
Tax %-2%2%19%11%2%13%18%20%21%12%26%30%
Net Profit-861531034065112154190272237105127
EPS in Rs-5.349.486.372.453.976.909.4311.7716.7014.506.367.72
Dividend Payout %0%2%9%0%0%0%21%57%30%41%94%78%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)277.91%-32.68%-61.17%62.50%72.31%37.50%23.38%43.16%-12.87%-55.70%20.95%
Change in YoY Net Profit Growth (%)0.00%-310.59%-28.49%123.67%9.81%-34.81%-14.12%19.78%-56.03%-42.83%76.65%

Growth

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:7%
5 Years:14%
3 Years:-26%
1 Year:5%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:13%
Last Year:11%

Last Updated: June 17, 2024, 1:51 pm

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

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

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow20.00143.00134.0058.0086.00148.00203.00262.00370.00281.00200.00268.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days151913192430242524313338
Inventory Days252166187277221227239220180231238202
Days Payable5459619983667475651049576
Cash Conversion Cycle213126139197162191189170139158176164
Working Capital Days774552757088757357747786
ROCE %25%50%35%11%15%23%27%30%36%21%11%

Financial Efficiency Indicators Chart

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

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Flexi Cap Fund4,997,6442.72248.1838,8282024-06-2412771.24%
Nippon India Nifty Smallcap 250 Index Fund38,8280.181.9338,8282024-06-240%
Motilal Oswal Nifty Smallcap 250 Index Fund23,7390.181.1838,8282024-06-24-38.86%
SBI Nifty Smallcap 250 Index Fund19,7200.180.9838,8282024-06-24-49.21%
ICICI Prudential Nifty Smallcap 250 Index Fund9,0040.180.4538,8282024-06-24-76.81%
Motilal Oswal Nifty 500 Index Fund2,3520.020.1238,8282024-06-24-93.94%
Edelweiss Nifty Smallcap 250 Index Fund1,0780.180.0538,8282024-06-24-97.22%
ICICI Prudential S&P BSE 500 ETF6300.020.0338,8282024-06-24-98.38%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)7.746.3914.5683.8658.65
Diluted EPS (Rs.)7.596.2914.2481.5957.92
Cash EPS (Rs.)13.3011.0917.8295.5568.67
Book Value[Excl.RevalReserv]/Share (Rs.)76.0172.9668.88296.22232.78
Book Value[Incl.RevalReserv]/Share (Rs.)76.0172.9668.88296.22232.78
Revenue From Operations / Share (Rs.)183.71163.20168.04780.68615.48
PBDIT / Share (Rs.)17.8313.7818.51119.2385.62
PBIT / Share (Rs.)12.199.0715.16107.2075.91
PBT / Share (Rs.)10.998.5716.52105.7873.23
Net Profit / Share (Rs.)7.666.3814.4883.5258.95
NP After MI And SOA / Share (Rs.)7.736.3714.5183.5358.95
PBDIT Margin (%)9.708.4411.0115.2713.91
PBIT Margin (%)6.635.559.0213.7312.33
PBT Margin (%)5.985.259.8213.5411.89
Net Profit Margin (%)4.163.908.6110.699.57
NP After MI And SOA Margin (%)4.203.908.6310.699.57
Return on Networth / Equity (%)10.178.7321.0928.1925.32
Return on Capital Employeed (%)14.7711.7920.9535.3231.39
Return On Assets (%)6.775.8614.0619.4817.43
Total Debt / Equity (X)0.080.090.080.090.08
Asset Turnover Ratio (%)1.650.350.450.480.54
Current Ratio (X)2.332.362.252.872.85
Quick Ratio (X)1.191.121.021.771.50
Inventory Turnover Ratio (X)0.510.691.051.011.10
Dividend Payout Ratio (NP) (%)0.0094.1241.2720.9054.01
Dividend Payout Ratio (CP) (%)0.0054.0733.5418.2746.37
Earning Retention Ratio (%)0.005.8858.7379.1045.99
Cash Earning Retention Ratio (%)0.0045.9366.4681.7353.63
Interest Coverage Ratio (X)25.1927.7249.7383.8031.95
Interest Coverage Ratio (Post Tax) (X)12.5113.8335.2659.7023.00
Enterprise Value (Cr.)6037.664370.146122.5312373.222396.11
EV / Net Operating Revenue (X)1.991.622.224.871.21
EV / EBITDA (X)20.4619.2320.1931.908.67
MarketCap / Net Operating Revenue (X)1.981.672.234.911.26
Retention Ratios (%)0.005.8758.7279.0945.98
Price / BV (X)4.803.745.4412.943.34
Price / Net Operating Revenue (X)1.981.672.234.911.26
EarningsYield0.020.020.030.020.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 347.18

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 4.57% compared to the current price 332

Intrinsic Value: 319.09

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 3.89% compared to the current price ₹332

Last 5 Year EPS CAGR: -8.09%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 23.67%, which is a positive sign.
  2. The company has higher reserves (636.33 cr) compared to borrowings (3.67 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (75.75 cr) and profit (150.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 70.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 168.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vaibhav Global Ltd:
    1. Net Profit Margin: 4.16%
      • 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: 14.77% (Industry Average ROCE: %)
      • 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. ROE%: 10.17% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 12.51
      • 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.
    5. Quick Ratio: 1.19
      • 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.
    6. ✗ Stock P/E: 41.6 (Industry average Stock P/E: )
      • 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.
    7. Total Debt / Equity: 0.08
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

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

FAQ

What is the latest fair value of Vaibhav Global Ltd?

The latest fair value of Vaibhav Global Ltd is ₹347.18.

What is the Market Cap of Vaibhav Global Ltd?

The Market Cap of Vaibhav Global Ltd is 5,503 Cr..

What is the current Stock Price of Vaibhav Global Ltd as on 23 June 2024?

The current stock price of Vaibhav Global Ltd as on 23 June 2024 is ₹332.

What is the High / Low of Vaibhav Global Ltd stocks in FY 2024?

In FY 2024, the High / Low of Vaibhav Global Ltd stocks is 543/263.

What is the Stock P/E of Vaibhav Global Ltd?

The Stock P/E of Vaibhav Global Ltd is 41.6.

What is the Book Value of Vaibhav Global Ltd?

The Book Value of Vaibhav Global Ltd is 75.9.

What is the Dividend Yield of Vaibhav Global Ltd?

The Dividend Yield of Vaibhav Global Ltd is 1.81 %.

What is the ROCE of Vaibhav Global Ltd?

The ROCE of Vaibhav Global Ltd is 14.0 %.

What is the ROE of Vaibhav Global Ltd?

The ROE of Vaibhav Global Ltd is 10.8 %.

What is the Face Value of Vaibhav Global Ltd?

The Face Value of Vaibhav Global Ltd is 2.00.

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