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Vaibhav Global

VAIBHAVGBL NSE
₹160.19 +3.96 (+2.53%)
P/E
9.39
View as Markdown
MCP
Close 4 Nov 2026 ₹160.19 −105.76 −39.8% 1Y
Start ₹265.95

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
16.40%
Debt to Equity
0.25
EPS (TTM)
₹17.06
Book Value
₹102.09
Market Cap
—
P/E (TTM)
9.39
P/B
1.57
ROE
17.90%
Dividend Yield
1.92%
EBITDA
₹400 Cr
52W High
₹282.30
52W Low
₹154.49
Day Range
₹155.10 – ₹160.83
Volume
3,95,062

Peer Comparison

Consumer Discretionary › Consumer Goods › Jewellery & Watches › Gems, Jewellery And Watches

Vaibhav Global peer comparison
Titan
₹4,754.4073.27₹4,08,204 Cr26.880.33%37.70%20.50%₹92,417 Cr₹5,760 Cr
Kalyan Jewellers
₹529.0538.06₹52,836 Cr8.660.49%24.80%21.20%₹39,063 Cr₹1,436 Cr
Lalithaa Jewellery Mart
₹366.0519.89₹20,211 Cr4.960.00%40.20%38.00%₹21,635 Cr₹922 Cr
PC Jeweller
₹15.8216.48₹14,560 Cr1.670.00%9.96%9.60%₹3,505 Cr₹775 Cr
Thangamayil Jewellery
₹4,285.9034.07₹14,306 Cr9.410.40%28.10%25.50%₹9,622 Cr₹392 Cr
Sky Gold & Diamonds
₹927.2042.85₹13,567 Cr10.220.23%28.90%26.90%₹7,176 Cr₹344 Cr
BlueStone Jewellery & Lifestyle
₹690.6599.80₹10,225 Cr5.750.00%1.11%6.78%₹2,912 Cr₹102 Cr
Vaibhav Global (this company)
₹160.199.39₹2,651 Cr1.571.92%17.90%16.40%₹3,795 Cr₹285 Cr
Median 8 companies₹609.8536.07₹14,433 Cr7.210.28%26.45%20.85%₹8,399 Cr₹584 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
70
Strong
Returns, margins, earnings quality 22% weight
Valuation
84
Strong
Cheap vs sector & own history 24% weight
Growth
44
Weak
Sales & profit trajectory 9% weight
Financial Health
71
Strong
Solvency, leverage, coverage 9% weight
Momentum
10
Poor
Trend strength, vol-adjusted 12% weight
Ownership
36
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 60.1%

Weaknesses

4
  • The company has delivered a poor sales growth of 7.77% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.7% over last 3 years.
  • Company might be capitalizing the interest cost

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1216
OscillatorsStrong Bullish216
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
24.61
Bullish
MACD (12,26,9)
−13.21
Bearish
SMA (50)
202.44
Bearish
SMA (200)
222.44
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.20%
5Y+7.77%
3Y+11.12%
1Y+9.23%
TTM+10.42%

Net profit

Net profit growth by window
10Y+20.86%
5Y−0.45%
3Y+36.32%
1Y+73.86%
TTM+73.78%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5Y−1.00%
3Y+34.64%
1Y+87.88%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+5.24 pp
5Y−4.79 pp
3Y+2.35 pp
1Y+1.20 pp
TTM+1.83 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,439 Cr
Mar 2018₹1,571 Cr
Mar 2019₹1,814 Cr
Mar 2020₹1,986 Cr
Mar 2021₹2,540 Cr
Mar 2022₹2,752 Cr
Mar 2023₹2,691 Cr
Mar 2024₹3,041 Cr
Mar 2025₹3,380 Cr
Mar 2026₹3,692 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹65.00 Cr
Mar 2018₹112 Cr
Mar 2019₹154 Cr
Mar 2020₹190 Cr
Mar 2021₹272 Cr
Mar 2022₹237 Cr
Mar 2023₹105 Cr
Mar 2024₹127 Cr
Mar 2025₹153 Cr
Mar 2026₹266 Cr

AI News Digest

94d ago

TL;DR: Vaibhav Global delivered a strong FY26 with 73.8% PAT growth and 9.2% revenue expansion, signaling robust operational leverage. No material headwinds emerged in recent news flow. ESG disclosures and upcoming Q1FY27 earnings call on Aug 5 will be the next catalysts to watch for continuation of the improving profitability trend.

Positives 1
  • Strong FY26 PAT up 73.8% Jul 13

    Vaibhav Global reported FY26 consolidated PAT of ₹266 crore (+73.8% YoY) and revenue of ₹3,692 crore (+9.2% YoY), with EBITDA at ₹399 crore.

Neutral 2
  • Q1FY27 earnings call Aug 5 Jul 20

    Management will discuss Q1FY27 quarterly performance with investors and analysts on August 5, 2026, at 2:30 PM IST.

  • BRSR filed for FY26 Jul 13

    Filed Business Responsibility & Sustainability Report for FY26 disclosing ESG initiatives, zero corruption violations, and improved sustainability ratings.

Quarterly Results

₹ Cr
VAIBHAVGBL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
658
705
888
789
756
796
977
850
814
877
1,066
935
917
938
Expenses
600
642
795
736
699
736
868
788
752
800
930
851
820
870
Operating Profit
58
63
93
53
57
60
110
62
62
78
136
83
97
68
OPM %
9%
9%
11%
7%
8%
8%
11%
7%
8%
9%
13%
9%
11%
7%
Other Income
7
3
2
6
9
9
2
8
13
11
5
13
5
8
Interest
3
3
3
3
3
4
4
4
4
3
4
4
5
5
Depreciation
22
23
23
25
25
26
26
25
25
24
25
28
27
27
PBT
40
41
68
32
37
39
82
41
46
60
112
64
71
44
Tax %
27%
30%
31%
33%
27%
29%
22%
17%
18%
21%
20%
−43%
20%
6%
Net Profit
30
29
47
21
27
28
64
34
38
48
90
91
56
42
EPS (₹)
1.8
1.78
2.87
1.29
1.67
1.67
3.84
2.05
2.26
2.85
5.38
5.46
3.37
—

Sep 2026: from the results filed on 29 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
VAIBHAVGBL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,376
1,277
1,439
1,571
1,814
1,986
2,540
2,752
2,691
3,041
3,380
3,692
3,795
Expenses
1,242
1,218
1,353
1,422
1,611
1,725
2,170
2,471
2,491
2,772
3,090
3,331
3,402
Operating Profit
134
58
86
148
203
262
370
281
200
269
290
361
393
OPM %
10%
4.6%
6%
9%
11%
13%
15%
10%
7%
9%
9%
10%
10%
Other Income
13
17
16
10
14
14
18
50
28
19
28.04
39
34
Interest
7
7
6
4
5
9
5
6
8
12
15
15
16
Depreciation
12
24
29
25
25
31
39
55
78
93
102
103
104
PBT
128
45
66
129
188
236
344
271
141
182
200
282
307
Tax %
19%
11%
2%
13%
18%
20%
21%
12%
26%
30%
24%
6%
—
Net Profit
103
40
65
112
154
190
272
237
105
127
153
266
285
EPS (₹)
6.37
2.45
3.97
6.9
9.43
11.77
16.7
14.5
6.36
7.72
9.22
15.93
17.06
Div. Payout %
9%
0%
0%
0%
21%
57%
30%
41%
94%
78%
65%
38%
—

Balance Sheet

₹ Cr
VAIBHAVGBL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Cash Flow

₹ Cr
VAIBHAVGBL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
115
−25
74
41
204
214
326
88
127
277
165
310
Investing
−3
−42
−26
−23
−22
−184
−267
−45
43
−183
−5
81
Financing
−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

Ratios

VAIBHAVGBL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
13
19
24
30
24
25
24
31
33
38
35
34
Inventory Days
187
277
221
227
239
220
180
231
238
202
219
232
Days Payable
61
99
83
66
74
75
65
104
95
76
73
77
Cash Conversion Cycle
139
197
162
191
189
170
139
158
176
164
181
189
Working Capital Days
31
45
49
72
62
59
42
58
59
55
60
68
ROCE %
35%
11%
15%
23%
27%
30%
36%
21%
11%
14%
14%
16%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vaibhav Global insights

71 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 57.19%
  • Public 20.46%
  • FIIs 16.26%
  • Others 3.85%
  • DIIs 2.24%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Vaibhav Global

What does Vaibhav Global Ltd do?
Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK.
Where is Vaibhav Global Ltd (VAIBHAVGBL) listed?
Vaibhav Global Ltd trades as VAIBHAVGBL on the NSE and under code 532156 on the BSE.
Which sector does Vaibhav Global Ltd belong to?
Vaibhav Global Ltd is classified under the Consumer Goods sector, in the Jewellery & Watches industry.
What is the PE ratio of Vaibhav Global Ltd?
Vaibhav Global Ltd trades at a PE ratio of 9.39 as of 4 Nov 2026, on earnings per share of ₹17.06, against a book value of ₹102.09 per share.
What is the 52-week high and low of Vaibhav Global Ltd?
Over the last 52 weeks Vaibhav Global Ltd has traded between ₹154.49 and ₹282.3 as of 4 Nov 2026.
Does Vaibhav Global Ltd pay dividends?
Vaibhav Global Ltd has a dividend yield of 1.92%.
What is the Return on Equity (ROE) of Vaibhav Global Ltd?
Vaibhav Global Ltd reported a return on equity of 17.90%. Its debt-to-equity ratio is 0.25.

Company Information

Vaibhav Global Limited (VGL), through its distinctive business model, has created a niche for itself in the global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK.

Website vaibhavglobal.com
CEO Mr. Sunil Agrawal
Employees 1,138
Listed 5 Apr 2004
Face Value ₹2

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