Vaibhav Global Limited

Vaibhav Global Limited

VAIBHAVGBL.NS
Vaibhav Global LimitedIN flagNational Stock Exchange of India
255.88
INR
-5.48
- -
42.80BMarket Cap
Vaibhav Global Limited
VAIBHAVGBL.NS
(National Stock Exchange of India)

Recent

price

255.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
33.18
40.76
56.16
81.05
85.34
78.59
88.36
95.7
111.09
122.36
156.58
167.92
163.03
182.84
203.84
221.54
168.96
Revenue per Share
2.69
4.29
-5.39
9.53
6.4
2.45
3.97
6.91
9.45
11.73
16.77
14.56
6.39
7.74
9.25
15.97
13.12
Basic EPS, GAAP
3.02
2.46
4.11
9.97
5.73
-4.54
3.41
1.41
11.16
11.01
14.97
-13.02
5.58
14.12
7.85
16.63
- -
Free Cash Flow per Basic Share
- -
- -
- -
2.96
0.58
- -
- -
- -
1
6.34
4.91
6.21
6.22
6.15
6.28
6.33
- -
Dividend per Share
4.78
-21.02
-26.33
-22.19
-16.52
-17.77
2.49
9.25
17.51
22.3
34.19
42.73
42.59
43.94
46.71
2
2.01
Book Value per Share
1.36
5.27
8.21
12.76
18.5
19.48
23.45
30.57
39.8
43.29
55.24
58.61
62.67
59.87
66.02
86.32
86.35
Tangible Book Value per Share
158
158
159
160
161
162
163
163
163
162
162
163
164
165
166
167
167
Basic Weighted Avg Shares
5,258
6,460
8,925
12,978
13,753
12,755
14,372
15,578
18,116
19,848
25,372
27,420
26,788
30,209
33,796
36,918
28,145
Sales/Revenue/Turnover
10.83
10.43
7.1
10.49
8.89
2.74
4.36
7.26
9.86
11.62
13.06
9.05
5.51
6.89
5.54
6.92
7.18
Operating Margin (%)
81
91
73
75
119
236
294
255
246
314
391
548
778
934
1,022
1,029
784
Depreciation Expense
431
685
-856
1,525
1,032
398
646
1,125
1,542
1,903
2,718
2,377
1,050
1,279
1,534
2,661
2,186
Net Income, GAAP
- -
0.33
- -
1.77
19.19
11.1
2.29
12.92
18.06
19.5
21.04
12.36
25.59
30.35
23.5
5.58
1.37
Effective Tax Rate (%)
8.2
10.6
-9.59
11.75
7.5
3.12
4.49
7.22
8.51
9.59
10.71
8.67
3.92
4.23
4.54
7.21
7.77
Profit Margin (%)
1,039
1,278
1,387
1,525
2,143
2,111
2,720
3,898
5,520
5,756
7,608
6,306
7,074
6,949
8,034
10,756
10,756
Working Capital
1,027
655
477
180
- -
21
- -
- -
- -
252
187
480
569
907
879
2,729
2,729
LT Debt
2,051
2,653
1,591
2,330
3,279
3,787
4,344
5,502
6,967
7,513
9,638
11,283
12,030
12,582
13,500
16,479
16,479
Total Equity
- -
17.89
- -
39.49
25.96
6.95
12.16
17.42
21.36
22.93
26.7
18.29
8.26
10.19
9.42
13.2
10.92
Return on Invested Capital (%)
- -
710.58
- -
-67.34
-51.02
-24.13
-268.67
66.91
54.59
47.28
48.04
31.44
12.46
14.79
16.95
38.61
31.68
Return on Capital (%)
56.36
- -
- -
- -
- -
- -
- -
117.69
70.68
58.78
59.36
37.98
15.02
17.94
20.44
65.89
54.12
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
1,429
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
2,729
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
167
- -
167
Market Capitalization
37,439
38,897
29,212

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
16,884
Cash, Cash Equivalents & STI
- -
- -
4,378
Accounts Receivable, Net
- -
- -
3,397
Inventories
- -
- -
8,113
Total Current Liabilities
- -
- -
6,128
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
1,429
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.18%
11.53%
22.07%
Free Cash Flow
38.65%
-21.51%
112.94%
Net Income, GAAP
28.66%
9.38%
73.53%
Sales/Revenue/Turnover
11.44%
7.93%
9.24%
Total Cash Common Dividend
- -
6.3%
1.26%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,583
7,050
8,883
7,693
30,209
2025
7,560
7,964
9,773
8,498
33,796
2026
8,137
- -
10,660
9,347
36,918

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.8
1.78
2.87
- -
7.74
2025
1.67
1.68
3.85
2.05
9.25
2026
2.26
- -
5.39
5.47
15.97

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.15
2025
- -
- -
- -
- -
6.28
2026
- -
- -
- -
- -
6.33
Business
Vaibhav Global Limited (VAIBHAVGBL.NS) is a vertically integrated fashion retailer specializing in jewelry, gemstones, and lifestyle products through multi-channel platforms including proprietary 24x7 TV home-shopping channels, e-commerce websites, mobile apps, smart TVs, OTT platforms, social media, influencer marketing, and third-party marketplaces. The company offers a diverse portfolio encompassing fashion and studded jewelry featuring colored gemstones; lifestyle products such as home decor, beauty care items, apparel, and accessories; and wholesale distribution of gems and jewelry via its STS Jewels division. It sources from over 30 countries, including key hubs in India, China, Thailand, and Indonesia, enabling low-cost manufacturing that supports its deep-discounting model, and operates primarily in the US via Shop LC (www.shoplc.com), the UK via Shop TJC (www.tjc.co.uk) and Ideal World, Germany and Austria via Shop LC DE (www.shoplc.de), with additional presence in Canada, Japan through marketplaces, and B2B wholesale in Thailand, China, Bali, and Hong Kong. Founded in 1989 as Vaibhav Gems Limited by Sunil Agrawal and renamed Vaibhav Global Limited in 2013, the company is headquartered in Jaipur, Rajasthan, India, with its main manufacturing facility there employing over 3,000 people; it went public in 1996-97 and lists on BSE and NSE, while subsidiaries include Vaibhav Lifestyle Limited for apparel manufacturing, Shop TJC Ltd (UK), Shop LC (US and Germany), and STS Gems for sourcing. Vaibhav Global serves value-conscious consumers in developed markets, reaching approximately 130 million households, with digital sales comprising 40% of B2C revenue and targeting growth to over 50% through investments in AI, CRM, predictive modeling, and omni-channel enhancements. In recent developments, Vaibhav Global expanded through its subsidiary Shop TJC's acquisition of Mindful Souls B.V. in FY23-24, a Netherlands-based e-commerce firm focused on subscription sales of fashion jewelry, gemstones, and lifestyle products serving the US market, bolstering digital synergies; it also acquired assets of Ideal World, a UK teleshopping brand with over 20 years of legacy, including IP rights, broadcasting, and studio equipment. The company launched Vaibhav Lifestyle Limited to enter apparel manufacturing with a 45,000 sq. ft. facility equipped for fabric cutting, printing, stitching, and digital production; strengthened German operations via partnerships with Vodafone HD Channel and Tele Columbus AG; and allotted 64,933 equity shares to its Employee Stock Option Welfare Trust in late 2025 to enhance employee ownership alignment. Operationally, it achieved record financials including 15% YoY revenue growth and ₹27 crore net profit in Q1 FY25, alongside upgrades in CARE ratings to A+ and ICRA ESG ratings, while transitioning Jaipur manufacturing to 100% solar power and receiving awards for gemstone exports, innovation, and sustainability.