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Vaibhav Global Ltd share Price Today

Company details

367.50
377.50
295.05
542.40
6M Return -13.16%
1Y Return 20.18%
Mkt Cap.(Cr) 6,220.99
Volume 409,360
Div Yield 1.59%
OI
-
OI Chg %
-
Volume 409,360

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Apparels & Accessories company Vaibhav Global announced Q3FY24 results:

Financial Performance Highlights:

  • Revenue Growth: Q3FY24 revenue increased by 23% YoY.
  • Digital Revenue Mix: Contributed to 40% of B2C revenue.
  • Gross Margins: Industry-leading at 62.4%.
  • EBITDA Margin: 11.1%, showing an improvement of 30% YoY.
  • Profit Before Tax (PBT): Rs. 72 crore, marking a rise of 32% YoY.
  • Operating Leverage: Improvement in margins due to better gross margins and operating leverage.
  • Return Ratios: Return on Capital Employed (ROCE) stood at 18% and Return on Equity (ROE) at 11%.
  • Interim Dividend: The company declared a third interim dividend of Rs 1.50 per share.

Key Recent Development and Business Metrics:

  • Ideal World: Reached profitability on a direct cost basis in Q3FY24.
  • Mindful Souls BV: Operating with profitability at a 10% PBT margin.
  • Unique Customers: Totalled 5.4 lakhs on a trailing twelve-month basis, with a 5-year compound annual growth rate (CAGR) of 9%.
  • Community Initiative ('Your Purchase Feeds...'): The program has provided over 84 million meals since inception, with a run rate of approximately 66,000 meals donated every school day.

Commenting on the performance for Q3FY24, Sunil Agrawal, Managing Director of Vaibhav Global, stated, "Strong operational performance with revenue growth of 23% YoY. Better gross margins along with operating leverage led to improved profitability margins. We reiterate our guidance of 13% to 15% topline growth in FY24 and a high teen range in FY25 with decent operating leverage. Having achieved market-leading growth, we are optimistic about our prospects and believe that the outlook remains promising and compelling."

 

 

Result PDF

View Other Company Results

Vaibhav Global Ltd shares SWOT Analysis

Strengths (8)

  • Stock passes majority of CANSLIM Investment criteria
  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (4)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 379.5
R2 383.5
R3 389.5
Pivot

373.52

S1 369.5
S2 363.5
S3 359.5
EMA SMA
380.9
400.7
410.7
403.0
375.6
411.5
422.4
409.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-01-18 472.71 992475 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-01-18 473.09 992475 NSE
BRETT ENTERPRISES PRIVATE LIMI Block Purchase 2021-06-09 798.4 212500 BSE
Name Category Shares
DEEPTI AGRAWAL PROMOTER 1.29%
BRETT ENTERPRISES PRIVATE LIMITED PROMOTER 55.75%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Vaibhav Global Ltd Stocks COMPARISON

Financials( in Cr) Vaibhav Global Ltd Titan Company Ltd Kalyan Jewellers India Ltd Rajesh Exports Ltd Senco Gold Ltd
Price 375.55 3,563.05 408.55 286.35 955.00
% Change -1.24 1.08 1.59 -2.02 -0.68
Mcap Cr 6,220.99 316,322.59 42,082.82 8,454.77 7,419.11
Revenue TTM Cr 2,690.91 40,575.00 14,071.45 339,689.51 4,077.40
Net Profit TTM Cr 105.14 3,274.00 431.93 1,432.28 158.48
PE TTM 46.98 91.66 76.15 11.54 42.40
1 Year Return 20.18 38.23 294.73 -49.26 135.63
ROCE 11.09 24.82 12.20 10.86 15.29
ROE 9.03 30.95 12.76 10.54 18.96
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,201.30 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04

Vaibhav Global Ltd Information

Stock PE (TTM)
46.98
Promoter Holding
57.22%
Book Value
73.8264
ROCE
11.09%
ROE
9.03%
Description
  • Vaibhav Global Ltd. (VGL) is a vertically integrated fashion retailer offering rings, bracelets, bangles, earrings, watches, scarves, handbags, and home decor products. It was established in 1989 with its headquarters in Jaipur. As of 2022, it is present in more than 30 countries. During FY 2021-2022, the company’s total revenue was Rs 2,774.27 crore, up 8.46% from Rs 2,557.77 crore in the previous financial year. The profit after tax was Rs 237.71 crore. On 12 August 2022, the company’s market capitalisation stood at Rs 5,066 crore.  

    The company was publicly listed from 1996-1997. Its Bombay Stock Exchange listing code is 532156, and the National Stock Exchange listing code is VAIBHAVGBL.  

    Vaibhav Global Ltd. has a multi-channel presence comprising mobile apps, e-commerce websites, 24/7 proprietary TV home-shopping channels, social media platforms, OTT platforms, smart TV, third-party marketplaces, influencer marketing, and other digitally integrated platforms. The companies it manages are Shop LC, USA, TJC, Shop LC, Germany, and STS.  

    On 30 June 2022, VGL’s shareholding pattern indicated a 57.96% promoter stake, 10.71% foreign institutional investor stake, 18.38% domestic institutional investor stake, and 12.77% public stake. Brett Enterprises Pvt. Ltd. was the leading promoter with a 55.76% share. Mutual funds decreased holdings from 6.80% to 6.79% during this quarter.  

    Mr Harsh Bahadur is the company’s chairman. Mr Sunil Agrawal is the managing director. Mr Agrawal was recognised as one of India’s Best Leaders in Times of Crisis 2021 by Great Places to Work. The other directors include Mr Pulak Chandan Prasad, Mr Nirmal Kumar Bardiya, Mr Santiago Roces, Mr James Patrick Clarke, Ms Stephanie Renee Spong, Mr Sanjeev Agrawal, Ms Sheela Agarwal, Mr Santiago Roces, and Mr Sunil Goyal. 

    On 12 August 2022, Vaibhav Global Ltd.’s share price closed at Rs 307.40 on BSE. The company’s share price on NSE closed at Rs 307.90. The 52-week high for Vaibhav Global Ltd.’s share price was Rs 805, and the 52-week low for Vaibhav Global Ltd.’s share price was Rs 287.90.  

    The company’s peers include Titan Company, Rajesh Exports, Kalyan Jewellers, and PC Jewellers.  

    As of July 2022, Motilal Oswal Flexi Cap Fund had a 3.56% stake in Vaibhav Global Ltd. Nippon India Nifty Smallcap 250 Index Fund had a 0.20% stake. In total, three mutual fund schemes have stakes in the company. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

K-6B Fateh Tiba, Adarsh Nagar Fateh Tiba, Jaipur, Rajasthan, 302004

Tel : 91-141-2601020
Email : investor_relations:vaibhavglobal.com
Website : http://www.vaibhavglobal.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532156
NSE Code : VAIBHAVGBL
Book Closure Date (Month) : Jul
BSE Group : A
ISIN : INE884A01027

FAQ’s on Vaibhav Global Ltd Shares

You can buy Vaibhav Global Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vaibhav Global Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 19, 2024 03:52 PM the closing price of Vaibhav Global Ltd was ₹ 375.55.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 19, 2024 03:52 PM, the market cap of Vaibhav Global Ltd stood at ₹ 6,220.99.

The latest PE ratio of Vaibhav Global Ltd as of Apr 19, 2024 03:52 PM is 46.98

The latest PB ratio of Vaibhav Global Ltd as of Apr 19, 2024 03:52 PM is 0.20

The 52-week high of Vaibhav Global Ltd share price is ₹ 542.40 while the 52-week low is ₹ 295.05

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