Vaibhav Global Limited
NSE: VAIBHAVGBL · Gems, Jewellery And Watches · sector
₹187.63NSE close 2026-10-26
Key numbers
Market cap₹3,139 cr
Price₹187.63
52w high / low₹293 / ₹174
P/E11.0xSector median 16.4x
P/B1.9xSector median 1.9x
Book value₹98.5
Dividend yield3.36%Sector median 0.46%
ROE19.0%Sector median 14.7%
ROCE18.3%Sector median 15.0%
OPM10.4%Sector median 6.6%
Debt / equity0.07xSector median 0.26x
EV/EBITDA7.3xSector median 15.4x
Interest cover20.2x
Current ratio2.76x
Sales growth 3y+11.1%Sector median +25.6%
Profit growth 3y+36.4%Sector median +26.1%
PEG0.31x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹390 cr vs borrowings ₹112 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 20.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹187.63 on 2026-10-26: -36.0% from the 52-week high, +7.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹316.05 · low ₹185.33
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 796 | 977 | 850 | 814 | 877 | 1,066 | 935 | 917 |
| EBITDA | 60 | 110 | 62 | 62 | 78 | 136 | 84 | 97 |
| OPM % | 7.6% | 11.2% | 7.3% | 7.6% | 8.8% | 12.7% | 8.9% | 10.5% |
| Other income | 9 | 2 | 8 | 13 | 11 | 5 | 13 | 5 |
| Net profit | 28 | 64 | 34 | 38 | 48 | 90 | 91 | 56 |
| EPS (₹) | 1.68 | 3.85 | 2.05 | 2.26 | 2.85 | 5.39 | 5.47 | 3.37 |
| Revenue YoY | +10.2% | +9.1% | +10.0% | +12.7% | ||||
| Profit YoY | +71.0% | +40.7% | +167.4% | +49.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,752 | 2,691 | 3,041 | 3,380 | 3,692 | 3,795 |
| EBITDA | 310 | 200 | 260 | 289 | 358 | 394 |
| Net profit | 238 | 105 | 128 | 153 | 266 | 285 |
| EPS (₹) | 14.56 | 6.39 | 7.74 | 9.25 | 15.97 | 17.08 |
| Revenue growth | -2.2% | +13.0% | +11.1% | +9.2% | +10.4% | |
| Profit growth | -55.8% | +21.9% | +19.9% | +73.5% | +74.4% | |
| Dividend / share (₹) | 3.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.1% | +7.8% | +10.4% |
| Net profit | +36.4% | -0.4% | +74.4% |
| EPS | +35.7% | -28.2% | – |
| Share price | – | -16.5% (2y) | -11.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,201 | 1,258 | 1,350 | 1,648 |
| Borrowings | – | 115 | 106 | 114 | 112 |
| Cash & equivalents | – | 274 | 233 | 245 | 390 |
| Total assets | – | 1,789 | 1,889 | 2,040 | 2,547 |
| Fixed assets | – | 334 | 353 | 210 | 206 |
| Capital work in progress | – | 4 | 0 | 1 | 13 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 240 | 313 | 324 | 340 |
| Inventory | – | 643 | 596 | 701 | 811 |
| Payables | – | 257 | 224 | 233 | 268 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 88 | 127 | 277 | 165 | 310 |
| Cash from investing | -45 | 40 | -184 | -7 | 78 |
| Cash from financing | -72 | -103 | -143 | -130 | -149 |
| Capex | 301 | 36 | 44 | 35 | 33 |
| Free cash flow | -213 | 92 | 233 | 130 | 277 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.7% | 10.2% | 11.4% | 16.1% |
| ROCE % | – | 11.4% | 14.2% | 14.7% | 16.9% |
| Debtor days | – | 33 | 38 | 35 | 34 |
| Inventory days | – | 238 | 202 | 219 | 232 |
| Payable days | – | 95 | 76 | 73 | 77 |
| Cash conversion cycle (days) | – | 176 | 164 | 181 | 189 |
| Working capital days | – | 96 | 83 | 87 | 106 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 57.19% |
| FIIs | 16.26% |
| DIIs | 2.24% |
| of which Mutual funds | 0.10% |
| Public (non-institutions) | 24.22% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 57.30% | 57.30% | 57.19% | 57.18% | 57.11% | 57.43% | 57.33% | 57.19% |
| Promoter group | % |
|---|---|
| Brett Enterprises Private Limited | 55.73% |
| Deepti Agrawal | 1.27% |
| Sunil Agrawal | 0.08% |
| Sheela Agarwal | 0.07% |
| Sanjeev Agrawal | 0.03% |
| Hursh Agrawal | 0.00% |
| Neil Agrawal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nalanda India Fund Limited | 6.58% |
| Malabar India Fund Limited | 5.40% |
| Vijay Kedia | 2.04% |
| Envision India Fund | 1.07% |
1,28,043 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gems, Jewellery And Watches
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TITAN | ₹3,83,796 cr | 66.9x | 24.4x | 42.2% | 33.3% | 10.1% | +29.2% | 0.25% |
| KALYANKJIL | ₹52,133 cr | 36.3x | 8.3x | 25.8% | 34.4% | 6.6% | +36.4% | 0.30% |
| LALITHAA | ₹17,374 cr | – | – | – | – | – | – | – |
| PCJEWELLER | ₹16,193 cr | 16.0x | 1.7x | 10.8% | 10.3% | 24.5% | +10.7% | – |
| SKYGOLD | ₹14,535 cr | 43.3x | 12.1x | 35.6% | 26.4% | 7.2% | +76.0% | – |
| THANGAMAYL | ₹14,404 cr | 36.8x | 10.2x | 31.1% | 26.3% | 6.4% | +39.2% | 0.27% |
| BLUESTONE | ₹11,583 cr | 110.7x | 6.3x | 6.0% | 11.9% | 17.0% | – | – |
| PNGJL | ₹7,558 cr | 17.0x | 3.9x | 25.4% | 19.9% | 5.8% | – | – |
| ETHOSLTD | ₹6,486 cr | 62.2x | 4.4x | 8.4% | 12.0% | 12.8% | +26.9% | – |
| VAIBHAVGBL | ₹3,139 cr | 11.0x | 1.9x | 19.0% | 18.3% | 10.4% | +11.1% | 3.36% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| United States of America | ₹2,288 cr | 48.5% | ₹164 cr | 7.2% |
| United Kingdom | ₹1,035 cr | 21.9% | ₹98 cr | 9.5% |
| India | ₹585 cr | 12.4% | ₹177 cr | 30.2% |
| Europe (excluding United Kingdom) | ₹408 cr | 8.6% | ₹11 cr | 2.8% |
| Rest of world | ₹406 cr | 8.6% | ₹126 cr | 31.1% |
| Less: Intersegment eliminations | ₹0 cr | – | ₹-280 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-12 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2026-06-25 | Dividend | Dividend - Rs 1.50 Per Share |
| 2026-02-03 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-11-06 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-08-14 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-06-27 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2025-02-07 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2024-08-09 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2024-06-28 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2024-02-08 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2023-11-07 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2023-08-10 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2023-06-30 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2023-02-03 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2022-11-03 | Dividend | Interim Dividend- Rs 1.50 Per Share |
| 2022-08-10 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2022-06-29 | Dividend | Annual General Meeting/Dividend - Rs 1.50 Per Share |
| 2022-02-03 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2021-11-02 | Dividend | Interim Dividend - Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture and exporter of fashion jewellery and related articles: Manufacture and exporter of fashion jewellery and related articles
| Sector | Consumer Discretionary |
| Industry | Gems, Jewellery And Watches |
| Sub-industry | Gems, Jewellery And Watches |
| Symbol | VAIBHAVGBL |
| BSE code | 532156 |
| ISIN | INE884A01027 |
| Face value | ₹2.0 |
| Incorporated | 1989-05-08 |
| Website | www.vaibhavglobal.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.