Minerva Capital Research Solutions

Vaibhav Global

NSE: VAIBHAVGBLBSE: 532156
Compare with peers
₹ 188.80▲ 2.82 (+1.52%)28 Oct, 03:29 pm IST
Market cap
₹ 3,115 Cr.
P/E
11.1x
P/B
1.98x
52-week range
174.13 – 293.25
ROE
18%
ROCE
16%
Dividend yield
3.1%
Debt / equity
0.25
Sector
Consumer Durables
Industry
Gems, Jewellery And Watches
Listed on
NSE, BSE

About

Vaibhav Global Limited is an India-based vertically integrated fashion retailer, with a multichannel presence across well-integrated platforms, comprising 24x7 proprietary television (TV) home-shopping channels, e-commerce websites, mobile apps, smart TV, over-the-top (OTT) platforms, social media platforms, influence marketing, third-party marketplaces, and other digital means. The Company's segments include the United States of America, United Kingdom, India, Europe (excluding the United Kingdom) and the Rest of the world. It offers diverse products in two broader verticals: fashion jewelry, gemstones and accessories and lifestyle products (including products like home decor, beauty care, apparel and accessories). Its e-commerce Websites, www.shoplc.com in the United States and www.tjc.co.uk in the United Kingdom and www.shoplc.de in Germany complement TV coverage and diversify customer engagement. Its brands include Rhapsody, Luxoro, Homesmart, EverTrue, Sukriti, and Grand Pelle.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Gems, Jewellery And Watches: 107 companies →

Vaibhav Global against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)11.1 against a typical 21.1: cheaper than most peers (1st = cheapest).30th of 106
  • Sales growth+12.7% against a typical +34.8% from a year earlier.54th of 79
  • Profit growth+47.4% against a typical +33.3% from a year earlier.33rd of 73
  • Share price, 3 months−29.2% against a typical +3.6%.88th of 92
  • Size₹ 3,115.3 Cr. market value against a typical ₹ 145.6 Cr. (1st = largest).15th of 94

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ by 2 agencies
A+
DefaultRiskyModerateSafeVery safe
  • All agencies agree and none has raised a warning.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]A+Stable7 Oct 2026
CARECARE A+ / CARE A1+Stable8 Sep 2026
Credit rating actions
RatingDetails
7 Oct 2026
Reaffirmed
[ICRA]A+—ICRA₹ 125 Cr.
8 Sep 2026
Reaffirmed
CARE A+ / CARE A1 → CARE A+ / CARE A1+—CARE₹ 120 Cr.
1 Oct 2025
Reaffirmed
CARE A+ / CARE A1—CARE₹ 120 Cr.
23 Sep 2025
Rating action
[ICRA]A+—ICRA₹ 125 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
28 Oct 2026UpcomingFinancial Results/DividendTo consider and approve the financial results for the period ended September 30, 2026 and dividend
4 Aug 2026Financial Results/DividendTo consider and approve the financial results for the period ended Jun 30, 2026 and dividend
21 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
27 Jan 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and dividend
29 Oct 2025Financial Results/DividendTo consider and approve the financial results for the period ended September 30, 2025 and dividend
5 Aug 2025Financial Results/DividendTo consider and approve the financial results for the period ended Jun 30, 2025 and dividend
21 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend

Share price

1Y change −19.16%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7058887897567969778508148771,066935917
Expenses642795736699736868788752800930851820
Operating Profit63935357601106262781368397
OPM %9%11%7%8%8%11%7%8%9%13%9%11%
Other Income326992813115135
Interest333344443445
Depreciation232325252626252524252827
Profit before tax4168323739824146601126471
Tax %30%31%33%27%29%22%17%18%21%20%−43%20%
Net Profit294721272864343848909156
EPS in Rs1.782.871.291.671.673.842.052.262.855.385.463.37

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
11%
5 Years
8%
3 Years
11%
TTM
10%
Compounded Profit Growth
10 Years
21%
5 Years
0%
3 Years
37%
TTM
74%
Stock Price CAGR
10 Years
14%
5 Years
−21%
3 Years
−15%
TTM
—
Return on Equity
10 Years
18%
5 Years
14%
3 Years
14%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
57.33%
+0.14 pts in a year
FIIs
16.66%
−1.86 pts in a year
DIIs
2.22%
+1.31 pts in a year
Public
23.76%
+0.5 pts in a year
Others
0.03%
−0.09 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 11.1xEPS (12 months) ₹ 17.04Median P/E 21.7x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Vaibhav Global₹ 188.80₹ 3,115 Cr.11.1x2x18%—
Titan Company₹ 4,299.00₹ 3,81,659 Cr.79.9x26.3x37.1%5.8%
PC Jeweller₹ 18.07₹ 17,547 Cr.11.7x1x10%21.3%
BlueStone Jewellery and Lifestyle Ltd₹ 731.05₹ 11,126 Cr.570.5x5.1x1.1%0.5%
Ethos₹ 2,413.50₹ 6,479 Cr.72.5x4.8x7.7%6%
Senco Gold₹ 308.90₹ 5,063 Cr.10.4x2.4x25.6%6.8%

Management

Nitin Panwad
Group Chief Financial Officer
Vineet Ganeriwala
President, Shop LC (US)
Sabaresh Kumar
Group Chief Human Resources Officer
Mohammed Farooq
Chief Technology Officer, VGL Group
Yashasvi Pareek
Compliance Officer, Company Secretary
Ashish Dawra
Vice President - Global IT
Ankur Sogani
Vice President - Commercial, Shop LC (US)
Sunil Agrawal
Managing Director, Executive Director

Prices are delayed and for information only. Nothing on this page is investment advice.