As of 6 Nov 2026, Vaibhav Global trades at 9.8× trailing earnings, below the industry P/E of 19.6×, and the shares are 43% below their 52-week high. It earns ROCE of 15% and ROE of 18%, and sales and net profit grew 11% and 36% a year over 3 years. Its dividend yield is 3.7%, and debt is 0.25× equity. It is a small-cap company with a market cap of ₹2,705 Cr, ranked 18th of 82 Luxury Goods companies by market cap; the shares fell 41% over the past year.
- ₹166.46
- ₹166.46
- ₹159.28
- ₹161.35
- 4.1 L
Health check
- ReturnsBehind
−41.2% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 9.8 vs industry 19.6.
- GrowthSlow
Sales +11.1%, profit +36.4% a year over 3 years.
- ProfitabilityWeak
ROCE 15.3% vs peer median 34.2%.
- Balance sheetSolid
Debt 0.25× equity, interest covered 20.3×, Piotroski 6 of 9.
- Red flags2 to check
Quarterly profit down 13.1% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,705 Cr
- Small cap
- P/E
- 9.8
- Industry 19.6
- Price to book
- 1.58
- Peers 8.57
- Dividend yield
- 3.72%
- ROE
- 17.7%
- Peers 29.3%
- ROCE
- 15.3%
- Peers 34.2%
- Debt to equity
- 0.25
- Debt ₹426 Cr
- EPS (TTM)
- ₹16.50
- Face value ₹2
- OPM (TTM)
- 10.0%
- Net margin 7.2%
- Sales growth
- +7.0%
- Latest quarter vs a year ago
- Profit growth
- −13.1%
- Latest quarter vs a year ago
- Price to sales
- 0.70
- EV/EBITDA 8.8
Strengths and risks
Strengths
- Dividend yield of 3.72%.
- P/E of 9.8 against an industry P/E of 19.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 13.1% on a year ago.
- 43% below its 52-week high.
About Vaibhav Global
Vaibhav Global Limited, together with its subsidiaries, manufactures and sells fashion jewelry and lifestyle products in India, the United States of America, Canada, the United Kingdom, Germany, the rest of Europe, and internationally. The company offers fashion jewelry; gemstones; and lifestyle products, such as home décor, hair care, beauty care, apparel, and accessories. It also provides call center services. The company sells its products under the…
- Headquarters
- Jaipur
- Employees
- 1,106
- Sector
- Consumer Cyclical
- ISIN
- INE884A01027
- Website
- vaibhavglobal.com
Price range
- Avg volume (3M)
- 3.7 L
- 1-year return
- minus 41.2%
- From 52-week high
- minus 42.9%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 28.27 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.31% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.45% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 49.6% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.42% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| VAIBHAVGBLVaibhav Global | 161.28 | minus 0.04% | 2,705 | 9.8 | 1.58 | 15.3% | 17.7% | 10.0% | 11.1% | 36.4% | 3.72% | minus 41.2% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 814 | 1,066 | 935 | 917 | 938 | |
| 752 | 930 | 851 | 820 | 870 | |
| 61.5 | 136 | 83.4 | 96.7 | 68.1 | |
| 7.6% | 12.7% | 8.9% | 10.5% | 7.3% | |
| 13.1 | 5.1 | 12.5 | 5.3 | 8.2 | |
| 3.5 | 3.7 | 4.3 | 4.5 | 4.9 | |
| 25.3 | 25.2 | 27.9 | 26.6 | 26.9 | |
| – | – | 0.2 | – | – | |
| 45.8 | 112 | 63.9 | 70.9 | 44.4 | |
| 17.9% | 19.7% | −42.6% | 20.4% | 6.1% | |
| 37.6 | 89.8 | 91.1 | 56.4 | 41.7 | |
| 2.24 | 5.32 | 5.40 | 3.33 | 2.45 |
Profit & loss
- Sales CAGR 3Y
- +11.1%
- Profit CAGR 3Y
- +36.4%
- EPS CAGR 3Y
- +35.8%
- ROE
- 17.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,679 | 3,021 | 3,357 | 3,672 | |
| – | +12.8% | +11.1% | +9.4% | |
| 2,479 | 2,752 | 3,067 | 3,311 | |
| 200 | 269 | 290 | 361 | |
| 7.5% | 8.9% | 8.6% | 9.8% | |
| 25.8 | 16.1 | 21.4 | 15.9 | |
| 6.4 | 9.9 | 12.5 | 14.6 | |
| 77.8 | 93.4 | 102 | 103 | |
| 0 | 0.7 | 3.6 | 22.6 | |
| 141 | 182 | 200 | 282 | |
| 25.6% | 30.3% | 23.5% | 5.6% | |
| 105 | 128 | 153 | 266 | |
| – | +21.9% | +19.9% | +73.5% | |
| 6.29 | 7.59 | 9.10 | 15.75 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 33 | 33.1 | 33.2 | 33.4 | |
| 1,168 | 1,225 | 1,317 | 1,615 | |
| 193 | 218 | 228 | 416 | |
| 394 | 413 | 462 | 483 | |
| 1,789 | 1,889 | 2,040 | 2,547 | |
| 338 | 357 | 322 | 515 | |
| 4.1 | 3.6 | 1.2 | 13.9 | |
| 0 | 0 | 0 | 0 | |
| 244 | 195 | 214 | 363 | |
| 1,202 | 1,334 | 1,504 | 1,655 | |
| 1,789 | 1,889 | 2,040 | 2,547 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 127 | 277 | 165 | 310 | |
| 40.2 | −184 | −7.1 | 78.1 | |
| −103 | −143 | −130 | −149 | |
| 64.7 | −50.1 | 27.8 | 239 | |
| −35.5 | −43.6 | −34.7 | −33.2 | |
| 91.6 | 233 | 130 | 277 | |
| −102 | −102 | −104 | −105 |
Shareholding pattern
- Promoters57.19%
- Public42.72%
- Employee trusts0.09%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 57.19% | 42.72% | minus 0.14 | |
| 30 Jun 2026 | 57.33% | 42.64% | minus 0.10 | |
| 31 Mar 2026 | 57.43% | 42.54% | plus 0.32 | |
| 31 Dec 2025 | 57.11% | 42.85% | minus 0.07 | |
| 30 Sep 2025 | 57.18% | 42.78% | – |
Major shareholders
Filings & events
News
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