In the ever-evolving retail and e-commerce industry, Vaibhav Global Limited, known as VGL, stands out due to its distinctive and thriving business model. Specializing in jewelry, accessories, and lifestyle products, VGL has successfully established a presence in two of the world’s largest economies, the United States and the United Kingdom. Operating under the “Omni-Channel Retail Network” umbrella, the company manages 24-hour live shopping channels like Shop LC in the USA, Shop TJC in the UK, and ShopLC in Germany, all supported by robust web platforms and smartphone apps.
This article explores the potential trajectory of Vaibhav Global’s stock price in the coming years, investigating whether it could possibly reach the coveted 500 INR mark by 2030. To gain insights into this intriguing possibility, we will examine essential financial indicators, market trends, the company’s notable market capitalization of ₹6,533 crore, and its unique position within the global retail landscape. Given Vaibhav Global’s recent stock performance and innovative retail approach, it has become an intriguing subject of interest for both investors and enthusiasts.
ABOUT VAIBHAV GLOBAL
Vaibhav Global Limited, formerly known as Vaibhav Gems, is a multinational electronic retailer and manufacturer specializing in fashion jewelry and lifestyle accessories. Headquartered in Jaipur, India, the company operates through its home shopping channels, Shop LC in the United States and TJC in the United Kingdom. Founded in 1980 as Vaibhav Enterprises, the company transitioned from a traditional jewelry business to a discount retail model through web and TV channels during the 2008-09 recession. With recognition for its corporate governance and innovative approach, Vaibhav Global has successfully expanded its reach to millions of households through its electronic retail units and e-commerce platforms.
Vaibhav Global Q1 FY2024 Results: Summary and Key Points
- Vaibhav Global reported a rise in consolidated Profit After Tax (PAT) to Rs. 29.68 crores for Q1 FY2024.
- Total income for the same period was Rs. 665.68 crores, showing a slight decline from the previous quarter (Q4 FY2023) of Rs. 701.88 crores.
- The company’s Q1 FY2024 EPS (Earnings Per Share) stood at Rs. 1.77, a significant improvement from Rs. 1.40 in Q4 FY2023.
- In a year-on-year comparison, Vaibhav Global demonstrated substantial growth with a 51.25% increase in net profit compared to Q1 FY2023.
- Total income also saw a year-on-year increase of 5.64% from Q1 FY2023 to Q1 FY2024, indicating positive financial performance.
VAIBHAV GLOBAL IN RECENT NEWS
- The stock of Vaibhav Global declined by 6% following the company’s release of its quarterly earnings report, which showed a modest 1.96% increase in profit for the March quarter, amounting to Rs 31.77 crore compared to Rs 31.16 crore in the corresponding quarter of the previous year. This performance was attributed to the challenging macroeconomic conditions that negatively impacted consumer sentiment.
- Despite a 13.58% year-on-year increase in quarterly sales, rising from Rs 109.82 crore in the corresponding quarter of the previous year to Rs 124.74 crore, the company’s profit before interest, depreciation, and taxes (PBIDT) margin improved to 29.37% from 23.94%.
- Vaibhav Global operates as a worldwide retailer specializing in fashion jewelry, clothing, lifestyle items, and accessories through both television and digital platforms.Experienced investor Ashish Kacholia possessed 2,000,000 shares, equivalent to a 1.21% ownership stake in the company as of March 31st. Another notable investor, Vijay Kedia, held 3,220,000 shares, representing a 1.95% ownership interest in the company by the close of the March quarter.
HOW TO BUY VAIBHAV GLOBAL SHARES IN INDIA?
To buy Vaibhav Global shares in India, you can use the services of various stockbrokers and trading platforms such as:
- Zerodha
- ICICI Direct
- HDFC Securities
- Sharekhan
- Kotak Securities
- Angel Broking
- Upstox
- 5paisa
VAIBHAV GLOBAL SHARE PRICE TARGET 2023 TO 2025
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
| When | Maximum Price | Minimum Price |
| August 2023 | ₹414.75 | ₹377.05 |
| September 2023 | ₹424.29 | ₹385.72 |
| October 2023 | ₹411.93 | ₹374.48 |
| November 2023 | ₹420.17 | ₹381.97 |
| December 2023 | ₹432.78 | ₹393.43 |
Vaibhav Global’s share price is expected to experience an upward trajectory, with the highest anticipated price of ₹432.78 in December. Currently, in August 2023, the share price stands at ₹414.75, and it is likely to continue its ascent in the coming months. The company appears to have a target of maintaining or further increasing the value of its shares, potentially reflecting continued investor confidence in its performance.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹441.61 | ₹384.01 |
| February 2024 | ₹450.62 | ₹391.84 |
| March 2024 | ₹455.17 | ₹395.80 |
| April 2024 | ₹441.91 | ₹384.27 |
| May 2024 | ₹433.25 | ₹376.74 |
| June 2024 | ₹463.58 | ₹403.11 |
| July 2024 | ₹477.48 | ₹415.20 |
| August 2024 | ₹487.03 | ₹423.51 |
| September 2024 | ₹496.77 | ₹431.98 |
| October 2024 | ₹504.85 | ₹439.00 |
| November 2024 | ₹525.05 | ₹456.56 |
| December 2024 | ₹535.55 | ₹465.69 |
In 2024, Vaibhav Global’s share price is anticipated to steadily ascend, with the highest recorded price reaching ₹535.55 in December. This consistent upward trajectory suggests that the company aims to maintain a positive momentum in its share value throughout the year. Additionally, December 2024 is expected to witness a minimum share price of ₹465.69 and a maximum of ₹535.55, reflecting the company’s objective of sustaining and potentially building upon its share price performance in the coming year.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹546.26 | ₹420.20 |
| February 2025 | ₹575.01 | ₹442.31 |
| March 2025 | ₹586.51 | ₹451.16 |
| April 2025 | ₹580.70 | ₹446.69 |
| May 2025 | ₹569.31 | ₹437.93 |
| June 2025 | ₹583.55 | ₹448.88 |
| July 2025 | ₹592.43 | ₹455.72 |
| August 2025 | ₹613.92 | ₹472.25 |
| September 2025 | ₹626.20 | ₹481.69 |
| October 2025 | ₹638.72 | ₹491.33 |
| November 2025 | ₹620.12 | ₹477.02 |
| December 2025 | ₹632.52 | ₹486.56 |
Throughout 2025, it seems that Vaibhav Global’s share price is on a promising journey, with December marking a high point at ₹632.52. This steady rise suggests that the company is working diligently to keep its shareholders happy and maintain a favorable trend in its share value. Notably, December 2025 is anticipated to have a minimum share price of ₹486.56 and a maximum of ₹632.52, signaling Vaibhav Global’s dedication to ensuring the ongoing prosperity of its shares for its investors.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹727.40 | ₹509.18 |
| 2027 | ₹618.29 | ₹432.80 |
| 2028 | ₹803.78 | ₹538.53 |
| 2029 | ₹1,044.91 | ₹731.44 |
| 2030 | ₹1,097.16 | ₹768.01 |
Looking ahead to the period from 2026 to 2030, Vaibhav Global’s share price appears to be on a growth trajectory. In 2026, the company anticipates a maximum share price of ₹727.40 and a minimum of ₹509.18, reflecting its commitment to providing shareholders with steadily increasing value. This positive trend continues in subsequent years, with share prices reaching ₹1,097.16 as the maximum and ₹768.01 as the minimum in 2030, reinforcing Vaibhav Global’s goal of delivering consistent and appealing returns for its investors over this period.
VAIBHAV GLOBAL FINANCIAL CONDITION (LAST 5 YEARS)
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Sales+ | 1,814 | 1,986 | 2,540 | 2,752 | 2,691 |
| Expenses+ | 1,611 | 1,725 | 2,170 | 2,471 | 2,491 |
| Operating Profit | 203 | 262 | 370 | 281 | 200 |
| OPM % | 11% | 13% | 15% | 10% | 7% |
| Other Income+ | 14 | 18 | 50 | 28 | 33 |
| Interest | 5 | 5 | 6 | 8 | 9 |
| Depreciation | 25 | 31 | 39 | 55 | 78 |
| Profit before tax | 188 | 236 | 344 | 271 | 141 |
| Tax % | 18% | 20% | 21% | 12% | 26% |
| Net Profit+ | 154 | 190 | 272 | 237 | 105 |
| EPS in Rs | 9.43 | 11.77 | 16.7 | 14.5 | 6.36 |
| Dividend Payout % | 21% | 57% | 30% | 41% | 94% |
Over the past five years, Vaibhav Global has exhibited a somewhat fluctuating financial condition. Between March 2019 and March 2021, the company demonstrated a positive growth trajectory, with sales increasing from INR 1,814 crores to INR 2,540 crores. However, during the subsequent two years, sales plateaued and even experienced a slight decline to INR 2,691 crores in March 2023. This could be attributed to various factors, including market dynamics and economic conditions.While operating profit saw significant improvement during the same period, climbing from INR 203 crores in March 2019 to INR 370 crores in March 2021, it subsequently dipped to INR 200 crores in March 2023. This fluctuation suggests that the company faced challenges in maintaining profitability. Additionally, the dividend payout percentage surged from 21% in 2019 to a substantial 94% in 2023, possibly indicating that the company decided to distribute a larger portion of its earnings to shareholders despite the recent profitability challenges. Overall, Vaibhav Global’s financial condition appears to have undergone a period of growth followed by some stability and challenges in recent years.
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FAQs
Based on the analysis provided, Vaibhav Global aims to maintain its positive share price trajectory. By the end of 2025, the company’s share price target can be expected to exceed the ₹632.52 mark, with the possibility of further growth throughout the year.
Looking at the trends in the analysis, Vaibhav Global appears focused on sustained growth. By 2030, the share price target is anticipated to surpass ₹1,097.16 as the maximum, reaffirming the company’s commitment to providing shareholders with steadily increasing value over the long term.
Is it worthwhile to invest in Vaibhav Global for the long term?
Investing in Vaibhav Global for the long term could be an attractive option, considering the consistent upward trajectory in its share price over the years. The company’s commitment to growth, as seen in the analysis, suggests it may offer favorable returns for long-term investors.
Will the Vaibhav Global stock grow?
Yes, the Vaibhav Global stock is likely to continue its growth, as indicated by the historical data and the projected trends in the analysis. This growth trajectory suggests that the company is working to enhance its stock value over time.
Can Vaibhav Global reach ₹500 INR?
Given the company’s upward trajectory, it is possible that Vaibhav Global could reach ₹500 INR in the future. However, specific timelines for reaching this price point would depend on various market factors and the company’s performance, as shown in the analysis.
CONCLUSION
In conclusion, the analysis of Vaibhav Global’s share price targets spanning from 2023 to 2030 provides valuable insights into the company’s growth prospects. Despite its current overvalued position with a high P/E ratio of 56.9, the company’s commitment to maintaining a healthy dividend payout of 55.2% demonstrates its dedication to rewarding investors. While the stock’s recent performance indicates potential for upward momentum, it’s important to consider the company’s historical sales growth of 11.4% over the past five years. As investors assess the stock’s potential to reach ₹500 INR, it’s crucial to weigh the promising aspects against the challenges posed by the sales growth figure and make informed decisions aligned with their investment goals.
What did we learn?
