Vaibhav Global Limited (VAIBHAVGBL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+314.1%

₹653.41

vs ₹157.79 price

Levered DCF

₹507.58

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.09

Safe zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	10.98×	24.51×	48.59×	42.7×	25.68×	45.82×	13.14×	13.99×
P/B	1.77×	2.83×	4.94×	3.73×	5.42×	12.92×	3.33×	3.1×
P/S	0.79×	1.13×	2.04×	1.67×	2.23×	4.91×	1.26×	1.19×
EV / EBITDA	7.42×	13.55×	22.2×	20.1×	18.79×	32.23×	9.35×	9.32×
Gross margin	26.4%	65.4%	40.1%	39.1%	41.6%	62.3%	61.6%	62.4%
Operating margin	6.9%	47.6%	7.1%	5.7%	8.6%	13.4%	12.0%	9.9%
Net margin	7.2%	4.5%	4.2%	3.9%	8.7%	10.7%	9.6%	8.5%
Current ratio	2.76×	2.37×	2.33×	2.36×	2.25×	2.87×	2.85×	3.28×
Debt / equity	0.25×	0.17×	0.17×	0.16×	0.15×	0.13×	0.14×	0.1×
Interest coverage	17.09×	107.76×	18.37×	18.85×	38.52×	73.21×	27.51×	38.36×
Dividend yield	3.6%	2.7%	1.6%	2.3%	1.7%	0.6%	4.4%	0.8%
Payout ratio	39.6%	67.9%	79.4%	97.4%	42.7%	29.2%	57.4%	10.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.1%	11.4%	10.2%	8.7%	21.1%	28.2%	25.3%	22.1%
Return on invested capital	11.6%	77.3%	10.0%	8.2%	15.8%	24.5%	22.4%	19.1%
Return on assets	10.4%	7.5%	6.8%	5.9%	14.1%	19.5%	17.4%	16.4%
Free cash flow yield	9.2%	3.4%	3.8%	2.0%	-3.5%	2.2%	7.1%	8.4%
Earnings yield	9.1%	4.0%	2.1%	2.3%	3.9%	2.2%	7.6%	7.1%
Enterprise value	₹29.7B	₹39.2B	₹63.7B	₹45.7B	₹62.3B	₹125B	₹25.3B	₹20B
Net debt / EBITDA	0.11×	0.34×	0.55×	0.37×	0.37×	0.14×	0.12×	-0.74×
Cash conversion cycle (days)	107	181	153	118	109	135	160	171