Vibrant Global Capital Ltd (VGCL.BO) 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

+64.7%

₹93.89

vs ₹57.00 price

Levered DCF

₹59.38

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	3.91×	-192.9×	3.94×	-17.3×	2.43×	1.39×	-2.24×	-7.41×
P/B	0.41×	0.62×	1.23×	1.25×	0.97×	0.7×	1.59×	1.67×
P/S	0.39×	0.33×	0.82×	0.71×	0.47×	0.28×	0.28×	0.3×
EV / EBITDA	4.84×	27.02×	3.89×	42.73×	2.98×	2.88×	-9.92×	-312.36×
Gross margin	16.7%	8.9%	27.4%	12.1%	17.2%	19.6%	8.2%	11.6%
Operating margin	10.8%	2.1%	22.8%	0.8%	23.3%	21.5%	-8.2%	-1.7%
Net margin	9.9%	-0.2%	20.8%	-4.1%	19.4%	20.3%	-12.5%	-4.0%
Current ratio	0.8×	4.51×	2.56×	1.36×	1.75×	1.36×	1.06×	0.96×
Debt / equity	0.26×	0.22×	0.2×	0.4×	0.51×	1.26×	2.53×	1.62×
Interest coverage	7.87×	1.27×	9.05×	0.27×	7.63×	4.87×	-1.86×	-0.66×
Dividend yield	2.2%	1.9%	1.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	8.5%	-365.6%	6.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.5%	-0.3%	31.2%	-7.2%	40.0%	50.3%	-70.8%	-22.5%
Return on invested capital	6.8%	-0.6%	26.1%	1.0%	28.5%	22.3%	-12.0%	-3.6%
Return on assets	7.4%	-0.2%	23.7%	-4.4%	23.1%	20.0%	-16.1%	-6.2%
Free cash flow yield	-31.5%	46.5%	14.6%	14.3%	16.4%	67.1%	37.4%	-14.5%
Earnings yield	25.6%	-0.5%	25.4%	-5.8%	41.1%	72.0%	-44.6%	-13.5%
Enterprise value	₹1.1B	₹1.3B	₹2.1B	₹1.7B	₹1.7B	₹1.3B	₹1.4B	₹1.9B
Net debt / EBITDA	1.8×	7.17×	0.46×	9.07×	1.03×	1.79×	-6.09×	-153.64×
Cash conversion cycle (days)	38	22	50	5	-27	47	88	-46