For more than twenty years, Vega Jewellery has crafted stunning pieces that have captured the hearts of millions of customers. Our designs reflect a harmonious blend of bold innovation and a profound appreciation for tradition, resulting in jewellery that has been cherished and proudly worn by discerning individuals across generations. Vega Jewellers offer an extensive range of collections, including gold, diamonds, polki, and cz jewellery, catering to every popular and in-demand style. Vega Jewellers, a prominent entity in India’s jewellery sector, has established a reputation for its exceptional craftsmanship and enduring designs. Future Stock value will be analysis about Vega Jewellers Share Price.
Vega Jewellers Overview
Vega Jewellers, a prominent entity in India’s jewellery sector, has established a reputation for its exceptional craftsmanship and enduring designs. Vega Jewellers is filled with great pride and happiness recent achievement. Vega Jewellers Chairman and Managing Director, Naveen Kumar Vanama, has received the prestigious Best Premium Designer Bridal Jewellery Award at the Times Business Awards in 2023. Being acknowledged alongside such esteemed figures is a remarkable honor that inspires to persistently innovate, design, and produce captivating new jewelry forVega Jewellers valued customers.
Vega Jewellers honors the profound cultural heritage of the regions in which it operates, seamlessly integrating timeless traditions into its exquisite designs. This approach allows Vega Jewellers to craft jewellery that embodies the essence of tradition while also exploring new realms of creativity, showcasing the harmonious blend of heritage and innovation. This philosophy, coupled with the fervor with which Vega Jewellers upholds it, has fostered a devoted clientele spanning multiple generations.
Vega Jewellers stores are designed to enhance the experience of exploring Vega Jewellers jewellery, featuring exquisite interiors and attentive customer service. This inviting atmosphere enables customers to browse, coordinate, try on, and acquire jewellery in a tranquil and comfortable setting. The courteous staff at Vega Jewellers exhibit patience as customers select pieces that align with their specific needs. They are well-trained to assist customers in determining the ideal style for special events.
Vega Jewellers Share Price Target 2026
Considering the aforementioned factors, it is anticipated that the share price of Vega Jewellers in 2026 will correspond to its market expansion, profitability, and brand equity. Below is a possible projection for its share price target by 2026.
Current Price ₹ 28.91/-
| Year | Bullish Scenario | Intermediate Situation | Bearish Scenario |
|---|---|---|---|
| 2026 | ₹ 200 – ₹ 220 | ₹ 140 – ₹ 150 | ₹ 100 – ₹ 130 |
| 2030 | ₹ 400 – ₹ 450 | ₹ 350 – ₹ 410 | ₹ 300 – ₹ 360 |
- Bullish Scenario: Should the company successfully leverage growth opportunities, such as entering new markets and embracing contemporary jewellery trends, Vega’s share price may experience substantial increases. In this scenario, an annual growth rate of 20% to 30% could be anticipated, resulting in a share price of ₹X by 2026, contingent upon the current valuation.
- Intermediate Situation: Should Vega Jewellers continue to experience consistent growth in accordance with industry trends and economic circumstances, the share price may witness a more tempered annual rise of 10% to 15%. This projection indicates a target price of approximately ₹Y by the year 2026.
- Bearish Scenario: Should Vega Jewellers encounter difficulties in market penetration, experience economic downturns, or face heightened competition, the growth rate of its share price may decelerate, potentially reaching approximately 5% per annum. Consequently, this could lead to a share price nearing ₹Z by the year 2026.
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Factors Influencing the Share Price of Vega Jewellers.
It is essential to evaluate the elements that may influence the company’s share price positively or negatively in the upcoming years before exploring potential targets for 2026.
Economic Expansion and Consumer Appetite
India’s economic development is poised to greatly influence the jewellery sector. With economic growth comes an increase in disposable income, leading individuals to allocate more resources towards gold and jewellery purchases. A flourishing economy can offer Vega Jewellers a strong customer foundation, thereby enhancing sales and, in turn, elevating the company’s stock value.
Gold Prices
Gold constitutes the fundamental element of Vega Jewellers’ product range. Consequently, fluctuations in gold prices significantly influence the company’s profitability. An upward trend in gold prices could enhance the value of jewellery, potentially boosting Vega’s sales margins and overall profits. In contrast, a decrease in gold prices may result in diminished revenues, adversely affecting the share price.
Expansion and Retail Presence Strategy
The future growth potential of Vega Jewellers will largely hinge on its ability to broaden its market presence. Establishing new retail locations, particularly in tier-II and tier-III cities, alongside enhancing online sales, may yield considerable revenue increases. Additionally, robust marketing initiatives and improved customer engagement are expected to boost sales, which could result in a rise in the company’s share price.
Vega Jewellers Company Essentials
- Market Cap : ₹ 1.53 Cr.
- Enterprise Value : 1.53 %
- No. of Shares : 0.05 Cr.
- P/E : 5.53
- P/B : 0.6
- Face Value : ₹ 10
- Div. Yield : 0.0 %
- Book Value (TTM) : ₹ 53.08
- CASH : ₹ 0.00 Cr.
- DEBT : ₹ 0.00 Cr.
- Promoter Holding : 72.68 %
- EPS (TTM) : ₹ 5.77
- Sales Growth : 0 %
- ROE : 7.01 %
- ROCE : 9.80 %
- Profit Growth : 142.04 %
Vega Jewellers Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Shivansh Finserve | 5.08 | 3.17 | 0.49 | 0 | -0.35 | -1.46 | 2.55 | 6.87 | 17.60 |
| Omkar Overseas | 6.28 | 3.14 | 0 | 0 | -0.30 | -225.26 | -217.59 | 0 | -21.84 |
| Diksha Greens | 3.13 | 3.09 | 0 | 0 | -3.01 | 0 | 0 | 0 | -226.01 |
| Concrete Infra&Media | 4.07 | 3.06 | 0 | 6.21 | 0.66 | 6.01 | 8.12 | 0.04 | 3.85 |
| Chambal Breweries | 3.60 | 2.70 | 2.33 | 0 | -2.70 | -101.24 | -101.24 | 0 | -49.04 |
| Vega Jewellers | 31.89 | 1.53 | 0.60 | 5.53 | 5.77 | 7.01 | 9.80 | 0 | 1.96 |
| Sarvamangal Mercant. | 52.50 | 1.31 | 0.01 | 3.30 | 15.90 | 0.61 | 1.16 | 0 | 10.62 |
| Viaan Industries | 0.97 | 0.97 | 0 | 0 | -1.29 | 0 | -56.60 | 0 | -24.18 |
| Manglam Global Corp. | 10.50 | 0.66 | 2.19 | 0 | -0.37 | -13.01 | -12.75 | 0 | -26.52 |
| Euro Asia Exports | 27.18 | 0.21 | 0 | 5.05 | 5.38 | 4.98 | 7.09 | 0.02 | 5.78 |
Vega Jewellers Shareholding Pattern
| Summary | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.7% | 72.7% | 74.3% | 74.3% | 74.3% | 74.3% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% | 65.6% |
| FII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DII | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.3% | 27.3% | 25.7% | 25.7% | 25.7% | 25.7% | 34.4% | 34.4% | 34.4% | 34.4% | 34.4% | 34.4% |
Quarterly Result (All Figures in Cr.)
| PARTICULARS | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 5.09 |
| Total Expenditure | 0.08 | 0.03 | 0 | 0 | 4.95 |
| Operating Profit | -0.08 | -0.03 | 0 | 0 | 0.14 |
| Other Income | 0.13 | 0.20 | 0.05 | 0.04 | 0.01 |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0.06 | 0.17 | 0.05 | 0.04 | 0.15 |
| Tax | 0 | 0.06 | 0.01 | 0.01 | 0.04 |
| Profit After Tax | 0.06 | 0.10 | 0.04 | 0.03 | 0.11 |
| Adjusted EPS (Rs) | 1.19 | 2.17 | 0.77 | 0.56 | 2.27 |
Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Net Sales | 3.57 | 2.08 | 0.06 | 0 | 0 |
| Total Expenditure | 3.75 | 2.20 | 0.13 | 0.20 | 0.11 |
| Operating Profit | -0.18 | -0.13 | -0.07 | -0.20 | -0.11 |
| Other Income | 0 | 0.07 | 0.15 | 0.03 | 0.33 |
| Interest | 0.01 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Exceptional Items | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0.19 | -0.06 | 0.09 | -0.17 | 0.23 |
| Tax | 0 | 0 | -0.06 | 0.21 | 0.06 |
| Net Profit | -0.19 | -0.06 | 0.15 | -0.38 | 0.16 |
| Adjusted EPS (Rs.) | -3.98 | -1.19 | 3.04 | -7.98 | 3.35 |
Balance Sheet (All Figures are in Crores.)
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Equity and Liabilities | |||||
| Share Capital | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| Total Reserves | 2.25 | 1.98 | 2.12 | 1.74 | 1.90 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Other N/C liabilities | 0.03 | 0.03 | 0.03 | -0.01 | -0.01 |
| Current liabilities | 1.09 | 0.38 | 0.24 | 0.01 | 0.61 |
| Total Liabilities | 3.85 | 2.87 | 2.86 | 2.21 | 2.98 |
| Assets | |||||
| Net Block | 0 | 0 | 0 | 0 | 0 |
| Capital WIP | 0 | 0 | 0 | 0 | 0 |
| Intangible WIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.27 | 0 | 0 | 0 | 0 |
| Loans & Advances | 0 | 0 | 2.11 | 1.70 | 2.25 |
| Other N/C Assets | 0 | 0 | 0 | 0 | 0 |
| Current Assets | 3.57 | 2.86 | 0.76 | 0.52 | 0.72 |
| Total Assets | 3.85 | 2.87 | 2.86 | 2.21 | 2.98 |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Conclusion
Vega Jewellers is a promising jewelry stock that could provide long-term growth for investors. However, before making an investment decision, market conditions and industry-specific risks should be thoroughly considered. Keeping track of financial statistics, market trends, and expert projections can help investors make more educated decisions.
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