VIP Clothing Ltd

₹ 36.2 -3.26%

19 Apr 3:45 p.m.

vipclothing.in BSE: 532613 NSE : VIPCLOTHNG

About

Incorporated in 1991, VIP Clothing Ltd
is a manufacturer, marketer, and distributor
of Men’s and Women’s inner wear and socks^[1]

Key Points

Business Overview:^[1]^[2]
VIPCL is a TUV - ISO 9000 certified company engaged in manufacturing, marketing, and distribution of Men’s
and Women’s innerwear and socks under the brand name VIP, Frenchie, Feelings, and Leader. It provides intimate
wear to consumers across various segments. Company has vertically integrated operations from sourcing raw materials (Cotton) to finished garments.

Website BSE NSE

Market Cap ₹ 299 Cr.
Current Price ₹ 36.2
High / Low ₹ 59.8 / 33.0
Stock P/E
Book Value ₹ 18.0
Dividend Yield 0.00 %
ROCE 4.92 %
ROE 1.35 %
Face Value ₹ 2.00

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Pros

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -2.02% over past five years.
Company has a low return on equity of -0.35% over last 3 years.
Promoter holding has decreased over last 3 years: -3.47%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	41.52	41.72	23.40	59.86	49.92	48.70	50.47	52.86	44.16	51.63	53.66	52.35	44.89
	39.95	40.73	26.02	54.11	51.26	45.13	50.89	50.26	40.04	46.99	50.13	51.67	46.02
Operating Profit	1.57	0.99	-2.62	5.75	-1.34	3.57	-0.42	2.60	4.12	4.64	3.53	0.68	-1.13
OPM %	3.78%	2.37%	-11.20%	9.61%	-2.68%	7.33%	-0.83%	4.92%	9.33%	8.99%	6.58%	1.30%	-2.52%
	0.27	0.85	0.64	0.92	1.32	0.75	1.79	0.93	6.57	0.11	0.09	0.13	0.10
Interest	2.81	2.70	2.24	2.20	2.49	2.33	2.43	2.37	2.31	1.86	2.07	2.30	2.20
Depreciation	1.00	0.94	0.93	0.98	0.97	0.97	0.90	0.81	0.69	0.66	0.68	0.68	0.66
Profit before tax	-1.97	-1.80	-5.15	3.49	-3.48	1.02	-1.96	0.35	7.69	2.23	0.87	-2.17	-3.89
Tax %	332.49%	90.00%	21.36%	38.11%	30.75%	-104.90%	-3.06%	-354.29%	33.81%	11.21%	31.03%	-14.29%	13.11%
	4.58	-0.19	-4.06	2.16	-2.41	2.09	-2.02	1.59	5.09	1.98	0.61	-2.48	-3.38
EPS in Rs	0.55	-0.02	-0.49	0.26	-0.29	0.25	-0.24	0.19	0.62	0.24	0.07	-0.30	-0.41
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Profit & Loss

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	220	249	257	261	194	231	222	207	172	143	183	201	203
	201	233	234	233	194	217	212	203	188	140	176	188	195
Operating Profit	18	16	23	28	-0	14	10	4	-16	3	7	13	8
OPM %	8%	7%	9%	11%	-0%	6%	5%	2%	-9%	2%	4%	6%	4%
	6	5	1	0	7	-6	1	2	3	2	2	8	0
Interest	15	14	13	13	13	12	11	9	10	11	10	9	8
Depreciation	4	3	4	5	4	3	3	3	4	4	4	3	3
Profit before tax	6	4	8	11	-9	-8	-3	-7	-28	-10	-4	8	-3
Tax %	25%	35%	34%	36%	-5%	5%	-18%	5%	46%	89%	46%	20%
	5	3	5	7	-10	-7	-3	-6	-15	-1	-2	7	-3
EPS in Rs	0.59	0.36	0.68	0.89	-1.20	-0.89	-0.37	-0.75	-1.81	-0.13	-0.27	0.80	-0.40
Dividend Payout %	41%	53%	24%	27%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-2%
5 Years:	-2%
3 Years:	5%
TTM:	3%

Compounded Profit Growth
10 Years:	-4%
5 Years:	21%
3 Years:	29%
TTM:	-222%

Stock Price CAGR
10 Years:	8%
5 Years:	14%
3 Years:	46%
1 Year:	-19%

Return on Equity
10 Years:	-2%
5 Years:	-3%
3 Years:	0%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	13	13	13	13	13	13	17	17	17	17	17	17	17
Reserves	75	75	78	79	80	143	178	135	120	119	117	123	133
Preference Capital	12	12	12	4	0	0	0	0	0	0	0	0
	83	99	83	95	94	96	80	83	79	93	103	89	86
	51	66	73	68	56	88	89	68	57	42	48	56	53
Total Liabilities	221	253	247	255	243	341	364	302	272	270	285	285	288
	70	69	72	67	62	171	166	109	109	107	104	97	96
CWIP	0	0	0	2	0	0	0	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
	151	184	175	186	182	170	198	194	163	163	181	188	192
Total Assets	221	253	247	255	243	341	364	302	272	270	285	285	288

Cash Flows

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	22	5	35	12	10	10	-17	7	14	6	-4	13
	8	-3	-5	-4	2	12	3	-1	3	-1	-0	11
	-29	-1	-31	-8	-11	-21	15	-6	-16	-2	1	-14
Net Cash Flow	1	1	-1	-0	0	1	1	0	2	2	-3	10

Ratios

Figures in Rs. Crores

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	78	83	80	106	103	84	107	106	103	154	120	121
Inventory Days	269	266	228	216	367	268	323	336	302	330	311	240
Days Payable	53	79	75	74	108	59	69	63	68	96	106	84
Cash Conversion Cycle	294	271	232	248	362	292	361	380	338	387	326	277
Working Capital Days	191	185	160	173	249	212	266	283	272	325	264	238
ROCE %	8%	10%	11%	12%	-2%	5%	3%	1%	-8%	0%	2%	5%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	53.08%	53.15%	53.26%	49.52%	49.53%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%	49.58%
	0.27%	0.27%	0.47%	0.36%	0.27%	0.42%	1.02%	0.44%	0.47%	0.27%	0.03%	0.12%
	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	46.65%	46.58%	46.27%	50.11%	50.20%	49.99%	49.39%	49.98%	49.95%	50.15%	50.38%	50.29%
No. of Shareholders	22,693	33,407	33,569	33,283	32,691	32,040	29,876	29,151	29,121	32,054	32,076	33,189

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	65.22%	52.67%	52.67%	52.67%	53.05%	49.52%	49.58%	49.58%
	0.55%	0.43%	0.49%	0.43%	0.27%	0.36%	0.44%	0.12%
	0.15%	0.22%	0.29%	0.00%	0.00%	0.01%	0.00%	0.00%
	34.08%	46.68%	46.55%	46.90%	46.68%	50.11%	49.98%	50.29%
No. of Shareholders	15,387	22,177	22,328	22,342	21,619	33,283	29,151	33,189

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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