V I P Industries Ltd

V I P Industries Ltd

₹ 487 -1.41%
31 May - close price
About

VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.

Key Points

Market Leadership
VIP Industries Limited is a manufacturer and supplier of luggage, backpacks, and handbags and the second largest in the world. [1] It is No. 1 In the organized luggage space. [2]

  • Market Cap 6,907 Cr.
  • Current Price 487
  • High / Low 723 / 449
  • Stock P/E 127
  • Book Value 47.8
  • Dividend Yield 0.92 %
  • ROCE 10.4 %
  • ROE 8.23 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 49.0%

Cons

  • Stock is trading at 10.2 times its book value

* 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: Plastic products Industry: Moulded Luggage

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
243 206 330 397 356 591 515 526 451 636 546 546 516
240 193 288 340 323 488 443 453 386 556 493 494 508
Operating Profit 3 13 42 57 33 103 72 73 64 81 53 52 8
OPM % 1% 6% 13% 14% 9% 17% 14% 14% 14% 13% 10% 10% 2%
16 14 7 9 6 22 5 3 -43 28 3 3 4
Interest 7 7 6 5 5 7 7 7 8 11 12 15 17
Depreciation 18 18 17 17 17 18 18 18 20 21 24 27 28
Profit before tax -6 2 25 44 16 100 52 51 -6 77 19 13 -33
Tax % 34% -37% 25% 23% 23% 31% 16% 13% 34% 25% 31% 46% 28%
-4 3 19 33 12 69 43 44 -4 58 13 7 -24
EPS in Rs -0.27 0.18 1.31 2.37 0.88 4.88 3.07 3.11 -0.30 4.08 0.94 0.50 -1.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
801 942 1,017 1,192 1,252 1,410 1,785 1,714 619 1,290 2,082 2,245
730 860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,765 2,026
Operating Profit 71 82 79 110 134 196 227 296 -64 147 317 219
OPM % 9% 9% 8% 9% 11% 14% 13% 17% -10% 11% 15% 10%
1 18 7 3 7 9 8 -36 48 36 -16 12
Interest 7 4 3 3 3 2 4 25 31 26 31 55
Depreciation 20 17 18 14 14 13 17 87 78 70 74 99
Profit before tax 45 80 65 95 126 190 215 148 -125 86 197 77
Tax % 31% 28% 29% 30% 32% 33% 32% 25% 22% 22% 22% 29%
32 58 47 66 85 127 145 112 -97 67 152 54
EPS in Rs 2.23 4.08 3.30 4.70 6.03 8.97 10.28 7.91 -6.90 4.73 10.75 3.83
Dividend Payout % 45% 42% 45% 43% 40% 33% 31% 40% 0% 53% 42% 52%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 54%
TTM: 8%
Compounded Profit Growth
10 Years: 2%
5 Years: -18%
3 Years: 36%
TTM: -69%
Stock Price CAGR
10 Years: 17%
5 Years: 2%
3 Years: 8%
1 Year: -19%
Return on Equity
10 Years: 16%
5 Years: 11%
3 Years: 16%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 229 259 277 311 380 461 553 582 489 531 613 650
40 16 31 14 0 0 86 269 353 298 352 871
112 146 163 231 201 284 404 364 223 371 421 517
Total Liabilities 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067
78 85 71 67 61 77 117 371 288 265 309 533
CWIP 4 1 1 1 1 3 6 3 2 7 15 13
Investments 0 0 0 0 68 72 1 41 141 42 23 3
328 363 427 517 479 621 948 829 662 915 1,067 1,518
Total Assets 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
74 50 14 53 126 85 -56 292 85 -24 175 -132
-15 -2 -3 -8 -73 -29 16 -85 -145 146 -84 -76
-63 -49 -14 -45 -51 -44 31 -211 74 -126 -75 218
Net Cash Flow -4 -1 -3 0 2 13 -9 -4 14 -3 16 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 37 40 46 35 46 61 57 88 62 45 53
Inventory Days 119 120 145 158 153 168 219 208 311 305 217 314
Days Payable 59 68 76 89 78 113 132 135 159 166 114 140
Cash Conversion Cycle 108 89 109 115 109 101 148 130 240 201 148 228
Working Capital Days 81 70 82 79 73 76 103 91 176 137 96 144
ROCE % 17% 23% 20% 28% 34% 43% 38% 29% -12% 13% 28%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.46% 50.28% 50.27% 50.39% 50.79% 51.33% 51.32% 51.31% 51.30% 51.23% 51.77% 51.76%
2.98% 4.39% 5.84% 8.63% 8.84% 8.95% 9.33% 9.03% 8.95% 7.76% 7.49% 8.07%
20.47% 23.16% 23.60% 21.36% 20.80% 20.59% 19.88% 20.89% 20.82% 14.70% 12.84% 12.68%
23.09% 22.17% 20.29% 19.62% 19.57% 19.14% 19.47% 18.77% 18.94% 26.32% 27.91% 27.50%
No. of Shareholders 1,13,2901,18,0921,10,7961,08,0191,10,9711,08,9851,14,4181,10,8161,11,0201,15,2461,28,7291,40,875

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls