Vippy Spinpro Ltd

Vippy Spinpro Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vippy Spinpro Ltd

₹ 163 -1.27%
23 Apr - close price
vippyspinpro.com BSE: 514302
About

Incorporated in 1992, Vippy Spin
pro Ltd manufactures cotton yarn
for different applications by Rotor
Spinning[1]

Key Points

Business Overview:[1][2]
VSL is a Cotton Yarn Spinning company. It produces yarn counts ranging from 6s to 20s, with Count Strength Product values of 1450, 1750, 1800, 1900 & 2000. Also, company offers Two-for-One spin upto 5 ply, providing versatility in yarn construction. Company also specializes in production of waxed yarn, slub yarns, multi-count yarn, multi-twist yarns and waxed yarn, low twist yarns, soft yarns, contamination free yarn and contamination controlled yarn

Website BSE
  • Market Cap ₹ 95.5 Cr.
  • Current Price ₹ 163
  • High / Low ₹ 214 / 134
  • Stock P/E 52.8
  • Book Value ₹ 123
  • Dividend Yield 0.00 %
  • ROCE 16.8 %
  • ROE 15.9 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 58.1 to 46.3 days.
  • Company's working capital requirements have reduced from 132 days to 90.9 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.25% over past five years.
  • Company might be capitalizing the interest cost

* 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 - Cotton/Blended

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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
25.98 31.39 33.08 35.29 34.81 36.24 44.66 31.56 32.89 47.22 64.36 61.92 60.04
23.61 27.16 30.13 29.43 31.22 31.78 37.40 26.36 31.01 44.87 61.12 58.26 56.15
Operating Profit 2.37 4.23 2.95 5.86 3.59 4.46 7.26 5.20 1.88 2.35 3.24 3.66 3.89
OPM % 9.12% 13.48% 8.92% 16.61% 10.31% 12.31% 16.26% 16.48% 5.72% 4.98% 5.03% 5.91% 6.48%
0.16 0.08 0.06 0.18 0.39 0.43 0.12 0.36 0.28 0.36 0.04 0.25 0.19
Interest 0.03 0.05 0.03 0.17 0.04 0.01 0.15 0.00 0.00 0.36 0.71 0.62 0.59
Depreciation 0.39 0.39 0.33 0.33 0.33 0.33 0.30 0.30 0.30 2.01 2.39 2.39 2.39
Profit before tax 2.11 3.87 2.65 5.54 3.61 4.55 6.93 5.26 1.86 0.34 0.18 0.90 1.10
Tax % 19.91% 27.65% 25.28% 25.27% 24.93% 26.15% 25.25% 25.10% 26.34% 35.29% 27.78% 25.56% 30.00%
1.70 2.80 1.98 4.14 2.70 3.35 5.19 3.94 1.37 0.22 0.14 0.68 0.77
EPS in Rs 2.90 4.77 3.37 7.05 4.60 5.71 8.84 6.71 2.33 0.37 0.24 1.16 1.31
Raw PDF

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
102 89 100 95 88 98 105 114 111 88 139 156 234
95 81 92 87 81 93 98 105 104 81 123 140 220
Operating Profit 7 8 8 8 7 5 7 9 7 7 17 17 13
OPM % 7% 9% 8% 8% 7% 6% 7% 8% 6% 8% 12% 11% 6%
1 1 1 1 1 1 0 0 1 0 1 1 1
Interest 2 3 1 1 0 0 1 1 1 0 0 1 2
Depreciation 3 3 2 3 2 2 2 2 2 2 1 3 9
Profit before tax 3 4 5 5 5 5 5 6 5 5 16 14 3
Tax % 31% 29% 31% 32% 32% 29% 30% 25% 16% 27% 25% 26%
2 2 3 3 3 3 3 4 4 4 12 11 2
EPS in Rs 3.99 4.26 5.42 5.54 5.26 5.66 5.84 7.61 6.46 6.76 20.73 18.25 3.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 12%
TTM: 61%
Compounded Profit Growth
10 Years: 16%
5 Years: 27%
3 Years: 41%
TTM: -87%
Stock Price CAGR
10 Years: 31%
5 Years: 32%
3 Years: 55%
1 Year: -2%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 16%
Last Year: 16%

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 11 14 17 20 23 27 30 35 38 42 55 65 66
27 25 25 12 5 15 18 20 9 3 14 29 24
6 6 6 6 6 4 5 8 6 7 7 15 17
Total Liabilities 50 50 53 43 39 52 58 69 58 58 81 115 113
16 17 15 13 11 11 16 15 13 11 10 60 56
CWIP 1 0 0 0 0 0 0 0 0 0 4 0 0
Investments 0 0 0 0 0 1 0 0 0 0 0 0 1
33 33 38 30 28 41 42 53 45 47 67 55 57
Total Assets 50 50 53 43 39 52 58 69 58 58 81 115 113

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
-2 5 1 12 7 -9 5 -1 11 5 -7 27
-1 -3 -0 -0 -0 -1 -7 -1 1 0 -4 -48
3 -2 -0 -12 -7 10 2 1 -12 -6 10 21
Net Cash Flow -0 -0 0 -0 -0 -0 0 -0 0 0 -0 0

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 35 34 49 38 31 32 45 58 68 72 56 46
Inventory Days 88 125 99 85 94 127 103 127 95 154 135 87
Days Payable 4 5 2 1 2 0 2 11 4 8 6 4
Cash Conversion Cycle 119 154 145 123 123 159 147 173 159 218 185 129
Working Capital Days 90 105 111 90 88 121 128 145 129 163 142 91
ROCE % 12% 14% 13% 14% 14% 11% 11% 12% 9% 11% 26% 17%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.58% 66.58% 66.58% 66.58% 66.58% 66.57% 66.57% 66.57% 66.57% 66.57% 66.57% 66.57%
0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.03% 0.03% 0.03% 0.03%
33.36% 33.36% 33.36% 33.36% 33.36% 33.35% 33.36% 33.35% 33.38% 33.39% 33.39% 33.39%
No. of Shareholders 8,0828,0608,1618,1978,1858,1498,0978,2348,2118,1418,0398,124

* 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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