VIP Clothing Ltd

VIP Clothing Ltd

₹ 52.0 4.31%
11 Dec 3:59 p.m.
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.

  • Market Cap 430 Cr.
  • Current Price 52.0
  • High / Low 53.0 / 28.6
  • Stock P/E
  • Book Value 20.8
  • Dividend Yield 0.00 %
  • ROCE -3.07 %
  • ROE -8.75 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.28%
  • The company has delivered a poor sales growth of -2.42% over past five years.
  • Company has a low return on equity of -3.08% over last 3 years.

* 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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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
59.86 49.92 48.70 50.47 52.86 44.16 51.63 53.66 52.35 44.89 32.38 50.12 59.23
54.11 51.26 45.13 50.89 50.26 40.04 46.99 50.13 51.67 46.02 40.21 47.31 55.82
Operating Profit 5.75 -1.34 3.57 -0.42 2.60 4.12 4.64 3.53 0.68 -1.13 -7.83 2.81 3.41
OPM % 9.61% -2.68% 7.33% -0.83% 4.92% 9.33% 8.99% 6.58% 1.30% -2.52% -24.18% 5.61% 5.76%
0.92 1.32 0.75 1.79 0.93 6.57 0.11 0.09 0.13 0.10 0.10 0.14 0.32
Interest 2.20 2.49 2.33 2.43 2.37 2.31 1.86 2.07 2.30 2.20 2.51 1.93 1.98
Depreciation 0.98 0.97 0.97 0.90 0.81 0.69 0.66 0.68 0.68 0.66 0.70 0.70 0.69
Profit before tax 3.49 -3.48 1.02 -1.96 0.35 7.69 2.23 0.87 -2.17 -3.89 -10.94 0.32 1.06
Tax % 38.11% -30.75% -104.90% 3.06% -354.29% 33.81% 11.21% 31.03% 14.29% -13.11% -32.36% 25.00% 24.53%
2.16 -2.41 2.09 -2.02 1.59 5.09 1.98 0.61 -2.48 -3.38 -7.40 0.23 0.81
EPS in Rs 0.26 -0.29 0.25 -0.24 0.19 0.62 0.24 0.07 -0.30 -0.41 -0.90 0.03 0.10
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
249 257 261 194 231 222 207 172 143 183 201 183 187
233 234 233 194 217 212 203 188 140 176 188 188 189
Operating Profit 16 23 28 -0 14 10 4 -16 3 7 13 -5 -3
OPM % 7% 9% 11% -0% 6% 5% 2% -9% 2% 4% 6% -3% -1%
5 1 0 7 -6 1 2 3 2 2 8 0 1
Interest 14 13 13 13 12 11 9 10 11 10 9 9 9
Depreciation 3 4 5 4 3 3 3 4 4 4 3 3 3
Profit before tax 4 8 11 -9 -8 -3 -7 -28 -10 -4 8 -16 -13
Tax % 35% 34% 36% 5% -5% 18% -5% -46% -89% -46% 20% -22%
3 5 7 -10 -7 -3 -6 -15 -1 -2 7 -13 -10
EPS in Rs 0.36 0.68 0.89 -1.20 -0.89 -0.37 -0.75 -1.81 -0.13 -0.27 0.80 -1.53 -1.18
Dividend Payout % 53% 24% 27% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -2%
3 Years: 9%
TTM: -8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -954%
Stock Price CAGR
10 Years: 7%
5 Years: 46%
3 Years: 36%
1 Year: 15%
Return on Equity
10 Years: -4%
5 Years: -4%
3 Years: -3%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 13 13 17 17 17 17 17 17 17 17
Reserves 75 78 83 80 143 178 135 120 119 117 135 122 156
111 95 98 94 96 80 83 79 93 103 89 81 80
55 61 61 56 88 89 68 57 42 48 46 52 52
Total Liabilities 253 247 255 243 341 364 302 272 270 285 286 271 304
69 72 67 62 171 166 109 109 107 104 97 99 98
CWIP 0 0 2 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
184 175 186 182 170 198 194 163 163 181 188 171 206
Total Assets 253 247 255 243 341 364 302 272 270 285 286 271 304

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 35 12 10 10 -17 7 14 6 -4 13 10
-3 -5 -4 2 12 3 -1 3 -1 -0 11 -0
-1 -31 -8 -11 -21 15 -6 -16 -2 1 -14 -21
Net Cash Flow 1 -1 -0 0 1 1 0 2 2 -3 10 -11

Ratios

Figures in Rs. Crores

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 83 80 106 103 84 107 106 103 154 120 122 116
Inventory Days 266 228 216 367 268 323 336 302 330 311 240 281
Days Payable 79 75 74 108 59 69 63 68 96 106 84 125
Cash Conversion Cycle 271 232 248 362 292 361 380 338 387 326 279 272
Working Capital Days 185 160 173 249 212 266 283 272 325 264 229 217
ROCE % 10% 11% 12% -2% 5% 3% 1% -8% 0% 2% 5% -3%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
49.52% 49.53% 49.58% 49.58% 49.58% 49.58% 49.58% 49.58% 49.58% 49.58% 49.58% 47.30%
0.36% 0.27% 0.42% 1.02% 0.44% 0.47% 0.27% 0.03% 0.12% 0.03% 0.00% 0.00%
0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
50.11% 50.20% 49.99% 49.39% 49.98% 49.95% 50.15% 50.38% 50.29% 50.38% 50.42% 52.70%
No. of Shareholders 33,28332,69132,04029,87629,15129,12132,05432,07633,18934,33632,53232,559

* 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

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