VIP Clothing Ltd

VIP Clothing Ltd

₹ 24.8 -0.56%
12 Jun - close price
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 Profile[1][2]
VIP Clothing is an Indian innerwear and apparel manufacturer, operating primarily in the mass-to-premium innerwear segment. The company focuses on comfort-led, everyday essentials and is undergoing a strategic turnaround and transformation, emphasizing brand strengthening.

  • Market Cap 223 Cr.
  • Current Price 24.8
  • High / Low 44.3 / 14.0
  • Stock P/E 22.8
  • Book Value 21.6
  • Dividend Yield 0.00 %
  • ROCE 8.02 %
  • ROE 5.18 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.15 times its book value
  • Company has delivered good profit growth of 61.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 0.53% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.03%

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
51.63 53.66 52.35 44.89 32.38 50.12 59.23 62.63 64.91 65.45 66.07 50.78 71.54
46.99 50.13 51.67 46.02 40.21 47.31 55.82 57.94 59.16 59.21 59.93 47.11 64.72
Operating Profit 4.64 3.53 0.68 -1.13 -7.83 2.81 3.41 4.69 5.75 6.24 6.14 3.67 6.82
OPM % 8.99% 6.58% 1.30% -2.52% -24.18% 5.61% 5.76% 7.49% 8.86% 9.53% 9.29% 7.23% 9.53%
0.11 0.09 0.13 0.10 0.10 0.14 0.32 0.24 0.66 0.15 0.18 0.52 0.19
Interest 1.86 2.07 2.30 2.20 2.51 1.93 1.98 1.79 2.36 2.45 2.23 2.19 1.91
Depreciation 0.66 0.68 0.68 0.66 0.70 0.70 0.69 0.70 0.85 0.68 0.68 0.63 0.64
Profit before tax 2.23 0.87 -2.17 -3.89 -10.94 0.32 1.06 2.44 3.20 3.26 3.41 1.37 4.46
Tax % 11.21% 31.03% 14.29% -13.11% -32.36% 25.00% 24.53% 18.44% 24.38% 31.90% 34.60% 32.12% 0.90%
1.98 0.61 -2.48 -3.38 -7.40 0.23 0.81 2.00 2.42 2.22 2.24 0.93 4.42
EPS in Rs 0.24 0.07 -0.30 -0.41 -0.90 0.03 0.09 0.22 0.27 0.25 0.25 0.10 0.49
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
261 194 231 222 207 172 143 183 201 183 237 254
233 194 217 212 203 188 140 176 188 188 220 231
Operating Profit 28 -0 14 10 4 -16 3 7 13 -5 17 23
OPM % 11% -0% 6% 5% 2% -9% 2% 4% 6% -3% 7% 9%
0 7 -6 1 2 3 2 2 8 0 1 1
Interest 13 13 12 11 9 10 11 10 9 9 8 9
Depreciation 5 4 3 3 3 4 4 4 3 3 3 3
Profit before tax 11 -9 -8 -3 -7 -28 -10 -4 8 -16 7 13
Tax % 36% 5% -5% 18% -5% -46% -89% -46% 20% -22% 22% 22%
7 -10 -7 -3 -6 -15 -1 -2 7 -13 5 10
EPS in Rs 0.89 -1.20 -0.89 -0.37 -0.75 -1.81 -0.13 -0.27 0.80 -1.53 0.61 1.09
Dividend Payout % 27% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 12%
3 Years: 8%
TTM: 7%
Compounded Profit Growth
10 Years: 10%
5 Years: 62%
3 Years: 74%
TTM: 80%
Stock Price CAGR
10 Years: -7%
5 Years: 8%
3 Years: -22%
1 Year: -39%
Return on Equity
10 Years: -2%
5 Years: 0%
3 Years: 1%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 13 13 13 17 17 17 17 17 17 17 18 18
Reserves 83 80 143 178 135 120 119 117 135 122 167 176
98 94 96 80 83 79 93 103 89 81 82 70
61 56 88 89 68 57 42 48 46 52 63 64
Total Liabilities 255 243 341 364 302 272 270 285 286 271 329 328
67 62 171 166 109 109 107 104 97 99 97 95
CWIP 2 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
186 182 170 198 194 163 163 181 188 171 232 233
Total Assets 255 243 341 364 302 272 270 285 286 271 329 328

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12 10 10 -17 7 14 6 -4 13 10 -37 20
-4 2 12 3 -1 3 -1 -0 11 -0 4 2
-8 -11 -21 15 -6 -16 -2 1 -14 -21 34 -22
Net Cash Flow -0 0 1 1 0 2 2 -3 10 -11 0 0
Free Cash Flow 8 11 21 -15 6 14 5 -4 24 10 -38 20
CFO/OP 54% -15,988% 75% -163% 189% -92% 198% -51% 111% -224% -223% 89%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 106 103 84 107 106 103 154 120 122 116 152 138
Inventory Days 216 367 268 323 336 302 330 311 240 281 233 195
Days Payable 74 108 59 69 63 68 96 106 84 125 119 88
Cash Conversion Cycle 248 362 292 361 380 338 387 326 279 272 267 245
Working Capital Days 42 72 63 135 138 105 102 81 83 73 131 141
ROCE % 12% -2% 5% 3% 1% -8% 0% 2% 5% -3% 6% 8%

Insights

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Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Working Capital Cycle
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Domestic Sales Revenue Contribution
%
Units Consumed per kg of Production
kWh/kg
Exclusive Brand Outlets (EBOs)
Number
Number of Distributors
Number
Number of Employees/Workforce
Number
Number of Retailers
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
49.58% 49.58% 49.58% 49.58% 49.58% 49.58% 46.55% 46.55% 46.55% 46.55% 46.55% 46.55%
0.47% 0.27% 0.03% 0.12% 0.03% 0.00% 0.45% 0.48% 0.48% 0.50% 0.46% 0.15%
49.95% 50.15% 50.38% 50.29% 50.38% 50.42% 53.00% 52.98% 52.96% 52.94% 52.99% 53.28%
No. of Shareholders 29,12132,05432,07633,18934,33632,53232,09131,90632,56432,81532,32732,062

* 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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