VIP Clothing Ltd
Maxwell Industries Limited was incorporated in 1991 by Mr. Jaykumar Pathare and was renamed VIP Clothing Limited in 2016. It is the first intimate innerwear brand. [1] [2] [3]
VIP Clothing is engaged in the business of Manufacturer, Marketing and Distributor of Mens and Womens innerwear and socks under the brand name VIP, Frenchie, Feelings, Leader, and Eminence.[4]
- Market Cap ₹ 334 Cr.
- Current Price ₹ 40.4
- High / Low ₹ 57.8 / 20.6
- Stock P/E 124
- Book Value ₹ 16.1
- Dividend Yield 0.00 %
- ROCE 2.23 %
- ROE -1.62 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 2.52 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.66% over past five years.
- Company has a low return on equity of -4.40% over last 3 years.
- Earnings include an other income of Rs.10.0 Cr.
- Promoter holding has decreased over last 3 years: -3.09%
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
223 | 220 | 249 | 257 | 261 | 194 | 231 | 222 | 207 | 172 | 143 | 182 | 196 | |
210 | 201 | 233 | 234 | 233 | 194 | 217 | 212 | 203 | 188 | 140 | 176 | 186 | |
Operating Profit | 13 | 18 | 16 | 23 | 28 | -0 | 14 | 10 | 4 | -16 | 3 | 5 | 10 |
OPM % | 6% | 8% | 7% | 9% | 11% | -0% | 6% | 5% | 2% | -9% | 2% | 3% | 5% |
6 | 6 | 5 | 1 | 0 | 7 | -6 | 1 | 2 | 3 | 2 | 4 | 10 | |
Interest | 14 | 15 | 14 | 13 | 13 | 13 | 12 | 11 | 9 | 10 | 11 | 9 | 9 |
Depreciation | 3 | 4 | 3 | 4 | 5 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 3 |
Profit before tax | 2 | 6 | 4 | 8 | 11 | -9 | -8 | -3 | -7 | -28 | -10 | -4 | 7 |
Tax % | 32% | 25% | 35% | 34% | 36% | -5% | 5% | -18% | 5% | 46% | 89% | 46% | |
Net Profit | 2 | 5 | 3 | 5 | 7 | -10 | -7 | -3 | -6 | -15 | -1 | -2 | 7 |
EPS in Rs | 0.21 | 0.59 | 0.36 | 0.68 | 0.89 | -1.20 | -0.89 | -0.37 | -0.75 | -1.81 | -0.13 | -0.27 | 0.82 |
Dividend Payout % | 39% | 41% | 53% | 24% | 27% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | -5% |
3 Years: | -4% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 18% |
TTM: | 160% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | -6% |
3 Years: | 120% |
1 Year: | 61% |
Return on Equity | |
---|---|
10 Years: | -2% |
5 Years: | -4% |
3 Years: | -4% |
Last Year: | -2% |
Balance Sheet
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
31 | 24 | 24 | 24 | 17 | 13 | 13 | 17 | 17 | 17 | 17 | 17 | 17 | |
Reserves | 73 | 75 | 75 | 78 | 79 | 80 | 143 | 178 | 135 | 120 | 119 | 117 | 116 |
94 | 83 | 99 | 83 | 95 | 94 | 96 | 80 | 83 | 79 | 93 | 103 | 103 | |
72 | 51 | 66 | 73 | 68 | 56 | 88 | 89 | 68 | 57 | 42 | 48 | 40 | |
Total Liabilities | 252 | 221 | 253 | 247 | 255 | 243 | 341 | 364 | 302 | 272 | 270 | 285 | 275 |
80 | 70 | 69 | 72 | 67 | 62 | 171 | 166 | 109 | 109 | 107 | 104 | 98 | |
CWIP | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
171 | 151 | 184 | 175 | 186 | 182 | 170 | 198 | 194 | 163 | 163 | 181 | 178 | |
Total Assets | 252 | 221 | 253 | 247 | 255 | 243 | 341 | 364 | 302 | 272 | 270 | 285 | 275 |
Cash Flows
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-4 | 22 | 5 | 35 | 12 | 10 | 10 | -17 | 7 | 14 | 6 | -5 | |
-1 | 8 | -3 | -5 | -4 | 2 | 12 | 3 | -1 | 3 | -1 | 0 | |
3 | -29 | -1 | -31 | -8 | -11 | -21 | 15 | -6 | -16 | -2 | 2 | |
Net Cash Flow | -1 | 1 | 1 | -1 | -0 | 0 | 1 | 1 | 0 | 2 | 2 | -3 |
Ratios
Figures in Rs. Crores
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 86 | 78 | 83 | 80 | 106 | 103 | 84 | 107 | 106 | 103 | 154 | 121 |
Inventory Days | 310 | 269 | 266 | 228 | 216 | 367 | 268 | 323 | 336 | 302 | 330 | 313 |
Days Payable | 85 | 53 | 79 | 75 | 74 | 108 | 59 | 69 | 63 | 68 | 96 | 107 |
Cash Conversion Cycle | 311 | 294 | 271 | 232 | 248 | 362 | 292 | 361 | 380 | 338 | 387 | 328 |
Working Capital Days | 194 | 191 | 185 | 160 | 173 | 249 | 212 | 266 | 283 | 272 | 325 | 280 |
ROCE % | 8% | 8% | 10% | 11% | 12% | -2% | 5% | 3% | 1% | -8% | 0% | 2% |
Documents
Announcements
- Submission Of Certificate From Statutory Auditor As per Regulation 169(5) Of The SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018 ('SEBI ICDR Regulations'). 28 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Feb - Copies of extract of Un-audited financial results for the quarter ended December 31, 2022 published in the newspapers dated February 10, 2023.
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Announcement under Regulation 30 (LODR)-Investor Presentation
10 Feb - VIP CLOTHING LTD. - Investor Presentation on the Unaudited Financial Results for the Quarter ended on December 31, 2022.
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Announcement under Regulation 30 (LODR)-Investor Presentation
10 Feb - VIP CLOTHING LTD. - Investor Presentation on the Unaudited Financial Results for the Quarter ended on December 31, 2022.
- Board Meeting Outcome for Unaudited Financial Results 31.12.2022 9 Feb
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
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Financial Year 2010
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Financial Year 2010
from nse
Concalls
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Jan 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
Product and Brands
VIP Clothing Ltd. has been there for more than 40 years. It is engaged in the manufacturing and marketing of male underwear (briefs, trunks, boxer shorts, vests) and female basic intimate apparel (panties, camisoles, fundamental bras).
It markets the following brands and all of their sub-brands:
Frenchie was launched in the 80s and marked the advent of mini-brief in India. It has been present for 30 years and is the largest selling brand in its category. [1]
Frenchie X is present in the premium segment for youth where international brands are trying to enter.
VIP Feelings is present in the lingerie segment. This brand is known for its innovations and creation of categories such as Nursing Bra's, Sanitary Panties. which are made from 100% genuine elastic and are designed using fabrics with a Microbe Shield that provides effective solutions to microbial contamination. [2]
Leader consists of Vest, Briefs & Trunks for men and kids which are made from 100% combed cotton. [3] [4] [1]