V I P Industries Ltd

V I P Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

V I P Industries Ltd

₹ 514 -1.39%
19 Apr - close price
vipindustries.co.in BSE: 507880 NSE : VIPIND
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]

Website BSE NSE
  • Market Cap ₹ 7,296 Cr.
  • Current Price ₹ 514
  • High / Low ₹ 723 / 449
  • Stock P/E 934
  • Book Value ₹ 46.1
  • Dividend Yield 0.88 %
  • ROCE 24.7 %
  • ROE 26.5 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 31.7%
  • Debtor days have improved from 63.8 to 43.9 days.
  • Company's working capital requirements have reduced from 113 days to 89.4 days

Cons

  • Stock is trading at 11.2 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.46% over past five years.
  • Company has a low return on equity of 7.46% 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: Plastic products Industry: Moulded Luggage

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
229.97 241.32 201.75 324.92 386.92 343.60 563.23 502.68 513.77 439.85 622.23 538.10 540.53
226.32 251.76 189.23 291.34 341.64 320.16 492.31 453.15 480.95 417.92 564.01 513.61 516.26
Operating Profit 3.65 -10.44 12.52 33.58 45.28 23.44 70.92 49.53 32.82 21.93 58.22 24.49 24.27
OPM % 1.59% -4.33% 6.21% 10.33% 11.70% 6.82% 12.59% 9.85% 6.39% 4.99% 9.36% 4.55% 4.49%
10.19 16.32 14.39 16.16 10.99 8.09 56.64 5.15 47.89 -9.91 28.61 2.95 5.80
Interest 7.80 6.91 6.93 6.04 4.86 4.65 5.62 5.76 5.35 6.81 9.25 10.93 13.74
Depreciation 15.48 15.25 15.25 14.56 14.40 13.91 14.88 13.79 14.11 15.27 16.78 19.83 22.53
Profit before tax -9.44 -16.28 4.73 29.14 37.01 12.97 107.06 35.13 61.25 -10.06 60.80 -3.32 -6.20
Tax % 8.05% 26.97% 26.43% 18.91% 25.56% 30.07% 22.63% 8.28% 6.58% -12.72% 24.51% 26.81% 21.61%
-8.68 -11.89 3.48 23.63 27.55 9.07 82.83 32.22 57.22 -11.34 45.90 -2.43 -4.86
EPS in Rs -0.61 -0.84 0.25 1.67 1.95 0.64 5.85 2.28 4.04 -0.80 3.24 -0.17 -0.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
794 801 942 1,017 1,192 1,251 1,410 1,784 1,710 613 1,257 2,020 2,141
673 730 859 939 1,087 1,130 1,227 1,581 1,463 689 1,138 1,840 2,012
Operating Profit 121 71 83 78 105 121 183 204 247 -76 119 180 129
OPM % 15% 9% 9% 8% 9% 10% 13% 11% 14% -12% 9% 9% 6%
1 1 18 7 3 9 10 10 -24 59 47 97 27
Interest 9 7 4 3 3 3 2 4 24 29 24 25 41
Depreciation 17 20 17 15 12 11 11 13 78 67 58 58 74
Profit before tax 96 45 80 67 92 116 179 197 121 -113 84 193 41
Tax % 29% 31% 27% 28% 31% 34% 34% 34% 27% 25% 24% 17%
68 32 58 48 63 76 119 129 89 -85 64 161 27
EPS in Rs 4.79 2.23 4.13 3.39 4.49 5.41 8.39 9.11 6.28 -5.98 4.50 11.36 1.93
Dividend Payout % 33% 45% 41% 44% 45% 44% 36% 35% 51% -0% 55% 40%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 6%
TTM: 11%
Compounded Profit Growth
10 Years: 17%
5 Years: 4%
3 Years: 7%
TTM: -95%
Stock Price CAGR
10 Years: 18%
5 Years: 2%
3 Years: 17%
1 Year: -14%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 7%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 28 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 214 229 259 279 308 370 444 518 519 440 477 579 626
84 40 16 31 14 -0 -0 86 251 331 233 289 466
106 112 144 161 229 207 294 396 353 209 294 350 382
Total Liabilities 432 409 448 499 580 605 766 1,029 1,151 1,008 1,032 1,246 1,503
83 78 68 55 52 49 62 83 311 234 202 238 373
CWIP 1 1 1 1 1 1 1 4 3 2 6 14 10
Investments 0 4 10 18 20 88 101 44 89 198 100 76 54
348 327 370 424 507 468 602 897 748 574 723 918 1,065
Total Assets 432 409 448 499 580 605 766 1,029 1,151 1,008 1,032 1,246 1,503

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
84 74 45 13 51 125 84 -64 271 75 -14 63
-20 -15 3 -2 -7 -72 -30 23 -67 -139 173 15
-55 -63 -49 -14 -45 -51 -44 31 -207 73 -163 -63
Net Cash Flow 8 -4 -1 -3 -0 2 10 -11 -3 9 -5 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 57 47 37 40 46 35 46 61 56 87 60 44
Inventory Days 127 119 118 140 150 143 156 189 156 205 192 151
Days Payable 58 59 67 74 86 80 115 122 118 136 110 78
Cash Conversion Cycle 126 108 88 106 110 99 86 128 94 156 142 117
Working Capital Days 92 81 69 82 77 68 70 96 78 138 111 89
ROCE % 33% 17% 23% 20% 28% 32% 42% 36% 27% -12% 14% 25%

Shareholding Pattern

Numbers in percentages

9 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

Announcements

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Credit ratings

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