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

₹ 345 -1.44%
05 Dec - 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
The company is Asia’s leading and the world’s 2nd-largest manufacturer and retailer of luggage, backpacks, and handbags. It is an established leader in the organized and oligopolistic Indian luggage market with a ~38% market share. [1]

Website BSE NSE
  • Market Cap ₹ 4,906 Cr.
  • Current Price ₹ 345
  • High / Low ₹ 515 / 248
  • Stock P/E
  • Book Value ₹ 32.7
  • Dividend Yield 0.00 %
  • ROCE -1.50 %
  • ROE -12.1 %
  • Face Value ₹ 2.00
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Pros

  • Company's working capital requirements have reduced from 47.1 days to 36.0 days

Cons

  • Stock is trading at 10.6 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.00%
  • Company has a low return on equity of 6.84% 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

Consumer Discretionary Consumer Durables Consumer Durables Plastic Products - Consumer

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
515 526 451 636 546 546 516 639 544 501 494 561 406
443 453 386 556 493 494 508 590 546 472 488 537 513
Operating Profit 72 73 64 81 53 52 8 49 -2 29 6 25 -106
OPM % 14% 14% 14% 13% 10% 10% 2% 8% -0% 6% 1% 4% -26%
5 3 -43 28 3 3 4 2 6 2 8 7 15
Interest 7 7 8 11 12 15 17 18 20 18 17 17 18
Depreciation 18 18 20 21 24 27 28 29 30 30 30 32 33
Profit before tax 52 51 -6 77 19 13 -33 4 -46 -17 -33 -17 -142
Tax % 16% 13% -34% 25% 31% 46% -28% -9% -28% -26% -16% -23% 1%
43 44 -4 58 13 7 -24 4 -33 -12 -27 -13 -143
EPS in Rs 3.07 3.11 -0.30 4.08 0.94 0.50 -1.68 0.28 -2.33 -0.87 -1.93 -0.92 -10.08
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
942 1,017 1,192 1,252 1,410 1,785 1,714 619 1,290 2,082 2,245 2,178 1,963
860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,765 2,047 2,090 2,010
Operating Profit 82 79 110 134 196 227 296 -64 147 317 198 88 -47
OPM % 9% 8% 9% 11% 14% 13% 17% -10% 11% 15% 9% 4% -2%
18 7 3 7 9 8 -36 48 36 -16 37 19 32
Interest 4 3 3 3 2 4 25 31 26 31 59 79 69
Depreciation 17 18 14 14 13 17 87 78 70 74 99 119 125
Profit before tax 80 65 95 126 190 215 148 -125 86 197 77 -91 -208
Tax % 28% 29% 30% 32% 33% 32% 25% -22% 22% 22% 29% -25%
58 47 66 85 127 145 112 -97 67 152 54 -69 -196
EPS in Rs 4.08 3.30 4.70 6.03 8.97 10.28 7.91 -6.90 4.73 10.75 3.83 -4.84 -13.80
Dividend Payout % 42% 45% 43% 40% 33% 31% 40% 0% 53% 42% 52% 0%
Compounded Sales Growth
10 Years: 8%
5 Years: 5%
3 Years: 19%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -317%
Stock Price CAGR
10 Years: 14%
5 Years: -1%
3 Years: -21%
1 Year: -31%
Return on Equity
10 Years: 12%
5 Years: 3%
3 Years: 7%
Last Year: -12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 28 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 259 277 311 380 461 553 582 489 531 613 650 588 435
16 31 14 0 0 86 269 353 298 352 871 751 779
146 163 231 201 284 404 364 223 371 421 517 489 480
Total Liabilities 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,856 1,722
85 71 67 61 77 117 371 288 265 309 532 507 510
CWIP 1 1 1 1 3 6 3 2 7 15 14 18 15
Investments 0 0 0 68 72 1 41 141 42 23 3 6 4
363 427 517 479 621 948 829 662 915 1,067 1,518 1,326 1,193
Total Assets 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,856 1,722

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
50 14 53 126 85 -56 292 85 -24 175 -132 292
-2 -3 -8 -73 -29 16 -85 -145 146 -84 -76 -47
-49 -14 -45 -51 -44 31 -211 74 -126 -75 218 -251
Net Cash Flow -1 -3 0 2 13 -9 -4 14 -3 16 10 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 37 40 46 35 46 61 57 88 62 45 53 62
Inventory Days 120 145 158 153 168 219 208 311 305 217 326 222
Days Payable 68 76 89 78 113 132 135 159 166 112 145 123
Cash Conversion Cycle 89 109 115 109 101 148 130 240 201 150 234 161
Working Capital Days 63 71 74 73 76 85 72 62 91 57 48 36
ROCE % 23% 20% 28% 34% 43% 38% 29% -12% 13% 28% 8% -2%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
51.32% 51.31% 51.30% 51.23% 51.77% 51.76% 51.75% 51.74% 51.74% 51.74% 51.74% 49.74%
9.33% 9.03% 8.95% 7.76% 7.49% 8.07% 7.32% 7.82% 7.43% 7.68% 7.27% 6.95%
19.88% 20.89% 20.82% 14.70% 12.84% 12.68% 13.76% 12.28% 13.31% 12.75% 13.78% 16.06%
19.47% 18.77% 18.94% 26.32% 27.91% 27.50% 27.18% 28.19% 27.54% 27.86% 27.22% 27.27%
No. of Shareholders 1,14,4181,10,8161,11,0201,15,2461,28,7291,40,8751,42,1461,39,1251,40,6891,41,2171,37,1621,29,330

* 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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Documents

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