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 74.0
  • Book Value ₹ 50.4
  • Dividend Yield 0.88 %
  • ROCE 27.8 %
  • ROE 29.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 31.6%
  • Debtor days have improved from 64.7 to 44.8 days.
  • Company's working capital requirements have reduced from 136 days to 96.3 days

Cons

  • Stock is trading at 10.2 times its book value
  • The company has delivered a poor sales growth of 8.12% over past five years.
  • Company has a low return on equity of 7.79% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
232.53 243.00 206.21 330.06 397.34 355.90 590.61 514.74 526.40 450.57 636.13 546.09 546.42
224.39 239.80 193.29 288.27 340.19 323.32 488.00 443.16 453.44 386.29 555.53 493.21 494.17
Operating Profit 8.14 3.20 12.92 41.79 57.15 32.58 102.61 71.58 72.96 64.28 80.60 52.88 52.25
OPM % 3.50% 1.32% 6.27% 12.66% 14.38% 9.15% 17.37% 13.91% 13.86% 14.27% 12.67% 9.68% 9.56%
10.21 16.30 14.34 6.75 9.40 5.83 22.05 5.28 2.58 -42.67 28.42 2.57 2.66
Interest 8.15 7.26 7.35 6.50 5.42 5.37 6.54 6.92 6.61 8.41 10.77 12.36 15.16
Depreciation 18.21 17.96 18.06 17.48 17.42 17.00 18.02 17.97 18.05 19.62 20.88 23.82 26.56
Profit before tax -8.01 -5.72 1.85 24.56 43.71 16.04 100.10 51.97 50.88 -6.42 77.37 19.27 13.19
Tax % 12.61% 33.92% -36.76% 24.51% 23.43% 22.76% 30.97% 16.49% 13.33% 33.64% 25.36% 31.08% 45.79%
-7.00 -3.78 2.53 18.54 33.47 12.39 69.10 43.40 44.10 -4.26 57.75 13.28 7.15
EPS in Rs -0.50 -0.27 0.18 1.31 2.37 0.88 4.88 3.07 3.11 -0.30 4.08 0.94 0.50
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,252 1,410 1,785 1,714 619 1,290 2,082 2,179
673 730 860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,765 1,929
Operating Profit 121 71 82 79 110 134 196 227 296 -64 147 317 250
OPM % 15% 9% 9% 8% 9% 11% 14% 13% 17% -10% 11% 15% 11%
1 1 18 7 3 7 9 8 -36 48 36 -16 -9
Interest 9 7 4 3 3 3 2 4 25 31 26 31 47
Depreciation 17 20 17 18 14 14 13 17 87 78 70 74 91
Profit before tax 96 45 80 65 95 126 190 215 148 -125 86 197 103
Tax % 29% 31% 28% 29% 30% 32% 33% 32% 25% 22% 22% 22%
68 32 58 47 66 85 127 145 112 -97 67 152 74
EPS in Rs 4.78 2.23 4.08 3.30 4.70 6.03 8.97 10.28 7.91 -6.90 4.73 10.75 5.22
Dividend Payout % 33% 45% 42% 45% 43% 40% 33% 31% 40% 0% 53% 42%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 7%
TTM: 10%
Compounded Profit Growth
10 Years: 19%
5 Years: 7%
3 Years: 6%
TTM: -38%
Stock Price CAGR
10 Years: 18%
5 Years: 2%
3 Years: 17%
1 Year: -14%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 8%
Last Year: 29%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 214 229 259 277 311 380 461 553 582 489 531 613 687
84 40 16 31 14 0 0 86 269 353 298 352 529
106 112 146 163 231 201 284 404 364 223 371 421 559
Total Liabilities 432 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 1,804
83 78 85 71 67 61 77 117 371 288 265 309 441
CWIP 1 4 1 1 1 1 3 6 3 2 7 15 12
Investments 0 0 0 0 0 68 72 1 41 141 42 23 3
348 328 363 427 517 479 621 948 829 662 915 1,067 1,347
Total Assets 432 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 1,804

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 50 14 53 126 85 -56 292 85 -24 175
-20 -15 -2 -3 -8 -73 -29 16 -85 -145 146 -84
-56 -63 -49 -14 -45 -51 -44 31 -211 74 -126 -75
Net Cash Flow 8 -4 -1 -3 0 2 13 -9 -4 14 -3 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 57 88 62 45
Inventory Days 127 119 120 145 158 153 168 219 208 311 305 217
Days Payable 58 59 68 76 89 78 113 132 135 159 166 114
Cash Conversion Cycle 126 108 89 109 115 109 101 148 130 240 201 148
Working Capital Days 92 81 70 82 79 73 76 103 91 176 137 96
ROCE % 33% 17% 23% 20% 28% 34% 43% 38% 29% -12% 13% 28%

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

Annual reports

Credit ratings

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