V I P Industries Ltd

₹ 666 2.49%
30 Sep - close price
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 amongst Asia’s leading manufacturers and suppliers of luggage, backpacks, and handbags and the market leader in the organized luggage segment. [1]

  • Market Cap 9,423 Cr.
  • Current Price 666
  • High / Low 775 / 492
  • Stock P/E 76.5
  • Book Value 39.6
  • Dividend Yield 0.38 %
  • ROCE 12.9 %
  • ROE 12.3 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 16.8 times its book value
  • The company has delivered a poor sales growth of 0.60% over past five years.
  • Company has a low return on equity of 6.21% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
564 412 431 311 40 103 233 243 206 330 397 356 591
439 345 362 278 96 125 224 240 193 288 340 323 488
Operating Profit 125 67 69 33 -56 -22 8 3 13 42 57 33 103
OPM % 22% 16% 16% 11% -138% -22% 4% 1% 6% 13% 14% 9% 17%
-46 3 2 6 18 5 10 16 14 7 9 6 22
Interest 5 7 6 5 7 8 8 7 7 6 5 5 7
Depreciation 19 22 22 23 23 19 18 18 18 17 17 17 18
Profit before tax 55 41 42 10 -67 -44 -8 -6 2 25 44 16 100
Tax % 36% 19% 20% 9% 24% 19% 13% 34% -37% 25% 23% 23% 31%
Net Profit 35 33 34 10 -51 -35 -7 -4 3 19 33 12 69
EPS in Rs 2.48 2.33 2.42 0.67 -3.63 -2.50 -0.50 -0.27 0.18 1.31 2.37 0.88 4.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
704 794 801 942 1,017 1,192 1,252 1,410 1,785 1,714 619 1,290 1,674
582 673 730 860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,440
Operating Profit 122 121 71 82 79 110 134 196 227 296 -64 147 234
OPM % 17% 15% 9% 9% 8% 9% 11% 14% 13% 17% -10% 11% 14%
2 1 1 18 7 3 7 9 8 -36 48 36 44
Interest 6 9 7 4 3 3 3 2 4 25 31 26 24
Depreciation 15 17 20 17 18 14 14 13 17 87 78 70 70
Profit before tax 103 96 45 80 65 95 126 190 215 148 -125 86 184
Tax % 14% 29% 31% 28% 29% 30% 32% 33% 32% 25% 22% 22%
Net Profit 89 68 32 58 47 66 85 127 145 112 -97 67 134
EPS in Rs 6.28 4.78 2.23 4.08 3.30 4.70 6.03 8.97 10.28 7.91 -6.90 4.73 9.44
Dividend Payout % 32% 33% 45% 42% 45% 43% 40% 33% 31% 40% 0% 53%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: -10%
TTM: 113%
Compounded Profit Growth
10 Years: 0%
5 Years: -5%
3 Years: -23%
TTM: 382%
Stock Price CAGR
10 Years: 22%
5 Years: 22%
3 Years: 14%
1 Year: 32%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 6%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
28 28 28 28 28 28 28 28 28 28 28 28
Reserves 173 214 229 259 277 311 380 461 553 582 489 531
107 84 40 16 31 14 0 0 86 269 353 298
112 106 112 146 163 231 201 284 404 364 223 371
Total Liabilities 420 432 409 449 499 585 609 773 1,071 1,243 1,094 1,229
80 83 78 85 71 67 61 77 117 371 288 265
CWIP 5 1 4 1 1 1 1 3 6 3 2 7
Investments 0 0 0 0 0 0 68 72 1 41 141 42
334 348 328 363 427 517 479 621 948 829 662 915
Total Assets 420 432 409 449 499 585 609 773 1,071 1,243 1,094 1,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
13 84 74 50 14 53 126 85 -56 292 85 -24
-18 -20 -15 -2 -3 -8 -73 -29 16 -85 -145 146
-4 -56 -63 -49 -14 -45 -51 -44 31 -211 74 -126
Net Cash Flow -10 8 -4 -1 -3 0 2 13 -9 -4 14 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 72 57 47 37 40 46 35 46 61 57 88 62
Inventory Days 123 127 119 120 145 158 153 168 219 208 311 305
Days Payable 55 58 59 68 76 89 78 113 132 135 159 166
Cash Conversion Cycle 141 126 108 89 109 115 109 101 148 130 240 201
Working Capital Days 97 92 81 70 82 79 73 76 103 91 176 137
ROCE % 40% 33% 17% 23% 20% 28% 34% 43% 38% 29% -12% 13%

Shareholding Pattern

Numbers in percentages

4 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
53.46 53.46 53.46 53.46 53.46 53.46 53.46 53.46 50.28 50.27 50.39 50.79
7.28 6.68 4.76 4.14 2.48 3.04 2.97 2.98 4.39 5.84 8.63 8.84
10.26 11.51 13.61 13.37 15.64 14.72 16.74 20.47 23.16 23.60 21.36 20.80
29.00 28.35 28.17 29.04 28.42 28.78 26.84 23.09 22.17 20.29 19.62 19.57

Documents

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