Vipul Ltd

Vipul Ltd

₹ 26.8 2.29%
28 Mar - close price
About

Incorporated in 1991, Vipul Ltd is in the
business of Real Estate Development[1]

Key Points

Business Overview:[1]
Company is a part of the Vipul Group. Its projects include a range of residential, commercial, retail, integrated townships, and lifestyle gated communities, built in
partnership with contractors and consultants.
Company portfolio consists of over 10 million sq. ft. of delivered properties for over 7,000 customers in Gurugram and it has also undertaken projects in other key cities such as Bhubaneswar, Ludhiana, Dharuhera, Bawal, and Faridabad

  • Market Cap 321 Cr.
  • Current Price 26.8
  • High / Low 34.0 / 10.1
  • Stock P/E 13.3
  • Book Value 6.85
  • Dividend Yield 0.00 %
  • ROCE 3.82 %
  • ROE -17.1 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.90 times its book value
  • The company has delivered a poor sales growth of -23.4% over past five years.
  • Company has a low return on equity of -17.7% over last 3 years.
  • Contingent liabilities of Rs.505 Cr.
  • Promoters have pledged 68.6% of their holding.
  • Earnings include an other income of Rs.21.7 Cr.
  • Company has high debtors of 608 days.

* 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: Realty Industry: Construction

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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
2 17 18 17 77 27 14 47 6 8 6 7 157
24 30 17 38 72 38 19 10 11 13 12 11 78
Operating Profit -22 -14 1 -21 4 -11 -5 37 -5 -5 -6 -3 79
OPM % -1,077% -81% 6% -122% 6% -41% -40% 79% -79% -57% -103% -43% 50%
3 6 2 1 2 5 -92 2 2 4 2 2 14
Interest 8 5 7 7 8 7 11 11 11 6 11 7 10
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -28 -13 -5 -28 -2 -14 -109 28 -14 -8 -15 -8 81
Tax % 23% 32% 14% 21% 22% 0% -0% 32% 0% 12% 0% -109% 22%
-22 -9 -4 -22 -2 -14 -109 19 -14 -7 -15 -17 63
EPS in Rs -1.80 -0.74 -0.35 -1.80 -0.16 -1.17 -9.10 1.56 -1.16 -0.58 -1.28 -1.42 5.27
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
427 413 261 234 185 232 284 226 176 37 138 75 179
389 376 251 224 172 212 253 196 203 90 160 59 114
Operating Profit 37 38 10 10 13 20 31 30 -26 -53 -22 16 65
OPM % 9% 9% 4% 4% 7% 9% 11% 13% -15% -141% -16% 22% 36%
-1 2 5 3 11 4 8 7 25 13 5 -85 22
Interest 10 18 19 26 33 34 36 33 32 30 29 38 34
Depreciation 1 1 1 1 2 6 6 5 4 4 3 3 3
Profit before tax 25 21 -6 -13 -11 -15 -3 -2 -38 -73 -49 -109 50
Tax % 25% 37% -36% 16% 7% 22% -45% 170% 10% 24% 14% -7%
19 13 -8 -11 -10 -12 -5 1 -34 -56 -42 -117 24
EPS in Rs 1.58 1.08 -0.66 -0.94 -0.82 -0.99 -0.40 0.10 -2.86 -4.63 -3.49 -9.78 1.99
Dividend Payout % 9% 14% -8% 0% 0% -5% -13% 49% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -23%
3 Years: -25%
TTM: 91%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: 200%
Stock Price CAGR
10 Years: 18%
5 Years: -6%
3 Years: -4%
1 Year: 152%
Return on Equity
10 Years: -7%
5 Years: -13%
3 Years: -18%
Last Year: -17%

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 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 381 388 379 368 358 346 354 354 315 260 219 103 70
152 142 142 299 379 457 665 652 641 633 603 266 234
703 656 678 658 709 688 687 851 935 984 1,011 1,061 1,067
Total Liabilities 1,247 1,198 1,211 1,337 1,458 1,503 1,717 1,869 1,903 1,889 1,845 1,442 1,383
27 27 29 28 71 96 100 82 70 67 59 48 47
CWIP 11 18 23 44 28 10 11 11 12 12 12 12 12
Investments 6 10 12 13 13 3 7 7 7 7 6 6 6
1,202 1,144 1,147 1,252 1,345 1,394 1,599 1,770 1,814 1,804 1,768 1,375 1,318
Total Assets 1,247 1,198 1,211 1,337 1,458 1,503 1,717 1,869 1,903 1,889 1,845 1,442 1,383

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
102 32 30 -109 -46 -56 -166 -3 116 258 17 421
8 -10 -7 -20 -18 -2 4 21 7 16 16 9
-92 -30 -22 131 46 50 165 -26 -115 -265 -43 -357
Net Cash Flow 18 -8 1 1 -18 -8 4 -8 9 9 -10 73

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 86 91 160 212 391 290 280 532 792 3,254 855 608
Inventory Days 3,306 4,824
Days Payable 247 421
Cash Conversion Cycle 86 3,150 160 212 391 290 280 532 792 3,254 5,258 608
Working Capital Days 265 307 535 808 1,045 811 883 1,159 1,266 6,590 1,528 1,093
ROCE % 7% 7% 3% 2% 3% 2% 4% 3% -2% -5% -2% 4%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43% 63.43%
1.68% 1.09% 0.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.89% 35.48% 36.17% 36.57% 36.57% 36.57% 36.56% 36.57% 36.56% 36.57% 36.57% 36.58%
No. of Shareholders 4,2154,4574,7735,3776,6556,4637,3237,2036,9286,7927,2397,743

* 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.

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