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

₹ 361 -1.30%
23 May - 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 ₹ 5,127 Cr.
  • Current Price ₹ 361
  • High / Low ₹ 590 / 248
  • Stock P/E
  • Book Value ₹ 43.4
  • Dividend Yield 0.55 %
  • ROCE -1.77 %
  • ROE -11.8 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 8.32 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 6.95% 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

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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
356 591 515 526 451 636 546 546 516 639 544 501 494
323 488 443 453 386 556 493 494 508 590 546 472 488
Operating Profit 33 103 72 73 64 81 53 52 8 49 -2 29 6
OPM % 9% 17% 14% 14% 14% 13% 10% 10% 2% 8% -0% 6% 1%
6 22 5 3 -43 28 3 3 4 2 6 2 8
Interest 5 7 7 7 8 11 12 15 17 18 20 18 17
Depreciation 17 18 18 18 20 21 24 27 28 29 30 30 30
Profit before tax 16 100 52 51 -6 77 19 13 -33 4 -46 -17 -33
Tax % 23% 31% 16% 13% -34% 25% 31% 46% -28% -9% -28% -26% -16%
12 69 43 44 -4 58 13 7 -24 4 -33 -12 -27
EPS in Rs 0.88 4.88 3.07 3.11 -0.30 4.08 0.94 0.50 -1.68 0.28 -2.33 -0.87 -1.93
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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
942 1,017 1,192 1,252 1,410 1,785 1,714 619 1,290 2,082 2,245 2,178
860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,765 2,047 2,096
Operating Profit 82 79 110 134 196 227 296 -64 147 317 198 82
OPM % 9% 8% 9% 11% 14% 13% 17% -10% 11% 15% 9% 4%
18 7 3 7 9 8 -36 48 36 -16 37 19
Interest 4 3 3 3 2 4 25 31 26 31 59 73
Depreciation 17 18 14 14 13 17 87 78 70 74 99 119
Profit before tax 80 65 95 126 190 215 148 -125 86 197 77 -91
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
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
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: -3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -320%
Stock Price CAGR
10 Years: 14%
5 Years: 11%
3 Years: -13%
1 Year: -30%
Return on Equity
10 Years: 13%
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
Equity Capital 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
16 31 14 0 0 86 269 353 298 352 871 751
146 163 231 201 284 404 364 223 371 421 517 489
Total Liabilities 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,856
85 71 67 61 77 117 371 288 265 309 532 507
CWIP 1 1 1 1 3 6 3 2 7 15 14 18
Investments 0 0 0 68 72 1 41 141 42 23 3 6
363 427 517 479 621 948 829 662 915 1,067 1,518 1,326
Total Assets 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,856

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 120 145 158 153 168 219 208 311 305 217 325 215
Days Payable 68 76 89 78 113 132 135 159 166 112 145 119
Cash Conversion Cycle 89 109 115 109 101 148 130 240 201 150 234 158
Working Capital Days 70 82 79 73 76 103 91 176 137 96 144 116
ROCE % 23% 20% 28% 34% 43% 38% 29% -12% 13% 28% 8% -2%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.79% 51.33% 51.32% 51.31% 51.30% 51.23% 51.77% 51.76% 51.75% 51.74% 51.74% 51.74%
8.84% 8.95% 9.33% 9.03% 8.95% 7.76% 7.49% 8.07% 7.32% 7.82% 7.43% 7.68%
20.80% 20.59% 19.88% 20.89% 20.82% 14.70% 12.84% 12.68% 13.76% 12.28% 13.31% 12.75%
19.57% 19.14% 19.47% 18.77% 18.94% 26.32% 27.91% 27.50% 27.18% 28.19% 27.54% 27.86%
No. of Shareholders 1,10,9711,08,9851,14,4181,10,8161,11,0201,15,2461,28,7291,40,8751,42,1461,39,1251,40,6891,41,217

* 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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