VIP Industries
VIPIND NSE
VIP Industries
Consumer DiscretionaryNSE: VIPIND BSE: 507880 Consumer Durables
Key Fundamentals
MicrocapPlastic ProductsConsumer GoodsMarket Cap
₹4,230 Cr
Volatility
Moderate
P/E Ratio
-11.3
EBITDA
₹-219 Cr
Return on Equity
-116.76%
Debt to Equity
2.55
Book Value
₹20.38
EPS
₹0.04
52W High
₹454.3
52W Low
₹278.25
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
4- Stock is trading at 14.7 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -26.3% over last 3 years.
- Promoter holding has decreased over last 3 years: -8.95%
Growth Rate
Revenue Growth
-14.1% lower than
3Y
Net Income Growth
391% higher than
3Y
Cash Flow Change
-38.01% lower than
3Y
ROE
946% higher than
3Y
ROCE
—
EBITDA Margin (Avg.)
-373% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 636 | 546 | 546 | 516 | 639 | 544 | 501 | 494 | 561 | 406 | 454 | 436 | 578 |
| Expenses | 556 | 493 | 494 | 508 | 590 | 546 | 472 | 488 | 537 | 513 | 531 | 518 | 589 |
| Operating Profit | 81 | 53 | 52 | 8 | 49 | -2 | 29 | 6 | 25 | -106 | -77 | -82 | -11 |
| OPM % | 13% | 10% | 10% | 1.5% | 8% | -0.4% | 6% | 1.3% | 4.4% | -26% | -17% | -19% | -1.9% |
| Other Income | 28 | 3 | 3 | 4 | 2 | 6 | 2 | 8 | 7 | 15 | 75 | 4 | 4 |
| Interest | 11 | 12 | 15 | 17 | 18 | 20 | 18 | 17 | 17 | 18 | 16 | 20 | 16 |
| Depreciation | 21 | 24 | 27 | 28 | 29 | 30 | 30 | 30 | 32 | 33 | 32 | 31 | 31 |
| PBT | 77 | 19 | 13 | -33 | 4 | -46 | -17 | -33 | -17 | -142 | -50 | -129 | -55 |
| Tax % | 25% | 31% | 46% | -28% | -9% | -28% | -26% | -16% | -23% | 1% | 5% | 0% | -2% |
| Net Profit | 58 | 13 | 7 | -24 | 4 | -33 | -12 | -27 | -13 | -143 | -53 | -129 | -54 |
| EPS in Rs | 4.08 | 0.94 | 0.5 | -1.68 | 0.28 | -2.33 | -0.87 | -1.93 | -0.92 | -10.08 | -3.72 | -9.07 | -3.77 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,017 | 1,192 | 1,252 | 1,410 | 1,785 | 1,714 | 619 | 1,290 | 2,082 | 2,245 | 2,178 | 1,858 | 1,875 |
| Expenses | 938 | 1,082 | 1,117 | 1,214 | 1,558 | 1,418 | 683 | 1,143 | 1,765 | 2,047 | 2,090 | 2,099 | 2,152 |
| Operating Profit | 79 | 110 | 134 | 196 | 227 | 296 | -64 | 147 | 317 | 198 | 88 | -241 | -277 |
| OPM % | 8% | 9% | 11% | 14% | 13% | 17% | -10% | 11% | 15% | 9% | 4% | -13% | -15% |
| Other Income | 7 | 3 | 7 | 9 | 8 | -36 | 48 | 36 | -16 | 37 | 19 | 101 | 98 |
| Interest | 3 | 3 | 3 | 2 | 4 | 25 | 31 | 26 | 31 | 59 | 79 | 74 | 70 |
| Depreciation | 18 | 14 | 14 | 13 | 17 | 87 | 78 | 70 | 74 | 99 | 119 | 127 | 127 |
| PBT | 65 | 95 | 126 | 190 | 215 | 148 | -125 | 86 | 197 | 77 | -91 | -338 | -376 |
| Tax % | 29% | 30% | 32% | 33% | 32% | 25% | -22% | 22% | 22% | 29% | -25% | 0% | — |
| Net Profit | 47 | 66 | 85 | 127 | 145 | 112 | -97 | 67 | 152 | 54 | -69 | -338 | -378 |
| EPS in Rs | 3.3 | 4.7 | 6.03 | 8.97 | 10.28 | 7.91 | -6.9 | 4.73 | 10.75 | 3.83 | -4.84 | -23.79 | -26.64 |
| Div. Payout % | 45% | 43% | 40% | 33% | 31% | 40% | 0% | 53% | 42% | 52% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 28 |
| Reserves | 277 | 311 | 380 | 461 | 553 | 582 | 489 | 531 | 613 | 650 | 588 | 261 |
| Borrowings | 31 | 14 | 0 | 0 | 86 | 269 | 353 | 298 | 352 | 871 | 751 | 738 |
| Other Liabilities | 163 | 231 | 201 | 284 | 404 | 364 | 223 | 371 | 421 | 517 | 489 | 577 |
| Total Liabilities | 499 | 585 | 609 | 773 | 1,071 | 1,243 | 1,094 | 1,229 | 1,415 | 2,067 | 1,856 | 1,604 |
| Fixed Assets | 71 | 67 | 61 | 77 | 117 | 371 | 288 | 265 | 309 | 532 | 507 | 507 |
| CWIP | 1 | 1 | 1 | 3 | 6 | 3 | 2 | 7 | 15 | 14 | 18 | 15 |
| Investments | 0 | 0 | 68 | 72 | 1 | 41 | 141 | 42 | 23 | 3 | 6 | 73 |
| Other Assets | 427 | 517 | 479 | 621 | 948 | 829 | 662 | 915 | 1,067 | 1,518 | 1,326 | 1,009 |
| Total Assets | 499 | 585 | 609 | 773 | 1,071 | 1,243 | 1,094 | 1,229 | 1,415 | 2,067 | 1,856 | 1,604 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 14 | 53 | 126 | 85 | -56 | 292 | 85 | -24 | 175 | -132 | 292 | 181 |
| Investing | -3 | -8 | -73 | -29 | 16 | -85 | -145 | 146 | -84 | -76 | -46 | -48 |
| Financing | -14 | -45 | -51 | -44 | 31 | -211 | 74 | -126 | -75 | 218 | -251 | -139 |
| Net Cash Flow | -3 | 0 | 2 | 13 | -9 | -4 | 14 | -3 | 16 | 10 | -5 | -6 |
| Free Cash Flow | 9 | 45 | 118 | 55 | -115 | 248 | 102 | -58 | 69 | -231 | 251 | 205 |
| CFO/OP | 44 | 73 | 123 | 76 | 7 | 112 | -137 | -10 | 72 | -53 | 336 | -76 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 46 | 35 | 46 | 61 | 57 | 88 | 62 | 45 | 53 | 62 | 53 |
| Inventory Days | 145 | 158 | 153 | 168 | 219 | 208 | 311 | 305 | 217 | 325 | 222 | 150 |
| Days Payable | 76 | 89 | 78 | 113 | 132 | 135 | 159 | 166 | 112 | 145 | 123 | 143 |
| Cash Conversion Cycle | 109 | 115 | 109 | 101 | 148 | 130 | 240 | 201 | 150 | 234 | 161 | 61 |
| Working Capital Days | 71 | 74 | 73 | 76 | 85 | 72 | 62 | 91 | 57 | 48 | 36 | -35 |
| ROCE % | 20% | 28% | 34% | 43% | 38% | 29% | -12% | 13% | 28% | 8% | -2% | -29% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view VIP Industries insights
44 extracted metrics + investor summaries across FY00–FY26.
Documents
1
Board Meeting Intimation for Approval Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2026
7h - Board meeting on May 15, 2026 to approve audited Q4 and FY2026 standalone and consolidated results. 7h - Board meeting on May 15, 2026 to approve audited Q4 and FY2026 standalone and consolidated results.
2
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
4 May - Company Secretary, Compliance Officer and Nodal Officer Ashitosh Sheth resigns effective May 4, 2026. 4 May - Company Secretary, Compliance Officer and Nodal Officer Ashitosh Sheth resigns effective May 4, 2026.
3
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
4 May - Company Secretary, Compliance Officer and Nodal Officer Ashitosh Sheth resigns effective May 4, 2026. 4 May - Company Secretary, Compliance Officer and Nodal Officer Ashitosh Sheth resigns effective May 4, 2026.
4
Announcement under Regulation 30 (LODR)-Change in Management
28 Apr - Alok Pathak appointed Chief Sales Officer and senior management, effective April 28, 2026. 28 Apr - Alok Pathak appointed Chief Sales Officer and senior management, effective April 28, 2026.
5
Confirmation By The Company On Non-Applicability Of Large Corporate Disclosure Requirements
28 Apr - VIP Industries confirms it is not a Large Corporate as of March 31, 2026. 28 Apr - VIP Industries confirms it is not a Large Corporate as of March 31, 2026.
Frequently Asked Questions about VIP Industries
What does V I P Industries Ltd do?
VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.
Where is V I P Industries Ltd (VIPIND) listed?
V I P Industries Ltd trades as VIPIND on the NSE and under code 507880 on the BSE.
Which sector does V I P Industries Ltd belong to?
V I P Industries Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the market capitalisation of V I P Industries Ltd?
V I P Industries Ltd has a market capitalisation of ₹4,230 Cr, which places it in the Small Cap band.
What is the PE ratio of V I P Industries Ltd?
V I P Industries Ltd trades at a PE ratio of -11.30, on earnings per share of ₹0.04, against a book value of ₹20.38 per share.
What is the 52-week high and low of V I P Industries Ltd?
Over the last 52 weeks V I P Industries Ltd has traded between ₹278.25 and ₹454.3.
Does V I P Industries Ltd pay dividends?
V I P Industries Ltd has a dividend yield of 0.66%.
What is the Return on Equity (ROE) of V I P Industries Ltd?
V I P Industries Ltd reported a return on equity of -116.76%. Its debt-to-equity ratio is 2.55.
Company Information
VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.
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