---
title: "Vippy Industries Ltd (VIPPYSOLVX) — Share Price, Financials & Analysis"
symbol: "VIPPYSOLVX"
company: "Vippy Industries Ltd"
canonical: "https://tapetide.com/stocks/VIPPYSOLVX"
generated_at: "2026-10-13T11:02:32.523Z"
---

# Vippy Industries Ltd (VIPPYSOLVX)

Canonical page: https://tapetide.com/stocks/VIPPYSOLVX

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** vippysoya.com

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.38 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 11.5% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.14.3 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -32% | -17% | 5% |
| revenue growth | 50% | 15% | 15% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- |
| Sales | 399.92 | 165.1 | 289.01 | 367.25 | 195.77 |
| Expenses | 395.05 | 163.19 | 284.61 | 362.17 | 187.13 |
| Operating Profit | 4.87 | 1.91 | 4.4 | 5.08 | 8.64 |
| OPM % | 1.22 | 1.16 | 1.52 | 1.38 | 4.41 |
| Other Income | 1.37 | 1.13 | 1.35 | -2.28 | -1.74 |
| Interest | 0.41 | 0.11 | 0.38 | 1.1 | 1.37 |
| Depreciation | 1.08 | 1.08 | 1.11 | 1.12 | 1.06 |
| Profit before tax | 4.75 | 1.85 | 4.26 | 0.58 | 4.47 |
| Tax % | 20 | 20 | 21.36 | 20.69 | 21.25 |
| Net Profit | 3.8 | 1.48 | 3.35 | 0.46 | 3.52 |
| EPS in Rs | 0.24 | 0.09 | 0.21 | 0.03 | 0.22 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 970 | 1225 | 1018 | 955 | 822 | 1093 | 1082 | 1397 | 1096 | 1639 |
| Expenses | 949 | 1204 | 997 | 935 | 794 | 1050 | 1019 | 1335 | 1059 | 1609 |
| Operating Profit | 22 | 22 | 21 | 20 | 28 | 43 | 63 | 62 | 37 | 30 |
| OPM % | 2.2 | 1.8 | 2 | 2.1 | 3.4 | 4 | 6 | 4.5 | 3.4 | 1.8 |
| Other Income | 3 | 4 | -2 | 6 | 5 | 9 | 8 | 8 | 13 | 14 |
| Interest | 1 | 2 | 3 | 4 | 1 | 3 | 5 | 3 | 5 | 7 |
| Depreciation | 4 | 4 | 4 | 2 | 7 | 8 | 8 | 4 | 4 | 5 |
| Profit before tax | 20 | 20 | 11 | 19 | 25 | 42 | 57 | 63 | 41 | 32 |
| Tax % | 20 | 20 | 21 | 21 | 36 | 41 | 38 | 37 | 27 | 23 |
| Net Profit | 16 | 16 | 9 | 15 | 16 | 25 | 36 | 40 | 30 | 24 |
| EPS in Rs | 0.98 | 1.01 | 0.55 | 0.94 | 1 | 1.53 | 2.23 | 2.48 | 1.87 | 1.52 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 84 | 96 | 101 | 114 | 130 | 154 | 190 | 230 | 259 | 286 |
| Borrowings | 35 | 12 | 76 | 23 | 29 | 61 | 161 | 30 | 157 | 256 |
| Other Liabilities | 35 | 38 | 40 | 41 | 36 | 57 | 77 | 70 | 42 | 56 |
| Total Liabilities | 170 | 162 | 234 | 194 | 211 | 288 | 445 | 346 | 473 | 615 |
| Fixed Assets | 57 | 52 | 46 | 43 | 46 | 47 | 47 | 48 | 69 | 67 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 7 |
| Other Assets | 112 | 109 | 188 | 150 | 165 | 240 | 397 | 296 | 403 | 541 |
| Total Assets | 170 | 162 | 234 | 194 | 211 | 288 | 445 | 346 | 473 | 615 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 20 | 1 | -9 | 2 | 29 | 39 | -128 | 127 | -47 | -171 |
| Cash from Investing Activity | -4 | -3 | -2 | -2 | -10 | -8 | -9 | -2 | -76 | 114 |
| Cash from Financing Activity | -2 | 0 | 65 | -54 | 6 | 31 | 100 | -134 | 122 | 92 |
| Net Cash Flow | 15 | -2 | 55 | -54 | 25 | 62 | -37 | -8 | 0 | 35 |
| Free Cash Flow | 16 | -3 | -11 | 0 | 19 | 30 | -136 | 122 | -67 | -174 |
| CFO/OP | 93 | 4 | -43 | 11 | 103 | 89 | -204 | 205 | -90 | -549 |

### Ratios

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 6 | 6 | 12 | 17 | 13 | 10 | 13 | 24 | 6 | 25 |
| Inventory Days | 21 | 13 | 20 | 25 | 32 | 28 | 90 | 25 | 71 | 70 |
| Days Payable | 5 | 4 | 7 | 6 | 3 | 6 | 12 | 5 | 5 | 7 |
| Cash Conversion Cycle | 21 | 15 | 25 | 36 | 43 | 32 | 91 | 44 | 73 | 88 |
| Working Capital Days | -1 | 6 | 17 | 16 | 14 | -2 | 23 | 29 | 27 | 41 |
| ROCE % | 17 | 17 | 14 | 14 | 16 | 22 | 21 | 20 | 13 | 7 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 81.38 | Buy |
| EMA (10) | 82.94 | Buy |
| SMA (20) | 83.05 | Buy |
| EMA (20) | 84.25 | Buy |
| SMA (50) | 92.81 | Sell |
| EMA (50) | 92.08 | Sell |
| SMA (100) | 107.68 | Sell |
| EMA (100) | 101.46 | Sell |
| SMA (200) | 113.28 | Sell |
| EMA (200) | 118.76 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.57 | Neutral |
| MACD (12,26,9) | -2.72 | Buy |
| Stochastic (14,3,3) | 72.08 | Neutral |
| ADX (14) | 31.84 | Buy |
| Williams %R (14) | -13.77 | Sell |
| ATR (14) | 3.69 | High Volatility |
| ROC (12) | 0.01 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 66.25 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| Mar 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport/519039/5190390313.pdf) |
| Mar 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport/519039/5190390312.pdf) |
| Mar 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport/519039/5190390311.pdf) |
| Mar 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport/519039/5190390310.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-07 | Credit rating update — CARE Ratings |
| 2024-12-03 | Credit rating update — CARE Ratings |
| 2023-12-06 | Credit rating update — CARE Ratings |
| 2023-11-07 | Credit rating update — CARE Ratings |
| 2023-03-15 | Credit rating update — CARE Ratings |
| 2023-03-06 | Credit rating update — CARE Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:02:32.523Z.