V.I.P. Industries Ltd.
₹249.20-₹5.65 (-2.2%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,324 Cr
- EV / EBITDA
- 34.2x
- Revenue
- ₹2,170 Cr
- Net margin
- 1.3%
- ROCE
- 9.4%
Price chart
Technical chartScreen technicals →-39.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -14.4%
- 3M
- -15.9%
- 6M
- -15.7%
- 1Y
- -39.2%
- 5Y
- -56.8%
52-week range
Day change -₹5.65 (-2.2%) from ₹255 to ₹249 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in VIPIND, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 101.0%
Concerns1
- Low return on equity of 4.5%
Rule-based from financial data. Not advice.
About the company
V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. The company offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. It sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. The company also exports its products. V.I.P. Industries Limited was incorporated in 1968 and is headquartered in Mumbai, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 14.2 Cr shares
- ISIN
- INE054A01027
- BSE code
- 507880
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,324 Cr
- P/B
- 13.7x
- EV / EBITDA
- 34.2x
- EV / Sales
- 2.6x
- P/S
- 2.4x
- 52-week high
- ₹439.00
- 52-week low
- ₹249.20
Profitability
- Operating margin
- 5.8%
- Net margin
- 1.3%
- EBITDA margin
- 7.7%
- ROE
- 4.5%
- ROCE
- 9.4%
- ROA
- 1.5%
- Dividend payout
- 101.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 113.9%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,170 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.3%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹170 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -38.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -389.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -20.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹116 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -284.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 49.0%
Solvency and efficiency
- Current ratio
- 2.87
- Debt / Equity
- 1.23
- Debt / Assets
- 0.41
- Debt / EBITDA
- 4.44
- Interest coverage
- 2.53
- Financial leverage
- 3.01
- CFO / Net profit
- -4.14
- Cash / Market cap
- 25.1%
- Cash per share
- ₹94.10
- Asset turnover
- 1.19
- Fixed asset turnover
- 4.80
- Capital intensity
- 0.21
- Debtor days
- 54 days
- Inventory turnover
- 1.58
- Cash conversion cycle
- 167 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹2,170 Cr |
| Expenses | ₹2,115 Cr |
| Operating profit | ₹54 Cr |
| Other income | ₹15 Cr |
| Interest | ₹70 Cr |
| Depreciation | ₹106 Cr |
| Profit before tax | -₹107 Cr |
| Tax and other | -₹26 Cr |
| Net profit | -₹81 Cr |
Revenue and net profit
Revenue fell 2.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹613 Cr | -₹85 Cr |
| FY2022 | ₹1,257 Cr | ₹64 Cr |
| FY2023 | ₹2,020 Cr | ₹161 Cr |
| FY2024 | ₹2,216 Cr | ₹28 Cr |
| FY2025 | ₹2,170 Cr | -₹81 Cr |
Cash flows
FY2025: ₹264 Cr from operations, ₹228 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹75 Cr | -₹64 Cr |
| FY2022 | -₹14 Cr | ₹159 Cr |
| FY2023 | ₹63 Cr | ₹78 Cr |
| FY2024 | -₹116 Cr | -₹165 Cr |
| FY2025 | ₹264 Cr | ₹228 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,170 Cr-2.1%1Y
- Net profit
- -₹81 Cr-389.3%1Y
- Cash from operations
- ₹264 Cr
- Free cash flow
- ₹228 Cr
- Revenue CAGR, 5Y
- 5.3%
- EBITDA CAGR, 5Y
- -5.3%
- Net profit CAGR, 5Y
- -20.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,170 Cr | ₹54 Cr | — | -₹81 Cr | ₹264 Cr | ₹228 Cr | -14.8% | -2.1% | -389.3% |
Monthly returns
Month-by-month returns of VIPIND across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,685 Cr |
| Equity capital | ₹28 Cr |
| Reserves | ₹521 Cr |
| Borrowings | ₹655 Cr |
| Other liabilities | ₹480 Cr |
| Assets | ₹1,685 Cr |
| Fixed assets | ₹453 Cr |
| Capital work in progress | ₹8 Cr |
| Investments | ₹56 Cr |
| Other assets | ₹1,169 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
VIPIND has no positive P/E; the peer median is 55.4x.
Not shown (no positive earnings and no EV / Sales): V.I.P. Industries Ltd., Wakefit Innovations Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| V.I.P. Industries Ltd.VIPINDthis company | ₹5,324 Cr | — | 13.7x | 4.5% | 34.2x |
| IFB Industries LimitedIFBIND | ₹5,771 Cr | 43.8x | 6.2x | 9.5% | 23.4x |
| Wakefit Innovations LimitedWAKEFIT | ₹5,759 Cr | — | — | -2.9% | 87.7x |
| Juniper Hotels LimitedJUNIPER | ₹5,567 Cr | 43.4x | 2.0x | 0.3% | 22.3x |
| Senco Gold LimitedSENCO | ₹5,508 Cr | 21.9x | 2.6x | 13.7% | 15.1x |
| Sky Gold And Diamonds LimitedSKYGOLD | ₹5,104 Cr | 36.1x | 5.1x | 16.4% | 65.1x |
| Bajaj Electricals Ltd.BAJAJELEC | ₹5,032 Cr | 51.4x | 3.3x | 9.2% | 13.7x |
| Responsive Industries LtdRESPONIND | ₹5,001 Cr | 200.0x | 5.2x | 3.5% | 47.2x |
| V-Mart Retail LimitedVMART | ₹4,912 Cr | 48.8x | 5.8x | -13.0% | 25.9x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
VIPIND since 1 January, against earlier years.
Historical volatility
VIPIND's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -12.0% |
| FY2022 | 9.0% |
| FY2023 | 9.0% |
| FY2024 | 6.0% |
| FY2025 | 3.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,170 Cr |
| Costs | |
| Interest | ₹70 Cr |
| Expenses | ₹2,115 Cr |
| Operating profitOperating Profit | ₹54 Cr |
| Other income and charges | |
| Profit before tax | -₹107 Cr |
| Tax | |
| Net profitNet Profit | -₹81 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,685 Cr |
| Equity capitalEquity Capital | ₹28 Cr |
| Reserves | ₹521 Cr |
| Borrowings | ₹655 Cr |
| Other liabilitiesOther Liabilities | ₹480 Cr |
| AssetsTotal Assets | ₹1,685 Cr |
| Fixed assetsFixed Assets | ₹453 Cr |
| Capital work in progressCWIP | ₹8 Cr |
| Investments | ₹56 Cr |
| Other assetsOther Assets | ₹1,169 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹264 Cr |
| Investing cash flowCash from Investing Activity | -₹36 Cr |
| Financing cash flowCash from Financing Activity | -₹227 Cr |
| Change in cashNet Cash Flow | ₹1 Cr |
Learn while you research
Academy chapters picked for V.I.P. Industries Ltd. and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read