MarketFriction

VIP Clothing Ltd

NSE VIPCLOTHNG · BSE 532613 · Garments & Apparels
₹20.11 -1.95%
NSE close2026-10-01
52 week range14.05 - 37.55
Market cap₹184 Cr.
P/E19.4
Price band 10% Delivery 81.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales52.3544.8932.3850.1259.2362.6364.9165.4566.0750.7871.5464.69
Expenses51.6746.0240.2147.3155.8257.9459.1659.2159.9347.1164.7259.62
Operating Profit0.68-1.13-7.832.813.414.695.756.246.143.676.825.07
OPM %1.30%-2.52%-24.18%5.61%5.76%7.49%8.86%9.53%9.29%7.23%9.53%7.84%
Other Income0.130.100.100.140.320.240.660.150.180.520.190.16
Interest2.302.202.511.931.981.792.362.452.232.191.911.87
Depreciation0.680.660.700.700.690.700.850.680.680.630.640.73
Profit before tax-2.17-3.89-10.940.321.062.443.203.263.411.374.462.63
Tax %14.29%-13.11%-32.36%25.00%24.53%18.44%24.38%31.90%34.60%32.12%0.90%27.38%
Net Profit-2.48-3.38-7.400.230.812.002.422.222.240.934.421.91
EPS in Rs-0.30-0.41-0.900.030.090.220.270.250.250.100.490.21
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales194231222207172143183201183237254253
Expenses194217212203188140176188188220230231
Operating Profit-014104-163713-5172422
OPM %-0.0%6%4.7%1.8%-9%2.1%3.7%6%-2.6%7%9%9%
Other Income7-61232280111
Interest1312119101110998108
Depreciation433344433333
Profit before tax-9-8-3-7-28-10-48-1671312
Tax %5%-5%18%-5%-46%-89%-46%20%-22%22%22%
Net Profit-10-7-3-6-15-1-27-1351010
EPS in Rs-1.20-0.89-0.37-0.75-1.81-0.13-0.270.80-1.530.611.091.05
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%12%8%0%
Compounded Profit Growth10%62%74%28%
Stock Price CAGR-9%4%-27%-40%
Return on Equity-2%0%1%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital131313171717171717171818
Reserves8380143178135120119117135122167176
Borrowings9894968083799310389818270
Other Liabilities615688896857424846526364
Total Liabilities255243341364302272270285286271329328
Fixed Assets676217116610910910710497999795
CWIP20-0-0-0-0-0-0-0-0-0-0
Investments00000-0-0-0-0-0-0-0
Other Assets186182170198194163163181188171232233
Total Assets255243341364302272270285286271329328
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity121010-177146-41310-3720
Cash from Investing Activity-42123-13-1-011-042
Cash from Financing Activity-8-11-2115-6-16-21-14-2134-22
Net Cash Flow-0011022-310-1100
Free Cash Flow81121-156145-42410-3820
CFO/OP54%-15,988%75%-163%189%-92%198%-51%111%-224%-223%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days10610384107106103154120122116152138
Inventory Days216367268323336302330311240281233195
Days Payable7410859696368961068412511988
Cash Conversion Cycle248362292361380338387326279272267245
Working Capital Days427263135138105102818373131141
ROCE %12%-2%5%3%1%-8%0%2%5%-3%6%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.58%49.58%49.58%49.58%49.58%46.55%46.55%46.55%46.55%46.55%46.55%46.55%
FIIs0.27%0.03%0.12%0.03%0.00%0.45%0.48%0.48%0.50%0.46%0.15%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%
Public50.15%50.38%50.29%50.38%50.42%53.00%52.98%52.96%52.94%52.99%53.28%53.42%
No. of Shareholders32,05432,07633,18934,33632,53232,09131,90632,56432,81532,32732,06231,542

Fundamentals

Market Cap₹ 184 Cr.
Current Price₹ 20.4
Stock P/E19.4
Book Value₹ 21.6
ROCE8.31 %
ROE5.18 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)0%
Compounded Profit Growth (TTM)28%
Standalone figures.
Valuation
Market capRs 181 Cr
Enterprise valueRs 250 Cr
P/E (TTM)19.08x
Price to book0.93x
Price to sales0.72x
EV / EBITDA11.00x
EV / EBIT12.47x
EV / sales0.99x
Price to cash flow8.96x
Earnings yield5.24%
P/E, 3-year average30.06x
P/B, 3-year average1.39x
P/E, 5-year average36.67x
P/B, 5-year average1.56x
Profitability
Operating margin (excl. other income)9.31%
Operating margin (incl. other income)9.72%
EBITDA margin8.99%
Pre-tax margin4.69%
Net profit margin3.75%
Net margin, latest quarter2.95%
ROE5.18%
ROCE8.30%
ROA2.98%
ROE, 3-year average-0.06%
ROCE, 3-year average3.81%
ROA, 3-year average0.09%
ROE, 5-year average0.57%
ROCE, 5-year average4.21%
ROA, 5-year average0.36%
ROIC (approx.)5.98%
Tax rate21.58%
Other income / net worth0.52%
Growth
Sales growth (latest year)7.15%
Profit growth (latest year)79.67%
Sales CAGR, 3 years8.15%
Sales CAGR, 5 years12.15%
Profit CAGR, 3 years13.89%
Sales growth QoQ-9.58%
Profit growth QoQ-56.79%
Sales growth YoY (latest quarter)-1.16%
Profit growth YoY (latest quarter)-13.96%
Per share
EPS (TTM)Rs 1.05
EPS (latest year)Rs 1.09
EPS (latest quarter)Rs 0.21
EPS, 3-year averageRs 0.05
EPS, 5-year averageRs 0.14
Book value per shareRs 21.57
Sales per shareRs 28.08
Cash flow per shareRs 2.24
Free cash flow per shareRs 2.22
Efficiency
Asset turnover0.77x
Fixed asset turnover2.67x
Inventory turnover2.03x
Inventory days180 days
Debtor days138 days
Debtors turnover2.65x
Creditor days88 days
Cash conversion cycle245 days
Working capital days141 days
Leverage
Total debtRs 70 Cr
Cash and bankRs 1 Cr
Net debtRs 69 Cr
Debt to equity0.36x
Net debt / EBITDA3.03x
Interest coverage2.45x
Owners' fund to total sources59.21%
Debt to assets21.23%
Cash flow
Cash from Operating Activity (latest year)Rs 20 Cr
Cash from Investing Activity (latest year)Rs 2 Cr
Cash from Financing Activity (latest year)Rs -22 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 20 Cr
FCFE (approx.: FCF + change in debt)Rs 7 Cr
Cash from ops / profit, 5 years0.29x
Sales to cash flow12.55x
Statement figures
Net sales (TTM)Rs 253 Cr
Net sales (latest year)Rs 254 Cr
Sales (latest quarter)Rs 65 Cr
Operating profit excl. other income (latest year)Rs 24 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 15 Cr
Profit before tax (TTM)Rs 12 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 10 Cr
Net profit (latest year)Rs 10 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 8 Cr
Cost of goods sold (latest year)Rs 194 Cr
Total expenditure (latest year)Rs 230 Cr
Total income (latest year)Rs 255 Cr
Share capitalRs 18 Cr
ReservesRs 176 Cr
Shareholders' fundsRs 194 Cr
Total assetsRs 328 Cr
Net blockRs 95 Cr
ReceivablesRs 96 Cr
InventoryRs 95 Cr
Other liabilitiesRs 64 Cr
Shares outstanding (crore)9.01
Ownership
Promoter holding46.55% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 19.1 is at the 7th percentile of its own 2.5-year range (median 42.8, low 17.1, high 72.3).
P/B 0.93 is at the 19th percentile (median 1.65).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVIPCLOTHNGNifty 50Difference
1 week-7.3%-2.8% -4.5 pts
1 month+0.7%-6.8% +7.5 pts
3 months-18.5%-7.6% -10.8 pts
6 months+36.0%+0.4% +35.6 pts
1 year-47.4%-9.9% -37.4 pts
2 years-55.9%-13.6% -42.3 pts
3 years-62.3%+14.2% -76.4 pts
5 years+14.9%+27.9% -13.0 pts

Red flags

F-score 8 of 8
explainWeak cash conversion Cash from operations was -256% of net profit over the last 3 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹65 Cr -1.2% vs Jun 2025. Net profit ₹2 Cr -14.0%.
Against our estimate for Jun 2026: sales +3.3%, profit -10.0% in line. Our estimate for Sep 2026: sales Rs 69 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-06Annual General Meeting
2022-09-14Annual General Meeting
2021-09-15 Annual General Meeting
2020-09-15 Annual General Meeting
2019-09-17 Annual General Meeting
2018-09-17 Annual General Meeting
2017-11-17 Rights 1:4 @ Premium Rs 24/-
2017-09-04 Annual General Meeting
2016-09-16 Annual General Meeting
2015-09-16 Annual General Meeting/ Dividend - Re 0.30/- Per Share
2014-09-16Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-08-06Annual General Meeting/Dividend Re 0.25/- Per Share
2012-08-14Annual General Meeting /Dividend Re 0.30 Per Share
2011-08-03Annual General Meeting And Dividend Re.0.10 Per Share
2010-08-04Annual General Meeting And Dividend Re.0.40 Per Share
2009-08-11Agm/Div-Re.0.40 Per Share
2008-08-18Agm/Dividend - 22.5%
2007-12-19Agm/Dividend - 10%
DateTypeWhat it says
2026-09-29Shareholder meetingVoting results.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-12AllotmentAllotment of 84,75,000 securities pursuant to Preferential Issue at its Preferential Issue Committee meeting held on September 12, 2026
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 28, 2026
2026-08-14Investor PresentationInvestor Presentation
2026-08-13Board meeting outcomeVIP Clothing Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-12Shareholder meetingVoting results.
2026-06-11Shareholder meetingProceedings of Extraordinary General Meeting held on Jun 11, 2026
2026-06-04CorrigendumCorrigendum to Notice of Extra Ordinary General Meeting to be held on Jun 11, 2026
2026-06-03Disclosure under SEBI TakeovMr. Sunil Pathare has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-05-28General UpdatesGeneral Updates
2026-05-28General UpdatesGeneral Updates
2026-05-27Board meeting outcomeVIP Clothing Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-20Shareholder meetingNotice of Extraordinary General Meeting to be held on Jun 11, 2026
2026-05-19Preferential issuePreferential issue by way of warrants convertible into equity.
2026-05-19Board meeting outcomeOutcome of Board Meeting held on May 18, 2026 for Fund Raising.
2026-05-18Preferential issuePreferential issue
2026-05-18Board meeting outcomeOutcome of Board Meeting held on May 18, 2026 for Fund Raising through Preferential Issue of Warrants.
2026-05-04Disclosure under SEBI TakeovSunil Pathare has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acq...
2026-04-08UpdatesPublication of Notice With Respect To Special Window For Re-Lodgement Of Transfer Request Of Physical Shares.
2026-04-07Price movementSignificant movement in price has been observed in VIP Clothing Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-04-07Price movementSignificant movement in price has been observed in VIP Clothing Limited. The Exchange, in order to ensure that investors have latest relevant informat...
2026-04-03ForfeitureLapse of 1,14,05,000 Fully Convertible Warrants and Forfeiture of Upfront Amount
2026-02-12Investor PresentationInvestor Presentation
2026-02-12Board meeting outcomeVIP Clothing Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of VIP Clothing Ltd?

VIP Clothing Ltd (VIPCLOTHNG) has a market capitalisation of Rs 184 Cr. at the 2026-10-01 close.

What is the P/E ratio of VIP Clothing Ltd?

VIP Clothing Ltd trades at a P/E of 19.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were VIP Clothing Ltd's latest quarterly results?

In the Jun 2026 quarter, VIP Clothing Ltd sales was Rs 65 Cr (-1.2% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of VIP Clothing Ltd?

The 52-week high is Rs 37.55 and the 52-week low is Rs 14.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03