Price
Financials
Consolidated, Rs crore| 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 | 546 | 546 | 516 | 639 | 544 | 501 | 494 | 561 | 406 | 454 | 436 | 578 |
| Expenses | 493 | 494 | 508 | 590 | 546 | 472 | 488 | 537 | 513 | 531 | 518 | 589 |
| Operating Profit | 53 | 52 | 8 | 49 | -2 | 29 | 6 | 25 | -106 | -77 | -82 | -11 |
| OPM % | 10% | 10% | 1.5% | 8% | -0.4% | 6% | 1.3% | 4.4% | -26% | -17% | -19% | -1.9% |
| Other Income | 3 | 3 | 4 | 2 | 6 | 2 | 8 | 7 | 15 | 75 | 4 | 4 |
| Interest | 12 | 15 | 17 | 18 | 20 | 18 | 17 | 17 | 18 | 16 | 20 | 16 |
| Depreciation | 24 | 27 | 28 | 29 | 30 | 30 | 30 | 32 | 33 | 32 | 31 | 31 |
| Profit before tax | 19 | 13 | -33 | 4 | -46 | -17 | -33 | -17 | -142 | -50 | -129 | -55 |
| Tax % | 31% | 46% | -28% | -9% | -28% | -26% | -16% | -23% | 1% | 5% | 0% | -2% |
| Net Profit | 13 | 7 | -24 | 4 | -33 | -12 | -27 | -13 | -143 | -53 | -129 | -54 |
| EPS in Rs | 0.94 | 0.50 | -1.68 | 0.28 | -2.33 | -0.87 | -1.93 | -0.92 | -10.08 | -3.72 | -9.07 | -3.77 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,192 | 1,252 | 1,410 | 1,785 | 1,714 | 619 | 1,290 | 2,082 | 2,245 | 2,178 | 1,858 | 1,875 |
| Expenses | 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 | 110 | 134 | 196 | 227 | 296 | -64 | 147 | 317 | 198 | 88 | -241 | -277 |
| OPM % | 9% | 11% | 14% | 13% | 17% | -10% | 11% | 15% | 9% | 4.0% | -13% | -15% |
| Other Income | 3 | 7 | 9 | 8 | -36 | 48 | 36 | -16 | 37 | 19 | 101 | 98 |
| Interest | 3 | 3 | 2 | 4 | 25 | 31 | 26 | 31 | 59 | 79 | 74 | 70 |
| Depreciation | 14 | 14 | 13 | 17 | 87 | 78 | 70 | 74 | 99 | 119 | 127 | 127 |
| Profit before tax | 95 | 126 | 190 | 215 | 148 | -125 | 86 | 197 | 77 | -91 | -338 | -376 |
| Tax % | 30% | 32% | 33% | 32% | 25% | -22% | 22% | 22% | 29% | -25% | -0% | |
| Net Profit | 66 | 85 | 127 | 145 | 112 | -97 | 67 | 152 | 54 | -69 | -338 | -378 |
| EPS in Rs | 4.70 | 6.03 | 8.97 | 10.28 | 7.91 | -6.90 | 4.73 | 10.75 | 3.83 | -4.84 | -23.79 | -26.64 |
| Dividend Payout % | 43% | 40% | 33% | 31% | 40% | -0% | 53% | 42% | 52% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 5% | 25% | -4% | -11% | ||
| Compounded Profit Growth | % | % | % | -375% | ||
| Stock Price CAGR | 8% | -10% | -24% | -30% | ||
| Return on Equity | 3% | -8% | -26% | -92% |
| 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 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14 | 53 | 126 | 85 | -56 | 292 | 85 | -24 | 175 | -132 | 292 | 181 |
| Cash from Investing Activity | -3 | -8 | -73 | -29 | 16 | -85 | -145 | 146 | -84 | -76 | -46 | -48 |
| Cash from Financing Activity | -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% |
| 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% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.23% | 51.77% | 51.76% | 51.75% | 51.74% | 51.74% | 51.74% | 51.74% | 49.74% | 42.35% | 42.35% | 42.35% |
| FIIs | 7.76% | 7.49% | 8.07% | 7.32% | 7.82% | 7.43% | 7.68% | 7.27% | 6.95% | 6.73% | 7.06% | 5.17% |
| DIIs | 14.70% | 12.84% | 12.68% | 13.76% | 12.28% | 13.31% | 12.75% | 13.78% | 16.06% | 17.42% | 16.87% | 16.63% |
| Public | 26.32% | 27.91% | 27.50% | 27.18% | 28.19% | 27.54% | 27.86% | 27.22% | 27.27% | 33.51% | 33.74% | 35.85% |
| No. of Shareholders | 1,15,246 | 1,28,729 | 1,40,875 | 1,42,146 | 1,39,125 | 1,40,689 | 1,41,217 | 1,37,162 | 1,29,330 | 1,27,663 | 1,22,978 | 1,21,764 |
Fundamentals
Market Cap₹ 4,167 Cr.
Current Price₹ 293
Book Value₹ 20.4
ROCE-28.9 %
ROE-92.4 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-11%
Compounded Profit Growth (TTM)-375%
Consolidated figures.
Valuation
Market capRs 3,988 Cr
Enterprise valueRs 4,680 Cr
Price to book13.78x
Price to sales2.13x
EV / sales2.50x
Price to cash flow22.04x
Earnings yield-9.49%
P/E, 3-year average137.38x
P/B, 3-year average10.76x
P/E, 5-year average116.08x
P/B, 5-year average12.75x
Profitability
Operating margin (excl. other income)-10.98%
Operating margin (incl. other income)-5.57%
EBITDA margin-9.53%
Pre-tax margin-20.03%
Net profit margin-20.18%
Net margin, latest quarter-9.26%
ROE-74.64%
ROCE-22.05%
ROA-19.53%
ROE, 3-year average-25.68%
ROCE, 3-year average-4.08%
ROA, 3-year average-6.64%
ROE, 5-year average-7.85%
ROCE, 5-year average5.08%
ROA, 5-year average-0.53%
ROIC (approx.)-31.15%
Tax rate0.00%
Other income / net worth34.73%
Growth
Sales growth (latest year)-14.70%
Sales CAGR, 3 years-3.73%
Sales CAGR, 5 years24.61%
Sales growth QoQ32.58%
Sales growth YoY (latest quarter)3.02%
Per share
EPS (TTM)Rs -26.64
EPS (latest year)Rs -23.79
EPS (latest quarter)Rs -3.77
EPS, 3-year averageRs -8.27
EPS, 5-year averageRs -1.87
Book value per shareRs 20.38
Sales per shareRs 132.00
Cash flow per shareRs 12.74
Free cash flow per shareRs 14.43
Dividend per share, 3-year averageRs 2.00
Dividend per share, 5-year averageRs 3.00
Dividends
Dividend payout, 3-year average52.28%
Dividend payout, 5-year average48.99%
Efficiency
Asset turnover1.16x
Fixed asset turnover3.66x
Inventory turnover2.43x
Inventory days150 days
Debtor days53 days
Debtors turnover6.87x
Creditor days143 days
Cash conversion cycle61 days
Working capital days-35 days
Leverage
Total debtRs 738 Cr
Cash and bankRs 46 Cr
Net debtRs 692 Cr
Debt to equity2.55x
Interest coverage-4.38x
Current ratio (filing 2026-03-31)0.96x
Quick ratio (filing 2026-03-31)0.50x
Trade payables (filing 2026-03-31)Rs 449 Cr
Owners' fund to total sources18.05%
Debt to assets45.99%
Cash flow
Cash from Operating Activity (latest year)Rs 181 Cr
Cash from Investing Activity (latest year)Rs -48 Cr
Cash from Financing Activity (latest year)Rs -139 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs 205 Cr
FCFE (approx.: FCF + change in debt)Rs 192 Cr
Sales to cash flow10.27x
Statement figures
Net sales (TTM)Rs 1,875 Cr
Net sales (latest year)Rs 1,858 Cr
Sales (latest quarter)Rs 578 Cr
Operating profit excl. other income (latest year)Rs -204 Cr
Operating profit (latest quarter)Rs -11 Cr
Other income (TTM)Rs 98 Cr
EBITDA (TTM)Rs -179 Cr
PBDT (TTM)Rs -248 Cr
Profit before tax (TTM)Rs -376 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -378 Cr
Net profit (latest year)Rs -338 Cr
Net profit (latest quarter)Rs -54 Cr
Depreciation (TTM)Rs 127 Cr
Depreciation (latest quarter)Rs 31 Cr
Interest (TTM)Rs 70 Cr
Cost of goods sold (latest year)Rs 1,148 Cr
Total expenditure (latest year)Rs 2,062 Cr
Total income (latest year)Rs 1,959 Cr
Share capitalRs 28 Cr
ReservesRs 261 Cr
Shareholders' fundsRs 290 Cr
Total assetsRs 1,604 Cr
Net blockRs 507 Cr
Capital work in progressRs 15 Cr
InvestmentsRs 73 Cr
ReceivablesRs 271 Cr
InventoryRs 472 Cr
Other liabilitiesRs 577 Cr
Shares outstanding (crore)14.21
Ownership
Promoter holding42.35% (-9.39 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 13.78 is at the 68th percentile (median 11.63).
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.
| Period | VIPIND | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.7% | -2.8% | -3.9 pts |
| 1 month | -7.6% | -6.8% | -0.8 pts |
| 3 months | -9.0% | -7.6% | -1.3 pts |
| 6 months | -7.1% | +0.4% | -7.5 pts |
| 1 year | -34.1% | -9.9% | -24.2 pts |
| 2 years | -49.6% | -13.6% | -36.0 pts |
| 3 years | -57.2% | +14.2% | -71.4 pts |
| 5 years | -44.4% | +27.9% | -72.3 pts |
16 mutual fund schemes hold about ₹658 Cr.
Over three months 10 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Tata Small Cap Fund | 1.10% | 144 | +5% |
| SBI Multi Asset Allocation Fund(A | 0.49% | 103 | +2% |
| SBI Flexicap Fund | 0.43% | 99 | +8% |
| SBI Multicap Fund | 0.38% | 93 | +6% |
| ICICI Pru Multi Cap Fund | 0.39% | 77 | +3% |
| ICICI Pru Multi Cap Fund | 0.39% | 74 | +3% |
| HSBC Value Fund | 0.31% | 48 | +6% |
| ICICI Pru Retirement Fund-Pure Equity Plan | 0.32% | 7 | +2% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.26% | 6 | +3% |
| HSBC Large & Mid Cap Fund | 0.07% | 4 | -92% |
| Tata Children's Fund | 0.70% | 2 | +11% |
| Groww Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Angel One Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Mirae Asset Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Bandhan Nifty Total Market Index Fund | 0.01% | 0 | +10% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +10% |
Red flags
F-score 3 of 8| look | Repeated losses Net loss in each of the last two 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 2026Sales ₹578 Cr +3.0% vs Jun 2025.
Net loss ₹54 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Shaily Engineering Plastics Ltd | 13,986 | 78.6 | 30.2 % |
| Safari Industries (India) Ltd | 7,011 | 42.5 | 19.3 % |
| Nilkamal Ltd | 2,833 | 21.0 | 10.6 % |
| Bai-Kakaji Polymers Ltd | 642 | 29.3 | 21.2 % |
| Essen Speciality Films Ltd | 283 | -1.07 % | |
| Atharva Poly-Plast Ltd | 200 | 30.9 | 38.2 % |
| Pil Italica Lifestyle Ltd | 173 | 55.1 | 7.67 % |
| Prima Plastics Ltd | 150 | 7.61 | 14.3 % |
| Avro India Ltd | 94 | 24.6 | 6.52 % |
| Tokyo Plast International Ltd | 68 | 195 | 3.94 % |
| Pearl Polymers Ltd | 29 | -17.2 % | |
| Niraj Ispat Industries Ltd | 18 | 11.9 | 11.3 % |
| Technopack Polymers Ltd | 14 | 11.8 | 7.81 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-02-07 | Interim Dividend - Rs 2 Per Share | |
| 2023-07-25 | Annual General Meeting | |
| 2023-02-02 | Interim Dividend - Rs 2 Per Share | |
| 2022-11-03 | Interim Dividend - Rs 2.50 Per Share | |
| 2022-07-22 | Annual General Meeting | |
| 2022-03-08 | Interim Dividend | |
| 2021-08-04 | Annual General Meeting | |
| 2020-07-27 | Annual General Meeting | |
| 2020-02-24 | Interim Dividend - Rs 3.2 Per Share | |
| 2019-07-19 | Annual General Meeting/Dividend - Rs 2 Per Share | |
| 2019-02-18 | Interim Dividend - Rs 1.20 Per Share | |
| 2018-07-06 | Annual General Meeting / Dividend- Rs 2 Per Share | |
| 2018-02-06 | Interim Dividend - Re 1 Per Share | |
| 2017-07-14 | Annual General Meeting/Dividend - Rs 1.60/- Per Share | |
| 2017-02-22 | Interim Dividend Re 0.80 Per Share | |
| 2016-07-14 | Annual General Meeting/Dividend Rs 1.40 Per Share | |
| 2016-02-08 | Interim Dividend Re 0.60 Per Share (Purposed Revised) | |
| 2015-07-10 | Annual General Meeting/ Dividend - Re 1/- Per Share | |
| 2015-02-03 | Interim Dividend - Re 0.50/- Per Share (Purpose Revised) | |
| 2014-06-27 | Annual General Meeting And Dividend - Rs 1.20 Per Equity Share | |
| 2014-02-14 | Interim Dividend Re.0.50/- Per Share (Purpose Revised) | |
| 2013-06-14 | Annual General Meeting And Dividend @ Re 1 Per Equity Share | |
| 2012-08-31 | Annual General Meeting/ Dividend Rs 1 Per Share | |
| 2012-02-10 | Interim Dividend Re.0.60 Per Share (Purpose Revised) | |
| 2011-10-31 | Face Value Split From Rs.10/- To Rs.2/- | 0.2000 |
| 2011-09-16 | Annual General Meeting And Dividend Rs.7/- Per Share | |
| 2011-02-01 | Interim Dividend-Rs.3/- Per Share (Purpose Revised) | |
| 2010-07-02 | Annual General Meeting And Final Dividend Rs.3/- Per Share | |
| 2010-02-04 | Int Div-Rs.2/- Per Share | |
| 2009-08-28 | Agm/Div-Re.1/- Per Share | |
| 2008-08-14 | Agm/Div-Rs.3.00/- Per Sh | |
| 2007-09-14 | Agm/Div-Rs.2.50 Per Sh | |
| 2006-09-06 | Agm/Div-Rs. 2/- Per Share |
No announcements in our files yet.
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.
| Order date | Forum | Case |
|---|---|---|
| 2019-12-06 | NCLAT | Sreenivasa Rao Kurapati VS VIP Industries & Anr. |
| 2019-10-24 | NCLAT | Sreenivasa Rao Kurapati VS VIP Industries & Anr. |
| 2019-09-23 | NCLAT | Acaricide India Pvt. Ltd. VS VIP Industries. |
| 2019-09-11 | NCLAT | Acaricide India Pvt. Ltd. VS VIP Industries. |
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
EPS in the scrip is zero (4 trailing quarters)Loss making
Quick answers
What is the market cap of V I P Industries Ltd?
V I P Industries Ltd (VIPIND) has a market capitalisation of Rs 4,167 Cr. at the 2026-10-01 close.
What were V I P Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, V I P Industries Ltd sales was Rs 578 Cr (+3.0% vs Jun 2025) with a net loss of Rs 54 Cr.
What is the 52-week high and low of V I P Industries Ltd?
The 52-week high is Rs 447.30 and the 52-week low is Rs 278.25.