V I P Industries Ltd

V I P Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

V I P Industries Ltd

₹ 493 7.24%
21 Nov - close price
vipindustries.co.in BSE: 507880 NSE: VIPIND
About

VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.

Key Points

Market Leadership
The company is Asia’s leading and the world’s 2nd-largest manufacturer and retailer of luggage, backpacks, and handbags. It is an established leader in the organized and oligopolistic Indian luggage market with a ~38% market share. [1]

Website BSE NSE
  • Market Cap ₹ 7,007 Cr.
  • Current Price ₹ 493
  • High / Low ₹ 668 / 428
  • Stock P/E
  • Book Value ₹ 41.6
  • Dividend Yield 0.41 %
  • ROCE 5.22 %
  • ROE 1.24 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 65.5%

Cons

  • Stock is trading at 11.9 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 13.2% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Moulded Luggage

Part of BSE 250 SmallCap Index Nifty Smallcap 250 BSE Allcap BSE Consumer Discretionary Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
325 387 344 563 503 514 440 622 538 541 515 638 544
291 342 320 492 453 481 418 564 514 516 494 591 553
Operating Profit 34 45 23 71 50 33 22 58 24 24 20 46 -9
OPM % 10% 12% 7% 13% 10% 6% 5% 9% 5% 4% 4% 7% -2%
16 11 8 57 5 48 -10 29 3 6 4 2 3
Interest 6 5 5 6 6 5 7 9 11 14 15 17 19
Depreciation 15 14 14 15 14 14 15 17 20 23 24 26 26
Profit before tax 29 37 13 107 35 61 -10 61 -3 -6 -15 6 -51
Tax % 19% 26% 30% 23% 8% 7% 13% 25% -27% -22% -30% 25% -24%
24 28 9 83 32 57 -11 46 -2 -5 -11 4 -38
EPS in Rs 1.67 1.95 0.64 5.85 2.28 4.04 -0.80 3.24 -0.17 -0.34 -0.75 0.31 -2.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
801 942 1,017 1,192 1,251 1,410 1,784 1,710 613 1,257 2,020 2,216 2,237
730 859 939 1,087 1,130 1,227 1,581 1,463 689 1,138 1,840 2,086 2,154
Operating Profit 71 83 78 105 121 183 204 247 -76 119 180 129 82
OPM % 9% 9% 8% 9% 10% 13% 11% 14% -12% 9% 9% 6% 4%
1 18 7 3 9 10 10 -24 59 47 97 41 15
Interest 7 4 3 3 3 2 4 24 29 24 25 51 65
Depreciation 20 17 15 12 11 11 13 78 67 58 58 83 99
Profit before tax 45 80 67 92 116 179 197 121 -113 84 193 36 -66
Tax % 31% 27% 28% 31% 34% 34% 34% 27% -25% 24% 17% 23%
32 58 48 63 76 119 129 89 -85 64 161 28 -50
EPS in Rs 2.23 4.13 3.39 4.49 5.41 8.39 9.11 6.28 -5.98 4.50 11.36 1.97 -3.49
Dividend Payout % 45% 41% 44% 45% 44% 36% 35% 51% 0% 55% 40% 101%
Compounded Sales Growth
10 Years: 9%
5 Years: 4%
3 Years: 53%
TTM: 6%
Compounded Profit Growth
10 Years: -17%
5 Years: -43%
3 Years: 28%
TTM: -171%
Stock Price CAGR
10 Years: 17%
5 Years: 3%
3 Years: -5%
1 Year: -22%
Return on Equity
10 Years: 15%
5 Years: 9%
3 Years: 13%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 28 28 28 28 28 28 28 28 28 28 28 28 28
Reserves 229 259 279 308 370 444 518 519 440 477 579 588 562
40 16 31 14 0 0 86 251 331 233 289 755 737
112 144 161 229 207 294 396 353 209 294 350 485 466
Total Liabilities 409 448 499 580 605 766 1,029 1,151 1,008 1,032 1,246 1,857 1,793
78 68 55 52 49 62 83 311 234 202 238 462 457
CWIP 1 1 1 1 1 1 4 3 2 6 14 4 5
Investments 4 10 18 20 88 101 44 89 198 100 76 54 58
327 370 424 507 468 602 897 748 574 723 918 1,336 1,273
Total Assets 409 448 499 580 605 766 1,029 1,151 1,008 1,032 1,246 1,857 1,793

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
74 45 13 51 125 84 -64 271 75 -14 63 -116
-15 3 -2 -7 -72 -30 23 -67 -139 173 15 -49
-63 -49 -14 -45 -51 -44 31 -207 73 -163 -63 171
Net Cash Flow -4 -1 -3 -0 2 10 -11 -3 9 -5 15 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 37 40 46 35 46 61 56 87 60 44 54
Inventory Days 119 118 140 150 143 156 189 156 205 192 151 231
Days Payable 59 67 74 86 80 115 122 118 136 110 76 117
Cash Conversion Cycle 108 88 106 110 99 86 128 94 156 142 119 167
Working Capital Days 81 69 82 77 68 70 96 78 138 111 89 125
ROCE % 17% 23% 20% 28% 32% 42% 36% 27% -12% 14% 25% 5%

Shareholding Pattern

Numbers in percentages

9 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.27% 50.39% 50.79% 51.33% 51.32% 51.31% 51.30% 51.23% 51.77% 51.76% 51.75% 51.74%
5.84% 8.63% 8.84% 8.95% 9.33% 9.03% 8.95% 7.76% 7.49% 8.07% 7.32% 7.81%
23.60% 21.36% 20.80% 20.59% 19.88% 20.89% 20.82% 14.70% 12.84% 12.68% 13.76% 12.26%
20.29% 19.62% 19.57% 19.14% 19.47% 18.77% 18.94% 26.32% 27.91% 27.50% 27.18% 28.19%
No. of Shareholders 1,10,7961,08,0191,10,9711,08,9851,14,4181,10,8161,11,0201,15,2461,28,7291,40,8751,42,1461,39,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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