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 ₹ 7,009 Cr.
  • Current Price ₹ 493
  • High / Low ₹ 668 / 428
  • Stock P/E
  • Book Value ₹ 45.6
  • Dividend Yield 0.41 %
  • ROCE 8.48 %
  • ROE 5.25 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 49.0%

Cons

  • Stock is trading at 10.8 times its book value
  • Company has low interest coverage ratio.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
330 397 356 591 515 526 451 636 546 546 516 639 544
288 340 323 488 443 453 386 556 493 494 508 590 546
Operating Profit 42 57 33 103 72 73 64 81 53 52 8 49 -2
OPM % 13% 14% 9% 17% 14% 14% 14% 13% 10% 10% 2% 8% -0%
7 9 6 22 5 3 -43 28 3 3 4 2 6
Interest 6 5 5 7 7 7 8 11 12 15 17 18 20
Depreciation 17 17 17 18 18 18 20 21 24 27 28 29 30
Profit before tax 25 44 16 100 52 51 -6 77 19 13 -33 4 -46
Tax % 25% 23% 23% 31% 16% 13% -34% 25% 31% 46% -28% -9% -28%
19 33 12 69 43 44 -4 58 13 7 -24 4 -33
EPS in Rs 1.31 2.37 0.88 4.88 3.07 3.11 -0.30 4.08 0.94 0.50 -1.68 0.28 -2.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 1,252 1,410 1,785 1,714 619 1,290 2,082 2,245 2,246
730 860 938 1,082 1,117 1,214 1,558 1,418 683 1,143 1,765 2,047 2,139
Operating Profit 71 82 79 110 134 196 227 296 -64 147 317 198 107
OPM % 9% 9% 8% 9% 11% 14% 13% 17% -10% 11% 15% 9% 5%
1 18 7 3 7 9 8 -36 48 36 -16 37 15
Interest 7 4 3 3 3 2 4 25 31 26 31 59 70
Depreciation 20 17 18 14 14 13 17 87 78 70 74 99 114
Profit before tax 45 80 65 95 126 190 215 148 -125 86 197 77 -62
Tax % 31% 28% 29% 30% 32% 33% 32% 25% -22% 22% 22% 29%
32 58 47 66 85 127 145 112 -97 67 152 54 -46
EPS in Rs 2.23 4.08 3.30 4.70 6.03 8.97 10.28 7.91 -6.90 4.73 10.75 3.83 -3.23
Dividend Payout % 45% 42% 45% 43% 40% 33% 31% 40% 0% 53% 42% 52%
Compounded Sales Growth
10 Years: 9%
5 Years: 5%
3 Years: 54%
TTM: 4%
Compounded Profit Growth
10 Years: -3%
5 Years: -25%
3 Years: 32%
TTM: -136%
Stock Price CAGR
10 Years: 17%
5 Years: 3%
3 Years: -5%
1 Year: -22%
Return on Equity
10 Years: 16%
5 Years: 11%
3 Years: 15%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 229 259 277 311 380 461 553 582 489 531 613 650 620
40 16 31 14 0 0 86 269 353 298 352 871 832
112 146 163 231 201 284 404 364 223 371 421 517 485
Total Liabilities 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,966
78 85 71 67 61 77 117 371 288 265 309 532 516
CWIP 4 1 1 1 1 3 6 3 2 7 15 14 16
Investments 0 0 0 0 68 72 1 41 141 42 23 3 7
328 363 427 517 479 621 948 829 662 915 1,067 1,518 1,427
Total Assets 409 449 499 585 609 773 1,071 1,243 1,094 1,229 1,415 2,067 1,966

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 50 14 53 126 85 -56 292 85 -24 175 -132
-15 -2 -3 -8 -73 -29 16 -85 -145 146 -84 -76
-63 -49 -14 -45 -51 -44 31 -211 74 -126 -75 218
Net Cash Flow -4 -1 -3 0 2 13 -9 -4 14 -3 16 10

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 57 88 62 45 53
Inventory Days 119 120 145 158 153 168 219 208 311 305 217 325
Days Payable 59 68 76 89 78 113 132 135 159 166 112 145
Cash Conversion Cycle 108 89 109 115 109 101 148 130 240 201 150 234
Working Capital Days 81 70 82 79 73 76 103 91 176 137 96 144
ROCE % 17% 23% 20% 28% 34% 43% 38% 29% -12% 13% 28% 8%

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.

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Documents

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