V I P Industries Ltd
VIP Industries is engaged interalia, in the business of manufacturing and marketing of luggage, bags and accessories.
- 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
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
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10 Years: | -17% |
5 Years: | -43% |
3 Years: | 28% |
TTM: | -171% |
Stock Price CAGR | |
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10 Years: | 17% |
5 Years: | 3% |
3 Years: | -5% |
1 Year: | -22% |
Return on Equity | |
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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% |
Documents
Announcements
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Clarification sought from VIP Industries Ltd
5h - Exchange has sought clarification from VIP Industries Ltd on November 21, 2024, with reference to news appeared in https://www.business-standard.com/ dated November 21, 2024 quoting "VIP …
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
2d - Allotment of 426 equity shares under ESOP.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
15 Nov - Issue of duplicate share certificates to shareholders.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 15 Nov
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Nov
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Oct 2024Transcript PPT REC
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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]