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Last Updated on: 08 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 532613 | NSE: VIPCLOTHNG

VIP Clothing Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 7, 2024, 9:04 pm

Market Cap 328 Cr.
Current Price 39.9
High / Low53.0/28.6
Stock P/E
Book Value 15.4
Dividend Yield0.00 %
ROCE3.23 %
ROE9.49 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for VIP Clothing Ltd

Competitors of VIP Clothing Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Haria Exports Ltd 5.92 Cr. 5.129.36/3.8765.8 12.10.00 %0.64 %0.64 % 10.0
Haria Apparels Ltd 8.21 Cr. 5.376.80/4.3213.4 3.460.00 %18.6 %18.2 % 10.0
Garment Mantra Lifestyle Ltd 52.0 Cr. 2.594.61/2.2018.8 1.850.00 %7.86 %6.85 % 1.00
Cityman Ltd 24.6 Cr. 21.026.5/14.3 5.350.00 %4.69 %% 10.0
Bindal Exports Ltd 11.9 Cr. 25.825.8/16.141.0 21.60.00 %6.61 %2.96 % 10.0
Industry Average5,303.33 Cr1,815.1541.86141.700.18%12.96%15.23%7.28

All Competitor Stocks of VIP Clothing Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales41.7223.4059.8649.9248.7050.4752.8644.1651.6353.6652.3544.8932.38
Expenses40.7326.0254.1151.2645.1350.8950.2640.0446.9950.1351.6746.0240.21
Operating Profit0.99-2.625.75-1.343.57-0.422.604.124.643.530.68-1.13-7.83
OPM %2.37%-11.20%9.61%-2.68%7.33%-0.83%4.92%9.33%8.99%6.58%1.30%-2.52%-24.18%
Other Income0.850.640.921.320.751.790.936.570.110.090.130.100.10
Interest2.702.242.202.492.332.432.372.311.862.072.302.202.51
Depreciation0.940.930.980.970.970.900.810.690.660.680.680.660.70
Profit before tax-1.80-5.153.49-3.481.02-1.960.357.692.230.87-2.17-3.89-10.94
Tax %-90.00%-21.36%38.11%-30.75%-104.90%3.06%-354.29%33.81%11.21%31.03%14.29%-13.11%-32.36%
Net Profit-0.19-4.062.16-2.412.09-2.021.595.091.980.61-2.48-3.38-7.40
EPS in Rs-0.02-0.490.26-0.290.25-0.240.190.620.240.07-0.30-0.41-0.90

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales249257261194231222207172143183201183180
Expenses233234233194217212203188140176188188185
Operating Profit162328-014104-163713-5-5
OPM %7%9%11%-0%6%5%2%-9%2%4%6%-3%-3%
Other Income5107-612322800
Interest1413131312119101110999
Depreciation3454333444333
Profit before tax4811-9-8-3-7-28-10-48-16-17
Tax %35%34%36%5%-5%18%-5%-46%-89%-46%20%-22%
Net Profit357-10-7-3-6-15-1-27-13-13
EPS in Rs0.360.680.89-1.20-0.89-0.37-0.75-1.81-0.13-0.270.80-1.53-1.58
Dividend Payout %53%24%27%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)66.67%40.00%-242.86%30.00%57.14%-100.00%-150.00%93.33%-100.00%450.00%-285.71%
Change in YoY Net Profit Growth (%)0.00%-26.67%-282.86%272.86%27.14%-157.14%-50.00%243.33%-193.33%550.00%-735.71%

VIP Clothing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-3%
5 Years:-2%
3 Years:9%
TTM:-8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-954%
Stock Price CAGR
10 Years:3%
5 Years:39%
3 Years:21%
1 Year:-19%
Return on Equity
10 Years:-4%
5 Years:-4%
3 Years:-3%
Last Year:-9%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 2:27 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital131313131317171717171717
Reserves75787980143178135120119117123111
Borrowings11195989496808379931038981
Other Liabilities556164568889685742485763
Total Liabilities253247255243341364302272270285286271
Fixed Assets697267621711661091091071049799
CWIP002000000000
Investments000000000000
Other Assets184175186182170198194163163181188171
Total Assets253247255243341364302272270285286271

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 535121010-177146-41310
Cash from Investing Activity -3-5-42123-13-1-011-0
Cash from Financing Activity -1-31-8-11-2115-6-16-21-14-21
Net Cash Flow1-1-0011022-310-11

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-95.00-72.00-70.00-94.00-82.00-70.00-79.00-95.00-90.00-96.00-76.00-86.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days838010610384107106103154120122116
Inventory Days266228216367268323336302330311240281
Days Payable797574108596963689610684125
Cash Conversion Cycle271232248362292361380338387326279272
Working Capital Days185160173249212266283272325264229217
ROCE %10%11%12%-2%5%3%1%-8%0%2%5%-3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Oct 2024
Promoters49.52%49.53%49.58%49.58%49.58%49.58%49.58%49.58%49.58%49.58%49.58%47.30%
FIIs0.36%0.27%0.42%1.02%0.44%0.47%0.27%0.03%0.12%0.03%0.00%0.00%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public50.11%50.20%49.99%49.39%49.98%49.95%50.15%50.38%50.29%50.38%50.42%52.70%
No. of Shareholders33,28332,69132,04029,87629,15129,12132,05432,07633,18934,33632,53232,559

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 12
FaceValue2.00
Basic EPS (Rs.)0.08
Diluted EPS (Rs.)0.08
PBDIT Margin (%)8.60
PBIT Margin (%)6.84
PBT Margin (%)2.76
Net Profit Margin (%)2.08
NP After MI And SOA Margin (%)2.08
Interest Coverage Ratio (X)1.02
Interest Coverage Ratio (Post Tax) (X)0.91

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of VIP Clothing Ltd as of November 8, 2024 is: 22.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 8, 2024, VIP Clothing Ltd is Overvalued by 43.96% compared to the current share price ₹39.90

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of VIP Clothing Ltd as of November 8, 2024 is: 18.69

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 8, 2024, VIP Clothing Ltd is Overvalued by 53.16% compared to the current share price ₹39.90

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -16.41%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in VIP Clothing Ltd:
    1. Net Profit Margin: 2.08%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0% (Industry Average ROCE: 12.96%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 0% (Industry Average ROE: 15.23%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.91
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 41.86)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

VIP Clothing Ltd. is a Public Limited Listed company incorporated on 14/01/1991 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L18101MH1991PLC059804 and registration number is 059804. Currently Company is involved in the business activities of Manufacture of other knitted and crocheted apparel including hosiery. Company’s Total Operating Revenue is Rs. 181.75 Cr. and Equity Capital is Rs. 16.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsC-6, Road No. 22, MIDC, Andheri (East), Mumbai Maharashtra 400093investor.relations@viporg.com
http://www.vipclothing.in
Management
NamePosition Held
Mr. Sunil J PathareChairman & Managing Director
Mr. Kapil J PathareWhole Time Director
Mr. Gopal SehjpalIndependent Director
Mr. Chetan ShethIndependent Director
Mr. Robin BanerjeeIndependent Director
Mr. Meher CastelinoIndependent Director
Mr. Vilas GupteIndependent Director

FAQ

What is the latest fair value of VIP Clothing Ltd?

The latest fair value of VIP Clothing Ltd is ₹22.36.

What is the Market Cap of VIP Clothing Ltd?

The Market Cap of VIP Clothing Ltd is 328 Cr..

What is the current Stock Price of VIP Clothing Ltd as on 08 November 2024?

The current stock price of VIP Clothing Ltd as on 08 November 2024 is 39.9.

What is the High / Low of VIP Clothing Ltd stocks in FY 2024?

In FY 2024, the High / Low of VIP Clothing Ltd stocks is 53.0/28.6.

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

The Stock P/E of VIP Clothing Ltd is .

What is the Book Value of VIP Clothing Ltd?

The Book Value of VIP Clothing Ltd is 15.4.

What is the Dividend Yield of VIP Clothing Ltd?

The Dividend Yield of VIP Clothing Ltd is 0.00 %.

What is the ROCE of VIP Clothing Ltd?

The ROCE of VIP Clothing Ltd is 3.23 %.

What is the ROE of VIP Clothing Ltd?

The ROE of VIP Clothing Ltd is 9.49 %.

What is the Face Value of VIP Clothing Ltd?

The Face Value of VIP Clothing Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in VIP Clothing Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE