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Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532613 | NSE: VIPCLOTHNG

VIP Clothing Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.35Overvalued by 33.24%vs CMP ₹17.00

P/E (19.6) × ROE (3.4%) × BV (₹21.00) × DY (2.00%)

₹15.42Fairly Valued by 9.29%vs CMP ₹17.00
MoS: -10.2% (Negative)Confidence: 43/100 (Low)Models: 3 Under, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹13.2230%Over (-22.2%)
Graham NumberEarnings₹20.2718%Under (+19.2%)
DCFCash Flow₹10.5914%Over (-37.7%)
Net Asset ValueAssets₹21.0010%Under (+23.5%)
EV/EBITDAEnterprise₹13.7812%Over (-18.9%)
Earnings YieldEarnings₹8.7010%Over (-48.8%)
Revenue MultipleRevenue₹26.337%Under (+54.9%)
Consensus (7 models)₹15.42100%Fairly Valued
Key Drivers: ROE 3.4% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.4%

*Investments are subject to market risks

Investment Snapshot

48
VIP Clothing Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 6.2% WeakROE 3.4% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 46.6% Stable
Earnings Quality40/100 · Moderate
OPM stable around 2% SteadyWorking capital: 131 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): +21% YoY Accelerating
Industry Rank45/100 · Moderate
P/E 19.6 vs industry 33.4 Cheaper than peersROCE 6.2% vs industry 11.4% Below peersROE 3.4% vs industry 15.7% Below peers3Y sales CAGR: 9% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 153 Cr.
Current Price 17.0
Intrinsic Value₹15.42
High / Low 45.2/14.0
Stock P/E19.6
Book Value 21.0
Dividend Yield0.00 %
ROCE6.21 %
ROE3.38 %
Face Value 2.00
PEG Ratio1.19

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

View Share Price Target for VIP Clothing Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
VIP Clothing Ltd 153 Cr. 17.0 45.2/14.019.6 21.00.00 %6.21 %3.38 % 2.00
Active Clothing Co Ltd 146 Cr. 94.1 161/82.612.1 53.00.00 %11.7 %11.5 % 10.0
Indian Terrain Fashions Ltd 142 Cr. 28.0 45.0/24.4 36.00.00 %5.17 %22.7 % 2.00
Integra Essentia Ltd 128 Cr. 1.20 2.61/1.0141.5 1.610.00 %4.75 %2.66 % 1.00
Zodiac Clothing Company Ltd 184 Cr. 67.0 125/58.5 71.00.00 %8.18 %16.2 % 10.0
Industry Average4,184.42 Cr1,215.8433.42143.320.29%11.36%15.66%7.21

All Competitor Stocks of VIP Clothing Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 44.1651.6353.6652.3544.8932.3850.1259.2362.6364.9165.4566.0750.78
Expenses 40.0446.9950.1351.6746.0240.2147.3155.8257.9459.1659.2159.9347.11
Operating Profit 4.124.643.530.68-1.13-7.832.813.414.695.756.246.143.67
OPM % 9.33%8.99%6.58%1.30%-2.52%-24.18%5.61%5.76%7.49%8.86%9.53%9.29%7.23%
Other Income 6.570.110.090.130.100.100.140.320.240.660.150.180.52
Interest 2.311.862.072.302.202.511.931.981.792.362.452.232.19
Depreciation 0.690.660.680.680.660.700.700.690.700.850.680.680.63
Profit before tax 7.692.230.87-2.17-3.89-10.940.321.062.443.203.263.411.37
Tax % 33.81%11.21%31.03%14.29%-13.11%-32.36%25.00%24.53%18.44%24.38%31.90%34.60%32.12%
Net Profit 5.091.980.61-2.48-3.38-7.400.230.812.002.422.222.240.93
EPS in Rs 0.620.240.07-0.30-0.41-0.900.030.090.220.270.250.250.10

Last Updated: March 3, 2026, 1:52 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 257261194231222207172143183201183237247
Expenses 234233194217212203188140176188188220225
Operating Profit 2328-014104-163713-51722
OPM % 9%11%-0%6%5%2%-9%2%4%6%-3%7%9%
Other Income 107-6123228012
Interest 131313121191011109989
Depreciation 4543334443333
Profit before tax 811-9-8-3-7-28-10-48-16711
Tax % 34%36%5%-5%18%-5%-46%-89%-46%20%-22%22%
Net Profit 57-10-7-3-6-15-1-27-1358
EPS in Rs 0.680.89-1.20-0.89-0.37-0.75-1.81-0.13-0.270.80-1.530.610.87
Dividend Payout % 24%27%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)40.00%-242.86%30.00%57.14%-100.00%-150.00%93.33%-100.00%450.00%-285.71%138.46%
Change in YoY Net Profit Growth (%)0.00%-282.86%272.86%27.14%-157.14%-50.00%243.33%-193.33%550.00%-735.71%424.18%

VIP Clothing Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-1%
5 Years:7%
3 Years:9%
TTM:40%
Compounded Profit Growth
10 Years:-2%
5 Years:19%
3 Years:65%
TTM:157%
Stock Price CAGR
10 Years:-1%
5 Years:28%
3 Years:4%
1 Year:-22%
Return on Equity
10 Years:-3%
5 Years:-1%
3 Years:-1%
Last Year:3%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: January 7, 2026, 4:46 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 13131313171717171717171818
Reserves 788380143178135120119117135122167171
Borrowings 959894968083799310389818276
Other Liabilities 61615688896857424846526360
Total Liabilities 247255243341364302272270285286271329324
Fixed Assets 72676217116610910910710497999796
CWIP 0200000000000
Investments 0000000000000
Other Assets 175186182170198194163163181188171232228
Total Assets 247255243341364302272270285286271329324

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 35121010-177146-41310-37
Cash from Investing Activity + -5-42123-13-1-011-04
Cash from Financing Activity + -31-8-11-2115-6-16-21-14-2134
Net Cash Flow -1-0011022-310-110
Free Cash Flow 2981121-156145-42410-38
CFO/OP 150%54%-15,988%75%-163%189%-92%198%-51%111%-224%-223%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-72.00-70.00-94.00-82.00-70.00-79.00-95.00-90.00-96.00-76.00-86.00-65.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8010610384107106103154120122116152
Inventory Days 228216367268323336302330311240281233
Days Payable 7574108596963689610684125119
Cash Conversion Cycle 232248362292361380338387326279272267
Working Capital Days 42427263135138105102818373131
ROCE %11%12%-2%5%3%1%-8%0%2%5%-3%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 49.58%49.58%49.58%49.58%49.58%49.58%49.58%46.55%46.55%46.55%46.55%46.55%
FIIs 0.44%0.47%0.27%0.03%0.12%0.03%0.00%0.45%0.48%0.48%0.50%0.46%
Public 49.98%49.95%50.15%50.38%50.29%50.38%50.42%53.00%52.98%52.96%52.94%52.99%
No. of Shareholders 29,15129,12132,05432,07633,18934,33632,53232,09131,90632,56432,81532,327

Shareholding Pattern Chart

No. of Shareholders

VIP Clothing Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 12
FaceValue 2.00
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

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. 236.89 Cr. and Equity Capital is Rs. 18.03 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsC-6, Road No. 22, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Sunil J PathareChairman & Managing Director
Mr. Kapil J PathareDeputy Managing Director
Mr. Vilas GupteIndependent Director
Mr. Uday AjgaonkarIndependent Director
Mr. Kishor NavandarIndependent Director
Ms. Vandana BhardwajIndependent Director

FAQ

What is the intrinsic value of VIP Clothing Ltd and is it undervalued?

As of 16 April 2026, VIP Clothing Ltd's intrinsic value is ₹15.42, which is 9.29% lower than the current market price of ₹17.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.38 %), book value (₹21.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of VIP Clothing Ltd?

VIP Clothing Ltd is trading at ₹17.00 as of 16 April 2026, with a FY2026-2027 high of ₹45.2 and low of ₹14.0. The stock is currently near its 52-week low. Market cap stands at ₹153 Cr..

How does VIP Clothing Ltd's P/E ratio compare to its industry?

VIP Clothing Ltd has a P/E ratio of 19.6, which is below the industry average of 33.42. This is broadly in line with or below the industry average.

Is VIP Clothing Ltd financially healthy?

Key indicators for VIP Clothing Ltd: ROCE of 6.21 % is on the lower side compared to the industry average of 11.36%; ROE of 3.38 % is below ideal levels (industry average: 15.66%). Dividend yield is 0.00 %.

Is VIP Clothing Ltd profitable and how is the profit trend?

VIP Clothing Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹237 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows an improving trend.

Does VIP Clothing Ltd pay dividends?

VIP Clothing Ltd has a dividend yield of 0.00 % at the current price of ₹17.00. The company is currently not paying meaningful dividends.

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
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