Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 507880 | NSE: VIPIND

VIP Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹48.28Overvalued by 84.72%vs CMP ₹316.00

P/E (15.0) × ROE (12.1%) × BV (₹32.60) × DY (2.00%)

Defaults: P/E=15

₹76.20Overvalued by 75.89%vs CMP ₹316.00
MoS: -314.7% (Negative)Confidence: 55/100 (Moderate)Models: All 4: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹25.9339%Over (-91.8%)
Net Asset ValueAssets₹32.5724%Over (-89.7%)
EV/EBITDAEnterprise₹90.8220%Over (-71.3%)
Revenue MultipleRevenue₹229.8218%Over (-27.3%)
Consensus (4 models)₹76.20100%Overvalued
Key Drivers: EPS CAGR -46.3% drags value — could be higher if earnings stabilize. | Wide model spread (₹26–₹230) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -46.3% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

43
VIP Industries Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 1.5% WeakROE 12.1% GoodD/E 0.29 Low debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changeDII holding up 4.67% MF buyingPromoter decreased by 7.39% Caution
Earnings Quality50/100 · Moderate
OPM contracting (13% → 7%) DecliningWorking capital: 36 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -13% YoY DecliningOPM: -17.0% (down 23.0% YoY) Margin pressure
Industry Rank30/100 · Weak
ROCE 1.5% vs industry 12.8% Below peersROE 12.1% vs industry 24.7% Below peers3Y sales CAGR: 19% 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.

VIP Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 39.6 | ROCE 1.5% | ROE 12.1% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.29x | IntCov 0.0x | Current 1.84x | Borrow/Reserve 1.79x
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-69 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.22 pp | DII +1.36 pp | Prom -7.39 pp
Business Momentum
+48
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +11.8% | Q NP +62.9% | Q OPM +9.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-75.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves1.79xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.22 ppLatest FII% minus previous FII%
DII Change+1.36 ppLatest DII% minus previous DII%
Promoter Change-7.39 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,667Latest shareholder count minus previous count
Quarterly Sales Change+11.8%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+62.9%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+9.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

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

Market Cap 4,492 Cr.
Current Price 316
Intrinsic Value₹76.20
High / Low 492/248
Stock P/E
Book Value 32.6
Dividend Yield0.00 %
ROCE1.50 %
ROE12.1 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for VIP Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
VIP Industries Ltd 4,492 Cr. 316 492/248 32.60.00 %1.50 %12.1 % 2.00
AGI Greenpac Ltd 3,253 Cr. 503 1,009/4659.61 3431.39 %19.9 %16.2 % 2.00
Jindal Poly Films Ltd 3,221 Cr. 736 1,026/360 9320.80 %5.36 %2.15 % 10.0
Uflex Ltd 2,666 Cr. 369 686/33011.2 1,0700.81 %7.75 %3.29 % 10.0
Polyplex Corporation Ltd 2,485 Cr. 792 1,398/74082.1 1,2871.71 %7.16 %5.72 % 10.0
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of VIP Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 526451636546546516639544501494561406454
Expenses 453386556493494508590546472488537513531
Operating Profit 7364815352849-229625-106-77
OPM % 14%14%13%10%10%2%8%-0%6%1%4%-26%-17%
Other Income 3-4328334262871575
Interest 781112151718201817171816
Depreciation 18202124272829303030323332
Profit before tax 51-6771913-334-46-17-33-17-142-50
Tax % 13%-34%25%31%46%-28%-9%-28%-26%-16%-23%1%5%
Net Profit 44-458137-244-33-12-27-13-143-53
EPS in Rs 3.11-0.304.080.940.50-1.680.28-2.33-0.87-1.93-0.92-10.08-3.72

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 9421,0171,1921,2521,4101,7851,7146191,2902,0822,2452,1781,916
Expenses 8609381,0821,1171,2141,5581,4186831,1431,7652,0472,0902,068
Operating Profit 8279110134196227296-6414731719888-152
OPM % 9%8%9%11%14%13%17%-10%11%15%9%4%-8%
Other Income 1873798-364836-163719104
Interest 43332425312631597967
Depreciation 1718141413178778707499119127
Profit before tax 806595126190215148-1258619777-91-242
Tax % 28%29%30%32%33%32%25%-22%22%22%29%-25%
Net Profit 58476685127145112-976715254-69-236
EPS in Rs 4.083.304.706.038.9710.287.91-6.904.7310.753.83-4.84-16.65
Dividend Payout % 42%45%43%40%33%31%40%-0%53%42%52%-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 (%)-18.97%40.43%28.79%49.41%14.17%-22.76%-186.61%169.07%126.87%-64.47%-227.78%
Change in YoY Net Profit Growth (%)0.00%59.39%-11.64%20.62%-35.24%-36.93%-163.85%355.68%-42.21%-191.34%-163.30%

VIP Industries 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:8%
5 Years:5%
3 Years:19%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-16208%
Stock Price CAGR
10 Years:20%
5 Years:9%
3 Years:-10%
1 Year:-16%
Return on Equity
10 Years:12%
5 Years:3%
3 Years:7%
Last Year:-12%

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

Balance Sheet

Last Updated: December 4, 2025, 2:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 28282828282828282828282828
Reserves 259277311380461553582489531613650588435
Borrowings 1631140086269353298352871751779
Other Liabilities 146163231201284404364223371421517489480
Total Liabilities 4494995856097731,0711,2431,0941,2291,4152,0671,8561,722
Fixed Assets 8571676177117371288265309532507510
CWIP 11113632715141815
Investments 00068721411414223364
Other Assets 3634275174796219488296629151,0671,5181,3261,193
Total Assets 4494995856097731,0711,2431,0941,2291,4152,0671,8561,722

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 50145312685-5629285-24175-132292
Cash from Investing Activity + -2-3-8-73-2916-85-145146-84-76-47
Cash from Financing Activity + -49-14-45-51-4431-21174-126-75218-251
Net Cash Flow -1-30213-9-414-31610-5
Free Cash Flow 3894511855-115248102-5869-231251
CFO/OP 88%44%73%123%76%7%112%-137%-10%72%-53%337%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow66.0048.0096.00134.00196.00141.0027.00-417.00-151.00-35.00-673.00-663.00

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 374046354661578862455362
Inventory Days 120145158153168219208311305217326222
Days Payable 68768978113132135159166112145123
Cash Conversion Cycle 89109115109101148130240201150234161
Working Capital Days 637174737685726291574836
ROCE %23%20%28%34%43%38%29%-12%13%28%8%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.31%51.30%51.23%51.77%51.76%51.75%51.74%51.74%51.74%51.74%49.74%42.35%
FIIs 9.03%8.95%7.76%7.49%8.07%7.32%7.82%7.43%7.68%7.27%6.95%6.73%
DIIs 20.89%20.82%14.70%12.84%12.68%13.76%12.28%13.31%12.75%13.78%16.06%17.42%
Public 18.77%18.94%26.32%27.91%27.50%27.18%28.19%27.54%27.86%27.22%27.27%33.51%
No. of Shareholders 1,10,8161,11,0201,15,2461,28,7291,40,8751,42,1461,39,1251,40,6891,41,2171,37,1621,29,3301,27,663

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multi Asset Allocation Fund 11,396 0.7 33742.773,374,2772026-03-29 11:42:08-99.66%
SBI Flexicap Fund 4,836,000 0.74 172.91N/AN/AN/A
Tata Small Cap Fund 4,692,204 1.57 167.77N/AN/AN/A
SBI Multicap Fund 3,031,256 0.47 108.38N/AN/AN/A
ICICI Prudential Multicap Fund 2,445,196 0.54 87.432,349,0002026-02-23 01:39:504.1%
HSBC Value Fund 1,550,763 0.38 55.45N/AN/AN/A
ICICI Prudential Retirement Fund - Pure Equity 227,649 0.47 8.14N/AN/AN/A
Mahindra Manulife ELSS Tax Saver Fund 150,060 0.57 5.37170,0602026-03-12 04:53:16-11.76%
Tata Childrens Fund 75,155 0.78 2.69N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -4.843.8410.764.73-6.90
Diluted EPS (Rs.) -4.833.8210.724.73-6.90
Cash EPS (Rs.) 3.5410.8315.959.68-1.38
Book Value[Excl.RevalReserv]/Share (Rs.) 43.3947.7645.3039.5736.60
Book Value[Incl.RevalReserv]/Share (Rs.) 43.3947.7645.3039.5736.60
Revenue From Operations / Share (Rs.) 153.41158.15147.0091.1643.78
PBDIT / Share (Rs.) 6.5614.4623.3612.78-1.20
PBIT / Share (Rs.) -1.827.4518.167.83-6.71
PBT / Share (Rs.) -6.425.3913.876.09-8.82
Net Profit / Share (Rs.) -4.843.8310.754.73-6.90
NP After MI And SOA / Share (Rs.) -4.843.8310.754.73-6.90
PBDIT Margin (%) 4.279.1415.8814.01-2.73
PBIT Margin (%) -1.184.7112.358.59-15.33
PBT Margin (%) -4.183.419.436.68-20.14
Net Profit Margin (%) -3.152.417.315.19-15.76
NP After MI And SOA Margin (%) -3.152.417.315.19-15.76
Return on Networth / Equity (%) -11.168.0023.7411.95-18.85
Return on Capital Employeed (%) -2.8410.8332.5915.53-13.68
Return On Assets (%) -3.702.6210.765.44-8.90
Total Debt / Equity (X) 0.670.780.280.210.29
Asset Turnover Ratio (%) 1.111.291.571.110.54
Current Ratio (X) 1.281.311.621.741.84
Quick Ratio (X) 0.540.470.670.731.09
Inventory Turnover Ratio (X) 2.701.111.371.380.29
Dividend Payout Ratio (NP) (%) 0.0052.2641.8252.840.00
Dividend Payout Ratio (CP) (%) 0.0018.4528.1925.830.00
Earning Retention Ratio (%) 0.0047.7458.1847.160.00
Cash Earning Retention Ratio (%) 0.0081.5571.8174.170.00
Interest Coverage Ratio (X) 1.273.7311.627.34-0.56
Interest Coverage Ratio (Post Tax) (X) -0.041.527.483.72-2.28
Enterprise Value (Cr.) 4339.087950.888261.7610630.805068.05
EV / Net Operating Revenue (X) 1.993.543.978.248.19
EV / EBITDA (X) 46.5538.7324.9758.81-299.53
MarketCap / Net Operating Revenue (X) 1.823.323.908.168.09
Retention Ratios (%) 0.0047.7358.1747.150.00
Price / BV (X) 6.4511.0112.6518.819.68
Price / Net Operating Revenue (X) 1.823.323.908.168.09
EarningsYield -0.010.010.010.01-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

VIP Industries Ltd. is a Public Limited Listed company incorporated on 27/01/1968 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25200MH1968PLC013914 and registration number is 013914. Currently Company is involved in the business activities of Manufacture of travel goods like suitcase, bags, holdalls etc.. Company's Total Operating Revenue is Rs. 2169.66 Cr. and Equity Capital is Rs. 28.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersDGP House, 5th Floor, Mumbai Maharashtra 400025Contact not found
Management
NamePosition Held
Mr. Dilip G PiramalChairman
Ms. Radhika PiramalExecutive Vice Chairperson
Ms. Neetu KashiramkaManaging Director
Mr. Ashish SahaExecutive Director
Mr. Tushar JaniIndependent Director
Ms. Payal KothariIndependent Director
Mr. Ramesh DamaniIndependent Director
Dr. Suresh SuranaIndependent Director

FAQ

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

As of 05 April 2026, VIP Industries Ltd's intrinsic value is ₹76.20, which is 75.89% lower than the current market price of ₹316.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.1 %), book value (₹32.6), dividend yield (0.00 %), and 5-year EPS CAGR.

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

VIP Industries Ltd is trading at ₹316.00 as of 05 April 2026, with a FY2026-2027 high of ₹492 and low of ₹248. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,492 Cr..

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

VIP Industries Ltd has a P/E ratio of , which is below the industry average of 39.62. This is broadly in line with or below the industry average.

Is VIP Industries Ltd financially healthy?

Key indicators for VIP Industries Ltd: ROCE of 1.50 % is on the lower side compared to the industry average of 12.76%. Dividend yield is 0.00 %.

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

VIP Industries Ltd reported a net profit of ₹-69 Cr in Mar 2025 on revenue of ₹2,178 Cr. Compared to ₹67 Cr in Mar 2022, the net profit shows a declining trend.

Does VIP Industries Ltd pay dividends?

VIP Industries Ltd has a dividend yield of 0.00 % at the current price of ₹316.00. 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 Industries 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
Explore Industry-wise Stock Analysis Reports