V.I.P. Industries Limited share price

V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. It offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. The company sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. It also exports its products. The company was incorporated in 1968 and is based in Mumbai, India.Read more

Website NSE हिंदी में BSE

Consumer DurablesFootwear & AccessoriesNifty Microcap 250NSE: VIPINDISIN INE054A01027

16 Oct 2026, 3:29 PM IST₹269.75▼ 1.10 (0.41%)

Market Cap₹ 3,832 Cr.
Current Price₹ 269.75
High / Low₹ 447 / 266
Stock P/E—
Book Value₹ 15
Dividend Yield0.00 %
ROCE-50.6 %
ROE-74.60 %
Face Value₹ 2.0

More figures (10)

EPS (TTM)₹ -27.65
Price / Book18.36
OPM-19.4 %
Debt / Equity2.55
Sales growth (5Y)24.6 %
Profit growth (5Y)—
Promoter holding12.2 %
EV / EBITDA-12.6
Beta0.09
All-time high₹ 775

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
VIPIND	-9.37%	-9.16%	-16.23%	-29.48%	-36.96%	-25.99%	-13.99%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

V.I.P. Industries Limited is in the Footwear & Accessories industry (Consumer Cyclical), with a market value of ₹3,832 crore.
Revenue grew 24.6% a year over the last 5 years.
Return on equity was -74.6% and return on capital employed -50.6% in the latest year.
Debt was 2.55 times shareholders' equity.
The share price is 39.7% below its 52-week high and down 37.0% over one year.
Promoters and insiders hold about 12.2%; institutions about 39.6%.

Pros

Sales have grown 24.6% a year over the last 5 years.

Cons

Return on equity has been low: -25.7% on average over the last 3 years.
Borrowings are high at 2.55 times shareholders' equity.
Interest cover is thin: operating earnings are -5.5 times the interest cost.
Promoter holding has fallen by 9.41 points over 3 years, to 42.35%.
Trades at 18.4 times its book value.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About V.I.P. Industries Limited

Employees: 4,453
Head office: Mumbai
NSE industry: Consumer Durables

Consumer CyclicalConsumer DurablesFootwear & Accessories

Part ofNifty Microcap 250

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	V.I.P. Industries	269.75	—	3,832	0.00	-54	—	578	3.02	-50.6	-74.6	18.36	-19.4	2.55	12.20	1,858	24.6
2.	Bata India	638.65	56.2	8,208	5.52	64	39.35	979	24.20	11.2	8.5	5.14	9.4	0.87	50.47	3,514	0.6
3.	Bhartiya International	1,053.35	54.9	1,413	0.00	18	218.16	373	33.16	12.4	2.9	2.86	10.6	1.12	78.37	1,358	19.0
4.	Khadim India	118.02	78.2	217	0.00	1	-38.66	78	-18.66	10.7	1.5	1.30	7.4	1.49	62.85	367	-17.3
	Median: 4 Co.	454.20	56.2	2,622	0.00	9	39.35	476	13.61	11.0	2.2	4.00	8.4	1.31	56.66	1,608	9.8

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	636	546	546	516	639	544	501	494	561	406	454	436	578
YOY Sales Growth %	7.71%	6.09%	3.80%	14.59%	0.43%	-0.34%	-8.30%	-4.28%	-12.12%	-25.34%	-9.37%	-11.73%	3.02%
	556	493	494	508	590	546	472	488	537	513	531	518	589
Material Cost %	51%	44%	44%	50%	56%	55%	53%	53%	55%	69%	71%	63%	59%
Employee Cost %	10%	12%	13%	13%	9%	11%	11%	11%	10%	13%	12%	13%	11%
Other Expenses %	26%	34%	34%	35%	27%	35%	30%	35%	31%	44%	34%	44%	32%
Operating Profit	81	53	52	8	49	-2	29	7	25	-106	-77	-82	-11
OPM %	13%	10%	10%	2%	8%	0%	6%	1%	4%	-26%	-17%	-19%	-2%
	3	3	3	4	2	3	2	4	5	11	3	4	4
Exceptional items	26					4		4	2	4	71	1
Interest	11	12	15	17	18	20	18	17	17	18	16	20	16
Depreciation	21	24	27	28	29	30	30	30	32	33	32	31	31
Profit before tax	77	19	13	-33	4	-46	-17	-33	-17	-142	-50	-129	-55
	25%	31%	46%		-9%
Current tax	17	4	4	-7	4	-4	-0	4	1	1	2	-1	0
Deferred tax	2	2	2	-3	-5	-8	-4	-9	-5	0	1	1	-1
	58	13	7	-24	4	-33	-12	-27	-13	-143	-53	-129	-54
Profit to shareholders	58	13	7	-24	4	-33	-12	-27	-13	-143	-53	-129	-54
YOY Profit Growth %	-16.43%	-69.40%	-83.79%		-93.00%	-348.87%	-273.71%		-424.26%
EPS in Rs	4.08	0.94	0.50	-1.68	0.28	-2.32	-0.88	-1.92	-0.92	-10.08	-3.72	-9.07	-3.77
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	622	538	541	515	638	544	500	488	561	404	453	431	570
YOY Sales Growth %	10.48%	7.05%	5.21%	17.00%	2.46%	1.09%	-7.48%	-5.15%	-11.98%	-25.69%	-9.38%	-11.78%	1.50%
	564	514	516	494	591	553	482	492	548	509	515	529	590
Material Cost %	58%	56%	56%	56%	61%	61%	59%	60%	61%	75%	72%	71%	65%
Employee Cost %	7%	8%	8%	8%	6%	7%	8%	8%	7%	9%	9%	9%	8%
Other Expenses %	25%	32%	32%	32%	26%	34%	29%	33%	30%	43%	33%	43%	31%
Operating Profit	58	24	24	20	46	-9	18	-4	13	-105	-62	-98	-20
OPM %	9%	5%	4%	4%	7%	-2%	4%	-1%	2%	-26%	-14%	-23%	-4%
	3	3	6	4	2	3	3	7	6	14	5	6	5
Exceptional items	26								-5		68	1
Interest	9	11	14	15	17	19	17	16	16	16	16	19	15
Depreciation	17	20	23	24	26	26	27	28	29	30	29	28	29
Profit before tax	61	-3	-6	-15	6	-51	-22	-40	-31	-138	-35	-139	-59
	25%				25%
Current tax	15	-0	-0	-5	4	-4
Deferred tax	0	-1	-1	0	-3	-8	-5	-10	-8	1	3	3	0
	46	-2	-5	-11	4	-39	-17	-31	-23	-139	-38	-142	-59
YOY Profit Growth %	-44.59%	-107.54%	-108.49%		-90.31%				-624.27%
EPS in Rs	3.24	-0.17	-0.35	-0.75	0.31	-2.71	-1.19	-2.14	-1.64	-9.79	-2.69	-10.02	-4.19
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,416	1,416	1,785	1,718	619	1,290	2,082	2,245	2,178	1,858	1,875
YOY Sales Growth %			26.01%	-3.72%	-64.00%	108.47%	61.48%	7.81%	-2.96%	-14.70%
	1,223	1,223	1,560	1,427	684	1,145	1,769	2,051	2,096	2,099	2,152
Material Cost %	50%	50%	51%	47%	59%	50%	49%	47%	54%	64%	65%
Employee Cost %	11%	11%	11%	12%	22%	15%	11%	12%	10%	12%	12%
Other Expenses %	25%	25%	25%	24%	29%	24%	25%	32%	31%	37%	38%
Operating Profit	193	193	225	291	-65	144	314	194	82	-241	-277
OPM %	14%	14%	13%	17%	-11%	11%	15%	9%	4%	-13%	-15%
	9	9	8	13	48	36	17	12	11	22	22
Exceptional items				-49			-32	26	8	78	76
Interest	0	0	1	23	30	25	28	55	73	70	70
Depreciation	13	13	17	84	78	70	74	99	119	127	127
Profit before tax	190	190	215	148	-125	86	197	77	-91	-338	-376
	33%	33%	32%	25%		22%	22%	29%
Current tax	62	62	70	38	0	7	53	18	4	3
Deferred tax	0	0	0	-2	-27	12	-9	4	-26	-3
	127	127	145	112	-97	67	152	54	-69	-338	-378
Profit to shareholders				114	-97	67	152	54	-69	-338	-378
YOY Profit Growth %			14.61%	-23.09%	-187.25%		127.61%	-64.36%	-226.69%
EPS in Rs	8.97	8.97	10.28	7.91	-6.90	4.73	10.76	3.84	-4.84	-23.79	-26.64
Dividend Payout %							42%	53%

Compounded Sales Growth

5 Years:: 25%
3 Years:: -4%
TTM:: -11%

Stock Price CAGR

5 Years:: -14%
3 Years:: -26%
1 Year:: -37%

Return on Equity

4 Years:: -13%
Last Year:: -75%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,416	1,416	1,784	1,714	613	1,257	2,020	2,216	2,170	1,849	1,857
YOY Sales Growth %			25.99%	-3.95%	-64.22%	105.01%	60.64%	9.70%	-2.07%	-14.78%
	1,236	1,236	1,583	1,472	690	1,140	1,842	2,088	2,117	2,101	2,143
Material Cost %	52%	52%	54%	52%	66%	58%	59%	56%	60%	69%	70%
Employee Cost %	11%	11%	10%	10%	18%	11%	8%	8%	7%	8%	8%
Other Expenses %	25%	25%	25%	23%	28%	22%	23%	30%	30%	36%	37%
Operating Profit	180	180	201	242	-77	117	178	127	53	-252	-286
OPM %	13%	13%	11%	14%	-13%	9%	9%	6%	2%	-14%	-15%
	10	10	10	24	59	47	82	16	15	30	30
Exceptional items				-49			15	26		63	68
Interest	0	0	1	22	28	22	24	49	69	67	67
Depreciation	11	11	13	75	67	58	58	83	106	117	116
Profit before tax	179	179	197	121	-113	84	193	36	-107	-343	-371
	34%	34%	34%	27%		24%	17%	23%
Current tax	61	61	68	37	-0	5	40	10
Deferred tax	0	0	-0	-4	-28	15	-8	-1	-26	0
	119	119	129	89	-85	64	161	28	-81	-343	-379
YOY Profit Growth %			8.64%	-31.12%	-195.27%		152.52%	-82.59%	-390.51%
EPS in Rs	8.39	8.39	9.11	6.28	-5.98	4.51	11.37	1.97	-5.73	-24.14	-26.69
Dividend Payout %							40%	103%

Compounded Sales Growth

5 Years:: 25%
3 Years:: -3%
TTM:: -11%

Stock Price CAGR

5 Years:: -14%
3 Years:: -26%
1 Year:: -37%

Return on Equity

4 Years:: -13%
Last Year:: -75%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	28	28	28	28
Reserves	613	650	588	261
	352	871	751	738
Short term borrowings	181	533	415	411
	421	517	489	577
Trade payables	302	407	386	449
Current liabilities	626	1,090	949	1,033
Total Liabilities	1,415	2,067	1,856	1,604
	320	541	523	517
Gross block	531	828	903	985
Accumulated depreciation	211	287	380	469
Goodwill & intangibles	2	3	2	1
CWIP	15	13	23	15
	1,081	1,512	1,311	1,072
Inventories	587	916	698	472
Trade receivables	255	328	368	271
Cash & equivalents	33	43	38	32
Current assets	1,012	1,432	1,212	971
Total Assets	1,415	2,067	1,856	1,604

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	175	-132	292	181
Profit for the year	152	54	-69	-338
Working capital changes	-96	-339	190	379
Direct taxes paid	-52	-28	-4	-2
	-84	-76	-46	-48
Fixed assets purchased	-107	-100	-43	-48
Fixed assets sold	1	1	2	72
Investments purchased			-6	-73
Investments sold	20	23
	-75	218	-251	-139
Proceeds from borrowings	58	352
Interest paid	-30	-55	-73	-70
Dividends paid	-64	-29	-1	-0
Net Cash Flow	16	10	-5	-6
Free Cash Flow	68	-232	249	133

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	23.7%	8.2%	-10.6%	-74.6%
ROCE	28.1%	12.6%	-3.9%	-50.6%
Operating margin	12.3%	4.6%	-0.9%	-19.4%
Net margin	7.3%	2.4%	-3.2%	-18.3%
Debt / equity	0.55	1.29	1.22	2.55
Current ratio	1.62	1.31	1.28	0.94
Debtor days	45	53	62	53
Inventory days	202	301	207	140
Days payable	104	134	115	133
Cash conversion cycle	143	220	154	60
Working capital days	68	56	44	-12

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 42.35%
FIIs 4.65%
DIIs 16.55%
Public 36.45%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	51.76%	51.76%	51.75%	51.74%	51.73%	51.73%	51.73%	49.73%	42.35%	42.35%	42.35%	42.35%
	7.49%	8.08%	7.32%	7.81%	7.44%	7.68%	7.27%	6.95%	6.72%	7.05%	5.17%	4.65%
Foreign portfolio investors (Cat. I)	6.88%	7.23%	6.10%	6.31%	6.40%	6.50%	6.20%	5.80%	5.79%	6.10%	4.15%	3.71%
Foreign portfolio investors (Cat. II)	0.61%	0.83%	1.22%	1.51%	1.03%	1.18%	1.07%	1.15%	0.93%	0.95%	1.02%	0.95%
	12.84%	12.69%	13.76%	12.26%	13.30%	12.75%	13.78%	16.05%	17.41%	16.86%	16.63%	16.55%
Mutual funds	10.06%	9.29%	9.95%	9.01%	9.79%	11.12%	12.53%	13.99%	14.78%	14.42%	14.55%	13.52%
Insurance companies	2.66%	3.26%	3.26%	2.42%	2.31%	1.53%	0.62%	0.30%	0.33%	0.40%	0.40%	0.40%
Banks	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Alternative investment funds	0.09%	0.12%	0.54%	0.82%	1.18%	0.04%	0.60%	1.74%	2.28%	2.02%	1.65%	2.59%
	27.91%	27.48%	27.17%	28.19%	27.54%	27.84%	27.22%	27.27%	33.52%	33.74%	35.86%	36.45%
Retail (up to ₹2 lakh)	17.82%	18.53%	18.57%	19.10%	19.33%	19.40%	18.64%	17.50%	16.98%	16.95%	17.86%	18.58%
HNIs (above ₹2 lakh)	2.01%	1.43%	1.85%	1.04%	0.99%	1.32%	1.13%	0.96%	1.90%	1.83%	2.07%	2.09%
NRIs	1.30%	1.39%	1.15%	1.29%	1.31%	1.32%	1.42%	1.36%	1.28%	1.33%	1.25%	1.21%
Bodies corporate	4.01%	3.42%	3.03%	4.00%	3.25%	3.14%	3.29%	4.49%	10.77%	11.06%	11.86%	12.00%
IEPF	1.28%	1.28%	1.32%	1.34%	1.35%	1.38%	1.37%	1.37%	1.39%	1.38%	1.39%	1.39%
No. of Shareholders	1,28,729	1,40,875	1,42,146	1,39,125	1,40,689	1,41,217	1,37,162	1,29,330	1,27,663	1,22,978	1,21,764	1,19,955

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding V.I.P. Industries

Holder (above 1%)	Stake
SBI FLEXICAP FUNDMutual fund	6.78%
Tata Small Cap FundMutual fund	3.36%
Alternate Investment FundsAIF	2.59%
ICICI PRUDENTIAL SMALLCAP FUNDMutual fund · see the fund house	2.14%
HSBC Value FundMutual fund	1.09%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 13.52% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 7 Feb 2024
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

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Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about V.I.P. Industries Limited

What is the share price of V.I.P. Industries Limited today?

V.I.P. Industries Limited (VIPIND) last traded at ₹269.75 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of V.I.P. Industries Limited?

About ₹3,832 crore at the latest price.

What is the P/E ratio of V.I.P. Industries Limited?

The P/E is not available (for example when earnings are negative).

Is V.I.P. Industries Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy V.I.P. Industries Limited shares?

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Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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V.I.P. Industries Limited share price

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