V

V.I.P. Industries Limited

VIPIND
Market snapshot · 2026-08-12 15:31 UTC

310.25

₹-6.65 (-2.10%)

MARKET CAP

₹4.41K Cr

STOCK P/E

52W HIGH

₹454.30

52W LOW

₹278.25

BOOK VALUE

₹32.67

EPS

₹-23.80

ROE

-89.14%

SECTOR

Consumer Discretionary

DEBT/EQUITY

335.61

VOLUME

1.12L

P/B RATIO

9.50x

PEG RATIO

Sector

Consumer Discretionary

Themes

Apparel & Accessories
E
Earnings
₹449.95₹411.31₹372.67₹334.04₹295.40VolumeEEEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

V.I.P. Industries is a consumer accessories company manufacturing and retailing luggage, backpacks, handbags, and related accessories. Hard and soft luggage anchor sales, while backpacks, duffle bags, business satchels, and ladies’ handbags broaden the portfolio. VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat products reach customers through exclusive outlets, e-commerce, and exports. No major recent development provides a clear catalyst for revenue recovery or margin improvement. Revenue declined 14.5% year on year, while profit fell 391.4%, indicating severe earnings deterioration alongside declining margins. ROE is negative at -89.1%, and debt/equity of 335.61 indicates extreme leverage, magnifying pressure on shareholder returns. P/E is unavailable because earnings are negative, preventing conventional valuation comparison. The investment case therefore appears difficult to assess, with recovery dependent on reversing sales declines, restoring margins, and reducing leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for VIPIND.

6.00 analysts

Price Forecast

Current
₹310.25
High Target
₹430.00
▲ +38.6%
Median Target
₹292.50
▼ -5.7%
Low Target
₹200.00
▼ -35.5%
Now₹310.25High ₹430.00Median ₹292.50Low ₹200.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
6 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹233.87 - ₹374.4980%
6M₹202.35 - ₹393.8080%
12M₹160.40 - ₹411.2980%
Realized vol: +36.7% · Drift: -12.1%

Revenue Forecast

₹ Cr
Dec '25Current₹453.0
Sep 2026 ETrend estimate range
High₹367.7Base₹340.4Low₹313.2
Mar '25: ₹488.0 · Jun '25: ₹561.0 · Sep '25: ₹404.0 · Dec '25: ₹453.0 · Sep '26: ₹340.4 · Dec '26: ₹381.7
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E488.0561.0404.0453.0340.4381.7
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹-2.69
Sep 2026 ETrend estimate range
High₹-7.68Base₹-6.85Low₹-6.03
Mar '25: ₹-2.14 · Jun '25: ₹-1.64 · Sep '25: ₹-9.79 · Dec '25: ₹-2.69 · Sep '26: ₹-6.85 · Dec '26: ₹-1.88
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E-2.14-1.64-9.79-2.69-6.85-1.88
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
42%
Analyst Consensus
Unavailable

From 6 analysts

Mean upside-2.9%

Fundamentals

Weakening

Fundamentals institutional score is 5 using EVA spread proxy -101.1%; growth durability 12.0.

Valuation

Attractive relative to peers

Valuation institutional score is 93 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 14 using mean target upside -2.9%; dispersion penalty 30; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 59 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. valuation provide support, while fundamentals and analyst consensus remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price301.2 target
Mean Upside-2.9%
Technical Score59%
Fundamental Score5%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/S
Strongly Undervalued

5Y Average

3.88

Current

2.37

Overvalued

4.46

Undervalued

3.30

P/B
Strongly Undervalued

5Y Average

11.54

Current

9.50

Overvalued

14.54

Undervalued

9.66

Peers & Comparison

Sector: Consumer Discretionary · Theme: Apparel & Accessories

Apparel & Accessories Peers5 peers
Avg P/E: 43.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ARVIND LIMITED
ARVINDApparel & Accessories
+15.0%4.4%
35.9x
Undervalued
-17% vs avg
+94.6%
SAFARI IND (INDIA) LTD
SAFARIApparel & Accessories
+11.5%7.8%
44.2x
Fair
+2% vs avg
-26.7%
CAMPUS ACTIVEWEAR LIMITED
CAMPUSApparel & Accessories
+12.2%8.5%
43.5x
Fair
0% vs avg
-16.1%
GOKALDAS EXPORTS LTD.
GOKEXApparel & Accessories
+5.3%2.5%
57.2x
Premium
+31% vs avg
+11.6%
PEARL GLOBAL IND LIMITED
PGILApparel & Accessories
+24.5%5.8%
36.9x
Fair
-15% vs avg
+95.0%
WHY THESE PEERS

VIP INDUSTRIES LTD is compared against the Apparel & Accessories cohort. Peers include ARVIND LIMITED, SAFARI IND (INDIA) LTD, CAMPUS ACTIVEWEAR LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹453 CrDec 2025

Latest net profit

₹-106 CrDec 2025

Latest EPS

₹-2.69Dec 2025

Net margin

-20.2%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26-36.0%-27.0%-18.0%-9.0%0.0%-200 Cr0.00 Cr200 Cr400 Cr600 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr150 Cr300 Cr450 Cr600 Cr₹-12₹-9₹-6₹-3₹0
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit-200 Cr0.00 Cr200 Cr400 Cr600 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-200 Cr0.00 Cr200 Cr400 Cr600 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales440622538541515638544500488561404453
Expenses428564514516494591553482492548509515
Operating Profit-3.2541.444.661.74-3.9120.8-34.81-8.87-31.22-15.97-135-91.47
OPM %-0.74%6.66%0.87%0.32%-0.76%3.26%-6.4%-1.77%-6.4%-2.85%-33.5%-20.18%
Other Income2.832.955.84.162.342.883.2175.6614.234.79
Interest6.819.2510.9313.7415.3517.2218.8716.5115.9615.616.4915.63
Depreciation15.2716.7819.8322.5324.3525.5526.226.8127.5528.9930.3129.25
Profit before tax-10.0635.02-3.32-6.2-15.15.92-50.8-22.17-40.18-25.91-138-102
Tax %-12.72%42.55%21.69%15.16%-0.46%24.83%15.47%24.04%24.07%29.53%-1%-3.37%
Net Profit-11.3420.12-2.6-5.26-15.174.45-42.94-16.84-30.51-18.26-139-106
EPS in Rs-0.803.24-0.17-0.35-0.750.31-2.71-1.19-2.14-1.64-9.79-2.69

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.74%49.74%42.35%42.35%42.35%
FII7.27%6.95%6.73%7.06%5.17%
DII13.78%16.06%17.42%16.87%16.63%
Public27.22%27.27%33.51%33.74%35.85%
Jun 2026
Promoters
FII
DII
Public