₹296.95
▼ -6.84 -2.25%
17 Jul 2026
NSE Listed · Plastic products
VIP Industries Ltd. (VIPIND)
Volume: 1,32,251Avg Vol 1W: 1,33,556Avg Vol 1M: 1,12,82952W Range:₹278.25₹492.3
Key Ratios
Checked just nowMarket Cap₹4,218 Cr
Current Price₹296.95
Previous Close₹303.79
High / Low (52w)₹492.3 / ₹278.25
Volume1,32,251
Avg Vol (1W)1,33,556
Avg Vol (1M)1,12,829
Stock P/E—
Book Value₹20.38
Dividend Yield0%
ROE-143.52%
ROA-21.07%
Revenue (TTM)—
Revenue Growth-2.96%
Profit Margin-18.19%
Total Debt₹0 Cr
Shares Outstanding14 Cr
Face Value₹2
EPS (TTM)₹0
P/B14.57
Debt / Equity1.25
50 DMA₹308.56
200 DMA₹320.02
Day change-2.25%
Price Chart
₹296.95▼ 21.82% · 1Y
2025-11-212026-07-16
20-day avg volume: 1.1L shares
Pros
- Company is almost debt-free.
Cons
- Company is loss-making at the latest annual result.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹639 Cr | ₹544 Cr | ₹501 Cr | ₹494 Cr | ₹561 Cr | ₹406 Cr | ₹454 Cr | ₹436 Cr |
| EBITDA | ₹22 Cr | ₹-29 Cr | ₹1 Cr | ₹-20 Cr | ₹-2 Cr | ₹-129 Cr | ₹-106 Cr | ₹-109 Cr |
| Net Profit | ₹4 Cr | ₹-33 Cr | ₹-12 Cr | ₹-27 Cr | ₹-13 Cr | ₹-143 Cr | ₹-53 Cr | ₹-129 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,419 Cr | ₹1,793 Cr | ₹1,727 Cr | ₹667 Cr | ₹1,326 Cr | ₹2,099 Cr | ₹2,257 Cr | ₹2,189 Cr |
| EBITDA | ₹190 Cr | ₹216 Cr | ₹220 Cr | ₹-95 Cr | ₹111 Cr | ₹257 Cr | ₹106 Cr | ₹-26 Cr |
| Net Profit | ₹127 Cr | ₹145 Cr | ₹112 Cr | ₹-97 Cr | ₹67 Cr | ₹152 Cr | ₹54 Cr | ₹-69 Cr |
| EPS | 8.97 | 10.28 | 7.91 | -6.9 | 4.71 | 10.72 | 3.82 | -4.83 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹773 Cr | ₹1,071 Cr | ₹1,244 Cr | ₹1,095 Cr | ₹1,230 Cr | ₹1,415 Cr | ₹2,067 Cr | ₹1,856 Cr |
| Total Liabilities | ₹284 Cr | ₹490 Cr | ₹634 Cr | ₹578 Cr | ₹671 Cr | ₹774 Cr | ₹1,389 Cr | ₹1,240 Cr |
| Equity | ₹489 Cr | ₹581 Cr | ₹610 Cr | ₹517 Cr | ₹560 Cr | ₹642 Cr | ₹678 Cr | ₹616 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹149 Cr | ₹17 Cr | ₹332 Cr | ₹88 Cr | ₹-15 Cr | ₹227 Cr | ₹-104 Cr | ₹296 Cr |
| Investing | ₹-29 Cr | ₹16 Cr | ₹-85 Cr | ₹-145 Cr | ₹146 Cr | ₹-84 Cr | ₹-76 Cr | ₹-47 Cr |
| Financing | ₹-44 Cr | ₹31 Cr | ₹-211 Cr | ₹74 Cr | ₹-126 Cr | ₹-75 Cr | ₹218 Cr | ₹-251 Cr |
| Free Cash Flow | ₹149 Cr | ₹17 Cr | ₹332 Cr | ₹88 Cr | ₹-15 Cr | ₹227 Cr | ₹-104 Cr | ₹296 Cr |
Shareholding
Promoter 42.35% Institutions 23.91% Public 33.74%
Efficiency & Working Capital
ROCE-33.6%
Interest Coverage-0.3
Dividend Payout—
Debtor Days62 d
Inventory Days117 d
Payable Days65 d
Cash Conversion Cycle114 d
Working Capital Days179 d
Shareholding Details
As of 2026-03-31
Promoter42.3%
FII7.1%
DII16.9%
Institutions23.9%
Public33.7%
Promoter Pledge0%
No. of Shareholders1,22,978
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51.3% | 51.2% | 51.8% | 51.8% | 51.7% | 51.7% | 51.7% | 51.7% | 51.7% | 49.7% | 42.3% | 42.3% |
| FIIs | 9% | 7.7% | 7.5% | 8.1% | 7.3% | 7.8% | 7.4% | 7.7% | 7.3% | 6.9% | 6.7% | 7.1% |
| DIIs | 20.8% | 13.7% | 12.7% | 12.7% | 13.8% | 12.3% | 13.3% | 12.7% | 13.8% | 16.1% | 17.4% | 16.9% |
| Public | 18.9% | 27.4% | 28% | 27.5% | 27.2% | 28.2% | 27.5% | 27.8% | 27.2% | 27.3% | 33.5% | 33.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 1,11,020 | 1,15,246 | 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 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Dgp Securities Limited | Shareholding of Promoter and Promoter Group | 17.1% | 2.43 Cr |
| Multiples Private Equity Gift Fund Iv | Shareholding of Promoter and Promoter Group | 12% | 1.71 Cr |
| Multiples Private Equity Fund Iv | Shareholding of Promoter and Promoter Group | 10.9% | 1.55 Cr |
| Samvibhag Securities Private Limited | Public Shareholding | 8.4% | 1.20 Cr |
| Sbi Flexicap Fund | Public Shareholding | 7.9% | 1.12 Cr |
| Tata Mutual Fund - Tata Small Cap Fund | Public Shareholding | 3.4% | 47,67,359 |
| Icici Prudential Multicap Fund | Public Shareholding | 1.9% | 26,72,845 |
| Dgp Enterprises Pvt Ltd | Shareholding of Promoter and Promoter Group | 1.4% | 19,63,664 |
| Hsbc Mutual Fund - Hsbc Value Fund | Public Shareholding | 1.1% | 15,50,763 |
| Dilip Gopikisan Piramal | Shareholding of Promoter and Promoter Group | 0.5% | 6,39,120 |
| Shalini Dilip Piramal | Shareholding of Promoter and Promoter Group | 0.2% | 3,33,500 |
| Radhika Dilip Piramal | Shareholding of Promoter and Promoter Group | 0.2% | 2,22,487 |
| Aparna Piramal Raje | Shareholding of Promoter and Promoter Group | 0.1% | 1,44,750 |
| Alcon Finance & Investments Private Limited (formerly Alcon Finance & Investments Limited) | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| Kemp And Company Ltd | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| Kiddy Plast Ltd | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| Piramal Vibhuti Investments Limited | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Dilip Gopikisan Piramal | 0 | 0% | 2026-03-31 |
| Shalini Dilip Piramal | 0 | 0% | 2026-03-31 |
| Aparna Piramal Raje | 0 | 0% | 2026-03-31 |
| Dgp Securities Limited | 0 | 0% | 2026-03-31 |
| Multiples Private Equity Gift Fund Iv | 0 | 0% | 2026-03-31 |
| Multiples Private Equity Fund Iv | 0 | 0% | 2026-03-31 |
| Dgp Enterprises Pvt Ltd | 0 | 0% | 2026-03-31 |
| Alcon Finance & Investments Private Limited (formerly Alcon Finance & Investments Limited) | 0 | 0% | 2026-03-31 |
| Kemp And Company Ltd | 0 | 0% | 2026-03-31 |
| Kiddy Plast Ltd | 0 | 0% | 2026-03-31 |
| Piramal Vibhuti Investments Limited | 0 | 0% | 2026-03-31 |
| Radhika Dilip Piramal | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Neetu Kashiramka | Managing Director | 2025 |
| Suresh Inderchand Surana | Independent Director | 2025 |
| Renuka Ramnath | Chairperson & Additional Director | 2025 |
| Sridhar Sankararaman | Additional Director | 2025 |
| Shalini Piramal | Additional Director | 2025 |
| R V Agarwal | Additional Director | 2025 |
| Dilip G Piramal | Chairman Emeritus | 2025 |
| SANJAY MAHESH PRASAD RASTOGI | Additional Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Luggage, Bags and Accessories | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹2,109 Cr | 97.2% |
| Outside India | ₹61 Cr | 2.8% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹2 | 49 | 28 | 28 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 306 | 0 | 0 | 16 | 22 | 345 |
| 2025 | 302 | 0 | 0 | 16 | 22 | 340 |
| 2025 | 4 | 0 | 0 | 0 | 1 | 5 |
Insider / Designated-Person Trades
30 recent disclosure(s)
Atul JainAcquisition · 3,143
Multiples Private Equity Fund IVAcquisition · 1,26,17,212
Alcon Finance & Investments LimitedDisposal · 27,97,175
Kiddy Plast LimitedDisposal · 22,26,362
Kemp and Company LimitedDisposal · 33,43,280
Piramal Vibhuti Investments LimitedDisposal · 1,45,59,843
Substantial Acquisitions (SAST)
10 disclosure(s)
Market24/12/2025 · 3,70,32,606
Market24/12/2025 · 1,45,59,843
Market24/12/2025 · 22,26,362
Market24/12/2025 · 33,43,280
Market24/12/2025 · 1,41,05,946
Market24/12/2025 · 27,97,175
Company Information
Incorporated1968
ChairmanDilip G Piramal
AuditorPrice Waterhouse Chartered Accountants LLP
Investor Email[email protected]; [email protected]
📍 5th Floor DGP House, 88-C Old Prabhadevi Road, Mumbai, Maharashtra, 400025
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