VIP Industries

VIP Industries

426.00
+4.25
(1.01%)
hide
Key Fundamentals
Add Ratio
Market Cap
5,990.70 Cr
EPS
-4.84
PE Ratio
182.09
Dividend Yield
0.00 %
52 Week High
564.00
52 Week Low
248.35
PB Ratio
9.82
Debt to Equity
1.25
Analyst Rating and Forecast
- By Refinitiv from12 analysts
SELL
Analysts have suggested that investors can sell this stock
Buy
Buy+25.00 %
+25.00 %
Hold
Hold+33.33 %
+33.33 %
Sell
Sell+41.67 %
+41.67 %
Forecast For
Actual

Company News

View All News
Caret
neutral
Promoters of VIP Industries sold a 6.2% stake through a block deal worth ₹343 crore. Piramal Vibhuti Investments and Kiddy Plast offloaded 88.4 lakh shares at ₹388.2 per share. Multiples Private Equity Fund acquired 60 lakh shares for ₹233 crore, while Samvibhag Securities bought 22 lakh shares for ₹86 crore. This follows a major July transaction where a consortium including Multiples Private Equity Fund IV, Samvibhag Securities, and Mithun and Siddhartha Sacheti acquired a 32% stake from promoters. The consortium announced a mandatory open offer for an additional 26% stake, spending ₹1,437 crore to buy up to 3.7 crore shares at ₹388 each, bringing the total transaction value for a 58% stake to ₹3,200 crore. The company also announced leadership changes with managing director Neetu Kashiramka's resignation effective from September 23, though she will continue until October 31, 2025. Atul Jain has been appointed as the new managing director for a five-year term starting September 23. VIP Industries shares closed 3.7% lower at ₹410.35.
neutral
VIP Industries' Board of Directors appointed Atul Jain as Managing Director for a five-year term starting September 23, 2025, subject to shareholder approval. Neetu Kashiramka resigned from her Managing Director position effective from the close of the board meeting, though she will remain employed with the company until October 31, 2025. Her resignation is linked to an acquisition by Multiples Group. Jain, an alumnus of IIT-Delhi and IIM-Calcutta, previously served as Senior Director at Samsung Electronics global headquarters in South Korea and held roles at companies including Aptech Ltd., Coca-Cola, Godfrey Phillips India Ltd., and Bharti Airtel. He is not related to any current directors of the company and has been authorized to determine materiality of events for stock exchange disclosures.
neutral
VIP Industries announced major board changes following the acquisition of management control by Multiples Group. The company appointed Ms. Renuka Ramnath as Additional Director and Chairperson, along with three other directors: Mr. Sridhar Sankararaman, Ms. Shalini D. Piramal, and Mr. Rajendra Agarwal as Additional Directors. Simultaneously, four directors resigned including Chairman Mr. Dilip Piramal, Vice-Chairperson Ms. Radhika Piramal, Executive Director Mr. Ashish Saha, and Independent Director Mr. Ramesh Damani. Mr. Dilip Piramal was appointed as Chairman Emeritus on an honorary basis for life. The changes took effect on September 23, 2025, as Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV gained the right to nominate majority directors and acquired control of the company. The board restructuring follows a Share Purchase Agreement and Shareholders' Agreement that received Competition Commission of India approval on August 26, 2025.
View more
Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
2,268.40
#1 11,065.00
74.48
1,800.00
15.07
#1 143
18.82
63.39
426.00
#2 5,990.70
#10 182.09
#2 2,189.30
#9 -2.99
#10 -69
#9 -427.50
47.89
1,571.20
2,340.20
22.61
#1 3,324.40
3.58
107
-78.43
51.14
249.95
591.80
48.16
120.50
1.60
13
-33.33
28.84
480.00
579.60
9.72
392.50
6.80
57
166.67
37.97
9.30
357.10
40.70
119.90
#1 35.63
6
0.00
53.80
13.21
305.70
60.05
100.80
3.60
5
-35.74
37.43
148.44
195.50
54.98
82.90
-14.89
3
#1 350.00
52.25
138.50
151.60
#1 9.17
194.10
5.26
18
-35.19
49.18
121.16
117.80
113.38
72.60
27.19
1
-21.90
42.15

Automatic Screeners on ScanX

Growth Rate
Revenue Growth
-2.99 %
Net Income Growth
-226.70 %
Cash Flow Change
321.85 %
ROE
-239.33 %
ROCE
-114.70 %
EBITDA Margin (Avg.)
-53.19 %

Quarterly Financial Results

Quarterly Financials
Mar 2015
Jun 2015
Sept 2015
Dec 2015
Mar 2016
Jun 2016
Sept 2016
Dec 2016
Mar 2017
Jun 2017
Sept 2017
Dec 2017
Mar 2018
Jun 2018
Sept 2018
Dec 2018
Mar 2019
Jun 2019
Sept 2019
Dec 2019
Mar 2020
Jun 2020
Sept 2020
Dec 2020
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Revenue
245
354
295
291
276
368
283
303
305
402
312
340
365
519
404
433
437
567
415
432
316
58
108
243
259
221
337
407
362
613
520
529
455
665
549
549
520
641
551
504
502
568
Expenses
231
314
268
273
254
317
254
275
273
339
273
297
308
422
351
392
395
488
345
362
278
96
125
224
240
193
288
340
323
488
443
453
434
556
493
494
509
590
546
473
488
537
EBITDA
14
40
27
18
23
51
30
27
32
64
39
43
57
98
53
41
42
79
70
70
39
-38
-17
18
20
27
49
67
38
125
77
76
22
109
56
55
12
51
4
31
15
31
Operating Profit %
5 %
11 %
9 %
6 %
8 %
14 %
9 %
9 %
10 %
15 %
12 %
12 %
15 %
19 %
13 %
9 %
9 %
14 %
16 %
16 %
11 %
-138 %
-22 %
4 %
1 %
6 %
13 %
14 %
9 %
17 %
14 %
14 %
4 %
13 %
10 %
10 %
2 %
8 %
-0 %
6 %
1 %
4 %
Depreciation
3
4
4
4
3
4
3
3
3
3
3
3
4
4
4
4
5
19
22
22
23
23
19
18
18
18
18
17
17
18
18
18
20
21
24
27
28
29
30
30
30
32
Interest
1
1
1
0
0
0
0
0
0
0
0
0
0
0
0
1
1
5
7
6
5
7
8
8
7
7
7
5
5
7
7
7
8
11
12
15
17
19
20
18
17
17
Profit Before Tax
12
37
24
15
19
47
27
24
28
61
36
40
53
94
49
35
36
55
41
43
10
-67
-44
-8
-6
2
25
44
16
100
52
51
-6
77
19
13
-33
4
-46
-17
-33
-17
Tax
2
11
6
5
6
16
8
8
9
20
13
13
18
31
16
12
11
20
8
8
1
-16
-8
-1
-2
-1
6
10
4
31
9
7
-2
20
6
6
-9
-0
-13
-4
-5
-4
Net Profit
10
26
18
10
13
31
19
16
19
41
24
27
35
63
33
24
25
35
33
34
10
-51
-35
-7
-4
3
19
34
12
69
43
44
-4
58
13
7
-24
4
-33
-12
-27
-13
EPS in ₹
0.73
1.81
1.24
0.74
0.91
2.22
1.32
1.13
1.35
2.90
1.69
1.90
2.48
4.48
2.32
1.69
1.79
2.48
2.33
2.42
0.67
-3.63
-2.49
-0.51
-0.27
0.18
1.31
2.37
0.87
4.88
3.07
3.11
-0.30
4.08
0.94
0.50
-1.68
0.28
-2.32
-0.88
-1.92
-0.92

Balance Sheet

Balance Sheet
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Total Assets
499
585
609
773
1,071
1,244
1,095
1,230
1,415
2,067
1,856
Fixed Assets
71
67
61
77
117
371
288
265
309
532
507
Current Assets
395
489
520
659
907
828
738
900
1,012
1,432
1,212
Capital Work in Progress
1
1
1
3
6
3
2
8
15
14
18
Investments
0
0
68
72
1
41
141
42
24
3
6
Other Assets
427
517
479
621
948
830
664
916
1,067
1,518
1,326
Total Liabilities
499
585
609
773
1,071
1,244
1,095
1,230
1,415
2,067
1,856
Current Liabilities
189
239
192
272
475
438
402
517
626
1,090
949
Non Current Liabilities
5
7
9
12
14
196
176
154
148
299
292
Total Equity
306
339
408
489
581
610
517
560
642
678
616
Reserve & Surplus
278
311
380
461
553
582
489
531
613
650
588
Share Capital
28
28
28
28
28
28
28
28
28
28
28

Cash Flow

Cash Flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Net Cash Flow
-3
0
2
13
-9
-4
14
-3
16
10
-5
Investing Activities
-3
-8
-73
-29
16
-85
-145
146
-85
-76
-47
Operating Activities
14
53
127
85
-56
292
85
-24
175
-132
292
Financing Activities
-14
-45
-52
-44
31
-211
74
-126
-75
218
-251

Share Holding

% Holding
Mar 2021
Jun 2021
Sept 2021
Dec 2021
Mar 2022
Jun 2022
Sept 2022
Dec 2022
Mar 2023
Jun 2023
Sept 2023
Dec 2023
Mar 2024
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Promoter
53.46 %
53.46 %
50.28 %
50.27 %
50.38 %
50.79 %
51.33 %
51.32 %
51.30 %
51.29 %
51.22 %
51.76 %
51.76 %
51.75 %
51.74 %
51.73 %
51.73 %
51.73 %
FIIs
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
8.08 %
7.32 %
7.81 %
7.44 %
7.68 %
7.27 %
DIIs
16.72 %
20.47 %
21.48 %
21.86 %
19.59 %
18.99 %
18.31 %
19.87 %
20.89 %
20.82 %
13.68 %
12.72 %
12.69 %
13.76 %
12.26 %
13.30 %
12.75 %
13.78 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
20.77 %
17.09 %
16.49 %
15.16 %
14.59 %
14.25 %
13.46 %
13.64 %
13.01 %
13.42 %
18.46 %
19.83 %
19.95 %
20.43 %
20.14 %
20.32 %
20.72 %
19.77 %
Others
9.05 %
8.99 %
11.74 %
12.72 %
15.44 %
15.96 %
16.91 %
15.17 %
14.79 %
14.47 %
16.64 %
15.69 %
7.52 %
6.74 %
8.05 %
7.22 %
7.13 %
7.45 %
No of Share Holders
1,20,560
1,13,290
1,18,092
1,10,796
1,08,019
1,10,971
1,08,985
1,14,418
1,10,816
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

Dividend History

Annual Cash Flows 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Dividend Per Share (₹) 0.00 2.4 3 3.2 3.2 0.00 2.5 4.5 2 0.00
Dividend Yield (%) 0.00 0.75 0.62 1.33 0.9 0.00 0.43 0.86 0.72 0.00

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
09 Mar 2022 DIVIDEND Dividend
₹ 2.50 /share
08 Mar 2022 639.75 627.20
04 Nov 2022 DIVIDEND Dividend
₹ 2.50 /share
03 Nov 2022 689.20 729.80
02 Feb 2023 DIVIDEND Dividend
₹ 2.00 /share
02 Feb 2023 705.90 686.55
07 Feb 2024 DIVIDEND Dividend
₹ 2.00 /share
07 Feb 2024 547.60 546.40
06 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
06 Aug 2024 533.70 449.70
23 Oct 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
23 Oct 2024 524.35 481.95
28 Jan 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
28 Jan 2025 407.25 375.85
13 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
13 May 2025 305.05 343.95
06 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
06 Aug 2025 460.85 446.75
10 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
10 Sept 2025 424.95 438.65

Announcements

Intimation Of Resignation Letters Received From Directors In Terms Of Regulation 30 Of SEBI (Listing Obligations And Disclosures Requirements) Regulations 20159 days ago
Closure of Trading Window9 days ago
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Sep 27, 2025
Disclosures under Reg. 18(6) of SEBI (SAST) Regulations 2011Sep 27, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Sep 27, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 26, 2025
Disclosure Under Regulation 30 SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Read With Para A Sub Para (7B) Of Part A Of Schedule III Sep 25, 2025
Disclosure Of Events Or Information Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015Sep 24, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On 23Rd September 2025Sep 23, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On 23Rd September2025Sep 23, 2025
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of AssociationSep 10, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 10, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 10, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Reg. 34 (1) Annual Report.Sep 01, 2025
Corrigendum To The Annual Report For The Financial Year 2024-25Sep 01, 2025
Disclosure In Terms Of Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 19, 2025
Notice Convening The 58Th Annual General Meeting Of VIP Industries Limited For The Financial Year 2024-25Aug 19, 2025
Reg. 34 (1) Annual Report.Aug 19, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 18, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 07, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Un-Audited Financials Results For The Quarter Ended June 30 2025Aug 06, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On August 06 2025Aug 06, 2025
Disclosure Of Events Or Information Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 06, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 - Disclosure Of Outcome Of LitigationAug 05, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 04, 2025
Board Meeting Intimation for Approval Of Un-Audited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2025Jul 30, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 30, 2025
Draft Letter of OfferJul 25, 2025
Announcement under Regulation 30 (LODR)-CessationJul 23, 2025
Announcement under Regulation 30 (LODR)-Change in ManagementJul 22, 2025
Detailed Public StatementJul 18, 2025
Open Offer - Public AnnouncementJul 14, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJul 14, 2025
Announcement under Regulation 30 (LODR)-Public Announcement-Open OfferJul 14, 2025
Disclosure under Regulation 30A of LODRJul 13, 2025
Rumour verification - Regulation 30(11)Jul 11, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 11, 2025
Clarification sought from VIP Industries LtdJul 11, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 - Disclosure Of Outcome Of LitigationJul 02, 2025
Closure of Trading WindowJun 26, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJun 14, 2025
Clarification With Reference To Movement In VolumeJun 12, 2025
Clarification sought from VIP Industries LtdJun 12, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
SBI Flexicap Fund Direct-Growth
0.00%
-4836000
-0.92%
-0.98%
Tata Small Cap Fund Direct - Growth
0.00%
-4692204
-1.72%
-1.69%
SBI Multicap Fund Direct - Growth
0.00%
-3031256
-0.57%
-0.61%
SBI Multi Asset Allocation Fund Direct-Growth
0.00%
-1374277
-0.59%
-0.65%
SBI Equity Savings Fund Direct-Growth
0.00%
-733493
-0.54%
-0.57%
Bajaj Finserv Balanced Advantage Fund Direct-Growth
0.00%
-390467
-1.28%
-1.36%
Bajaj Finserv Large and Mid Cap Fund Direct-Growth
0.00%
-388558
-0.78%
-0.83%
Aditya Birla Sun Life Consumption Direct Fund-Growth
0.00%
-353947
-0.23%
-0.25%
Aditya Birla Sun Life Small Cap Fund Direct-Growth
0.00%
-300000
-0.26%
-0.27%
Mahindra Manulife Flexi Cap Fund Direct - Growth
0.00%
-259200
-0.72%
-0.76%
Bajaj Finserv Small Cap Fund Direct-Growth
0.00%
-246289
-0.81%
-0.92%
Mahindra Manulife Business Cycle Fund Direct - Growth
0.00%
-232757
-0.81%
-0.85%
ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth
0.00%
-227649
-0.72%
-0.77%
ICICI Prudential Multicap Fund Direct Plan-Growth
0.00%
-174701
-0.05%
0.00%
Baroda BNP Paribas India Consumption Fund Direct - Growth
0.00%
-160000
-0.44%
-0.49%
Mahindra Manulife ELSS Tax Saver Fund Direct -Growth
0.00%
-151000
-0.67%
-0.71%
Baroda BNP Paribas Small Cap Fund Direct - Growth
0.00%
-140000
-0.47%
-0.49%
ICICI Prudential Retirement Fund - Hybrid Aggressive Plan Direct - Growth
0.00%
-130402
-0.60%
-0.65%
Baroda BNP Paribas Business Cycle Fund Direct - Growth
0.00%
-126000
-0.93%
-0.98%
Bajaj Finserv Consumption Fund Direct-Growth
0.00%
-113753
-0.77%
-0.85%
HDFC Multi Cap Fund Direct - Growth
0.00%
-102856
-0.02%
-0.03%
Tata Children's Direct
0.00%
-75155
-0.89%
-0.91%
Bajaj Finserv Multi Cap Fund Direct-Growth
0.00%
-62190
-0.30%
-0.71%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.36%
-3251
-0.02%
-0.03%
Groww Nifty Total Market Index Fund Direct - Growth
0.00%
-1084
-0.01%
-0.01%

Technical Indicators

RSI(14)
Neutral
47.89
ATR(14)
Less Volatile
12.54
STOCH(9,6)
Neutral
56.33
STOCH RSI(14)
Neutral
51.99
MACD(12,26)
Bearish
-0.79
ADX(14)
Weak Trend
22.42
UO(9)
Bearish
46.69
ROC(12)
Downtrend But Slowing Down
-4.92
WillR(14)
Neutral
-45.80

About VIP Industries

VIP Industries Limited is a leading manufacturer and supplier of luggage, backpacks, and handbags in Asia. The company offers products across various price points through brands like Aristocrat, VIP, Skybags, Carlton, and Caprese. It has manufacturing facilities in India and Bangladesh, and a strong distribution network with 5,883 points of sale in India. The company's product range includes hard and soft luggage, school bags, trolleys, executive cases, duffels, and handbags. VIP Industries has expanded its retail presence to 500 Exclusive Business Outlets and launched new products in various segments. The company has one Indian and four overseas wholly owned subsidiaries. In 2020, VIP Industries issued Non-Convertible Debentures totaling Rs 150 Crore.
Chairperson NameDilip G Piramal