āagman

V I P Industries Ltd

NSE: VIPIND
₹270.40
+₹0.05 (+0.02%)
NSE · 21 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹3,832 Cr
CMP
₹270.40
52-wk High / Low
₹442 / 266
P/B
13.2
Book Value
₹20.4
Div Yield
0.00%
ROCE
−29.0%
ROE
−92.4%
Face Value
₹2
D/E
2.55

Price−36.5% over 1Y

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Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 21 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
ROIC
−35.8%
vs 12.3% sector median
Cash flow to profit
−0.54
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−636
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
51.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.51DII −0.09
Latest quarter vs the previous one
Cash-accrual divergence
−30.0%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of -29% trails the sector median of 19%
−Borrowings are up 5171.4% since FY2016 (14 to 738)
−Price trades below its 200-day moving average (0.8x)
−Price is 38.8% below its 52-week high
−Promoter holding fell by 7.4pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales636546546516639544501494561406454436578
Expenses556493494508590546472488537513531518589
Operating Profit815352849−229625−106−77−82−11
OPM %12.7%9.7%9.5%1.6%7.7%−0.4%5.8%1.2%4.5%−26.1%−17.0%−18.8%−1.9%
Other Income2833426287157544
Interest11121517182018171718162016
Depreciation21242728293030303233323131
Profit before tax771913−334−46−17−33−17−142−50−129−55
Net Profit58137−244−33−12−27−13−143−53−129−54
EPS (₹)4.080.940.50−1.680.28−2.33−0.87−1.93−0.92−10.08−3.72−9.07−3.77

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0171,1921,2521,4101,7851,7146191,2902,0822,2452,1781,8581,875
Expenses9381,0821,1171,2141,5581,4186831,1431,7652,0472,0902,0992,152
Operating Profit79110134196227296−6414731719888−241−277
OPM %7.8%9.2%10.7%13.9%12.7%17.3%−10.3%11.4%15.2%8.8%4.0%−13.0%−14.8%
Other Income73798−364836−16371910198
Interest333242531263159797470
Depreciation18141413178778707499119127127
Profit before tax6595126190215148−1258619777−91−338−376
Net Profit476685127145112−976715254−69−338−378
EPS (₹)3.304.706.038.9710.287.91−6.904.7310.753.83−4.84−23.79−26.64

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital282828282828282828282828—
Reserves277311380461553582489531613650588261—
Borrowings31140086269353298352871751738—
Other Liabilities163231201284404364223371421517489577—
Total Liabilities4995856097731,0711,2431,0941,2291,4152,0671,8561,604—
Fixed Assets71676177117371288265309532507507—
CWIP1113632715141815—
Investments00687214114142233673—
Other Assets4275174796219488296629151,0671,5181,3261,009—
Total Assets4995856097731,0711,2431,0941,2291,4152,0671,8561,604—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity145312685−5629285−24175−132292181
Cash from Investing Activity−3−8−73−2916−85−145146−84−76−46−48
Cash from Financing Activity−14−45−51−4431−21174−126−75218−251−139
Net Cash Flow−30213−9−414−31610−5−6

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.028.034.043.038.029.0−12.013.028.08.0−2.0−29.0
ROE %———————————−92.4
EPS (₹)3.304.706.038.9710.287.91−6.904.7310.753.83−4.84−26.64
Book Value (₹)———————————20.4
Face Value (₹)———————————2
P/E————————————
Div Yield %———————————0.00
NPM %4.65.56.88.98.16.7−14.55.17.42.4−3.1−17.3
OPM %8.09.011.014.013.017.0−10.011.015.09.04.0−13.0
D/E0.100.040.000.000.150.440.680.530.551.281.222.55
P/B———————————13.2

Growth

As of 18 Oct 2026
Compounded sales growth
10 years+5.0%
5 years+25.0%
3 years−4.0%
TTM−11.0%
Compounded profit growth
TTM−375.0%
Stock price CAGR
10 years+6.0%
5 years−14.0%
3 years−26.0%
Last year−37.0%
Return on equity
10 years3.0%
5 years−8.0%
3 years−26.0%
Last year−92.0%

Shareholding pattern

As of 30 Sep 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters52.50%52.50%51.77%51.76%51.75%51.74%51.74%51.74%51.74%49.74%42.35%42.35%42.35%42.35%
FIIs4.19%4.19%7.49%8.07%7.32%7.82%7.43%7.68%7.27%6.95%6.73%7.06%5.17%4.66%
DIIs16.79%16.79%12.84%12.68%13.76%12.28%13.31%12.75%13.78%16.06%17.42%16.87%16.63%16.54%
Government——————————————
Public26.52%26.52%27.91%27.50%27.18%28.19%27.54%27.86%27.22%27.27%33.51%33.74%35.85%36.45%
No. of shareholders39,24939,2491,28,7291,40,8751,42,1461,39,1251,40,6891,41,2171,37,1621,29,3301,27,6631,22,9781,21,7641,19,955
Change since Jun 2023 (pp)
Promoters −10.15FIIs +0.47DIIs −0.25Public +9.93

Documents

As of 18 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPSBoard Meeting Outcome for Outcome Of The Board MeetingBoard Meeting Intimation for Considering And Evaluating The Proposal For Raising Of Funds
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026PPTMay 2026PPTAug 2025TranscriptAug 2025PPTMay 2025TranscriptMay 2025PPTMay 2025RecordingFeb 2025TranscriptFeb 2025PPTFeb 2025Recording

Corporate actions

As of 7 Feb 2024
7 Feb 2024DIVIDENDInterim Dividend - Rs 2 Per Share—
2 Feb 2023DIVIDENDInterim Dividend - Rs 2 Per Share—
3 Nov 2022DIVIDENDInterim Dividend - Rs 2.50 Per Share—
8 Mar 2022DIVIDENDInterim Dividend—
24 Feb 2020DIVIDEND Interim Dividend - Rs 3.2 Per Share—
19 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share—
18 Feb 2019DIVIDEND Interim Dividend - Rs 1.20 Per Share—
6 Jul 2018DIVIDEND Annual General Meeting / Dividend- Rs 2 Per Share—
6 Feb 2018DIVIDEND Interim Dividend - Re 1 Per Share—
14 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.60/- Per Share—
22 Feb 2017DIVIDEND Interim Dividend Re 0.80 Per Share—
14 Jul 2016DIVIDEND Annual General Meeting/Dividend Rs 1.40 Per Share—
8 Feb 2016DIVIDEND Interim Dividend Re 0.60 Per Share (Purposed Revised)—
10 Jul 2015DIVIDENDAnnual General Meeting/ Dividend - Re 1/- Per Share—
3 Feb 2015DIVIDENDInterim Dividend - Re 0.50/- Per Share (Purpose Revised)—
27 Jun 2014DIVIDENDAnnual General Meeting And Dividend - Rs 1.20 Per Equity Share—
14 Feb 2014DIVIDENDInterim Dividend Re.0.50/- Per Share (Purpose Revised)—
14 Jun 2013DIVIDENDAnnual General Meeting And Dividend @ Re 1 Per Equity Share—
31 Aug 2012DIVIDENDAnnual General Meeting/ Dividend Rs 1 Per Share—
10 Feb 2012DIVIDENDInterim Dividend Re.0.60 Per Share (Purpose Revised)—
31 Oct 2011SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
16 Sep 2011DIVIDENDAnnual General Meeting And Dividend Rs.7/- Per Share—
1 Feb 2011DIVIDENDInterim Dividend-Rs.3/- Per Share (Purpose Revised)—
2 Jul 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.3/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges.© 2026 āagman