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V.I.P.INDUSTRIES LTD.
(VIPIND)
Select Model
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Rating:45Neutral
Price Target:
₹251.00
▼(-41.24% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weakened financial performance—losses, compressed margins, and increased leverage—despite a recent rebound in operating/free cash flow. Technicals provide a moderate offset with improving momentum above key short- and mid-term averages, while valuation remains challenging due to negative earnings and no dividend yield data.
Positive Factors
Brand and distribution breadth
A diversified brand portfolio across luggage, backpacks and travel accessories gives the company multiple ways to serve consumers. Its retail, wholesale and online presence can support broad market access and provide a platform for sustained product adoption.
Negative Factors
Sharp profitability deterioration
The shift from profit to substantially larger losses weakens internal funding capacity and makes the current earnings base less dependable. Persistent losses could constrain investment, reduce resilience and delay any sustained recovery in shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand and distribution breadth
A diversified brand portfolio across luggage, backpacks and travel accessories gives the company multiple ways to serve consumers. Its retail, wholesale and online presence can support broad market access and provide a platform for sustained product adoption.
Read all positive factors
V.I.P.INDUSTRIES LTD. (VIPIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.61B
Dividend Yield0.37%
Average Volume (3M)24.00K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth-10.75%
EPS Growth-340.31%
CountryIN
Employees7,515
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-26.64
Shares Outstanding142,055,390
10 Day Avg. Volume39,858
30 Day Avg. Volume24,003
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)14.83
Price to Sales (P/S)2.31
P/FCF Ratio47.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.25
Revenue Forecast (FY)₹20.40B
V.I.P.INDUSTRIES LTD. Business Overview & Revenue Model
Company Description
Headquartered in Mumbai, India, V.I.P. Industries Limited, established in 1968, specializes in the manufacturing and distribution of luggage, bags, and accessories across India. The company's diverse product range encompasses both hard-sided and s...
How the Company Makes Money
VIPIND makes money mainly by selling travel and lifestyle products to customers through a multi-channel distribution network. The company’s core revenue stream is the sale of luggage and travel bags (e.g., hard/soft luggage, trolleys, backpacks, d...
V.I.P.INDUSTRIES LTD. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
34
Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.75B | 18.58B | 21.65B | 22.38B | 20.82B | 12.87B |
| Gross Profit | 3.92B | 3.28B | 9.94B | 11.26B | 10.64B | 6.10B |
| EBITDA | -2.57B | -1.40B | 822.90M | 2.22B | 3.02B | 1.82B |
| Net Income | -3.78B | -3.38B | -687.90M | 543.00M | 1.52B | 669.30M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 16.04B | 18.56B | 20.67B | 14.15B | 12.30B |
| Cash, Cash Equivalents and Short-Term Investments | 942.50M | 1.16B | 481.10M | 445.50M | 556.10M | 579.80M |
| Total Debt | 0.00 | 7.38B | 7.51B | 8.71B | 3.52B | 2.98B |
| Total Liabilities | -2.09B | 13.15B | 12.40B | 13.89B | 7.74B | 6.71B |
| Stockholders Equity | 2.09B | 2.90B | 6.16B | 6.78B | 6.42B | 5.60B |
Cash Flow | ||||||
| Free Cash Flow | 386.30M | 911.60M | 2.49B | -2.32B | 679.50M | -601.40M |
| Operating Cash Flow | 632.00M | 1.39B | 2.92B | -1.32B | 1.75B | -236.80M |
| Investing Cash Flow | -265.10M | -494.60M | -465.70M | -759.90M | -844.70M | 1.46B |
| Financing Cash Flow | -443.40M | -959.20M | -2.51B | 2.18B | -745.70M | -1.26B |
V.I.P.INDUSTRIES LTD. Technical Analysis
Negative
427.15
Price Trends
292.73
Negative
300.17
Negative
319.60
Negative
Market Momentum
-9.07
Positive
26.93
Positive
17.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIPIND, the sentiment is Negative. The current price of 427.15 is above the 20-day moving average (MA) of 275.71, above the 50-day MA of 292.73, and above the 200-day MA of 319.60, indicating a bearish trend. The MACD of -9.07 indicates Positive momentum. The RSI at 26.93 is Positive, neither overbought nor oversold. The STOCH value of 17.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VIPIND.
V.I.P.INDUSTRIES LTD. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ₹60.35B | 36.51 | ― | 0.33% | 13.97% | 10.61% | |
60 Neutral | ₹84.62B | 58.26 | ― | 5.17% | 1.91% | -29.92% | |
60 Neutral | ₹229.84B | 55.45 | ― | 0.71% | 15.60% | 16.47% | |
59 Neutral | ₹57.71B | 23.47 | ― | 1.91% | 18.82% | 38.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹13.40B | 53.03 | ― | 0.58% | 34.34% | -10.31% | |
45 Neutral | ₹36.61B | -9.68 | ― | 0.37% | -10.75% | -340.31% |
* General Sector Average
IN:VIPIND
V.I.P.INDUSTRIES LTD.
251.30
-167.10
-39.94%
IN:BATAINDIA
Bata India Ltd
660.65
-367.53
-35.75%
IN:BIL
Bhartiya International Limited
1,015.25
168.05
19.84%
IN:METROBRAND
Metro Brands Ltd.
825.75
-307.37
-27.13%
IN:REDTAPE
Redtape Limited
104.80
-26.75
-20.34%
IN:SAFARI
Safari Industries (India) Limited
1,228.80
-928.22
-43.03%
V.I.P.INDUSTRIES LTD. Corporate Events
V.I.P. Industries Files AGM Voting Results and Scrutinizer’s Report with Exchanges
Aug 21, 2026
V.I.P. Industries Ltd. has reported that its 59th Annual General Meeting was held on August 21, 2026, and that the voting results for all resolutions have been compiled. The company has also submitted the consolidated scrutinizer’s report to...
VIP Industries Pivots to ESG-Led Growth in Latest Sustainability Report
Jul 30, 2026
VIP Industries has released its Business Responsibility and Sustainability Report for the 2025-26 financial year, outlining how environmental, social, and governance considerations are now central to its operating model. The disclosure, filed unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.