Financials V.I.P. Industries Limited

Equities

VIPIND

INE054A01027

Apparel & Accessories

Market Closed - Bombay S.E. 06:00:48 2024-05-10 am EDT 5-day change 1st Jan Change
527.8 INR -1.11% Intraday chart for V.I.P. Industries Limited -5.56% -11.63%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,694 33,923 50,055 105,306 81,176 74,926 - -
Enterprise Value (EV) 1 69,414 34,112 51,284 107,673 82,621 74,645 75,837 74,684
P/E ratio 47.3 x 30.3 x -51.3 x 158 x 53.5 x 138 x 47.7 x 31.4 x
Yield 0.66% 1.33% - 0.34% 0.79% 0.47% 0.64% 1.05%
Capitalization / Revenue 3.85 x 1.97 x 8.09 x 8.17 x 3.9 x 3.33 x 2.92 x 2.57 x
EV / Revenue 3.89 x 1.99 x 8.29 x 8.35 x 3.97 x 3.33 x 2.95 x 2.56 x
EV / EBITDA 30.9 x 11.7 x -78.6 x 73.5 x 26.3 x 38.6 x 21.1 x 16.4 x
EV / FCF -67.4 x 13.8 x 648 x -179 x 122 x 67.1 x 33.5 x 32.2 x
FCF Yield -1.48% 7.24% 0.15% -0.56% 0.82% 1.49% 2.99% 3.11%
Price to Book 11.8 x 5.56 x 9.68 x 18.8 x 12.6 x 10.9 x 10 x 7.91 x
Nbr of stocks (in thousands) 141,317 141,317 141,317 141,473 141,655 141,973 - -
Reference price 2 486.1 240.0 354.2 744.4 573.0 527.8 527.8 527.8
Announcement Date 5/7/19 5/26/20 5/25/21 5/16/22 5/8/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,847 17,183 6,186 12,895 20,823 22,450 25,675 29,181
EBITDA 1 2,247 2,913 -652.7 1,464 3,138 1,936 3,592 4,554
EBIT 1 2,081 2,074 -1,432 764 2,401 940.7 2,519 3,271
Operating Margin 11.66% 12.07% -23.15% 5.92% 11.53% 4.19% 9.81% 11.21%
Earnings before Tax (EBT) 1 2,149 1,484 -1,246 861.6 1,965 765.8 2,195 3,143
Net income 1 1,453 1,117 -974.9 669.3 1,523 543 1,647 2,354
Net margin 8.14% 6.5% -15.76% 5.19% 7.32% 2.42% 6.42% 8.07%
EPS 2 10.28 7.910 -6.900 4.710 10.72 3.820 11.07 16.79
Free Cash Flow 1 -1,029 2,468 79.2 -601.4 679.5 1,148 2,265 2,319
FCF margin -5.77% 14.36% 1.28% -4.66% 3.26% 5.07% 8.82% 7.95%
FCF Conversion (EBITDA) - 84.74% - - 21.65% 48.18% 63.05% 50.93%
FCF Conversion (Net income) - 220.92% - - 44.6% 141.59% 137.49% 98.52%
Dividend per Share 2 3.200 3.200 - 2.500 4.500 2.500 3.400 5.567
Announcement Date 5/7/19 5/26/20 5/25/21 5/16/22 5/8/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,326 2,430 2,062 3,301 3,973 3,559 5,906 5,147 5,264 4,506 6,361 5,708 5,836 5,118 7,106
EBITDA 1 81.4 32 128.9 418.1 571.5 325.8 1,026 715.8 1,059 642.8 806 704.5 788 496.4 1,018
EBIT - - - - - - 845.9 - - - - - 660 162 749
Operating Margin - - - - - - 14.32% - - - - - 11.31% 3.17% 10.54%
Earnings before Tax (EBT) - - 18.5 245.6 437.1 160.4 1,001 - - -64.2 - - - 63.5 647
Net income 1 - - 25.3 185.4 334.7 123.9 691 - - -42.6 577.5 323.5 449.5 67 484
Net margin - - 1.23% 5.62% 8.42% 3.48% 11.7% - - -0.95% 9.08% 5.67% 7.7% 1.31% 6.81%
EPS 2 - - 0.1800 1.310 2.370 0.8700 4.860 - 3.100 -0.3000 4.060 2.300 3.150 0.4500 3.400
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/3/21 5/25/21 8/11/21 10/29/21 2/1/22 5/16/22 7/27/22 10/21/22 1/25/23 5/8/23 8/2/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 719 189 1,229 2,368 1,445 2,077 911 -
Net Cash position 1 - - - - - - - 242
Leverage (Debt/EBITDA) 0.32 x 0.065 x -1.883 x 1.617 x 0.4605 x 0.8722 x 0.2536 x -
Free Cash Flow 1 -1,029 2,468 79.2 -601 680 1,148 2,265 2,319
ROE (net income / shareholders' equity) 27.1% 24.9% -17.3% 12.4% 29.5% 10.8% 22.1% 25.8%
ROA (Net income/ Total Assets) 15.8% 12.8% - - - - - -
Assets 1 9,219 8,727 - - - - - -
Book Value Per Share 2 41.10 43.20 36.60 39.60 45.30 48.30 52.80 66.70
Cash Flow per Share - - - - - - - -
Capex 1 387 452 91.2 365 1,069 1,142 1,187 950
Capex / Sales 2.17% 2.63% 1.47% 2.83% 5.14% 5.05% 4.62% 3.26%
Announcement Date 5/7/19 5/26/20 5/25/21 5/16/22 5/8/23 5/10/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
527.8 INR
Average target price
552.8 INR
Spread / Average Target
+4.75%
Consensus
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