V.I.P.INDUSTRIES LTD. (VIPIND) AI Stock Analysis

• Market Cap: ₹55.55B
• Dividend Yield: N/A
• Average Volume (3M): 100.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -6.53%
• EPS Growth: -14507.38%
• Country: IN
• Employees: 7,515
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): N/A
• Shares Outstanding: 142,044,850
• 10 Day Avg. Volume: 109,926
• 30 Day Avg. Volume: 100,910
• PEG Ratio: 0.26
• Price to Book (P/B): 6.48
• Price to Sales (P/S): 1.85
• P/FCF Ratio: 16.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 201.65
• Revenue Forecast (FY): ₹2.01T

• Rating: 48 Neutral
• Price Target: ₹423.00 ▼(-0.97% Downside)

The overall stock score of 48 reflects significant challenges in financial performance and valuation. The company's inconsistent revenue growth, negative net profit margin, and reliance on debt are key concerns. Technical indicators suggest bearish momentum, and the negative P/E ratio indicates potential overvaluation. Improvements in cash flow are a positive sign, but stability is crucial for long-term health.

V.I.P.INDUSTRIES LTD. Business Overview & Revenue Model

Company Description

V.I.P. INDUSTRIES LTD. (VIPIND) is a leading manufacturer and retailer in the luggage and travel accessories sector, primarily based in India. The company specializes in producing a wide range of products including suitcases, travel bags, and backpacks, catering to both domestic and international markets. With a strong emphasis on quality and innovation, VIPIND has established itself as a trusted brand among consumers and is known for its durable and stylish travel solutions.

How the Company Makes Money

V.I.P. INDUSTRIES LTD. generates revenue through multiple streams, primarily by manufacturing and selling a diverse array of luggage products and travel accessories. The company operates through both B2B and B2C channels, selling directly to consumers via retail outlets and e-commerce platforms, as well as to wholesalers and distributors. Key revenue streams include retail sales from branded stores and online platforms, as well as partnerships with various international retailers and travel companies. Additionally, VIPIND benefits from seasonal sales trends, particularly during holiday travel periods, and has established a strong brand presence that helps drive customer loyalty and repeat purchases.

V.I.P.INDUSTRIES LTD. Financial Statement Overview

Summary

V.I.P. INDUSTRIES LTD. faces challenges with inconsistent revenue growth and profitability. While the gross profit margin remains strong, the net profit margin's volatility highlights cost management issues. The balance sheet shows a moderate reliance on debt, with room for improving equity funding. Cash flow improvements in 2025 are encouraging, but stability is needed for long-term financial health. Overall, the company needs to focus on enhancing profitability and managing financial leverage.

Income Statement

The income statement shows volatility in revenue and profitability. Despite a recent decline in revenue, the company had a strong gross profit margin of 45.61% in 2025, indicating good control over cost of goods sold. However, net profit margin turned negative at -3.16% in 2025, reflecting challenges in managing expenses and financial costs. The revenue growth has been inconsistent, with periods of growth and decline over the years.

Balance Sheet

The balance sheet exhibits moderate financial leverage with a debt-to-equity ratio of 1.22 in 2025, suggesting a reliance on debt financing. The equity ratio is 33.20%, indicating a reasonable proportion of assets funded by equity. However, declining stockholders' equity and fluctuating total assets suggest some financial instability.

Cash Flow

Cash flow analysis reveals fluctuating free cash flow, with a significant improvement in 2025 to positive free cash flow after previous negative figures. Operating cash flow to net income ratio is negative due to a net loss, but the positive operating cash flow indicates some operational strength. The company needs to stabilize its free cash flow generation to ensure financial health.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.01B	21.65B	22.38B	20.82B	12.87B	6.17B
Gross Profit	8.76B	9.94B	11.26B	10.64B	6.10B	2.40B
EBITDA	808.70M	822.90M	2.22B	3.01B	1.82B	-171.20M
Net Income	-859.30M	-687.90M	543.00M	1.52B	669.30M	-974.90M
Balance Sheet
Total Assets	0.00	18.56B	20.67B	14.15B	12.30B	10.95B
Cash, Cash Equivalents and Short-Term Investments	481.10M	481.10M	445.50M	556.10M	579.80M	2.27B
Total Debt	0.00	7.51B	8.71B	3.52B	2.98B	3.53B
Total Liabilities	-6.16B	12.40B	13.89B	7.74B	6.71B	5.78B
Stockholders Equity	6.16B	6.16B	6.78B	6.42B	5.60B	5.17B
Cash Flow
Free Cash Flow	0.00	2.49B	-2.32B	679.50M	-601.40M	79.20M
Operating Cash Flow	0.00	2.92B	-1.32B	1.75B	-236.80M	170.40M
Investing Cash Flow	0.00	-465.70M	-759.90M	-844.70M	1.46B	-755.70M
Financing Cash Flow	0.00	-2.51B	2.18B	-745.70M	-1.26B	735.30M

V.I.P.INDUSTRIES LTD. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 427.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: 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 420.11, above the 50-day MA of 426.73, and above the 200-day MA of 382.67, indicating a neutral trend. The MACD of -7.86 indicates Positive momentum. The RSI at 28.33 is Positive, neither overbought nor oversold. The STOCH value of 4.98 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	69 Neutral	₹86.03B	23.39	―	1.14%	8.84%	41.74%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VMART	61 Neutral	₹65.97B	98.07	―	―	15.89%	―
SAFARI	60 Neutral	₹103.33B	69.25	―	0.15%	17.51%	-13.86%
VIPIND	48 Neutral	₹55.55B	―	―	―	-6.53%	-14507.38%
ABFRL	48 Neutral	₹96.92B	―	―	―	-32.83%	31.19%
ALOKINDS	40 Underperform	₹87.09B	-12.78	―	―	-20.02%	25.52%

V.I.P.INDUSTRIES LTD. Corporate Events

V.I.P. Industries Ensures Compliance with SEBI Regulations

V.I.P. Industries Limited has informed the stock exchanges about the submission of a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This certificate, provided by the company’s Registrar and Share Transfer Agent, MUFG Intime India Private Limited, pertains to the quarter ending on September 30, 2025. The announcement ensures compliance with regulatory requirements and informs investors of the company’s adherence to SEBI regulations.

V.I.P. Industries Reports Strong AGM Voting Results

V.I.P. Industries Limited announced the results of its 58th Annual General Meeting held on September 10, 2025, which was conducted via video conferencing. The voting results showed strong support for the resolutions, with the promoter group and public institutions showing unanimous approval, indicating stability and confidence in the company’s governance and financial strategies.

V.I.P. Industries Adopts New Articles of Association, Enhancing Multiples Group’s Influence

V.I.P. Industries Ltd. has announced the adoption of a new set of Articles of Association, approved during its 58th Annual General Meeting. This amendment incorporates provisions from a Shareholders’ Agreement with Multiples Private Equity Fund IV and others, granting Multiples Group significant influence over board nominations and voting rights. The changes are expected to impact the company’s governance structure and shareholder dynamics, potentially affecting future strategic decisions and stakeholder interests.

VIP Industries Receives Regulatory Nod for Major Share Transaction

VIP Industries Limited has announced that the Competition Commission of India has approved a significant transaction involving the sale of over 4.5 million equity shares by certain members of the promoter group to new purchasers. This transaction, which includes a change in management and control, is subject to the fulfillment of other conditions outlined in the share purchase agreement, potentially impacting the company’s future operations and market positioning.

V.I.P. Industries Secures Temporary Relief in Carlton Trademark Dispute

V.I.P. Industries Ltd. announced a significant legal update regarding its ability to operate under the ‘Carlton’ trademark. The Supreme Court of India has allowed the company to manage its existing inventory of Carlton-branded products, subject to specific conditions, while directing the Delhi High Court to expedite related civil suits with Carlton Shoes Ltd. This decision provides temporary relief to the company, potentially impacting its market operations and stakeholder relations.