V.I.P.INDUSTRIES LTD. (IN:VIPIND)
:VIPIND
Want to see IN:VIPIND full AI Analyst Report?
Top Page
V.I.P.INDUSTRIES LTD.
(VIPIND)
Select Model
Select Model
Rating:41Neutral
Price Target:
₹290.00
▼(-32.11% Downside)
Action:Reiterated
Date:05/18/26
The score is pressured primarily by a sharp earnings and margin downturn alongside higher leverage, which materially raises financial risk. Technicals also lean bearish with the stock below key moving averages and negative MACD. Valuation offers limited support because the company is currently loss-making and no dividend yield is provided.
Positive Factors
Branded products with multi-channel distribution
VIP's core business is branded luggage sold through distributors, large-format retailers, exclusive outlets and e-commerce. This multi-channel retail footprint and broad product range create durable customer reach and channel diversification, supporting steady revenue access over time.
Negative Factors
Declining revenue and widening losses
Consecutive top-line declines and a trajectory from profit to deeper losses materially weaken the firm's ability to fund operations and invest. Prolonged revenue contraction reduces operating leverage, jeopardizes margin recovery and increases the structural challenge of returning to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded products with multi-channel distribution
VIP's core business is branded luggage sold through distributors, large-format retailers, exclusive outlets and e-commerce. This multi-channel retail footprint and broad product range create durable customer reach and channel diversification, supporting steady revenue access over time.
Read all positive factors
V.I.P.INDUSTRIES LTD. (VIPIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹42.63B
Dividend YieldN/A
Average Volume (3M)26.33K
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue Growth-14.70%
EPS Growth-391.15%
CountryIN
Employees7,515
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-13.80
Shares Outstanding142,051,850
10 Day Avg. Volume47,082
30 Day Avg. Volume26,331
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)-0.65
Revenue Forecast (FY)₹20.59B
V.I.P.INDUSTRIES LTD. Business Overview & Revenue Model
Company Description
V.I.P. Industries Limited manufactures and sells luggage, bags, and accessories in India. It offers hard and soft luggage, including handbags, printed polycarbonate luggage products, soft uprights, vanity cases, hard suitcases, briefcases, trolley...
How the Company Makes Money
VIPIND primarily makes money by selling travel and luggage products to customers through a multi-channel retail and distribution network. Key revenue streams include: (1) Sales of luggage and travel products across price tiers and categories (e.g....
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 | 19.63B | 18.58B | 21.65B | 22.38B | 20.82B | 12.87B |
| Gross Profit | 8.42B | 3.28B | 9.94B | 11.26B | 10.64B | 6.10B |
| EBITDA | -145.20M | -2.41B | 822.90M | 2.22B | 3.01B | 1.82B |
| Net Income | -1.96B | -3.38B | -687.90M | 543.00M | 1.52B | 669.30M |
Balance Sheet | ||||||
| Total Assets | 17.22B | 16.04B | 18.56B | 20.67B | 14.15B | 12.30B |
| Cash, Cash Equivalents and Short-Term Investments | 594.90M | 1.16B | 481.10M | 445.50M | 556.10M | 579.80M |
| Total Debt | 7.79B | 7.38B | 7.51B | 8.71B | 3.52B | 2.98B |
| Total Liabilities | 12.58B | 13.15B | 12.40B | 13.89B | 7.74B | 6.71B |
| Stockholders Equity | 4.64B | 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
Neutral
427.15
Price Trends
316.70
Negative
344.61
Negative
377.72
Negative
Market Momentum
-5.68
Negative
46.34
Neutral
46.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIPIND, the sentiment is Neutral. The current price of 427.15 is above the 20-day moving average (MA) of 299.93, above the 50-day MA of 316.70, and above the 200-day MA of 377.72, indicating a neutral trend. The MACD of -5.68 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 46.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VIPIND.
V.I.P.INDUSTRIES LTD. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹127.66B | 22.19 | ― | 1.18% | 11.70% | 17.01% | |
69 Neutral | ₹50.34B | 0.40 | ― | ― | 16.46% | 2726.00% | |
63 Neutral | ₹73.24B | 41.76 | ― | 0.22% | 15.55% | 17.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | ₹76.11B | -15.34 | ― | ― | -46.52% | 15.08% | |
46 Neutral | ₹62.02B | -7.17 | ― | ― | 0.16% | 8.72% | |
41 Neutral | ₹42.63B | -12.70 | ― | ― | -14.70% | -391.15% |
* Consumer Cyclical Sector Average
IN:VIPIND
V.I.P.INDUSTRIES LTD.
300.00
-65.85
-18.00%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
66.72
-23.13
-25.74%
IN:ALOKINDS
Alok Industries Limited
12.39
-6.51
-34.44%
IN:ARVIND
Arvind Limited
490.20
119.68
32.30%
IN:SAFARI
Safari Industries (India) Limited
1,544.50
-740.22
-32.40%
IN:VMART
V-Mart Retail Ltd
636.55
-219.83
-25.67%
V.I.P.INDUSTRIES LTD. Corporate Events
V.I.P. Industries’ Company Secretary and Compliance Officer Resigns, Replacement Search Underway
May 4, 2026
V.I.P. Industries Ltd. has announced the resignation of Mr. Ashitosh Sheth from his roles as Company Secretary, Compliance Officer, Key Managerial Personnel, and Nodal Officer, effective from the close of business on May 4, 2026. The company state...
V.I.P. Industries Faces Rs 41 Lakh GST Penalty, Plans Appeal
Apr 1, 2026
V.I.P. Industries Ltd. has disclosed that the Assistant Commissioner of CGST and Central Excise, Nashik-I Division, has imposed a goods and services tax penalty of Rs 41.03 lakh under Section 122 of the CGST Act, 2017, over alleged wrongful passin...
V.I.P. Industries Says Maharashtra GST Inspection Concludes With No Material Adverse Findings
Mar 6, 2026
V.I.P. Industries Ltd. has disclosed that an inspection and search conducted by the Maharashtra Goods Service Tax Department under Section 67 of the state GST Act has been concluded, with proceedings formally closed on March 2, 2026. The company ...
V.I.P. Industries Faces Maharashtra Tax Inspection, Sees No Material Impact Yet
Feb 24, 2026
V.I.P. Industries has disclosed that the Assistant Commissioner of State Tax, Maharashtra initiated an inspection and search on February 24, 2026 at its Mumbai registered office and its Nashik manufacturing unit under Section 67 of the Maharashtra...
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.