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V I P Industries Ltd share Price Today

Company details

541.60
553.80
513.15
722.85
6M Return -19.99%
1Y Return -17.90%
Mkt Cap.(Cr) 7,709.91
Volume 341,015
Div Yield 0.82%
OI
-
OI Chg %
-
Volume 341,015

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Apparels & accessories company VIP Industries announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Net sales at Rs 451 crore, up 27%
    • Gross margins have improved to 58.3% from 54% during Q4FY22, up 430 bps
    • EBITDA margin improved 450 bps at 15.1% from 10.6%; EBITDA at Rs 69 crore, up 79%
    • Profit before exceptional items at Rs 41 crore, up 154%
  • FY23:
    • Net sales at Rs 2,082 crore, up 61%
    • EBITDA margin improved 220 bps at 15.8% from 13.6%; EBITDA at Rs 331 crore, up 83%
    • Profit before exceptional items at Rs 229 crore, up by 165%
    • Profit after tax at Rs 152 crore in FY23 as compared to Rs 67 crore in FY22 - growth of 128% YoY

Speaking on the performance, Anindya Dutta, Managing Director, VIP Industries, commented, "I am pleased to announce that VIP Industries has delivered a robust performance for the fourth quarter and financial year of 2023. The company achieved a growth rate of 61% in FY23 as compared to FY22, backed by strategic investments and expansion executions. We have also enhanced our gross margins despite an increase in value segment salience to 38% from a base of 25%, and sharp input cost inflation witnessed in the first half of the year. The Q4 GM of 58% is reflective of enhanced cost efficiencies across the value chain and a strategic shift to in-house manufacturing coupled with softening trend on input costs.

Our journey towards enhancing our own manufacturing has progressed well during the year. We have deployed approx Rs 100 crore capex investment in creating technically superior factories both in India and Bangladesh and in line with our growth plans, we will invest Rs 200 crore in FY24 to further expand our manufacturing capacities.

We are poised well for continued accelerated growth going forward with a focus on innovations, investment behind our power brands, and increasing accessibility. The ramp-up of our retail footprint has started to yield very good results, we are on track to achieve approximately 800 exclusive brand outlets (EBOs) by the end of FY24. Moving forward, our focus will be on expanding our store presence in tier-II cities and beyond. With our extensive reach, we currently have the highest penetration across almost 1,200 towns in the country. As part of our growth strategy, we aim to be present in every town with a population of over 50,000 by the middle of the next financial year.

In FY24, we will also focus on building strong foundations in future growth areas of expansion in international markets and in women’s fashion accessories through the brand Caprese.

With our diversified product portfolio, we aim to establish each of our brands as a leader in their respective categories given their unique propositions. We remain committed to our vision of being a dominant leader in the luggage and travel gear industry, striking a healthy balance between market share, and margins and ensuring sustainable value creation for our stakeholders."

 

 

Result PDF

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V I P Industries Ltd shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Decline in Net Profit with falling Profit Margin (QoQ)
  • Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Opportunity (0)

Data not found

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 550.8
R2 558.4
R3 563.0
Pivot

546.20

S1 538.6
S2 534.0
S3 526.4
EMA SMA
545.4
564.9
587.7
607.6
541.2
571.2
599.0
617.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 698.05 181400 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 698.05 27946 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 698.05 181400 BSE
Name Category Shares
D G P Securities Limited PROMOTER 25.8%
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Kemp And Company Ltd PROMOTER 2.36%
Kiddy Plast Ltd PROMOTER 2.34%
Alcon Finance & Investments Ltd PROMOTER 1.98%
Dgp Enterprises Pvt Ltd PROMOTER 1.38%
Dgp Capital Management Limited PROMOTER 1.22%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Jan 2023
Entry Price 706.00
Target Price 840.00
Duration
12-18 Month
BUY

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

V I P Industries Ltd Stocks COMPARISON

Financials( in Cr) V I P Inds. Astral Supreme Inds. Finolex Inds. Safari Inds.
Price 543.20 1,930.50 3,958.20 219.25 2,035.05
% Change -0.75 -1.10 -2.67 -1.84 -0.11
Mcap Cr 7,709.91 51,858.44 50,279.83 13,603.96 9,680.12
Revenue TTM Cr 2,082.32 5,158.50 9,201.59 4,397.05 1,211.98
Net Profit TTM Cr 152.34 472.50 865.33 250.70 125.09
PE TTM 78.20 91.76 46.80 28.61 56.60
1 Year Return -17.90 35.47 46.52 22.45 107.93
ROCE 27.37 25.53 26.65 6.42 37.54
ROE 29.00 18.73 20.99 5.13 34.43
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 641.69 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,824.63 -9,772.28
LAST 3M 65,175.33 -16,975.49
LAST 6M 122,507.98 12,725.86
LAST 12M 182,016.31 174,837.59

V I P Industries Ltd Information

Stock PE (TTM)
78.2
Promoter Holding
51.76%
Book Value
50.4157
ROCE
27.37%
ROE
29%
Description
  • VIP Industries Ltd is in the Plastic product manufacturing sector is having a market capitalization worth Rs. 6,723.86 crores, it is incorporated in the year 1968. It has reported consolidated sales of Rs. 206.21 crores in March 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 507880, and also listed on the National Stock Exchange (NSE) with the code VIPIND.

    VIP Industries is involved in the business of manufacturing and marketing luggage bags, travel goods, bags, and ladies' handbags. The key products forming a major part of the company’s revenue include (i) the Upright Trolley case, (ii) Duffel Bags, and (iii) School Bags. VIP Industries has established an international presence with the help of its four overseas wholly-owned subsidiaries. VIP Industries has an international customer base in 14 nations of the world. VIP is planning to incur a recurring expenditure of around Rs. 1 crore on research & development of Nano-safe technology for its hard luggage range. VIP has a well-equipped workforce of 1348 employees. The promoters of the company own 53.46% of the stake, Foreign Institutional Investors (FII) own 2.98% stake in the company, Domestic Institutional Investors (DII) own 20.48% stake in the company, and others (such as public & retail investors) hold the balance of 23.09%.

    In June 2021, quarterly net revenue was Rs. 201.75 crores, which has increased by approximately 400.68 % from Rs. 40.33 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 3.48 crores, which has improved and increased by nearly 108.35% from a net loss of Rs. 41.67 crores in June 2020. In June 2021, the reported operating profit was at Rs. 168.37 crores, which is increased by 538.25% as compared to an operating profit of Rs. 26.38 crores for the quarter ending in June 2020. From a negative EPS of Rs. 2.95 in June 2020, the EPS of VIP Industries Ltd has doubled and reached an EPS of Rs. 0.25 per share in June 2021. VIPIND's stock closed at Rs. 469.85 on 26th August’2021 (NSE). VIP Industries Ltd has returned 18.74% in the last six months and returned 57.0% in the previous year.

Registered Address

5th Floor DGP House, 88-C Old Prabhadevi Road, Mumbai, Maharashtra, 400025

Tel : 91-22-66539000
Email : investor-help:vipbags.com
Website : http://www.vipindustries.co.in
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 507880
NSE Code : VIPIND
Book Closure Date (Month) : Jul/Aug
BSE Group : A
ISIN : INE054A01027

FAQ’s on V I P Industries Ltd Shares

You can buy V I P Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy V I P Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Feb 21, 2024 04:12 PM the closing price of V I P Industries Ltd was ₹ 543.20.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 21, 2024 04:12 PM, the market cap of V I P Industries Ltd stood at ₹ 7,709.91.

The latest PE ratio of V I P Industries Ltd as of Feb 21, 2024 04:12 PM is 78.2

The latest PB ratio of V I P Industries Ltd as of Feb 21, 2024 04:12 PM is 0.09

The 52-week high of V I P Industries Ltd is ₹ 722.85 while the 52-week low is ₹ 513.15

According to analyst recommendations, V I P Industries Ltd has a “Buy” rating for the long term.

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