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V I P Industries Ltd share Price Today

Company details

474.20
479.00
428.50
722.85
6M Return -27.24%
1Y Return -23.57%
Mkt Cap.(Cr) 6,746.27
Volume 141,028
Div Yield 0.42%
OI
-
OI Chg %
-
Volume 141,028

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About The Stock

    VIP Industries is one of Asia’s leading seller/manufacturer of various type of luggage, backpacks and handbags. VIP has a range of leading brands, positioned across the entire price range, catering to value (Aristocrat) mid (VIP, Skybags) and premium (Carlton, Caprese) price points.

    • Market leader in the organised luggage space (oligopoly market: 44% share)
    • VIP has, over the years, maintained balance sheet prudence with stringent working capital policy, virtually debt free status and healthy RoCE: 30%+
Q3FY23 Results:

    VIP’s revenue performance exceeded expectations in Q3 with highest ever sales in Q3. On pre-Covid base, revenue recovery rate was at 122%.

    • On a favourable base, sales grew 32% YoY to ₹ 526.4 crore. The growth was driven by volume growth of 25% YoY
    • Gross margins did witness an improvement on a sequential basis (up 130 bps YoY to 49.4%, Q3FY20: 53%) but was below our expectations (I-direct estimate: 51.3%)
    • EBITDA margins declined 50 bps YoY (flattish QoQ) to 13.9% (Q3FY20: 15.7%, I-direct estimate: 15.8%)

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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."

 

 

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V I P Industries Ltd shares SWOT Analysis

Strengths (4)

  • Book Value per share Improving for last 2 years
  • Company with Zero Promoter Pledge
  • FII / FPI or Institutions increasing their shareholding

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Declining profits every quarter for the past 3 quarters
  • Low Piotroski Score : Companies with weak financials

Opportunity (1)

  • Street Favorite: High Analyst Rating with at least 20% upside

Threats (3)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 478.6
R2 482.3
R3 484.5
Pivot

476.35

S1 472.7
S2 470.5
S3 466.8
EMA SMA
494.8
511.0
529.7
558.7
498.2
521.0
524.1
577.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
QE SECURITIES LLP Bulk Purchase 2024-03-28 521.96 1340231 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-03-28 514.68 1135263 NSE
QE SECURITIES LLP Bulk Sell 2024-03-28 523.19 1360670 NSE
Name Category Shares
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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

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 Industries Ltd Supreme Industries Ltd Astral Ltd Finolex Industries Ltd Safari Industries (India) Ltd
Price 475.25 5,983.10 2,276.95 334.65 2,095.30
% Change 0.06 -1.20 1.82 -0.34 2.47
Mcap Cr 6,746.27 76,001.52 61,165.02 20,764.26 10,218.15
Revenue TTM Cr 2,082.32 10,134.26 5,158.50 4,397.05 1,211.98
Net Profit TTM Cr 152.34 1,069.72 472.50 250.70 125.09
PE TTM 124.05 74.44 109.94 44.01 56.87
1 Year Return -23.57 99.15 13.45 95.53 45.69
ROCE 27.37 29.36 25.53 6.42 37.54
ROE 29.00 22.49 18.73 5.13 34.43
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 641.69 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79
VIP Industries Limited - Updates

Jun 10, 2024 l NSE Announcement

VIP Industries Limited - Resignation

Jun 07, 2024 l NSE Announcement

Date Action Type Ratio
Feb 07, 2024 Dividend 100
Feb 02, 2023 Dividend 100
Nov 03, 2022 Dividend 125

V I P Industries Ltd Information

Stock PE (TTM)
124.05
Promoter Holding
51.76%
Book Value
47.7546
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; investorhelp:vipbags.co
Website : http://www.vipindustries.co.in; www.vipbags.com
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 Jun 14, 2024 10:59 AM the closing price of V I P Industries Ltd was Rs.475.25.

The latest PE ratio of V I P Industries Ltd as of Jun 14, 2024 10:59 AM is 124.05

The latest PB ratio of V I P Industries Ltd as of Jun 14, 2024 10:59 AM is 0.10

The 52-week high of V I P Industries Ltd share price is Rs. 722.85 while the 52-week low is Rs. 428.50

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

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 Jun 14, 2024 10:59 AM, the market cap of V I P Industries Ltd stood at Rs. 6,746.27.

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