VIP Industries Ltd-$
- P/E
- 186.5x
- 52-week range
- 251 – 435
- ROE
- −92%
- ROCE
- −29%
- Sector
- Consumer Durables
- Industry
- Plastic Products - Consumer
- Listed on
- NSE, BSE
About
VIP Industries Limited is an India-based luggage manufacturer and retailer. The Company offers a range of products in the hard luggage and soft luggage segments, including school bags, trolleys, backpacks, suitcases, executive cases, duffels, overnight travel solutions, and handbags. The Company operates through one segment, which is Manufacturing and marketing of luggage and bags. It offers a range of products through a brand portfolio, including names like VIP, Skybags, Carlton, Aristrocrat, Alfa, and Caprese. The Skybags brand offers trolleys, rucksacks, backpacks, duffel bags, laptop bags and daily essentials and components. Its Caprese brand offers a range of handbags and accessories for women. Its distribution network provides access to VIP luggage anywhere in India via approximately 13,000 points of sale across exclusive stores, multi-brand stores, format retail, defense canteens, and e-commerce channels.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Plastic Products - Consumer: 15 companies →VIP Industries Ltd-$ against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)186.5 against a typical 25.6: pricier than most peers (1st = cheapest).14th of 15
- Sales growth+3% against a typical +2.4% from a year earlier.6th of 13
- Share price, 3 months−15.2% against a typical −10%.9th of 14
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated A- by CRISIL- CRISIL lowered its rating on 25 Jun 2026.
- CRISIL expects things to get worse (negative outlook).
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A- | Negative | 19 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 19 Aug 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 454 Cr. | |
| 30 Jul 2026 | Reaffirmed | Crisil A- | — | CRISIL | ₹ 464 Cr. | |
| 25 Jun 2026 | ▼ Downgrade1 notch | Crisil A → Crisil A- | — | CRISIL | ₹ 464 Cr. | |
| 6 Mar 2026 | ▼ Downgrade1 notch | Crisil A+ → Crisil A | — | CRISIL | ₹ 424 Cr. | |
| 23 Dec 2025 | Reaffirmed | Crisil A+ | — | CRISIL | ₹ 424 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 18 Sep 2026 | Fund Raising | To consider and evaluate the proposal for raising funds |
| 12 Aug 2026 | Financial Results | VIP INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 12-Aug-2026 to inter-alia consider and approve the Un-audited Financial results of the Company for the Quarterly ended June, 2026. |
| 15 May 2026 | Financial Results | To consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026 |
| 14 Feb 2026 | Financial Results | VIPIND : 14-Feb-2026 : The Company has informed the Exchange that a Board meeting to be held on Thursday, February 12, 2026 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on Saturday, February 14, 2026, To consider and approve the financial results for the quarter and nine months ended December 31, 2025. |
| 12 Feb 2026 | Financial Results | To consider and approve the Un-Audited Standalone and Consolidated financial results for the quarter and nine months ended December 31, 2025 |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 546 | 546 | 516 | 639 | 544 | 501 | 494 | 561 | 406 | 454 | 436 | 578 |
| Expenses | 493 | 494 | 508 | 590 | 546 | 472 | 488 | 537 | 513 | 531 | 518 | 589 |
| Operating Profit | 53 | 52 | 8 | 49 | −2 | 29 | 6 | 25 | −106 | −77 | −82 | −11 |
| OPM % | 10% | 10% | 1.5% | 8% | −0.4% | 6% | 1.3% | 4.4% | −26% | −17% | −19% | −1.9% |
| Other Income | 3 | 3 | 4 | 2 | 6 | 2 | 8 | 7 | 15 | 75 | 4 | 4 |
| Interest | 12 | 15 | 17 | 18 | 20 | 18 | 17 | 17 | 18 | 16 | 20 | 16 |
| Depreciation | 24 | 27 | 28 | 29 | 30 | 30 | 30 | 32 | 33 | 32 | 31 | 31 |
| Profit before tax | 19 | 13 | −33 | 4 | −46 | −17 | −33 | −17 | −142 | −50 | −129 | −55 |
| Tax % | 31% | 46% | −28% | −9% | −28% | −26% | −16% | −23% | 1% | 5% | 0% | −2% |
| Net Profit | 13 | 7 | −24 | 4 | −33 | −12 | −27 | −13 | −143 | −53 | −129 | −54 |
| EPS in Rs | 0.94 | 0.5 | −1.68 | 0.28 | −2.33 | −0.87 | −1.93 | −0.92 | −10.08 | −3.72 | −9.07 | −3.77 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 5%
- 5 Years
- 25%
- 3 Years
- −4%
- TTM
- −11%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −375%
- 10 Years
- 9%
- 5 Years
- −8%
- 3 Years
- −24%
- TTM
- —
- 10 Years
- 3%
- 5 Years
- −8%
- 3 Years
- −26%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| VIP Industries Ltd-$ | ₹ 251.25 | — | 186.5x | — | −92% | — |
| Page Industries | ₹ 33,774.65 | ₹ 37,672 Cr. | 49.8x | 26.3x | 0% | 0% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 22.4x | 1.5x | 0% | 0% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 68.4x | 3.7x | 0% | 0% |
| Raymond | ₹ 1,064.00 | ₹ 7,083 Cr. | 42.9x | 2.4x | 0% | 0% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 59.9x | 2.7x | 0% | 0% |
Management
- Narayan Saraf
- Chief Financial Officer
- Shalaka Koparkar
- Company Secretary and Compliance Officer
- Atul Jain
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.