Vipul
- Market cap
- ₹ 122 Cr.
- P/E
- 0.8x
- P/B
- 0.35x
- 52-week range
- 7.38 – 18.6
- ROE
- −4%
- ROCE
- −1.1%
- Dividend yield
- 0%
- Debt / equity
- 0.22
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
Vipul Limited is an India-based company, which is engaged in the business of real estate. The Company's projects include a range of residential, commercial, retail, integrated townships and lifestyle gated communities, built in partnership with contractors and consultants. Its completed residential projects include Tatvam Villas (Gurugram), Vipul Plots (Gurugram), Vipul Garden (Gurugram), Vipul Greens (Gurugram), Vipul Belmonte, (Gurugram) and Vipul Floors, Ardee City (Gurugram). The Company's partially completed residential projects include Lavanya Apartments (Gurugram), Vipul Gardens (Dharuhera), Vipul Gardens (Bhubaneswar), and Vipul World (Ludhiana). Its completed commercial projects include Vipul Business Park (Gurugram), Vipul Plaza (Faridabad), Vipul Plaza (Bhubaneswar), Vipul Plaza (Gurugram), Vipul Square (Gurugram), Vipul Agora (Gurugram), and Vipul Trade Center (Gurugram). Its subsidiaries include Vipul Hospitality Limited and Ritwiz Builders and Developers Private Limited.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Vipul 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)0.8 against a typical 23.3: cheaper than most peers (1st = cheapest).3rd of 173
- Sales growth+356.8% against a typical +6.6% from a year earlier.10th of 134
- Share price, 3 months−22.6% against a typical −9.9%.120th of 147
- Size₹ 121.7 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).84th of 163
Latest announcements
Exchange filings and their impact on the company.
- 16 Oct 2026Outcome of Board MeetingHigh impactNegativeQ1 loss of ~Rs 14 cr with qualified audit flags deeper stress and cash lock-up.
Vipul Limited reported unaudited Q1 ended June 30, 2026 results approved on Oct 15, 2026, with a standalone quarterly loss of about Rs 14.2 cr. The auditor gave a qualified conclusion citing incorrect period for Lavanya JDA revenue, non-impairment of stressed loans to entities in liquidation or with eroded net worth, unconfirmed receivables and non-provision of interest on ICDs and customer advances, plus a disclaimer for unascertainable interest. The company also noted a favourable arbitration rejecting Orissa Housing Board claims and allowing encashment of a Rs 3.91 cr bank guarantee with interest, and a pending NCLT plea to recover Rs 148.7 cr awarded against Tanamera Developments.
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 D by Brickwork- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | BWR D/BWR D | Stable | 24 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 24 Feb 2026 | Reaffirmed | BWR D/BWR D | — | Brickwork | ₹ 395.67 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 15 Oct 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 Sep 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 12 Dec 2025 | Fund Raising | To consider Fund Raising |
| 14 Nov 2025 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results/Fund Raising/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025, Fund Raising and other business matters |
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 | 7 | 157 | 36 | 16 | 16 | 11 | 44 | 2 | 8 | 9 | 41 | 8 |
| Expenses | 11 | 78 | 20 | 12 | 11 | 9 | 68 | 14 | 11 | 11 | 59 | 27 |
| Operating Profit | −3 | 79 | 15 | 3 | 5 | 2 | −23 | −13 | −3 | −1 | −18 | −19 |
| OPM % | −43.1% | 50.2% | 42.9% | 21.3% | 30.5% | 19.8% | −52.9% | −745% | −39.1% | −14.6% | −44.2% | −246.5% |
| Other Income | 2 | 14 | 211 | 3 | 3 | 3 | 2 | 12 | 11 | 3 | 11 | 20 |
| Interest | 7 | 10 | −3 | 4 | 6 | 1 | 13 | 1 | 0 | 0 | 6 | 2 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −8 | 81 | 229 | 2 | 1 | 4 | −35 | −1 | 7 | 1 | −14 | −1 |
| Tax % | 109.1% | 22.4% | 11.6% | 0% | 0% | 0% | 0.1% | 0% | 0% | 0% | 9.5% | 0% |
| Net Profit | −17 | 63 | 203 | 2 | 1 | 4 | −35 | −1 | 7 | 1 | −15 | −1 |
| EPS in Rs | −1.42 | 5.27 | 16.9 | 0.13 | 0.08 | 0.26 | −2.48 | −0.1 | 0.51 | 0.09 | −1.1 | −0.05 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −11%
- 5 Years
- 10%
- 3 Years
- −7%
- TTM
- −10%
- 10 Years
- −7%
- 5 Years
- 12%
- 3 Years
- 14%
- TTM
- 50%
- 10 Years
- −21%
- 5 Years
- −20%
- 3 Years
- −17%
- TTM
- —
- 10 Years
- 0%
- 5 Years
- 9%
- 3 Years
- 19%
- 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.
| Vipul | ₹ 9.82 | ₹ 122 Cr. | 0.8x | 0.4x | −4% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Punit Beriwala
- Chief Executive Officer, Chief Financial Officer, Managing Director
Prices are delayed and for information only. Nothing on this page is investment advice.