About
VIP Clothing Limited engages in the manufacture, marketing, and distribution of garments in India. The company offers innerwear and socks for men and women under the VIP, Frenchie, Feelings, Leader, and Brat brand names. It also exports its products. The company was formerly known as Maxwell Industries Limited and changed its name to VIP Clothing Limited in October 2016. VIP Clothing Limited was founded in 1971 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap182 Cr
P/E19.10
Div Yield0.00 %
Book Value₹21.60
52w High₹41.60
52w Low₹14.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 64.69 | 71.54 | 50.78 | 66.07 | 65.45 | 64.91 | 62.63 | 59.23 | 50.12 | 32.38 | 44.89 | 52.35 | 53.66 |
| Expenses | 59.62 | 64.72 | 47.11 | 59.93 | 59.21 | 59.16 | 57.94 | 55.82 | 47.31 | 40.21 | 46.02 | 51.67 | 50.13 |
| Operating Profit | 5.07 | 6.82 | 3.67 | 6.14 | 6.24 | 5.75 | 4.69 | 3.41 | 2.81 | -7.83 | -1.13 | 0.68 | 3.53 |
| OPM % | 7.84 | 9.53 | 7.23 | 9.29 | 9.53 | 8.86 | 7.49 | 5.76 | 5.61 | -24.18 | -2.52 | 1.30 | 6.58 |
| Other Income | 0.16 | 0.19 | 0.52 | 0.18 | 0.15 | 0.66 | 0.24 | 0.32 | 0.14 | 0.10 | 0.10 | 0.13 | 0.09 |
| Depreciation | 0.73 | 0.64 | 0.63 | 0.68 | 0.68 | 0.85 | 0.70 | 0.69 | 0.70 | 0.70 | 0.66 | 0.68 | 0.68 |
| Interest | 1.87 | 1.91 | 2.19 | 2.23 | 2.45 | 2.36 | 1.79 | 1.98 | 1.93 | 2.51 | 2.20 | 2.30 | 2.07 |
| Profit before tax | 2.63 | 4.46 | 1.37 | 3.41 | 3.26 | 3.20 | 2.44 | 1.06 | 0.32 | -10.94 | -3.89 | -2.17 | 0.87 |
| Tax % | 27.38 | 0.90 | 32.12 | 34.60 | 31.90 | 24.38 | 18.44 | 24.53 | 25.00 | -32.36 | -13.11 | 14.29 | 31.03 |
| Net Profit | 1.91 | 4.42 | 0.93 | 2.24 | 2.22 | 2.42 | 2.00 | 0.81 | 0.23 | -7.40 | -3.38 | -2.48 | 0.61 |
| EPS in Rs | 0.21 | 0.49 | 0.10 | 0.25 | 0.25 | 0.27 | 0.22 | 0.09 | 0.03 | -0.90 | -0.41 | -0.30 | 0.07 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 254.00 | 237.00 | 183.00 | 201.00 | 183.00 | 143.00 | 172.00 | 207.00 | 222.00 | 231.00 | 194.00 | 261.00 |
| Expenses | 231.00 | 220.00 | 188.00 | 188.00 | 176.00 | 140.00 | 188.00 | 203.00 | 212.00 | 217.00 | 194.00 | 233.00 |
| Operating Profit | 23.00 | 17.00 | -5.00 | 13.00 | 7.00 | 3.00 | -16.00 | 4.00 | 10.00 | 14.00 | 0.00 | 28.00 |
| OPM % | 9.00 | 7.00 | -2.60 | 6.00 | 3.70 | 2.10 | -9.00 | 1.80 | 4.70 | 6.00 | 0.00 | 11.00 |
| Other Income | 1.00 | 1.00 | 0.00 | 8.00 | 2.00 | 2.00 | 3.00 | 2.00 | 1.00 | -6.00 | 7.00 | 0.00 |
| Interest | 9.00 | 8.00 | 9.00 | 9.00 | 10.00 | 11.00 | 10.00 | 9.00 | 11.00 | 12.00 | 13.00 | 13.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 4.00 | 5.00 |
| Profit before tax | 13.00 | 7.00 | -16.00 | 8.00 | -4.00 | -10.00 | -28.00 | -7.00 | -3.00 | -8.00 | -9.00 | 11.00 |
| Tax % | 22.00 | 22.00 | -22.00 | 20.00 | -46.00 | -89.00 | -46.00 | -5.00 | 18.00 | -5.00 | 5.00 | 36.00 |
| Net Profit | 10.00 | 5.00 | -13.00 | 7.00 | -2.00 | -1.00 | -15.00 | -6.00 | -3.00 | -7.00 | -10.00 | 7.00 |
| EPS in Rs | 1.09 | 0.61 | -1.53 | 0.80 | -0.27 | -0.13 | -1.81 | -0.75 | -0.37 | -0.89 | -1.20 | 0.89 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 27.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18.00 | 18.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 13.00 | 13.00 | 13.00 |
| Reserves | 176.00 | 167.00 | 122.00 | 135.00 | 117.00 | 119.00 | 120.00 | 135.00 | 178.00 | 143.00 | 80.00 | 83.00 |
| Borrowings | 70.00 | 82.00 | 81.00 | 89.00 | 103.00 | 93.00 | 79.00 | 83.00 | 80.00 | 96.00 | 94.00 | 98.00 |
| Other Liabilities | 64.00 | 63.00 | 52.00 | 46.00 | 48.00 | 42.00 | 57.00 | 68.00 | 89.00 | 88.00 | 56.00 | 61.00 |
| Total Liabilities | 328.00 | 329.00 | 271.00 | 286.00 | 285.00 | 270.00 | 272.00 | 302.00 | 364.00 | 341.00 | 243.00 | 255.00 |
| Fixed Assets | 95.00 | 97.00 | 99.00 | 97.00 | 104.00 | 107.00 | 109.00 | 109.00 | 166.00 | 171.00 | 62.00 | 67.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 233.00 | 232.00 | 171.00 | 188.00 | 181.00 | 163.00 | 163.00 | 194.00 | 198.00 | 170.00 | 182.00 | 186.00 |
| Total Assets | 328.00 | 329.00 | 271.00 | 286.00 | 285.00 | 270.00 | 272.00 | 302.00 | 364.00 | 341.00 | 243.00 | 255.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 20.00 | -37.00 | 10.00 | 13.00 | -4.00 | 6.00 | 14.00 | 7.00 | -17.00 | 10.00 | 10.00 | 12.00 |
| Cash from Investing Activity | 2.00 | 4.00 | 0.00 | 11.00 | 0.00 | -1.00 | 3.00 | -1.00 | 3.00 | 12.00 | 2.00 | -4.00 |
| Cash from Financing Activity | -22.00 | 34.00 | -21.00 | -14.00 | 1.00 | -2.00 | -16.00 | -6.00 | 15.00 | -21.00 | -11.00 | -8.00 |
| Net Cash Flow | 0.00 | 0.00 | -11.00 | 10.00 | -3.00 | 2.00 | 2.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Free Cash Flow | 20.00 | -38.00 | 10.00 | 24.00 | -4.00 | 5.00 | 14.00 | 6.00 | -15.00 | 21.00 | 11.00 | 8.00 |
| CFO/OP % | 89.00 | -223.00 | -224.00 | 111.00 | -51.00 | 198.00 | -92.00 | 189.00 | -163.00 | 75.00 | -15,988.00 | 54.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 138.00 | 152.00 | 116.00 | 122.00 | 120.00 | 154.00 | 103.00 | 106.00 | 107.00 | 84.00 | 103.00 | 106.00 |
| Inventory Days | 195.00 | 233.00 | 281.00 | 240.00 | 311.00 | 330.00 | 302.00 | 336.00 | 323.00 | 268.00 | 367.00 | 216.00 |
| Days Payable | 88.00 | 119.00 | 125.00 | 84.00 | 106.00 | 96.00 | 68.00 | 63.00 | 69.00 | 59.00 | 108.00 | 74.00 |
| Cash Conversion Cycle | 245.00 | 267.00 | 272.00 | 279.00 | 326.00 | 387.00 | 338.00 | 380.00 | 361.00 | 292.00 | 362.00 | 248.00 |
| Working Capital Days | 141.00 | 131.00 | 73.00 | 83.00 | 81.00 | 102.00 | 105.00 | 138.00 | 135.00 | 63.00 | 72.00 | 42.00 |
| ROCE % | 8.00 | 6.00 | -3.00 | 5.00 | 2.00 | 0.00 | -8.00 | 1.00 | 3.00 | 5.00 | -2.00 | 12.00 |
Corporate Actions
21 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 19 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 06 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2018 | — | — | — | Annual General Meeting |
| Rights | 17 Nov 2017 | 20 Nov 2017 | 1:4 | — | |
| Other | 17 Nov 2017 | 20 Nov 2017 | — | — | Right Issue of Equity Shares |
| Other | 04 Sep 2017 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2016 | — | — | — | Annual General Meeting |
| Dividend | 16 Sep 2015 | — | — | 0.30 | |
| Dividend | 16 Sep 2014 | — | — | 0.20 | |
| Dividend | 06 Aug 2013 | — | — | 0.25 | |
| Dividend | 14 Aug 2012 | — | — | 0.30 | |
| Dividend | 03 Aug 2011 | — | — | 0.10 | |
| Dividend | 04 Aug 2010 | — | — | 0.40 | |
| Dividend | 11 Aug 2009 | — | — | 0.40 | |
| Dividend | 18 Aug 2008 | — | — | 0.45 | |
| Dividend | 19 Dec 2007 | — | — | 0.20 | |
| Bonus | 16 Feb 2006 | 23 Feb 2006 | 3:4 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Dec 2025 from fitch
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Rating update28 Mar 2025 from fitch
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Rating update7 Oct 2024 from fitch
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Rating update22 Feb 2024 from fitch
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Rating update7 Nov 2023 from crisil
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Rating update29 Sep 2023 from fitch