About
V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. The company offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. It sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. The company also exports its products. V.I.P. Industries Limited was incorporated in 1968 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap4,453 Cr
P/E—
Div Yield0.00 %
Book Value₹20.40
52w High₹473.00
52w Low₹278.00
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 | 578.00 | 436.00 | 454.00 | 406.00 | 561.00 | 494.00 | 501.00 | 544.00 | 639.00 | 516.00 | 546.00 | 546.00 | 636.00 |
| Expenses | 589.00 | 518.00 | 531.00 | 513.00 | 537.00 | 488.00 | 472.00 | 546.00 | 590.00 | 508.00 | 494.00 | 493.00 | 556.00 |
| Operating Profit | -11.00 | -82.00 | -77.00 | -106.00 | 25.00 | 6.00 | 29.00 | -2.00 | 49.00 | 8.00 | 52.00 | 53.00 | 81.00 |
| OPM % | -1.90 | -19.00 | -17.00 | -26.00 | 4.40 | 1.30 | 6.00 | -0.40 | 8.00 | 1.50 | 10.00 | 10.00 | 13.00 |
| Other Income | 4.00 | 4.00 | 75.00 | 15.00 | 7.00 | 8.00 | 2.00 | 6.00 | 2.00 | 4.00 | 3.00 | 3.00 | 28.00 |
| Depreciation | 31.00 | 31.00 | 32.00 | 33.00 | 32.00 | 30.00 | 30.00 | 30.00 | 29.00 | 28.00 | 27.00 | 24.00 | 21.00 |
| Interest | 16.00 | 20.00 | 16.00 | 18.00 | 17.00 | 17.00 | 18.00 | 20.00 | 18.00 | 17.00 | 15.00 | 12.00 | 11.00 |
| Profit before tax | -55.00 | -129.00 | -50.00 | -142.00 | -17.00 | -33.00 | -17.00 | -46.00 | 4.00 | -33.00 | 13.00 | 19.00 | 77.00 |
| Tax % | -2.00 | 0.00 | 5.00 | 1.00 | -23.00 | -16.00 | -26.00 | -28.00 | -9.00 | -28.00 | 46.00 | 31.00 | 25.00 |
| Net Profit | -54.00 | -129.00 | -53.00 | -143.00 | -13.00 | -27.00 | -12.00 | -33.00 | 4.00 | -24.00 | 7.00 | 13.00 | 58.00 |
| EPS in Rs | -3.77 | -9.07 | -3.72 | -10.08 | -0.92 | -1.93 | -0.87 | -2.33 | 0.28 | -1.68 | 0.50 | 0.94 | 4.08 |
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 | 1,858.00 | 2,178.00 | 2,245.00 | 2,082.00 | 1,290.00 | 619.00 | 1,714.00 | 1,785.00 | 1,410.00 | 1,252.00 | 1,192.00 | 1,017.00 |
| Expenses | 2,099.00 | 2,090.00 | 2,047.00 | 1,765.00 | 1,143.00 | 683.00 | 1,418.00 | 1,558.00 | 1,214.00 | 1,117.00 | 1,082.00 | 938.00 |
| Operating Profit | -241.00 | 88.00 | 198.00 | 317.00 | 147.00 | -64.00 | 296.00 | 227.00 | 196.00 | 134.00 | 110.00 | 79.00 |
| OPM % | -13.00 | 4.00 | 9.00 | 15.00 | 11.00 | -10.00 | 17.00 | 13.00 | 14.00 | 11.00 | 9.00 | 8.00 |
| Other Income | 101.00 | 19.00 | 37.00 | -16.00 | 36.00 | 48.00 | -36.00 | 8.00 | 9.00 | 7.00 | 3.00 | 7.00 |
| Interest | 74.00 | 79.00 | 59.00 | 31.00 | 26.00 | 31.00 | 25.00 | 4.00 | 2.00 | 3.00 | 3.00 | 3.00 |
| Depreciation | 127.00 | 119.00 | 99.00 | 74.00 | 70.00 | 78.00 | 87.00 | 17.00 | 13.00 | 14.00 | 14.00 | 18.00 |
| Profit before tax | -338.00 | -91.00 | 77.00 | 197.00 | 86.00 | -125.00 | 148.00 | 215.00 | 190.00 | 126.00 | 95.00 | 65.00 |
| Tax % | 0.00 | -25.00 | 29.00 | 22.00 | 22.00 | -22.00 | 25.00 | 32.00 | 33.00 | 32.00 | 30.00 | 29.00 |
| Net Profit | -338.00 | -69.00 | 54.00 | 152.00 | 67.00 | -97.00 | 112.00 | 145.00 | 127.00 | 85.00 | 66.00 | 47.00 |
| EPS in Rs | -23.79 | -4.84 | 3.83 | 10.75 | 4.73 | -6.90 | 7.91 | 10.28 | 8.97 | 6.03 | 4.70 | 3.30 |
| Dividend Payout % | 0.00 | 0.00 | 52.00 | 42.00 | 53.00 | 0.00 | 40.00 | 31.00 | 33.00 | 40.00 | 43.00 | 45.00 |
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 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 | 28.00 |
| Reserves | 261.00 | 588.00 | 650.00 | 613.00 | 531.00 | 489.00 | 582.00 | 553.00 | 461.00 | 380.00 | 311.00 | 277.00 |
| Borrowings | 738.00 | 751.00 | 871.00 | 352.00 | 298.00 | 353.00 | 269.00 | 86.00 | 0.00 | 0.00 | 14.00 | 31.00 |
| Other Liabilities | 577.00 | 489.00 | 517.00 | 421.00 | 371.00 | 223.00 | 364.00 | 404.00 | 284.00 | 201.00 | 231.00 | 163.00 |
| Total Liabilities | 1,604.00 | 1,856.00 | 2,067.00 | 1,415.00 | 1,229.00 | 1,094.00 | 1,243.00 | 1,071.00 | 773.00 | 609.00 | 585.00 | 499.00 |
| Fixed Assets | 507.00 | 507.00 | 532.00 | 309.00 | 265.00 | 288.00 | 371.00 | 117.00 | 77.00 | 61.00 | 67.00 | 71.00 |
| CWIP | 15.00 | 18.00 | 14.00 | 15.00 | 7.00 | 2.00 | 3.00 | 6.00 | 3.00 | 1.00 | 1.00 | 1.00 |
| Investments | 73.00 | 6.00 | 3.00 | 23.00 | 42.00 | 141.00 | 41.00 | 1.00 | 72.00 | 68.00 | 0.00 | 0.00 |
| Other Assets | 1,009.00 | 1,326.00 | 1,518.00 | 1,067.00 | 915.00 | 662.00 | 829.00 | 948.00 | 621.00 | 479.00 | 517.00 | 427.00 |
| Total Assets | 1,604.00 | 1,856.00 | 2,067.00 | 1,415.00 | 1,229.00 | 1,094.00 | 1,243.00 | 1,071.00 | 773.00 | 609.00 | 585.00 | 499.00 |
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 | 181.00 | 292.00 | -132.00 | 175.00 | -24.00 | 85.00 | 292.00 | -56.00 | 85.00 | 126.00 | 53.00 | 14.00 |
| Cash from Investing Activity | -48.00 | -46.00 | -76.00 | -84.00 | 146.00 | -145.00 | -85.00 | 16.00 | -29.00 | -73.00 | -8.00 | -3.00 |
| Cash from Financing Activity | -139.00 | -251.00 | 218.00 | -75.00 | -126.00 | 74.00 | -211.00 | 31.00 | -44.00 | -51.00 | -45.00 | -14.00 |
| Net Cash Flow | -6.00 | -5.00 | 10.00 | 16.00 | -3.00 | 14.00 | -4.00 | -9.00 | 13.00 | 2.00 | 0.00 | -3.00 |
| Free Cash Flow | 205.00 | 251.00 | -231.00 | 69.00 | -58.00 | 102.00 | 248.00 | -115.00 | 55.00 | 118.00 | 45.00 | 9.00 |
| CFO/OP % | -76.00 | 336.00 | -53.00 | 72.00 | -10.00 | -137.00 | 112.00 | 7.00 | 76.00 | 123.00 | 73.00 | 44.00 |
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 | 53.00 | 62.00 | 53.00 | 45.00 | 62.00 | 88.00 | 57.00 | 61.00 | 46.00 | 35.00 | 46.00 | 40.00 |
| Inventory Days | 150.00 | 222.00 | 325.00 | 217.00 | 305.00 | 311.00 | 208.00 | 219.00 | 168.00 | 153.00 | 158.00 | 145.00 |
| Days Payable | 143.00 | 123.00 | 145.00 | 112.00 | 166.00 | 159.00 | 135.00 | 132.00 | 113.00 | 78.00 | 89.00 | 76.00 |
| Cash Conversion Cycle | 61.00 | 161.00 | 234.00 | 150.00 | 201.00 | 240.00 | 130.00 | 148.00 | 101.00 | 109.00 | 115.00 | 109.00 |
| Working Capital Days | -35.00 | 36.00 | 48.00 | 57.00 | 91.00 | 62.00 | 72.00 | 85.00 | 76.00 | 73.00 | 74.00 | 71.00 |
| ROCE % | -29.00 | -2.00 | 8.00 | 28.00 | 13.00 | -12.00 | 29.00 | 38.00 | 43.00 | 34.00 | 28.00 | 20.00 |
Corporate Actions
38 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 07 Feb 2024 | 07 Feb 2024 | — | 2.00 | |
| Other | 25 Jul 2023 | — | — | — | Annual General Meeting |
| Dividend | 02 Feb 2023 | 02 Feb 2023 | — | 2.00 | |
| Dividend | 03 Nov 2022 | 04 Nov 2022 | — | 2.50 | |
| Other | 22 Jul 2022 | — | — | — | Annual General Meeting |
| Dividend | 08 Mar 2022 | 09 Mar 2022 | — | 2.50 | |
| Other | 08 Mar 2022 | 09 Mar 2022 | — | — | Interim Dividend |
| Other | 04 Aug 2021 | — | — | — | Annual General Meeting |
| Other | 27 Jul 2020 | — | — | — | Annual General Meeting |
| Dividend | 24 Feb 2020 | 25 Feb 2020 | — | 3.20 | |
| Dividend | 19 Jul 2019 | — | — | 2.00 | |
| Dividend | 18 Feb 2019 | 20 Feb 2019 | — | 1.20 | |
| Dividend | 06 Jul 2018 | — | — | 2.00 | |
| Dividend | 06 Feb 2018 | 07 Feb 2018 | — | 1.00 | |
| Dividend | 14 Jul 2017 | — | — | 1.60 | |
| Dividend | 22 Feb 2017 | 24 Feb 2017 | — | 0.80 | |
| Dividend | 14 Jul 2016 | — | — | 1.40 | |
| Dividend | 08 Feb 2016 | 09 Feb 2016 | — | 0.60 | |
| Dividend | 10 Jul 2015 | — | — | 1.00 | |
| Dividend | 03 Feb 2015 | 04 Feb 2015 | — | 0.50 | |
| Dividend | 27 Jun 2014 | — | — | 1.20 | |
| Other | 27 Jun 2014 | — | — | — | Annual General Meeting And Dividend - Rs 1.20 Per Equity Share |
| Dividend | 14 Feb 2014 | 17 Feb 2014 | — | 0.50 | |
| Dividend | 14 Jun 2013 | — | — | 1.00 | |
| Other | 14 Jun 2013 | — | — | — | Annual General Meeting And Dividend @ Re 1 Per Equity Share |
| Dividend | 31 Aug 2012 | — | — | 1.00 | |
| Dividend | 10 Feb 2012 | 13 Feb 2012 | — | 0.60 | |
| Split | 31 Oct 2011 | 01 Nov 2011 | 10:2 | — | |
| Dividend | 16 Sep 2011 | — | — | 7.00 | |
| Dividend | 01 Feb 2011 | 02 Feb 2011 | — | 3.00 | |
| Dividend | 02 Jul 2010 | — | — | 3.00 | |
| Dividend | 04 Feb 2010 | 05 Feb 2010 | — | 2.00 | |
| Dividend | 28 Aug 2009 | — | — | 1.00 | |
| Dividend | 14 Aug 2008 | — | — | 3.00 | |
| Dividend | 14 Sep 2007 | — | — | 2.50 | |
| Dividend | 06 Sep 2006 | — | — | 2.00 | |
| Dividend | 12 Aug 2005 | — | — | 2.00 | |
| Dividend | 16 Aug 2001 | — | — | 2.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Aug from crisil
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Rating update6 Aug from crisil
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Rating update30 Jul from crisil
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Rating update25 Jun from crisil
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Rating update6 Mar from crisil
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Rating update23 Dec 2025 from crisil
Conference Calls
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