About
Vipul Limited engages in the development of real estate properties in India. Its project portfolio includes a range of residential properties, such as integrated townships, villas, and communities, as well as commercial and retail properties. The company was formerly known as Vipul Infrastructure Developers Ltd and changed its name to Vipul Limited in January 2006. Vipul Limited was incorporated in 1991 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap197 Cr
P/E—
Div Yield0.00 %
Book Value₹29.30
52w High₹18.70
52w Low₹7.38
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.19 | 7.95 | 1.69 | 44.26 | 11.26 | 15.70 | 15.86 | 35.77 | 157.14 | 7.47 | 6.11 | 8.11 | 6.28 |
| Expenses | 10.53 | 11.06 | 14.28 | 67.66 | 9.03 | 10.92 | 12.48 | 20.42 | 78.28 | 10.69 | 12.40 | 12.76 | 11.26 |
| Operating Profit | -1.34 | -3.11 | -12.59 | -23.40 | 2.23 | 4.78 | 3.38 | 15.35 | 78.86 | -3.22 | -6.29 | -4.65 | -4.98 |
| OPM % | -14.58 | -39.12 | -744.97 | -52.87 | 19.80 | 30.45 | 21.31 | 42.91 | 50.18 | -43.11 | -102.95 | -57.34 | -79.30 |
| Other Income | 3.24 | 10.74 | 11.81 | 2.29 | 2.87 | 3.20 | 2.73 | 211.31 | 13.54 | 2.34 | 2.11 | 3.69 | 2.33 |
| Depreciation | 0.26 | 0.12 | 0.12 | 0.74 | 0.69 | 0.69 | 0.69 | 0.69 | 0.71 | 0.72 | 0.63 | 0.68 | 0.71 |
| Interest | 0.43 | 0.28 | 0.52 | 13.07 | 0.68 | 6.14 | 3.61 | -3.27 | 10.26 | 6.57 | 10.51 | 6.28 | 10.57 |
| Profit before tax | 1.21 | 7.23 | -1.42 | -34.92 | 3.73 | 1.15 | 1.81 | 229.24 | 81.43 | -8.17 | -15.32 | -7.92 | -13.93 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 | 11.57 | 22.41 | 109.06 | 0.00 | -12.50 | -0.07 |
| Net Profit | 1.21 | 7.24 | -1.42 | -34.95 | 3.73 | 1.14 | 1.81 | 202.72 | 63.18 | -17.08 | -15.31 | -6.92 | -13.92 |
| EPS in Rs | 0.09 | 0.51 | -0.10 | -2.48 | 0.26 | 0.08 | 0.13 | 16.90 | 5.27 | -1.42 | -1.28 | -0.58 | -1.16 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87.00 | 206.00 | 75.00 | 138.00 | 37.00 | 176.00 | 226.00 | 284.00 | 232.00 | 185.00 | 234.00 | 261.00 |
| Expenses | 99.00 | 122.00 | 59.00 | 160.00 | 90.00 | 203.00 | 196.00 | 253.00 | 212.00 | 172.00 | 224.00 | 251.00 |
| Operating Profit | -12.00 | 85.00 | 16.00 | -22.00 | -53.00 | -26.00 | 30.00 | 31.00 | 20.00 | 13.00 | 10.00 | 10.00 |
| OPM % | -14.00 | 41.00 | 22.00 | -16.00 | -141.00 | -15.00 | 13.00 | 11.00 | 9.00 | 7.00 | 4.50 | 4.00 |
| Other Income | 11.00 | 229.00 | -85.00 | 5.00 | 13.00 | 25.00 | 7.00 | 8.00 | 4.00 | 11.00 | 3.00 | 5.00 |
| Interest | 25.00 | 24.00 | 38.00 | 29.00 | 30.00 | 32.00 | 33.00 | 36.00 | 34.00 | 33.00 | 26.00 | 19.00 |
| Depreciation | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 5.00 | 6.00 | 6.00 | 2.00 | 1.00 | 1.00 |
| Profit before tax | -28.00 | 287.00 | -109.00 | -49.00 | -73.00 | -38.00 | -2.00 | -3.00 | -15.00 | -11.00 | -13.00 | -6.00 |
| Tax % | 0.00 | 19.00 | 7.00 | -14.00 | -24.00 | -10.00 | -170.00 | 45.00 | -22.00 | -7.00 | -16.00 | 36.00 |
| Net Profit | -28.00 | 234.00 | -117.00 | -42.00 | -56.00 | -34.00 | 1.00 | -5.00 | -12.00 | -10.00 | -11.00 | -8.00 |
| EPS in Rs | -2.01 | 19.46 | -9.78 | -3.49 | -4.63 | -2.86 | 0.10 | -0.40 | -0.99 | -0.82 | -0.94 | -0.66 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 49.00 | -13.00 | -5.00 | 0.00 | 0.00 | -8.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 14.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves | 399.00 | 363.00 | 340.00 | 103.00 | 219.00 | 260.00 | 315.00 | 354.00 | 354.00 | 346.00 | 358.00 | 368.00 | 379.00 |
| Borrowings | 80.00 | 85.00 | 188.00 | 266.00 | 603.00 | 633.00 | 641.00 | 652.00 | 665.00 | 457.00 | 379.00 | 299.00 | 142.00 |
| Other Liabilities | 698.00 | 728.00 | 716.00 | 1,009.00 | 1,011.00 | 984.00 | 935.00 | 851.00 | 687.00 | 688.00 | 709.00 | 658.00 | 678.00 |
| Total Liabilities | 1,191.00 | 1,190.00 | 1,255.00 | 1,390.00 | 1,845.00 | 1,889.00 | 1,903.00 | 1,869.00 | 1,717.00 | 1,503.00 | 1,458.00 | 1,337.00 | 1,211.00 |
| Fixed Assets | 19.00 | 52.00 | 46.00 | 48.00 | 59.00 | 67.00 | 70.00 | 82.00 | 100.00 | 96.00 | 71.00 | 28.00 | 29.00 |
| CWIP | 5.00 | 5.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 11.00 | 11.00 | 10.00 | 28.00 | 44.00 | 23.00 |
| Investments | 4.00 | 2.00 | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 7.00 | 7.00 | 3.00 | 13.00 | 13.00 | 12.00 |
| Other Assets | 1,163.00 | 1,130.00 | 1,190.00 | 1,324.00 | 1,768.00 | 1,804.00 | 1,814.00 | 1,770.00 | 1,599.00 | 1,394.00 | 1,345.00 | 1,252.00 | 1,147.00 |
| Total Assets | 1,191.00 | 1,190.00 | 1,255.00 | 1,390.00 | 1,845.00 | 1,889.00 | 1,903.00 | 1,869.00 | 1,717.00 | 1,503.00 | 1,458.00 | 1,337.00 | 1,211.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 43.00 | -112.00 | 421.00 | 17.00 | 258.00 | 116.00 | -3.00 | -166.00 | -56.00 | -46.00 | -109.00 | 30.00 |
| Cash from Investing Activity | 12.00 | 207.00 | 9.00 | 16.00 | 16.00 | 7.00 | 21.00 | 4.00 | -2.00 | -18.00 | -20.00 | -7.00 |
| Cash from Financing Activity | -77.00 | -138.00 | -357.00 | -43.00 | -265.00 | -115.00 | -26.00 | 165.00 | 50.00 | 46.00 | 131.00 | -22.00 |
| Net Cash Flow | -22.00 | -43.00 | 73.00 | -10.00 | 9.00 | 9.00 | -8.00 | 4.00 | -8.00 | -18.00 | 1.00 | 1.00 |
| Free Cash Flow | 42.00 | -105.00 | 421.00 | 18.00 | 259.00 | 118.00 | 6.00 | -167.00 | -62.00 | -75.00 | -131.00 | 21.00 |
| CFO/OP % | -352.00 | -105.00 | 2,620.00 | -87.00 | -490.00 | -455.00 | 14.00 | -558.00 | -260.00 | -337.00 | -965.00 | 270.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,142.00 | 439.00 | 608.00 | 855.00 | 3,254.00 | 792.00 | 532.00 | 280.00 | 290.00 | 391.00 | 212.00 | 160.00 |
| Inventory Days | — | 6,783.00 | — | 4,824.00 | — | — | — | — | — | — | — | — |
| Days Payable | — | 846.00 | — | 421.00 | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 1,142.00 | 6,377.00 | 608.00 | 5,258.00 | 3,254.00 | 792.00 | 532.00 | 280.00 | 290.00 | 391.00 | 212.00 | 160.00 |
| Working Capital Days | 855.00 | 292.00 | 141.00 | 213.00 | 1,375.00 | 1,002.00 | 958.00 | 730.00 | 627.00 | 860.00 | 643.00 | 430.00 |
| ROCE % | 0.00 | 66.00 | 4.00 | -2.00 | -5.00 | -2.00 | 3.00 | 4.00 | 2.00 | 3.00 | 2.00 | 3.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 13 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 21 Mar 2024 | — | — | — | E.G.M. |
| Other | 21 Mar 2024 | — | — | — | Extra Ordinary General Meeting |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 12 Sep 2019 | — | — | 0.05 | |
| Dividend | 19 Sep 2018 | — | — | 0.05 | |
| Dividend | 13 Sep 2017 | — | — | 0.04 | |
| Dividend | 23 Nov 2016 | 24 Nov 2016 | — | 0.01 | |
| Other | 15 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2015 | — | — | — | Annual General Meeting |
| Dividend | 17 Sep 2014 | — | — | 0.05 | |
| Dividend | 18 Sep 2013 | — | — | 0.15 | |
| Dividend | 05 Dec 2012 | — | — | 0.15 | |
| Dividend | 21 Sep 2011 | — | — | 0.15 | |
| Dividend | 22 Sep 2010 | — | — | 0.12 | |
| Split | 04 May 2010 | 05 May 2010 | 2:1 | — | |
| Dividend | 19 Nov 2009 | — | — | 0.25 | |
| Dividend | 12 Dec 2008 | — | — | 0.35 | |
| Dividend | 25 Sep 2007 | — | — | 1.50 | |
| Bonus | 08 Mar 2007 | 22 Mar 2007 | 1:1 | — | |
| Dividend | 14 Sep 2006 | — | — | 1.00 | |
| Dividend | 15 Sep 2005 | — | — | 0.75 |
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 Feb from brickwork
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Rating update13 Feb 2025 from brickwork
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Rating update29 Nov 2023 from brickwork
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Rating update3 Oct 2022 from brickwork
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Rating update5 Jul 2021 from brickwork
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Rating update6 Jul 2020 from brickwork