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VIP Clothing (VIPCLOTHNG) had a P/E of 17.2× on 6 Nov 2026, in line with the industry P/E of 17.2×, and the shares are 52% below their 52-week high. It earns ROCE of 10% and ROE of 5.2%, and sales and net profit grew 8.3% and 14% a year over 3 years. Debt is 0.36× equity. It is a small-cap company with a market cap of ₹162 Cr, ranked 25th of 61 Apparel Manufacturing companies by market cap; the shares fell 46% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹18.50
Day high
₹18.73
Day low
₹17.00
Prev. close
₹18.11
Volume
1.3 L

Health check

3 fair · 3 to check
  • ReturnsBehind

    −46.5% over a year, better than 1 of 7 peers.

  • Price tagIn line

    P/E 17.2 vs industry 17.2.

  • GrowthSteady

    Sales +8.3%, profit +13.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.1% vs peer median 20.1%.

  • Balance sheetFair

    Debt 0.36× equity, interest covered 2.4×, Piotroski 8 of 9.

  • Red flags5 to check

    Return on equity is low at 5.2%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Apparel Manufacturing

60 listed peers. Screen the industry

Small cap

₹162 Cr, #25 of 61 in its industry by size.

Defensive

Beta 0.38 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹253 Cr · profit ₹10 Cr
Market cap
₹162 Cr
Small cap
P/E
17.2
Industry 17.2
Price to book
0.83
Peers 5.48
Dividend yield
0.00%
ROE
5.2%
Peers 20.0%
ROCE
10.1%
Peers 20.1%
Debt to equity
0.36
Debt ₹70 Cr
EPS (TTM)
₹1.04
Face value ₹2
OPM (TTM)
8.6%
Net margin 3.8%
Sales growth
−1.2%
Latest quarter vs a year ago
Profit growth
−13.9%
Latest quarter vs a year ago
Price to sales
0.64
EV/EBITDA 10.1

Strengths and risks

Risks to check

  • Return on equity is low at 5.2%.
  • Quarterly profit down 13.9% on a year ago.
  • Quarterly sales down 1.2% on a year ago.
  • 52% below its 52-week high.
  • Interest coverage of only 2.8×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About VIP Clothing

VIP Clothing Limited engages in the manufacture, trading, marketing, and distribution of garments in India. The company provides 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.

Headquarters
Mumbai
Employees
555
Sector
Consumer Cyclical
ISIN
INE450G01024
Website
vipclothing.in

Price range

52 weeks

₹14.05₹37.55

Today

₹17.00₹18.73
Avg volume (3M)
53.6K
1-year return
minus 46.5%
From 52-week high
minus 52.3%

Peers · Apparel Manufacturing

Compare with peersScreen the whole industry
Company
PAGEINDPage Industries35,930.00plus 1.15%40,07653.026.6761.5%52.5%21.4%3.8%10.2%2.23%minus 11.5%
PGILPearl Global Industries1,338.800.00%12,36839.98.4620.1%21.2%9.0%17.5%23.0%0.54%plus 105.8%
MANYAVARVedant Fashions472.80minus 6.51%11,48829.85.4822.3%20.0%44.0%1.9%−4.3%1.64%minus 21.6%
GOKEXGokaldas Exports682.95minus 7.32%5,00437.82.328.9%4.7%8.2%20.9%−16.7%0.00%minus 14.5%
ABFRLAditya Birla Fashion and Retail39.02minus 6.61%4,748–0.91−3.2%−12.3%8.9%−13.0%–0.00%minus 50.3%
LUXINDLux Industries1,162.40plus 0.41%3,49634.11.869.3%5.9%6.4%7.2%−9.9%0.17%minus 7.5%
SBCSBC Exports68.70plus 2.86%3,27180.832.4836.4%41.5%8.7%27.2%54.1%0.00%plus 176.0%
VIPCLOTHNGVIP Clothing17.92minus 1.05%16217.20.8310.1%5.2%8.6%8.3%13.9%0.00%minus 46.5%
Median of 7 peers–0.00%5,00438.95.4820.1%20.0%8.9%7.2%2.9%0.17%−11.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
65.466.150.871.564.7
59.259.947.164.759.6
6.26.13.76.85.1
9.5%9.3%7.2%9.5%7.8%
0.10.20.50.20.2
2.42.22.21.91.9
0.70.70.60.60.7
3.33.41.44.52.6
32.0%34.5%32.1%0.8%27.4%
2.22.20.94.41.9
0.250.250.100.480.21

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+8.3%
Profit CAGR 3Y
+13.9%
EPS CAGR 3Y
+10.2%
ROE
5.2%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
199182236253
–minus 8.7%+29.7%+7.3%
184186218229
15−4.817.723.9
7.5%−2.6%7.5%9.5%
−1.6−0.8−0.4−0.1
77.97.38.7
3.12.72.92.6
5.1−00−0
8.3−16.1712.5
20.1%21.6%22.3%21.6%
6.6−12.75.59.8
–minus 290.6%–+79.8%
0.80-1.520.621.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16.516.51818
135122167176
88.680.582.369.7
4651.762.564.2
286271329328
2829.827.725.8
0.1020
154.38.28.9
243237291294
286271329328

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
13.110.4−37.420.2
11.1−0.23.91.8
−14.3−21.233.8−21.9
9.9−110.40
−0.2−0.2−0.6−0
12.910.3−3820.2

Shareholding pattern

Source: NSE filings
46.5%
promoters
  • Promoters46.55%
  • Public53.45%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202646.55%53.45%0.00
30 Jun 202646.55%53.45%0.00
31 Mar 202646.55%53.45%0.00
31 Dec 202546.55%53.45%0.00
30 Sep 202546.55%53.45%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you