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VIP Industries (VIPIND) is loss-making over the last 12 months, losing ₹378 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹239.55, 45% below its 52-week high. Sales fell 3.8% a year over 3 years. Debt is 3.36× equity. It is a small-cap company with a market cap of ₹3,403 Cr, ranked 6th of 27 Footwear & Accessories companies by market cap; the shares fell 38% 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
₹248.00
Day high
₹248.05
Day low
₹238.95
Prev. close
₹250.35
Volume
5.3 L

Health check

6 to check
  • ReturnsBehind

    −38.4% over a year, better than 2 of 7 peers.

  • Price tagLoss-making

    Earnings were negative over the last 12 months.

  • GrowthShrinking

    Sales −3.8% a year over 3 years.

  • ProfitabilityNegative

    ROCE -50.6% vs peer median 18.6%.

  • Balance sheetStretched

    Debt 3.36× equity, operating profit doesn’t cover interest, Piotroski 3 of 9.

  • Red flags5 to check

    Loss-making over the last twelve months.

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

Footwear & Accessories

26 listed peers. Screen the industry

Small cap

₹3,403 Cr, #6 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,875 Cr · profit ₹−378 Cr
Market cap
₹3,403 Cr
Small cap
P/E
n/a
Industry 35.5
Price to book
16.30
Peers 5.14
Dividend yield
0.00%
ROE
−74.6%
Peers 10.9%
ROCE
−50.6%
Peers 18.6%
Debt to equity
3.36
Debt ₹700 Cr
EPS (TTM)
−₹27.65
Face value ₹2
OPM (TTM)
−14.7%
Net margin −20.2%
Sales growth
+3.0%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
1.81
EV/EBITDA −11.4

Strengths and risks

Risks to check

  • Loss-making over the last twelve months.
  • Return on equity is low at −74.6%.
  • Debt is 3.36× equity.
  • 45% below its 52-week high.
  • Interest coverage of only −4.8×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About VIP Industries

V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. It offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. The company sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. It also exports its products. The company was incorporated in 1968 and…

Headquarters
Mumbai
Employees
4,453
Sector
Consumer Cyclical
ISIN
INE054A01027
Website
vipindustries.co.in

Price range

52 weeks

₹238.95₹435.00

Today

₹238.95₹248.05
Avg volume (3M)
2.9 L
1-year return
minus 38.4%
From 52-week high
minus 44.9%

Analyst consensus

7 analysts
No consensusMean target ₹300.29 plus 25.4%

Target range, with today’s price

Low ₹200.00High ₹385.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Footwear & Accessories

Compare with peersScreen the whole industry
Company
BATAINDIABata India638.05plus 0.06%8,20154.56.6111.2%10.9%19.7%0.6%−25.4%5.33%minus 40.2%
RELAXORelaxo Footwears292.10plus 0.21%7,27139.23.29–8.4%9.6%−0.9%5.1%1.20%minus 32.7%
SAFARISafari Industries (India)1,254.40plus 0.39%6,14639.75.1418.6%16.2%9.6%19.1%10.3%0.32%minus 40.6%
CAMPUSCampus Activewear197.99minus 1.03%6,05239.36.6720.7%18.1%45.0%6.1%8.6%0.76%minus 27.5%
REDTAPERedtape106.57minus 0.91%5,89123.26.0029.5%26.6%15.1%18.3%19.2%1.88%minus 21.5%
VIPINDVIP Industries239.55minus 4.31%3,403–16.30−50.6%−74.6%−14.7%−3.8%–0.00%minus 38.4%
BILBhartiya International1,071.00minus 2.74%1,43655.82.9112.4%2.9%8.9%18.9%−40.1%0.00%plus 29.5%
SREELSreeleathers272.70plus 1.28%63119.01.27–6.7%14.9%––0.73%plus 19.3%
Median of 7 peers–0.06%6,05239.35.1418.6%10.9%14.9%12.2%6.9%0.76%−27.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
561406454436578
537513531518589
24.7−106−76.8−82.2−11
4.4%−26.2%−16.9%−18.8%−1.9%
4.610.73.33.73.9
16.717.61620.116.2
31.6333230.731.4
1.94.371.20.5–
−17.1−142−50.2−129−54.7
23.2%−0.9%−5.2%−0.1%2.0%
−13.1−143−52.9−129−53.6
-0.92-10.08-10.08-3.72-3.77

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−3.8%
ROE
−74.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,0792,2382,1651,852
–+7.7%minus 3.3%minus 14.5%
1,7502,0342,0812,084
32920483.8−232
15.8%9.1%3.9%−12.5%
−3−8.7−9.2−9.7
25.546.35648.6
73.799.5119127
−30.127.59.279.4
19776.6−91.2−338
22.5%29.1%24.6%0.0%
15254.3−68.8−338
–minus 64.4%minus 226.7%–
10.723.82-4.84-23.79

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
28.328.428.428.4
613650588261
352871751738
421517489577
1,4152,0671,8561,604
320541523517
14.713.322.715.2
11.85.52.6
55.644.645.9114
1,0241,4661,259955
1,4152,0671,8561,604

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
175−132292181
−84.5−76−46.3−48.3
−74.6218−251−139
15.910.3−5.5−6.3
−107−100−43.1−48
68−232249133
−63.8−28.8−0.7−0.5

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 38.4% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you