V.I.P. Industries Limited

NSE: VIPIND · Plastic Products - Consumer

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52W Range₹241 – ₹435

Snapshot

Unlock V.I.P. Industries Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

V.I.P. Industries Limited is a prominent Indian manufacturer and retailer of luggage, bags, and travel accessories. The company operates a diverse portfolio of brands including VIP, Caprese, Carlton, Skybags, Alfa, Footloose, and Aristocrat, catering to various consumer segments.

Business Model

The company generates revenue through the design, manufacture, and sale of hard and soft luggage, backpacks, and travel accessories across domestic and international markets. It leverages a multi-brand strategy to address different price points and consumer preferences, distributing products through an extensive retail and export network.

  • Export Presence:45 countries
  • Incorporation Year:1968

Growth Outlook

Growth is expected to be driven by the expansion of its diverse brand portfolio and the strengthening of its international footprint across 45 countries. Continued focus on product innovation in both hard and soft luggage categories remains a key priority.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of polymers and other raw materials used in luggage manufacturing can significantly impact profit margins.
  • Intense Market Competition. The company faces stiff competition from both established international brands and unorganised local players in the Indian luggage market.
  • Economic Sensitivity. Demand for travel-related products is highly sensitive to macroeconomic conditions and consumer discretionary spending patterns.
  • Supply Chain Disruptions. Dependence on global supply chains for components and export logistics exposes the company to geopolitical and trade-related risks.

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Key Metrics

REVENUE

₹1,875 Cr

TTM · consolidated

-10.8%YoY

NET PROFIT

₹-378 Cr

TTM · consolidated

-340.4%YoY

EPS

₹-26.64

TTM · consolidated

-341.1%YoY

RETURN ON EQUITY

-83.6%

TTM · consolidated

-69.7 ppYoY

RETURN ON CAPITAL EMPLOYED

-41.3%

TTM · consolidated

-36.8 ppYoY

P/E

-10.5×

Q1 FY27 · consolidated

-10.5 vs 207.8x5Y avg

EV/EBITDA

-18.2x

Q1 FY27 · consolidated

-18.2 vs 15.5x5Y avg

EBITDA MARGIN

-13.6%

TTM · consolidated

-17.0 ppYoY

NET PROFIT MARGIN

-9.3%

Q1 FY27 · consolidated

-7.0 ppYoY

DEBT TO EQUITY

1.4x

Q1 FY27 · consolidated

+0.75xYoY

Peers · Plastic Products - Consumer

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
V.I.P. Industries LimitedVIPIND
₹4,246 Cr-10.5×-18.16-10.8%-13.6%-83.6%-41.3%-32.5%
Safari Industries (India) LimitedSAFARI
₹7,308 Cr40.9×24.9014.0%13.9%16.0%19.6%-36.8%
Nilkamal LtdNILKAMAL
₹2,806 Cr22.4×8.287.6%9.7%8.2%10.2%+20.0%
Bai-Kakaji Polymers LimitedBAIKAKAJI
₹643 Cr———14.0%———
Wim PlastWIMPLAST
₹401 Cr6.7×—1.0%25.1%11.6%15.1%—

As of Q1 FY27

Financials