VIP Industries Limited manufactures and sells luggage bags and accessories in India.
High growth potential with adequate balance sheet and pays a dividend.
Share Price & News
How has VIP Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 507880 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 507880 underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: 507880 underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is VIP Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is VIP Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 507880 (₹457.3) is trading above our estimate of fair value (₹233.88)
Significantly Below Fair Value: 507880 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 507880 is poor value based on its PE Ratio (50.7x) compared to the Luxury industry average (11.2x).
PE vs Market: 507880 is poor value based on its PE Ratio (50.7x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: 507880 is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: 507880 is overvalued based on its PB Ratio (10.5x) compared to the IN Luxury industry average (0.5x).
How is VIP Industries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 507880's forecast earnings growth (24.3% per year) is above the savings rate (6.5%).
Earnings vs Market: 507880's earnings (24.3% per year) are forecast to grow faster than the Indian market (20.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 507880's revenue (11.6% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 507880's revenue (11.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 507880's Return on Equity is forecast to be high in 3 years time (27.7%)
How has VIP Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 507880 has a large one-off loss of ₹470.5M impacting its December 31 2019 financial results.
Growing Profit Margin: 507880's current net profit margins (6.9%) are lower than last year (9.1%).
Past Earnings Growth Analysis
Earnings Trend: 507880's earnings have grown by 20% per year over the past 5 years.
Accelerating Growth: 507880's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 507880 had negative earnings growth (-17.8%) over the past year, making it difficult to compare to the Luxury industry average (5.6%).
Return on Equity
High ROE: 507880's Return on Equity (20.7%) is considered high.
Return on Assets
Return on Capital Employed
How is VIP Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 507880's short term assets (₹8.5B) exceed its short term liabilities (₹4.4B).
Long Term Liabilities: 507880's short term assets (₹8.5B) exceed its long term liabilities (₹2.1B).
Debt to Equity History and Analysis
Debt Level: 507880's debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 507880's debt to equity ratio has increased from 9.1% to 12.6% over the past 5 years.
Debt Coverage: 507880's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 507880's interest payments on its debt are well covered by EBIT (18.4x coverage).
Inventory Level: 507880 has a high level of physical assets or inventory.
Debt Coverage by Assets: 507880's debt is covered by short term assets (assets are 10.9x debt).
What is VIP Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 507880's dividend (1.14%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 507880's dividend (1.14%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 507880's dividend payments have been volatile in the past 10 years.
Growing Dividend: 507880's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.7%), 507880's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 507880's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Sudip Ghose (46yo)
Mr. Sudip Ghose has been Managing Director at VIP Industries Limited from April 1, 2019 and serves as its Additional Director since February 8, 2019. He had been the Chief Executive Officer at VIP Industri ...
CEO Compensation Analysis
Compensation vs Market: Sudip's total compensation ($USD367.53K) is about average for companies of similar size in the Indian market ($USD387.20K).
Compensation vs Earnings: Insufficient data to compare Sudip's compensation with company performance.
|MD & Additional Director||1.8yrs||₹26.30m||no data|
|Executive Vice Chairperson||2.8yrs||₹34.12m||0.16% ₹100.3m|
|Independent Non-Executive Director||32.3yrs||₹400.00k||no data|
|Independent Non-Executive Director||0.8yrs||no data||no data|
|Non-Executive Chairman||6.8yrs||₹18.78m||0.41% ₹263.2m|
|Independent Non-Executive Director||0.8yrs||no data||no data|
|Independent Director||4.8yrs||₹200.00k||no data|
|Independent Non-Executive Director||0.8yrs||no data||0.082% ₹52.5m|
Experienced Board: 507880's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VIP Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: VIP Industries Limited
- Ticker: 507880
- Exchange: BSE
- Founded: 1968
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: ₹63.685b
- Shares outstanding: 141.32m
- Website: https://www.vipindustries.co.in
Number of Employees
- VIP Industries Limited
- DGP House, 88C
- 5th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|507880||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jun 2000|
|VIPIND||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jun 2000|
VIP Industries Limited manufactures and sells luggage bags and accessories in India. It offers hard and soft luggage, including ladies handbags, printed polycarbonate luggage products, soft uprights, vanity cases, hard suitcases, briefcases, trolleys, rucksacks, backpacks, duffel-bags, laptop bags, school bags, everyday travel accessories, and short haul products. The company provides its products primarily under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands. VIP Industries Limited sells its products through hypermarket and e-commerce channels, as well as company-owned and exclusive franchise stores. The company exports its products to 31 international locations, including the United Arab Emirates, the United States, Oman, and Bahrain. VIP Industries Limited was incorporated in 1968 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 12:47|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.