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VIP Industries

NSEI:VIPIND
Snowflake Description

Flawless balance sheet with outstanding track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VIPIND
NSEI
₹67B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

VIP Industries Limited manufactures and sells luggage bags and accessories in India. The last earnings update was 73 days ago. More info.


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VIPIND Share Price and Events
7 Day Returns
-3.9%
NSEI:VIPIND
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
9.9%
NSEI:VIPIND
-3.2%
IN Luxury
-0.7%
IN Market
VIPIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VIP Industries (VIPIND) -3.9% 4% -6.4% 9.9% 300.9% 374.7%
IN Luxury 0.9% 1.7% 8.7% -3.2% 48.8% 161.5%
IN Market 0.8% 2.8% 5.9% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • VIPIND outperformed the Luxury industry which returned -3.2% over the past year.
  • VIPIND outperformed the Market in India which returned -0.7% over the past year.
Price Volatility
VIPIND
Industry
5yr Volatility vs Market

Value

 Is VIP Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of VIP Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for VIP Industries.

NSEI:VIPIND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:VIPIND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (0%))
0.819
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.819 * 8.6%)
14.59%

Discounted Cash Flow Calculation for NSEI:VIPIND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for VIP Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:VIPIND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.59%)
2019 741.00 Analyst x3 646.66
2020 1,002.50 Analyst x4 763.48
2021 1,524.50 Analyst x4 1,013.20
2022 1,791.75 Est @ 17.53% 1,039.21
2023 2,052.20 Est @ 14.54% 1,038.73
2024 2,307.50 Est @ 12.44% 1,019.25
2025 2,560.71 Est @ 10.97% 987.09
2026 2,815.41 Est @ 9.95% 947.09
2027 3,075.20 Est @ 9.23% 902.78
2028 3,343.48 Est @ 8.72% 856.57
Present value of next 10 years cash flows ₹9,214.06
NSEI:VIPIND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹3,343.48 × (1 + 7.55%) ÷ (14.59% – 7.55%)
₹51,084.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹51,084.41 ÷ (1 + 14.59%)10
₹13,087.38
NSEI:VIPIND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹9,214.06 + ₹13,087.38
₹22,301.45
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹22,301.45 / 141.32
₹157.81
NSEI:VIPIND Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:VIPIND represents 1.00435x of BSE:507880
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00435x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 157.81 x 1.00435
₹158.50
Value per share (INR) From above. ₹158.50
Current discount Discount to share price of ₹461.65
= -1 x (₹461.65 - ₹158.50) / ₹158.50
-191.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of VIP Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for VIP Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VIP Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:VIPIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹10.97
BSE:507880 Share Price ** BSE (2019-04-22) in INR ₹459.65
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of VIP Industries.

NSEI:VIPIND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:507880 Share Price ÷ EPS (both in INR)

= 459.65 ÷ 10.97

41.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VIP Industries is overvalued based on earnings compared to the IN Luxury industry average.
  • VIP Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does VIP Industries's expected growth come at a high price?
Raw Data
NSEI:VIPIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
24.6%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:VIPIND PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.9x ÷ 24.6%

1.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VIP Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on VIP Industries's assets?
Raw Data
NSEI:VIPIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹39.40
BSE:507880 Share Price * BSE (2019-04-22) in INR ₹459.65
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:VIPIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:507880 Share Price ÷ Book Value per Share (both in INR)

= 459.65 ÷ 39.40

11.67x

* Primary Listing of VIP Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • VIP Industries is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess VIP Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. VIP Industries has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is VIP Industries expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VIP Industries expected to grow at an attractive rate?
  • VIP Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • VIP Industries's earnings growth is expected to exceed the India market average.
  • VIP Industries's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:VIPIND Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:VIPIND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 24.6%
NSEI:VIPIND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 19.2%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:VIPIND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:VIPIND Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 25,996 1,761 2,468 4
2020-03-31 21,592 1,229 1,866 5
2019-03-31 17,943 913 1,505 5
NSEI:VIPIND Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 17,122 1,550
2018-09-30 16,201 1,581
2018-06-30 15,276 1,491
2018-03-31 14,096 859 1,268
2017-12-31 13,737 1,095
2017-09-30 13,373 985
2017-06-30 13,081 934
2017-03-31 12,515 1,265 852
2016-12-31 12,433 779
2016-09-30 12,272 728
2016-06-30 12,372 719
2016-03-31 12,165 534 665

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VIP Industries's earnings are expected to grow significantly at over 20% yearly.
  • VIP Industries's revenue is expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:VIPIND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from VIP Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VIPIND Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 17.45 20.00 15.00 4.00
2020-03-31 13.19 13.60 12.90 5.00
2019-03-31 10.64 11.10 10.30 5.00
NSEI:VIPIND Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 10.97
2018-09-30 11.19
2018-06-30 10.55
2018-03-31 8.97
2017-12-31 7.74
2017-09-30 6.97
2017-06-30 6.61
2017-03-31 6.03
2016-12-31 5.51
2016-09-30 5.15
2016-06-30 5.09
2016-03-31 4.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • VIP Industries is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess VIP Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
VIP Industries has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has VIP Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare VIP Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • VIP Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • VIP Industries's 1-year earnings growth exceeds its 5-year average (41.6% vs 25.2%)
  • VIP Industries's earnings growth has exceeded the IN Luxury industry average in the past year (41.6% vs 14.8%).
Earnings and Revenue History
VIP Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from VIP Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:VIPIND Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 17,122.40 1,550.40 3,270.60
2018-09-30 16,201.40 1,581.00 3,138.90
2018-06-30 15,275.80 1,491.20 3,045.90
2018-03-31 14,095.90 1,267.50 2,982.60
2017-12-31 13,737.00 1,094.90 2,784.80
2017-09-30 13,373.40 985.40 2,727.80
2017-06-30 13,081.00 934.10 2,697.70
2017-03-31 12,515.40 852.10 2,649.50
2016-12-31 12,432.70 778.70 2,498.80
2016-09-30 12,271.80 727.60 2,473.10
2016-06-30 12,372.30 719.40 2,421.70
2016-03-31 12,164.50 664.60 2,403.00
2015-03-31 10,476.90 465.90 2,114.30
2014-03-31 9,728.20 576.40 3,127.30
2013-03-31 8,376.60 315.20 2,853.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • VIP Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • VIP Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • VIP Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess VIP Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
VIP Industries has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is VIP Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up VIP Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VIP Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VIP Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VIP Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • VIP Industries has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from VIP Industries Company Filings, last reported 3 months ago.

NSEI:VIPIND Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,571.60 0.00 966.20
2018-09-30 5,571.60 0.00 966.20
2018-06-30 4,890.90 0.00 919.00
2018-03-31 4,890.90 0.00 919.00
2017-12-31 4,445.40 26.70 1,155.50
2017-09-30 4,445.40 26.70 1,155.50
2017-06-30 4,083.50 0.00 785.40
2017-03-31 4,079.00 0.00 755.40
2016-12-31 3,868.80 37.70 796.70
2016-09-30 3,868.80 37.70 796.70
2016-06-30 3,393.10 142.00 80.30
2016-03-31 3,393.10 142.80 80.30
2015-03-31 3,057.50 310.30 75.20
2014-03-31 2,870.20 160.80 110.90
2013-03-31 2,575.50 399.80 121.70
  • VIP Industries has no debt.
  • VIP Industries has no debt compared to 5 years ago when it was 7.8%.
  • VIP Industries has no debt, it does not need to be covered by operating cash flow.
  • VIP Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess VIP Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. VIP Industries has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is VIP Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.7%
Current annual income from VIP Industries dividends. Estimated to be 1.07% next year.
If you bought ₹2,000 of VIP Industries shares you are expected to receive ₹14 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • VIP Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • VIP Industries's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:VIPIND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:VIPIND Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 5.25 2.00
2020-03-31 4.60 2.00
2019-03-31 3.70 2.00
NSEI:VIPIND Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-02-08 3.200 0.715
2018-05-22 3.000 0.633
2018-01-25 2.600 0.727
2017-05-18 2.400 0.994
2016-05-25 2.000 1.480
2016-02-01 1.600 1.537
2015-05-14 1.500 1.639
2015-01-29 1.700 1.701
2014-05-20 2.400 2.205
2013-05-15 1.000 1.674
2012-08-14 1.600 2.098
2012-08-07 1.600 2.037
2011-09-16 2.800 2.794
2011-05-13 2.800 1.764
2011-01-27 1.200 0.992
2010-04-29 1.200 1.397
2010-01-22 0.800 1.657
2009-07-01 0.200 0.985
2009-06-01 0.200 1.872
2009-04-23 0.600 6.559

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of VIP Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess VIP Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can VIP Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VIP Industries has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of VIP Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sudip Ghose
AGE 45
TENURE AS CEO 1 years
CEO Bio

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 Industries Limited from April 01, 2018 until April 1, 2019. He also worked with Onida. Mr. Ghose joined Samsonite South Asia in 2008 as the Group Director Marketing. He started his career as a client servicing executive at an advertising firm only to move on to work with Bausch + Lomb, Whirlpool India, Mirc Electronics and finally fulfilling the responsibilities as Marketing Head for Reliance Communications’ PCO business. At Samsonite, he successfully managed two large brands: American Tourister and Samsonite. From identifying new markets and new products to establishing the entire distribution system for American Tourister including sales, Mr. Ghose joined VIP Industries as Vice President Marketing in October 2013. He is an Executive Management Graduate from Narsee Monjee Institute of Management Studies in Mumbai and has attended Clarion College of Communications for his Post Graduate Diploma studies.

CEO Compensation
  • Insufficient data for Sudip to compare compensation growth.
  • Insufficient data for Sudip to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the VIP Industries management team in years:

4.6
Average Tenure
45
Average Age
  • The tenure for the VIP Industries management team is about average.
Management Team

Radhika Piramal

TITLE
Executive Vice Chairperson
COMPENSATION
₹38M
AGE
40

Jogendra Sethi

TITLE
Chief Financial Officer
COMPENSATION
₹15M
TENURE
7.3 yrs

Anand Daga

TITLE
Head of Legal
COMPENSATION
₹5M

Ashish Saha

TITLE
Director of Works & Whole-Time Director
COMPENSATION
₹9M
AGE
59
TENURE
7.2 yrs

Sudip Ghose

TITLE
MD & Additional Director
AGE
45
TENURE
1 yrs

Anirudh Pandharkar

TITLE
Chief Marketing Officer
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the VIP Industries board of directors in years:

6
Average Tenure
59.5
Average Age
  • The tenure for the VIP Industries board of directors is about average.
Board of Directors

Dilip Piramal

TITLE
Non Executive Chairman
COMPENSATION
₹37M
AGE
69
TENURE
5.9 yrs

Radhika Piramal

TITLE
Executive Vice Chairperson
COMPENSATION
₹38M
AGE
40
TENURE
2 yrs

Ashish Saha

TITLE
Director of Works & Whole-Time Director
COMPENSATION
₹9M
AGE
59
TENURE
7.2 yrs

Sudip Ghose

TITLE
MD & Additional Director
AGE
45
TENURE
0.2 yrs

Gulu Mirchandani

TITLE
Independent Non-Executive Director
COMPENSATION
₹200K
AGE
75
TENURE
12.3 yrs

Dipak Kumar Poddar

TITLE
Independent Non-Executive Director
COMPENSATION
₹400K
AGE
75
TENURE
31.5 yrs

Rajeev Gupta

TITLE
Independent Non-Executive Director
COMPENSATION
₹300K
AGE
60
TENURE
6.2 yrs

Amit Jatia

TITLE
Independent Director
COMPENSATION
₹200K
TENURE
3.9 yrs

Nisa Godrej

TITLE
Non-Executive Independent Director
AGE
40
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
02. May 18 Buy Kiddy Plast Limited Company 25. Apr 18 25. Apr 18 10,200 ₹410.93 ₹4,191,442
02. May 18 Buy Vibhuti Investments Co., Ltd. Company 25. Apr 18 25. Apr 18 158,000 ₹412.17 ₹65,122,883
02. May 18 Buy DGP Securities Ltd Company 25. Apr 18 25. Apr 18 36,700 ₹407.16 ₹14,942,838
30. Apr 18 Buy DGP Enterprises Pvt Ltd Company 24. Apr 18 24. Apr 18 37,500 ₹416.62 ₹15,623,093
27. Apr 18 Buy DGP Enterprises Pvt Ltd Company 23. Apr 18 23. Apr 18 14,100 ₹415.40 ₹5,857,207
30. Apr 18 Buy DGP Securities Ltd Company 24. Apr 18 24. Apr 18 32,590 ₹416.55 ₹13,569,733
X
Management checks
We assess VIP Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. VIP Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Need To Know: VIP Industries Limited (NSE:VIPIND) Insiders Have Been Buying Shares

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. … However, most countries require that the company discloses such transactions to the market. … The Last 12 Months Of Insider Transactions At VIP Industries

Simply Wall St -

Do Insiders Own Lots Of Shares In VIP Industries Limited (NSE:VIPIND)?

If you want to know who really controls VIP Industries Limited (NSE:VIPIND), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Why VIP Industries Limited's (NSE:VIPIND) High P/E Ratio Isn't Necessarily A Bad Thing

To keep it practical, we'll show how VIP Industries Limited's (NSE:VIPIND) P/E ratio could help you assess the value on offer. … VIP Industries has a price to earnings ratio of 40.86, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Care About VIP Industries Limited’s (NSE:VIPIND) Cash Levels?

If you are currently a shareholder in VIP Industries Limited (NSE:VIPIND), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … VIP Industries generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … There are two methods I will use to evaluate the quality of VIP Industries’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

If You Had Bought VIP Industries Stock Five Years Ago, You Could Pocket A 494% Gain Today

VIP Industries Limited (NSE:VIPIND) shareholders have seen the share price descend 11% over the month. … In fact, during that period, the share price climbed 494%. … So we don't think the recent decline in the share price means its story is a sad one.

Simply Wall St -

Is VIP Industries Limited (NSE:VIPIND) Potentially Underrated?

Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on VIP Industries Limited (NSE:VIPIND) due to its excellent fundamentals in more than one area.

Simply Wall St -

Are VIP Industries Limited’s (NSE:VIPIND) High Returns Really That Great?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

VIP Industries Limited (NSE:VIPIND) Delivered A Better ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.28 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does VIP Industries Limited (NSE:VIPIND) Have A High Beta?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Have Insiders Been Buying VIP Industries Limited (NSE:VIPIND) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in VIP Industries Limited (NSE:VIPIND). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The insider buying may not tell us much about how insiders feel about the current share price

Simply Wall St -

Company Info

Description

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 channel and company-owned stores. The company exports its products to 31 international locations, including the United Arab Emirates, the United States, Sweden, Qatar, and Kuwait. VIP Industries Limited was incorporated in 1968 and is based in Mumbai, India.

Details
Name: VIP Industries Limited
VIPIND
Exchange: NSEI
Founded: 1968
₹66,751,233,740
141,317,315
Website: http://www.vipindustries.co.in
Address: VIP Industries Limited
DGP House, 88C,
5th Floor,
Mumbai,
Maharashtra, 400025,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 507880 Equity Shares Mumbai Stock Exchange IN INR 12. Jun 2000
NSEI VIPIND Equity Shares National Stock Exchange of India IN INR 12. Jun 2000
Number of employees
Current staff
Staff numbers
2,099
VIP Industries employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 12:49
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.