VIPIND · VIP Industries Ltd · Apparel/Accessories
VIPIND · VIP Industries Ltd · Apparel/Accessories
As of 05 Nov close
52-week range
42.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 51 days old
Revenue (latest Q)
₹578 Cr
Revenue YoY
PAT YoY
-308.9%
Operating margin
Revenue, last 5 quarters
P/E (TTM)
P/B
14.5
P/S (TTM)
Not available from data source
Sector P/E
Not available from data source
Dividend yield
Not available from data source
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| VIPIND (this stock) | Not meaningful (earnings negative over the last 12 months) | 14.5 | -20.2% | -130.7% | 2.55 | Not available from data source |
| Page Industries * | 61.1 | 25.7 | +14.1% | +50.3% | 0.18 | +1.7% |
| Vardhman Textiles * | 21.4 | 1.5 | +8.3% | +8.1% | 0.18 | +0.9% |
| Indo Count Industries * | 57.6 | 4.1 | +3.4% | +6.4% | 0.57 | +0.3% |
* Net margin, ROE, D/E and dividend yield for these companies come from RedixFi fundamentals; the data vendor had no values for them.
Promoter
stable
FII
falling 1q
MF
14.55% (+0.13pp)
rising 1q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 19 Nov 2025 | Multiples Private Equity Fund IV | BUY | 8,049 | ₹31.23 lakh |
| 19 Nov 2025 | Multiples Private Equity Gift Fund IV | BUY | 8,876 | ₹34.44 lakh |
Bulk/block deals
| canonicalSymbol | date | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| VIPIND | 2026-06-01 | 4495008 | 3 | WEAK | BULK |
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedVIP Industries Limited (VIPIND) reported a significant decline in revenue and substantial losses for FY2025-26. Standalone revenue fell by 14.78% to ₹1,849.09 crores, with a loss before tax of ₹405.59 crores, compared to a loss of ₹107.23 crores in the prior year. Consolidated results showed a similar trend, with revenue down 14.70% to ₹1,858.13 crores and a loss before tax of ₹416.20 crores. The company attributed the decline to geopolitical issues, particularly the Middle East conflict, impacting supply chains and demand. The auditor noted key audit matters, including revenue estimation involving rebates and discounts, and the valuation of investments in subsidiaries. The company has no defaults on loans or borrowings and has not been declared a wilful defaulter. However, there are unresolved tax disputes and contingent liabilities, including a ₹6.41 crore commercial dispute with a Chinese company. The auditor did not identify material weaknesses in internal controls, and the company maintains adequate financial controls. The Board has not identified any issues affecting the independence of Independent Directors.
- Revenue declined by 14.78% YoY to ₹1,849.09 crores (standalone) with a loss before tax of ₹405.59 crores.
- Consolidated revenue fell 14.70% to ₹1,858.13 crores with a loss before tax of ₹416.20 crores.
- Geopolitical issues, particularly the Middle East conflict, significantly impacted operations and supply chains.
- Key audit matters include revenue estimation involving rebates, discounts, and sales returns, and valuation of investments in subsidiaries.
- Contingent liabilities include a ₹6.41 crore commercial dispute with a Chinese company, though no provision has been made.
Key takeaway: VIP Industries Limited faced a substantial revenue decline and losses in FY2025-26, driven by geopolitical disruptions, with unresolved tax disputes and contingent liabilities posing ongoing risks.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The auditor is required to evaluate the adequacy of internal financial controls and their operating effectiveness under Section 143(3)(i) of the Act.
Contingent Liability
3 occurrencesRecent (last 12 months)
As at March 31, 2026, the company has a contingent liability related to a commercial suit filed by a Chinese company seeking recovery of ₹6.41 Crores along with interest for supply of material. The company is defending the matter and has obtained an independent legal opinion, with no provision made in the financials.
Earlier (1-3 years ago)
The company has a contingent liability related to sales tax matters, with a favourable order received from the Maharashtra Sales Tax Tribunal allowing its claim under the Central Sales Tax Act for the financial years from 2009-2010 to 2017-2018.
The company had a contingent liability of Rs.357 crore, which has been resolved and no longer exists.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has disclosed transactions with related parties including Kemp & Company Limited, Zenex Animal Health India Private Limited, and DGP Realty Nashik Private Limited during the year ended March 31, 2026.
Earlier (1-3 years ago)
The company has disclosed transactions with related parties including Kemp & Company Limited, Piramal Vibhuti Investments Limited, and several entities under VIP Industries Bangladesh Private Limited, involving sales, purchases, and dividend income during the year.
Statutory dues in dispute
2 occurrencesRecent (last 12 months)
VIP Industries Limited has pending disputes related to statutory dues under various taxes, including income tax, sales tax, and GST, with amounts ranging from 0.01 to 9.32 crores, and these disputes are being handled in various forums such as High Court, Commissioner of Income Tax Appeals, and Assessing Officers.
Earlier (1-3 years ago)
The company has undisputed statutory dues, including GST, provident fund, ESIC, income tax, sales tax, service tax, customs duty, excise duty, VAT, cess, and other statutory dues, which have been deposited with the appropriate authorities. However, there are disputes regarding the non-deposit of service tax and customs duty, with specific details provided in Note 39 of the standalone financial statements.
Management & Board Governance
1 occurrenceRecent (last 12 months)
Mr. Ramesh Damani, a Non-Executive Independent Director, resigned with effect from 23rd September, 2025.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
4.43% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).