V.I.P. INDUSTRIES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 545.6 INR | -1.29% |
|
+6.27% | -8.63% |
| Feb. 15 | VIP Industries Names CFO | MT |
| Feb. 14 | V.I.P. Industries Limited Approves Chief Financial Officer Changes | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 68,694 | 33,923 | 50,055 | 105,306 | 81,176 | 77,459 | - | - |
| Enterprise Value (EV) 1 | 69,414 | 34,112 | 51,284 | 107,673 | 82,621 | 79,536 | 78,370 | 77,217 |
| P/E ratio | 47.3 x | 30.3 x | -51.3 x | 158 x | 53.5 x | 97.7 x | 45.8 x | 32.3 x |
| Yield | 0.66% | 1.33% | - | 0.34% | 0.79% | 0.46% | 0.79% | 1.03% |
| Capitalization / Revenue | 3.85 x | 1.97 x | 8.09 x | 8.17 x | 3.9 x | 3.42 x | 3.01 x | 2.65 x |
| EV / Revenue | 3.89 x | 1.99 x | 8.29 x | 8.35 x | 3.97 x | 3.51 x | 3.05 x | 2.65 x |
| EV / EBITDA | 30.9 x | 11.7 x | -78.6 x | 73.5 x | 26.3 x | 33.4 x | 21.8 x | 17 x |
| EV / FCF | -67.4 x | 13.8 x | 648 x | -179 x | 122 x | 69.3 x | 37.9 x | 32.3 x |
| FCF Yield | -1.48% | 7.24% | 0.15% | -0.56% | 0.82% | 1.44% | 2.64% | 3.1% |
| Price to Book | 11.8 x | 5.56 x | 9.68 x | 18.8 x | 12.6 x | 11.3 x | 9.74 x | 8.13 x |
| Nbr of stocks (in thousands) | 141,317 | 141,317 | 141,317 | 141,473 | 141,655 | 141,957 | - | - |
| Reference price 2 | 486.1 | 240.0 | 354.2 | 744.4 | 573.0 | 545.6 | 545.6 | 545.6 |
| Announcement Date | 5/7/19 | 5/26/20 | 5/25/21 | 5/16/22 | 5/8/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,847 | 17,183 | 6,186 | 12,895 | 20,823 | 22,629 | 25,694 | 29,188 |
| EBITDA 1 | 2,247 | 2,913 | -652.7 | 1,464 | 3,138 | 2,382 | 3,602 | 4,547 |
| EBIT 1 | 2,081 | 2,074 | -1,432 | 764 | 2,401 | 1,443 | 2,526 | 3,298 |
| Operating Margin | 11.66% | 12.07% | -23.15% | 5.92% | 11.53% | 6.38% | 9.83% | 11.3% |
| Earnings before Tax (EBT) 1 | 2,149 | 1,484 | -1,246 | 861.6 | 1,965 | 1,161 | 2,208 | 3,159 |
| Net income 1 | 1,453 | 1,117 | -974.9 | 669.3 | 1,523 | 810.4 | 1,658 | 2,365 |
| Net margin | 8.14% | 6.5% | -15.76% | 5.19% | 7.32% | 3.58% | 6.45% | 8.1% |
| EPS 2 | 10.28 | 7.910 | -6.900 | 4.710 | 10.72 | 5.583 | 11.92 | 16.89 |
| Free Cash Flow 1 | -1,029 | 2,468 | 79.2 | -601.4 | 679.5 | 1,148 | 2,068 | 2,391 |
| FCF margin | -5.77% | 14.36% | 1.28% | -4.66% | 3.26% | 5.07% | 8.05% | 8.19% |
| FCF Conversion (EBITDA) | - | 84.74% | - | - | 21.65% | 48.18% | 57.42% | 52.58% |
| FCF Conversion (Net income) | - | 220.92% | - | - | 44.6% | 141.59% | 124.74% | 101.07% |
| Dividend per Share 2 | 3.200 | 3.200 | - | 2.500 | 4.500 | 2.500 | 4.300 | 5.633 |
| Announcement Date | 5/7/19 | 5/26/20 | 5/25/21 | 5/16/22 | 5/8/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,326 | 2,430 | 2,062 | 3,301 | 3,973 | 3,559 | 5,906 | 5,147 | 5,264 | 4,506 | 6,361 | 5,708 | 5,836 | 5,118 | 7,106 |
| EBITDA 1 | 81.4 | 32 | 128.9 | 418.1 | 571.5 | 325.8 | 1,026 | 715.8 | 1,059 | 642.8 | 806 | 704.5 | 788 | 496.4 | 1,018 |
| EBIT | - | - | - | - | - | - | 845.9 | - | - | - | - | - | 660 | 162 | 749 |
| Operating Margin | - | - | - | - | - | - | 14.32% | - | - | - | - | - | 11.31% | 3.17% | 10.54% |
| Earnings before Tax (EBT) | - | - | 18.5 | 245.6 | 437.1 | 160.4 | 1,001 | - | - | -64.2 | - | - | - | 63.5 | 647 |
| Net income 1 | - | - | 25.3 | 185.4 | 334.7 | 123.9 | 691 | - | - | -42.6 | 577.5 | 323.5 | 449.5 | 67 | 484 |
| Net margin | - | - | 1.23% | 5.62% | 8.42% | 3.48% | 11.7% | - | - | -0.95% | 9.08% | 5.67% | 7.7% | 1.31% | 6.81% |
| EPS 2 | - | - | 0.1800 | 1.310 | 2.370 | 0.8700 | 4.860 | - | 3.100 | -0.3000 | 4.060 | 2.300 | 3.150 | 0.4500 | 3.400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/21 | 5/25/21 | 8/11/21 | 10/29/21 | 2/1/22 | 5/16/22 | 7/27/22 | 10/21/22 | 1/25/23 | 5/8/23 | 8/2/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 719 | 189 | 1,229 | 2,368 | 1,445 | 2,077 | 911 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 242 |
| Leverage (Debt/EBITDA) | 0.32 x | 0.065 x | -1.883 x | 1.617 x | 0.4605 x | 0.8722 x | 0.2529 x | - |
| Free Cash Flow 1 | -1,029 | 2,468 | 79.2 | -601 | 680 | 1,148 | 2,068 | 2,391 |
| ROE (net income / shareholders' equity) | 27.1% | 24.9% | -17.3% | 12.4% | 29.5% | 10.8% | 22.3% | 25.8% |
| ROA (Net income/ Total Assets) | 15.8% | 12.8% | - | - | - | - | - | - |
| Assets 1 | 9,219 | 8,727 | - | - | - | - | - | - |
| Book Value Per Share 2 | 41.10 | 43.20 | 36.60 | 39.60 | 45.30 | 48.30 | 56.00 | 67.10 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 387 | 452 | 91.2 | 365 | 1,069 | 1,142 | 923 | 932 |
| Capex / Sales | 2.17% | 2.63% | 1.47% | 2.83% | 5.14% | 5.05% | 3.59% | 3.19% |
| Announcement Date | 5/7/19 | 5/26/20 | 5/25/21 | 5/16/22 | 5/8/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
545.6
INR
Average target price
554
INR
Spread / Average Target
+1.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.63% | 929M | |
| +5.80% | 1.21B | |
| +35.58% | 657M | |
| +12.38% | 239M | |
| -12.40% | 207M | |
| -1.32% | 101M | |
| -2.90% | 95.86M | |
| -17.12% | 92.05M | |
| -32.61% | 80.21M | |
| -42.70% | 62.85M |
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- Financials V.I.P. Industries Limited
