Vip Clothing Limited (VIPCLOTHNG)

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Vip Clothing Limited (VIPCLOTHNG) · mywealthgrid

About

Garments and apparel manufacturer in consumer discretionary, ₹185.52 Cr market cap. Quarterly revenues average ₹60–71 Cr; standalone operations at mid-small scale typical of India's fragmented textile sector.

Face value: ₹2

Market cap

₹181 Cr

P/E

19.1×

P/B

0.9×

Dividend yield

ROE

5.2%

ROCE

10.4%

Debt / equity

0.34

OPM

EPS (TTM)

₹1.1

Book value

₹21.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Revenue stagnant: ₹50.78–71.54 Cr across 8 quarters (Sep 2024–Jun 2026) with no growth trend.

Profitability volatile: OPM swung 5.76%–9.55%, net profit ₹0.81–4.42 Cr per quarter.

Stock crashed 46.37% YoY; institutional backing absent (FII 0%, DII 0.02% as of Jun 2026).

ROE 5.18% — verify whether capital allocation failed or core profitability deteriorated.

Generated analysis · source review pending

Growth drivers

D/E 0.34 leaves balance-sheet headroom for capex if management identifies growth-worthy investments.

OPM peaked 9.55% in Jun 2025; verify if cost control or pricing power enabled this and can persist.

Revenue base ₹60–70 Cr per quarter suggests potential for organic expansion via channels/segments; verify capex plans and capability.

No dividends since 2015 indicates capital retention; verify whether cash is being reinvested for turnaround.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹20.1-1.6%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of -0.1% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 25
Growth: 23
Valuation: 76

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	195	232	222	204	173	143	182	201	183	237	254
COGS	-115	-141	-128	121	111	83	108	123	107	145	178
Gross profit	—	—	—	83	61	60	74	78	76	92	76
	310	357	340	83	77	57	69	65	81	76	53
	-0	17	10	1	-16	3	5	13	-5	17	23
OPM %	-0.2%	7.4%	4.5%	0.3%	-9.1%	2.1%	2.9%	6.3%	-2.6%	7%	9%
Depreciation	5	4	3	3	4	4	4	3	3	3	3
Interest	13	12	11	9	10	11	9	9	9	8	9
	1	1	1	5	3	2	4	8	0	1	1
Profit before tax	-9	-5	-3	-7	-28	-10	-4	8	-16	7	13
Tax	—	—	0	-0	-13	-9	-2	2	-3	2	3
Tax %	—	—	18.1%	-4.9%	-45.8%	-89.4%	-46.4%	20.1%	-21.6%	22.4%	21.6%
	-12	-6	-3	-6	-15	-1	-2	7	-13	5	10
PAT margin %	-6.3%	-2.5%	-1.4%	-3%	-8.7%	-0.7%	-1.2%	3.3%	-6.9%	2.3%	3.9%
EPS (₹)	—	—	-0.4	-0.8	-3.6	-0.1	-0.5	0.8	-1.5	0.6	1.1
EPS adjusted (₹)	—	—	—	-0.8	-1.8	-0.1	-0.3	0.8	-1.5	0.6	1.1
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	17	17	17	17	17	17	18	18
Reserves	142	120	119	117	135	122	167	176
	80	79	89	100	86	75	78	66
	70	57	47	51	48	58	67	68
Total equity & liabilities	309	272	270	285	285	271	329	328
	111	106	107	104	97	99	97	95
CWIP	—	—	0	0	0	0	0	0
Investments	0	0	0	0	0	0	0	0
	198	167	164	181	188	171	232	233
Total assets	309	272	270	285	285	271	329	328

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.7%	35.5%	42.1%	40.8%	38.9%	41.4%	39%	29.8%
EBITDA margin %	0.3%	-9.1%	2.1%	2.9%	6.3%	-2.6%	7%	9%
EBIT margin %	-1.3%	-11.6%	-0.7%	0.8%	4.8%	-4.1%	5.8%	8%
PAT margin %	-3%	-8.7%	-0.7%	-1.2%	3.3%	-6.9%	2.3%	3.9%
Working capital
Receivable days	116	103	154	121	121	116	152	138
Inventory days	342	302	338	313	240	281	233	195
Payable days	73	68	94	107	84	125	119	88
NWC days	386	337	398	328	277	272	267	245
Leverage
Current ratio	1.81	1.5	1.44	1.41	1.58	1.36	1.66	1.83
Debt to EBITDA	131.31	—	29.83	19.14	6.78	—	4.66	2.88
Debt to equity	0.51	0.58	0.66	0.75	0.57	0.54	0.42	0.34
Interest coverage	0.3	-1.7	0.1	0.6	1.2	-0.8	1.9	2.4
Asset turnover	0.66	0.63	0.53	0.64	0.7	0.68	0.72	0.77
Return ratios
Return on assets %	-2%	-5.5%	-0.4%	-0.8%	2.3%	-4.7%	1.7%	3%
Return on capital employed %	1.1%	-9.4%	0.7%	3.3%	6.8%	-4.3%	8.5%	10.4%
Return on equity %	-3.9%	-10.9%	-0.8%	-1.7%	4.4%	-9.1%	3%	5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.59%	49.59%	49.59%	49.59%	49.59%	46.55%	46.55%	46.55%	46.55%	46.55%	46.55%	46.55%
	0.27%	0.03%	0.12%	0.03%	0%	0.45%	0.47%	0.48%	0.49%	0.46%	0.15%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.02%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	50.14%	50.38%	50.29%	50.38%	50.41%	53%	52.98%	52.97%	52.96%	52.99%	53.3%	53.43%
No. of shareholders	—	—	—	—	—	—	—	—	32,815	32,327	32,062	31,542

Promoter holding down 3.04 percentage points since Sep 2023.

26 deals · 22 Feb 2022 – 2 Jan 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
2 Jan 2025	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Sell	4,50,000	₹44.65	₹2.01 Cr
2 Jan 2025	L7 HITECH PRIVATE LIMITED	Bulk	NSE	Buy	9,750	₹45.23	₹0.04 Cr
1 Jan 2025	ADITINIRAVSATRA	Bulk	NSE	Sell	4,66,565	₹45.25	₹2.11 Cr
11 Dec 2024	KIRJAL SECURITIES PVT LTD	Bulk	NSE	Sell	4,40,906	₹52.34	₹2.31 Cr
11 Dec 2024	KIRJAL SECURITIES PVT LTD	Bulk	NSE	Buy	4,40,906	₹52.08	₹2.30 Cr
9 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,52,393	₹55.25	₹2.50 Cr
9 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,52,393	₹55.29	₹2.50 Cr
14 Dec 2022	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	5,91,204	₹56.88	₹3.36 Cr
14 Dec 2022	MANSI SHARES & STOCK ADVISORS PVT LTD	Bulk	NSE	Sell	5,90,000	₹57.65	₹3.40 Cr
14 Dec 2022	MANSI SHARES & STOCK ADVISORS PVT LTD	Bulk	NSE	Buy	5,11,122	₹57.17	₹2.92 Cr

1–10 of 26

1 / 3

Mr. SUNIL JAYKUMAR PATHAREExecutive Director-Chairperson-MD
Mr. KAPIL JAYKUMAR PATHAREExecutive Director-MD
Mr. KISHOR SOMNATH NAVANDARNon-Executive - Independent Director
Mrs. VANDANA KUMARI BHARDWAJNon-Executive - Non Independent Director
Mr. VILAS CHANDRAKANT GUPTENon-Executive - Independent Director
Mr. UDAY LAXMAN AJGAONKARNon-Executive - Independent Director
Mr. Devendra VyasChief Financial Officer
Mr. Rahul SoniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Vip Clothing Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

9

Dividend dividend16 Sept 2015 · ex-date₹0.3
Dividend dividend16 Sept 2014 · ex-date₹0.2
Dividend dividend6 Aug 2013 · ex-date₹0.25
Dividend dividend14 Aug 2012 · ex-date₹0.3
Dividend dividend3 Aug 2011 · ex-date₹0.1
Dividend dividend4 Aug 2010 · ex-date₹0.4
Dividend dividend11 Aug 2009 · ex-date₹0.4
Dividend dividend18 Aug 2008 · ex-date₹0.45
Final dividend19 Dec 2007 · ex-date₹0.2

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

63 announcementsExport CSV

1 Oct 2026, 10:43 amInsider Trading / SAST

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 PDF

29 Sept 2026, 1:14 pmAGM/EGM

Scrutinizer"S Report Of 36Th AGM

AGM PDF

28 Sept 2026, 6:28 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

12 Sept 2026, 8:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment

Allotment of Equity Shares PDF

4 Sept 2026, 6:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 11:04 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

3 Sept 2026, 10:59 pmAGM/EGM

36Th AGM On September 28, 2026(FY 2025-26)

AGM PDF

3 Sept 2026, 3:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
1 Oct 2026, 10:43 am	Insider Trading / SAST Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011	PDF
29 Sept 2026, 1:14 pm	AGM/EGM AGM	Scrutinizer"S Report Of 36Th AGM

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	40.7%	35.5%	42.1%	40.8%	38.9%	41.4%	39%	29.8%
EBITDA margin %	0.3%	-9.1%	2.1%	2.9%	6.3%	-2.6%	7%	9%
EBIT margin %	-1.3%	-11.6%	-0.7%	0.8%	4.8%	-4.1%	5.8%	8%
PAT margin %	-3%	-8.7%	-0.7%	-1.2%	3.3%	-6.9%	2.3%	3.9%
Working capital
Receivable days	116	103	154	121	121	116	152	138
Inventory days	342	302	338	313	240	281	233	195
Payable days	73	68	94	107	84	125	119	88
NWC days	386	337	398	328	277	272	267	245
Leverage
Current ratio	1.81	1.5	1.44	1.41	1.58	1.36	1.66	1.83
Debt to EBITDA	131.31	—	29.83	19.14	6.78	—	4.66	2.88
Debt to equity	0.51	0.58	0.66	0.75	0.57	0.54	0.42	0.34
Interest coverage	0.3	-1.7	0.1	0.6	1.2	-0.8	1.9	2.4
Asset turnover	0.66	0.63	0.53	0.64	0.7	0.68	0.72	0.77
Return ratios
Return on assets %	-2%	-5.5%	-0.4%	-0.8%	2.3%	-4.7%	1.7%	3%
Return on capital employed %	1.1%	-9.4%	0.7%	3.3%	6.8%	-4.3%	8.5%	10.4%
Return on equity %	-3.9%	-10.9%	-0.8%	-1.7%	4.4%	-9.1%	3%	5%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	10	10	-17	7	14	4	-5	13	10	-37	20
	2	12	3	-1	3	1	0	11	-0	4	2
	-11	-21	15	-6	-16	-3	2	-14	-21	34	-22
Net cash flow	0	1	1	0	2	2	-3	10	-11	0	0
Free cash flow	7	10	-17	6	14	4	-5	13	10	-38	20
CFO / Operating profit %	—	60%	-168.8%	—	—	142.4%	-100.6%	104%	—	-224.3%	88.4%

Vip Clothing Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

9

1

Announcements

9

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Vip Clothing Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends9

Board meetings1

Announcements

Dividends9

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

9

1

9

1