VIP Clothing Limited
NSE: VIPCLOTHNG · Garments & Apparels · sector
₹17.71NSE close 2026-10-26
Key numbers
Market cap₹160 cr
Price₹17.71
52w high / low₹38 / ₹14
P/E16.9xSector median 15.0x
P/B0.8xSector median 1.5x
Book value₹21.6
Dividend yield–Sector median 0.84%
ROE5.0%Sector median 10.6%
ROCE7.7%Sector median 9.9%
OPM8.6%Sector median 8.6%
Debt / equity0.34xSector median 0.33x
EV/EBITDA10.3xSector median 9.3x
Interest cover2.5x
Current ratio1.83x
Sales growth 3y+8.2%Sector median +6.2%
Profit growth 3y+13.9%Sector median +11.5%
PEG1.55x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1 cr vs borrowings ₹66 cr (FY26): borrowings are higher by ₹65 cr.
- Operating profit covered interest 2.5x in the last 12 months.
- 17.05% of the promoters' shares are pledged (7.9% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- Debtor days went from 116 (FY24) to 138 (FY26).
- No dividend in the last 5 financial years.
- Price ₹17.71 on 2026-10-26: -52.8% from the 52-week high, +26.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹50.37 · low ₹16.57
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 63 | 65 | 65 | 66 | 51 | 72 | 65 |
| EBITDA | 3 | 5 | 6 | 6 | 6 | 4 | 7 | 5 |
| OPM % | 5.8% | 7.5% | 8.9% | 9.5% | 9.3% | 7.2% | 9.5% | 7.8% |
| Other income | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 |
| Net profit | 1 | 2 | 2 | 2 | 2 | 1 | 4 | 2 |
| EPS (₹) | 0.10 | 0.22 | 0.28 | 0.25 | 0.25 | 0.10 | 0.49 | 0.21 |
| Revenue YoY | +11.5% | -18.9% | +10.2% | -1.2% | ||||
| Profit YoY | +176.5% | -53.5% | +82.6% | -14.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 182 | 201 | 183 | 237 | 254 | 253 |
| EBITDA | 5 | 19 | -5 | 17 | 23 | 22 |
| Net profit | -2 | 7 | -13 | 5 | 10 | 10 |
| EPS (₹) | -0.54 | 0.80 | -1.53 | 0.63 | 1.09 | 1.05 |
| Revenue growth | +10.4% | -8.7% | +29.3% | +7.2% | +0.3% | |
| Profit growth | – | -290.5% | – | +79.7% | +27.6% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +8.2% | +12.2% | +0.3% |
| Net profit | +13.9% | – | +27.6% |
| EPS | +10.9% | – | – |
| Share price | – | -32.7% (2y) | -46.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 151 | 138 | 185 | 194 |
| Borrowings | – | 86 | 75 | 78 | 66 |
| Cash & equivalents | – | 15 | 4 | 1 | 1 |
| Total assets | – | 285 | 271 | 329 | 328 |
| Fixed assets | – | 28 | 30 | 28 | 26 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 66 | 58 | 99 | 96 |
| Inventory | – | 81 | 83 | 92 | 95 |
| Payables | – | 28 | 37 | 47 | 43 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -5 | 13 | 10 | -37 | 20 |
| Cash from investing | 0 | 11 | -0 | 4 | 2 |
| Cash from financing | 2 | -14 | -21 | 34 | -22 |
| Capex | 0 | 0 | 0 | 1 | 0 |
| Free cash flow | -5 | 13 | 10 | -38 | 20 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.4% | -9.1% | 3.0% | 5.0% |
| ROCE % | – | 7.4% | -3.3% | 5.7% | 8.2% |
| Debtor days | – | 121 | 116 | 152 | 138 |
| Inventory days | – | 240 | 281 | 233 | 195 |
| Payable days | – | 84 | 125 | 119 | 88 |
| Cash conversion cycle (days) | – | 277 | 272 | 266 | 245 |
| Working capital days | – | 119 | 81 | 132 | 142 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 46.55% |
| FIIs | 0.00% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 53.45% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 46.55% | 46.55% | 46.55% | 46.55% | 46.55% | 46.55% | 46.55% | 46.55% |
| Promoter group | % |
|---|---|
| Sunil Jaykumar Pathare | 18.85% |
| Kapil Jaykumar Pathare | 16.72% |
| Lalita Jaykumar Pathare | 8.14% |
| Kanishk Sunil Pathare | 1.04% |
| Heena Sunil Pathare | 0.93% |
| Ashwini Kapil Pathare | 0.76% |
| 102000 | 0.11% |
| Avyukta Kapil Pathare | 0.00% |
| Public holders above 1% | % |
|---|---|
| Ashok Kishanchand Bhatia | 1.20% |
| Investor Education And Protection Fund (IEPF) | 1.00% |
31,050 shareholders. Pledged: 17.05% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| VIPCLOTHNG | ₹160 cr | 16.9x | 0.8x | 5.0% | 7.7% | 8.6% | +8.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-06 | Other | Annual General Meeting |
| 2022-09-14 | Other | Annual General Meeting |
| 2021-09-15 | Other | Annual General Meeting |
| 2020-09-15 | Other | Annual General Meeting |
| 2019-09-17 | Other | Annual General Meeting |
| 2018-09-17 | Other | Annual General Meeting |
| 2017-11-17 | Rights | Rights 1:4 @ Premium Rs 24/- |
| 2017-09-04 | Other | Annual General Meeting |
| 2016-09-16 | Other | Annual General Meeting |
| 2015-09-16 | Dividend | Annual General Meeting/ Dividend - Re 0.30/- Per Share |
| 2014-09-16 | Dividend | Annual General Meeting / Dividend - Re 0.20/- Per Share |
| 2013-08-06 | Dividend | Annual General Meeting/Dividend Re 0.25/- Per Share |
| 2012-08-14 | Dividend | Annual General Meeting /Dividend Re 0.30 Per Share |
| 2011-08-03 | Dividend | Annual General Meeting And Dividend Re.0.10 Per Share |
| 2010-08-04 | Dividend | Annual General Meeting And Dividend Re.0.40 Per Share |
| 2009-08-11 | Other | Agm/Div-Re.0.40 Per Share |
| 2008-08-18 | Dividend | Agm/Dividend - 22.5% |
| 2007-12-19 | Dividend | Agm/Dividend - 10% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | VIPCLOTHNG |
| BSE code | 532613 |
| ISIN | INE450G01024 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.