Vipul Limited
NSE: VIPULLTD · Residential, Commercial Projects · sector
₹9.03NSE close 2026-10-26
Key numbers
Market cap₹127 cr
Price₹9.03
52w high / low₹19 / ₹7
P/E–Sector median 18.7x
P/B0.3xSector median 1.4x
Book value₹26.0
Dividend yield–Sector median 0.54%
ROE-2.1%Sector median 5.5%
ROCE0.3%Sector median 6.5%
OPM-52.0%Sector median 12.1%
Debt / equity0.22xSector median 0.36x
EV/EBITDA–Sector median 17.7x
Interest cover0.2x
Current ratio1.41x
Sales growth 3y-7.3%Sector median +16.6%
Profit growth 3y–Sector median +28.0%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹35 cr vs borrowings ₹82 cr (FY26): borrowings are higher by ₹46 cr.
- Borrowings fell in each of the last 3 years (₹266 cr → ₹82 cr).
- Operating profit covered interest 0.2x in the last 12 months.
- 30.71% of the promoters' shares are pledged (5.6% of all shares).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY24).
- Net loss in 4 of the last 8 quarters.
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Debtor days went from 439 (FY24) to 1,653 (FY26).
- No dividend in the last 5 financial years.
- Price ₹9.03 on 2026-10-26: -51.5% from the 52-week high, +22.4% 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 ₹36.45 · low ₹7.94
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 11 | 44 | 2 | 8 | 9 | 41 | 8 |
| EBITDA | 5 | 2 | -25 | -12 | 4 | -1 | -18 | -19 |
| OPM % | 30.4% | 19.8% | -55.8% | -722.5% | 53.7% | -14.6% | -44.1% | -246.5% |
| Other income | 3 | 3 | 4 | 12 | 3 | 3 | 10 | 20 |
| Net profit | 1 | 4 | -35 | -1 | 7 | 1 | -15 | -1 |
| EPS (₹) | 0.10 | 0.31 | -2.53 | -0.10 | 0.51 | 0.09 | -1.10 | -0.05 |
| Revenue YoY | -49.4% | -18.4% | -7.9% | +356.8% | ||||
| Profit YoY | +535.1% | -67.6% | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 138 | 75 | 206 | 87 | 60 | 66 |
| EBITDA | -26 | -78 | 82 | -14 | -27 | -34 |
| Net profit | -42 | -117 | 234 | -28 | -8 | -8 |
| EPS (₹) | -3.49 | -9.78 | 19.46 | -2.05 | -0.60 | -0.55 |
| Revenue growth | -45.8% | +175.6% | -57.8% | -31.6% | -10.0% | |
| Profit growth | – | – | -112.1% | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -7.4% | +9.9% | -10.0% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -46.7% (2y) | +8.6% |
Balance sheet
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Shareholders' equity | – | – | 115 | 352 | 377 | 366 |
| Borrowings | – | – | 266 | 188 | 85 | 82 |
| Cash & equivalents | – | – | 21 | 49 | 40 | 35 |
| Total assets | – | – | 1,442 | 1,255 | 1,190 | 1,116 |
| Fixed assets | – | – | 32 | 30 | 36 | 5 |
| Capital work in progress | – | – | 12 | 12 | 5 | 5 |
| Investments | – | – | 6 | 6 | 2 | 2 |
| Receivables | – | – | 125 | 248 | 272 | 270 |
| Inventory | – | – | 774 | 440 | 440 | 426 |
| Payables | – | – | 58 | 55 | 47 | 44 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Cash from operations | 258 | 17 | 421 | -112 | 43 | -31 |
| Cash from investing | 16 | 16 | 9 | 207 | 12 | 9 |
| Cash from financing | -265 | -43 | -357 | -138 | -77 | 10 |
| Capex | 0 | 0 | 0 | 2 | 1 | 3 |
| Free cash flow | 258 | 17 | 420 | -114 | 42 | -34 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ROE % | – | – | -102.4% | 66.4% | -7.5% | -2.3% |
| ROCE % | – | – | -18.7% | 57.7% | -1.1% | 0.1% |
| Debtor days | – | – | 608 | 439 | 1,142 | 1,653 |
| Inventory days | – | – | 7,242 | 1,551 | 1,996 | 2,589 |
| Payable days | – | – | 545 | 193 | 211 | 270 |
| Cash conversion cycle (days) | – | – | 7,305 | 1,797 | 2,927 | 3,972 |
| Working capital days | – | – | 243 | 378 | 1,025 | 1,874 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 18.25% |
| FIIs | 7.24% |
| DIIs | 1.38% |
| of which Insurance | 0.00% |
| Public (non-institutions) | 73.13% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 20.33% | 18.25% | 18.25% | 18.25% | 18.25% | 18.25% | 18.25% | 18.25% |
| Promoter group | % |
|---|---|
| Punit Beriwala . | 6.98% |
| Shyam Sunder Beriwala | 6.26% |
| Punit Beriwala | 2.96% |
| Sunita Beriwala | 2.05% |
| Public holders above 1% | % |
|---|---|
| Algoquant Fintech Limited | 5.73% |
| Mohammad Ashraf Qureshi | 3.33% |
| Allina Qureshi | 3.09% |
| Zeta Global Funds (Oeic) PCC Limited-zeta Series B Fund PC | 2.48% |
| Moneyplant Gold & Jewellery Trading L.L.C | 2.40% |
| Ashish Begwani | 1.94% |
| BAL Krishan Chhabra | 1.37% |
| Chakshu Garg | 1.11% |
27,396 shareholders. Pledged: 30.71% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| VIPULLTD | ₹127 cr | – | 0.3x | -2.1% | 0.3% | -52.0% | -7.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-13 | Other | Annual General Meeting |
| 2024-03-21 | Other | Extra Ordinary General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-09-16 | Other | Annual General Meeting |
| 2019-09-12 | Dividend | Annual General Meeting/Dividend - Rs 0.05 Per Share |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend Re 0.05 Per Share |
| 2017-09-13 | Dividend | Annual General Meeting/Dividend - Re 0.04 Per Share |
| 2016-11-23 | Dividend | Interim Dividend Re 0.01 Per Share |
| 2016-09-15 | Other | Annual General Meeting |
| 2015-09-15 | Other | Annual General Meeting |
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 | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | VIPULLTD |
| BSE code | 511726 |
| ISIN | INE946H01037 |
| Face value | ₹1.0 |
| 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.