V.I.P. Industries Ltd.

BSE: VIPIND507880ISIN INE054A01027

Consumer Discretionary
Plastic Products - Consumer
BSE 1000

Share price

₹251.05+6.60 (+2.70%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹436.40
52W low: ₹242.00
Off 52W high: -42.47%
1M return: -11.77%
3M return: -18.96%
6M return: -16.99%
1Y return: -38.09%
20D avg volume: 27,340
50 DMA: ₹285.99
200 DMA: ₹315.51

Key ratios Consolidated

Market cap: ₹3,566 Cr
Current price: ₹251.05
52W high / low: ₹436.40 / ₹242.00
Face value: ₹2.00
P/E: -9.42
P/B: 12.32
EPS (TTM): ₹-26.64
Book value / share: ₹20.38
ROE: —
ROCE: -46.80%
Operating margin: —
Net margin: —
Debt / equity: 1.42
Net debt: ₹379.04 Cr
Interest cover: -3.81
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 57.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	578.36	436.23	454.13	406.34	561.43	494.21	501.07	544.26	638.89	516.32	546.42	546.09
	4.07	3.72	3.29	10.73	4.62	3.79	2.47	2.65	2.06	3.88	2.66	2.57
	582.43	439.95	457.42	417.07	566.05	498.00	503.54	546.91	640.95	520.20	549.08	548.66
	637.08	569.28	578.90	563.32	585.03	534.88	520.23	596.10	637.24	553.45	535.89	529.39
	222.70	212.61	176.01	207.36	203.70	200.68	152.03	179.31	157.00	190.15	243.61	202.32
	81.65	50.26	38.85	57.91	60.29	70.07	68.45	79.44	102.84	142.82	119.67	76.00
	63.57	54.72	56.07	52.81	54.39	54.38	54.34	57.70	58.87	68.28	69.01	66.18
	16.17	20.12	15.96	17.60	16.66	16.88	17.74	20.11	18.47	16.73	15.16	12.36
	31.43	30.73	31.98	32.99	31.59	30.29	30.03	29.55	29.19	28.23	26.56	23.82
	187.27	189.93	154.54	178.02	173.69	170.83	150.17	189.82	174.98	182.36	183.77	184.05
	-54.65	-129.33	-121.48	-146.25	-18.98	-36.88	-16.69	-49.19	3.71	-33.25	13.19	19.27
	0.00	0.53	71.24	4.32	1.93	4.25	0.00	3.58	0.00	0.00	0.00	0.00
	-54.65	-128.80	-50.24	-141.93	-17.05	-32.63	-16.69	-45.61	3.71	-33.25	13.19	19.27
	1.09	0.10	2.63	1.21	-3.95	-5.27	4.27	12.56	0.33	9.37	6.04	5.99
	-53.56	-128.90	-52.87	-143.14	-13.10	-27.36	-12.42	-33.05	4.04	-23.88	7.15	13.28
	-3.77	-9.07	-3.72	-10.08	-0.92	-1.92	-0.88	-2.32	0.28	-1.68	0.50	0.94
Key metrics
	-7.05	-77.95	-2.30	-91.34	31.20	14.54	31.08	4.05	51.37	11.71	54.91	55.45
	-1.20%	-17.90%	-0.50%	-22.50%	5.60%	2.90%	6.20%	0.70%	8.00%	2.30%	10.00%	10.20%
	-9.30%	-29.50%	-11.60%	-35.20%	-2.30%	-5.50%	-2.50%	-6.10%	0.60%	-4.60%	1.30%	2.40%
	—	-19.00%	—	-16.30%	—	-1.70%	—	—	—	—	—	—
	3.00%	-11.70%	-9.40%	-25.30%	-12.10%	-4.30%	-8.30%	-0.30%	—	—	—	—
	-308.90%	-371.10%	-325.70%	-333.10%	-424.30%	-14.60%	-273.70%	-348.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,875	1,858	2,178	2,245	2,082	1,290
	21.81	22.36	10.92	11.75	17.08	36.36
	1,897	1,880	2,189	2,257	2,099	1,326
	2,349	2,297	2,288	2,206	1,871	1,240
	818.68	799.68	688.60	832.17	756.39	567.00
	228.67	207.31	320.80	476.23	315.50	213.56
	227.17	217.99	225.29	269.78	235.62	188.72
	69.85	70.34	73.20	55.02	28.48	24.64
	127.13	127.29	119.06	99.49	73.66	69.96
	709.76	696.34	686.17	717.97	514.09	311.39
	-451.71	-416.20	-99.05	50.80	228.74	86.16
	76.09	78.18	7.83	25.78	-32.21	0.00
	-375.62	-338.02	-91.22	76.58	196.53	86.16
	5.03	-0.01	-22.43	22.28	44.19	19.23
	-378.47	-338.01	-68.79	54.30	152.34	66.93
	-26.64	-23.79	-4.84	3.84	10.76	4.73
Key metrics
	-178.64	-140.39	101.04	231.09	298.67	180.76
	-9.53%	-7.60%	4.60%	10.30%	14.30%	14.00%
	-20.18%	-18.20%	-3.20%	2.40%	7.30%	5.20%
	—	-46.80%	-2.00%	—	—	—
	-10.75%	-14.70%	-3.00%	7.80%	61.50%	—
	—	-391.40%	-226.70%	-64.40%	127.60%	—
	—	132.98	249.04	—	—	—
	—	-0.54	-4.25	—	—	—
	—	1.42	0.67	—	—	—
	—	379.04	377.28	—	—	—
	—	57.7	114.0	—	—	—
Balance sheet
	—	1,604	1,856	—	—	—
	—	991.84	1,212	—	—	—
	—	31.71	37.97	—	—	—
	—	270.54	368.34	—	—	—
	—	472.45	698.42	—	—	—
	—	—	84.41	—	—	—
	—	206.74	193.02	—	—	—
	—	449.01	386.32	—	—	—
	—	1,033	948.53	—	—	—
	—	410.75	415.25	—	—	—
	—	410.75	415.25	—	—	—
	—	0.00	0.00	—	—	—
	—	289.50	616.16	—	—	—
Cash flow
	—	180.95	292.17	—	—	—
	—	-48.32	-46.57	—	—	—
	—	-138.88	-251.06	—	—	—
	—	47.97	43.13	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	569.52	430.61	453.17	404.19	561.12	488.13	500.08	543.94	637.51	514.64	540.53	538.10
	5.11	5.79	4.79	14.23	5.66	7.00	3.21	2.88	2.34	4.16	5.80	2.95
	574.63	436.40	457.96	418.42	566.78	495.13	503.29	546.82	639.85	518.80	546.33	541.05
	633.75	576.11	560.27	556.08	592.69	535.31	525.46	597.62	633.93	533.90	552.53	544.37
	151.96	147.03	124.67	132.71	134.75	134.17	109.53	124.39	123.01	134.80	122.62	99.95
	186.21	137.98	110.29	152.63	164.13	163.56	138.41	160.18	160.78	227.01	311.15	243.08
	43.22	36.79	41.91	35.55	36.86	37.04	39.97	40.42	39.58	41.79	43.59	43.24
	15.45	19.41	15.63	16.49	15.60	15.96	16.51	18.87	17.22	15.35	13.74	10.93
	28.60	28.02	29.25	30.31	28.99	27.55	26.81	26.20	25.55	24.35	22.53	19.83
	175.77	185.28	148.00	171.88	166.66	162.67	145.98	182.74	163.51	163.14	172.11	170.58
	-59.12	-139.71	-102.31	-137.66	-25.91	-40.18	-22.17	-50.80	5.92	-15.10	-6.20	-3.32
	0.00	0.53	67.57	0.00	-5.07	0.00	—	—	—	—	—	—
	-59.12	-139.18	-34.74	-137.66	-30.98	-40.18	-22.17	-50.80	5.92	-15.10	-6.20	-3.32
	0.36	3.15	3.45	1.37	7.65	-9.67	5.33	12.30	1.47	4.51	1.34	0.89
	-59.48	-142.33	-38.19	-139.03	-23.33	-30.51	-16.84	-38.50	4.45	-10.59	-4.86	-2.43
	-4.19	-10.02	-2.69	-9.79	-1.64	-2.14	-1.19	-2.71	0.31	-0.75	-0.35	-0.17
Key metrics
	-15.07	-91.75	10.14	-90.86	13.61	3.33	21.15	-5.73	48.69	24.60	30.07	27.44
	-2.60%	-21.30%	2.20%	-22.50%	2.40%	0.70%	4.20%	-1.10%	7.60%	4.80%	5.60%	5.10%
	-10.40%	-33.10%	-8.40%	-34.40%	-4.20%	-6.30%	-3.40%	-7.10%	0.70%	-2.10%	-0.90%	-0.50%
	—	-24.80%	—	-17.90%	—	-2.90%	—	—	—	—	—	—
	1.50%	-11.80%	-9.40%	-25.70%	-12.00%	-5.20%	-7.50%	1.10%	—	—	—	—
	-155.00%	-366.50%	-126.80%	-261.10%	-624.30%	-188.10%	-246.50%	-1,484.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	1,857	1,849	2,170	2,216	2,020	1,257
	29.92	29.96	14.84	15.74	82.40	47.39
	1,887	1,879	2,184	2,231	2,102	1,305
	2,326	2,285	2,292	2,221	1,924	1,221
	556.37	539.16	491.10	470.72	377.48	275.31
	587.11	565.03	622.93	1,035	894.60	580.33
	157.47	151.11	157.01	173.53	168.02	135.64
	66.98	67.13	68.56	49.27	23.54	22.48
	116.18	116.57	106.11	83.49	58.05	58.12
	680.93	671.31	654.31	662.84	474.28	279.89
	-438.80	-405.59	-107.23	10.40	178.38	83.85
	68.10	63.03	0.00	25.78	15.00	—
	-370.70	-342.56	-107.23	36.18	193.38	83.85
	8.33	0.32	-25.83	8.16	32.45	20.12
	-379.03	-342.88	-81.40	28.02	160.93	63.73
	-26.69	-24.14	-5.73	1.97	11.37	4.51
Key metrics
	-187.54	-158.86	67.44	168.94	274.97	164.45
	-10.10%	-8.60%	3.10%	7.60%	13.60%	13.10%
	-20.41%	-18.50%	-3.80%	1.30%	8.00%	5.10%
	—	-56.90%	-4.60%	—	—	—
	-11.26%	-14.80%	-2.10%	9.70%	60.60%	—
	—	-321.20%	-390.50%	-82.60%	152.50%	—
	—	51.37	220.17	—	—	—
	—	-0.28	-3.24	—	—	—
	—	1.83	0.60	—	—	—
	—	358.79	301.21	—	—	—
	—	45.1	94.0	—	—	—
Balance sheet
	—	1,415	1,685	—	—	—
	—	826.61	1,058	—	—	—
	—	23.82	27.62	—	—	—
	—	265.68	368.18	—	—	—
	—	355.13	575.11	—	—	—
	—	—	73.30	—	—	—
	—	166.42	147.56	—	—	—
	—	392.09	384.74	—	—	—
	—	931.54	851.39	—	—	—
	—	382.61	328.83	—	—	—
	—	382.61	328.83	—	—	—
	—	0.00	0.00	—	—	—
	—	208.72	549.67	—	—	—
Cash flow
	—	97.08	263.57	—	—	—
	—	-24.76	-36.03	—	—	—
	—	-76.12	-227.01	—	—	—
	—	45.71	43.40	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -2.90%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -11.26%
Profit YoY (TTM): -247.16%

Consolidated

Sales CAGR 3Y: -3.73%
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -10.75%
Profit YoY (TTM): -340.44%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 42.35%

Quarter	September 2026	June 2026	December 2025
Promoter %	42.35%	42.35%	42.35%

Holder	Type	Holding	Previous	Change
DGP SECURITIES LIMITED	Promoter Group	17.07%	17.07%	0.00%
MULTIPLES PRIVATE EQUITY GIFT FUND IV	Promoter	12.02%	12.02%	0.00%
MULTIPLES PRIVATE EQUITY FUND IV	Promoter	10.90%	10.90%	0.00%
SAMVIBHAG SECURITIES PRIVATE LIMITED	Public	8.44%	8.44%	0.00%
SBI FLEXICAP FUND	Public	6.78%	—	—
TATA MUTUAL FUND - TATA SMALL CAP FUND	Public	3.36%	3.36%	0.00%
Alternate Investment Funds	Public	2.59%	—	—
ICICI PRUDENTIAL SMALLCAP FUND	Public	2.14%	—	—
INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS	Public	1.39%	1.39%	0.00%
DGP ENTERPRISES PVT LTD	Promoter Group	1.38%	1.38%	0.00%
HSBC MUTUAL FUND - HSBC VALUE FUND	Public	1.09%	—	—
DILIP GOPIKISAN PIRAMAL	Promoter	0.45%	0.45%	0.00%
SHALINI DILIP PIRAMAL	Promoter	0.23%	0.23%	0.00%
Radhika Dilip Piramal	Promoter	0.16%	0.16%	0.00%
APARNA PIRAMAL RAJE	Promoter	0.10%	0.10%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Shaily Engineering Plastics Ltd.	13,727	2,984.35	73.48	30.40%	+18.37% TTM	+27.82% TTM	+26.10%
Safari Industries (India) Ltd.	5,931	1,210.35	35.93	18.60%	+13.97% TTM	+10.86% TTM	-42.62%
V.I.P. Industries Ltd.	3,566	251.05	-9.42	-46.80%	-10.75% TTM	-340.44% TTM	-38.09%
Nilkamal Limited	2,977	1,995.15	18.69	9.60%	+7.60% TTM	+51.96% TTM	+32.88%
BAI-KAKAJI POLYMERS LIMITED	620	289.55	—	23.60%	—	—	—
Atharva Poly-Plast Limited S	212	111.63	34.62	40.50%	—	—	—
Pil Italica Lifestyle Limited S	163	6.92	69.20	8.40%	-6.63% TTM	-57.04% TTM	-42.72%
Prima Plastics Ltd.	130	118.55	4.96	11.50%	-5.24% TTM	+48.53% TTM	-12.70%
Tokyo Plast International Ltd. S	74	78.26	43.72	6.80%	+11.04% TTM	+65.38% TTM	-37.57%
Avro India Limited S	73	5.42	18.69	7.40%	+11.47% TTM	+11.63% TTM	-57.67%
Pearl Polymers Ltd. S	26	15.25	-4.83	-16.20%	-8.07% TTM	-50.42% TTM	-44.14%
Technopack Polymers Limited S	12	11.00	8.59	8.00%	—	—	-48.84%

Filings & corporate actions

Recent announcements

Enclosing herewith the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 30th September, 20267 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and as per Company''s Code of Conduct to regulate, monitor and report trading in securities and fair disclosure of unpublished ....28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we wish to inform you that in accordance with the terms of VIP Employees Stock Appreciations ....22 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Please find attached herewith.18 Sep 2026 · Board Meeting / Outcome of Board Meeting
VIP Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/09/2026 ,inter alia, to consider and approve In terms of Regulation 29 of ....15 Sep 2026 · Board Meeting / Board Meeting
Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Voting Results of the 59th Annual General Meeting ....21 Aug 2026 · AGM/EGM / AGM
Further to our letter dated July 30, 2026, we wish to inform that the 59th Annual General Meeting ("AGM") of the Company was held today i.e. Friday, August 21, 2026, at 2:30 P.M. through ....21 Aug 2026 · AGM/EGM / AGM
Pursuant to Regulation 47 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulation, 2015, we hereby enclosed copies ....14 Aug 2026 · Company Update / Newspaper Publication
Please find attached Press Release on "VIP Industries registers a Revenue Uptrend within Two Quarters under the New Management Team".12 Aug 2026 · Company Update / Press Release / Media Release
Please find attached Investor Presentation on the Business and Financial Performance of the Company for the Quarter ended June 30, 202612 Aug 2026 · Company Update / General
Please find attached Un-Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter ended June 30, 2026.12 Aug 2026 · Result / Financial Results
Pursuant to Regulations 30, and Regulations 33 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith ....12 Aug 2026 · Board Meeting / Outcome of Board Meeting
VIP Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve Notice is hereby given that ....6 Aug 2026 · Board Meeting / Board Meeting
Please find attached herewith Intimation for Grant of Employee Stock Appreciation Rights3 Aug 2026 · Company Update / General
Pursuant to Regulations 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") please find ....3 Aug 2026 · Company Update / Resignation of Chief Financial Officer (CFO)
Pursuant to Regulations 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("SEBI Listing Regulations"), please find ....3 Aug 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Pursuant to Regulations 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("SEBI Listing Regulations"), please find ....3 Aug 2026 · Company Update / Change in Management
Pursuant to Regulations 30 read with Schedule III Part A Para A of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("SEBI Listing Regulations"), please find ....3 Aug 2026 · Others / Outcome without intimation
Please find attached Newspaper Advertisement pertaining to the Notice of 59th Annual General Meeting of the Company including the remote E-Voting Information.31 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulations 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Business Responsibility and Sustainability Report ....30 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Pursuant to Regulation 30 read with para A of part A of Schedule III of SEBI(Listing Obligations and Disclosure Requirements), Regulations, 2015, please find attached Notice convening the ....30 Jul 2026 · AGM/EGM / AGM
Pursuant to Regulation 34 (1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find attached Annual Report of the Company for the financial year 2025-26.30 Jul 2026 · Others / Reg. 34 (1) Annual Report
Enclosing herewith the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation, 2018 for the quarter ended 30th June, 202610 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to provisions of SEBI (Listing Obligations and Disclosures Requirements), Regulations 2015, we wish to inform you that in accordance with the terms of VIP Stock Appreciation Rights ....6 Jul 2026 · Company Update / Allotment of ESOP / ESPS
The trading Window for dealing in securities of the Company shall remain closed from Wednesday, July 01, 2026 for designated persons and their Immediate relatives till 48 hours after the ....30 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find attached herewith the revision ....27 Jun 2026 · Company Update / Credit Rating
Pursuant to Regulations 30 read with Schedule III Para A of Part A of the SEBI (LODR) Regulations, 2015, please find attached Newspaper advertisement published in the Free Press Journal ....5 Jun 2026 · Company Update / Newspaper Publication
Please find attached intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20151 Jun 2026 · Company Update / General
Please find attached herewith the Press release titled "VIP unveils a refreshing new ''Travel VIP'' campaign: Unveils three new collections for the Modern Indian Traveller".1 Jun 2026 · Company Update / Press Release / Media Release
Annual Secretarial Compliance Report for the financial year ended 31st March, 2026.29 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find attached herewith the Change in Directors.26 May 2026 · Company Update / Change in Management
Please find attached outcome of the Board Meeting - resolutions passed by circular by the Board of Directors of the Company on May 26, 2026. We request you to kindly take the above on record.26 May 2026 · Others / Outcome without intimation
Please find attached herewith Change in Management.18 May 2026 · Company Update / Change in Management
Pursuant to Regulation 47 read with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we hereby enclosed ....16 May 2026 · Company Update / Newspaper Publication
Investor presentation on the business and financial performance of the Company for the quarter and year ended March 31, 2026.15 May 2026 · Company Update / General
The Board has recommended the appointment of M/s. Deloitte Haskins & Sells Chartered Accountant LLP as Statutory Auditor of the Company, subject to the approval of the shareholder and completion ....15 May 2026 · Company Update / Appointment of Statutory Auditor/s
Please find attached Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2026.15 May 2026 · Result / Financial Results
Please find attached outcome of the Board Meeting held today i.e. May 15, 2026. We wish to inform you that the Board of Directors of the Company at its meeting held today has inter alia ....15 May 2026 · Board Meeting / Outcome of Board Meeting
VIP Industries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/05/2026 ,inter alia, to consider and approve Notice is hereby given that ....11 May 2026 · Board Meeting / Board Meeting
Please find attached disclosure. Pursuant to Regulation 30, read with Para A Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements), 2015 ("SEBI Listing Regulations"), ....4 May 2026 · Company Update / Resignation of Company Secretary / Compliance Officer

Board meetings

12 Aug 2026 Board Meeting - Financial Results