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Vipul Ltd (VIPULLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511726 NSE: VIPULLTD Construction - Real Estate | Small Cap | Vipul Share Price

₹9.18 0.34 (3.85%)

As on 05-Jun'26 09:51

Vipul Ltd (VIPULLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 511726 NSE: VIPULLTD Construction - Real Estate | Small Cap | Vipul Share Price

₹9.18 0.34 (3.85%)

As on 05-Jun'26 09:51

Key Metrics
Valuation Multiples
Market Cap
₹125 Cr.
Current Price
₹9.2
52-Week Low / High
₹7 / 14
TTM EPS
₹-2.2
TTM Sales
₹59.3 Cr.
Book Value per Share
₹27.1
P/E Ratio
0.00
Industry PE
42.8
Price to Book (P/B)
0.33
Lower than its 5-year historical median
Price to Sales (P/S)
2.10
Lower than its 5-year historical median
EV/EBITDA
-10.31
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-5.96%
Underperforms industry median
Return on Capital Employed (ROCE)
-0.02%
Underperforms industry median
Return on Assets (ROA)
-1.79%
Operating Profit Margin
-14.8%
Net Profit Margin
-26.95%
Gross Profit Margin
-26.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-52.21%
Operating Profit Growth (1 Year)
-
-114.82%
Net Profit Growth (1 Year)
-
-108.85%
Asset Quality
Promoter Holding
18.25%
Pledged shares (%) of Promoter's holding (%)
30.71%
Reserves
₹367 Cr.
Equity
₹14.1 Cr.
Face Value
₹1
All Time Low / High
₹0.40 / 145.12

Vipul stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Vipul Ltd a good quality company?
Vipul Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vipul Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vipul Ltd vs industry peers?
Vipul Ltd revenue CAGR is -12.78%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Vipul Ltd?
Promoters hold 18.25% of the Vipul Ltd, with 30.71% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Vipul Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -16.4% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vipul Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.4%3.3%4%3.1%-0.2%-4.3%-1.3%-26%71.7%-0%-
Value Creation
Index
-0.8-0.8-0.7-0.8-1.0-1.3-1.1-2.94.1-1.0-

Growth Parameters

Sales 17922626921616135.712237.917081.359
Sales YoY Gr.-26.7%18.9%-19.9%-25.4%-77.8%242.9%-69%348.2%-52.2%-
Adj EPS 0.1-0.10.20.1-3.4-4.1-2.3-1020.1-1.6-2.2
YoY Gr.--166.7%NA-42.9%-2916.7%NANANANA-108.2%-
BVPS (₹) 34.233.533.633.731.427.3258.829.427.127.1
Adj Net
Profit
1.1-0.72.51.4-40.5-49.4-27.9-120242-23.1-31
Cash Flow from Ops. -58.7-108-17235.738.432.432.6364-86.317.1-
Debt/CF from Ops. -5-4-3.717.51618.717.70.7-25-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -8.4%-12.8%-12.7%-52.2%
Adj EPS -238.1%NANA-108.2%
BVPS-2.6%-2.9%2.7%-8.1%
Share Price -16.4% -20.9% -16.8% -18.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.3-0.20.60.4-10.4-14-8.9-59.1105.3-6.3-8.1
Op. Profit
Mgn %
7.29.211.613.3-15.9-145.3-16.8-15947.7-14.8-66.3
Net Profit
Mgn %
0.6-0.30.90.7-25.2-138.5-22.8-315.8142-28.5-52.1
Debt to
Equity
0.71.11.61.51.61.91.92.30.50.2-
Working Cap
Days
2,1141,8061,7072,4283,50015,8074,44612,0002,3765,2483,654
Cash Conv.
Cycle
1,0349058631,3382,1029,9072,5846,3671,0222,793844

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales179226269216161361223817081
Operating Expenses + 166206238187187881431118993
Manufacturing Costs10412916316817378123457877
Material Costs315049-4-7-52-2-5-2
Employee Cost 191819171499998
Other Costs 1397775959710
Operating Profit 13213129-26-52-20-7381-12
Operating Profit Margin (%) 7.2%9.2%11.6%13.2%-15.9%-145.0%-16.8%-191.0%47.7%-14.8%
Other Income + 1157524119923213
Exceptional Items 0000000-9500
Interest 22253231292623362022
Depreciation 1111110011
Profit Before Tax 1-062-31-67-35-195292-22
Tax 0030-4-18-70450
Profit After Tax 1-131-27-49-28-195247-22
PAT Margin (%) 0.6%-0.3%0.9%0.7%-17.0%-138.0%-22.8%-513.0%145.5%-27.0%
Adjusted EPS (₹)0.1-0.10.20.1-2.3-4.1-2.3-16.220.6-1.6
Dividend Payout Ratio (%)0%-88.50%24%42%0%0%0%0%0%0%

Valuation of Vipul - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 411402404404376327300106353381
Share Capital 12121212121212121214
Reserves 39939039239236431528894341367
Debt +2043735125214422051921818976
Long Term Debt11225839639631580845600
Short Term Debt911151171251281251081258976
Minority Interest0000000000
Trade Payables33293853648281575345
Others Liabilities 489398454564743980966713757689
Total Liabilities 1,1371,2021,4081,5411,6251,5941,5391,0571,2531,191

Fixed Assets

Net Fixed Assets +8877443343
Gross Block19202121181716151212
Accumulated Depreciation111213141413131289
CWIP 0000000000
Investments 24242424242424111110
Inventories400410537604641650575400406410
Trade Receivables198184217329383332323124248272
Cash Equivalents 1916144175841194832
Others Assets 489559609573557528572499536464
Total Assets 1,1371,2021,4081,5411,6251,5941,5391,0571,2531,191

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -59-108-17236383233364-8617
PBT 1-062-31-67-35-194292-22
Adjustment 1223272724161641-18711
Changes in Working Capital -71-129-21014488450514-16926
Tax Paid -1-25-7-3-123-222
Cash Flow From Investing Activity + 1025471210920713
Capex -0-1-1-0211170
Net Investments 0000040003
Others 11364569820010
Cash Flow From Financing Activity 42107171-48-37-35-54-375-86-60
Net Proceeds from Shares + 00000000050
Net Proceeds from Borrowing 79113205-22-11-7-13-357-30-75
Interest Paid -22-25-32-31-29-26-23-36-20-22
Dividend Paid 0-0-1-1000000
Others -1520-263-3-1718-36-14
Net Cash Flow -614-899-11-235-30

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.28-0.170.620.35-7.03-14.03-8.88-96.07107.89-5.96
ROCE (%)3.423.253.963.14-0.2-4.3-1.29-26.0271.73-0.02
Asset Turnover Ratio0.160.190.210.150.10.020.080.030.150.07
PAT to CFO Conversion(x)-59N/A-57.3336N/AN/AN/AN/A-0.35N/A
Working Capital Days
Receivable Days341.20308.30272.30462.60807.403,654.60976.802,152.20399.901,168.90
Inventory Days775.20652.90642.20965.301,411.506,603.701,827.904,693.80865.601,832.70
Payable Days420.40227.80245-3,996.20-2,851.10-5,60000-3,704.70-9,108.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *68.5914.2510.8818.0627.5730.7130.7130.7130.7130.71
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vipul Ltd FAQs

The current trading price of Vipul on 05-Jun-2026 09:51 is ₹9.18.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Vipul stood at ₹124.6 Cr

The latest P/E ratio of Vipul as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Vipul as of 04-Jun-2026 is 0.33.

The 52-week high of Vipul is ₹13.80 and the 52-week low is ₹7.40.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vipul is ₹59.27 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vipul Ltd is a below average quality company.

The key valuation ratios of Vipul Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vipul Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vipul Ltd

Vipul limited, a synonym for happy buildings was established in 2001 and is a company constantly spreading happiness over the years through its landmark developments. A Vipul group company through its state-of-the-art technology and know-how is all set to bring a paradigm shift to the real estate industry.

Vipul has been and is continuing to drive value for its associates, clients and employees. With its entrepreneurial fervor, the group endeavors in real estate and facility management. 

The group’s vision is to provide end to end solutions leading to higher returns with the mission to endorse its practice of encouraging innovative ventures with prudence. Excellence, Innovation, Integrity, Competence and Commitment are the core values of the group with which it looks to the future in great confidence.

With aggressive plans to expand across the national boundaries Vipul has already delivered about 6 Million Sq. Ft. and is presently working on an area of about 10 million sq ft through Integrated Townships, High-End Luxury Apartments, Independent Floors, Lavish Villas, Retail & Commercial Towers, Hotels and SEZ.

Vipul Townships are envisaged as the most desirable and sought after address of tomorrow. Nestled with the most exquisite luxuries and state of the art support systems, these town- ships personify the elegance of modern lifestyle.

Vipul is engaged in the construction of :

Integrated Townships

  • Vipul World, Gurgaon- A 150 Acre (Approx) expertly Planned township in Sec-48, Gurgaon, Vipul World, a perfect blend of modern infrastructure & elegant lifestyle aesthetically nestled into manicured greens. This well planned township offers a choice of plots and designer villas. Breath-taking landscaping & a serene atmosphere add on to the grandeur of this township which is far from the maddening crowd.
  • Vipul World, Ludhiana- A 109 Acre (Approx) contemporary integrated township Vipul World is strategically located on the Ludhiana Ferozpur road. With a wide choice of plots and high rise apartments, Vipul World will be known for its infrastructural development in times to come. Nestled with most exquisite luxuries, this township is very well connected.

Villas

  • Tatvam Villas- Tatvam Villas”, spread over an area of 50 acres (approx), is a part of 150 acres premium integrated township called VIPUL WORLD on main Sohna Road, Gurgaon. 290 exclusive villas designed to match the taste of the discerning few, these villas are modern & contemporary in design with all the features to facilitate comfortable living, backed by plethora of modern services.

Commercial Projects

  • Vipul Tech Square -Vipul Tech Square is sprawled on 1.08 acre is the culmination of the highest standards of quality and the the state of the art structure. A futuristic 18 storied commercial complex in salt lake been designed to take you right to the top, when it comes to office space.
  • Vipul Trade Centre - Developed over an area of 4.06 acres (approx), Vipul Trade Centre boasts of a prime location on Gurgaon - Sohna Road. Amidst affluent commercial hubs and residential communities, this business address is envisaged as the axis for some fortune 500 companies.
  • The Ace - The Ace located on NH-8 Manesar is spread over an area of 10.85 acres (approx). Divided into three zones Office Complex, Retail Destination and a Hotel by Radisson, The Ace is a perfect confluence of Business & Leisure. Total built up area: 8,00000 sq.ft(approx).
  • Vipul World Commercial -Vipul World Commercial is an exceptional office complex located on the Gurgaon-Sohna Road and will cater to the overall needs of today's corporate houses. Spread over 3.65 Acres(approx) Vipul World Commercial will offer grand space that will enable the employees to work with leisure and complete peace of mind.

Group Housing Projects

  • Vipul Floors -Vipul Floors, a part of the Ardee City, is a prestigious residential complex of independent floors. Offering luxurious living that is an expression of exuberant lifestyle and quite elegance, Vipul Floors is presently home for 72 families.
  • Vipul Gardens -Vipul Gardens is a plush group housing strategically located on the Golf Course Road. Truly international in its layout and space management, Vipul Gardens is a home for approx.300 families.
  • Vipul Greens - Admired as an exquisite attraction on the Gurgaon Sohna Road, Vipul Greens is an adobe, beautifully planned 17.18 acres of land where every window opens to verdant landscaping. 2 exquisitely planned apartments per floor with spacious living options. Currently 644 families are residing happily.
  • Vipul Belmonte - Considered as one of the top elite addresses of the NCR, Vipul Belmonte is a luxury group housing on the Golf Course road. A haven for 312 families it is set amidst lush greens and water bodies over an area of approx 11.4 acres.

Subsidiaries:

  • Vipul Facility Management(VFM).
  • NGENOX

Future plan:

Vipul is planning to build 900 acre integrated township in Ludhiana.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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