Vippy Spinpro Ltd - Stock Valuation and Financial Performance

BSE: 514302 | NSE: | Textile - Spinning | Small Cap

Vippy Spinpro Share Price

172 8.15 4.97%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Vippy Spinpro

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vippy Spinpro stock performance -

mw4me loader
P/E Ratio (SA):
56.18
Market Cap:
101 Cr.
52-wk low:
134
52-wk high:
214.5

Is Vippy Spinpro Ltd an attractive stock to invest in?

1. Is Vippy Spinpro Ltd a good quality company?

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

2. Is Vippy Spinpro Ltd undervalued or overvalued?

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

3. Is Vippy Spinpro Ltd a good buy now?

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

10 Year X-Ray of Vippy Spinpro:

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.
Vippy Spinpro Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 9.2%9.4%9.7%7.8%7.6%9.1%7.6%8%19.6%12.5%-
Value Creation
Index
-0.3-0.3-0.3-0.4-0.5-0.4-0.5-0.40.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 99.894.587.898.110511411187.6139156234
Sales YoY Gr.--5.3%-7.1%11.8%7.2%8%-2.6%-20.9%59.2%12.1%-
Adj EPS 5.65.55.355.47.66.36.620.517.93.1
YoY Gr.--1.1%-4.2%-5.3%8.6%39.9%-16.4%4.4%209.1%-12.6%-
BVPS (₹) 38.544.149.355.661.368.875.182102.9121.5124.5
Adj Net
Profit
3.33.23.12.93.24.53.73.91210.52
Cash Flow from Ops. 0.712.26.9-9.15.3-0.511.55.4-6.826.7-
Debt/CF from Ops. 38.310.7-1.73.4-37.70.70.5-21.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.1%8.3%12.2%12.1%
Adj EPS 13.9%27%41.3%-12.6%
BVPS13.6%14.7%17.4%18.1%
Share Price 32.7% 31.1% 61.3% 4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.613.311.39.59.311.78.88.422.115.92.5
Op. Profit
Mgn %
7.98.27.55.677.75.97.912.110.75.6
Net Profit
Mgn %
3.33.43.5333.93.44.48.66.70.8
Debt to
Equity
1.10.50.20.50.50.50.20.10.20.4-
Working Cap
Days
12813012012714315316319114814244
Cash Conv.
Cycle
11411510310812112814217513012131

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.20%

Net Profit is growing at healthy rate in last 3 years 41.31%

Sales growth is good in last 4 quarters at 63.29%

Return on Equity has declined versus last 3 years average to 2.50%

Latest Financials - Vippy Spinpro Ltd.

Standalone Consolidated
TTM EPS (₹) 3.1 -
TTM Sales (₹ Cr.) 234 -
BVPS (₹.) 124.5 -
Reserves (₹ Cr.) 67 -
P/BV 1.38 -
PE 56.18 -
From the Market
52 Week Low / High (₹) 134.00 / 214.50
All Time Low / High (₹) 0.15 / 217.70
Market Cap (₹ Cr.) 101
Equity (₹ Cr.) 5.9
Face Value (₹) 10
Industry PE 31.6

Management X-Ray of Vippy Spinpro:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vippy Spinpro

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales10095889810511411188139156
Operating Expenses 928781939810510481123140
Manufacturing Costs8888887787
Material Costs7670647479858563101118
Employee Cost 2223344345
Other Costs 77777887910
Operating Profit 887579771717
Operating Profit Margin (%) 7.8%8.2%7.5%5.6%7.0%7.7%5.9%7.9%12.1%10.7%
Other Income 1111001011
Interest 1100111001
Depreciation 2322222213
Exceptional Items 0000000000
Profit Before Tax 555556551614
Tax 1211121144
Profit After Tax 333334441211
PAT Margin (%) 3.2%3.4%3.5%3.4%3.3%3.9%3.4%4.5%8.7%6.9%
Adjusted EPS (₹)5.45.55.35.75.87.66.56.820.718.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 23262933364044486071
Share Capital 6666666666
Reserves 17202327303538425565
Minority Interest0000000000
Debt22103141719831429
Long Term Debt43102210027
Short Term Debt187214141872132
Trade Payables0000031121
Others Liabilities 87755656613
Total Liabilities 534339525869585881115

Fixed Assets

Gross Block40414113192120202073
Accumulated Depreciation252730246891013
Net Fixed Assets15131111161513111060
CWIP 0000000040
Investments 0001000000
Inventories20161726223022273728
Trade Receivables131079131821172220
Cash Equivalents 0000000000
Others Assets4446663387
Total Assets 534339525869585881115

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1127-95-1115-727
PBT 555556551614
Adjustment 4422332213
Changes in Working Capital -572-14-1-86-1-2113
Tax Paid -2-2-2-2-1-1-1-1-4-4
Cash Flow From Investing Activity 000-1-7-110-4-48
Capex -100-1-7-100-4-49
Net Investments 0000000000
Others 0000001011
Cash Flow From Financing Activity 0-12-71021-12-61021
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-2-20000000
Interest Paid 0000-1-1-100-1
Dividend Paid 0000000000
Others 2-11-51132-12-51122
Net Cash Flow 0000000000
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.1613.4211.2910.791011.728.978.6122.4316.27
ROCE (%)13.1213.7714.1712.3711.6112.39.4311.1326.5917.11
Asset Turnover Ratio1.931.962.142.151.911.791.741.5121.59
PAT to CFO Conversion(x)0.3342.33-31.67-0.252.751.25-0.582.45
Working Capital Days
Receivable Days39453630375064795148
Inventory Days787168798484851028476
Payable Days3211168754

Vippy Spinpro Ltd Stock News

Vippy Spinpro Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vippy Spinpro on 12-Apr-2024 16:59 is ₹172.0.
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 12-Apr-2024 16:59 the market cap of Vippy Spinpro stood at ₹101.0.
The latest P/E ratio of Vippy Spinpro as of 12-Apr-2024 16:59 is 56.18.
The latest P/B ratio of Vippy Spinpro as of 12-Apr-2024 16:59 is 1.38.
The 52-week high of Vippy Spinpro is ₹214.5 and the 52-week low is ₹134.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vippy Spinpro is ₹233.5 ( Cr.) .

About Vippy Spinpro Ltd

Vippy Spinpro established in 1992, is in the business of manufacturing cotton yarn for different applications by rotor spinning. The company operates one of the leading open-end spinning mill in India. It has ISO-9001: 2000 certification from BVQI.

Products

  • NE 5.5's 100% Virgin Cotton OE Yarn
  • NE 6's 100% Virgin Cotton OE Yarn
  • NE 7's 100% Virgin Cotton OE Yarn
  • NE 8's 100% Virgin Cotton OE Yarn
  • NE 10's 100% Virgin Cotton OE Yarn
  • NE 12's 100% Virgin Cotton OE Yarn
  • NE 16's 100% Virgin Cotton OE Yarn
  • 2 to 5 ply of NE 5's to NE 10's counts

The company customers include manufacturers of denim, terry towel, bottom weights, surgical cloth, industrial fabrics and furnishings.

It manufacturing facility is located at Works Office 14-A, Industrial Area No.1, A. B. Road, Dewas -455001, Madhya Pradesh.

The company also exports its products to Bangladesh and Hong Kong.

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