VIP Clothing Ltd - Stock Valuation and Financial Performance

BSE: 532613 | NSE: VIPCLOTHNG | Textile | Small Cap

VIP Clothing Share Price

50.19 1.74 3.59%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on VIP Clothing

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

1. Quality

2. Valuation


3. Price Trend

VIP Clothing stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
412.6 Cr.
52-wk low:
52-wk high:

Is VIP Clothing Ltd an attractive stock to invest in?

1. Is VIP Clothing Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that VIP Clothing Ltd is a average quality company.

2. Is VIP Clothing Ltd undervalued or overvalued?

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

3. Is VIP Clothing Ltd a good buy now?

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

10 Year X-Ray of VIP Clothing:

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.
VIP Clothing Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 7.5%8.3%-3.3%2.9%1.8%-0%-3.4%3%2.3%4.2%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 257261194232222207173143183201183
Sales YoY Gr.-1.4%-25.5%19.1%-3.9%-6.7%-16.7%-17.2%27.9%9.7%-
Adj EPS 0.81-2-0.3-0.4-0.8-1.8-0.1-0.20.4-1.5
YoY Gr.-27.3%-305.1%NANANANANANANA-
BVPS (₹) 12.712.912.520.923.518.416.516.416.216.916.8
Adj Net
Cash Flow from Ops. 34.812.31010.2-16.66.914.35.8-3.513.1-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.7%-2%5.1%9.7%
Share Price 11.3% 25.6% 41.7% 10.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.61

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.11%

Sales growth is not so good in last 4 quarters at -8.36%

Latest Financials - VIP Clothing Ltd.

Standalone Consolidated
TTM EPS (₹) -1.5 -
TTM Sales (₹ Cr.) 183 -
BVPS (₹.) 16.8 -
Reserves (₹ Cr.) 122 -
P/BV 2.98 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 28.78 / 59.76
All Time Low / High (₹) 2.04 / 101.50
Market Cap (₹ Cr.) 413
Equity (₹ Cr.) 16.5
Face Value (₹) 2
Industry PE 29.4

Management X-Ray of VIP Clothing:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of VIP Clothing

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 234233196218212204188140176188
Manufacturing Costs34373230343229202723
Material Costs16115611514112912211386108123
Employee Cost 16171617182121171819
Other Costs 24243330312825182323
Operating Profit 2328-114104-163713
Operating Profit Margin (%) 8.9%10.7%-0.8%6.0%4.7%1.8%-9.0%2.1%3.7%6.3%
Other Income 1111123232
Interest 131313121191011109
Depreciation 4543334443
Exceptional Items 008-7000006
Profit Before Tax 811-9-8-3-7-28-10-48
Tax 340000-13-9-22
Profit After Tax 57-10-7-3-6-15-1-27
PAT Margin (%) 2.1%2.7%-5.1%-3.2%-1.4%-3.0%-8.7%-0.7%-1.2%3.3%
Adjusted EPS (₹)0.71.0-1.4-1.0-0.4-0.8-1.8-0.1-0.30.8
Dividend Payout Ratio (%)27%28%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 1039693156194152137135133140
Share Capital 24171313171717171717
Reserves 787980143178135120119117123
Minority Interest0000000000
Long Term Debt00000003107
Short Term Debt83949494808279858775
Trade Payables33323423242121223128
Others Liabilities 28332267654736242336
Total Liabilities 247255243341364302272270285286

Fixed Assets

Gross Block101103100189185131136137137124
Accumulated Depreciation29373817192226303327
Net Fixed Assets72676217116610910910710497
CWIP 0200000000
Investments 0000000000
Trade Receivables56765553656049606066
Cash Equivalents 33345648515
Others Assets1616810141618182326
Total Assets 247255243341364302272270285286

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 35121010-177146-413
PBT 811-17-1-3-7-28-10-48
Adjustment 141616151311918158
Changes in Working Capital 11-1343-28233-2-14-2
Tax Paid 0-3-3000000-1
Cash Flow From Investing Activity -5-42123-13-1011
Capex -6-5-1102-10-1011
Net Investments 00000-13-100
Others 1021100000
Cash Flow From Financing Activity -31-8-11-2115-6-16-21-14
Net Proceeds from Shares 00804100000
Net Proceeds from Borrowing 0000000000
Interest Paid -13-13-13-12-11-9-10-11-9-9
Dividend Paid -2-2-20000000
Others -166-4-9-153-5910-5
Net Cash Flow -10011022-310
ROE (%)5.967.64-10.71-5.92-1.75-3.58-10.37-0.77-1.654.86
ROCE (%)10.812.341.642.023.160.93-7.590.512.357.41
Asset Turnover Ratio1.031.040.780.790.630.620.60.660.810.87
PAT to CFO Conversion(x)71.71N/AN/AN/AN/AN/AN/AN/A1.86
Working Capital Days
Receivable Days809212385971101151129893
Inventory Days147135195173178198216173138127
Payable Days53506859666767929189

VIP Clothing Ltd Stock News

VIP Clothing Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of VIP Clothing on 12-Jul-2024 16:01 is ₹50.19.
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-Jul-2024 16:01 the market cap of VIP Clothing stood at ₹412.6.
The latest P/E ratio of VIP Clothing as of 12-Jul-2024 16:01 is 0.00.
The latest P/B ratio of VIP Clothing as of 12-Jul-2024 16:01 is 2.98.
The 52-week high of VIP Clothing is ₹59.76 and the 52-week low is ₹28.78.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VIP Clothing is ₹183.3 ( Cr.) .

About VIP Clothing Ltd

Maxwell Industries Limited, part of the successful VIP Group, was incorporated in 1991. It is a leading manufacturer of high quality 100% cotton yarn manufacturer in India for hosiery/weaving industries. It operates in the highly competitive domestic and international market as suppliers of 100% Combed Auto leveled  and Auto Coned Contamination controlled Siro cleared hosiery/woven cotton yarn for the high tech knitting/weaving industry. Maxwell Industries Ltd. is promoted by eminent men of vision and foresight. At the helm of the affairs are Jaykumar Pathare as Chairman and L. Jaipal Reddy as Managing Director, who have vast experience of over 35 years in this field.

The company is a part of the successful VIP Group, a leading supplier of world-class undergarments, with a total group turnover of $ 75 million. The unit started functioning in 1995 at the picturesque location of Kollappalur, 85 km from Coimbatore in the Southern Indian state of Tamil Nadu.

At Maxwell, the company is continuously striving for technological excellence by bringing the latest and best machineries internationally available. It also has a testing laboratory par excellence.

It has a state-of-the-art spinning mill situated on a total area of over 12 acres, at Kollappalur, 85 km from Coimbatore, in the southern Indian state of Tamil Nadu .The mill has excellent infrastructure to meet the ever-growing needs of customers. The mill is well-equipped to produce the best quality hosiery yarn. The mill has an installed capacity of 26,208 Ring Spindles and is equipped with  Blow Room with POLYSENSOR Contamination cleaner with Chute feed, Auto leveling both at Cards and Draw frames, Combers, Speed frames & Ring frames supplied by LMW, India, the world's third largest Textile Machinery Manufacturer. The mill also has auto coners from 'MURATA', Japan with USTER QUANTUM SIRO (CONTAMINATION) Electronic yarn clearers to ensure hosiery/weaving yarn of the best kind. Our production capacity for 40s Combed Warp/Hosiery yarn is 280 Tonnes per month.

In addition to the machinery and factory of international levels, the  company has an excellent testing laboratory and training center which aid the manufacturing process. The mill exports 60% production of our total capacity in countries like Europe, USA, Korea, Egypt, Hong Kong, etc.

Product range of the company includes:

The products manufactured at Maxwell have that extra edge over competition, to make it big in the international markets with regard to Quality, Productivity, Consistency, Profitability and Reliability.

It offers its customers fully Combed, Polysensor Contamination Cleaned at Blow room, Auto leveled and Auto coned yarn with SIRO Uster Quantum Clearers . The range is from NE 30s to 60s suitable for application on high speed knitting/ weaving machines. It manufactures Combed Hosiery Cotton Yarn in counts 24's, 30's, 34's,36s, 40s,50s & 60s  and 40’s and 60's Weaving counts.


It is ISO 9002 Certified by RWTUV, Munich,

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