Is VIP Clothing Ltd (VIPCLOTHNG) a good quality company?

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

Is VIP Clothing Ltd (VIPCLOTHNG) 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 .

What is VIP Clothing Ltd (VIPCLOTHNG) share price return in the past 10 years?

VIP Clothing Ltd share price has declined -6% annually (CAGR) over the past ten years.

Is VIP Clothing Ltd (VIPCLOTHNG) 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

What is the share price of VIP Clothing Ltd (VIPCLOTHNG)?

Company share prices are keep on changing according to the market conditions. The current trading price of VIP Clothing Ltd (VIPCLOTHNG) on 10-Apr-2026 16:59:59 at 16:59 is 23.70.

What is the market cap of VIP Clothing Ltd (VIPCLOTHNG)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Apr-2026 at 16:59, the market cap of VIP Clothing stood at Rs. 213.61 Cr.

What is the P/E ratio of VIP Clothing?

The latest standalone P/E ratio of VIP Clothing as of 10-Apr-2026 is 27.36.

What is the P/B ratio of VIP Clothing Ltd (VIPCLOTHNG)?

The latest standalone P/B ratio of VIP Clothing Ltd (VIPCLOTHNG) as of 10-Apr-2026 is 1.12.

What is the 52-week high and low of VIP Clothing Ltd (VIPCLOTHNG)?

The 52-week high of VIP Clothing Ltd (VIPCLOTHNG) is Rs. 45.23 and the 52-week low is Rs. 14.50.

What is the TTM revenue of VIP Clothing Ltd (VIPCLOTHNG)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of VIP Clothing is Rs. 247.20 (Cr.).

VIP Clothing Ltd (VIPCLOTHNG) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: VIP Clothing Ltd (VIPCLOTHNG)
Brand: VIP Clothing

10 Year X-Ray :

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	1.6%	2.8%	3.2%	0.9%	-7.6%	0.5%	2.4%	7.4%	-3.1%	6.3%	-
Value Creation Index ⓘ	-0.9	-0.8	-0.8	-0.9	-1.5	-1.0	-0.8	-0.5	-1.2	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	194	232	222	207	173	143	183	201	183	237	247
Sales YoY Gr.	-	19.1%	-3.9%	-6.7%	-16.7%	-17.2%	27.9%	9.7%	-8.7%	29.3%	-
Adj EPS ⓘ	-2	-0.1	-0.4	-0.8	-1.8	-0.1	-0.2	0.4	-1.5	0.6	0.9
YoY Gr.	-	NA	NA	NA	NA	NA	NA	NA	-450%	NA	-
BVPS (₹) ⓘ	12.5	20.9	23.5	18.4	16.5	16.4	16.2	16.9	15.4	19.1	21.1
Adj Net Profit ⓘ	-15	-0.6	-2.9	-6.3	-15.1	-1	-1.4	3.5	-12.1	5.8	8
Cash Flow from Ops. ⓘ	10	10.2	-16.6	6.9	14.3	5.8	-3.5	13.1	10.4	-37.4	-
Debt/CF from Ops. ⓘ	9.4	9.4	-4.8	11.9	5.5	15.3	-28.6	6.5	7.2	-2.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	2.2%	6.5%	9%	29.3%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	4.8%	2.9%	5.7%	23.9%
Share Price	-6%	11.7%	-17.3%	-37.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-15.6	-0.5	-1.6	-3.6	-10.4	-0.8	-1	2.5	-8.4	3.6	4.3
Op. Profit Mgn % ⓘ	-0.4	6.8	4.8	1.8	-9	2.1	4.3	7.1	-2.2	7.2	8.8
Net Profit Mgn % ⓘ	-7.7	-0.3	-1.3	-3	-8.7	-0.7	-0.8	1.7	-6.6	2.4	3.2
Debt to Equity ⓘ	1	0.6	0.4	0.6	0.6	0.7	0.8	0.6	0.6	0.5	-
Working Cap Days ⓘ	340	272	294	335	366	330	270	258	264	256	147
Cash Conv. Cycle ⓘ	280	216	235	266	288	224	183	157	157	142	62

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.30%

Debt to equity has declined versus last 3 years average to 0.45

Sales growth is good in last 4 quarters at 30.92%

Sales growth has been subdued in last 3 years 8.99%

Net Profit has been subdued in last 3 years 0.00%

	Standalone	Consolidated
TTM EPS (₹)	0.9	-
TTM Sales (₹ Cr.)	247	-
BVPS (₹) ⓘ	21.1	-
Reserves (₹ Cr.) ⓘ	172	-
P/BV ⓘ	1.12	-
PE ⓘ	27.36	-

From the Market
52 Week Low / High (₹)	14.50 / 45.23
All Time Low / High (₹)	2.04 / 101.50
Market Cap (₹ Cr.)	214
Equity (₹ Cr.)	18
Face Value (₹)	2
Industry PE ⓘ	32.8

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	194	231	222	207	173	143	183	201	183	237
Operating Expenses ⓘ +	196	216	212	204	188	140	176	188	188	220
Manufacturing Costs	32	30	31	31	29	19	26	23	29	29
Material Costs	115	141	129	122	113	86	108	123	107	145
Employee Cost	16	17	18	21	21	17	18	19	24	23
Other Costs ⓘ	33	28	34	30	25	19	24	24	28	23
Operating Profit ⓘ	-1	15	11	4	-16	3	7	13	-5	17
Operating Profit Margin (%)	-0.8%	6.7%	4.7%	1.8%	-9.0%	2.1%	3.7%	6.3%	-2.6%	7.0%
Other Income ⓘ +	1	1	1	2	3	2	3	2	0	1
Exceptional Items ⓘ	8	-7	-0	0	0	0	0	6	0	0
Interest ⓘ	13	12	11	9	10	11	10	9	9	8
Depreciation ⓘ	4	3	3	3	4	4	4	3	3	3
Profit Before Tax ⓘ	-9	-6	-3	-7	-28	-10	-4	8	-16	7
Tax ⓘ	0	-0	0	-0	-13	-9	-2	2	-3	2
Profit After Tax	-10	-6	-3	-6	-15	-1	-2	7	-13	5
PAT Margin (%)	-5.1%	-2.5%	-1.3%	-3.0%	-8.7%	-0.7%	-1.2%	3.3%	-6.9%	2.3%
Adjusted EPS (₹)	-1.4	-0.8	-0.4	-0.8	-1.8	-0.1	-0.3	0.8	-1.5	0.6
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	93	156	194	152	137	135	133	140	127	172
Share Capital ⓘ	13	13	17	17	17	17	17	17	17	18
Reserves ⓘ	80	143	178	135	120	119	117	123	111	154
Debt +	94	95	80	83	79	89	97	82	71	74
Long Term Debt	0	0	0	0	0	3	10	7	4	1
Short Term Debt	94	94	80	82	79	85	87	75	67	73
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	34	23	24	21	21	22	31	28	37	47
Others Liabilities ⓘ	22	67	65	47	36	24	23	37	36	36
Total Liabilities ⓘ	243	341	364	302	272	270	285	287	271	329
Fixed Assets
Net Fixed Assets ⓘ +	62	171	166	109	109	107	104	97	99	97
Gross Block	100	189	185	131	136	137	137	124	125	125
Accumulated Depreciation	38	17	19	22	26	30	33	27	26	28
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	116	103	113	112	92	77	92	81	83	92
Trade Receivables	55	53	65	60	49	60	60	67	58	99
Cash Equivalents	3	4	5	6	4	8	5	15	4	1
Others Assets ⓘ	8	10	14	16	18	18	23	26	26	41
Total Assets ⓘ	243	341	364	302	272	270	285	287	271	329

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	10	10	-17	7	14	6	-4	13	10	-37
PBT ⓘ	-17	-1	-3	-7	-28	-10	-4	8	-16	7
Adjustment ⓘ	16	15	13	11	9	18	15	8	15	10
Changes in Working Capital ⓘ	4	3	-28	2	33	-2	-14	-2	12	-54
Tax Paid ⓘ	-3	-0	0	-0	-0	-0	-0	-1	-0	-0
Cash Flow From Investing Activity ⓘ +	2	12	3	-1	3	-1	-0	11	-0	4
Capex	-1	10	2	-1	-0	-1	-0	11	-0	-1
Net Investments	0	0	0	-1	3	-1	-0	-0	-0	4
Others ⓘ	2	1	1	0	0	0	0	0	0	1
Cash Flow From Financing Activity ⓘ +	-11	-21	15	-6	-16	-2	1	-14	-21	34
Net Proceeds from Shares ⓘ	8	0	41	0	0	0	0	0	0	2
Net Proceeds from Borrowing ⓘ	-0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-13	-12	-11	-9	-10	-11	-9	-9	-9	-9
Dividend Paid ⓘ	-2	0	0	0	0	0	0	0	0	0
Others ⓘ	-4	-9	-16	3	-5	9	10	-5	-13	41
Net Cash Flow ⓘ	0	1	1	0	2	2	-3	10	-11	0

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-10.71	-4.6	-1.7	-3.58	-10.37	-0.77	-1.65	4.86	-9.48	3.65
ROCE (%)	1.64	2.77	3.19	0.93	-7.59	0.51	2.35	7.41	-3.13	6.34
Asset Turnover Ratio	0.78	0.79	0.63	0.62	0.6	0.64	0.81	0.87	0.85	0.95
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.86	N/A	-7.4
Working Capital Days
Receivable Days	123	85	97	110	115	114	98	94	97	101
Inventory Days	195	173	178	198	216	178	138	127	126	112
Payable Days	68	59	66	67	67	92	91	89	110	106

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 40â€™s and 60's Weaving counts.

Awards/Achievements

It is ISO 9002 Certified by RWTUV, Munich,

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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VIP Clothing Ltd (VIPCLOTHNG) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

VIP Clothing Share Price