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Home › Company Intelligence › VIP Industries Limited (VIPIND)
NSE: VIPIND MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

VIP Industries Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹1,682 Cr
FY25 Net Profit ₹-50.89 Cr
Reported EPS ₹-3.59
Operating Margin -4.49%
Return on Equity 8.0%
ROCE 10.9%
Debt / Equity 0.79x
Net Profit Margin -3.03%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹574.63 Cr with net profit of ₹-59.48 Cr (EPS: ₹-4.19).

Exchange Disclosure (2026-10-07): Certificate under SEBI (Depositories and Participants) Regulations, 2018 — VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026. — VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for VIP Industries Limited under Diversified.

Official listing profile for VIP Industries Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Distressed (15/100)
15 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 0 / 20
Profitability & Margins 0 / 20
Solvency & Capital Structure 8 / 20
Cash Flow Quality 0 / 20
Capital Allocation & Valuation 7 / 20
Key Strengths
Key Vigilance Points & Risks
  • − YoY revenue contraction (-25.1%)
  • − Net losses recorded in latest fiscal year (₹-50.9 Cr)
  • − Operating at a net loss; return metrics negative
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹2k₹2k₹1k₹1k₹0kRevenue: ₹2,245 CrNet Profit: ₹54 CrFY24Revenue: ₹1,682 CrNet Profit: ₹-51 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹2,245₹1,682
Operating Expenditure₹2,026N/A
Operating Profit (EBITDA)₹219₹-75
Operating Profit Margin (OPM %)9.77%-4.49%
Other Income₹12N/A
Finance Costs / Interest₹55N/A
Depreciation & Amortization₹99N/A
Profit Before Tax (PBT)₹77₹-67
Tax Expense₹22N/A
Net Profit (PAT)₹54₹-51
Net Profit Margin (NPM %)2.42%-3.03%
Basic / Diluted EPS (₹)₹3.82₹-3.59
Cash from Operations (CFO)₹-132N/A
Free Cash Flow (FCF)₹-232N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY25
Jun 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹638₹544₹500₹567₹418₹458₹436₹575
Operating Profit (EBITDA)₹3.58₹-54₹-25₹-31₹-138₹-35₹-139₹-59
OPM %0.56%-9.87%-5.08%-5.47%-32.90%-7.59%-31.89%-10.29%
Profit Before Tax (PBT)₹5.92₹-51₹-22₹-31₹-138₹-35₹-139₹-59
Net Profit (PAT)₹4.45₹-39₹-17₹-23₹-139₹-38₹-142₹-59
NPM %0.70%-7.08%-3.37%-4.12%-33.23%-8.34%-32.61%-10.35%
Basic / Diluted EPS (₹)₹0.31₹-2.71₹-1.19₹-1.64₹-9.79₹-2.69₹-10.02₹-4.19
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY24FY25
Equity Share Capital₹28N/A
Reserves & Surplus₹650N/A
Net Worth (Shareholders' Funds)₹678N/A
Total Borrowings & Debt₹533N/A
Total Balance Sheet Assets₹2,067N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY24FY25
Cash Flow from Operating Activities (CFO)₹-132N/A
Cash Flow from Investing Activities (CFI)₹-76N/A
Cash Flow from Financing Activities (CFF)₹218N/A
Free Cash Flow / Net Cash Flow₹-232N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY24FY25
Operating Profit Margin (OPM)9.77%-4.49%
Net Profit Margin (NPM)2.42%-3.03%
Return on Equity (ROE)8.01%N/A
Return on Capital Employed (ROCE)10.87%N/A
Return on Assets (ROA)2.63%N/A
Debt to Equity Ratio0.79xN/A
Interest Coverage Ratio4.0xN/A
CFO to Net Profit Conversion-2.43xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 42.35%
FII: N/A
DII: N/A
Public: 57.65%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025QoQ Shift
Promoter Holding42.35%42.35%42.35%42.35%49.73%0.00%
Foreign Institutional (FII)N/A5.17%N/AN/AN/A—
Domestic Institutional (DII / MFs)N/A16.63%N/AN/AN/A—
Public & Retail57.65%35.86%57.65%57.65%50.27%+21.79%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Apr 2014
Ms RADHIKA DILIP PIRAMAL
Not Applicable & Executive Director

DIN: 02105221 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: May 2023
Ms NEETU KASHIRAMKA
Not Applicable & Executive Director

DIN: 01741624 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Aug 2023
Mr ASHISH KUMAR SAHA
Not Applicable & Executive Director

DIN: 05173103 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Apr 2014
Mr DILIP GOPIKISAN PIRAMAL
Chairperson related to Promoter & Non-Executive - Non Independent Director

DIN: 00032012 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: May 2015
Mr AMIT BANWARILAL JATIA
Not Applicable & Non-Executive - Independent Director

DIN: 00016871 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: May 2019
Mr TUSHAR KUMUDRAI JANI
Not Applicable & Non-Executive - Independent Director

DIN: 00192621 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: May 2019
Mr RAMESH SHRICHAND DAMANI
Not Applicable & Non-Executive - Independent Director

DIN: 00304347 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2023
Mr SURESH INDERCHAND SURANA
Not Applicable & Non-Executive - Independent Director

DIN: 00009757 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Aug 2024
Ms PAYAL SWAPNIL KOTHARI
Not Applicable & Non-Executive - Independent Director

DIN: 09148432 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹2.00
LTM Total Dividend ₹44.35
Dividends Recorded 10 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
DIVIDEND2026-09-152026-09-15₹2.00Final Dividend - Rs. - 2.0000
DIVIDEND2026-09-152026-09-15₹7.00Final Dividend - Rs. - 7.0000
DIVIDEND2026-09-152026-09-15₹0.50Final Dividend - Rs. - 0.5000
DIVIDEND2026-09-152026-09-15₹5.00Final Dividend - Rs. - 5.0000
DIVIDEND2026-09-152026-09-15₹0.55Final Dividend - Rs. - 0.5500
DIVIDEND2026-09-152026-09-15₹25.00Final Dividend - Rs. - 25.0000
DIVIDEND2026-09-152026-09-15₹3.00Final Dividend - Rs. - 3.0000
CORPORATE_ACTION2026-09-152026-09-15N/ARight Issue of Equity Shares
DIVIDEND2026-09-152026-09-15₹1.00Final Dividend - Rs. - 1.0000
DIVIDEND2026-09-152026-09-15₹0.30Final Dividend - Rs. - 0.3000
DIVIDEND2024-02-07N/A₹2.00Interim Dividend - Rs 2 Per Share
CORPORATE_ACTION2023-07-25N/AN/AAnnual General Meeting
DIVIDEND2023-02-02N/A₹2.00Interim Dividend - Rs 2 Per Share
DIVIDEND2022-11-03N/A₹2.50Interim Dividend - Rs 2.50 Per Share
CORPORATE_ACTION2022-07-22N/AN/AAnnual General Meeting
REGULATORY FILINGS & EXCHANGE DISCLOSURES
CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 07 Oct 2026, 04:23 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.

VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.

Certificate under SEBI (Depositories and Participants) Regulatio 07 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

TRADING WINDOW 28 Sep 2026, 04:12 PM • NSE_OFFICIAL_API
Trading Window — VIP Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

VIP Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Trading Window 28 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Trading Window

ALLOTMENT OF SECURITIES 22 Sep 2026, 04:05 PM • NSE_OFFICIAL_API
Allotment of Securities — VIP Industries Limited has informed the Exchange regarding allotment of 1695 securities pursuant to VIP Employees Stock Appreciation Rights Plan, 2018 at its meeting held on September 22, 2026

VIP Industries Limited has informed the Exchange regarding allotment of 1695 securities pursuant to VIP Employees Stock Appreciation Rights Plan, 2018 at its meeting held on September 22, 2026

Allotment of Securities 22 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Allotment of Securities

OUTCOME OF BOARD MEETING 18 Sep 2026, 04:09 PM • NSE_OFFICIAL_API
Outcome of Board Meeting — VIP Industries Limited has informed the Exchange that the Board its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding &#83

VIP Industries Limited has informed the Exchange that the Board its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding ₹ 500 crores (Rupees Five Hundred Crores) during FY 2026-27, in one or more tranches. The funds may be raised through the issuance of equity shares having a face value of ₹ 2 each and/or debt securities, convertible securities, depository receipts (ADR/GDR), FCCBs, warrants, preference shares or other eligible securities or any other financial instrument (hereinafter referred to as Securities ). VIP is back on the growth path after several quarters; the proposed fund raise will further accelerate Company s ongoing growth initiatives, funding of working capital and enhancing capabilities that will support long-term value creation. These investments aim to reinforce the company's market leadership and position it to capture emerging growth opportunities in the luggage and travel ecosystem.The proposed fund raising may be undertaken through one or more permissible modes, including but not limited to a public issue, rights issue, qualified institutions placement, debt issue, preferential issue or any other permissible mode and/or combination thereof as may be permitted under applicable laws, subject to receipt of such statutory, regulatory, shareholders', stock exchange, and other approvals, permissions, and sanctions as may be required.

Outcome of Board Meeting 18 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Outcome of Board Meeting

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-07 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-07 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.

VIP Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September, 2026.

2026-09-30 SHAREHOLDING_FILING • NSE_OFFICIAL_API
Shareholding Pattern Filed: Q2 FY27

Quarterly distribution: Promoter 42.35% | FII N/A | DII N/A | Public 57.65%.

2026-09-28 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-28 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — VIP Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

VIP Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-22 Allotment of Securities • NSE_OFFICIAL_API
Allotment of Securities

2026-09-22 ALLOTMENT OF SECURITIES • NSE_OFFICIAL_API
Allotment of Securities — VIP Industries Limited has informed the Exchange regarding allotment of 1695 securities pursuant to VIP Employees Stock Appreciation Rights Plan, 2018 at its meeting held on September 22, 2026

VIP Industries Limited has informed the Exchange regarding allotment of 1695 securities pursuant to VIP Employees Stock Appreciation Rights Plan, 2018 at its meeting held on September 22, 2026

2026-09-18 Outcome of Board Meeting • NSE_OFFICIAL_API
Outcome of Board Meeting

2026-09-18 OUTCOME OF BOARD MEETING • NSE_OFFICIAL_API
Outcome of Board Meeting — VIP Industries Limited has informed the Exchange that the Board its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding &#83

VIP Industries Limited has informed the Exchange that the Board its meeting held today, i.e., Friday, September 18, 2026, has, inter alia, approved the proposal for raising funds for an aggregate amount not exceeding ₹ 500 crores (Rupees Five Hundred Crores) during FY 2026-27, in one or more tranches. The funds may be raised through the issuance of equity shares having a face value of ₹ 2 each and/or debt securities, convertible securities, depository receipts (ADR/GDR), FCCBs, warrants, preference shares or other eligible securities or any other financial instrument (hereinafter referred to as Securities ). VIP is back on the growth path after several quarters; the proposed fund raise will further accelerate Company s ongoing growth initiatives, funding of working capital and enhancing capabilities that will support long-term value creation. These investments aim to reinforce the company's market leadership and position it to capture emerging growth opportunities in the luggage and travel ecosystem.The proposed fund raising may be undertaken through one or more permissible modes, including but not limited to a public issue, rights issue, qualified institutions placement, debt issue, preferential issue or any other permissible mode and/or combination thereof as may be permitted under applicable laws, subject to receipt of such statutory, regulatory, shareholders', stock exchange, and other approvals, permissions, and sanctions as may be required.

2026-09-15 CORPORATE_ACTION • SRK Intelligence
VIP Industries Limited: Final Dividend - Rs. - 2.0000

Final Dividend - Rs. - 2.0000

2026-09-15 CORPORATE_ACTION • SRK Intelligence
VIP Industries Limited: Final Dividend - Rs. - 7.0000

Final Dividend - Rs. - 7.0000

2026-09-15 CORPORATE_ACTION • SRK Intelligence
VIP Industries Limited: Final Dividend - Rs. - 0.5000

Final Dividend - Rs. - 0.5000

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
BSE Official Filings (507880) ↗ NSE Official Quote (VIPIND) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 01 Nov 2026, 21:26 VERIFIED 7b66176ede80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 29 Oct 2026, 13:21 VERIFIED 7b66176ede80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 27 Oct 2026, 02:02 VERIFIED 7b66176ede80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 23 Oct 2026, 18:45 VERIFIED 7b66176ede80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 19 Oct 2026, 09:45 VERIFIED 7b66176ede80...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 15 Oct 2026, 02:47 VERIFIED 7b66176ede80...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.