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Employees: 9,054
Size V.i.p.industries (VIPIND.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $360M, the 981st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹239.55 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -6.7% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 10.8% over the last twelve months (peer median +19.0%); the operating margin is -21.5% (peer median 12.1%).
Valuation It trades at 1.8× enterprise value to sales against a peer median of 1.7× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 114.8 points below its cost of capital (10.4% WACC).
Next results Next results expected around 14 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹18.8B | ₹18.6B | ₹21.7B | ₹22.4B | ₹20.8B |
| Revenue growth | — | -15% | -3% | +8% | — |
| Gross profit | ₹3.06B | ₹2.55B | ₹5.77B | ₹7.34B | ₹6.61B |
| EBITDA | -₹2.77B | -₹2.34B | ₹958M | ₹2.02B | ₹2.94B |
| Net income | -₹3.78B | -₹3.38B | -₹688M | ₹543M | ₹1.52B |
| Free cash flow | n/a | ₹912M | ₹2.03B | -₹2.65B | ₹524M |
| Capital expenditure | n/a | ₹480M | ₹431M | ₹1.00B | ₹1.07B |
| Total debt | n/a | ₹7.38B | ₹7.51B | ₹8.71B | ₹3.52B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VIPIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.8% | -0.4% | 2nd lowest of 21 |
| 6-month return | -25.8% | -6.7% | 4th lowest of 20 |
| Distance from 52-week high | -44.9% | -24.1% | 5th lowest of 21 |
| Revenue growth (TTM) | -10.8% | +19.0% | lowest of 21 |
| Operating margin | -21.5% | 12.1% | lowest of 21 |
| EV / Sales | 1.8× | 1.7× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 23.3% | 17.9% | 6th least demanding of 11 |
| Growth delivered (Del g) | +24.6% | +23.5% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -1.2 pp | -13.1 pp | 4th most demanding of 11 |
| ROIC minus cost of capital | -114.8 pp | +2.4 pp | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| V.i.p.industries VIPIND.NS | India | $360M | -26% | -11% | -22% | 1.8× | 23.3% | +24.6% |
| Zhejiang Ming Jewelry 002574.SZ | China | $353M | -22% | +2% | -12% | 1.1× | n/a | n/a |
| Shenzhen Hipine Precision Technology 2583.HK | Hong Kong | $391M | -40% | +31% | 26% | 4.4× | n/a | n/a |
| Bijou Brigitte modische Accessoires BIJ.DE | Germany | $401M | -11% | 0% | 14% | 1.3× | -9.9% | +10.5% |
| Tribhovandas Bhimji Zaveri TBZ.NS | India | $419M | +300% | +24% | 10% | 1.4× | n/a | n/a |
| FOPE FPE.MI | Italy | $434M | +69% | +24% | 20% | 3.5× | 0.1% | +29.2% |
| Fossil FOSL | United States | $462M | +76% | -9% | 2% | 0.7× | n/a | n/a |
| Movado MOV | United States | $495M | +11% | +5% | 7% | 0.5× | -7.2% | +5.5% |
| Goldiam International GOLDIAM.NS | India | $505M | +1% | +27% | 20% | 4.4× | 35.6% | +19.2% |
| KDDL KDDL.NS | India | $518M | +64% | +32% | 9% | 2.1× | 33.2% | +31.5% |
| Senco Gold SENCO.NS | India | $556M | -7% | +42% | 9% | 0.5× | n/a | n/a |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 0.9× | n/a | n/a |
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 2.9× | 31.3% | +44.2% |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 8.3× | 25.7% | +41.7% |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | 12.3× | 10.0% | +23.2% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | 6.6× | 26.5% | -25.9% |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 0.8× | -11.5% | +23.9% |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 1.7× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 3.4× | n/a | n/a |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 0.6× | n/a | n/a |