VIP Clothing Limited (VIPCLOTHNG) - Net Assets
Based on the latest financial reports, VIP Clothing Limited (VIPCLOTHNG) has net assets worth Rs1.89 Billion INR (≈ $20.44 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.24 Billion ≈ $35.08 Million USD) and total liabilities (Rs1.35 Billion ≈ $14.63 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of VIP Clothing Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.89 Billion |
| % of Total Assets | 58.28% |
| Annual Growth Rate | 5.21% |
| 5-Year Change | 36.66% |
| 10-Year Change | 97.75% |
| Growth Volatility | 33.72 |
VIP Clothing Limited - Net Assets Trend (2006–2025)
This chart illustrates how VIP Clothing Limited's net assets have evolved over time, based on quarterly financial data. Also explore VIP Clothing Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for VIP Clothing Limited (2006–2025)
The table below shows the annual net assets of VIP Clothing Limited from 2006 to 2025. For live valuation and market cap data, see VIPCLOTHNG market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs1.85 Billion ≈ $19.96 Million |
+33.42% |
| 2024-03-31 | Rs1.38 Billion ≈ $14.96 Million |
-8.50% |
| 2023-03-31 | Rs1.51 Billion ≈ $16.35 Million |
+13.33% |
| 2022-03-31 | Rs1.33 Billion ≈ $14.43 Million |
-1.23% |
| 2021-03-31 | Rs1.35 Billion ≈ $14.61 Million |
-1.13% |
| 2020-03-31 | Rs1.37 Billion ≈ $14.77 Million |
-27.31% |
| 2019-03-31 | Rs1.88 Billion ≈ $20.32 Million |
-3.45% |
| 2018-03-31 | Rs1.95 Billion ≈ $21.05 Million |
+122.35% |
| 2017-03-31 | Rs875.35 Million ≈ $9.47 Million |
-6.21% |
| 2016-03-31 | Rs933.31 Million ≈ $10.09 Million |
-6.13% |
| 2015-03-31 | Rs994.21 Million ≈ $10.75 Million |
-3.26% |
| 2014-03-31 | Rs1.03 Billion ≈ $11.11 Million |
+3.17% |
| 2013-03-31 | Rs996.10 Million ≈ $10.77 Million |
+0.33% |
| 2012-03-31 | Rs992.86 Million ≈ $10.74 Million |
-10.20% |
| 2010-03-31 | Rs1.11 Billion ≈ $11.96 Million |
+2.00% |
| 2009-03-31 | Rs1.08 Billion ≈ $11.72 Million |
+1.97% |
| 2008-03-31 | Rs1.06 Billion ≈ $11.50 Million |
-9.92% |
| 2007-03-31 | Rs1.18 Billion ≈ $12.76 Million |
+67.90% |
| 2006-03-31 | Rs702.87 Million ≈ $7.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to VIP Clothing Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7336400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs180.26 Million | 9.77% |
| Other Comprehensive Income | Rs687.00 Million | 37.22% |
| Other Components | Rs1.05 Billion | 56.98% |
| Total Equity | Rs1.85 Billion | 100.00% |
VIP Clothing Limited Competitors by Market Cap
The table below lists competitors of VIP Clothing Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Communication Cable Systems Indonesia Tbk PT
JK:CCSI
|
$20.94 Million |
|
Javelin Minerals Ltd
AU:JAV
|
$20.94 Million |
|
Nissan
TA:NISA
|
$20.95 Million |
|
Celulosa Argentina SA
BA:CELU
|
$21.00 Million |
|
Eden Inc Bhd
KLSE:7471
|
$20.93 Million |
|
Rapid Synergy Bhd
KLSE:7765
|
$20.93 Million |
|
YSX Tech. Co., Ltd Class A Ordinary Shares
NASDAQ:YSXT
|
$20.92 Million |
|
DAYTHREE DIGITAL BERHAD
KLSE:0281
|
$20.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIP Clothing Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,383,253,000 to 1,845,590,000, a change of 462,337,000 (33.4%).
- Net income of 54,565,000 contributed positively to equity growth.
- Share repurchases of 408,321,000 reduced equity.
- New share issuances of 408,321,000 increased equity.
- Other comprehensive income increased equity by 88,798,000.
- Other factors increased equity by 318,974,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs54.56 Million | +2.96% |
| Share Repurchases | Rs408.32 Million | -22.12% |
| Share Issuances | Rs408.32 Million | +22.12% |
| Other Comprehensive Income | Rs88.80 Million | +4.81% |
| Other Changes | Rs318.97 Million | +17.28% |
| Total Change | Rs- | 33.42% |
Book Value vs Market Value Analysis
This analysis compares VIP Clothing Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.87x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs11.51 | Rs21.48 | x |
| 2007-03-31 | Rs16.51 | Rs21.48 | x |
| 2008-03-31 | Rs14.87 | Rs21.48 | x |
| 2009-03-31 | Rs15.16 | Rs21.48 | x |
| 2010-03-31 | Rs15.47 | Rs21.48 | x |
| 2012-03-31 | Rs13.89 | Rs21.48 | x |
| 2013-03-31 | Rs13.93 | Rs21.48 | x |
| 2014-03-31 | Rs14.37 | Rs21.48 | x |
| 2015-03-31 | Rs13.91 | Rs21.48 | x |
| 2016-03-31 | Rs12.46 | Rs21.48 | x |
| 2017-03-31 | Rs10.11 | Rs21.48 | x |
| 2018-03-31 | Rs23.56 | Rs21.48 | x |
| 2019-03-31 | Rs22.75 | Rs21.48 | x |
| 2020-03-31 | Rs16.54 | Rs21.48 | x |
| 2021-03-31 | Rs16.35 | Rs21.48 | x |
| 2022-03-31 | Rs16.15 | Rs21.48 | x |
| 2023-03-31 | Rs18.30 | Rs21.48 | x |
| 2024-03-31 | Rs16.73 | Rs21.48 | x |
| 2025-03-31 | Rs20.97 | Rs21.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIP Clothing Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.29%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.78x
- Recent ROE (2.96%) is above the historical average (1.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 12.05% | 5.03% | 0.96x | 2.50x | Rs14.43 Million |
| 2007 | 7.26% | 4.37% | 0.94x | 1.77x | Rs-32.33 Million |
| 2008 | 9.62% | 5.00% | 0.88x | 2.18x | Rs-4.03 Million |
| 2009 | 5.97% | 3.37% | 0.86x | 2.05x | Rs-43.71 Million |
| 2010 | 5.91% | 3.09% | 0.89x | 2.15x | Rs-45.26 Million |
| 2012 | 5.37% | 2.42% | 0.99x | 2.23x | Rs-45.99 Million |
| 2013 | 2.86% | 1.14% | 0.99x | 2.54x | Rs-71.16 Million |
| 2014 | 5.18% | 2.07% | 1.06x | 2.37x | Rs-49.50 Million |
| 2015 | 7.03% | 2.68% | 1.03x | 2.56x | Rs-29.53 Million |
| 2016 | -10.64% | -5.10% | 0.80x | 2.61x | Rs-192.65 Million |
| 2017 | -6.62% | -2.50% | 1.01x | 2.62x | Rs-145.50 Million |
| 2018 | -1.58% | -1.38% | 0.61x | 1.87x | Rs-225.36 Million |
| 2019 | -3.30% | -3.00% | 0.58x | 1.90x | Rs-249.86 Million |
| 2020 | -10.95% | -8.69% | 0.63x | 1.99x | Rs-286.10 Million |
| 2021 | -0.77% | -0.73% | 0.53x | 2.00x | Rs-145.51 Million |
| 2022 | -1.66% | -1.22% | 0.63x | 2.13x | Rs-155.52 Million |
| 2023 | 4.39% | 3.34% | 0.70x | 1.88x | Rs-84.81 Million |
| 2024 | -9.15% | -6.96% | 0.67x | 1.96x | Rs-264.84 Million |
| 2025 | 2.96% | 2.29% | 0.72x | 1.78x | Rs-129.99 Million |
Industry Comparison
This section compares VIP Clothing Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $6,932,596,010
- Average return on equity (ROE) among peers: 6.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIP Clothing Limited (VIPCLOTHNG) | Rs1.89 Billion | 12.05% | 0.72x | $20.94 Million |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $26.76 Billion | -25.13% | 2.80x | $844.53 Million |
| Arvind Fashions Limited (ARVINDFASN) | $11.47 Billion | 1.13% | 1.77x | $640.27 Million |
| Bang Overseas Limited (BANG) | $890.93 Million | 0.13% | 0.79x | $5.59 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $635.94 Million | 7.79% | 1.70x | $8.15 Million |
| Cantabil Retail India Limited (CANTABIL) | $788.50 Million | -41.69% | 0.59x | $218.77 Million |
| Dollar Industries Limited (DOLLAR) | $5.37 Billion | 15.89% | 0.56x | $183.89 Million |
| Future Lifestyle Fashions Limited (FLFL) | $16.00 Billion | 1.16% | 1.47x | $155.41 |
| Gokaldas Exports Limited (GOKEX) | $7.08 Billion | 16.53% | 0.71x | $557.37 Million |
| Iris Clothings Limited (IRISDOREME) | $321.65 Million | 12.25% | 1.54x | $66.58 Million |
| Nandani Creation Limited (JAIPURKURT) | $5.90 Million | 76.90% | 8.00x | $6.06 Million |
About VIP Clothing Limited
VIP Clothing Limited engages in the manufacture, marketing, and distribution of garments in India. The company offers innerwear and socks for men and women under the VIP, Frenchie, Feelings, Leader, and Brat brand names. It also exports its products. The company was formerly known as Maxwell Industries Limited and changed its name to VIP Clothing Limited in October 2016. VIP Clothing Limited was … Read more