VIP Industries Limited
V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. The company offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. It sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. The compan… Read more
VIP Industries Limited (VIPIND) - Net Assets
Latest net assets as of September 2025: ₹4.64 Billion INR
Based on the latest financial reports, VIP Industries Limited (VIPIND) has net assets worth ₹4.64 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹17.22 Billion) and total liabilities (₹12.58 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹4.64 Billion |
| % of Total Assets | 26.94% |
| Annual Growth Rate | 12.93% |
| 5-Year Change | 19.14% |
| 10-Year Change | 81.59% |
| Growth Volatility | 18.94 |
VIP Industries Limited - Net Assets Trend (2006–2025)
This chart illustrates how VIP Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for VIP Industries Limited (2006–2025)
The table below shows the annual net assets of VIP Industries Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹6.16 Billion | -9.11% |
| 2024-03-31 | ₹6.78 Billion | +5.64% |
| 2023-03-31 | ₹6.42 Billion | +14.66% |
| 2022-03-31 | ₹5.60 Billion | +8.22% |
| 2021-03-31 | ₹5.17 Billion | -15.23% |
| 2020-03-31 | ₹6.10 Billion | +4.94% |
| 2019-03-31 | ₹5.81 Billion | +18.87% |
| 2018-03-31 | ₹4.89 Billion | +19.77% |
| 2017-03-31 | ₹4.08 Billion | +20.35% |
| 2016-03-31 | ₹3.39 Billion | +10.96% |
| 2015-03-31 | ₹3.06 Billion | +6.54% |
| 2014-03-31 | ₹2.87 Billion | +11.46% |
| 2013-03-31 | ₹2.58 Billion | +6.16% |
| 2012-03-31 | ₹2.43 Billion | +20.52% |
| 2011-03-31 | ₹2.01 Billion | +37.44% |
| 2010-03-31 | ₹1.46 Billion | +31.55% |
| 2009-03-31 | ₹1.11 Billion | -12.36% |
| 2008-03-31 | ₹1.27 Billion | +20.73% |
| 2007-03-31 | ₹1.05 Billion | +72.09% |
| 2006-03-31 | ₹611.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to VIP Industries 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 grown by 317850000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.18 Billion | 51.59% |
| Common Stock | ₹284.00 Million | 4.61% |
| Other Comprehensive Income | ₹2.16 Billion | 35.05% |
| Other Components | ₹539.50 Million | 8.76% |
| Total Equity | ₹6.16 Billion | 100.00% |
VIP Industries Limited Competitors by Market Cap
The table below lists competitors of VIP Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenyang Brilliant Elevator Group Co Ltd
SHE:002689
|
$255.98 Million |
|
Unizyx Holding Corp
TW:3704
|
$256.10 Million |
|
IZDEMIR Enerji Elektrik Uretim A.S.
IS:IZENR
|
$256.11 Million |
|
Jiangsu Evergreen New Material Technology Inc. Co. A
SHG:603125
|
$256.16 Million |
|
Shin Poong Pharm.Co.Ltd.
KO:019170
|
$255.90 Million |
|
Hailun Piano Co Ltd
SHE:300329
|
$255.90 Million |
|
Wagners Holding Company Ltd
AU:WGN
|
$255.88 Million |
|
BELLSYSTEM24 HLDGS O.N.
F:B24
|
$255.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VIP Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,779,100,000 to 6,161,600,000, a change of -617,500,000 (-9.1%).
- Net loss of 687,900,000 reduced equity.
- Dividend payments of 7,300,000 reduced retained earnings.
- Share repurchases of 100,000 reduced equity.
- New share issuances of 100,000 increased equity.
- Other comprehensive income increased equity by 2,800,000.
- Other factors increased equity by 74,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-687.90 Million | -11.16% |
| Dividends Paid | ₹7.30 Million | -0.12% |
| Share Repurchases | ₹100.00K | -0.0% |
| Share Issuances | ₹100.00K | +0.0% |
| Other Comprehensive Income | ₹2.80 Million | +0.05% |
| Other Changes | ₹74.90 Million | +1.22% |
| Total Change | ₹- | -9.11% |
Book Value vs Market Value Analysis
This analysis compares VIP Industries 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: 7.67x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 42.49x to 7.67x 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 | ₹7.82 | ₹332.30 | x |
| 2007-03-31 | ₹8.46 | ₹332.30 | x |
| 2008-03-31 | ₹8.99 | ₹332.30 | x |
| 2009-03-31 | ₹7.88 | ₹332.30 | x |
| 2010-03-31 | ₹10.36 | ₹332.30 | x |
| 2011-03-31 | ₹14.24 | ₹332.30 | x |
| 2012-03-31 | ₹17.16 | ₹332.30 | x |
| 2013-03-31 | ₹18.22 | ₹332.30 | x |
| 2014-03-31 | ₹20.39 | ₹332.30 | x |
| 2015-03-31 | ₹21.64 | ₹332.30 | x |
| 2016-03-31 | ₹24.01 | ₹332.30 | x |
| 2017-03-31 | ₹28.90 | ₹332.30 | x |
| 2018-03-31 | ₹34.61 | ₹332.30 | x |
| 2019-03-31 | ₹41.13 | ₹332.30 | x |
| 2020-03-31 | ₹43.17 | ₹332.30 | x |
| 2021-03-31 | ₹36.46 | ₹332.30 | x |
| 2022-03-31 | ₹39.38 | ₹332.30 | x |
| 2023-03-31 | ₹45.19 | ₹332.30 | x |
| 2024-03-31 | ₹47.70 | ₹332.30 | x |
| 2025-03-31 | ₹43.35 | ₹332.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VIP Industries 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): -11.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.18%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 3.01x
- Recent ROE (-11.16%) is below the historical average (15.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 6.72% | 1.30% | 1.32x | 3.93x | ₹-20.04 Million |
| 2007 | 15.30% | 3.65% | 1.46x | 2.87x | ₹55.80 Million |
| 2008 | 16.98% | 3.76% | 1.60x | 2.81x | ₹88.67 Million |
| 2009 | -12.50% | -2.47% | 1.61x | 3.15x | ₹-250.44 Million |
| 2010 | 33.04% | 7.23% | 2.14x | 2.13x | ₹337.35 Million |
| 2011 | 44.08% | 11.71% | 1.84x | 2.05x | ₹685.96 Million |
| 2012 | 27.87% | 7.86% | 1.99x | 1.78x | ₹433.53 Million |
| 2013 | 12.24% | 3.61% | 2.11x | 1.60x | ₹57.68 Million |
| 2014 | 20.08% | 5.94% | 2.16x | 1.57x | ₹289.38 Million |
| 2015 | 15.24% | 4.47% | 2.09x | 1.63x | ₹160.20 Million |
| 2016 | 19.59% | 5.47% | 2.07x | 1.73x | ₹325.29 Million |
| 2017 | 20.54% | 6.59% | 2.09x | 1.49x | ₹430.25 Million |
| 2018 | 25.92% | 9.00% | 1.82x | 1.58x | ₹778.41 Million |
| 2019 | 24.99% | 8.16% | 1.66x | 1.84x | ₹871.32 Million |
| 2020 | 18.31% | 6.51% | 1.38x | 2.04x | ₹507.19 Million |
| 2021 | -18.85% | -15.80% | 0.56x | 2.12x | ₹-1.49 Billion |
| 2022 | 11.96% | 5.20% | 1.05x | 2.20x | ₹109.63 Million |
| 2023 | 23.74% | 7.32% | 1.47x | 2.21x | ₹881.71 Million |
| 2024 | 8.01% | 2.43% | 1.08x | 3.05x | ₹-134.91 Million |
| 2025 | -11.16% | -3.18% | 1.17x | 3.01x | ₹-1.30 Billion |
Industry Comparison
This section compares VIP Industries Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $3,545,748,504
- Average return on equity (ROE) among peers: 12.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VIP Industries Limited (VIPIND) | ₹4.64 Billion | 6.72% | 2.71x | $255.94 Million |
| AKI India Limited (AKI) | $140.62 Million | 11.71% | 3.30x | $515.41 |
| Banaras Beads Limited (BANARBEADS) | $542.40 Million | 5.07% | 0.10x | $1.44 Million |
| Bata India Limited (BATAINDIA) | $18.15 Billion | 5.68% | 0.94x | $493.59 Million |
| Brand Concepts Limited (BCONCEPTS) | $708.63 Million | 9.30% | 2.47x | $8.27 Million |
| Bhartiya International Limited (BIL) | $1.07 Billion | 4.27% | 0.67x | $29.72 Million |
| Campus Activewear Limited (CAMPUS) | $5.52 Billion | 21.21% | 1.13x | $226.40 Million |
| Khadim India Limited (KHADIM) | $1.84 Billion | 16.65% | 1.20x | $7.06 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.46 Billion | 11.62% | 1.79x | $17.93 Million |
| Mirza International Limited (MIRZAINT) | $1.26 Billion | 13.94% | 1.38x | $12.83 Million |
| Redtape Limited (REDTAPE) | $4.77 Billion | 29.82% | 1.60x | $205.94 Million |