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VIP Industries (VIPIND)₹239.40−2.25%Plastic Products - Consumer
In the Jun 2026 quarter (consolidated), VIP Industries reported sales of ₹578 Cr, up 3.1% from Jun 2025, and net profit of −₹54.05 Cr. For the year to Mar 2026, sales were ₹1,856 Cr and net profit −₹338 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 545 | 546 | 516 | 638 | 544 | 500 | 493 | 560 | 405 | 454 | 436 | 578 |
| Expenses | 493 | 494 | 508 | 590 | 546 | 472 | 488 | 537 | 513 | 531 | 518 | 589 |
| Operating Profit | 53.03 | 52.06 | 8.01 | 49.01 | −2.01 | 29.02 | 6.01 | 25.03 | −106 | −77.08 | −82.07 | −11.01 |
| OPM % | 10.0% | 10.0% | 1.5% | 8.0% | −0.4% | 6.0% | 1.3% | 4.4% | −26.0% | −17.0% | −19.0% | −1.9% |
| Other Income | 3.01 | 3.01 | 4.01 | 2.01 | 6.01 | 2.01 | 8.01 | 7.01 | 15.01 | 75.07 | 4.01 | 4.01 |
| Interest | 11.96 | 14.94 | 16.92 | 17.94 | 19.94 | 17.94 | 16.92 | 16.94 | 17.92 | 15.93 | 19.93 | 15.94 |
| Depreciation | 24.01 | 26.98 | 27.98 | 28.99 | 30.01 | 30.01 | 30.01 | 32.02 | 33.01 | 31.99 | 30.98 | 30.98 |
| Profit before tax | 19.02 | 12.99 | −32.99 | 4.01 | −46.05 | −17.02 | −33.03 | −17.01 | −142 | −50.04 | −129 | −55.04 |
| Tax % | 31.0% | 46.0% | −28.0% | −9.0% | −28.1% | −26.1% | −16.0% | −23.1% | 1.0% | 5.0% | 0.0% | −2.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 4.01 | 0.00 | 4.01 | 2.01 | 4.01 | 69.14 | 1.01 | 0.00 |
| Net Profit | 13.02 | 7.01 | −24.02 | 4.01 | −33.04 | −12.01 | −27.01 | −13.01 | −143 | −53.08 | −129 | −54.05 |
| EPS (Rs) | 0.93 | 0.49 | −1.67 | 0.27 | −2.32 | −0.86 | −1.94 | −0.93 | −10.07 | −3.71 | −9.06 | −3.76 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,191 | 1,250 | 1,407 | 1,783 | 1,711 | 618 | 1,288 | 2,078 | 2,243 | 2,175 | 1,856 | 1,872 |
| Expenses | 1,081 | 1,117 | 1,213 | 1,558 | 1,419 | 683 | 1,144 | 1,766 | 2,046 | 2,091 | 2,098 | 2,151 |
| Operating Profit | 110 | 134 | 196 | 227 | 296 | −64.06 | 147 | 317 | 198 | 88.10 | −241 | −276 |
| OPM % | 9.1% | 11.0% | 14.0% | 13.0% | 17.1% | −10.0% | 11.1% | 15.1% | 9.0% | 4.0% | −13.0% | −14.8% |
| Other Income | 3.01 | 7.01 | 9.01 | 8.01 | −35.99 | 48.05 | 36.01 | −16.02 | 37.02 | 19.01 | 101 | 98.10 |
| Interest | 2.99 | 2.99 | 1.99 | 3.99 | 24.90 | 30.90 | 25.91 | 30.86 | 58.73 | 78.63 | 73.75 | 69.72 |
| Depreciation | 14.01 | 14.01 | 12.99 | 17.01 | 86.95 | 77.99 | 69.94 | 74.02 | 98.93 | 119 | 127 | 127 |
| Profit before tax | 94.98 | 126 | 190 | 215 | 148 | −125 | 86.03 | 197 | 76.99 | −91.09 | −338 | −376 |
| Tax % | 30.0% | 32.0% | 33.0% | 32.0% | 25.0% | −22.0% | 22.0% | 22.0% | 29.0% | −25.0% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −35.04 | 10.02 | 1.01 | −22.03 | 20.03 | 10.03 | 80.19 | 74.16 |
| Net Profit | 66.09 | 85.04 | 127 | 145 | 112 | −97.02 | 67.08 | 152 | 54.04 | −69.02 | −338 | −379 |
| EPS (Rs) | 4.69 | 6.02 | 8.98 | 10.27 | 7.90 | −6.91 | 4.72 | 10.74 | 3.82 | −4.85 | −23.77 | −26.60 |
| Dividend payout % | 43.0% | 40.0% | 33.0% | 31.0% | 40.0% | 0.0% | 53.0% | 42.0% | 52.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27.90 | 27.89 | 27.88 | 27.91 | 27.90 | 27.89 | 27.89 | 27.89 | 27.92 | 27.91 | 27.89 | 27.90 |
| Reserves | 277 | 311 | 380 | 461 | 553 | 582 | 489 | 531 | 614 | 651 | 589 | 261 |
| Borrowings | 30.89 | 13.95 | 0.00 | 0.00 | 85.78 | 268 | 352 | 297 | 351 | 868 | 749 | 736 |
| Other Liabilities | 162 | 230 | 200 | 283 | 402 | 362 | 222 | 369 | 419 | 515 | 487 | 575 |
| Total Liabilities | 498 | 584 | 608 | 771 | 1,069 | 1,240 | 1,092 | 1,226 | 1,413 | 2,064 | 1,853 | 1,600 |
| Fixed Assets | 70.71 | 66.76 | 60.71 | 76.66 | 117 | 369 | 287 | 264 | 308 | 530 | 505 | 505 |
| CWIP | 1.01 | 1.01 | 1.01 | 2.99 | 6.01 | 2.99 | 2.01 | 6.99 | 14.99 | 13.99 | 17.98 | 14.99 |
| Investments | 0.00 | 0.00 | 67.82 | 71.88 | 0.99 | 40.92 | 141 | 41.91 | 22.97 | 2.99 | 5.99 | 72.80 |
| Other Assets | 426 | 516 | 479 | 620 | 946 | 828 | 661 | 914 | 1,067 | 1,517 | 1,325 | 1,007 |
| Inventories | 226 | 286 | 282 | 316 | 525 | 446 | 301 | 516 | 584 | 913 | 695 | 470 |
| Trade receivables | 111 | 149 | 121 | 177 | 299 | 267 | 148 | 219 | 255 | 328 | 368 | 271 |
| Cash & equivalents | 8.02 | 8.01 | 11.01 | 23.02 | 14.03 | 11.02 | 90.05 | 21.04 | 36.05 | 46.07 | 48.09 | 46.05 |
| Total Assets | 498 | 584 | 608 | 771 | 1,069 | 1,240 | 1,092 | 1,226 | 1,413 | 2,064 | 1,853 | 1,600 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 13.95 | 52.82 | 126 | 84.68 | −55.80 | 291 | 84.64 | −23.91 | 175 | −132 | 291 | 180 |
| Cash from investing activity | −3.01 | −8.02 | −73.22 | −29.10 | 16.06 | −85.24 | −145 | 146 | −84.28 | −76.28 | −46.13 | −48.15 |
| Cash from financing activity | −13.95 | −44.88 | −50.81 | −43.81 | 30.91 | −210 | 73.77 | −126 | −74.76 | 217 | −250 | −138 |
| Net cash flow | −3.01 | 0.00 | 2.01 | 13.05 | −9.03 | −4.01 | 14.03 | −3.01 | 16.06 | 10.03 | −5.01 | −6.02 |
| Capex | 11.04 | 10.02 | 9.02 | 31.08 | 59.15 | 45.12 | 12.04 | 36.13 | 107 | 100 | 43.13 | 48.12 |
| Free cash flow | 8.97 | 44.85 | 118 | 54.83 | −115 | 247 | 102 | −57.83 | 68.79 | −230 | 250 | 204 |
| CFO / OP % | 44.0% | 73.0% | 123.0% | 76.0% | 7.0% | 112.0% | −137.0% | −10.0% | 72.0% | −53.0% | 336.0% | −76.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 40 | 46 | 35 | 46 | 61 | 57 | 88 | 62 | 45 | 53 | 62 | 53 |
| Inventory days | 145 | 158 | 153 | 168 | 219 | 208 | 311 | 305 | 217 | 325 | 222 | 150 |
| Days payable | 77 | 90 | 79 | 114 | 133 | 136 | 160 | 167 | 113 | 146 | 124 | 144 |
| Cash conversion cycle | 110 | 116 | 110 | 102 | 149 | 131 | 241 | 202 | 151 | 235 | 162 | 62 |
| Working capital days | 71 | 74 | 73 | 76 | 85 | 72 | 62 | 91 | 57 | 48 | 36 | −35 |
| ROCE % | 20.0% | 28.0% | 34.1% | 43.1% | 38.1% | 29.1% | −12.0% | 13.1% | 28.1% | 8.1% | −2.0% | −28.9% |
For the Jun 2026 quarter, VIP Industries reported sales of ₹578 Cr, up 3.1% year on year and net profit of −₹54.05 Cr. The operating margin was −1.9%.
VIP Industries' sales for the year to Mar 2026 were ₹1,856 Cr; over the last twelve months they were ₹1,872 Cr.
Net profit for the year to Mar 2026 was −₹338 Cr, and −₹379 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−26.60.
VIP Industries reported borrowings of ₹736 Cr at Mar 2026, against cash and equivalents of ₹46.05 Cr.
Cash from operations was ₹180 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹204 Cr.