V I P Industries Ltd
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OVERVIEW
FINANCIALS
About
VIP Industries Limited is India's largest luggage manufacturer, offering a wide range of products including suitcases, backpacks, handbags, and travel accessories. Established in 1971, the company owns popular brands like VIP, Skybags, Carlton, and Caprese. With a strong retail network across India and a presence in international markets, VIP Industries focuses on innovation, design, and quality, catering to diverse consumer needs in the travel gear segment.
Incorporation Year: 1968
Headquarters: Mumbai, Maharashtra
Top Management: Mr. Dilip Piramal (Chairman)
Industry: Consumer Durables
Website: vipindustries.co.in
Featured In Fortune India Ranking
Next 500 India
#217(2024)#259(2023)#44(2021)#34(2020)#113(2019)#165(2018)#160(2017)#198(2016)#296(2015)
#217(2024)#259(2023)#44(2021)#34(2020)#113(2019)#165(2018)#160(2017)#198(2016)#296(2015)
Financial Data 2024
Revenue
2,527
(INR Cr)
Net Operating Income
2,245
(INR Cr)
Assets
1,567
(INR Cr)
Profit
54
(INR Cr)
Net Worth
678
(INR Cr)
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2527 17.4% | 2152 47.3% | 1461 184.7% | 513 -69.1% | 1663 -15.3% | 1963 36.2% | 1441 12.8% | 1278 0.3% | 1274 15.4% | 1104 8.1% | 1021 22.0% | 837 -5.9% | 889 12.7% | 789 21.0% | 652 16.2% | 562 - |
| Net Operating Income (INR Cr) | 2245 7.81% | 2082 61.48% | 1290 108.47% | 619 -63.92% | 1714 -3.94% | 1785 26.61% | 1410 10.54% | 1275 4.83% | 1216 16.11% | 1048 7.70% | 973 16.14% | 838 -2.63% | 860 13.43% | 758 18.01% | 643 14.42% | 562 -1.75% |
| Profit (INR Cr) | 54 -64.4% | 152 127.6% | 67 - | -97 - | 112 -23.1% | 145 14.6% | 127 48.8% | 85 28.2% | 66 42.7% | 47 -19.2% | 58 82.9% | 32 -53.4% | 68 -23.8% | 89 83.4% | 48 - | -14 - |
| Assets (INR Cr) | 1567 55.0% | 1011 15.7% | 874 -1.2% | 884 -1.2% | 895 31.2% | 682 36.2% | 501 20.1% | 417 15.7% | 360 5.6% | 341 11.2% | 307 2.3% | 300 -8.8% | 329 6.0% | 311 32.8% | 234 -5.5% | 247 - |
| Net Worth (INR Cr) | 678 5.6% | 642 14.7% | 560 8.2% | 517 -15.2% | 610 4.9% | 581 18.9% | 489 19.9% | 408 20.2% | 339 11.0% | 306 6.5% | 287 11.4% | 258 6.2% | 243 20.5% | 201 37.4% | 146 31.6% | 111 -12.4% |
| Employee Cost (INR Cr) | 270 14.5% | 236 24.9% | 189 37.2% | 138 -34.6% | 210 4.7% | 201 26.2% | 159 14.1% | 140 11.0% | 126 12.7% | 112 19.7% | 93 10.1% | 85 3.8% | 82 8.0% | 76 -3.6% | 78 3.8% | 76 - |
| Interest Cost (INR Cr) | 59 | 31 | 26 | 31 | 25 | 4 | 2 | 3 | 3 | 3 | 4 | 7 | 9 | 6 | 12 | 17 |
| Cash & Bank Balance (INR Cr) | 46 | 36 | 21 | 91 | 11 | 14 | 23 | 11 | 8 | 8 | 11 | 12 | 18 | 9 | 19 | 12 |
| Total Debt (INR Cr) | 871 | 352 | 298 | 353 | 269 | 86 | 0 | 0 | 14 | 31 | 16 | 40 | 84 | 107 | 87 | 136 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.2% | 7.1% | 4.6% | - | 6.7% | 7.4% | 8.8% | 6.7% | 5.2% | 4.2% | 5.7% | 3.8% | 7.6% | 11.2% | 7.4% | - |
| Profit As % Of Assets | 3.5% | 15.1% | 7.7% | - | 12.5% | 21.3% | 25.3% | 20.4% | 18.4% | 13.7% | 18.8% | 10.5% | 20.5% | 28.6% | 20.7% | - |
| Profit As % Of Networth | 8.0% | 23.7% | 12.0% | - | 18.3% | 25.0% | 25.9% | 20.9% | 19.6% | 15.2% | 20.1% | 12.2% | 27.9% | 44.1% | 33.0% | - |
| Interest Cost to EBITDA % | 29.9% | 11.0% | 18.0% | - | 10.2% | 1.7% | 1.2% | 2.0% | 2.9% | 4.0% | 4.8% | 10.4% | 7.5% | 5.0% | 13.6% | 919.4% |
| Debt to Equity Ratio | 1.29 | 0.55 | 0.53 | 0.68 | 0.44 | 0.15 | - | - | 0.04 | 0.10 | 0.06 | 0.16 | 0.35 | 0.53 | 0.60 | 1.22 |
| RONW | 5.3% | 29.0% | 12.4% | - | 24.7% | 27.1% | 28.3% | 22.8% | 20.6% | 15.7% | 17.0% | 12.6% | 30.5% | 51.0% | 43.3% | - |
| ROCE | 8.4% | 27.4% | 12.8% | -10.6% | 28.1% | 37.0% | 41.8% | 33.0% | 28.0% | 21.2% | 22.4% | 16.8% | 32.8% | 40.2% | 34.0% | 3.1% |