V I P Industries Ltd

V I P Industries Ltd

Next 500 2024
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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

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)
Ranking Trend Fortune Next 500 India

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
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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)
59312631254233347961217
Cash & Bank Balance
(INR Cr)
46362191111423118811121891912
Total Debt
(INR Cr)
8713522983532698600143116408410787136

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201420132012201120102009
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 1.290.550.530.680.440.15--0.040.100.060.160.350.530.601.22
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%