NSE: VIPIND | BSE: 507880

Momentum Trap

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421.30 6.50 (1.57%)

28.56% Fall from 52W High

402.5K NSE+BSE Volume

NSE 08 Jul, 2025 3:31 PM (IST)

5,983.3

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

VIP Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VIPIND, BSE:507880 VIP Industries Ltd.

VIP Industries Ltd.

12 Feb 2020

421.30

1.57%

Q3FY20 Result Update

Hold: VIP Industries Ltd.

Recommendation Target

Prabhudas Lilladhar

We cut our EPS estimates by 5%/7% for FY21E/FY22E and downgrade the stock from BUY to HOLD as 1) VIP has ceded market share due to rising competitive intensity 2) growth concerns can aggravate further if there is an extended factory shut down in China due to Coronavirus mayhem as only 60% of the requirements for 1QFY21 (strongest quarter) are currently hedged by placing advance orders and 3) extended slowdown in discretionary spending amid weak environment has structurally de-railed the growth momentum. Despite near term growth headwinds, margin performance has...

Number of FII/FPI investors decreased from 135 to 124 in Mar 2025 qtr

VIP Industries Ltd.

28 Nov 2019

421.30

1.57%

VIP Industries: Initiating Coverage

Buy: VIP Industries Ltd.

IDBI Capital

We initiate coverage on VIP Industries (VIP) with a BUY rating and a target price of Rs574 based on PER of 32x FY22E. VIP is a proxy play on rising spends towards travel and tourism in India. It is a leader in an industry dominated by unbranded players. Further, it has established brands, strong distribution network, skilled management and strong product portfolio. We expect its sales/EBITDA/net profits are to grow at CAGR of 11%/25%/20% over FY19-22E, respectively. We believe that the premium valuation (PER of 24.4x FY22) is justified given significant growth prospects (60% market unorganized), strong...

VIP Industries Ltd. has an average target of 406.67 from 3 brokers.

VIP Industries Ltd.

07 Nov 2019

421.30

1.57%

Q2FY20 Result Update

Buy: VIP Industries Ltd.

Target

Prabhudas Lilladhar

We cut our EPS estimates by 8.8%/8.7% for FY20E/FY21E given aggravating concerns on growth amid slowdown in discretionary spends. All channels except for e-com have struggled but a diversified mix has helped VIP tackle slowdown concerns better. Despite subdued top-line growth, gross margin expanded 250bps YoY to 53.3% amid improved negotiation with Chinese vendors who are saddled with excess capacity after increase in import duty by the US. The gross margin advantage got nullified at the operating level due to 19% YoY increase in employee expenses due to addition of manpower and...

VIP Industries Ltd. has gained 60.19% in the last 3 Months

VIP Industries Ltd.

18 Oct 2019

421.30

1.57%

Vip Industries

Buy: VIP Industries Ltd.

ICICI Securities Limited

VIP Industries Ltd. is trading above all available SMAs

VIP Industries Ltd.

30 Jul 2019

421.30

1.57%

Q1FY20 Result Update

Buy: VIP Industries Ltd.

Target

Prabhudas Lilladhar

from brand VIP (repositioning done in April) has helped the company tackle slowdown concerns better. Nonetheless, given the current situation, we cut our sales estimates by 8%/13% for FY20E/21E. Despite subdued top-line growth, gross margin expanded 10bps YoY to 50.4% and Ind-AS adjusted EBITDA margin expanded 60bps YoY to 19.2% due to 1) lag effect of price hike taken in March 2) only partial liquidation of high cost inventory sitting on books 3) launch of new products with better margin profile 4) superior product mix (sales of high margin brand VIP has increased) and 5) better...

VIP Industries Ltd. has gained 60.19% in the last 3 Months

VIP Industries Ltd.

25 Mar 2019

421.30

1.57%

Company Initiation - Bag it for a sky ride

Buy: VIP Industries Ltd.

Prabhudas Lilladhar

VIP is a formidable play on luggage market in India .......................................... 5 Investment Argument............................................................................................. 7 Organized luggage industry on cusp of higher growth ....................................... 7 VIP all set to ride the growth phase in luggage industry................................... 10 Creating twin levers of growth .......................................................................... 15 Channel checks indicate brand pull for Skybags is high; Carlton is a sturdy product ............................................................................................................. 16 Competitive landscape of the luggage industry ................................................ 17...

VIP Industries Ltd. is trading above all available SMAs

VIP Industries Ltd.

08 Feb 2019, 12:00AM

421.30

1.57%

V I P Industries Ltd

Accumulate: VIP Industries Ltd.

Recommendation Target

Angel Broking

For Q3FY2019, VIP Industries (VIP) posted a strong yoy growth of 27% in revenue to `430 cr mainly led by 30-35% volume growth. This growth was above our expectation of 21%. Outlook and Valuation: While the growth in volume remains encouraging and is likely to sustain as the company is in sweet spot in

Number of FII/FPI investors decreased from 135 to 124 in Mar 2025 qtr

VIP Industries Ltd.

21 Nov 2018

421.30

1.57%

VIP Industries Ltd. - Q2FY19 Result Update - Strong performance; growth momentum to remain healthy

Buy: VIP Industries Ltd.

Target

Religare

VIP Industries (VIP) reported healthy set of numbers for Q2FY19 with a revenue and PAT growth of 29.9% & 37.8% YoY. Aided by operating leverage (strong volume growth of ~35%) and consumption of low cost inventory, EBITDA grew by 39.6%, while EBITDA margin improved by 88bps YoY to 12.7%. PAT growth stood healthy at 37.7% YoY.

VIP Industries Ltd. has gained 22.94% in the last 1 Month

VIP Industries Ltd.

19 Nov 2018

421.30

1.57%

Initiating Coverage

Buy: VIP Industries Ltd.

Angel Broking

VIP Industries Ltd (VIP) is the largest luggage player in India with ~50%+ market share in the organised market. It has been able to create successful sub brands like Carlton, VIP Bags, Skybags, Aristocrat, Alfa and Caprese. We feel that the company is in very sweet spot where it is gaining market share from unorganised players and can gr..

VIP Industries Ltd. has gained 22.94% in the last 1 Month

VIP Industries Ltd.

06 Aug 2018

421.30

1.57%

VIP Industries

Accumulate: VIP Industries Ltd.

Target

Kotak Securities

Multi quarter super performance VIP Industries has reported its strongest quarter in the history of the company. The strength of the performance indicates strong volume growth in a seasonally strong quarter for the company, improvement in realisations with pass through of raw material price...

VIP Industries Ltd. is trading above all available SMAs

Is VIP Industries Ltd. worth buying?

379 Votes:

Buy 74.67%

Sell 12.14%

Hold 13.19%

RESEARCH REPORTS

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