NSE: VIPIND | BSE: 507880

Momentum Trap

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364.70 0.25 (0.07%)

26.72% Fall from 52W High

246.8K NSE+BSE Volume

NSE 22 Dec, 2025 3:31 PM (IST)

5,180.6

Market Cap

High in industry

Beta 1Year

High 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.

21 Nov 2018, 12:49PM

364.70

0.07%

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. is trading below all available SMAs

VIP Industries Ltd.

19 Nov 2018

364.70

0.07%

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. is trading below all available SMAs

VIP Industries Ltd.

06 Aug 2018

364.70

0.07%

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...

Number of FII/FPI investors increased from 117 to 125 in Sep 2025 qtr.

VIP Industries Ltd.

06 Aug 2018

364.70

0.07%

VIP Industries

Accumulate: VIP Industries Ltd.

Target

Kotak Securities

VIP Industries Ltd. has an average target of 402.25 from 4 brokers.

VIP Industries Ltd.

26 Jun 2018

364.70

0.07%

VIP Industries

Mgmt Note: VIP Industries Ltd.

ICICI Securities Limited

We recently met the management of VIP Industries to understand its business model and growth prospects. The company is Asia's leading manufacturer/seller of hard and soft luggage, backpacks, suitcases, shoulder bags, office bags and duffel trolleys. VIP has range of leading brands, positioned across entire price range, catering to value, mid and premium price points. The Indian luggage industry is mainly dominated by unorganised players (50-55% market share). The organised industry is oligopolistic in nature with VIP having 55%+ market share, followed by...

VIP Industries Ltd. is trading below all available SMAs

VIP Industries Ltd.

26 Feb 2018

364.70

0.07%

VIP Industries Ltd. - Q3FY18 Result Update - Healthy growth momentum to continue

Buy: VIP Industries Ltd.

Target

Religare

VIP Industries (VIP) reported healthy set of numbers for Q3FY18 with a revenue and PAT growth of 12.1% & 68.5% YoY. Aided largely by appreciation in INR and operating leverage, the EBITDA margins improved by 349bps YoY to 12.2%, which was encouraging.

Number of FII/FPI investors increased from 117 to 125 in Sep 2025 qtr.

VIP Industries Ltd.

16 Jan 2018

364.70

0.07%

VIP Clothing

Mgmt Note: VIP Industries Ltd.

ICICI Securities Limited

We recently met the management of VIP Clothing (VIP) to understand the business model & outlook, going forward. Incorporated in 1991, VIP (earlier Maxwell Industries) is engaged in marketing & manufacturing innerwear products, mainly catering to men's portfolio (90% of revenues). Over the years, it has created a strong brand legacy with VIP a household name in India. Apart from its flagship brand, the company houses brands under the brands Frenchie and Feelings. VIP has positioned itself as a mass brand with its products priced in the range of | 50-85. To diversify...

VIP Industries Ltd. is trading below all available SMAs

VIP Industries Ltd.

08 Nov 2017

364.70

0.07%

VIP Industries

Accumulate: VIP Industries Ltd.

Kotak Securities

VIP has reported second straight strong quarter with significant improvement in revenues, operating margins and earnings. This is on the back of improving luggage penetration in the country and sustained efforts by the company to improve its performance. Sales was reported at Rs 3.09 bn (+8% YoY). EBIDTA margin was reported at 11.3% (+210 bps YoY) with improving volumes and realisations and lower raw material cost. Consequently, PAT was reported at Rs 242 mn (+33% YoY). We estimate the company to be a major beneficiary of increasing penetration of luggage bags and back-packs in the country and...

VIP Industries Ltd. has an average target of 402.25 from 4 brokers.

VIP Industries Ltd.

29 Aug 2017

364.70

0.07%

V I P INDUSTRIES LTD

Buy: VIP Industries Ltd.

Rudra Shares and Stock Brokers Ltd

Company has a global footprint with its products available not just across India but also all over Middle East, UK, USA, Germany, Spain, Italy and African and South East Asian countries. International business has lagged during the year, decline was due to lower brand strength in foreign markets as well as an issue with a distributor. Going forward, the strategy is to...

VIP Industries Ltd. is trading below all available SMAs

VIP Industries Ltd.

17 Mar 2017

364.70

0.07%

VIP Industries - Valuations reaching its destination, upside capped

Buy: VIP Industries Ltd.

Target

LKP Securities

~ 7.7 % in Q3FY17 despite demonetization, the absence of the Haj institutional tender this fiscal that it won in Q2FY16 partly contributed to the flat yoy growth in 9MFY17. But this absence of any low margin institutional orders together with ~ 182 basis points fall in...

VIP Industries Ltd. is trading below all available SMAs

Is VIP Industries Ltd. worth buying?

381 Votes:

Buy 74.54%

Sell 12.34%

Hold 13.12%

RESEARCH REPORTS

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