VIPCLOTHNG

VIP Clothing Limited

Men's innerwear and lifestyle apparel under VIP brand

Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels

vipclothing.in(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹19.46
Market cap
175 Cr
Stock P/E
18.5
P/B
0.90
ROE (FY26)
5.0%
ROCE (FY26)
8.2%
Operating margin (FY26)
8.0%
Debt / equity (FY26)
0.34
OCF / EBITDA (FY26)
88.4%
OCF / EBITDA (3Y)
-19.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

VIP Clothing sells branded innerwear in India, mainly men's, through distributors, retailers, exclusive brand outlets and online platforms, and is adding women's innerwear.

Company snapshot

20thBy market cap

Ranked among 31 companies in Garments & Apparels.

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales52 Cr45 Cr32 Cr50 Cr59 Cr63 Cr65 Cr65 Cr66 Cr51 Cr72 Cr65 Cr
Operating expenses (approx.)52 Cr46 Cr40 Cr47 Cr56 Cr58 Cr59 Cr59 Cr60 Cr47 Cr65 Cr60 Cr
EBITDA0.68 Cr-1 Cr-8 Cr3 Cr3 Cr5 Cr6 Cr6 Cr6 Cr4 Cr7 Cr5 Cr
OPM %1.3%-2.5%-24.2%5.6%5.8%7.5%8.9%9.5%9.3%7.2%9.5%7.8%
Other income0.13 Cr0.10 Cr0.10 Cr0.14 Cr0.32 Cr0.24 Cr0.66 Cr0.15 Cr0.18 Cr0.52 Cr0.19 Cr0.16 Cr
Interest2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr
Depreciation0.68 Cr0.66 Cr0.70 Cr0.70 Cr0.69 Cr0.70 Cr0.85 Cr0.68 Cr0.68 Cr0.63 Cr0.64 Cr0.73 Cr
Profit before tax-2 Cr-4 Cr-11 Cr0.31 Cr1 Cr2 Cr3 Cr3 Cr3 Cr1 Cr4 Cr3 Cr
Tax %-14.0%13.1%32.4%25.1%24.2%18.4%24.4%32.0%34.5%32.1%0.8%27.4%
Net profit-2 Cr-3 Cr-7 Cr0.23 Cr0.81 Cr2 Cr2 Cr2 Cr2 Cr0.93 Cr4 Cr2 Cr
EPS (₹)₹-0.30₹-0.41₹-0.90₹0.03₹0.10₹0.22₹0.28₹0.25₹0.25₹0.10₹0.49₹0.21

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales231 Cr222 Cr204 Cr173 Cr143 Cr182 Cr201 Cr183 Cr237 Cr254 CrSign in free for the trailing twelve months
Operating expenses (approx.)216 Cr212 Cr204 Cr188 Cr140 Cr177 Cr188 Cr188 Cr220 Cr231 CrSign in free for the trailing twelve months
EBITDA15 Cr11 Cr0.60 Cr-16 Cr3 Cr5 Cr13 Cr-5 Cr17 Cr23 CrSign in free for the trailing twelve months
OPM %6.7%4.7%0.3%-9.1%2.1%2.9%6.3%-2.6%7.0%9.0%Sign in free for the trailing twelve months
Other income1 Cr1 Cr5 Cr3 Cr2 Cr4 Cr2 Cr0.43 Cr1 Cr1 CrSign in free for the trailing twelve months
Interest12 Cr11 Cr9 Cr10 Cr11 Cr9 Cr9 Cr9 Cr8 Cr9 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr3 Cr4 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax-6 Cr-3 Cr-7 Cr-28 Cr-10 Cr-4 Cr8 Cr-16 Cr7 Cr13 CrSign in free for the trailing twelve months
Tax %5.8%-18.3%4.9%45.8%89.3%46.3%20.1%21.6%22.3%21.6%Sign in free for the trailing twelve months
Net profit-7 Cr-3 Cr-6 Cr-15 Cr-1 Cr-2 Cr7 Cr-13 Cr5 Cr10 CrSign in free for the trailing twelve months
EPS (₹)₹-0.97₹-0.39₹-0.75₹-1.81₹-0.13₹-0.27₹0.80₹-1.53₹0.63₹1.09Sign in free for the trailing twelve months
Dividend payout %——————0.0%—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital13 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr17 Cr18 Cr18 Cr
Reserves143 Cr178 Cr171 Cr120 Cr119 Cr117 Cr135 Cr122 Cr167 Cr176 Cr
Borrowings95 Cr80 Cr83 Cr79 Cr89 Cr100 Cr86 Cr75 Cr78 Cr66 Cr
Other liabilities90 Cr89 Cr87 Cr57 Cr47 Cr51 Cr48 Cr58 Cr67 Cr68 Cr
Total liabilities341 Cr364 Cr357 Cr272 Cr270 Cr285 Cr285 Cr271 Cr329 Cr328 Cr
Fixed assets (net)46 Cr41 Cr39 Cr40 Cr37 Cr34 Cr28 Cr30 Cr28 Cr26 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments0.01 Cr0.01 Cr0.01 Cr0.0025 Cr0.0025 Cr0.0025 Cr0.0025 Cr0 Cr0 Cr0 Cr
Loans & advances——0.29 Cr0.39 Cr0.14 Cr0.08 Cr0.19 Cr0.23 Cr0.23 Cr0.18 Cr
Inventories103 Cr113 Cr112 Cr92 Cr77 Cr92 Cr81 Cr83 Cr92 Cr95 Cr
Trade receivables53 Cr65 Cr60 Cr32 Cr60 Cr60 Cr66 Cr58 Cr99 Cr96 Cr
Cash & bank0.03 Cr0.0068 Cr0.02 Cr2 Cr4 Cr1 Cr11 Cr0.30 Cr0.71 Cr0.75 Cr
Other assets139 Cr144 Cr146 Cr106 Cr92 Cr96 Cr98 Cr99 Cr110 Cr110 Cr
Total assets341 Cr364 Cr357 Cr272 Cr270 Cr285 Cr285 Cr271 Cr329 Cr328 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity10 Cr-17 Cr5 Cr18 Cr4 Cr-5 Cr13 Cr10 Cr-37 Cr20 Cr
Cash from investing12 Cr3 Cr1 Cr-2 Cr0.85 Cr0.02 Cr11 Cr-0.17 Cr4 Cr2 Cr
Cash from financing-21 Cr15 Cr-6 Cr-14 Cr-3 Cr2 Cr-14 Cr-21 Cr34 Cr-22 Cr
Net cash flow1 Cr1 Cr0.61 Cr2 Cr2 Cr-3 Cr10 Cr-11 Cr0.41 Cr0.04 Cr
Free cash flow (OCF − Capex)10 Cr-17 Cr5 Cr13 Cr4 Cr-5 Cr13 Cr10 Cr-38 Cr20 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.4%3.1%0.8%-8.0%0.5%2.2%7.4%-3.3%5.7%8.2%
ROE %-4.7%-1.6%-3.3%-10.9%-0.8%-1.7%4.4%-9.1%3.0%5.0%
Debtor days8310710667154121121116152137
Inventory days288313335330422272317351401923
Days payable6366627411893111156204414
Cash conversion cycle308353379323458300326311349646
OCF / EBITDA %66.2%-158.0%n.m.—n.m.n.m.104.0%—-224.4%88.4%
OCF / EBITDA % (3 years)——-4.3%———58.0%n.m.-56.3%-19.3%
Debt / equity0.610.410.440.580.660.750.570.540.420.34
Current ratio1.351.811.781.351.441.411.581.361.661.83
Net debt / EBITDA6.127.6222.73—28.3618.905.89—4.622.84