VIPULLTD

Vipul Limited

Gurugram real-estate developer of residential and commercial projects

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

vipulgroup.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹9.82
Market cap
138 Cr
Stock P/E
Loss (TTM EPS ₹-0.55)
P/B
0.38
ROE (FY26)
-2.3%
ROCE (FY26)
0.1%
Operating margin (FY26)
-59.1%
Debt / equity (FY26)
0.22
OCF / EBITDA (3Y)
-266.5%

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.

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Compare with peers

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What you need to know

Vipul develops residential and commercial real estate projects in India, and reports its business as a single real estate segment.

Company snapshot

68thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Positives
  • ✓Debt-to-equity of 0.22x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

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

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
Sales7 Cr157 Cr36 Cr16 Cr16 Cr11 Cr44 Cr2 Cr8 Cr9 Cr41 Cr8 Cr
Operating expenses (approx.)11 Cr78 Cr20 Cr12 Cr11 Cr9 Cr68 Cr14 Cr11 Cr11 Cr59 Cr27 Cr
EBITDA-3 Cr79 Cr15 Cr3 Cr5 Cr2 Cr-23 Cr-12 Cr-3 Cr-1 Cr-18 Cr-19 Cr
OPM %-43.1%50.2%42.9%21.3%30.4%19.8%-52.8%-721.3%-39.1%-14.6%-44.1%-246.4%
Other income2 Cr14 Cr214 Cr3 Cr3 Cr3 Cr4 Cr12 Cr3 Cr3 Cr10 Cr20 Cr
Interest7 Cr10 Cr-3 Cr4 Cr6 Cr0.68 Cr13 Cr0.52 Cr0.28 Cr0.42 Cr6 Cr2 Cr
Depreciation0.72 Cr0.71 Cr0.69 Cr0.69 Cr0.69 Cr0.69 Cr0.74 Cr0.12 Cr0.12 Cr0.26 Cr0.35 Cr0.28 Cr
Profit before tax-8 Cr81 Cr229 Cr2 Cr1 Cr4 Cr-35 Cr-1 Cr7 Cr1 Cr-14 Cr-0.77 Cr
Tax %-109.0%22.4%11.6%0.0%0.0%0.0%-0.1%0.0%0.0%0.0%-9.5%0.0%
Net profit-17 Cr63 Cr203 Cr2 Cr1 Cr4 Cr-35 Cr-1 Cr7 Cr1 Cr-15 Cr-0.77 Cr
EPS (₹)₹-1.42₹5.27₹16.90₹0.15₹0.10₹0.31₹-2.53₹-0.10₹0.51₹0.09₹-1.10₹-0.05

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales232 Cr284 Cr226 Cr176 Cr37 Cr138 Cr75 Cr206 Cr87 Cr60 CrSign in free for the trailing twelve months
Operating expenses (approx.)213 Cr253 Cr197 Cr203 Cr90 Cr164 Cr59 Cr122 Cr100 Cr94 CrSign in free for the trailing twelve months
EBITDA19 Cr31 Cr29 Cr-26 Cr-52 Cr-26 Cr16 Cr85 Cr-13 Cr-34 CrSign in free for the trailing twelve months
OPM %8.1%10.8%13.0%-14.8%-140.6%-18.7%21.6%41.0%-14.9%-57.7%Sign in free for the trailing twelve months
Other income6 Cr8 Cr7 Cr25 Cr11 Cr10 Cr10 Cr232 Cr12 Cr28 CrSign in free for the trailing twelve months
Interest33 Cr36 Cr33 Cr32 Cr30 Cr29 Cr38 Cr24 Cr24 Cr8 CrSign in free for the trailing twelve months
Depreciation6 Cr6 Cr5 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr0.85 CrSign in free for the trailing twelve months
Profit before tax-15 Cr-3 Cr-2 Cr-38 Cr-73 Cr-49 Cr-109 Cr287 Cr-28 Cr-7 CrSign in free for the trailing twelve months
Tax %21.8%-44.4%171.0%9.6%24.1%14.4%-7.3%18.7%-0.1%-19.0%Sign in free for the trailing twelve months
Net profit-12 Cr-5 Cr1 Cr-34 Cr-56 Cr-42 Cr-117 Cr234 Cr-28 Cr-8 CrSign in free for the trailing twelve months
EPS (₹)₹-0.99₹-0.40₹0.10₹-2.86₹-4.63₹-3.49₹-9.78₹19.46₹-2.05₹-0.60Sign in free for the trailing twelve months
Dividend payout %———————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 capital12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr12 Cr14 Cr14 Cr
Reserves346 Cr350 Cr354 Cr—260 Cr219 Cr103 Cr340 Cr363 Cr352 Cr
Borrowings399 Cr537 Cr545 Cr—633 Cr603 Cr266 Cr188 Cr85 Cr82 Cr
Other liabilities743 Cr812 Cr956 Cr—980 Cr1,008 Cr1,058 Cr716 Cr728 Cr668 Cr
Total liabilities1,503 Cr1,713 Cr1,869 Cr—1,889 Cr1,845 Cr1,442 Cr1,255 Cr1,190 Cr1,116 Cr
Fixed assets (net)72 Cr76 Cr60 Cr—46 Cr43 Cr32 Cr30 Cr36 Cr5 Cr
CWIP10 Cr11 Cr——12 Cr12 Cr12 Cr12 Cr5 Cr5 Cr
Investments3 Cr3 Cr7 Cr—7 Cr6 Cr6 Cr6 Cr2 Cr2 Cr
Inventories792 Cr921 Cr987 Cr—1,023 Cr951 Cr774 Cr440 Cr440 Cr426 Cr
Trade receivables184 Cr217 Cr329 Cr—332 Cr324 Cr125 Cr248 Cr272 Cr270 Cr
Cash & bank18 Cr16 Cr6 Cr—60 Cr45 Cr21 Cr49 Cr40 Cr35 Cr
Other assets424 Cr469 Cr480 Cr—411 Cr465 Cr472 Cr469 Cr394 Cr373 Cr
Total assets1,503 Cr1,713 Cr1,869 Cr—1,889 Cr1,845 Cr1,442 Cr1,255 Cr1,190 Cr1,116 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 activity——-3 Cr—258 Cr17 Cr421 Cr-112 Cr43 Cr-31 Cr
Cash from investing——21 Cr—16 Cr16 Cr9 Cr207 Cr12 Cr9 Cr
Cash from financing——-26 Cr—-265 Cr-43 Cr-357 Cr-138 Cr-77 Cr10 Cr
Net cash flow——-8 Cr—9 Cr-10 Cr73 Cr-43 Cr-22 Cr-12 Cr
Free cash flow (OCF − Capex)——-5 Cr—258 Cr17 Cr420 Cr-114 Cr42 Cr-34 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %2.4%3.6%3.5%9.6%-4.8%-2.4%-18.6%57.7%-1.0%0.1%
ROE %-3.3%-1.3%0.3%0.4%-20.2%-17.8%-99.6%66.4%-7.5%-2.3%
Debtor days289279531—324585260643911381649
Inventory days124211801590—631350895155201119893396
Days payable485187—514445388251210354
Cash conversion cycle148314092034—904454975373219929184690
OCF / EBITDA %——-11.7%———2602.9%-132.2%——
OCF / EBITDA % (3 years)———————434.3%400.2%-266.5%
Debt / equity1.111.481.49—2.332.602.320.530.230.22
Current ratio1.511.681.59—1.141.081.041.241.301.41
Net debt / EBITDA20.1717.0218.36———15.191.64——