
About V I P Industries Limited
Data last updated:
V I P Industries Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the lifestyle products and accessories manufacturing segment of the home and lifestyle products sector. It was incorporated on 27 January 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L25200MH1968PLC013914. Its GSTIN is 27AAACV0177G1ZF (Maharashtra). The company holds 26 GST registrations, of which 23 are active. Its shares are listed on BSE: 507880 and NSE: VIPIND.
The company has an authorised share capital of ₹49.4 Cr and a paid-up capital of ₹28.41 Cr. It was formerly known as Aristo Plast P Ltd and Aristo Plast Ltd. It is led by directors including Atul Jain (Managing Director) and Suresh Inderchand Surana.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Dgp House 88 C Old Prabhadevi Road, Mumbai, Maharashtra, India – 400025.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,858.13 Cr, a decline of 14.7% compared to the previous year. For the same year it recorded a net loss of ₹418.27 Cr (net margin -22.5%) and EBITDA of -₹237.23 Cr (EBITDA margin -12.8%). The net worth stands at ₹289.5 Cr (down 53% YoY). Total assets are valued at ₹1,045.53 Cr (down 24.5% YoY).
The company has about 1,338 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Caprese Bags, Skybags and VIP Industries. As per MCA filings, the company has open charges of ₹620.59 Cr and satisfied charges of ₹641.74 Cr on record. Court records list 551 cases involving the company, including 350 filed by the company and 187 filed against it; 41 cases are pending. The company has 88 deals on record (85 market trades, 3 secondary share transfers); the latest was in June 2026. Its 8 peer companies in the Consumer Products industry (Lifestyle and Accessories Manufacturers) are compared by revenue, 3 larger and 5 smaller; the largest is Titan Company Limited with revenue of ₹60,942 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vipindustries.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address5th Floor Dgp House 88 C Old Prabhadevi Road, Mumbai, Maharashtra, India – 400025
- IndustryHome & Lifestyle, Lifestyle Products & Accessories Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of V I P Industries Limited
The main business activity of V I P Industries is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of V I P Industries Limited FY 2025-26 filings available
V I P Industries Limited reported revenue of ₹1,858.13 Cr (down 14.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,858 | 2,178 | 2,245 | 2,082 | 1,290 | 619 | 1,714 |
| Revenue growth | -14.7% | -3.0% | +7.8% | +61.5% | +108.5% | -63.9% | - |
| EBITDA | (237) | 87.98 | 198 | 284 | 146 | (64.23) | 248 |
| EBITDA margin | -12.8% | +4.0% | +8.8% | +13.7% | +11.3% | -10.4% | +14.5% |
| Profit before tax | (338) | (91.22) | 76.58 | 197 | 86.16 | (125) | 148 |
| Net profit | (418) | (78.72) | 34.62 | 174 | 66.22 | (108) | 147 |
| Net profit margin | -22.5% | -3.6% | +1.5% | +8.4% | +5.1% | -17.4% | +8.6% |
| EPS (₹) | (23.80) | (4.84) | 3.83 | 10.75 | 4.73 | (6.90) | 7.91 |
| Balance sheet | |||||||
| Total assets | 1,046 | 1,384 | 1,567 | 1,011 | 874 | 884 | 895 |
| Net worth | 290 | 616 | 678 | 642 | 560 | 517 | 610 |
| Total debt | 738 | 751 | 871 | 352 | 298 | 353 | 269 |
| Cash & bank | 45.54 | 47.91 | 46.34 | 36.49 | 20.73 | 90.50 | 10.76 |
| Net working capital | 342 | 739 | 932 | 586 | 504 | 389 | 440 |
| Cash flow | |||||||
| Cash from operations | 181 | 292 | (132) | 175 | (23.68) | 85.09 | 292 |
| Cash from investing | (48.32) | (46.28) | (75.99) | (84.47) | 146 | (145) | (85.00) |
| Cash from financing | (139) | (251) | 218 | (74.57) | (126) | 73.53 | (211) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 578 | 436 | 454 | 406 | 561 | 494 | 501 | 544 |
| Revenue growth (YoY) | +3.0% | -11.7% | -9.4% | -25.3% | -12.1% | - | - | - |
| Other income | 4.07 | 4.25 | 74.53 | 15.05 | 6.55 | 8.04 | 2.47 | 6.23 |
| EBITDA | (11.12) | (82.20) | (76.83) | (106) | 24.65 | 6.50 | 28.61 | (2.18) |
| EBITDA margin | -1.9% | -18.8% | -16.9% | -26.2% | +4.4% | +1.3% | +5.7% | -0.4% |
| Depreciation | 31.43 | 30.73 | 31.98 | 32.99 | 31.59 | 30.29 | 30.03 | 29.55 |
| Interest | 16.17 | 20.12 | 15.96 | 17.60 | 16.66 | 16.88 | 17.74 | 20.11 |
| Profit before tax | (54.65) | (129) | (50.24) | (142) | (17.05) | (32.63) | (16.69) | (45.61) |
| Tax | (1.09) | 0.10 | 2.63 | 1.21 | (3.95) | (5.27) | (4.27) | (12.56) |
| Net profit | (53.56) | (129) | (52.87) | (143) | (13.10) | (27.36) | (12.42) | (33.05) |
| EPS (₹) | (3.77) | (9.07) | (3.72) | (10.07) | (0.92) | (1.92) | (0.87) | (2.32) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,849 | 2,170 | 2,216 | 2,020 | 1,257 | 613 | 1,710 |
| Revenue growth | -14.8% | -2.1% | +9.7% | +60.6% | +105.0% | -64.1% | - |
| EBITDA | (250) | 54.45 | 129 | 179 | 118 | (76.17) | 199 |
| EBITDA margin | -13.5% | +2.5% | +5.8% | +8.9% | +9.4% | -12.4% | +11.6% |
| Profit before tax | (343) | (107) | 36.18 | 193 | 83.85 | (113) | 121 |
| Net profit | (411) | (83.09) | 7.61 | 147 | 63.05 | (94.83) | 122 |
| Net profit margin | -22.2% | -3.8% | +0.3% | +7.3% | +5.0% | -15.5% | +7.1% |
| EPS (₹) | (24.14) | (5.73) | 1.97 | 11.36 | 4.51 | (5.98) | 6.28 |
| Balance sheet | |||||||
| Total assets | 927 | 1,222 | 1,389 | 913 | 754 | 814 | 814 |
| Net worth | 209 | 550 | 617 | 607 | 505 | 468 | 547 |
| Total debt | 700 | 655 | 755 | 289 | 233 | 331 | 251 |
| Cash & bank | 25.55 | 29.82 | 30.01 | 24.88 | 10.14 | 81.43 | 6.69 |
| Net working capital | 252 | 595 | 790 | 520 | 392 | 314 | 371 |
| Cash flow | |||||||
| Cash from operations | 97.08 | 264 | (116) | 63.04 | (14.10) | 75.28 | 271 |
| Cash from investing | (24.76) | (36.03) | (49.25) | 15.18 | 173 | (139) | (67.10) |
| Cash from financing | (76.12) | (227) | 171 | (63.39) | (163) | 72.67 | (207) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 570 | 431 | 453 | 404 | 561 | 488 | 500 | 544 |
| Revenue growth (YoY) | +1.5% | -11.8% | -9.4% | -25.7% | -12.0% | - | - | - |
| Other income | 5.11 | 6.32 | 72.36 | 14.23 | 5.66 | 7.00 | 3.21 | 2.88 |
| Total expenses | 590 | 529 | 515 | 509 | 553 | 492 | 482 | 553 |
| EBITDA | (20.18) | (98.07) | (62.22) | (105) | 7.95 | (3.67) | 17.94 | (8.61) |
| EBITDA margin | -3.5% | -22.8% | -13.7% | -26.0% | +1.4% | -0.8% | +3.6% | -1.6% |
| Depreciation | 28.60 | 28.02 | 29.25 | 30.31 | 28.99 | 27.55 | 26.81 | 26.20 |
| Interest | 15.45 | 19.41 | 15.63 | 16.49 | 15.60 | 15.96 | 16.51 | 18.87 |
| Profit before tax | (59.12) | (139) | (34.74) | (138) | (30.98) | (40.18) | (22.17) | (50.80) |
| Tax | 0.36 | 3.15 | 3.45 | 1.37 | (7.65) | (9.67) | (5.33) | (12.30) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 578 | 436 | 454 | 406 | 561 | 494 | 501 | 544 |
| Revenue growth (YoY) | +3.0% | -11.7% | -9.4% | -25.3% | -12.1% | - | - | - |
| Other income | 4.07 | 4.25 | 74.53 | 15.05 | 6.55 | 8.04 | 2.47 | 6.23 |
| EBITDA | (11.12) | (82.20) | (76.83) | (106) | 24.65 | 6.50 | 28.61 | (2.18) |
| EBITDA margin | -1.9% | -18.8% | -16.9% | -26.2% | +4.4% | +1.3% | +5.7% | -0.4% |
| Depreciation | 31.43 | 30.73 | 31.98 | 32.99 | 31.59 | 30.29 | 30.03 | 29.55 |
| Interest | 16.17 | 20.12 | 15.96 | 17.60 | 16.66 | 16.88 | 17.74 | 20.11 |
| Profit before tax | (54.65) | (129) | (50.24) | (142) | (17.05) | (32.63) | (16.69) | (45.61) |
| Tax | (1.09) | 0.10 | 2.63 | 1.21 | (3.95) | (5.27) | (4.27) | (12.56) |
| Net profit | (53.56) | (129) | (52.87) | (143) | (13.10) | (27.36) | (12.42) | (33.05) |
| EPS (₹) | (3.77) | (9.07) | (3.72) | (10.07) | (0.92) | (1.92) | (0.87) | (2.32) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,858 | 2,178 | 2,245 | 2,082 | 1,290 | 619 | 1,714 |
| Revenue growth | -14.7% | -3.0% | +7.8% | +61.5% | +108.5% | -63.9% | - |
| Other income | 101 | 18.75 | 37.53 | 17.08 | 36.36 | 48.35 | 12.50 |
| Total expenses | 2,095 | 2,090 | 2,047 | 1,798 | 1,143 | 683 | 1,466 |
| Employee cost | 218 | 225 | 270 | 236 | 189 | 138 | 210 |
| EBITDA | (237) | 87.98 | 198 | 284 | 146 | (64.23) | 248 |
| EBITDA margin | -12.8% | +4.0% | +8.8% | +13.7% | +11.3% | -10.4% | +14.5% |
| Depreciation | 127 | 119 | 99.49 | 73.66 | 69.96 | 77.94 | 86.81 |
| Interest | 74.04 | 78.89 | 59.05 | 31.38 | 26.35 | 30.79 | 25.23 |
| Profit before tax | (338) | (91.22) | 76.58 | 197 | 86.16 | (125) | 148 |
| Tax | (0.01) | (22.43) | 22.28 | 44.19 | 19.23 | (27.12) | 36.68 |
| Net profit | (418) | (78.72) | 34.62 | 174 | 66.22 | (108) | 147 |
| Net profit margin | -22.5% | -3.6% | +1.5% | +8.4% | +5.1% | -17.4% | +8.6% |
| EPS (₹) | (23.80) | (4.84) | 3.83 | 10.75 | 4.73 | (6.90) | 7.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 28.41 | 28.40 | 28.39 | 28.33 | 28.29 | 28.26 | 28.26 |
| Reserves & surplus | 261 | 588 | 650 | 613 | 531 | 489 | 582 |
| Shareholders' funds (net worth) | 290 | 616 | 678 | 642 | 560 | 517 | 610 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 285 | 269 | 340 | 181 | 123 | 154 | 12.19 |
| Unsecured loans | 452 | 482 | 531 | 171 | 175 | 200 | 257 |
| Total debt | 738 | 751 | 871 | 352 | 298 | 353 | 269 |
| Total liabilities | 1,046 | 1,384 | 1,567 | 1,011 | 874 | 884 | 895 |
| Assets | |||||||
| Gross block | 988 | 898 | 828 | 529 | 522 | 483 | 504 |
| Net block | 507 | 507 | 532 | 309 | 265 | 288 | 371 |
| Capital work in progress | 14.58 | 17.98 | 14.38 | 15.30 | 7.49 | 2.28 | 2.76 |
| Investments | 72.97 | 5.68 | 2.90 | 23.47 | 41.71 | 141 | 40.77 |
| Inventories | 472 | 698 | 916 | 587 | 518 | 302 | 448 |
| Sundry debtors | 271 | 368 | 328 | 255 | 219 | 148 | 267 |
| Cash & bank balances | 45.54 | 47.91 | 46.34 | 36.49 | 20.73 | 90.50 | 10.76 |
| Loans & advances | 112 | 96.74 | 142 | 111 | 102 | 57.65 | 61.69 |
| Total current assets | 900 | 1,211 | 1,431 | 990 | 860 | 598 | 788 |
| Total current liabilities | 559 | 472 | 500 | 404 | 356 | 210 | 348 |
| Net working capital | 342 | 739 | 932 | 586 | 504 | 389 | 440 |
| Total assets | 1,046 | 1,384 | 1,567 | 1,011 | 874 | 884 | 895 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 37.96 | 43.42 | 33.14 | 17.29 | 20.38 | 6.85 | 10.80 |
| Net cash from operating activities | 181 | 292 | (132) | 175 | (23.68) | 85.09 | 292 |
| Net cash from investing activities | (48.32) | (46.28) | (75.99) | (84.47) | 146 | (145) | (85.00) |
| Net cash from financing activities | (139) | (251) | 218 | (74.57) | (126) | 73.53 | (211) |
| Net change in cash | (6.25) | (5.46) | 10.28 | 15.85 | (3.09) | 13.53 | (3.95) |
| Closing cash | 45.54 | 47.91 | 46.34 | 36.49 | 20.73 | 90.50 | 10.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -14.7% | -3.0% | +7.8% | +61.5% | +108.5% | -63.9% | - |
| EBITDA growth | -369.6% | -55.5% | -30.6% | +94.7% | +327.5% | -125.9% | - |
| PBT growth | -270.6% | - | -61.0% | +128.1% | +9998.0% | - | -31.0% |
| Net income growth | -431.3% | -327.4% | -80.1% | +163.1% | +161.5% | -173.3% | - |
| Revenue CAGR (3Y) | -3.7% | +19.1% | +53.7% | +6.7% | -10.3% | -24.0% | +10.4% |
| EBITDA CAGR (3Y) | - | -15.6% | - | +4.7% | -13.7% | - | +22.7% |
| Profitability & leverage | |||||||
| Net income margin | -18.2% | -3.2% | +2.4% | +7.3% | +5.2% | -15.8% | +6.5% |
| Return on capital employed | 0.0% | -1.5% | +8.4% | +27.4% | +12.8% | -10.6% | +28.1% |
| Return on net worth | 0.0% | -12.2% | +5.3% | +29.0% | +12.4% | -17.3% | +24.7% |
| Debt / equity | 1.64 | 1.25 | 0.93 | 0.54 | 0.61 | 0.55 | 0.30 |
| Long-term debt / equity | 0.59 | 0.43 | 0.31 | 0.22 | 0.28 | 0.30 | 0.15 |
| Interest cover | -20.31 | -253.83 | 60.19 | 14.88 | 34.60 | -21.66 | 15.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.97 | 2.52 | 3.31 | 3.96 | 2.57 | 1.25 | 5.14 |
| Inventory turnover | 3.17 | 2.70 | 2.99 | 3.77 | 3.15 | 1.65 | 3.51 |
| Debtors turnover | 5.82 | 6.26 | 7.70 | 8.79 | 7.03 | 2.97 | 6.06 |
| EPS (₹) | (23.80) | (4.84) | 3.83 | 10.75 | 4.73 | (6.90) | 7.91 |
| Dividend per share (₹) | 0.00 | 0.00 | 2.00 | 4.50 | 2.50 | 0.00 | 3.20 |
| Book value per share (₹) | 20.38 | 43.39 | 47.76 | 45.30 | 39.57 | 36.60 | 43.18 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 570 | 431 | 453 | 404 | 561 | 488 | 500 | 544 |
| Revenue growth (YoY) | +1.5% | -11.8% | -9.4% | -25.7% | -12.0% | - | - | - |
| Other income | 5.11 | 6.32 | 72.36 | 14.23 | 5.66 | 7.00 | 3.21 | 2.88 |
| Total expenses | 590 | 529 | 515 | 509 | 553 | 492 | 482 | 553 |
| EBITDA | (20.18) | (98.07) | (62.22) | (105) | 7.95 | (3.67) | 17.94 | (8.61) |
| EBITDA margin | -3.5% | -22.8% | -13.7% | -26.0% | +1.4% | -0.8% | +3.6% | -1.6% |
| Depreciation | 28.60 | 28.02 | 29.25 | 30.31 | 28.99 | 27.55 | 26.81 | 26.20 |
| Interest | 15.45 | 19.41 | 15.63 | 16.49 | 15.60 | 15.96 | 16.51 | 18.87 |
| Profit before tax | (59.12) | (139) | (34.74) | (138) | (30.98) | (40.18) | (22.17) | (50.80) |
| Tax | 0.36 | 3.15 | 3.45 | 1.37 | (7.65) | (9.67) | (5.33) | (12.30) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,849 | 2,170 | 2,216 | 2,020 | 1,257 | 613 | 1,710 |
| Revenue growth | -14.8% | -2.1% | +9.7% | +60.6% | +105.0% | -64.1% | - |
| Other income | 92.99 | 14.84 | 41.52 | 97.40 | 47.39 | 59.36 | 24.05 |
| Total expenses | 2,099 | 2,115 | 2,087 | 1,840 | 1,139 | 689 | 1,511 |
| Employee cost | 151 | 157 | 174 | 168 | 136 | 112 | 176 |
| EBITDA | (250) | 54.45 | 129 | 179 | 118 | (76.17) | 199 |
| EBITDA margin | -13.5% | +2.5% | +5.8% | +8.9% | +9.4% | -12.4% | +11.6% |
| Depreciation | 117 | 106 | 83.49 | 58.05 | 58.12 | 67.03 | 78.00 |
| Interest | 68.73 | 70.41 | 50.73 | 25.27 | 23.51 | 29.05 | 23.59 |
| Profit before tax | (343) | (107) | 36.18 | 193 | 83.85 | (113) | 121 |
| Tax | 0.32 | (25.83) | 8.16 | 32.45 | 20.12 | (28.36) | 32.39 |
| Net profit | (411) | (83.09) | 7.61 | 147 | 63.05 | (94.83) | 122 |
| Net profit margin | -22.2% | -3.8% | +0.3% | +7.3% | +5.0% | -15.5% | +7.1% |
| EPS (₹) | (24.14) | (5.73) | 1.97 | 11.36 | 4.51 | (5.98) | 6.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 28.41 | 28.40 | 28.39 | 28.33 | 28.29 | 28.26 | 28.26 |
| Reserves & surplus | 180 | 521 | 588 | 579 | 477 | 440 | 519 |
| Shareholders' funds (net worth) | 209 | 550 | 617 | 607 | 505 | 468 | 547 |
| Secured loans | 257 | 230 | 295 | 135 | 49.58 | 148 | 12.19 |
| Unsecured loans | 443 | 425 | 459 | 154 | 184 | 183 | 239 |
| Total debt | 700 | 655 | 755 | 289 | 233 | 331 | 251 |
| Total liabilities | 927 | 1,222 | 1,389 | 913 | 754 | 814 | 814 |
| Assets | |||||||
| Gross block | 863 | 784 | 707 | 423 | 419 | 397 | 421 |
| Net block | 459 | 453 | 462 | 238 | 202 | 234 | 311 |
| Capital work in progress | 3.18 | 7.71 | 3.85 | 14.14 | 6.41 | 2.20 | 2.61 |
| Investments | 113 | 55.59 | 54.31 | 76.01 | 100 | 198 | 89.36 |
| Inventories | 355 | 575 | 768 | 482 | 370 | 222 | 377 |
| Sundry debtors | 266 | 368 | 325 | 243 | 207 | 147 | 264 |
| Cash & bank balances | 25.55 | 29.82 | 30.01 | 24.88 | 10.14 | 81.43 | 6.69 |
| Loans & advances | 93.55 | 84.97 | 134 | 103 | 82.47 | 58.65 | 60.65 |
| Total current assets | 740 | 1,058 | 1,257 | 852 | 669 | 508 | 709 |
| Total current liabilities | 488 | 463 | 467 | 333 | 278 | 195 | 338 |
| Net working capital | 252 | 595 | 790 | 520 | 392 | 314 | 371 |
| Total assets | 927 | 1,222 | 1,389 | 913 | 754 | 814 | 814 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 27.62 | 27.09 | 21.53 | 6.70 | 11.31 | 2.78 | 5.80 |
| Net cash from operating activities | 97.08 | 264 | (116) | 63.04 | (14.10) | 75.28 | 271 |
| Net cash from investing activities | (24.76) | (36.03) | (49.25) | 15.18 | 173 | (139) | (67.10) |
| Net cash from financing activities | (76.12) | (227) | 171 | (63.39) | (163) | 72.67 | (207) |
| Net change in cash | (3.80) | 0.53 | 5.56 | 14.83 | (4.61) | 8.53 | (3.02) |
| Closing cash | 25.55 | 29.82 | 30.01 | 24.88 | 10.14 | 81.43 | 6.69 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -14.8% | -2.1% | +9.7% | +60.6% | +105.0% | -64.1% | - |
| EBITDA growth | -559.6% | -57.8% | -28.1% | +51.8% | +255.0% | -138.3% | - |
| PBT growth | -219.5% | - | -81.3% | +130.6% | +9998.0% | - | -38.4% |
| Net income growth | -394.1% | -1191.9% | -94.8% | +133.9% | +166.5% | -177.7% | - |
| Revenue CAGR (3Y) | -2.9% | +20.0% | +53.4% | +5.7% | -11.0% | -24.2% | +10.3% |
| EBITDA CAGR (3Y) | - | -22.7% | - | -3.4% | -16.6% | - | +18.0% |
| Profitability & leverage | |||||||
| Net income margin | -18.5% | -3.8% | +1.3% | +8.0% | +5.1% | -13.8% | +5.2% |
| Return on capital employed | 0.0% | -2.8% | +5.1% | +26.2% | +13.7% | -10.3% | +26.3% |
| Return on net worth | 0.0% | -14.0% | +1.2% | +28.9% | +13.1% | -16.7% | +22.3% |
| Debt / equity | 1.79 | 1.21 | 0.85 | 0.47 | 0.58 | 0.57 | 0.31 |
| Long-term debt / equity | 0.69 | 0.46 | 0.32 | 0.22 | 0.28 | 0.31 | 0.15 |
| Interest cover | -18.74 | -136.30 | 111.76 | 20.84 | 39.20 | -20.29 | 19.55 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.25 | 2.91 | 3.92 | 4.80 | 3.08 | 1.50 | 6.34 |
| Inventory turnover | 3.98 | 3.23 | 3.54 | 4.74 | 4.25 | 2.05 | 3.97 |
| Debtors turnover | 5.83 | 6.26 | 7.80 | 8.98 | 7.11 | 2.98 | 6.08 |
| EPS (₹) | (24.14) | (5.73) | 1.97 | 11.36 | 4.51 | (5.98) | 6.28 |
| Dividend per share (₹) | 0.00 | 0.00 | 2.00 | 4.50 | 2.50 | 0.00 | 3.20 |
| Book value per share (₹) | 14.69 | 38.71 | 43.45 | 42.86 | 35.72 | 33.16 | 38.71 |
Peer Comparison of V I P Industries Limited
V I P Industries Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Titan Company Limited Listed | ₹60,942 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Hosur, Tamil Nadu, India |
| Vaibhav Global Limited Listed | ₹3,407.62 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Jaipur, Rajasthan, India |
| Essilor India Private Limited | ₹2,211.77 Cr (FY 2023) | •••• | •••• | 11.0% | •••• | Bengaluru, Karnataka, India |
| Samsonite South Asia Private Limited | ₹1,942.51 Cr (FY 2024) | •••• | •••• | -16.0% | •••• | Nashik, Maharashtra, India |
| Polymatech Electronics Limited. | ₹1,912.13 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Oragadam, Tamil Nadu, India |
| V I P Industries Limited this company | ₹1,858.13 Cr (FY 2026) | •••• | •••• | -14.7% | •••• | Mumbai, Maharashtra, India |
| Safari Industries (India) Limited Listed | ₹1,800.05 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| KDDL Limited Listed | ₹1,694.57 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Parwanoo, Himachal Pradesh, India |
| Elentec India Private Limited | ₹1,027.41 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below V I P Industries by revenue in the Consumer Products industry (Lifestyle and Accessories Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of V I P Industries Limited
V I P Industries Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of V I P Industries Limited
V I P Industries has 8 current directors and 29 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Atul Jain Also directs: Ghaniji Consultants Private Limited | Managing Director | 23 Sep 2025 | 1 Years 0 Months | Current |
| Shalini Dilip Piramal | Additional Director | 23 Sep 2025 | 1 Years 0 Months | Current |
| Rajendra Vishwanath Agarwal | Additional Director | 23 Sep 2025 | 1 Years 0 Months | Current |
| Renuka Ramnath Also directs: Multiples Private Equity Fund II LLP, Shri Nath G Corporate Management Services LLP, Maam Advisor IV LLP and 5 more | Additional Director | 23 Sep 2025 | 1 Years 0 Months | Current |
| Sridhar Sankararaman Also directs: Multiples Private Equity Fund II LLP, Geniemode Global Private Limited, Instant Transport Solution Private Limited and 1 more | Additional Director | 23 Sep 2025 | 1 Years 0 Months | Current |
| Suresh Inderchand Surana | Director | 07 Aug 2023 | 3 Years 2 Months | Current |
Shareholding Pattern of V I P Industries Limited
Shareholding for the quarter ended Sep 2026: promoters hold 42.40%, foreign institutional investors hold 5.20%, domestic institutional investors hold 16.60% and retail and other public shareholders hold 35.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 42.40% | 42.40% | 42.40% | 49.70% |
| Public | 57.60% | 57.60% | 57.60% | 50.30% |
Charges & Borrowings of V I P Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Apr 2026 | Others | ₹75 Cr | Open |
| 21 Aug 2025 | Yes Bank Limited | ₹39 Cr | Open |
| 23 Dec 2024 | Others | ₹50 Cr | Open |
| 25 Apr 2023 | Others | ₹20 Cr | Open |
| 01 Feb 2021 | Axis Bank Limited | ₹80 Cr | Open |
Total charge records: 125 View all charges
Deals & Funding of V I P Industries Limited
V I P Industries Limited has 88 deals on record (85 market trades, 3 secondary share transfers); the latest was in June 2026.
Deals on record (5 of 88)
Full deal history
All 88 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of V I P Industries Limited
V I P Industries Limited has 551 court cases on record: 350 filed by V I P Industries, 187 filed against it, 14 where it is another party. 41 cases are pending and 510 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 347 | 108 | 23 |
| High courts | 203 | 79 | 18 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 551)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Nysaa Retail Private Limited | Pending |
| Bombay High Court | Court case (COMMP) | Filed against the company by Carlton Overseas Private Limited | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Counfreedise Retail Services Limited | Disposed |
| District court, South West, Delhi | Commercial suit | Filed by the company against Nysaa Retail Private Limited | Disposed |
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Virinder Engineering and Chemicals Pvt Ltd | Disposed |
Full case history
All 551 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with V I P Industries Limited
V I P Industries operates multiple associated brands including Caprese Bags, Skybags, and VIP Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Caprese sells women's fashion bags, slings, and accessories online. | capresebags.com | |
| Travel & business bags brand | skybags.co.in | |
| Luggage and travel utilities are manufactured and exported globally. | vipindustries.co.in |
Employees and EPFO Compliance at V I P Industries Limited
V I P Industries Limited has a workforce of 1,338 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of V I P Industries Limited
V I P Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Blow Plast Retail Limited | U74999MH2007PLC169105 | - |
Showing major subsidiaries. Total: 1.
Name History of V I P Industries Limited
V I P Industries has undergone 2 name changes throughout its history. The company was previously known as Aristo Plast P Ltd, and Aristo Plast Ltd. The current legal name is V I P Industries Limited.
| Company Name | Status |
|---|---|
| V I P Industries Limited | Current |
| Aristo Plast P Ltd | Previous |
| Aristo Plast Ltd | Previous |
Recent Activity on V I P Industries Limited
V I P Industries Limited has 58 board changes on record since 1979: 35 appointments and 23 cessations. The latest: Sanjay Mahesh Prasad Rastogi was appointed as Additional Director on 27 May 2026.
287 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for V I P Industries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by V I P Industries Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of V I P Industries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of V I P Industries Limited
V I P Industries has 26 GST registrations: 23 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV0177G1ZF | Maharashtra | Active | 01 Jul 2017 |
| 27AAACV0177G2ZE | Maharashtra | Active | 09 Jun 2018 |
| 03AAACV0177G1ZP | Punjab | Active | 01 Jul 2017 |
| 04AAACV0177G1ZN | Chandigarh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of V I P Industries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about V I P Industries Limited
Frequently Asked Questions about V I P Industries Limited
V I P Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in lifestyle products and accessories manufacturing, within the home and lifestyle industry. It was incorporated on 27 January 1968 (58+ years old) and is registered under CIN L25200MH1968PLC013914. Listed on BSE: 507880 and NSE: VIPIND.
V I P Industries reported revenue of ₹1,858.13 Cr for FY 2025-26 (down 14.7% YoY) based on consolidated financials.
V I P Industries has 8 current directors:
- Atul Jain - Managing Director
- Shalini Dilip Piramal - Additional Director
- Rajendra Vishwanath Agarwal - Additional Director
- Renuka Ramnath - Additional Director
- Sridhar Sankararaman - Additional Director
- Suresh Inderchand Surana - Director
- Sanjay Mahesh Prasad Rastogi - Additional Director
- Vaishali Shrikant Bhat - Additional Director
The GSTIN of V I P Industries is 27AAACV0177G1ZF, registered in Maharashtra. The company has 26 GST registrations in all, of which 23 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACV0177G2ZE (Maharashtra), 03AAACV0177G1ZP (Punjab), 04AAACV0177G1ZN (Chandigarh).
The CIN (Corporate Identification Number) of V I P Industries is L25200MH1968PLC013914. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. V I P Industries is listed on both BSE (code: 507880) and NSE (symbol: VIPIND).
V I P Industries has 551 court cases on record: 350 filed by the company and 187 filed against it. 41 are pending. Most are in the district courts.
V I P Industries was incorporated on 27 January 1968, making it 58+ years old. It is registered with the Registrar of Companies, Mumbai.
V I P Industries has 88 deals on record (85 market trades, 3 secondary share transfers); the latest was in June 2026.
The peers of V I P Industries by revenue are Titan Company Limited, Vaibhav Global Limited, Essilor India Private Limited, Samsonite South Asia Private Limited, Polymatech Electronics Limited. and 3 more, all in the Consumer Products industry (Lifestyle and Accessories Manufacturers).
Sanjay Mahesh Prasad Rastogi was appointed as Additional Director on 27 May 2026. Vaishali Shrikant Bhat was appointed as Additional Director on 27 May 2026. Ashish Kumar Chitta Ranjan Saha ceased to be Whole-Time Director on 23 Sep 2025. V I P Industries has 58 board changes on record in total.