MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-DL-08-0018891
Vipul Limited - real estate and construction in Malviya Naagr, Delhi, India. FY 2026 financials & compliance.
Active Listed - NSE: VIPULLTD · BSE: 511726 Public Limited Company real estate and construction MSME
Market Cap
₹129 Cr
VIPULLTD · NSE
Share Price
₹9.00
-1.85% today
Revenue
₹59.58 Cr
FY 2025-26 · -31.6% YoY
EBITDA
−₹34.35 Cr
Margin -57.6%
Net Profit
−₹14.40 Cr
FY 2025-26 · +46.6% YoY
Authorised capital
₹51.55 Cr
Registered with MCA
Paid-up capital
₹14.1 Cr
Issued & subscribed
Open charges
₹406.17 Cr
Satisfied ₹4,515.02 Cr
About Vipul Limited
Data last updated:
Vipul Limited is a public limited company based in Malviya Naagr, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 05 June 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L65923DL2002PLC167607. Its GSTIN is 03AAACA5396C1Z3 (Punjab). The company holds 5 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 511726 and NSE: VIPULLTD.
The company has an authorised share capital of ₹51.55 Cr and a paid-up capital of ₹14.1 Cr. It was formerly known as Vipul Infrastructure Developers Limited and Analysis Finance Limited. It is led by directors including Punit Beriwala (Managing Director) and Ajay Arjit Singh.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No 201 C – 50, Malviya Naagr, Delhi, India – 110017.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹59.58 Cr, a decline of 31.6% compared to the previous year. For the same year it recorded a net loss of ₹14.4 Cr (net margin -24.2%) and EBITDA of -₹34.35 Cr (EBITDA margin -57.7%).
The company has about 76 employees on its provident fund (EPFO) records. Its group structure includes 12 subsidiaries.
The company is associated with 1 brand: Vipul Group. As per MCA filings, the company has open charges of ₹406.17 Cr and satisfied charges of ₹4,515.02 Cr on record. Court records list 751 cases involving the company, including 282 filed by the company and 487 filed against it; 218 cases are pending. The company has 79 deals on record (77 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹233.92 Cr; the latest was in July 2026. Its 5 peer companies in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 4 larger and 1 smaller; the largest is DLF Info City Developers (Chennai) Limited with revenue of ₹442.35 Cr.
Vipul Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-DL-08-0018891). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vipulgroup.in.
Company details
CIN L65923DL2002PLC167607
Registration Number 167607
Incorporation Date 05 June 1991
ROC Delhi
Listing Status Listed - Listed on NSE (VIPULLTD); Listed on BSE (511726)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-DL-08-0018891
Name history
Vipul has undergone 2 name changes throughout its history. The company was previously known as Vipul Infrastructure Developers Limited, and Analysis Finance Limited. The current legal name is Vipul Limited.
| Company Name | Status |
|---|---|
| Vipul Limited | Current |
| Vipul Infrastructure Developers Limited | Previous |
| Analysis Finance Limited | Previous |
CIN history
Vipul has one previous CIN (Corporate Identification Number): U65923DL2002PLC167607. The current CIN is L65923DL2002PLC167607, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65923DL2002PLC167607 | Current |
| U65923DL2002PLC167607 | Previous |
Recognitions & Rankings of Vipul
Contact details
Vipul Limited's registered office is in Malviya Naagr, Delhi. Its website is vipulgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No 201 C – 50, Malviya Naagr, Delhi, India – 110017
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Vipul Limited, buy the company report.
Comprehensive company report
Vipul Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Vipul operates one associated brand: Vipul Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate properties are developed in India by Vipul. | vipulgroup.in |
Business activity
The main business activity of Vipul is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Vipul Limited, buy the company report.
Financials of Vipul Limited
FY 2025-26 filings availableVipul Limited reported revenue of ₹59.58 Cr (down 31.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹59.58 Cr
-31.6% YoY
EBITDA
−₹34.35 Cr
-163.0% YoY
Profit After Tax
−₹14.40 Cr
+46.6% YoY
Net Worth
-
Total Assets
-
Total Debt
-
Revenue 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 | 59.58 | 87.08 | 206 | 74.92 | 138 | 37.22 | 176 |
| Revenue growth | -31.6% | -57.8% | +175.6% | -45.8% | +271.4% | -78.9% | -21.9% |
| EBITDA | (34.35) | (13.06) | 82.09 | (78.47) | (26.28) | (52.64) | (26.15) |
| EBITDA margin | -57.7% | -15.0% | +39.8% | -104.7% | -19.0% | -141.4% | -14.8% |
| Profit before tax | (7.08) | (28.23) | 287 | (109) | (48.90) | (73.10) | (38.00) |
| Net profit | (14.40) | (26.98) | 229 | (29.60) | (37.59) | (61.32) | (53.18) |
| Net profit margin | -24.2% | -31.0% | +110.8% | -39.5% | -27.2% | -164.8% | -30.1% |
| EPS (₹) | (0.60) | (2.01) | 19.46 | (9.78) | (3.49) | (4.63) | (2.86) |
| Balance sheet | |||||||
| Total assets | - | 465 | 548 | 396 | 852 | 953 | 1,023 |
| Net worth | - | 377 | 352 | 115 | 231 | 272 | 327 |
| Total debt | - | 84.86 | 188 | 266 | 603 | 633 | 641 |
| Cash & bank | - | 40.31 | 48.76 | 20.99 | 44.64 | 59.61 | 18.57 |
| Net working capital | - | 329 | 394 | 245 | 623 | 732 | 810 |
| Cash flow | |||||||
| Cash from operations | - | 42.97 | (112) | 421 | 17.24 | 258 | 116 |
| Cash from investing | - | 11.66 | 207 | 8.81 | 16.08 | 15.98 | 7.48 |
| Cash from financing | - | (76.75) | (138) | (357) | (43.00) | (265) | (115) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.72 | 40.75 | 9.19 | 7.95 | 1.69 | 44.26 | 11.26 | 15.70 |
| Revenue growth (YoY) | +356.8% | -7.9% | -18.4% | -49.4% | -89.3% | +23.7% | -92.8% | - |
| Other income | 20.13 | 10.64 | 3.24 | 10.74 | 11.81 | 3.59 | 2.87 | 3.20 |
| EBITDA | (19.03) | (17.99) | (1.34) | (3.10) | (12.60) | (24.69) | 2.23 | 4.78 |
| EBITDA margin | -246.5% | -44.1% | -14.6% | -39.0% | -745.6% | -55.8% | +19.8% | +30.4% |
| Depreciation | 0.28 | 0.35 | 0.26 | 0.12 | 0.12 | 0.74 | 0.69 | 0.69 |
| Interest | 1.59 | 6.41 | 0.43 | 0.28 | 0.52 | 13.07 | 0.68 | 6.14 |
| Profit before tax | (0.77) | (14.11) | 1.21 | 7.24 | (1.43) | (34.91) | 3.73 | 1.15 |
| Tax | 0.00 | 1.34 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Net profit | (0.77) | (15.45) | 1.21 | 7.24 | (1.43) | (34.94) | 3.73 | 1.15 |
| EPS (₹) | (0.05) | (1.10) | 0.09 | 0.51 | (0.10) | (2.53) | 0.31 | 0.10 |
| 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 | 59.58 | 81.27 | 170 | 37.94 | 122 | 35.67 | 161 |
| Revenue growth | -26.7% | -52.2% | +348.2% | -69.0% | +242.9% | -77.8% | -25.4% |
| EBITDA | (33.97) | (12.03) | 81.18 | (167) | (20.47) | (51.83) | (25.63) |
| EBITDA margin | -57.0% | -14.8% | +47.7% | -441.3% | -16.7% | -145.3% | -15.9% |
| Profit before tax | (14.14) | (21.90) | 292 | (195) | (34.90) | (66.89) | (31.07) |
| Net profit | (14.09) | (23.67) | 240 | (100) | (27.87) | (53.64) | (27.42) |
| Net profit margin | -23.7% | -29.1% | +141.3% | -264.0% | -22.8% | -150.4% | -17.0% |
| EPS (₹) | (1.00) | (1.55) | 20.63 | (16.23) | (2.32) | (4.11) | (2.29) |
| Balance sheet | |||||||
| Total assets | - | 470 | 530 | 379 | 911 | 1,000 | 1,066 |
| Net worth | - | 381 | 353 | 106 | 300 | 327 | 376 |
| Total debt | - | 84.86 | 173 | 239 | 576 | 607 | 616 |
| Cash & bank | - | 31.78 | 48.24 | 18.62 | 41.30 | 57.66 | 16.59 |
| Net working capital | - | 348 | 392 | 224 | 648 | 755 | 833 |
| Cash flow | |||||||
| Cash from operations | - | 17.12 | (86.32) | 364 | 32.60 | 32.42 | 38.42 |
| Cash from investing | - | 12.99 | 207 | 8.81 | 9.92 | 11.65 | 7.29 |
| Cash from financing | - | (60.25) | (86.34) | (375) | (53.59) | (34.97) | (37.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.72 | 40.75 | 9.19 | 7.95 | 1.69 | 40.44 | 10.77 | 15.12 |
| Revenue growth (YoY) | +356.8% | +0.8% | -14.7% | -47.4% | -88.7% | +68.0% | -92.0% | - |
| Other income | 20.12 | 10.15 | 2.99 | 3.37 | 11.80 | 4.87 | 2.53 | 2.84 |
| Total expenses | 26.74 | 58.37 | 10.52 | 10.76 | 13.90 | 63.40 | 8.31 | 9.92 |
| EBITDA | (19.02) | (17.62) | (1.33) | (2.81) | (12.21) | (22.96) | 2.46 | 5.20 |
| EBITDA margin | -246.4% | -43.2% | -14.5% | -35.3% | -722.5% | -56.8% | +22.8% | +34.4% |
| Depreciation | 0.28 | 0.35 | 0.26 | 0.12 | 0.12 | 0.17 | 0.17 | 0.17 |
| Interest | 1.59 | 6.41 | 0.43 | 0.28 | 0.52 | 12.65 | 0.31 | 5.70 |
| Profit before tax | (0.77) | (14.23) | 0.97 | 0.16 | (1.05) | (30.91) | 4.51 | 2.17 |
| Tax | 0.00 | (0.05) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.72 | 40.75 | 9.19 | 7.95 | 1.69 | 44.26 | 11.26 | 15.70 |
| Revenue growth (YoY) | +356.8% | -7.9% | -18.4% | -49.4% | -89.3% | +23.7% | -92.8% | - |
| Other income | 20.13 | 10.64 | 3.24 | 10.74 | 11.81 | 3.59 | 2.87 | 3.20 |
| EBITDA | (19.03) | (17.99) | (1.34) | (3.10) | (12.60) | (24.69) | 2.23 | 4.78 |
| EBITDA margin | -246.5% | -44.1% | -14.6% | -39.0% | -745.6% | -55.8% | +19.8% | +30.4% |
| Depreciation | 0.28 | 0.35 | 0.26 | 0.12 | 0.12 | 0.74 | 0.69 | 0.69 |
| Interest | 1.59 | 6.41 | 0.43 | 0.28 | 0.52 | 13.07 | 0.68 | 6.14 |
| Profit before tax | (0.77) | (14.11) | 1.21 | 7.24 | (1.43) | (34.91) | 3.73 | 1.15 |
| Tax | 0.00 | 1.34 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Net profit | (0.77) | (15.45) | 1.21 | 7.24 | (1.43) | (34.94) | 3.73 | 1.15 |
| EPS (₹) | (0.05) | (1.10) | 0.09 | 0.51 | (0.10) | (2.53) | 0.31 | 0.10 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 59.58 | 87.08 | 206 | 74.92 | 138 | 37.22 | 176 |
| Revenue growth | -31.6% | -57.8% | +175.6% | -45.8% | +271.4% | -78.9% | -21.9% |
| Other income | 35.75 | 12.38 | 232 | 9.94 | 9.52 | 12.62 | 24.64 |
| Total expenses | 93.93 | 100 | 124 | 153 | 165 | 89.86 | 203 |
| Employee cost | 0.00 | 9.14 | 10.13 | 10.14 | 9.62 | 9.55 | 16.67 |
| EBITDA | (34.35) | (13.06) | 82.09 | (78.47) | (26.28) | (52.64) | (26.15) |
| EBITDA margin | -57.7% | -15.0% | +39.8% | -104.7% | -19.0% | -141.4% | -14.8% |
| Depreciation | 0.85 | 2.81 | 2.74 | 2.78 | 3.14 | 3.54 | 4.23 |
| Interest | 7.63 | 24.74 | 24.19 | 38.06 | 29.00 | 29.54 | 32.26 |
| Profit before tax | (7.08) | (28.23) | 287 | (109) | (48.90) | (73.10) | (38.00) |
| Tax | 1.34 | 0.05 | 53.68 | 7.96 | (7.06) | (17.59) | (3.64) |
| Net profit | (14.40) | (26.98) | 229 | (29.60) | (37.59) | (61.32) | (53.18) |
| Net profit margin | -24.2% | -31.0% | +110.8% | -39.5% | -27.2% | -164.8% | -30.1% |
| EPS (₹) | (0.60) | (2.01) | 19.46 | (9.78) | (3.49) | (4.63) | (2.86) |
| 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 | - | 14.10 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves & surplus | - | 363 | 340 | 103 | 219 | 260 | 315 |
| Shareholders' funds (net worth) | - | 377 | 352 | 115 | 231 | 272 | 327 |
| Minority interest | - | 0.00 | 0.00 | 3.15 | 3.15 | 3.15 | 3.15 |
| Secured loans | - | 0.00 | 172 | 114 | 470 | 538 | 367 |
| Unsecured loans | - | 84.86 | 16.10 | 152 | 132 | 95.53 | 275 |
| Total debt | - | 84.86 | 188 | 266 | 603 | 633 | 641 |
| Total liabilities | - | 465 | 548 | 396 | 852 | 953 | 1,023 |
| Assets | |||||||
| Gross block | - | 95.88 | 87.44 | 91.14 | 100 | 106 | 107 |
| Net block | - | 52.12 | 46.49 | 48.20 | 59.21 | 67.06 | 70.40 |
| Capital work in progress | - | 5.12 | 12.11 | 11.94 | 11.84 | 11.79 | 11.77 |
| Investments | - | 2.22 | 6.40 | 6.22 | 6.19 | 6.58 | 6.89 |
| Inventories | - | 440 | 440 | 774 | 951 | 1,023 | 1,037 |
| Sundry debtors | - | 272 | 248 | 125 | 324 | 332 | 383 |
| Cash & bank balances | - | 40.31 | 48.76 | 20.99 | 44.64 | 59.61 | 18.57 |
| Loans & advances | - | 301 | 364 | 319 | 298 | 254 | 251 |
| Total current assets | - | 1,053 | 1,101 | 1,239 | 1,617 | 1,668 | 1,690 |
| Total current liabilities | - | 724 | 708 | 994 | 993 | 936 | 880 |
| Net working capital | - | 329 | 394 | 245 | 623 | 732 | 810 |
| Total assets | - | 465 | 548 | 396 | 852 | 953 | 1,023 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 42.38 | 85.78 | 13.16 | 22.85 | 13.77 | 5.21 |
| Net cash from operating activities | - | 42.97 | (112) | 421 | 17.24 | 258 | 116 |
| Net cash from investing activities | - | 11.66 | 207 | 8.81 | 16.08 | 15.98 | 7.48 |
| Net cash from financing activities | - | (76.75) | (138) | (357) | (43.00) | (265) | (115) |
| Net change in cash | - | (22.12) | (43.41) | 72.62 | (9.69) | 9.08 | 8.57 |
| Closing cash | - | 40.31 | 48.76 | 20.99 | 44.64 | 59.61 | 18.57 |
| 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 | -31.6% | -57.8% | +175.6% | -45.8% | +271.4% | -78.9% | -21.9% |
| EBITDA growth | -163.0% | -115.9% | +204.6% | -198.6% | +50.1% | -101.3% | -189.1% |
| PBT growth | +74.9% | - | +9998.0% | -123.7% | +33.1% | -92.4% | -2122.2% |
| Net income growth | +46.6% | -111.8% | +873.1% | +21.3% | +38.7% | -15.3% | -4568.9% |
| Revenue CAGR (3Y) | -7.4% | -14.3% | +77.0% | -24.8% | -15.1% | -49.2% | -8.7% |
| EBITDA CAGR (3Y) | -24.1% | -20.8% | - | +44.2% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -14.1% | -32.5% | +113.1% | -156.6% | -30.3% | -149.1% | -19.5% |
| Return on capital employed | - | 0.0% | +64.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | 0.0% | +96.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.37 | 0.98 | 2.52 | 2.46 | 2.13 | 1.87 |
| Long-term debt / equity | - | 0.15 | 0.52 | 1.84 | 1.18 | 0.73 | 1.09 |
| Interest cover | -21.68 | -155.89 | 30.49 | -46.84 | -98.57 | -52.58 | -106.19 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.96 | 2.33 | 0.79 | 1.35 | 0.35 | 1.64 |
| Inventory turnover | - | 0.20 | 0.34 | 0.09 | 0.14 | 0.04 | 0.17 |
| Debtors turnover | - | 0.33 | 1.11 | 0.33 | 0.42 | 0.10 | 0.50 |
| EPS (₹) | (0.60) | (2.01) | 19.46 | (9.78) | (3.49) | (4.63) | (2.86) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 26.69 | 29.25 | 9.49 | 19.22 | 22.62 | 27.18 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.72 | 40.75 | 9.19 | 7.95 | 1.69 | 40.44 | 10.77 | 15.12 |
| Revenue growth (YoY) | +356.8% | +0.8% | -14.7% | -47.4% | -88.7% | +68.0% | -92.0% | - |
| Other income | 20.12 | 10.15 | 2.99 | 3.37 | 11.80 | 4.87 | 2.53 | 2.84 |
| Total expenses | 26.74 | 58.37 | 10.52 | 10.76 | 13.90 | 63.40 | 8.31 | 9.92 |
| EBITDA | (19.02) | (17.62) | (1.33) | (2.81) | (12.21) | (22.96) | 2.46 | 5.20 |
| EBITDA margin | -246.4% | -43.2% | -14.5% | -35.3% | -722.5% | -56.8% | +22.8% | +34.4% |
| Depreciation | 0.28 | 0.35 | 0.26 | 0.12 | 0.12 | 0.17 | 0.17 | 0.17 |
| Interest | 1.59 | 6.41 | 0.43 | 0.28 | 0.52 | 12.65 | 0.31 | 5.70 |
| Profit before tax | (0.77) | (14.23) | 0.97 | 0.16 | (1.05) | (30.91) | 4.51 | 2.17 |
| Tax | 0.00 | (0.05) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 59.58 | 81.27 | 170 | 37.94 | 122 | 35.67 | 161 |
| Revenue growth | -26.7% | -52.2% | +348.2% | -69.0% | +242.9% | -77.8% | -25.4% |
| Other income | 28.31 | 12.61 | 232 | 9.02 | 9.27 | 11.00 | 24.46 |
| Total expenses | 93.55 | 93.30 | 88.88 | 205 | 143 | 87.50 | 187 |
| Employee cost | 0.00 | 8.25 | 9.33 | 9.45 | 9.04 | 8.72 | 14.30 |
| EBITDA | (33.97) | (12.03) | 81.18 | (167) | (20.47) | (51.83) | (25.63) |
| EBITDA margin | -57.0% | -14.8% | +47.7% | -441.3% | -16.7% | -145.3% | -15.9% |
| Depreciation | 0.85 | 0.68 | 0.51 | 0.40 | 0.45 | 0.54 | 0.80 |
| Interest | 7.63 | 21.80 | 20.32 | 35.97 | 23.25 | 25.52 | 29.10 |
| Profit before tax | (14.14) | (21.90) | 292 | (195) | (34.90) | (66.89) | (31.07) |
| Tax | (0.05) | 0.00 | 44.53 | 0.00 | (7.06) | (17.55) | (3.65) |
| Net profit | (14.09) | (23.67) | 240 | (100) | (27.87) | (53.64) | (27.42) |
| Net profit margin | -23.7% | -29.1% | +141.3% | -264.0% | -22.8% | -150.4% | -17.0% |
| EPS (₹) | (1.00) | (1.55) | 20.63 | (16.23) | (2.32) | (4.11) | (2.29) |
| 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 | - | 14.10 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 |
| Reserves & surplus | - | 367 | 341 | 93.52 | 288 | 315 | 364 |
| Shareholders' funds (net worth) | - | 381 | 353 | 106 | 300 | 327 | 376 |
| Secured loans | - | 0.00 | 150 | 87.00 | 444 | 486 | 347 |
| Unsecured loans | - | 84.86 | 23.02 | 152 | 132 | 121 | 269 |
| Total debt | - | 84.86 | 173 | 239 | 576 | 607 | 616 |
| Total liabilities | - | 470 | 530 | 379 | 911 | 1,000 | 1,066 |
| Assets | |||||||
| Gross block | - | 11.69 | 11.69 | 15.41 | 15.92 | 17.03 | 17.89 |
| Net block | - | 2.82 | 3.51 | 3.01 | 3.21 | 3.79 | 4.13 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 9.80 | 11.13 | 11.13 | 23.63 | 23.63 | 23.68 |
| Inventories | - | 410 | 406 | 400 | 575 | 650 | 641 |
| Sundry debtors | - | 272 | 248 | 124 | 323 | 332 | 383 |
| Cash & bank balances | - | 31.78 | 48.24 | 18.62 | 41.30 | 57.66 | 16.59 |
| Loans & advances | - | 355 | 412 | 403 | 382 | 348 | 373 |
| Total current assets | - | 1,069 | 1,115 | 946 | 1,321 | 1,387 | 1,414 |
| Total current liabilities | - | 722 | 723 | 722 | 673 | 632 | 580 |
| Net working capital | - | 348 | 392 | 224 | 648 | 755 | 833 |
| Total assets | - | 470 | 530 | 379 | 911 | 1,000 | 1,066 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 41.86 | 7.34 | 9.83 | 20.90 | 11.80 | 3.23 |
| Net cash from operating activities | - | 17.12 | (86.32) | 364 | 32.60 | 32.42 | 38.42 |
| Net cash from investing activities | - | 12.99 | 207 | 8.81 | 9.92 | 11.65 | 7.29 |
| Net cash from financing activities | - | (60.25) | (86.34) | (375) | (53.59) | (34.97) | (37.14) |
| Net change in cash | - | (30.14) | 34.52 | (2.49) | (11.07) | 9.10 | 8.57 |
| Closing cash | - | 31.78 | 48.24 | 18.62 | 41.30 | 57.66 | 16.59 |
| 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 | -26.7% | -52.2% | +348.2% | -69.0% | +242.9% | -77.8% | -25.4% |
| EBITDA growth | -182.4% | -114.8% | +148.5% | -718.0% | +60.5% | -102.2% | -189.7% |
| PBT growth | +35.4% | - | +9998.0% | -458.1% | +47.8% | -115.3% | - |
| Net income growth | +40.5% | -109.9% | +339.9% | -259.4% | +48.0% | -95.6% | -2004.2% |
| Revenue CAGR (3Y) | +16.2% | -12.7% | +68.3% | -38.2% | -17.2% | -49.0% | -10.8% |
| EBITDA CAGR (3Y) | -41.2% | -16.2% | - | +86.9% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | -23.7% | -27.0% | +145.5% | -513.4% | -22.8% | -138.3% | -17.0% |
| Return on capital employed | - | 0.0% | +67.8% | 0.0% | 0.0% | 0.0% | -0.2% |
| Return on net worth | - | 0.0% | +105.0% | 0.0% | 0.0% | 0.0% | -7.0% |
| Debt / equity | - | 0.35 | 0.90 | 2.01 | 1.89 | 1.74 | 1.59 |
| Long-term debt / equity | - | 0.11 | 0.43 | 1.44 | 1.51 | 1.13 | 0.91 |
| Interest cover | -21.91 | -171.52 | 25.19 | -21.43 | -111.14 | -48.73 | -110.10 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 6.95 | 12.55 | 2.42 | 7.42 | 2.04 | 8.22 |
| Inventory turnover | - | 0.20 | 0.42 | 0.08 | 0.20 | 0.06 | 0.26 |
| Debtors turnover | - | 0.31 | 0.91 | 0.17 | 0.37 | 0.10 | 0.45 |
| EPS (₹) | (1.00) | (1.55) | 20.63 | (16.23) | (2.32) | (4.11) | (2.29) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 27.06 | 29.44 | 8.79 | 25.00 | 27.28 | 31.37 |
To see the full year-wise statements and ratios of Vipul Limited, buy the company report.
Board of directors of Vipul Limited
Vipul has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Punit Beriwala Also directs: Millennium Plaza Limited, United Buildwell Private Limited, Urr Housing and Construction Private Limited and 5 more | Managing Director | 30 Oct 2002 | 23 Years 11 Months | Current |
| Ajay Arjit Singh Also directs: High Class Projects Limited, Maxflow Technology & Solutions Private Limited, Innovage Fintech Private Limited and 4 more | Director | 23 Mar 2021 | 5 Years 6 Months | Current |
| Dolly Singhal Also directs: Blowdrybar LLP | Director | 25 Feb 2025 | 1 Years 7 Months | Current |
| Sanjay Sood | Director | 10 Nov 2023 | 2 Years 11 Months | Current |
| Dipesh Jasvantlal Shah Also directs: Srestha Finvest Limited | Additional Director | 26 Jun 2026 | 0 Years 3 Months | Current |
| Sunil Kumar Also directs: Pratyancha Financial Services Limited | Additional Director | 26 Jun 2026 | 0 Years 3 Months | Current |
Peer comparison
Vipul Limited is compared with the 5 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DLF Info City Developers (Chennai) Limited | ₹442.35 Cr (FY 2016) | 33.0% | Gurgaon, Haryana, India | |||
| Ilabs Hyderabad Technology Centre Private Limited | ₹441.39 Cr (FY 2024) | -17.0% | Hyderabad, Telangana, India | |||
| Panchshil Corporate Park Private Limited | ₹441.04 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| Micro Infrastructure India Private Limited | ₹440.5 Cr (FY 2025) | 347.0% | Bangalore, Karnataka, India | |||
| Candor Gurgaon Two Developers & Projects Private Limited | ₹437.73 Cr (FY 2019) | 2.0% | Mumbai, Maharashtra, India | |||
| Vipul Limitedthis company | ₹59.58 Cr (FY 2026) | -₹14.4 Cr | -24.2% | -31.6% | 76 | Malviya Naagr, Delhi, India |
To see the full peer comparison of Vipul Limited, buy the company report.
Auditor
Vipul Limited is audited by JSUS & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JSUS & Associates | FY 2024 | 329784E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 18.20%, foreign institutional investors hold 10.40%, domestic institutional investors hold 2.70% and retail and other public shareholders hold 68.70%.
Sep 2026
QUARTER
18.20% Promoters
2.70% DII (Domestic Institutional)
10.40% FII (Foreign Institutional)
68.70% Retail & Others
Promoter holding - history
Now 18.20% · Sep 2026High 18.20% · Dec 2025Low 18.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 18.20% | 18.20% | 18.20% | 18.20% |
| Public | 81.80% | 81.80% | 81.80% | 81.80% |
Charges & borrowings
Open charges
₹406.17 Cr
Satisfied charges
₹4,515.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2022 | 100575183 | Others | ₹353.17 Cr | Open | |
| 25 Aug 2011 | 10303852 | Others | ₹20 Cr | Open | |
| 30 Jul 2005 | 80029970 | Indian Overseas Bank | ₹33 Cr | Open | |
| 07 Feb 2023 | 100680820 | Others | ₹8 Cr | Satisfied | |
| 24 Dec 2020 | 100430120 | Others | ₹25.2 Cr | Satisfied |
To see the full charge records of Vipul Limited, buy the company report.
Total charge records: 53 View all charges
Deals & funding
Vipul Limited has 79 deals on record (77 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹233.92 Cr; the latest was in July 2026.
Total deals
79
Market trades
77
Funding round
1
Acquisition
1
Disclosed funding
₹233.92 Cr
Deals on record (5 of 79)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹7.96 Cr | Buyer: Algoquant Fintech Limited , Expertpro Realty Private Limited Seller: Expertpro Realty Private Limited , Algoquant Fintech Limited , an individual |
| Feb 2026 | Market trade | ₹1.4 Cr | Buyer: Expertpro Realty Private Limited Seller: Lloyds Enterprises Limited |
| Feb 2026 | Market trade | ₹2.71 Cr | Buyer: Lloyds Enterprises Limited Seller: Sharbhang Commercial Company Private Limited . |
| Feb 2026 | Market trade | ₹1.25 Cr | Buyer: Expertpro Realty Private Limited |
| Apr 2025 | Market trade | ₹1.22 Cr | Buyer: Zeta Global Funds (Oeic) Pcc Limited - Zeta Series B Fund Pc Seller: Marwadi Shares and Finance Limited |
To see the full deal history of Vipul Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vipul Limited has 751 court cases on record: 282 filed by Vipul, 487 filed against it. 218 cases are pending and 533 are disposed.
Total cases
751
Filed by the company
282
Filed against the company
487
Pending
218
Disposed
533
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 407 | 340 | 121 |
| High courts | 239 | 65 | 60 |
| NCLAT | 62 | 50 | 35 |
| NCLT | 22 | 19 | 0 |
| Supreme Court | 21 | 13 | 2 |
Cases on record (5 of 751)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Wild Flower Farms and Estates Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gouri Merchandise Private Limited | Pending |
| District court, Jalandhar, Punjab | Commercial suit | Filed against the company by HDFC Bank Ltd | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gouri Merchandise Private Limited | Pending |
| District court, Khurda, Odisha | Court case (EXECUITION CASES) | Filed against the company by SK Dudhoria Holdings Private Limited | Pending |
To see the full case history of Vipul Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vipul Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Vipul has 12 subsidiary companies and 5 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
12
Subsidiary companies
5
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Entrepreneurs (Calcutta)Pvt Ltd | U24241WB1979PTC032243 | |
| Vipul Eastern Infracon Private Limited | U32201DL1984PTC409162 | |
| Vipul Southern Infracon Limited. | U45200DL2008PLC182660 | |
| United Buildwell Private Limited | U45201DL2005PTC137284 | |
| Ritwiz Builders and Developers Private Limited | U45201DL2005PTC139817 | |
| Urr Housing and Construction Private Limited | U45201DL2005PTC140259 |
To see the full group structure of Vipul Limited, buy the company report.
Employees & EPFO
Vipul Limited has a workforce of 76 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
76
Active EPFO establishments
1
Employee growth
1.33%
GST
Vipul has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACA5396C1Z3 | Punjab | Active | 01 Jul 2017 |
| 06AAACA5396C1ZX | Haryana | Active | 01 Jul 2017 |
| 21AAACA5396C1Z5 | Odisha | Active | 01 Jul 2017 |
| 09AAACA5396C1ZR | Uttar Pradesh | Active | 06 Sep 2018 |
To see the full GST registrations and return filing status of Vipul Limited, buy the company report.
Recent activity
Vipul Limited has 39 board changes on record since 2002: 23 appointments and 16 cessations. The latest: Dipesh Jasvantlal Shah was appointed as Additional Director on 26 Jun 2026.
Appointed
Dipesh Jasvantlal Shah was appointed as Additional Director.
Appointed
Sunil Kumar was appointed as Additional Director.
Filing
Vipul Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge with Indian Overseas Bank of Rs. 33.00 Cr registered on 30 Jul 2005 with Charge ID 80029970 was modified on 23 Feb 2026.
AGM
Vipul Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Ceased
Vishaka Beriwala ceased to be Director.
Charges
A charge registered on 27 Aug 2020 via Charge ID 100387003 with Others was fully satisfied on 13 Mar 2025.
Appointed
Dolly Singhal was appointed as Director.
Ceased
Minaxi Manoj Pareek ceased to be Additional Director.
Appointed
Minaxi Manoj Pareek was appointed as Additional Director.
Appointed
Rajeev Gupta was appointed as Director.
Charges
A charge registered on 16 Aug 2017 via Charge ID 100119061 with Others was fully satisfied on 23 Sep 2024.
157 earlier events are in the company report.
News
Frequently asked questions
Vipul is an active public limited company based in Malviya Naagr, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 05 June 1991 (35+ years old) and is registered under CIN L65923DL2002PLC167607. Listed on BSE: 511726 and NSE: VIPULLTD.
Vipul reported revenue of ₹59.58 Cr for FY 2025-26 (down 31.6% YoY) based on consolidated financials.
Vipul has 6 current directors:
- Punit Beriwala - Managing Director
- Ajay Arjit Singh - Director
- Dolly Singhal - Director
- Sanjay Sood - Director
- Dipesh Jasvantlal Shah - Additional Director
- Sunil Kumar - Additional Director
The latest financial statements of Vipul on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vipul is 03AAACA5396C1Z3, registered in Punjab. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAACA5396C1ZX (Haryana), 21AAACA5396C1Z5 (Odisha), 09AAACA5396C1ZR (Uttar Pradesh).
The CIN (Corporate Identification Number) of Vipul is L65923DL2002PLC167607. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vipul is a listed company as per MCA records. Its shares are listed on both BSE (code: 511726) and NSE (symbol: VIPULLTD).
Vipul has 751 court cases on record: 282 filed by the company and 487 filed against it. 218 are pending. Most are in the district courts.
Vipul was incorporated on 05 June 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.
Vipul has 79 deals on record (77 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹233.92 Cr; the latest was in July 2026.
The peers of Vipul by revenue are DLF Info City Developers (Chennai) Limited, Ilabs Hyderabad Technology Centre Private Limited, Panchshil Corporate Park Private Limited, Micro Infrastructure India Private Limited, Candor Gurgaon Two Developers & Projects Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).