Vipul Ltd.

•

vipulgroup.inBSE: 511726NSE: VIPULLTD

Market Cap₹ 194 Cr.

Current Price

High / Low₹ 19 / 7

Stock P/E—

Book Value₹ 29

Price to Book0.38

Dividend Yield0.00 %

ROCE-0.7 %

ROE-7.8 %

Face Value₹ 1

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AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

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PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.00x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
Recent results are weak - TTM profit is down 386.5% versus prior year
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -33.3pp
Interest coverage is weak at -0.1x - earnings barely cover interest
Company has a low return on equity of 8.2% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	VIPULLTD	13.78	0.00	194.24	0.00	1.21	-67.70	9.19	-18.38	-0.70	-14.58

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	6	8	6	7	157	36	16	16	11	44	2	8	9
	11	13	12	11	78	20	12	11	9	68	14	11	11
Operating Profit	-5	-5	-6	-3	79	15	3	5	2	-23	-12	-3	-1
OPM %	-77.82%	-57.46%	-102.78%	-43.11%	50.18%	42.91%	21.31%	30.45%	19.80%	-52.85%	-723.08%	-35.22%	-14.58%
	2	3	2	2	14	211	3	3	3	2	12	11	3
Interest	11	6	11	7	10	-3	4	6	1	13	1	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1	0	0	0
Profit before Tax	-14	-8	-15	-8	81	229	2	1	4	-35	-1	8	1
Tax %	0.10%	12.01%	-0.00%	-108.92%	22.41%	11.58%	0.00%	0.00%	0.00%	-0.09%	-0.00%	0.00%	0.00%
Net Profit	0	0	0	0	0	203	2	1	4	-35	-1	7	1
	-1.16	-0.58	-1.28	-1.42	5.27	16.90	0.15	0.10	0.31	-2.53	-0.10	0.51	0.09

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	185	232	284	226	176	37	138	75	206	87	63
	172	213	253	197	203	90	164	59	122	99	103
Operating Profit	13	19	31	29	-26	-52	-26	16	85	-12	-40
OPM %	7.18%	8.15%	10.78%	12.99%	-14.81%	-140.63%	-18.68%	21.57%	41.08%	-13.50%	-63.01%
	11	6	8	7	25	13	9	-85	229	11	28
Interest	33	33	36	33	32	30	29	38	24	25	14
Depreciation	2	6	6	5	4	4	3	3	3	3	1
Profit before Tax	-11	-15	-3	-2	-38	-73	-49	-109	287	-28	-28
Tax %	7.02%	21.78%	-44.44%	170.98%	9.59%	24.06%	14.44%	-7.28%	18.69%	-0.18%	-0.11%
Net Profit	-10	-12	-5	1	-34	-56	-42	-117	234	-28	-28
EPS	0.00	-0.99	0.00	0.10	-2.86	-4.63	-3.49	-9.78	19.48	-1.98	—
Dividend Payout %	0.00%	-5.06%	-12.54%	49.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -9%
5 Years:: -13%
3 Years:: -14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: -16%
5 Years:: -18%
3 Years:: -4%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: -3%
5 Years:: -2%
3 Years:: 8%
Last Year:: -8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	12	12	12	12	12	14
Minority Interest	3	3	3	3	3	3	3	3	0	0
	358	346	354	354	315	260	219	103	340	363
	537	512	745	618	692	677	618	291	180	100
Trade Payables	34	30	39	54	65	83	83	58	55	47
	506	583	542	801	784	805	855	868	667	664
Total Liabilities	1,450	1,487	1,695	1,842	1,872	1,841	1,790	1,335	1,254	1,188
	71	88	92	77	66	62	59	48	46	52
Capital Work in Progress	28	10	11	11	12	12	12	12	12	5
	13	3	15	11	7	7	6	6	6	2
	757	792	921	987	1,037	1,023	951	774	440	440
	0	0	0	329	0	0	0	0	248	272
Cash & Bank	34	18	16	6	19	60	45	21	49	40
	547	576	640	420	732	678	718	474	452	376
Total Assets	1,450	1,487	1,695	1,842	1,872	1,841	1,790	1,335	1,254	1,188

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-45	-53	-171	-3	119	258	19	423	-112	43
Cash from Investing	-18	-1	4	21	7	16	16	9	207	12
Cash from Financing	46	49	165	-26	-115	-265	-43	-357	-138	-77
	-18	-8	4	-8	9	9	-10	73	-43	-22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.51	31.04	20.33	18.25	18.25	18.25	18.25	18.25	18.25
	1.87	7.23	6.13	7.25	9.65	8.81	11.27	13.20	10.42
	0.52	0.52	0.52	0.00	0.00	0.00	0.00	0.00	0.99
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.09	61.20	73.02	74.50	72.11	72.94	70.48	68.55	70.35

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Updates

2026-09-03 - Vipul Limited has informed the Exchange regarding 'Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 '.

2026-09-02

Reasons for Delayed/Non-submission of Financial Results

2026-09-02 - Vipul Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results

2026-09-02

Updates

2026-09-02 - Vipul Limited has informed the Exchange regarding 'Clarification regarding disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.

2026-06-29

Appointment

2026-06-29 - Vipul Limited has informed the Exchange regarding Appointment of as Non- Executive Independent Director of the company w.e.f. Jun 26, 2026.

2026-06-29

Appointment

2026-06-29 - Vipul Limited has informed the Exchange regarding Appointment of MR DIPESH JASVANTLAL SHAH as Non- Executive Independent Director of the company w.e.f. Jun 26, 2026.

2026-06-28

Trading Window

2026-06-28 - Vipul Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-06-11

Disclosure under SEBI Takeover Regulations

2026-06-11 - Sunita Beriwala has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-05

Resignation

2026-06-05 - Vipul Limited has informed the Exchange regarding Resignation of Mr. Rajeev Gupta as Non- Executive Independent Director of the company w.e.f. Jun 04, 2026.

2026-06-05

Resignation of Director/KMP/SMP

2026-06-05 - Vipul Limited has informed the Exchange about Resignation of Director/KMP/SMP

News

Recent coverage and analyst commentary for VIPULLTD

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Vipul Ltd.

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Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

VIPULLTD

13.78

0.00

194.24

0.00

1.21

-67.70

9.19

-18.38

-0.70

-14.58

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

157

Operating Profit

-5

-6

-3

-23

-12

-3

-1

OPM %

-77.82%

-57.46%

-102.78%

-43.11%

50.18%

42.91%

21.31%

30.45%

19.80%

-52.85%

-723.08%

-35.22%

-14.58%

211

Interest

-3

Depreciation

Profit before Tax

-14

-8

-15

-8

229

-35

-1

Tax %

0.10%

12.01%

-0.00%

-108.92%

22.41%

11.58%

0.00%

-0.09%

-0.00%

0.00%

Net Profit

203

-35

-1

-1.16

-0.58

-1.28

-1.42

5.27

16.90

0.15

0.10

0.31

-2.53

-0.10

0.51

0.09

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

185

232

284

226

176

138

206

172

213

253

197

203

164

122

103

Operating Profit

-26

-52

-26

-12

-40

OPM %

7.18%

8.15%

10.78%

12.99%

-14.81%

-140.63%

-18.68%

21.57%

41.08%

-13.50%

-63.01%

-85

229

Interest

Depreciation

Profit before Tax

-11

-15

-3

-2

-38

-73

-49

-109

287

-28

Tax %

7.02%

21.78%

-44.44%

170.98%

9.59%

24.06%

14.44%

-7.28%

18.69%

-0.18%

-0.11%

Net Profit

-10

-12

-5

-34

-56

-42

-117

234

-28

EPS

0.00

-0.99

0.00

0.10

-2.86

-4.63

-3.49

-9.78

19.48

-1.98

—

Dividend Payout %

0.00%

-5.06%

-12.54%

49.36%

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Minority Interest

358

346

354

315

260

219

103

340

363

537

512

745

618

692

677

618

291

180

100

Trade Payables

506

583

542

801

784

805

855

868

667

664

Total Liabilities

1,450

1,487

1,695

1,842

1,872

1,841

1,790

1,335

1,254

1,188

Capital Work in Progress

757

792

921

987

1,037

1,023

951

774

440

329

248

272

Cash & Bank

547

576

640

420

732

678

718

474

452

376

Total Assets

1,450

1,487

1,695

1,842

1,872

1,841

1,790

1,335

1,254

1,188

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-45

-53

-171

-3

119

258

423

-112

Cash from Investing

-18

-1

207

Cash from Financing

165

-26

-115

-265

-43

-357

-138

-77

-18

-8

-10

-43

-22

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.51

31.04

20.33

18.25

1.87

7.23

6.13

7.25

9.65

8.81

11.27

13.20

10.42

0.52

0.00

0.99

Government

0.00

46.09

61.20

73.02

74.50

72.11

72.94

70.48

68.55

70.35

Vipul Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Vipul Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI