Vipul Ltd.
•₹ 15.761.94%
2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 667.10 | 37.14 | 165128.04 | 1.20 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1206.00 | 29.21 | 120500.93 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | PHOENIXLTD | 1915.15 | 53.51 | 68497.97 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 4. | PRESTIGE | 1575.00 | 59.57 | 67840.01 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 5. | OBEROIRLTY | 1859.00 | 25.70 | 67593.66 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 6. | GODREJPROP | 1994.95 | 37.55 | 60093.18 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 631.25 | 39.26 | 22717.23 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 586.05 | 27.51 | 19120.43 | 0.26 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1395.75 | 0.00 | 15589.92 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1274.40 | 59.10 | 13630.20 | 0.47 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 785.75 | 10.59 | 11054.40 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | VIPULLTD | 15.17 | 0.00 | 213.84 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 4 | 2 | 2 | 14 | 214 | 3 | 3 | 3 | 4 | 12 | 3 | 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 |
| -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 | -1 | -1 | -1 | 5 | 17 | 0 | 0 | 0 | -3 | -0 | 1 | 0 | |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Dec 2022
- 6
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 11
- Depreciation
- 1
- -14
- Tax %
- 0.10%
- Net Profit
- 0
- -1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2023
- 8
- 13
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 6
- Depreciation
- 1
- -8
- Tax %
- 12.01%
- Net Profit
- 0
- -1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2023
- 6
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 11
- Depreciation
- 1
- -15
- Tax %
- -0.00%
- Net Profit
- 0
- -1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 7
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 1
- -8
- Tax %
- -108.92%
- Net Profit
- 0
- -1
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 157
- 78
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 10
- Depreciation
- 1
- 81
- Tax %
- 22.41%
- Net Profit
- 0
- 5
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 36
- 20
- Operating Profit
- —
- OPM %
- —
- Other Income
- 214
- Interest
- -3
- Depreciation
- 1
- 229
- Tax %
- 11.58%
- Net Profit
- 203
- 17
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 12
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 16
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 4
- Depreciation
- 1
- 2
- Tax %
- 0.00%
- Net Profit
- 2
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 16
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 6
- Depreciation
- 1
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 11
- 9
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 1
- Depreciation
- 1
- 4
- Tax %
- 0.00%
- Net Profit
- 4
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 44
- 68
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 13
- Depreciation
- 1
- -35
- Tax %
- -0.09%
- Net Profit
- -35
- -3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2
- 14
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 1
- Depreciation
- 0
- -1
- Tax %
- -0.00%
- Net Profit
- -1
- -0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 8
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 0.00%
- Net Profit
- 7
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 9
- 11
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 25 | 25 | 38 | 36 | -2 | -41 | -16 | 26 | 317 | 0 | — |
| OPM % | 13 | 11 | 13 | 16 | -1 | -111 | -12 | 35 | 153 | 1 | — |
| Other Income | 11 | 6 | 8 | 7 | 25 | 11 | 10 | 10 | 232 | 12 | 22 |
| Interest | 33 | 33 | 36 | 33 | 32 | 30 | 29 | 38 | 24 | 25 | 14 |
| Depreciation | 2 | 6 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 1 |
| -11 | -15 | -3 | -2 | -38 | -73 | -49 | -109 | 287 | -28 | -28 | |
| Tax % | 7 | 22 | -44 | 171 | 10 | 24 | 14 | -7 | 19 | -0 | -0 |
| Net Profit | -10 | -12 | -5 | 1 | -34 | -56 | -42 | -117 | 234 | -28 | -28 |
| EPS | 0 | -1 | 0 | 0 | -3 | -5 | -3 | -10 | 19 | -2 | — |
| Dividend Payout % | 0 | -5 | -13 | 49 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | -1 | -1 | -0 | 0 | -3 | -5 | -3 | -10 | 19 | -2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | -1 | -1 | -0 | 0 | -3 | -5 | -3 | -10 | 19 | -2 | — |
Mar 2016
- 185
- 172
- Operating Profit
- 25
- OPM %
- 13
- Other Income
- 11
- Interest
- 33
- Depreciation
- 2
- -11
- Tax %
- 7
- Net Profit
- -10
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2017
- 232
- 213
- Operating Profit
- 25
- OPM %
- 11
- Other Income
- 6
- Interest
- 33
- Depreciation
- 6
- -15
- Tax %
- 22
- Net Profit
- -12
- EPS
- -1
- Dividend Payout %
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2018
- 284
- 253
- Operating Profit
- 38
- OPM %
- 13
- Other Income
- 8
- Interest
- 36
- Depreciation
- 6
- -3
- Tax %
- -44
- Net Profit
- -5
- EPS
- 0
- Dividend Payout %
- -13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2019
- 226
- 197
- Operating Profit
- 36
- OPM %
- 16
- Other Income
- 7
- Interest
- 33
- Depreciation
- 5
- -2
- Tax %
- 171
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 176
- 203
- Operating Profit
- -2
- OPM %
- -1
- Other Income
- 25
- Interest
- 32
- Depreciation
- 4
- -38
- Tax %
- 10
- Net Profit
- -34
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2021
- 37
- 90
- Operating Profit
- -41
- OPM %
- -111
- Other Income
- 11
- Interest
- 30
- Depreciation
- 4
- -73
- Tax %
- 24
- Net Profit
- -56
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
Mar 2022
- 138
- 164
- Operating Profit
- -16
- OPM %
- -12
- Other Income
- 10
- Interest
- 29
- Depreciation
- 3
- -49
- Tax %
- 14
- Net Profit
- -42
- EPS
- -3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2023
- 75
- 59
- Operating Profit
- 26
- OPM %
- 35
- Other Income
- 10
- Interest
- 38
- Depreciation
- 3
- -109
- Tax %
- -7
- Net Profit
- -117
- EPS
- -10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -10
Mar 2024
- 206
- 122
- Operating Profit
- 317
- OPM %
- 153
- Other Income
- 232
- Interest
- 24
- Depreciation
- 3
- 287
- Tax %
- 19
- Net Profit
- 234
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2025
- 87
- 99
- Operating Profit
- 0
- OPM %
- 1
- Other Income
- 12
- Interest
- 25
- Depreciation
- 3
- -28
- Tax %
- -0
- Net Profit
- -28
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
TTM
- 63
- 103
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 14
- Depreciation
- 1
- -28
- Tax %
- -0
- Net Profit
- -28
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -0
- Adjusted EPS
- —
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:
- -14%
- 5 Years:
- -12%
- 3 Years:
- 0%
- 1 Year:
- 57%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 14 |
| 358 | 346 | 354 | 354 | 315 | 260 | 219 | 103 | 340 | 363 | |
| 185 | 186 | 255 | 125 | 307 | 532 | 498 | 195 | 164 | 76 | |
| Trade Payables | 34 | 30 | 39 | 54 | 65 | 83 | 83 | 58 | 55 | 47 |
| 861 | 912 | 1,035 | 1,298 | 1,173 | 954 | 978 | 967 | 683 | 689 | |
| Total Liabilities | 1,450 | 1,487 | 1,695 | 1,842 | 1,872 | 1,841 | 1,790 | 1,335 | 1,254 | 1,188 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 379 | 457 | 663 | 652 | 641 | 633 | 603 | 266 | 188 | 85 |
| Net Working Capital | 469 | 416 | 584 | 599 | 503 | 200 | 125 | 50 | 214 | 244 |
| Contingent Liabilities | 286 | 165 | 170 | 163 | 121 | 138 | 147 | 504 | 479 | 436 |
| Book Value per Share | 30.80 | 29.77 | 30.42 | 30.44 | 27.18 | 22.62 | 19.22 | 9.49 | 29.25 | 26.69 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 379 | 457 | 663 | 652 | 641 | 633 | 603 | 266 | 188 | 85 |
| Net Working Capital | 469 | 416 | 584 | 599 | 503 | 200 | 125 | 50 | 214 | 244 |
| Contingent Liabilities | 286 | 165 | 170 | 163 | 121 | 138 | 147 | 504 | 479 | 436 |
| Book Value per Share | 30.80 | 29.77 | 30.42 | 30.44 | 27.18 | 22.62 | 19.22 | 9.49 | 29.25 | 26.69 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 12
- 358
- 185
- Trade Payables
- 34
- 861
- Total Liabilities
- 1,450
- 71
- Capital Work in Progress
- 28
- 13
- 757
- 0
- Cash & Bank
- 34
- 547
- Total Assets
- 1,450
- Total Debt
- 379
- Net Working Capital
- 469
- Contingent Liabilities
- 286
- Book Value per Share
- 30.80
- Face Value
- 1.00
- Total Debt
- 379
- Net Working Capital
- 469
- Contingent Liabilities
- 286
- Book Value per Share
- 30.80
- Face Value
- 1.00
Mar 2017
- Equity Capital
- 12
- 346
- 186
- Trade Payables
- 30
- 912
- Total Liabilities
- 1,487
- 88
- Capital Work in Progress
- 10
- 3
- 792
- 0
- Cash & Bank
- 18
- 576
- Total Assets
- 1,487
- Total Debt
- 457
- Net Working Capital
- 416
- Contingent Liabilities
- 165
- Book Value per Share
- 29.77
- Face Value
- 1.00
- Total Debt
- 457
- Net Working Capital
- 416
- Contingent Liabilities
- 165
- Book Value per Share
- 29.77
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 12
- 354
- 255
- Trade Payables
- 39
- 1,035
- Total Liabilities
- 1,695
- 92
- Capital Work in Progress
- 11
- 15
- 921
- 0
- Cash & Bank
- 16
- 640
- Total Assets
- 1,695
- Total Debt
- 663
- Net Working Capital
- 584
- Contingent Liabilities
- 170
- Book Value per Share
- 30.42
- Face Value
- 1.00
- Total Debt
- 663
- Net Working Capital
- 584
- Contingent Liabilities
- 170
- Book Value per Share
- 30.42
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 12
- 354
- 125
- Trade Payables
- 54
- 1,298
- Total Liabilities
- 1,842
- 77
- Capital Work in Progress
- 11
- 11
- 987
- 329
- Cash & Bank
- 6
- 420
- Total Assets
- 1,842
- Total Debt
- 652
- Net Working Capital
- 599
- Contingent Liabilities
- 163
- Book Value per Share
- 30.44
- Face Value
- 1.00
- Total Debt
- 652
- Net Working Capital
- 599
- Contingent Liabilities
- 163
- Book Value per Share
- 30.44
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 12
- 315
- 307
- Trade Payables
- 65
- 1,173
- Total Liabilities
- 1,872
- 66
- Capital Work in Progress
- 12
- 7
- 1,037
- 0
- Cash & Bank
- 19
- 732
- Total Assets
- 1,872
- Total Debt
- 641
- Net Working Capital
- 503
- Contingent Liabilities
- 121
- Book Value per Share
- 27.18
- Face Value
- 1.00
- Total Debt
- 641
- Net Working Capital
- 503
- Contingent Liabilities
- 121
- Book Value per Share
- 27.18
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 12
- 260
- 532
- Trade Payables
- 83
- 954
- Total Liabilities
- 1,841
- 62
- Capital Work in Progress
- 12
- 7
- 1,023
- 0
- Cash & Bank
- 60
- 678
- Total Assets
- 1,841
- Total Debt
- 633
- Net Working Capital
- 200
- Contingent Liabilities
- 138
- Book Value per Share
- 22.62
- Face Value
- 1.00
- Total Debt
- 633
- Net Working Capital
- 200
- Contingent Liabilities
- 138
- Book Value per Share
- 22.62
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 12
- 219
- 498
- Trade Payables
- 83
- 978
- Total Liabilities
- 1,790
- 59
- Capital Work in Progress
- 12
- 6
- 951
- 0
- Cash & Bank
- 45
- 718
- Total Assets
- 1,790
- Total Debt
- 603
- Net Working Capital
- 125
- Contingent Liabilities
- 147
- Book Value per Share
- 19.22
- Face Value
- 1.00
- Total Debt
- 603
- Net Working Capital
- 125
- Contingent Liabilities
- 147
- Book Value per Share
- 19.22
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 12
- 103
- 195
- Trade Payables
- 58
- 967
- Total Liabilities
- 1,335
- 48
- Capital Work in Progress
- 12
- 6
- 774
- 0
- Cash & Bank
- 21
- 474
- Total Assets
- 1,335
- Total Debt
- 266
- Net Working Capital
- 50
- Contingent Liabilities
- 504
- Book Value per Share
- 9.49
- Face Value
- 1.00
- Total Debt
- 266
- Net Working Capital
- 50
- Contingent Liabilities
- 504
- Book Value per Share
- 9.49
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 12
- 340
- 164
- Trade Payables
- 55
- 683
- Total Liabilities
- 1,254
- 46
- Capital Work in Progress
- 12
- 6
- 440
- 248
- Cash & Bank
- 49
- 452
- Total Assets
- 1,254
- Total Debt
- 188
- Net Working Capital
- 214
- Contingent Liabilities
- 479
- Book Value per Share
- 29.25
- Face Value
- 1.00
- Total Debt
- 188
- Net Working Capital
- 214
- Contingent Liabilities
- 479
- Book Value per Share
- 29.25
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 14
- 363
- 76
- Trade Payables
- 47
- 689
- Total Liabilities
- 1,188
- 52
- Capital Work in Progress
- 5
- 2
- 440
- 272
- Cash & Bank
- 40
- 376
- Total Assets
- 1,188
- Total Debt
- 85
- Net Working Capital
- 244
- Contingent Liabilities
- 436
- Book Value per Share
- 26.69
- Face Value
- 1.00
- Total Debt
- 85
- Net Working Capital
- 244
- Contingent Liabilities
- 436
- Book Value per Share
- 26.69
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -46 | -56 | -166 | -3 | 116 | 258 | 17 | 421 | -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 | |
| Free Cash Flow | -75 | -62 | -176 | -3 | 116 | 258 | 17 | 421 | -112 | 42 |
| OCF / Net Profit | 4.65 | 4.74 | 34.25 | -2.82 | -3.38 | -4.66 | -0.41 | -3.58 | -0.48 | -1.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -199 | 134 | 213 | 809 | 700 | 626 |
| OCF / Net Profit | 4.65 | 4.74 | 34.25 | -2.82 | -3.38 | -4.66 | -0.41 | -3.58 | -0.48 | -1.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -199 | 134 | 213 | 809 | 700 | 626 |
Mar 2016
- -46
- Cash from Investing
- -18
- Cash from Financing
- 46
- -18
- Free Cash Flow
- -75
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.65
- Cumulative 5-Year FCF
- 0
Mar 2017
- -56
- Cash from Investing
- -1
- Cash from Financing
- 49
- -8
- Free Cash Flow
- -62
- OCF / Net Profit
- 4.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.74
- Cumulative 5-Year FCF
- 0
Mar 2018
- -166
- Cash from Investing
- 4
- Cash from Financing
- 165
- 4
- Free Cash Flow
- -176
- OCF / Net Profit
- 34.25
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 34.25
- Cumulative 5-Year FCF
- 0
Mar 2019
- -3
- Cash from Investing
- 21
- Cash from Financing
- -26
- -8
- Free Cash Flow
- -3
- OCF / Net Profit
- -2.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.82
- Cumulative 5-Year FCF
- 0
Mar 2020
- 116
- Cash from Investing
- 7
- Cash from Financing
- -115
- 9
- Free Cash Flow
- 116
- OCF / Net Profit
- -3.38
- Cumulative 5-Year FCF
- -199
- OCF / Net Profit
- -3.38
- Cumulative 5-Year FCF
- -199
Mar 2021
- 258
- Cash from Investing
- 16
- Cash from Financing
- -265
- 9
- Free Cash Flow
- 258
- OCF / Net Profit
- -4.66
- Cumulative 5-Year FCF
- 134
- OCF / Net Profit
- -4.66
- Cumulative 5-Year FCF
- 134
Mar 2022
- 17
- Cash from Investing
- 16
- Cash from Financing
- -43
- -10
- Free Cash Flow
- 17
- OCF / Net Profit
- -0.41
- Cumulative 5-Year FCF
- 213
- OCF / Net Profit
- -0.41
- Cumulative 5-Year FCF
- 213
Mar 2023
- 421
- Cash from Investing
- 9
- Cash from Financing
- -357
- 73
- Free Cash Flow
- 421
- OCF / Net Profit
- -3.58
- Cumulative 5-Year FCF
- 809
- OCF / Net Profit
- -3.58
- Cumulative 5-Year FCF
- 809
Mar 2024
- -112
- Cash from Investing
- 207
- Cash from Financing
- -138
- -43
- Free Cash Flow
- -112
- OCF / Net Profit
- -0.48
- Cumulative 5-Year FCF
- 700
- OCF / Net Profit
- -0.48
- Cumulative 5-Year FCF
- 700
Mar 2025
- 43
- Cash from Investing
- 12
- Cash from Financing
- -77
- -22
- Free Cash Flow
- 42
- OCF / Net Profit
- -1.52
- Cumulative 5-Year FCF
- 626
- OCF / Net Profit
- -1.52
- Cumulative 5-Year FCF
- 626
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -0.82 | -0.99 | -0.40 | 0.10 | -2.89 | -4.59 | -3.45 | -9.75 | 19.48 | -1.98 |
| Book Value (₹) | 30.80 | 29.77 | 30.42 | 30.44 | 27.18 | 22.62 | 19.22 | 9.49 | 29.25 | 26.69 |
| Dividend per Share (₹) | 0.00 | 0.05 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.67 | -0.45 | 0.07 | 0.52 | -2.51 | -4.33 | -3.22 | -9.55 | 19.69 | -1.81 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 13.34% | 10.69% | 13.43% | 12.99% | -14.81% | -110.60% | -11.80% | 34.79% | 41.08% | -13.50% |
| Net Margin % | -5.35% | -5.11% | -1.70% | 0.54% | -19.46% | -149.17% | -30.26% | -156.63% | 113.08% | -32.49% |
| ROE % | -2.64% | -3.26% | -1.34% | 0.33% | -9.94% | -18.58% | -16.67% | -68.15% | 100.47% | -7.78% |
| ROCE % | 3.20% | 2.35% | 3.52% | 3.08% | -0.58% | -4.65% | -2.29% | -11.75% | 67.76% | -0.70% |
| -0.71% | -0.81% | -0.30% | 0.07% | -1.85% | -2.99% | -2.30% | -7.51% | 18.04% | -2.32% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 330 | 301 | 258 | 442 | 737 | 3505 | 865 | 1092 | 330 | 1091 |
| Inventory Days | 1448 | 1218 | 1101 | 1541 | 2093 | 0 | 2605 | 4200 | 1073 | 1844 |
| Payable Days | 568 | 329 | 223 | -5635 | -1300 | 1342 | 3061 | -3090 | 862 | 0 |
| 1210 | 1190 | 1136 | 7617 | 4130 | 2163 | 409 | 8383 | 540 | 2935 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.02x | 1.28x | 1.82x | 1.79x | 1.97x | 2.33x | 2.61x | 2.34x | 0.54x | 0.23x |
| Interest Coverage (x) | 0.68x | 0.55x | 0.91x | 0.95x | -0.18x | -1.48x | -0.69x | -1.87x | 12.87x | -0.14x |
| 1.64x | 1.51x | 1.68x | 1.59x | 1.42x | 1.14x | 1.08x | 1.04x | 1.24x | 1.30x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -20.99% | 25.54% | 22.32% | -20.44% | -21.88% | -78.91% | 271.46% | -45.81% | 175.62% | -57.83% |
| Operating Profit Growth % | 80.35% | 0.58% | 53.64% | -4.34% | -104.24% | -2561.88% | 60.37% | 259.78% | 1115.04% | -99.85% |
| Net Profit Growth % | 12.00% | -19.79% | 59.20% | 125.13% | -3037.61% | -61.64% | 24.66% | -180.54% | 299.00% | -112.12% |
| 0.00% | 0.00% | 0.00% | 125.40% | -2954.34% | 0.00% | 0.00% | 0.00% | 299.72% | -110.18% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 363.28x | 0.00x | 0.00x | 0.00x | 0.00x | 1.38x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 1.21x | 0.54x | 0.00x | 0.00x | 0.00x | 0.92x | 0.38x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 29.82x | -515.53x | 0.00x | 0.00x | 0.00x | 1.46x | 398.30x |
Mar 2016
- EPS (₹)
- -0.82
- Book Value (₹)
- 30.80
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.67
- Operating Margin %
- 13.34%
- Net Margin %
- -5.35%
- ROE %
- -2.64%
- ROCE %
- 3.20%
- -0.71%
- Debtor Days
- 330
- Inventory Days
- 1448
- Payable Days
- 568
- 1210
- Debt to Equity (x)
- 1.02x
- Interest Coverage (x)
- 0.68x
- 1.64x
- Revenue Growth %
- -20.99%
- Operating Profit Growth %
- 80.35%
- Net Profit Growth %
- 12.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -0.99
- Book Value (₹)
- 29.77
- Dividend per Share (₹)
- 0.05
- Cash EPS (₹)
- -0.45
- Operating Margin %
- 10.69%
- Net Margin %
- -5.11%
- ROE %
- -3.26%
- ROCE %
- 2.35%
- -0.81%
- Debtor Days
- 301
- Inventory Days
- 1218
- Payable Days
- 329
- 1190
- Debt to Equity (x)
- 1.28x
- Interest Coverage (x)
- 0.55x
- 1.51x
- Revenue Growth %
- 25.54%
- Operating Profit Growth %
- 0.58%
- Net Profit Growth %
- -19.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- -0.40
- Book Value (₹)
- 30.42
- Dividend per Share (₹)
- 0.05
- Cash EPS (₹)
- 0.07
- Operating Margin %
- 13.43%
- Net Margin %
- -1.70%
- ROE %
- -1.34%
- ROCE %
- 3.52%
- -0.30%
- Debtor Days
- 258
- Inventory Days
- 1101
- Payable Days
- 223
- 1136
- Debt to Equity (x)
- 1.82x
- Interest Coverage (x)
- 0.91x
- 1.68x
- Revenue Growth %
- 22.32%
- Operating Profit Growth %
- 53.64%
- Net Profit Growth %
- 59.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.10
- Book Value (₹)
- 30.44
- Dividend per Share (₹)
- 0.05
- Cash EPS (₹)
- 0.52
- Operating Margin %
- 12.99%
- Net Margin %
- 0.54%
- ROE %
- 0.33%
- ROCE %
- 3.08%
- 0.07%
- Debtor Days
- 442
- Inventory Days
- 1541
- Payable Days
- -5635
- 7617
- Debt to Equity (x)
- 1.79x
- Interest Coverage (x)
- 0.95x
- 1.59x
- Revenue Growth %
- -20.44%
- Operating Profit Growth %
- -4.34%
- Net Profit Growth %
- 125.13%
- 125.40%
- P/E (x)
- 363.28x
- P/B (x)
- 1.21x
- Dividend Yield %
- 0.14%
- 29.82x
Mar 2020
- EPS (₹)
- -2.89
- Book Value (₹)
- 27.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.51
- Operating Margin %
- -14.81%
- Net Margin %
- -19.46%
- ROE %
- -9.94%
- ROCE %
- -0.58%
- -1.85%
- Debtor Days
- 737
- Inventory Days
- 2093
- Payable Days
- -1300
- 4130
- Debt to Equity (x)
- 1.97x
- Interest Coverage (x)
- -0.18x
- 1.42x
- Revenue Growth %
- -21.88%
- Operating Profit Growth %
- -104.24%
- Net Profit Growth %
- -3037.61%
- -2954.34%
- P/E (x)
- 0.00x
- P/B (x)
- 0.54x
- Dividend Yield %
- 0.00%
- -515.53x
Mar 2021
- EPS (₹)
- -4.59
- Book Value (₹)
- 22.62
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.33
- Operating Margin %
- -110.60%
- Net Margin %
- -149.17%
- ROE %
- -18.58%
- ROCE %
- -4.65%
- -2.99%
- Debtor Days
- 3505
- Inventory Days
- 0
- Payable Days
- 1342
- 2163
- Debt to Equity (x)
- 2.33x
- Interest Coverage (x)
- -1.48x
- 1.14x
- Revenue Growth %
- -78.91%
- Operating Profit Growth %
- -2561.88%
- Net Profit Growth %
- -61.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -3.45
- Book Value (₹)
- 19.22
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -3.22
- Operating Margin %
- -11.80%
- Net Margin %
- -30.26%
- ROE %
- -16.67%
- ROCE %
- -2.29%
- -2.30%
- Debtor Days
- 865
- Inventory Days
- 2605
- Payable Days
- 3061
- 409
- Debt to Equity (x)
- 2.61x
- Interest Coverage (x)
- -0.69x
- 1.08x
- Revenue Growth %
- 271.46%
- Operating Profit Growth %
- 60.37%
- Net Profit Growth %
- 24.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -9.75
- Book Value (₹)
- 9.49
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -9.55
- Operating Margin %
- 34.79%
- Net Margin %
- -156.63%
- ROE %
- -68.15%
- ROCE %
- -11.75%
- -7.51%
- Debtor Days
- 1092
- Inventory Days
- 4200
- Payable Days
- -3090
- 8383
- Debt to Equity (x)
- 2.34x
- Interest Coverage (x)
- -1.87x
- 1.04x
- Revenue Growth %
- -45.81%
- Operating Profit Growth %
- 259.78%
- Net Profit Growth %
- -180.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 19.48
- Book Value (₹)
- 29.25
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 19.69
- Operating Margin %
- 41.08%
- Net Margin %
- 113.08%
- ROE %
- 100.47%
- ROCE %
- 67.76%
- 18.04%
- Debtor Days
- 330
- Inventory Days
- 1073
- Payable Days
- 862
- 540
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 12.87x
- 1.24x
- Revenue Growth %
- 175.62%
- Operating Profit Growth %
- 1115.04%
- Net Profit Growth %
- 299.00%
- 299.72%
- P/E (x)
- 1.38x
- P/B (x)
- 0.92x
- Dividend Yield %
- 0.00%
- 1.46x
Mar 2025
- EPS (₹)
- -1.98
- Book Value (₹)
- 26.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -1.81
- Operating Margin %
- -13.50%
- Net Margin %
- -32.49%
- ROE %
- -7.78%
- ROCE %
- -0.70%
- -2.32%
- Debtor Days
- 1091
- Inventory Days
- 1844
- Payable Days
- 0
- 2935
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- -0.14x
- 1.30x
- Revenue Growth %
- -57.83%
- Operating Profit Growth %
- -99.85%
- Net Profit Growth %
- -112.12%
- -110.18%
- P/E (x)
- 0.00x
- P/B (x)
- 0.38x
- Dividend Yield %
- 0.00%
- 398.30x
Documents
Announcements
- 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.
- 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.
Annual Reports
Credit Ratings
Nothing filed yet.