VIPCLOTHNGConsumer Discretionary

VIP Clothing Limited

Garments & Apparels · ISIN INE450G01024 · BSE 532613 · NSE EQ · FV ₹2
Last price
₹21
+0.49%today
What this company does

VIP Clothing Limited operates in Garments & Apparels, part of the Consumer Discretionary sector. It booked ₹65 cr of revenue in its latest quarter (Q1 FY27) and kept 3.0% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet46

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation56

What today's price implies, against our models or its peers

Governance & risk71

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 47%
Turns profit into real cash
Watch-outs
! Thin 3.0% net margin
! Profit down 14% vs last year
! 18.5% of promoter stake pledged
! Low 3.9% return on equity

What if I invest in VIPCLOTHNG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹21 +0.49%
latest close · 2026-09-17
1-year return
+13.2%
52-wk low ₹1652-wk high ₹34
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.5Average
LowAverageHigh
P/B ratio0.96Below book
Below bookModerateHigh
EV / EBITDA12.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.9%Weak
WeakFairStrong ▸15%
Return on capital8.6%Fair
WeakFairStrong
Net margin3.0%Thin
ThinDecentStrong
EBITDA margin8.1%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.34Comfortable
LowModerateHigh ▸1
Interest cover2.4×Okay
RiskyOkayStrong ▸5×
Current ratio1.83Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹186 cr
Book value
₹22
EPS
₹0.21
latest quarter
Net debt
₹65 cr
owes more than its cash
Enterprise value
₹251 cr
EBITDA
₹21 cr
annualised
EBIT
₹18 cr
annualised
Operating margin
7.0%
Return on assets
2.3%
Earnings yield
4.08%
P/S
0.72
Sales / share
₹28.7
Tax rate
27.4%
Face value
₹2
Shares
9.0 cr
Working capital
₹99 cr
Current assets
₹217 cr
Current liabilities
₹118 cr
Delivery %
75.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹65 cr
Other Income₹15.9 L
Total Income₹65 cr
Cost of Materials₹15 cr
Purchases of Stock-in-Trade₹32 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹4 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹72.8 L
Other Expenses₹7 cr
Total Expenses₹62 cr
Profit before Tax₹3 cr
Tax Expense₹72.2 L
Net Profit₹2 cr
Net margin on total income2.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹48 cr73.6%
Employee benefit expense₹4 cr6.8%
Finance costs₹2 cr2.9%
Depreciation & amortisation₹72.8 L1.1%
Other expenses₹7 cr11.5%
Tax expense₹72.2 L1.1%
Profit for the period₹2 cr2.9%
Total income ₹65 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue51 cr72 cr65 cr
Total income51 cr72 cr65 cr
Expenses50 cr67 cr62 cr
Profit before tax1 cr4 cr3 cr
Tax43.8 L3.5 L72.2 L
Net profit (owners' share)92.7 L4 cr2 cr
Net margin (owners' share, on revenue)1.8%6.2%3.0%
EPS (₹)0.100.490.21
YoY (latest quarter): total income -1.1% · net profit -13.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹328 cr
Shareholder equity
₹194 cr
parent shareholders
Total debt
₹66 cr
Cash
₹74.5 L
Cash flow · H1 FY26
Operating
₹18 cr
Investing
₹-6 cr
Financing
₹-12 cr
Peer comparison
Garments & Apparels · by market value
CompanyPriceMarket capP/E
Page Industries Limited₹35,020₹39,061 cr50.6
Arvind Limited₹542₹14,198 cr66.4
Gokaldas Exports Limited₹728₹5,331 cr30.1
Pearl Global Industries Limited₹1,143₹5,279 cr13.1
Lux Industries Limited₹1,043₹3,263 cr35.4
Kewal Kiran Clothing Limited₹490₹3,036 cr20.4
S. P. Apparels Limited₹1,003₹2,522 cr25.4
Kitex Garments Limited₹121₹2,406 cr
SBC Exports Limited₹48₹2,298 cr60.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.3
ex 16 Sep 2015
ActionDetailEx-date
Rights issue4:117 Nov 2017
Dividend₹0.3 / share16 Sep 2015
Dividend₹0.2 / share16 Sep 2014
Dividend₹0.25 / share6 Aug 2013
Dividend₹0.3 / share14 Aug 2012
Who owns it · 2026-06-30
18.5% pledged
Promoter
46.5%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
53.4%
Promoter stake down 3.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtAvyukta Kapil Pathare · Promoter Group19.50 L · ₹4.4 cr12 Sep 26
BoughtKanishk Sunil Pathare · Promoter Group19.50 L · ₹4.4 cr12 Sep 26
BoughtKapil Jaykumar Pathare · Promoter and Director22.50 L · ₹5.1 cr12 Sep 26
Bulk / block deals
SoldL7 HITECH PRIVATE LIMITED · NSE4.50 L @ ₹44.652 Jan 25
BoughtL7 HITECH PRIVATE LIMITED · NSE9,750 @ ₹45.232 Jan 25
SoldADITINIRAVSATRA · NSE4.67 L @ ₹45.251 Jan 25
Stake changes
BoughtKanishk Sunil Pathare alongwith PAC · promoter→ 0.53%25 Jan 23
BoughtKapil Jaykumar Pathare alongwith PAC · promoter→ 17.94%25 Jan 23
BoughtSunil Jaykumar Pathare alongwith PAC · promoter→ 20.27%25 Jan 23
Promoter pledges
ReleasedComfort Fincap Ltd17.00 L · 2.78% held21 Oct 24
ReleasedIIFL Wealth finance Ltd55.00 L · 6.66% held26 Dec 17
ReleasedIIFL Wealth Finance Ltd55.00 L · 6.66% held26 Dec 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 18 Sep 2025
See the official result
1
1 - To receive, consider, approve and adopt the Audited Financial Statements of the Company comprising of Balance Sheet as at March 31, 2025, Statement of Profit and Loss for the financial year ended March 31, 2025 together with the Management Report, Directors’ Report and Auditors’ Report thereon.
Backed by 100% of shareholders other than promotersneeded 50%
25.37 L votes for, 94 against · 0% of mutual funds and other big investors said no
2
2 - To appoint a Director in place of Mr. Sunil J. Pathare (DIN: 00192182), who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
25.36 L votes for, 399 against · 0% of mutual funds and other big investors said no
3
3 - To appoint M/s. DMKH & Co, Chartered Accountants (Firm Registration No. 116886W) as the Statutory Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
25.36 L votes for, 649 against · 0% of mutual funds and other big investors said no
4
4 - To appoint M/s. KRS AND CO., Practicing Company Secretaries, as the Secretarial Auditors of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
25.36 L votes for, 399 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 46.5% between them · as of 2026-06-30
Sunil Jaykumar Pathare18.85%
Kapil Jaykumar Pathare16.72%
Lalita Jaykumar Pathare8.14%
Kanishk Sunil Pathare1.04%
Heena Sunil Pathare0.93%
Ashwini Kapil Pathare0.76%
Maxwell Capital Management P Ltd0.11%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in Oct 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside.

To raise further capital in order to meet the funding requirement for business growth which includes investments which may be in subsidiaries and other investment / acquisition opportunities, exploring new initiatives, capital expenditure, working capital, and other general corporate purposes.
0%
of what was set aside
Spent by quarter: 22%0%0%0%0%0% (to Jun 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Money raised in Oct 2024 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside.

To raise further capital in order to meet the funding requirement for business growth which includes investments which may be in subsidiaries and other investment / acquisition opportunities, exploring new initiatives, capital expenditure, working capital, and other general corporate purposes.
0%
of what was set aside
Spent by quarter: 3%0%0%0%0%0% (to Jun 2026)

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.