VIP Industries Limited (VIPIND) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of VIP Industries Limited ₹113, price ₹281, upside -59.7%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch VIP Industries Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹260.00 – ₹740.05 · fair‑value band ₹80.15 – ₹157.77 · the ₹280.75 price screens above the ₹113.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 1, 2026.
Follow VIP Industries in your weekly email
Every Wednesday you see whether VIP Industries is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. The company offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags.
Show more
V.I.P. Industries Limited manufactures and retails luggage, backpacks, handbags, and accessories in India and internationally. The company offers hard luggage, soft luggage, duffle bags, backpacks, business satchels, and ladies' handbags. It sells its products under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through exclusive brand outlets and e-commerce platforms. The company also exports its products. V.I.P. Industries Limited was incorporated in 1968 and is headquartered in Mumbai, India.
Stock analysis
VIP Industries Limited (VIPIND) currently trades at ₹280.75, while our model-based Fair Value estimate is ₹113.16, 59.7% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹122.48 per share, and 0 of the 9 models we run sit above the ₹280.75 price.
Bear case: the Asset-Based group reads lowest at ₹13.65, and 9 of the 9 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹80.15 (bear) to ₹157.77 (bull), the price of ₹280.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
VIP Industries Limited reported revenue of ₹18.6B in FY2026 versus ₹12.9B in FY2022, a compound +9.6%/yr. Reported net income was −₹3.4B in FY2026.
Key figures
Market cap ₹39.9B (≈ $414M) · P/S ratio 2.20 · EPS (TTM) ₹−26.65 · Dividend yield 0.0% · Net margin −18.2% · Return on equity −89.1% · Return on assets (EBIT) 0.6% · Operating margin −7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at −60%, VIPIND screens richer than that median.
Fair Value models
Bear ₹80.15Fair Value ₹113.16Bull ₹157.77
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−14.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Start year 2021 (pandemic). Over 10 years: +4.3% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−22.5% (2021) → −19.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +27.8% a year for the price and +8.3% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Footwear & Accessories · 89 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−59.7% · Bottom 25%
Profitability
Return on assets−14.6% · Bottom 25%
Net margin (TTM)−20.2% · Bottom 25%
Operating margin (TTM)−7.4% · Bottom 25%
Growth and dividend
Revenue growth3.0% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/B0.14× · Cheapest 25%
P/S (TTM)0.02× · Cheapest 25%
P/FCF0.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 43
FUTURE (revenue growth)15· sector 2
PAST (return on equity)0· sector 24
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 55
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is VIP Industries Limited (VIPIND) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹113.16 versus a price of ₹280.75, about −60% upside (overvalued).
What is the fair value of VIPIND?
Our model-based fair value for VIP Industries Limited is ₹113.16 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹280.75.
What is the quality score of VIPIND?
VIP Industries Limited has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for VIP Industries Limited (VIPIND)?
Our model-based price target is the fair value of ₹113.16 (as of Oct 1, 2026) from 9 valuation models. Cautious scenario ₹80.15, optimistic scenario ₹157.77. It is a calculation from audited fundamentals, not an analyst target.
What is the VIP Industries Limited stock forecast for 2026?
Our models put fair value at ₹113.16, about −60% upside versus a price of ₹280.75 (overvalued). Cautious scenario ₹80.15, optimistic scenario ₹157.77. The calculation is refreshed regularly with new filings.
What is the revenue of VIP Industries Limited (VIPIND)?
VIP Industries Limited reported trailing-twelve-month revenue of about ₹18.8B (latest available figure, as of Oct 1, 2026).
Does VIP Industries Limited pay a dividend?
VIP Industries Limited currently shows a dividend yield of about 0.01% relative to its recent price (as of Oct 1, 2026).
What growth is priced into VIP Industries Limited (VIPIND)?
For today's price to be fair in a discounted-cash-flow model, VIP Industries Limited would have to grow free cash flow by +33.1 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.7 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of VIPIND use?
Our models discount VIP Industries Limited at 12.4 %: a base by market capitalisation (small), damped by beta 0.06, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For VIP Industries Limited that is +33.1 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has VIP Industries Limited (VIPIND) delivered so far?
Over the past 5 years revenue at VIP Industries Limited grew +24.7 % a year. The price currently implies +33.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of VIP Industries Limited (VIPIND) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into VIP Industries Limited (+33.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of VIP Industries Limited (VIPIND)?
The free-cash-flow yield on the price is 2.29 %: that much free cash flow VIP Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of VIP Industries Limited (VIPIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VIP Industries Limited it is ₹113.16 per share (as of Oct 1, 2026), against a price of ₹280.75. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is VIP Industries Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, VIPIND trades above its calculated fair value: price ₹280.75, fair value ₹113.16, a gap of about −60% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIPIND?
No. The price is what the market pays today (₹280.75); the fair value is what the company's own numbers justify (₹113.16). For VIP Industries Limited the two are ₹167.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is VIP Industries Limited worth?
The market values VIP Industries Limited at about ₹39.9B (market capitalisation, as of Oct 1, 2026). Per share that is ₹280.75; our models calculate a fair value of ₹113.16 per share.
What do the bullish and bearish scenarios say about VIPIND?
Our models span a range for VIP Industries Limited: cautious scenario ₹80.15, base ₹113.16, optimistic ₹157.77 per share (as of Oct 1, 2026, price ₹280.75). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of VIP Industries Limited (VIPIND)?
Balance-sheet figures for VIP Industries Limited (as of Oct 1, 2026): return on equity −89.1%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is VIPIND from its 52-week high?
VIP Industries Limited trades at ₹280.75, about 36% below its 52-week high of ₹439.35 and at the low of ₹280.75 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹113.16 is for.
Which stocks are comparable to VIP Industries Limited?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, Deckers Outdoor Corporation, On Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is VIP Industries Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹280.75, calculated fair value ₹113.16 (−60%), Quality Score 41/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIPIND calculated?
We run VIP Industries Limited through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹113.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. VIP Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of VIP Industries Limited (VIPIND)?
The closing price on Oct 1, 2026 was ₹280.75. Our model-based fair value is ₹113.16, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VIP Industries Limited right now?
The price sits above even our optimistic bull case (₹157.77). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹80.15 to ₹157.77) leaves room in how you read the outcome.
Key figures of VIP Industries Limited
How large is the market capitalisation of VIP Industries Limited (VIPIND)?
The market capitalisation of VIP Industries Limited is ₹39.9B (≈ $414M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of VIP Industries Limited (VIPIND)?
The price-to-sales ratio of VIP Industries Limited is 2.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VIP Industries Limited (VIPIND)?
Earnings per share at VIP Industries Limited are ₹−26.65. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of VIP Industries Limited (VIPIND)?
The dividend yield of VIP Industries Limited is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of VIP Industries Limited (VIPIND)?
The net margin of VIP Industries Limited is −18.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of VIP Industries Limited (VIPIND)?
The return on equity (ROE) of VIP Industries Limited is −89.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of VIP Industries Limited (VIPIND)?
On an EBIT basis the return on assets of VIP Industries Limited is 0.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of VIP Industries Limited (VIPIND)?
The operating margin of VIP Industries Limited is −7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VIP Industries Limited (VIPIND)?
Revenue at VIP Industries Limited is growing +3.0% versus a year earlier (3y avg −3.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at VIP Industries Limited (VIPIND)?
Earnings per share at VIP Industries Limited are growing −93.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does VIP Industries Limited (VIPIND) carry?
The net debt of VIP Industries Limited is ₹6.9B (fiscal year 2026, ≈ 7.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch VIP Industries Limited in the live analysis
One click puts VIP Industries Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
