V.I.P. Industries Limited (VIPIND) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹43.8B
Strengths
Risks
Fair value as of: Aug 25, 2026
From 9 valuation models · updated today
Share price +2.5% over the past month.
Below-average quality, and trading another 219% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹131.52). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹58.51 to ₹131.52) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.
How to read this chart
60‑month range ₹259.70 – ₹740.40 · fair‑value band ₹58.51 – ₹131.52 · the ₹302.70 price screens above the ₹95.01 fair value. Dashed = 300-day average. As of Aug 25, 2026.
Analysis
V.I.P. Industries Limited (VIPIND) currently trades at ₹302.70, while our model-based Fair Value estimate is ₹95.01, implying the stock looks roughly 68.6% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, V.I.P. Industries Limited generated revenue of ₹19.6B at a net margin of -10.0%. Revenue declined 25.3% year over year. It earns a return on equity of -35.3%. Net debt stands at ₹3.8B. Fundamentals as of Aug 25, 2026
Our scenario range runs from ₹58.51 (bear case) to ₹131.52 (bull case); at ₹302.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 21% fair-value upside, at -69%, VIPIND screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 9 models by family
Widest divergence: Growth DCF (₹146.85) versus Dividend Discount (₹0.5100). Highest evidence: Growth DCF (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 35
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
V.I.P. Industries Limited manufactures and sells luggage, backpacks, and accessories in India. It provides hard luggage and soft luggage bags, including school bags, trolleys, backpacks, suitcases, executive cases, duffels, overnight travel solutions, and handbags.
Full company description
V.I.P. Industries Limited manufactures and sells luggage, backpacks, and accessories in India. It provides hard luggage and soft luggage bags, including school bags, trolleys, backpacks, suitcases, executive cases, duffels, overnight travel solutions, and handbags. The company offers its products primarily under the VIP, Caprese, Carlton, Skybags, Alfa, and Aristocrat brands through multi-brand outlets, exclusive brand outlets, canteen stores department, and e-commerce platforms. It also exports its products. V.I.P. Industries Limited was incorporated in 1968 and is headquartered in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
V.I.P. Industries Limited reported revenue of ₹18.5B in FY2026 versus ₹12.9B in FY2022, a compound +9.5%/yr. Reported net income was −₹3.4B in FY2026.
VIPIND screens 69% overvalued. Compare with NIKE, Inc →
Peer Group
Footwear & Accessories · 94 stocks
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.
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIKE, Inc NKE | $40.76 | $35.63 | -13% |
| Deckers Outdoor Corporation DECK | $89.51 | $125.16 | +40% |
| On Holding ONON | $31.03 | $17.79 | -43% |
| Zhejiang China Commodities City Group 600415 | ¥11.81 | ¥13.03 | +10% |
| Birkenstock Holding BIRK | $36.74 | $44.59 | +21% |
| Crocs, Inc CROX | $130.61 | $203.65 | +56% |
| Huali Industrial Group 300979 | ¥36.73 | ¥51.36 | +40% |
| PUMA SE PUM | €25.02 | €10.57 | -58% |
| Steven Madden, Ltd SHOO | $47.70 | $11.69 | -75% |
| Yue Yuen Industrial (Holdings) Limited 0551 | HK$13.65 | HK$31.67 | +132% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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