| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 578 | 561 | +3.0% |
| EBITDA | −11.1 | 24.7 | — |
| EBITDA margin | −1.9% | 4.4% | −6.3 pts |
| Profit before tax | −54.7 | −17.1 | — |
| Net profit | −53.6 | −13.1 | — |
| EPS | −₹3.77 | −₹0.92 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 3,730 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 102 | 102 | 38.2 | 44.5 | 55.6 | ||
| 411 | 411 | 415 | 533 | 181 | ||
| 4,038 | — | — | — | — | ||
| 1,875 | 1,858 | 2,178 | 2,245 | 2,082 | ||
| — | −14.7% | −3.0% | +7.8% | — | ||
| −277 | −241 | 82.3 | 194 | 314 | ||
| −14.7% | −13.0% | 3.8% | 8.6% | 15.1% | ||
| −404 | −368 | −36.8 | 94.1 | 240 | ||
| −378 | −338 | −68.8 | 54.3 | 152 | ||
| −20.2% | −18.2% | −3.2% | 2.4% | 7.3% | ||
| −₹26.64 | −₹23.80 | −₹4.84 | ₹3.82 | ₹10.72 | ||
| — | −391.4% | −226.7% | −64.4% | — | ||
| — | 181 | 292 | −132 | 175 | ||
| — | −48.0 | −43.1 | −100 | −107 | ||
| 133 | 133 | 249 | −232 | 68.0 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 3,729.5 | |
| - Cash, Equiv & ST Investments | 55.6 | 44.5 | 38.2 | 102.1 | 102.1 | |
| + Total Debt | 181.0 | 532.8 | 415.3 | 410.8 | 410.8 | |
| Enterprise Value | — | — | — | — | 4,038.2 | |
| Revenue | 2,082.3 | 2,245.0 | 2,178.4 | 1,858.1 | 1,875.1 | |
| Growth %, YoY | — | +7.8 | -3.0 | -14.7 | — | |
| EBITDA | 313.8 | 193.6 | 82.3 | -240.9 | -276.5 | |
| Margin % | 15.07 | 8.62 | 3.78 | -12.97 | -14.75 | |
| EBIT | 240.1 | 94.1 | -36.8 | -368.2 | -403.7 | |
| Net Income | 152.3 | 54.3 | -68.8 | -338.0 | -378.5 | |
| Margin % | 7.32 | 2.42 | -3.16 | -18.19 | -20.18 | |
| EPS, Adj (current shares) | 10.72 | 3.82 | -4.84 | -23.80 | -26.64 | |
| Growth %, YoY | — | -64.4 | -226.7 | -391.4 | — | |
| Cash from Operations | 174.9 | -131.7 | 292.2 | 181.0 | — | |
| Capital Expenditures | -106.9 | -100.0 | -43.1 | -48.0 | — | |
| Free Cash Flow | 68.0 | -231.7 | 249.0 | 133.0 | 133.0 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
V.I.P. Industries (NSE: VIPIND) had a market capitalisation of ₹3,552 crore at the 30 October 2026 close (₹250.05 a share) and a price-to-book ratio of 12.27. In FY26 its consolidated net loss was ₹338 crore on revenue of ₹1,858 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹53.6 crore. Its debt-to-equity ratio was 1.42 on 31 March 2026. Promoters held 42.35% of the shares on 30 September 2026.
V.I.P. Industries' PE ratio is not meaningful at the 30 October 2026 close: its consolidated net profit over the last four quarters (Q2 FY26 to Q1 FY27) was a loss of ₹378 crore, and a price-to-earnings ratio needs positive earnings. Its market capitalisation was ₹3,552 crore at ₹250.05 a share.
V.I.P. Industries' price-to-book (PB) ratio is 12.27 at the 30 October 2026 close: a market capitalisation of ₹3,552 crore divided by shareholders' equity (book value) of ₹290 crore on 31 March 2026. That is a book value of ₹20.38 per share against a share price of ₹250.05.
V.I.P. Industries' book value per share was ₹20.38 on 31 March 2026: shareholders' equity of ₹290 crore divided by the 14.21 crore shares in issue, down 53.0% from ₹43.39 a year earlier. The share price at the 30 October 2026 close was ₹250.05.
V.I.P. Industries' market capitalisation was ₹3,552 crore at the 30 October 2026 close: 14.21 crore shares at ₹250.05 each.
No. V.I.P. Industries had borrowings of ₹411 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.42. Its cash and current investments were ₹116 crore, so its net debt was ₹295 crore.
V.I.P. Industries' basic earnings per share (EPS) were −₹23.79 in FY26, against −₹4.84 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to −₹26.64.
V.I.P. Industries' debt-to-equity ratio was 1.42 on 31 March 2026: borrowings of ₹411 crore against total equity of ₹290 crore. A year earlier, on 31 March 2025, it was 0.67.
V.I.P. Industries' net worth — shareholders' equity in its consolidated balance sheet — was ₹290 crore on 31 March 2026, down 53.0% from ₹616 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹3,552 crore at the 30 October 2026 close.
Promoters held 42.35% of V.I.P. Industries on 30 September 2026, unchanged from the previous quarter and down 7.38 percentage points from 49.73% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, V.I.P. Industries' return on equity (ROE) was −74.6% and its return on capital employed (ROCE) was −49.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was −10.6% and ROCE −3.9%.
On 30 September 2026, V.I.P. Industries' shares were held by promoters 42.35%, foreign portfolio investors (FII/FPI) 4.65%, domestic institutions (DII) 16.55% (including mutual funds at 13.52%) and retail and other non-institutional investors 36.45%. Over the year, FII holding was down 2.30 percentage points from 6.95% and DII holding was up 0.50 percentage points from 16.05%.
V.I.P. Industries' latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net loss ₹53.6 crore, wider than the loss of ₹13.1 crore in Q1 FY26; revenue from operations ₹578 crore, up 3.0% year on year.
In FY26, V.I.P. Industries generated ₹181 crore of cash from operations and spent ₹48 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹133 crore. In FY25 it was ₹249 crore.
In FY26 (April 2025–March 2026), V.I.P. Industries' consolidated net loss was ₹338 crore, wider than the loss of ₹68.8 crore in FY25, on revenue from operations of ₹1,858 crore (down 14.7%).
V.I.P. Industries has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Safari Industries, V-Guard Industries and Vaibhav Global: V.I.P. Industries' operating margin of −19.8% is the lowest of the four (Safari Industries 9.8%, V-Guard Industries 7.0%, Vaibhav Global 6.9%; peer average 7.9%); its return on equity of −74.6% is the lowest of the four (Safari Industries 16.2%, V-Guard Industries 13.8%, Vaibhav Global 17.8%; peer average 15.9%); its revenue growth over three years of −3.7% a year is the lowest of the four (Safari Industries 19.1% a year, V-Guard Industries 13.1% a year, Vaibhav Global 11.1% a year; peer average 14.4% a year).
In FY26, V.I.P. Industries earned net profit of ₹338 crore on revenue of ₹1,858 crore, against ₹168 crore on ₹2,047 crore for Safari Industries. V.I.P. Industries' operating margin was −19.8% (Safari Industries 9.8%) and its return on equity −74.6% (Safari Industries 16.2%). At the 30 October 2026 close, V.I.P. Industries' market capitalisation was ₹3,552 crore against ₹5,784 crore for Safari Industries.
From V.I.P. Industries' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.