VIP Industries

DSell / Avoid

VIPIND · NSE · Small Cap · Modern Trade — Specialty

Modern Trade — Specialty

Fetching live…

₹350

1D -0.8%1M -4.0%1Y -32%

Fundamental (RQ-100)

Technical (TQ-100)

Valuation

Market cap

₹5.0K Cr

Live decision ratingDSell / Avoid

Fundamental score breakdown

9/100

Growth Quality

3.0 / 20

Rev 1Y -4.0%, 3Y CAGR 4.0%, 5Y CAGR 0.0%

Margin & Profitability

0.8 / 15

EBITDA 5.0%, PAT -2.0%

Return on Capital

1.2 / 20

ROCE 4.0%, ROE -8.0%

Cash Flow Quality

4.0 / 15

OCF/EBITDA 0.40

Leverage

2.0 / 10

ND/EBITDA 3.50

Reinvestment

6.0 / 8

Capex/Sales 4.0%

Accounting

2.0 / 7

Governance

4.0 / 5

Red flags (penalty)

-14.0 / 0

Technical score breakdown

36/100

Trend Structure

8.0 / 20

↓ 200 · ↓ 50 · ↓ 20

Momentum

3.0 / 15

1Y -32.0%, 1M -4.0%

Volume Dynamics

8.0 / 15

Vol30 —%

Relative Strength

2.0 / 15

1Y -32.0%

MA Cluster

5.0 / 10

Extension

5.0 / 10

—% from 50DMA

Volatility

4.0 / 8

Price Action

1.0 / 7

-100.0% from 52W H

Business

What this company actually does

Branded luggage. VIP, Skybags, Carlton, Aristocrat.

Stores

—

Dark stores

—

Cities

—

Listed status

Listed

Format exposure

How direct is this play?

Primary formatModern Trade — Specialty

Exposure typeDominant

Revenue visibilityLow

Operating leverage stageInvestment

Policy beneficiaryNone

Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue

₹2.1K Cr

Rev 1Y growth

-4%

Rev 3Y CAGR

EBITDA margin

5.0%

PAT margin

-2.0%

ROE

-8%

ROCE

OCF/EBITDA

0.40

Net Debt/EBITDA

3.5

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E

—

Forward P/E

—

EV/EBITDA

EV/Sales

2.5

P/B

6.0

FCF Yield

2.7%

Trading below 25× EV/EBITDA — relatively reasonable for this segment.

Investment thesis

AI-generated · always cite sources before acting

Bull

Long-runway TAM with structural tailwinds.

Base

Earnings growth of ~4% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Modern Trade — Specialty GMV outperforms.

Bear

Stretched balance sheet limits flexibility in a downturn. Capital efficiency below cost of capital. Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.

Variant perception

Consensus views VIP Industries as a challenged player. Our differentiated take: execution risks remain underappreciated even after the price drawdown.

Key monitorables