Vipul Limited

NSE: VIPULLTD · Unclassified

₹8.78-2.77%06 Nov 2026

Ask the data

Instant answers about Vipul Limited — computed from its filings, no language model

Market cap₹124 cr

Current price₹8.78

High / Low₹18 / ₹7

P/E—

P/B0.34

Book value₹25.8

ROE-4.6%

ROCE-1.6%

Debt / equity0.21

Dividend yield—

EPS (TTM)₹-1.18

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	225.9	37.2	138.2	74.9	206.5	59.6
EBITDA	29.3	-52.3	-25.8	16.2	84.7	-34.4
Operating margin	13.0%	-140.6%	-18.7%	21.6%	41.0%	-57.7%
Interest	33.2	29.5	29.0	38.1	24.1	7.6
Depreciation	5.0	3.5	3.1	2.8	2.7	0.8
Profit before tax	-1.8	-72.8	-48.5	-109.4	287.0	-7.1
Tax	-2.9	-17.6	-7.1	8.0	53.7	1.3
Net profit	1.2	-55.5	0.0	-117.3	0.0	-8.4
EPS ₹	0.10	-4.63	-3.49	-9.78	19.46	-0.60
Operating cash flow	—	258.5	17.2	420.5	-112.0	-30.5
Capex	—	0.2	0.0	0.3	1.8	3.2
Dividend paid	—	0.0	0.0	0.0	0.0	0.0
Total assets	—	—	—	1,441.8	1,255.3	1,115.8
Equity	—	—	—	114.6	351.8	366.3

Quarterly performance

last 27 quarters · ₹ crore

showing latest 8 of 27 periods

	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	72.3	27.4	176.5	2.2	16.2	2.0	16.8	17.9	17.0	76.7	26.6	13.7	46.8	6.3	8.1	6.1	7.5	157.1	35.8	15.9	15.7	11.3	8.0	9.2	40.8	7.7	9.0
Operating profit	1.4	-11.2	-26.1	-3.8	-13.4	-21.9	-13.2	1.2	-20.7	4.4	-10.7	-5.4	37.1	-4.9	-4.7	-6.3	-3.2	78.8	15.3	3.4	4.8	2.2	-3.1	-1.3	-18.0	-19.0	-5.7
Operating margin	2.0%	-41.0%	-14.8%	-177.8%	-82.9%	-1076.4%	-78.6%	6.6%	-121.9%	5.8%	-40.3%	-39.0%	79.3%	-77.9%	-57.5%	-102.9%	-43.1%	50.2%	42.9%	21.3%	30.4%	19.8%	-39.1%	-14.6%	-44.1%	-246.5%	-62.9%
Other income	1.4	17.2	24.6	1.3	2.1	2.8	5.1	1.7	1.2	1.6	5.0	2.0	1.9	2.3	3.7	2.1	2.3	13.5	213.9	2.7	3.2	2.8	3.4	3.0	10.2	20.1	5.0
Interest	7.3	8.8	32.3	8.3	8.3	7.9	5.0	6.9	7.1	7.6	7.4	10.5	10.7	10.6	6.3	10.5	6.6	10.3	-3.3	3.6	6.1	0.7	0.3	0.4	6.4	1.6	0.6
Depreciation	0.9	1.1	4.2	0.9	0.9	0.9	0.9	0.8	0.8	0.8	0.7	0.7	0.7	0.7	0.7	0.6	0.7	0.7	0.7	0.7	0.7	0.7	0.1	0.3	0.3	0.3	0.3
Profit before tax	-5.4	-3.9	-38.0	-11.7	-20.6	-27.9	-12.6	-4.8	-27.4	-2.4	-13.9	-108.9	27.6	-13.8	-8.2	-15.3	-8.2	81.4	229.1	1.8	1.1	3.7	7.2	1.0	-14.6	-0.8	-1.6
Tax	0.2	-0.6	-3.6	-2.4	-4.9	-6.3	-4.1	-0.7	-5.8	-0.5	0.0	0.1	8.8	-0.0	-1.0	0.0	8.9	18.2	26.5	0.0	0.0	0.0	0.0	0.0	1.3	0.0	0.0
Net profit	-5.5	-3.3	-34.7	-9.3	-15.8	-21.6	-8.8	-4.2	-21.6	-1.9	0.0	0.0	18.7	-13.9	-6.9	-15.3	-17.1	63.2	0.0	1.8	1.1	0.0	7.2	1.2	-15.4	-0.8	-1.6
EPS ₹	-0.46	-0.27	-2.86	-0.78	-1.31	-1.80	-0.74	-0.35	-1.80	-0.16	-1.17	-9.10	1.56	-1.16	-0.58	-1.28	-1.42	5.27	16.90	0.15	0.10	0.31	0.51	0.09	-1.10	-0.05	-0.12
Revenue YoY	—	—	—	—	-77.5%	-92.6%	-90.5%	728.7%	4.7%	3678.3%	58.6%	-23.2%	175.2%	-91.8%	-69.6%	-55.5%	-84.0%	2402.2%	341.1%	159.6%	110.2%	-92.8%	-49.4%	-18.4%	—	—	13.6%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-191.5%	—	—	—	—	-100.0%	535.1%	—	—	—	-122.7%

Earlier results (standalone, Sep '07 – Jun '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Vipul Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 10 periods

	FY09†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	300.4	343.7	423.7	404.5	270.2	233.5	178.7	226.4	269.2	215.7
Operating profit	46.0	43.2	42.8	37.6	21.0	10.7	12.9	27.4	31.1	28.6
Operating margin	15.3%	12.6%	10.1%	9.3%	7.8%	4.6%	7.2%	12.1%	11.6%	13.3%
Other income	1.9	1.7	2.1	2.4	5.1	2.0	11.1	5.4	7.2	4.9
Interest	9.4	12.0	10.2	18.0	19.2	20.1	21.8	26.3	31.5	31.0
Depreciation	1.5	1.4	1.4	1.4	1.2	1.3	1.0	1.2	1.2	1.0
Profit before tax	36.9	31.6	33.4	20.6	4.2	-8.7	1.2	5.3	5.7	1.5
Tax	13.1	10.4	10.7	3.9	1.1	-2.1	0.1	2.9	3.1	0.1
Net profit	23.8	21.2	22.6	16.7	3.2	-6.6	1.2	2.4	2.5	1.4

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†
Revenue	49.9	77.9	81.1	80.5	81.2	50.8	87.9	67.5	70.4	77.6	80.9	89.9	90.9	82.0	95.3	97.3	106.7	124.4	156.2	74.5	74.1	99.7	54.8	75.5	67.0	73.0	74.4	65.0	54.9	39.2	56.6	50.0	41.5	30.6	40.4	80.3	48.3	57.5	102.8	46.5	62.0	57.9	51.4	48.8	53.9	61.5	44.7
Operating profit	17.3	21.5	19.9	15.1	12.3	9.4	9.2	11.9	13.4	-4.4	6.5	12.6	14.4	9.8	10.8	9.7	11.5	10.8	16.4	9.4	6.5	5.2	6.0	7.0	5.4	2.7	6.7	0.7	2.8	0.6	4.9	6.0	6.0	-4.0	5.3	8.6	6.6	6.9	8.1	10.8	12.1	0.0	6.8	6.1	6.2	9.5	6.5
Operating margin	34.6%	27.5%	24.5%	18.7%	15.1%	18.4%	10.5%	17.7%	19.1%	-5.6%	8.0%	14.0%	15.8%	11.9%	11.3%	10.0%	10.8%	8.7%	10.5%	12.7%	8.8%	5.2%	10.9%	9.2%	8.1%	3.6%	9.0%	1.0%	5.0%	1.5%	8.7%	12.1%	14.3%	-13.0%	13.2%	10.7%	13.6%	12.0%	7.9%	23.3%	19.6%	0.1%	13.3%	12.4%	11.5%	15.4%	14.6%
Other income	1.8	0.5	0.3	0.3	0.3	2.4	-1.1	0.4	0.4	12.4	0.4	0.4	0.6	0.3	0.3	0.5	0.5	0.9	0.5	0.8	0.5	0.5	0.4	0.4	0.5	3.8	0.5	0.4	0.3	0.8	0.4	0.3	0.4	10.0	1.5	0.9	1.3	1.7	2.8	2.4	1.1	1.0	1.8	1.2	1.7	0.1	1.1
Interest	0.5	2.3	2.6	1.6	2.2	3.0	2.7	3.5	3.2	4.4	3.0	3.3	3.0	2.8	3.1	2.2	2.3	2.6	3.7	3.9	5.7	4.8	5.1	4.9	4.5	4.7	6.2	6.5	6.5	0.8	4.9	5.9	5.5	5.5	6.4	6.3	6.3	7.3	7.8	12.3	9.1	2.2	7.8	7.0	7.1	9.1	7.0
Depreciation	0.2	0.2	0.6	0.3	0.0	0.2	1.0	0.3	0.3	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.3	0.3	0.3	0.4	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.7	0.2	0.2	0.3	0.3	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.3	0.2
Profit before tax	18.4	19.4	17.1	13.5	10.3	8.6	4.5	8.4	10.4	3.2	3.6	9.4	11.6	7.0	7.7	7.6	9.3	8.8	12.9	6.1	1.0	0.6	1.0	2.2	-0.4	1.5	0.7	-5.7	-3.7	-0.1	0.2	0.2	0.7	0.2	0.1	3.0	1.3	0.9	2.8	0.5	3.8	-1.5	0.6	0.1	0.6	0.3	0.6
Tax	6.4	6.7	7.8	4.6	3.5	3.1	1.9	3.1	3.6	4.6	1.2	3.1	3.8	2.2	2.5	2.4	3.0	2.8	4.1	2.0	0.3	-2.6	0.6	0.7	0.3	-0.6	0.2	-1.8	-1.2	0.7	0.1	0.1	0.3	-0.3	0.1	1.3	0.7	0.9	1.3	-0.3	3.1	-1.0	0.5	-0.3	0.1	-0.2	2.4
Net profit	12.0	12.7	9.2	8.9	6.8	5.5	2.6	5.4	6.8	-1.4	2.4	6.3	7.8	4.7	5.1	5.2	6.3	6.0	8.8	4.0	0.7	3.2	0.4	1.5	-0.8	2.1	0.5	-3.8	-2.5	-0.8	0.1	0.1	0.4	0.5	0.1	1.7	0.6	0.1	1.5	0.8	0.7	-0.5	0.1	0.4	0.5	0.5	-1.9
EPS ₹	10.19	2.15	—	1.48	1.13	0.92	0.44	0.90	1.13	-0.22	0.99	0.52	0.65	0.39	0.43	0.44	0.53	0.50	0.73	0.34	0.06	0.27	0.03	0.12	-0.06	0.18	0.05	-0.32	-0.21	—	0.01	0.02	0.03	0.04	0.01	0.14	0.05	—	0.13	0.07	0.06	-0.04	0.01	0.03	0.04	0.04	-0.16
Revenue YoY	—	—	—	—	62.6%	-34.8%	8.4%	-16.2%	38.7%	-11.7%	19.9%	—	29.0%	5.6%	17.8%	8.2%	17.4%	51.7%	63.9%	-23.4%	-30.6%	-19.9%	-64.9%	1.2%	-9.5%	-26.8%	35.9%	-13.9%	-18.1%	-46.2%	-24.0%	-23.1%	-24.3%	-22.0%	-28.6%	60.7%	16.2%	87.9%	154.7%	-42.1%	28.4%	0.7%	-50.0%	5.1%	-13.0%	6.3%	-13.0%
Profit YoY	—	—	—	—	-43.7%	-56.5%	-71.4%	-39.6%	22.0%	-150.9%	-55.5%	—	15.8%	—	114.6%	-17.1%	-19.0%	26.5%	71.7%	-23.0%	-89.0%	-46.1%	-95.9%	-63.4%	-210.0%	-34.6%	50.0%	-361.2%	—	-138.1%	-77.8%	—	—	—	-41.7%	1192.3%	42.5%	-88.7%	2042.9%	-50.6%	15.8%	-916.7%	-92.0%	-55.4%	-30.3%	—	-1675.0%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	11.9%	3.4%	-1.9%	-15.3%	-64.7%	29.0%	8.8%	13.6%	16.2%	0.7%	-2.1%	-4.6%
ROCE	—	—	—	—	—	—	—	—	—	-15.4%	-17.6%	-17.1%	7.4%	-3.7%	26.4%	57.7%	59.5%	64.3%	47.3%	0.3%	-1.6%
Net margin	-19.0%	-28.4%	-41.3%	-149.1%	-95.2%	-104.8%	-28.5%	-20.1%	-17.6%	10.2%	5.1%	-2.9%	-26.0%	-190.3%	13.3%	14.9%	22.2%	29.5%	3.8%	-11.8%	-25.0%
EBITDA margin	-14.3%	-24.6%	-33.2%	-140.6%	-89.3%	-101.6%	-22.0%	-18.7%	-24.1%	15.5%	17.2%	29.6%	31.6%	-68.1%	36.2%	41.0%	43.6%	45.6%	32.8%	-63.2%	-66.0%
Debt / equity	—	—	—	—	—	—	—	—	—	1.82	1.82	2.32	2.32	2.84	2.84	0.53	0.53	0.26	0.26	0.22	0.21
Interest coverage	-0.04	-0.29	-0.73	-1.46	-1.34	-1.70	-0.77	-0.67	-3.68	-1.70	-1.78	-1.72	0.74	-0.34	2.48	12.92	18.71	19.72	33.92	0.18	-0.77
Asset turnover	—	—	—	—	—	—	—	—	—	0.11	0.06	0.05	0.05	0.02	0.13	0.16	0.17	0.19	0.07	0.06	0.06

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	12.0	12.0	12.0	12.0	14.1	14.1	14.1	14.1
Other equity / reserves	128.9	102.6	70.2	339.8	393.5	398.8	352.2	349.8
Total equity	140.9	114.6	82.2	351.8	407.6	412.9	366.3	363.9
Borrowings	256.4	266.4	233.8	187.8	106.2	80.5	81.6	75.7
Current liabilities	1,187.5	1,240.7	1,272.2	887.6	789.1	774.6	743.5	742.7
Non-current liabilities	116.7	83.3	25.7	15.9	11.3	3.4	6.0	5.7
Total assets	1,448.3	1,441.8	1,383.3	1,255.3	1,208.0	1,190.9	1,115.8	1,112.4
Property, plant & equipment	41.8	32.0	30.8	30.4	29.0	2.6	5.0	3.0
Capital work-in-progress	11.8	11.9	11.9	12.1	12.9	5.2	5.3	5.4
Investments	6.0	6.2	6.2	6.4	6.5	4.0	2.3	2.3
Inventories	774.5	773.7	776.1	439.9	441.1	437.1	425.5	434.2
Receivables	110.9	124.7	90.8	248.3	268.4	280.7	269.8	287.3
Cash & equivalents	10.7	21.0	14.8	48.8	13.2	37.7	35.3	15.0

Cash flow

annual · ₹ crore · line = free cash flow

	FY21	FY22	FY23	FY24	FY26
Cash from operations	258.5	17.2	420.5	-112.0	-30.5
Cash from investing	16.0	16.1	8.8	207.0	8.8
Cash from financing	-265.4	-43.0	-356.7	-138.5	9.6
Capex	0.2	0.0	0.3	1.8	3.2
Free cash flow	258.2	17.2	420.2	-113.7	-33.8
Dividends paid	0.0	0.0	0.0	0.0	0.0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹3.0 cr0%

CWIP

₹5.4 cr0%

Investments

₹2.3 cr0%

Inventories

₹434.2 cr39%

Receivables

₹287.3 cr26%

Cash & equivalents

₹15.0 cr1%

Other assets

₹365.1 cr33%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Vipul Limited	124	8.78	—	0.34	-4.6%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-10.9%

6 months-7.7%

1 year+9.6%

3Y CAGR-20.1%

5Y CAGR-21.2%

10Y CAGR-20.6%

50-day avg₹11.20

200-day avg₹11.54

RSI (14)31

FAQs

What is the share price of Vipul Limited?

Vipul Limited (VIPULLTD) closed at ₹8.78 on NSE on 06 Nov 2026.

What is the market cap of Vipul Limited?

₹124 crore at the latest close.

How fast is Vipul Limited growing?

Vipul Limited: revenue has compounded at -24.5% a year over three years. Latest-quarter revenue is up 13.6% year on year, profit down 122.7%.

How profitable is Vipul Limited?

On a trailing-twelve-month basis return on equity is -4.6%, return on capital employed -1.6%, operating margin -66.0%, net margin -25.0%.

How much debt does Vipul Limited have?

Vipul Limited is lightly geared: debt to equity is 0.21 with borrowings of ₹76 cr against cash of ₹15 cr (balance sheet of 2026-09-30). Operating profit covers interest -0.8 times.

Financials parsed from Vipul Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.