VIP Industries Ltd up by 5.75 percent | Espresso


Espresso Shot of the Day - VIP Industries Ltd up by 5.75 percent

March 28, 2022
Espresso Shot of the Day - VIP Industries Ltd up by 5.75 percent

VIP INDUSTRIES LTD 728.40  (+5.75%) BSE – INE054A01027 | 28THMARCH 2022

For over 50+ years, VIP has revolutionized the luggage and travel categories with continuous product innovations, adherence to quality and international aesthetics. Along the way, VIP has evolved from being a Travel Gear company to a Travel Wear pioneer. At the helm of this journey has been Mr. Dilip G. Piramal, Chairman, and Ms. Radhika Piramal, Executive Vice Chairperson. Under their able leadership, VIP has grown from strength to strength. It has grown from being a household name in India to becoming a category leader in Asia and now it is the second-largest luggage maker in the world. The secret of VIP’s success is constant innovation in tune with the changing design trends and consumer needs. Today their universe, apart from VIP, includes stellar brands like Carlton, Skybags, Aristocrat, Alfa and Caprese. It is no surprise that VIP is a consumer favorite and an undisputed leader in the Luggage category. Their manufacturing and distribution capabilities distinguish them. With cutting-edge facilities, VIP’s manufacturing plants, 2 in India and 7 in Bangladesh, are fully equipped to produce the most modern luggage. They operate from 20 sales offices around the country and 1 international office. Their strong distribution network gives easy access to VIP luggage anywhere in India via their 11,000 points of sale across exclusive stores, multi-brand stores, large format retail, defense canteens, and e-Commerce. By exporting to more than 60 countries, VIP has established its global status. Behind VIP’s dominance is their talented workforce. Inspired by VIP’s values of youthfulness, meritocracy, entrepreneurship & innovation and its’ core tenets of open communication, transparency and agility, their people are always in pursuit of taking VIP to new heights – a commitment naturally born out of a work environment that nurtures sincerity, dynamism, acceptance of cultures and pride of work. Truly, the VIP workplace culture is the engine that drives its global success.

Recent Drivers

  • On Mar 01, 2022, the company declared an Interim Dividend of Rs. 2.50/- per equity share.
  • On Feb 24, 2022, the company approved the allotment of 18,932 fully paid up equity shares of Rs. 2/- each under ESOP.
  • On Feb 02, 2022, the company reported Net Sales of Rs.386.92 crores in December 2021, up 68.19% from Rs.230.05 crores in December 2020.
  • On Feb 02, 2022, the company reported a quarterly net profit of Rs.27.55 crore in December 2021, up 417.34% from Rs.8.68 crores in December 2020.
  • On Feb 01, 2022, the Company approved the grant of 1, 20,000 Employee Stock Appreciation Rights.
(Sources: Moneycontrol, BSE)

Technical Force*

  • S&P BSE 500 month till date gain up by 2.62%
  • Traded on new All time high value: 737.65
  • 3 months avg. NSE volume: 670,976
  • Quantity traded: 66,447 | Deliverable Quantity: 13,017 (19.59%)
  • Stock price has jumped by more than 135% from a one-year low level: 309.00 (Apr 19, 2021)
  • Daily RSI (14) is nearby Oversold territory today
  • 52-week-high: 737.65 | 52-week-low: 309.00

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Some Key Ratios (Source: BSE)

Market Cap: 10,304.93 Crores

PE: 240.88

OPM%: 14.54

ROE%: 8.55           

Promoters holding%: 50.27

Prev. Close: 688.80

*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.