The luggage company has hit an air pocket as it is losing market share in the value segment and its Q1 numbers are weak

VIP Industries: How should investors position themselves?

Market expert Hemang Jani says “midcap cement companies such as NCL for a 25-30% upside, as the sector could re-rate due to increasing M&A transactions. Also, VIP Industries, which could be acquired by a large luggage company, potentially creating a premium of 20-22%. Jani is positive about the qua…

Hemang Jani’s top 2 long-term midcap recommendations

VIP Industries, Asia’s largest and the world’s second-largest luggage maker, has elevated its Chief Financial Officer, Neetu Kashiramka as the Managing Director Designate.

VIP Industries elevates CFO as MD designate

The profit fell to Rs 57.8 crore in the June quarter compared to Rs 69.1 crore in the same period last fiscal

VIP Industries Shares Drop To 52-Week Low On Weak Q1 Earnings

VIP Industries Consolidated June 2023 Net Sales at Rs 636.13 crore, up 7.71% Y-o-Y

VIP Industries Q1 earnings: Total revenue of the company came in at Rs 636.13 crore, rising 7.7 percent.

VIP Industries Q1 results: Net profit falls 16% to Rs 57.75 crore, revenue rises 7.7%

(India).Tata Motors appoints Adrian Mardell as CEO of JLR; IndiaMART InterMESH to buyback 12.50 lakh shares; LTIMindtree partners with CYFIRMA; HAL signs LoI for helicopters for Argentina; Delhi HC restrains VIP Industries from using Trademark; MTAR Technologies rated 2 on ESG scale; NBCC secures R…

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Net Sales are expected to increase by 8 percent Y-o-Y (up 41.6 percent Q-o-Q) to Rs. 637.9 crore, according to Prabhudas Lilladher.

VIP Industries Q1 PAT seen up 31.5% YoY to Rs. 71.1 cr: Prabhudas Lilladher

VIP has a strong balance sheet and we expect healthy earnings CAGR for the next few years

VIP Industries: Why it’s time for underperformance to reverse

VIP Industries shares opened higher at Rs 635.05 against the previous close of Rs 633.10 on BSE. Later, they zoomed 2.04% to Rs 646 on BSE.

Multibagger VIP Industries stock likely to hit Rs 900 in a year? Five factors that can trigger the rally

For the financial year ended March 31, 2023, VIL’s consolidated net profit stood at Rs 152.34 crore and its revenue from operations was 2,082.32 crore.

VIP Industries Q4 net loss at Rs 4.26 crore | The Financial Express

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

V.I.P. Industries Ltd. (VIP) is a holding company engaged in the manufacturing of hard luggages and soft luggages.