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Vippy Spinpro

₹177 5.3 | 3.1%

Market Cap ₹104 Cr.

Stock P/E 23.9

P/B 1.4

Current Price ₹177

Book Value ₹ 129.6

Face Value 10

52W High ₹214.5

Dividend Yield 0%

52W Low ₹ 134

Vippy Spinpro Research see more...

Overview Inc. Year: 1992Industry: Textile - Spinning

Vippy Spinpro Share Price

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Vippy Spinpro Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 35 35 45 32 33 47 64 62 60 63
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 35 35 45 32 33 48 64 62 60 64
Total Expenditure 29 31 37 26 31 45 61 58 56 56
Operating Profit 6 4 7 6 2 3 3 4 4 7
Interest 0 0 0 0 0 0 1 1 1 1
Depreciation 0 0 0 0 0 2 2 2 2 3
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 4 7 5 2 0 0 1 1 4
Provision for Tax 1 1 2 1 0 0 0 0 0 1
Profit After Tax 4 3 5 4 1 0 0 1 1 3
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 4 3 5 4 1 0 0 1 1 3
Adjusted Earnings Per Share 7 4.6 8.8 6.7 2.3 0.4 0.2 1.2 1.3 4.7

Vippy Spinpro Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 89 100 95 88 98 105 114 111 88 139 156 249
Other Income 1 1 1 1 1 0 0 1 0 1 1 0
Total Income 90 101 95 88 99 106 114 111 88 140 157 250
Total Expenditure 81 92 87 81 93 98 105 104 81 123 140 231
Operating Profit 9 8 8 7 7 8 9 7 7 18 18 18
Interest 3 1 1 0 0 1 1 1 0 0 1 4
Depreciation 3 2 3 2 2 2 2 2 2 1 3 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 5 5 5 5 5 6 5 5 16 14 6
Provision for Tax 1 1 2 1 1 1 2 1 1 4 4 1
Profit After Tax 2 3 3 3 3 3 4 4 4 12 11 5
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 2 3 3 3 3 3 4 4 4 12 11 5
Adjusted Earnings Per Share 4.3 5.4 5.5 5.3 5.7 5.8 7.6 6.5 6.8 20.7 18.3 7.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 12% 8% 6%
Operating Profit CAGR 0% 37% 18% 7%
PAT CAGR -8% 40% 30% 19%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 1% 41% 36% 35%
ROE Average 16% 16% 14% 13%
ROCE Average 17% 18% 15% 14%

Vippy Spinpro Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 19 23 26 29 33 36 40 44 48 60 71
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7 4 3 1 0 2 2 1 0 0 27
Other Non-Current Liabilities 2 2 2 1 1 2 2 1 1 1 1
Total Current Liabilities 22 24 13 8 18 18 25 12 8 20 15
Total Liabilities 50 53 43 39 52 58 69 58 58 81 115
Fixed Assets 17 15 13 11 11 16 15 13 11 10 60
Other Non-Current Assets 1 1 1 1 5 2 1 1 1 11 3
Total Current Assets 32 37 29 27 36 41 52 45 45 60 52
Total Assets 50 53 43 39 52 58 69 58 58 81 115

Vippy Spinpro Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 5 1 12 7 -9 5 -1 11 5 -7 27
Cash Flow from Investing Activities -3 -0 -0 -0 -1 -7 -1 1 0 -4 -48
Cash Flow from Financing Activities -2 -0 -12 -7 10 2 1 -12 -6 10 21
Net Cash Inflow / Outflow -0 0 -0 -0 -0 0 -0 0 -0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Vippy Spinpro Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 4.26 5.42 5.54 5.27 5.66 5.84 7.62 6.45 6.76 20.73 18.25
CEPS(Rs) 8.68 9.63 9.99 8.94 8.84 9.15 11.2 9.54 9.42 23.01 23.2
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 33.03 38.49 44.05 49.32 55.56 61.27 68.81 75.06 82.01 102.87 121.5
Core EBITDA Margin(%) 9.2 7.81 8.17 7.46 5.6 7 7.74 5.88 7.91 12.09 10.68
EBIT Margin(%) 7.05 6.03 6.19 5.75 5.13 5.61 6.19 4.82 6.56 11.9 9.55
Pre Tax Margin(%) 3.95 4.63 5.03 5.19 4.76 4.68 5.28 4.1 6.21 11.71 9.21
PAT Margin (%) 2.81 3.19 3.44 3.53 3.39 3.26 3.94 3.42 4.53 8.73 6.85
Cash Profit Margin (%) 5.72 5.66 6.2 5.98 5.29 5.11 5.79 5.06 6.31 9.69 8.71
ROA(%) 5.01 6.15 6.74 7.53 7.3 6.22 7.04 5.96 6.83 17.5 10.92
ROE(%) 13.78 15.16 13.42 11.29 10.79 10 11.72 8.97 8.61 22.43 16.27
ROCE(%) 14.25 13.12 13.77 14.17 12.37 11.61 12.3 9.43 11.13 26.59 17.11
Receivable days 36.73 39.38 45.06 36.14 29.68 37.36 49.62 63.6 78.93 50.68 48.27
Inventory Days 85.23 77.65 71.05 68.23 78.88 83.93 83.65 85.25 101.78 83.8 76.4
Payable days 5.03 3.17 1.54 1.38 1.11 0.95 6.33 7.78 6.87 5.4 4.43
PER(x) 2.12 1.55 3.22 4.25 6.6 7.73 5.38 5.5 6.81 5.46 9.47
Price/Book(x) 0.27 0.22 0.41 0.45 0.67 0.74 0.6 0.47 0.56 1.1 1.42
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.34 0.29 0.23 0.2 0.38 0.42 0.39 0.26 0.34 0.57 0.83
EV/Core EBITDA(x) 3.4 3.45 2.62 2.47 5.38 5.64 4.83 4.09 4.02 4.47 7.32
Net Sales Growth(%) -12.89 12.11 -5.34 -7.14 11.75 7.23 7.99 -2.55 -20.86 59.21 12.12
EBIT Growth(%) 23.02 -4.12 -2.86 -13.72 -0.24 17.07 19.16 -24.13 7.83 188.65 -10.04
PAT Growth(%) 6.66 27.31 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95
EPS Growth(%) 6.66 27.31 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95
Debt/Equity(x) 1.29 1.1 0.45 0.16 0.47 0.49 0.5 0.19 0.05 0.23 0.41
Current Ratio(x) 1.48 1.52 2.24 3.48 2.04 2.22 2.1 3.64 5.38 3.1 3.39
Quick Ratio(x) 0.46 0.69 0.99 1.35 0.59 0.99 0.91 1.83 2.22 1.18 1.56
Interest Cover(x) 2.27 4.31 5.36 10.31 13.83 6.07 6.81 6.69 18.37 64.2 28.59
Total Debt/Mcap(x) 4.72 5.01 1.12 0.35 0.69 0.67 0.83 0.41 0.09 0.21 0.29

Vippy Spinpro Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58
FII 0 0 0 0 0 0 0 0 0 0
DII 0.06 0.06 0.06 0.06 0.06 0.06 0.03 0.03 0.03 0.03
Public 33.36 33.36 33.36 33.36 33.36 33.36 33.39 33.39 33.39 33.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Debtor days have improved from 5.4 to 4.43days.
  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Vippy Spinpro News

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