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Vippy Spinpro Overview

Vippy Spinpro Limited has been a trusted partner in the cotton yarn spinning industry since its inception in 1992, located in the heart of India’s cotton belt, Dewas, Madhya Pradesh. Company was originally incorporated as Vippy Solvex Products P Limited in 1973 and transitioned to a public limited company in 1986. The leadership of Vippy Spinpro Limited is full of visionary directors including Piyush Mutha and Praneet Mutha, who have steered the company towards growth and success. Under their guidance, company has achieved significant mi...Read More

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Vippy Spinpro Key Financials

Market Cap ₹97 Cr.

Stock P/E 8.4

P/B 1

Current Price ₹164.8

Book Value ₹ 160.5

Face Value 10

52W High ₹228.1

Dividend Yield 0%

52W Low ₹ 150.2

Vippy Spinpro Share Price

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Volume
Price

Vippy Spinpro Quarterly Price

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Vippy Spinpro Peer Comparison

Vippy Spinpro Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 64 62 60 63 70 69 70 70 71 53
Other Income 0 0 0 0 0 0 0 1 1 1
Total Income 64 62 60 64 71 70 70 71 72 54
Total Expenditure 61 58 56 56 64 62 62 65 63 47
Operating Profit 3 4 4 7 6 8 8 6 9 7
Interest 1 1 1 1 1 1 1 -1 1 1
Depreciation 2 2 2 3 2 2 2 3 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 4 3 5 5 4 6 4
Provision for Tax 0 0 0 1 1 1 1 2 2 1
Profit After Tax 0 1 1 3 2 3 4 3 4 3
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 1 3 2 3 4 3 4 3
Adjusted Earnings Per Share 0.2 1.2 1.3 4.7 3.1 5.7 6.4 4.3 6.9 4.7

Vippy Spinpro Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 95 88 98 105 114 111 88 139 156 250 279 264
Other Income 1 1 1 0 0 1 0 1 1 1 2 3
Total Income 95 88 99 106 114 111 88 140 157 251 281 267
Total Expenditure 87 81 93 98 105 104 81 123 140 232 254 237
Operating Profit 8 7 7 8 9 7 7 18 18 19 28 30
Interest 1 0 0 1 1 1 0 0 1 3 1 2
Depreciation 3 2 2 2 2 2 2 1 3 10 10 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 5 5 5 6 5 5 16 14 6 16 19
Provision for Tax 2 1 1 1 2 1 1 4 4 2 5 6
Profit After Tax 3 3 3 3 4 4 4 12 11 4 11 14
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 3 3 4 4 4 12 11 4 11 14
Adjusted Earnings Per Share 5.5 5.3 5.7 5.8 7.6 6.5 6.8 20.7 18.3 7.4 19.6 22.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 26% 20% 11%
Operating Profit CAGR 47% 16% 32% 13%
PAT CAGR 175% -3% 22% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 10% 36% 21%
ROE Average 14% 12% 13% 12%
ROCE Average 14% 12% 15% 14%

Vippy Spinpro Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 26 29 33 36 40 44 48 60 71 76 87
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 3 1 0 2 2 1 0 0 27 28 20
Other Non-Current Liabilities 2 1 1 2 2 1 1 1 1 1 3
Total Current Liabilities 13 8 18 18 25 12 8 20 15 42 21
Total Liabilities 43 39 52 58 69 58 58 81 115 148 131
Fixed Assets 13 11 11 16 15 13 11 10 60 61 54
Other Non-Current Assets 1 1 5 2 1 1 1 11 3 3 4
Total Current Assets 29 27 36 41 52 45 45 60 52 83 73
Total Assets 43 39 52 58 69 58 58 81 115 148 131

Vippy Spinpro Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 12 7 -9 5 -1 11 5 -7 27 -13 29
Cash Flow from Investing Activities -0 -0 -1 -7 -1 1 0 -4 -48 -10 -2
Cash Flow from Financing Activities -12 -7 10 2 1 -12 -6 10 21 23 -28
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 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 5.54 5.27 5.66 5.84 7.62 6.45 6.76 20.73 18.25 7.42 19.57
CEPS(Rs) 9.99 8.94 8.84 9.15 11.2 9.54 9.42 23.01 23.2 24.16 36.67
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 44.05 49.32 55.56 61.27 68.81 75.06 82.01 102.87 121.5 129.55 148.93
Core EBITDA Margin(%) 8.17 7.46 5.6 7 7.74 5.88 7.91 12.09 10.68 7.1 9.28
EBIT Margin(%) 6.19 5.75 5.13 5.61 6.19 4.82 6.56 11.9 9.55 3.52 6.37
Pre Tax Margin(%) 5.03 5.19 4.76 4.68 5.28 4.1 6.21 11.71 9.21 2.35 5.89
PAT Margin (%) 3.44 3.53 3.39 3.26 3.94 3.42 4.53 8.73 6.85 1.74 4.11
Cash Profit Margin (%) 6.2 5.98 5.29 5.11 5.79 5.06 6.31 9.69 8.71 5.68 7.7
ROA(%) 6.74 7.53 7.3 6.22 7.04 5.96 6.83 17.5 10.92 3.32 8.25
ROE(%) 13.42 11.29 10.79 10 11.72 8.97 8.61 22.43 16.27 5.91 14.05
ROCE(%) 13.77 14.17 12.37 11.61 12.3 9.43 11.13 26.59 16.48 7.16 13.78
Receivable days 45.06 36.14 29.68 37.36 49.62 63.6 78.93 50.68 48.27 39.35 50.29
Inventory Days 71.05 68.23 78.88 83.93 83.65 85.25 101.78 83.8 76.4 53.12 44.04
Payable days 1.54 1.38 1.11 0.95 6.33 7.78 6.87 5.4 4.43 3.75 2.98
PER(x) 3.22 4.25 6.6 7.73 5.38 5.5 6.81 5.46 9.47 18.94 8.59
Price/Book(x) 0.41 0.45 0.67 0.74 0.6 0.47 0.56 1.1 1.42 1.08 1.13
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.23 0.2 0.38 0.42 0.39 0.26 0.34 0.57 0.88 0.58 0.47
EV/Core EBITDA(x) 2.62 2.47 5.38 5.64 4.83 4.09 4.02 4.47 7.69 7.77 4.73
Net Sales Growth(%) -5.34 -7.14 11.75 7.23 7.99 -2.55 -20.86 59.21 12.12 59.69 11.95
EBIT Growth(%) -2.86 -13.72 -0.24 17.07 19.16 -24.13 7.83 188.65 -10.04 -41.17 102.87
PAT Growth(%) 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95 -59.36 163.78
EPS Growth(%) 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95 -59.36 163.77
Debt/Equity(x) 0.45 0.16 0.47 0.49 0.5 0.19 0.05 0.23 0.5 0.82 0.38
Current Ratio(x) 2.24 3.48 2.04 2.22 2.1 3.64 5.38 3.1 3.39 1.95 3.55
Quick Ratio(x) 0.99 1.35 0.59 0.99 0.91 1.83 2.22 1.18 1.56 0.9 2.44
Interest Cover(x) 5.36 10.31 13.83 6.07 6.81 6.69 18.37 64.2 28.59 3.02 13.13
Total Debt/Mcap(x) 1.12 0.35 0.69 0.67 0.83 0.41 0.09 0.21 0.35 0.75 0.33

Vippy Spinpro Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
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 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Public 33.39 33.39 33.39 33.39 33.39 33.39 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

Vippy Spinpro News

Vippy Spinpro Pros & Cons

Pros

  • Company has delivered good profit growth of 22% CAGR over last 5 years
  • Debtor days have improved from 3.75 to 2.98days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
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