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Vippy Spinpro

₹174.2 4.1 | 2.4%

Market Cap ₹102 Cr.

Stock P/E 23.5

P/B 1.2

Current Price ₹174.2

Book Value ₹ 144.8

Face Value 10

52W High ₹228.3

Dividend Yield 0%

52W Low ₹ 133.5

Vippy Spinpro Research see more...

Overview Inc. Year: 1992Industry: Textile - Spinning

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 milestones including a robust increase in net order book and commendable EBITDA performance reflecting the company’s financial stability and operational efficiency. Vippy Spinpro’s achievements are a testament to its enduring commitment to excellence.

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Vippy Spinpro Share Price

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Vippy Spinpro Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 32 33 47 64 62 60 63 70 69 70
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 32 33 48 64 62 60 64 71 70 70
Total Expenditure 26 31 45 61 58 56 56 64 62 62
Operating Profit 6 2 3 3 4 4 7 6 8 8
Interest 0 0 0 1 1 1 1 1 1 1
Depreciation 0 0 2 2 2 2 3 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 2 0 0 1 1 4 3 5 5
Provision for Tax 1 0 0 0 0 0 1 1 1 1
Profit After Tax 4 1 0 0 1 1 3 2 3 4
Adjustments -0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments 4 1 0 0 1 1 3 2 3 4
Adjusted Earnings Per Share 6.7 2.3 0.4 0.2 1.2 1.3 4.7 3.1 5.7 6.4

Vippy Spinpro Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 100 95 88 98 105 114 111 88 139 156 250 272
Other Income 1 1 1 1 0 0 1 0 1 1 1 0
Total Income 101 95 88 99 106 114 111 88 140 157 251 275
Total Expenditure 92 87 81 93 98 105 104 81 123 140 232 244
Operating Profit 8 8 7 7 8 9 7 7 18 18 19 29
Interest 1 1 0 0 1 1 1 0 0 1 3 4
Depreciation 2 3 2 2 2 2 2 2 1 3 10 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 5 5 5 5 5 6 5 5 16 14 6 17
Provision for Tax 1 2 1 1 1 2 1 1 4 4 2 4
Profit After Tax 3 3 3 3 3 4 4 4 12 11 4 12
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 3 3 3 4 4 4 12 11 4 12
Adjusted Earnings Per Share 5.4 5.5 5.3 5.7 5.8 7.6 6.5 6.8 20.7 18.3 7.4 19.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 60% 42% 17% 10%
Operating Profit CAGR 6% 39% 16% 9%
PAT CAGR -64% 0% 0% 3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 23% 11% 38% 25%
ROE Average 6% 15% 12% 12%
ROCE Average 7% 17% 14% 13%

Vippy Spinpro Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 23 26 29 33 36 40 44 48 60 71 76
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 3 1 0 2 2 1 0 0 27 28
Other Non-Current Liabilities 2 2 1 1 2 2 1 1 1 1 1
Total Current Liabilities 24 13 8 18 18 25 12 8 20 15 42
Total Liabilities 53 43 39 52 58 69 58 58 81 115 148
Fixed Assets 15 13 11 11 16 15 13 11 10 60 61
Other Non-Current Assets 1 1 1 5 2 1 1 1 11 3 3
Total Current Assets 37 29 27 36 41 52 45 45 60 52 83
Total Assets 53 43 39 52 58 69 58 58 81 115 148

Vippy Spinpro Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 1 12 7 -9 5 -1 11 5 -7 27 -13
Cash Flow from Investing Activities -0 -0 -0 -1 -7 -1 1 0 -4 -48 -10
Cash Flow from Financing Activities -0 -12 -7 10 2 1 -12 -6 10 21 23
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 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 5.42 5.54 5.27 5.66 5.84 7.62 6.45 6.76 20.73 18.25 7.42
CEPS(Rs) 9.63 9.99 8.94 8.84 9.15 11.2 9.54 9.42 23.01 23.2 24.16
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 38.49 44.05 49.32 55.56 61.27 68.81 75.06 82.01 102.87 121.5 129.55
Core EBITDA Margin(%) 7.81 8.17 7.46 5.6 7 7.74 5.88 7.91 12.09 10.68 7.1
EBIT Margin(%) 6.03 6.19 5.75 5.13 5.61 6.19 4.82 6.56 11.9 9.55 3.52
Pre Tax Margin(%) 4.63 5.03 5.19 4.76 4.68 5.28 4.1 6.21 11.71 9.21 2.35
PAT Margin (%) 3.19 3.44 3.53 3.39 3.26 3.94 3.42 4.53 8.73 6.85 1.74
Cash Profit Margin (%) 5.66 6.2 5.98 5.29 5.11 5.79 5.06 6.31 9.69 8.71 5.68
ROA(%) 6.15 6.74 7.53 7.3 6.22 7.04 5.96 6.83 17.5 10.92 3.32
ROE(%) 15.16 13.42 11.29 10.79 10 11.72 8.97 8.61 22.43 16.27 5.91
ROCE(%) 13.12 13.77 14.17 12.37 11.61 12.3 9.43 11.13 26.59 16.48 7.16
Receivable days 39.38 45.06 36.14 29.68 37.36 49.62 63.6 78.93 50.68 48.27 39.35
Inventory Days 77.65 71.05 68.23 78.88 83.93 83.65 85.25 101.78 83.8 76.4 53.12
Payable days 3.17 1.54 1.38 1.11 0.95 6.33 7.78 6.87 5.4 4.43 3.75
PER(x) 1.55 3.22 4.25 6.6 7.73 5.38 5.5 6.81 5.46 9.47 18.94
Price/Book(x) 0.22 0.41 0.45 0.67 0.74 0.6 0.47 0.56 1.1 1.42 1.08
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.29 0.23 0.2 0.38 0.42 0.39 0.26 0.34 0.57 0.88 0.58
EV/Core EBITDA(x) 3.45 2.62 2.47 5.38 5.64 4.83 4.09 4.02 4.47 7.69 7.77
Net Sales Growth(%) 12.11 -5.34 -7.14 11.75 7.23 7.99 -2.55 -20.86 59.21 12.12 59.69
EBIT Growth(%) -4.12 -2.86 -13.72 -0.24 17.07 19.16 -24.13 7.83 188.65 -10.04 -41.17
PAT Growth(%) 27.31 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95 -59.36
EPS Growth(%) 27.31 2.19 -4.85 7.37 3.15 30.53 -15.37 4.79 206.7 -11.95 -59.36
Debt/Equity(x) 1.1 0.45 0.16 0.47 0.49 0.5 0.19 0.05 0.23 0.5 0.82
Current Ratio(x) 1.52 2.24 3.48 2.04 2.22 2.1 3.64 5.38 3.1 3.39 1.95
Quick Ratio(x) 0.69 0.99 1.35 0.59 0.99 0.91 1.83 2.22 1.18 1.56 0.9
Interest Cover(x) 4.31 5.36 10.31 13.83 6.07 6.81 6.69 18.37 64.2 28.59 3.02
Total Debt/Mcap(x) 5.01 1.12 0.35 0.69 0.67 0.83 0.41 0.09 0.21 0.35 0.75

Vippy Spinpro Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 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 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Public 33.36 33.36 33.36 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

Pros

  • Debtor days have improved from 4.43 to 3.75days.

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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