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Vipul

₹41.3 0.8 | 2%

Market Cap ₹495 Cr.

Stock P/E 20.8

P/B 3.4

Current Price ₹41.3

Book Value ₹ 12.1

Face Value 1

52W High ₹41.3

Dividend Yield 0%

52W Low ₹ 12.6

Vipul Research see more...

Overview Inc. Year: 2002Industry: Construction - Real Estate

Vipul Ltd is a real estate business enterprise. The Company operates in Real Estate Development & Services segment in India. Its portfolio comprises townships, villas, residences, floors and commercial buildings. Its township tasks are Vipul World Gurgaon, which covers location of about 150 acres, and Vipul World Ludhiana, which covers region of about 109 acres. Its Tatvam Villas are unfold over a place of about 50 acres and are a part of township project, Vipul World. Tatvam Villas provide various sorts of villas, which encompass Gagan with plot length of over 960 square yards; Soorya with plot length of approximately 750 square yards; Vaayu with plot size of over 500 square yards; Neer with plot size of about 360 square yards, and Bhoomi with plot length of approximately 288 square yards. Its residences encompass Vipul Gardens, Vipul Greens and Lavanya Apartments. Its commercial tasks consist of Vipul Business Park-Gurgaon, Vipul Plaza-Faridabad and Vipul Plaza-Bhubaneswar.

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Vipul Share Price

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Quarterly Price

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Vipul Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 17 77 27 14 47 6 8 6 7 157
Other Income 1 2 5 2 2 2 4 2 2 14
Total Income 18 78 32 16 49 9 12 8 10 171
Total Expenditure 38 72 37 19 10 11 13 12 11 78
Operating Profit -19 6 -6 -3 39 -3 -1 -4 -1 92
Interest 7 8 7 11 11 11 6 11 7 10
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 -0 -94 0 0 -0 0 0 0
Profit Before Tax -27 -2 -14 -109 28 -14 -8 -15 -8 81
Provision for Tax -6 -1 -0 0 9 -0 -1 0 9 18
Profit After Tax -22 -2 -14 -109 19 -14 -7 -15 -17 63
Adjustments -0 -0 -0 -0 -0 -0 0 0 0 0
Profit After Adjustments -22 -2 -14 -109 19 -14 -7 -15 -17 63
Adjusted Earnings Per Share -1.8 -0.2 -1.2 -9.1 1.6 -1.2 -0.6 -1.3 -1.4 5.3

Vipul 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 413 261 234 185 232 284 226 176 37 138 75 178
Other Income 2 6 3 11 6 8 7 25 11 10 10 22
Total Income 416 268 237 196 238 291 233 201 48 148 85 201
Total Expenditure 376 253 224 172 213 253 197 203 90 164 59 114
Operating Profit 40 15 14 25 25 38 36 -2 -41 -16 26 86
Interest 18 19 26 33 33 36 33 32 30 29 38 34
Depreciation 1 1 1 2 6 6 5 4 4 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 1 -0 -95 0
Profit Before Tax 21 -6 -13 -11 -15 -3 -2 -38 -73 -49 -109 50
Provision for Tax 8 2 -2 -1 -3 1 -3 -4 -18 -7 8 26
Profit After Tax 13 -8 -11 -10 -12 -5 1 -34 -56 -42 -117 24
Adjustments -4 0 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments 9 -8 -11 -10 -12 -5 1 -35 -55 -41 -117 24
Adjusted Earnings Per Share 0.8 -0.7 -0.9 -0.8 -1 -0.4 0.1 -2.9 -4.6 -3.4 -9.8 2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -46% -25% -23% -16%
Operating Profit CAGR 0% 0% -7% -4%
PAT CAGR 0% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 152% 14% -3% 19%
ROE Average -68% -34% -23% -11%
ROCE Average -12% -6% -3% 0%

Vipul 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 400 391 380 370 358 366 366 327 272 231 115
Minority's Interest 4 4 3 3 3 3 3 3 3 3 3
Borrowings 31 14 147 193 282 418 420 334 102 105 71
Other Non-Current Liabilities 114 167 152 151 28 51 46 21 -4 -40 -43
Total Current Liabilities 646 631 648 732 816 857 1007 1187 1468 1491 1241
Total Liabilities 1195 1207 1331 1450 1487 1695 1842 1872 1841 1790 1387
Fixed Assets 27 29 28 71 88 92 77 66 62 59 48
Other Non-Current Assets 180 185 201 177 166 162 160 117 110 114 48
Total Current Assets 988 992 1101 1202 1232 1441 1606 1690 1668 1617 1291
Total Assets 1195 1207 1331 1450 1487 1695 1842 1872 1841 1790 1387

Vipul 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 38 30 31 32 17 9 13 5 14 23 13
Cash Flow from Operating Activities 32 30 -109 -46 -56 -166 -3 116 258 17 421
Cash Flow from Investing Activities -10 -7 -20 -18 -1 4 21 7 16 16 9
Cash Flow from Financing Activities -30 -22 131 46 49 165 -26 -115 -265 -43 -357
Net Cash Inflow / Outflow -8 1 1 -18 -8 4 -8 9 9 -10 73
Closing Cash & Cash Equivalent 30 31 32 14 9 13 5 14 23 13 86

Vipul 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) 0.79 -0.66 -0.91 -0.82 -0.99 -0.4 0.1 -2.89 -4.59 -3.45 -9.75
CEPS(Rs) 1.2 -0.56 -0.83 -0.67 -0.45 0.07 0.51 -2.51 -4.33 -3.22 -9.55
DPS(Rs) 0.15 0.05 0 0 0.05 0.05 0 0 0 0 0
Book NAV/Share(Rs) 33.26 32.54 31.62 30.8 29.77 30.42 30.44 27.18 22.62 19.22 9.49
Core EBITDA Margin(%) 9.13 3.36 4.46 7.18 8.15 10.78 12.99 -14.81 -140.63 -18.68 21.57
EBIT Margin(%) 9.38 5.21 5.29 12.33 7.9 11.42 13.94 -3.24 -117.06 -14.39 -95.19
Pre Tax Margin(%) 4.99 -2.23 -5.7 -5.75 -6.53 -1.18 -0.78 -21.53 -196.42 -35.36 -146
PAT Margin (%) 3.15 -3.04 -4.8 -5.35 -5.11 -1.7 0.52 -19.46 -149.17 -30.26 -156.63
Cash Profit Margin (%) 3.48 -2.56 -4.25 -4.34 -2.32 0.3 2.72 -17.07 -139.65 -27.99 -152.92
ROA(%) 1.07 -0.66 -0.89 -0.71 -0.81 -0.3 0.07 -1.85 -2.99 -2.3 -7.39
ROE(%) 3.29 -2.01 -2.92 -2.64 -3.26 -1.34 0.32 -9.94 -18.58 -16.67 -68.15
ROCE(%) 7.15 2.54 2.04 3.2 2.35 3.52 3.08 -0.58 -4.65 -2.29 -11.75
Receivable days 89.68 151.61 195.03 329.55 300.65 258.26 441.9 736.78 3504.99 865.43 1092.47
Inventory Days 620.04 930.86 1074.42 1447.65 1217.86 1100.79 1540.9 2093.05 0 2604.71 4200.49
Payable days 68.06 151.47 177.39 567.66 328.87 222.57 -5634.6 -1299.87 1342.26 3060.83 -3090.22
PER(x) 9.71 0 0 0 0 0 363.28 0 0 0 0
Price/Book(x) 0.23 0.16 1.42 1.38 2.11 1.75 1.21 0.54 1.27 0.94 1.16
Dividend Yield(%) 1.96 0.97 0 0 0.08 0.09 0 0 0 0 0
EV/Net Sales(x) 0.44 0.58 3.4 4.63 5.14 4.53 4.81 4.52 24.7 5.61 5.04
EV/Core EBITDA(x) 4.54 10.15 58.18 34.69 48.08 33.77 29.82 -515.53 -22.33 -47.55 14.47
Net Sales Growth(%) -3.13 -36.75 -10.49 -20.99 25.54 22.32 -20.44 -21.88 -78.91 271.46 -45.81
EBIT Growth(%) 9.34 -64.86 -9.15 84.29 -19.53 76.76 -2.9 -118.18 -661.03 54.35 -258.55
PAT Growth(%) -31.52 -160.99 -41.65 12 -19.79 59.2 124.18 -3037.61 -61.64 24.66 -180.54
EPS Growth(%) -50.3 -183.88 -38 9.57 -19.78 59.61 125.39 -2953.31 -58.89 24.99 -183.15
Debt/Equity(x) 0.36 0.36 0.79 1.02 1.28 1.82 1.79 1.97 2.33 2.61 2.34
Current Ratio(x) 1.53 1.57 1.7 1.64 1.51 1.68 1.59 1.42 1.14 1.08 1.04
Quick Ratio(x) 0.5 0.51 0.6 0.61 0.54 0.61 0.61 0.55 0.44 0.45 0.42
Interest Cover(x) 2.14 0.7 0.48 0.68 0.55 0.91 0.95 -0.18 -1.48 -0.69 -1.87
Total Debt/Mcap(x) 1.55 2.28 0.56 0.74 0.61 1.04 1.48 3.67 1.83 2.77 2.02

Vipul Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 63.43 63.43 63.43 63.43 63.43 63.43 63.43 63.43 63.43 60.52
FII 0 0 0 0 0 0 0 0 0 0.19
DII 0 0 0 0 0 0 0 0 0 0
Public 36.57 36.57 36.57 36.57 36.57 36.57 36.57 36.57 36.57 39.3
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 3060.83 to -3090.22days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of -34% over the last 3 years.
  • Stock is trading at 3.4 times its book value.

* 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.

Vipul News

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