Vipul
VIPULLTD NSE
Vipul
Consumer DiscretionaryNSE: VIPULLTD BSE: 511726 Realty
Key Fundamentals
MicrocapResidential Commercial ProjectsRealtyMarket Cap
₹186 Cr
Volatility
Moderate
P/E Ratio
-7.1
EBITDA
₹-0.80 Cr
Return on Equity
-7.5%
Debt to Equity
0.23
Book Value
₹29.23
52W High
₹18.6
52W Low
₹7.38
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.44 times its book value
Weaknesses
9- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -13.2% over past five years.
- Promoter holding is low: 18.2%
- Contingent liabilities of Rs.439 Cr.
- Promoters have pledged 30.7% of their holding.
- Company has high debtors of 1,142 days.
- Company's cost of borrowing seems high
- Promoter holding has decreased over last 3 years: -45.2%
- Working capital days have increased from 429 days to 855 days
Growth Rate
Revenue Growth
-77.35% lower than
3Y
Net Income Growth
-112% lower than
3Y
Cash Flow Change
138% higher than
3Y
ROE
-111% lower than
3Y
ROCE
-101% lower than
3Y
EBITDA Margin (Avg.)
-101% higher than
3Y
Quarterly Results
| Particulars | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.28 | 8.11 | 6.11 | 7.47 | 157 | 35.77 | 15.86 | 15.7 | 11.26 | 44.26 | 1.69 | 7.95 | 9.19 |
| Expenses | 11.26 | 12.76 | 12.4 | 10.69 | 78.28 | 20.42 | 12.48 | 10.92 | 9.03 | 67.66 | 14.28 | 11.06 | 10.53 |
| Operating Profit | -4.98 | -4.65 | -6.29 | -3.22 | 78.86 | 15.35 | 3.38 | 4.78 | 2.23 | -23.4 | -12.59 | -3.11 | -1.34 |
| OPM % | -79.3% | -57.34% | -102.95% | -43.11% | 50.18% | 42.91% | 21.31% | 30.45% | 19.8% | -52.87% | -744.97% | -39.12% | -14.58% |
| Other Income | 2.33 | 3.69 | 2.11 | 2.34 | 13.54 | 211 | 2.73 | 3.2 | 2.87 | 2.29 | 11.81 | 10.74 | 3.24 |
| Interest | 10.57 | 6.28 | 10.51 | 6.57 | 10.26 | -3.27 | 3.61 | 6.14 | 0.68 | 13.07 | 0.52 | 0.28 | 0.43 |
| Depreciation | 0.71 | 0.68 | 0.63 | 0.72 | 0.71 | 0.69 | 0.69 | 0.69 | 0.69 | 0.74 | 0.12 | 0.12 | 0.26 |
| PBT | -13.93 | -7.92 | -15.32 | -8.17 | 81.43 | 229 | 1.81 | 1.15 | 3.73 | -34.92 | -1.42 | 7.23 | 1.21 |
| Tax % | -0.07% | -12.5% | 0% | 109.06% | 22.41% | 11.57% | 0% | 0% | 0% | 0.09% | 0% | 0% | 0% |
| Net Profit | -13.92 | -6.92 | -15.31 | -17.08 | 63.18 | 203 | 1.81 | 1.14 | 3.73 | -34.95 | -1.42 | 7.24 | 1.21 |
| EPS in Rs | -1.16 | -0.58 | -1.28 | -1.42 | 5.27 | 16.9 | 0.13 | 0.08 | 0.26 | -2.48 | -0.1 | 0.51 | 0.09 |
Profit & Loss
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 261 | 234 | 185 | 232 | 284 | 226 | 176 | 37 | 138 | 75 | 206 | 87 | 63 |
| Expenses | 251 | 224 | 172 | 212 | 253 | 196 | 203 | 90 | 160 | 59 | 122 | 99 | 104 |
| Operating Profit | 10 | 10 | 13 | 20 | 31 | 30 | -26 | -53 | -22 | 16 | 85 | -12 | -40 |
| OPM % | 4% | 4.5% | 7% | 9% | 11% | 13% | -15% | -141% | -16% | 22% | 41% | -14% | -64% |
| Other Income | 5 | 3 | 11 | 4 | 8 | 7 | 25 | 13 | 5 | -85 | 229 | 11 | 28 |
| Interest | 19 | 26 | 33 | 34 | 36 | 33 | 32 | 30 | 29 | 38 | 24 | 25 | 14 |
| Depreciation | 1 | 1 | 2 | 6 | 6 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 1 |
| PBT | -6 | -13 | -11 | -15 | -3 | -2 | -38 | -73 | -49 | -109 | 287 | -28 | -28 |
| Tax % | 36% | -16% | -7% | -22% | 45% | -170% | -10% | -24% | -14% | 7% | 19% | 0% | — |
| Net Profit | -8 | -11 | -10 | -12 | -5 | 1 | -34 | -56 | -42 | -117 | 234 | -28 | -28 |
| EPS in Rs | -0.66 | -0.94 | -0.82 | -0.99 | -0.4 | 0.1 | -2.86 | -4.63 | -3.49 | -9.78 | 19.46 | -2.01 | -1.98 |
| Div. Payout % | -8% | 0% | 0% | -5% | -13% | 49% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 14 | 14 |
| Reserves | 379 | 368 | 358 | 346 | 354 | 354 | 315 | 260 | 219 | 103 | 340 | 363 | 399 |
| Borrowings | 142 | 299 | 379 | 457 | 665 | 652 | 641 | 633 | 603 | 266 | 188 | 85 | 80 |
| Other Liabilities | 678 | 658 | 709 | 688 | 687 | 851 | 935 | 984 | 1,011 | 1,009 | 716 | 728 | 698 |
| Total Liabilities | 1,211 | 1,337 | 1,458 | 1,503 | 1,717 | 1,869 | 1,903 | 1,889 | 1,845 | 1,390 | 1,255 | 1,190 | 1,191 |
| Fixed Assets | 29 | 28 | 71 | 96 | 100 | 82 | 70 | 67 | 59 | 48 | 46 | 52 | 19 |
| CWIP | 23 | 44 | 28 | 10 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 5 |
| Investments | 12 | 13 | 13 | 3 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 2 | 4 |
| Other Assets | 1,147 | 1,252 | 1,345 | 1,394 | 1,599 | 1,770 | 1,814 | 1,804 | 1,768 | 1,324 | 1,190 | 1,130 | 1,163 |
| Total Assets | 1,211 | 1,337 | 1,458 | 1,503 | 1,717 | 1,869 | 1,903 | 1,889 | 1,845 | 1,390 | 1,255 | 1,190 | 1,191 |
Cash Flow
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 30 | -109 | -46 | -56 | -166 | -3 | 116 | 258 | 17 | 421 | -112 | 43 |
| Investing | -7 | -20 | -18 | -2 | 4 | 21 | 7 | 16 | 16 | 9 | 207 | 12 |
| Financing | -22 | 131 | 46 | 50 | 165 | -26 | -115 | -265 | -43 | -357 | -138 | -77 |
| Net Cash Flow | 1 | 1 | -18 | -8 | 4 | -8 | 9 | 9 | -10 | 73 | -43 | -22 |
| Free Cash Flow | 21 | -131 | -75 | -62 | -167 | 6 | 118 | 259 | 18 | 421 | -105 | 42 |
| CFO/OP | 270 | -965 | -337 | -260 | -558 | 14 | -455 | -490 | -87 | 2,620 | -105 | -352 |
Ratios
| Particulars | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 160 | 212 | 391 | 290 | 280 | 532 | 792 | 3,254 | 855 | 608 | 439 | 1,142 |
| Inventory Days | — | — | — | — | — | — | — | — | 4,824 | — | 6,783 | — |
| Days Payable | — | — | — | — | — | — | — | — | 421 | — | 846 | — |
| Cash Conversion Cycle | 160 | 212 | 391 | 290 | 280 | 532 | 792 | 3,254 | 5,258 | 608 | 6,377 | 1,142 |
| Working Capital Days | 430 | 643 | 860 | 627 | 730 | 958 | 1,002 | 1,375 | 213 | 141 | 292 | 855 |
| ROCE % | 3% | 2% | 3% | 2% | 4% | 3% | -2% | -5% | -2% | 4% | 66% | 0% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Vipul insights
31 extracted metrics + investor summaries across FY13–FY25.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
23 Apr - Vipul Ltd says it is not a Large Corporate; outstanding borrowing was INR 76.21 crore as of March 31, 2026. 23 Apr - Vipul Ltd says it is not a Large Corporate; outstanding borrowing was INR 76.21 crore as of March 31, 2026.
2
Announcement under Regulation 30 (LODR)-Restructuring
23 Apr - NCLT approved merger of five wholly owned subsidiaries into Vipul Ltd, effective 1 April 2022. 23 Apr - NCLT approved merger of five wholly owned subsidiaries into Vipul Ltd, effective 1 April 2022.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
10h - Vipul Ltd says it is not a Large Corporate; outstanding borrowing was INR 76.21 crore as of March 31, 2026. 10h - Vipul Ltd says it is not a Large Corporate; outstanding borrowing was INR 76.21 crore as of March 31, 2026.
4
Announcement under Regulation 30 (LODR)-Restructuring
9h - NCLT approved merger of five wholly owned subsidiaries into Vipul Ltd, effective 1 April 2022. 9h - NCLT approved merger of five wholly owned subsidiaries into Vipul Ltd, effective 1 April 2022.
5
Vipul Limited Has informed About The Reason Of Delay In Providing Material Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015
6 Apr - Vipul Ltd explains delay in disclosing earlier material information due to unavailable details and Holi holidays. 6 Apr - Vipul Ltd explains delay in disclosing earlier material information due to unavailable details and Holi holidays.
Frequently Asked Questions about Vipul
What does Vipul Ltd do?
Incorporated in 1991, Vipul Ltd is in the
business of Real Estate Development[1]
Where is Vipul Ltd (VIPULLTD) listed?
Vipul Ltd trades as VIPULLTD on the NSE and under code 511726 on the BSE.
Which sector does Vipul Ltd belong to?
Vipul Ltd is classified under the Consumer Discretionary sector, in the Realty industry.
What is the market capitalisation of Vipul Ltd?
Vipul Ltd has a market capitalisation of ₹186.49 Cr, which places it in the Small Cap band.
What is the PE ratio of Vipul Ltd?
Vipul Ltd trades at a PE ratio of -7.10, against a book value of ₹29.23 per share.
What is the 52-week high and low of Vipul Ltd?
Over the last 52 weeks Vipul Ltd has traded between ₹7.38 and ₹18.6.
What is the Return on Equity (ROE) of Vipul Ltd?
Vipul Ltd reported a return on equity of -7.50%. Its debt-to-equity ratio is 0.23.
Company Information
Incorporated in 1991, Vipul Ltd is in the business of Real Estate Development[1]
Website vipulgroup.in
CEO Mr. Punit Beriwala B.Com.
Employees 56
Listed 2015-04-23
Face Value ₹ 1
Issued Size 14,09,59,480
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