Income Statement VIP Clothing Limited

Stocks

VIPCLOTHNG

INE450G01024

Apparel & Accessories

Market Closed - Bombay S.E. 08:02:30 01/10/26 pm AEST			5-day change	1st Jan Change
20.49 ^INR	-0.53%		-6.44%	-35.03%

12/09	VIP Clothing Limited announced that it has received INR 47.671875 million in funding	CI
13/08	VIP Clothing Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: VIP CLOTHING LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	1.82B	2.01B	1.83B	2.37B	2.54B
Other Revenues, Total	16.16M	9.4M	-	-	-
Total Revenues	1.83B	2.02B	1.83B	2.37B	2.54B
Cost of Goods Sold, Total	1.09B	1.24B	1.09B	1.46B	1.8B
Gross Profit	748M	779M	739M	906M	741M
Selling General & Admin Expenses, Total	515M	475M	608M	548M	351M
Provision for Bad Debts	-	-	-	-	-
Depreciation & Amortization - (IS)	38.48M	30.62M	27.18M	29.4M	26.3M
Other Operating Expenses	151M	152M	170M	187M	155M
Other Operating Expenses, Total	704M	657M	806M	764M	531M
Operating Income	43.84M	122M	-66.46M	142M	210M
Interest Expense, Total	-76.87M	-69.98M	-78.68M	-73.2M	-86.93M
Interest And Investment Income	1.94M	2.4M	3.6M	6.77M	5.64M
Net Interest Expenses	-74.93M	-67.58M	-75.08M	-66.43M	-81.29M
Currency Exchange Gains (Loss)	-11.54M	-15.11M	-7.92M	-4.55M	1.55M
Other Non Operating Income (Expenses)	-15.71M	-21.21M	-12.06M	-6.88M	-8.23M
EBT, Excl. Unusual Items	-58.34M	18.16M	-162M	64.04M	122M
Gain (Loss) On Sale Of Assets	-330K	-1.38M	67K	-	157K
Other Unusual Items	17.48M	66.3M	175K	6.19M	3.2M
EBT, Incl. Unusual Items	-41.2M	83.07M	-161M	70.23M	125M
Income Tax Expense	-19.06M	16.7M	-34.77M	15.66M	26.96M
Earnings From Continuing Operations	-22.13M	66.37M	-127M	54.56M	98.1M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	-22.13M	66.37M	-127M	54.56M	98.1M
Net Income - (IS)	-22.13M	66.37M	-127M	54.56M	98.1M
Net Income to Common Incl Extra Items	-22.13M	66.37M	-127M	54.56M	98.1M
Net Income to Common Excl. Extra Items	-22.13M	66.37M	-127M	54.56M	98.1M
Per Share Items
Net EPS - Basic	-0.27	0.8	-1.53	0.63	1.09
Basic EPS - Continuing Operations	-0.27	0.8	-1.53	0.63	1.09
Basic Weighted Average Shares Outstanding	82.6M	82.6M	82.6M	87.22M	90.13M
Net EPS - Diluted	-0.27	0.8	-1.53	0.62	1.07
Diluted EPS - Continuing Operations	-0.27	0.8	-1.53	0.62	1.07
Diluted Weighted Average Shares Outstanding	82.6M	82.6M	82.6M	88.42M	91.34M
Normalized Basic EPS	-0.44	0.14	-1.22	0.46	0.84
Normalized Diluted EPS	-0.44	0.14	-1.22	0.45	0.83
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	67.54M	138M	-54.37M	155M	221M
EBITA	43.84M	122M	-66.46M	142M	210M
EBIT	43.84M	122M	-66.46M	142M	210M
EBITDAR	79.02M	148M	-44.38M	165M	222M
Total Revenues (As Reported)	1.86B	2.02B	1.84B	2.38B	2.55B
Effective Tax Rate - (Ratio)	46.28	20.11	21.56	22.3	21.56
Total Current Taxes	-	11.96M	-	-	-19.94M
Total Deferred Taxes	-19.06M	4.74M	-34.77M	15.66M	46.91M
Normalized Net Income	-36.46M	11.35M	-101M	40.02M	76.07M
Interest on Long-Term Debt	4.36M	3.62M	3.03M	4.74M	3.97M
Non-Cash Pension Expense	117K	-15K	379K	432K	409K
Supplemental Operating Expense Items
Advertising Expense	27.26M	42.88M	57.79M	51.81M	21.95M
Selling and Marketing Expenses	97.01M	101M	119M	51.81M	21.95M
Net Rental Expense, Total	11.48M	10.05M	9.99M	9.89M	965K
Imputed Operating Lease Interest Expense	7.2M	5.86M	7.44M	7.11M	883K
Imputed Operating Lease Depreciation	4.28M	4.19M	2.55M	2.78M	81.94K
Maintenance & Repair Expenses, Total	9.38M	10.35M	18.88M	16.98M	14.26M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	13.38M	113M	3M	7.07M	7.45M
Short Term Investments	35.41M	37.5M	40.72M	75.54M	83.72M
Total Cash And Short Term Investments	48.79M	150M	43.72M	82.61M	91.17M
Accounts Receivable, Total	604M	665M	583M	986M	958M
Other Receivables	184M	117M	70.01M	78.05M	42.4M
Notes Receivable	809K	1.92M	2.28M	2.25M	1.83M
Total Receivables	789M	783M	655M	1.07B	1B
Inventory	923M	807M	828M	924M	955M
Prepaid Expenses	5.56M	7.33M	7.9M	9.38M	6.66M
Other Current Assets, Total	31.66M	30.25M	21.44M	74.47M	116M
Total Current Assets	1.8B	1.78B	1.56B	2.16B	2.17B
Gross Property Plant And Equipment	649M	522M	531M	535M	520M
Accumulated Depreciation	-305M	-243M	-233M	-258M	-262M
Net Property Plant And Equipment	344M	280M	298M	277M	258M
Long-term Investments	835K	25K	-	20.04M	15K
Other Intangibles, Total	694M	694M	694M	694M	694M
Loans Receivable Long-Term	986K	1.45M	1.16M	1.1M	1.37M
Other Long-Term Assets, Total	9.89M	95.77M	157M	144M	159M
Total Assets	2.85B	2.85B	2.71B	3.29B	3.28B
Liabilities
Accounts Payable, Total	314M	283M	368M	470M	429M
Accrued Expenses, Total	27.88M	33.04M	46.05M	37.45M	46.72M
Short-term Borrowings	872M	751M	674M	735M	648M
Current Portion of Long-Term Debt	30.89M	35.56M	36.61M	32.72M	7.25M
Current Portion of Leases	17.36M	17.33M	14.07M	13.32M	12.32M
Current Income Taxes Payable	-	797K	-	-	-
Unearned Revenue Current, Total	8.97M	168K	340K	3.35M	2.66M
Other Current Liabilities	333K	3.77M	8.55M	8.57M	38.02M
Total Current Liabilities	1.27B	1.12B	1.15B	1.3B	1.18B
Long-Term Debt	100M	68.58M	36.79M	9.36M	2.46M
Long-Term Leases	13.4M	13.81M	44.04M	32.73M	26.51M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	7.27M	-	-	-	-
Deferred Tax Liability Non Current	62.71M	66.32M	30.89M	46.36M	73.34M
Other Non Current Liabilities	58.67M	63.59M	62.81M	59.01M	52.55M
Total Liabilities	1.51B	1.34B	1.32B	1.45B	1.34B
Common Stock, Total	165M	165M	165M	180M	180M
Additional Paid In Capital	747M	747M	747M	1.05B	1.05B
Retained Earnings	19.84M	82.84M	-45.65M	8.37M	106M
Comprehensive Income and Other	402M	516M	516M	605M	605M
Total Common Equity	1.33B	1.51B	1.38B	1.85B	1.94B
Total Equity	1.33B	1.51B	1.38B	1.85B	1.94B
Total Liabilities And Equity	2.85B	2.85B	2.71B	3.29B	3.28B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.6M	82.6M	82.6M	90.13M	90.13M
ECS Total Common Shares Outstanding	82.6M	82.6M	82.6M	90.13M	90.13M
Book Value / Share	16.15	18.3	16.75	20.48	21.57
Tangible Book Value	640M	818M	690M	1.15B	1.25B
Tangible Book Value Per Share	7.75	9.9	8.35	12.78	13.87
Total Debt	1.03B	886M	805M	823M	697M
Net Debt	985M	736M	762M	740M	606M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-206K	5.06M	5.97M	2.03M	4.83M
Debt Equivalent Oper. Leases	91.87M	80.37M	79.94M	79.14M	7.72M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	239M	218M	234M	310M	382M
Inventories - Work In Process, Total	185M	211M	201M	191M	251M
Inventories - Finished Goods, Total	498M	378M	393M	423M	322M
Land - (BS)	133M	129M	129M	129M	129M
Buildings, Total	189M	141M	141M	141M	141M
Machinery, Total	272M	192M	192M	198M	194M
Full Time Employees	1.04K	1.01K	1.05K	974	555
Accumulated Allowance for Doubtful Accounts (Supple)	30.12M	41.48M	75.98M	80.98M	89.98M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	-22.13M	66.37M	-127M	54.56M	98.1M
Depreciation & Amortization - CF	38.43M	30.57M	27.17M	29.4M	26.3M
Depreciation & Amortization, Total	38.43M	30.57M	27.17M	29.4M	26.3M
Amortization of Deferred Charges, Total - (CF)	54K	54K	7K	-	-
(Gain) Loss From Sale Of Asset	328K	-59.94M	-67K	-	157K
Provision and Write-off of Bad Debts	25.01M	13.28M	34.93M	5.12M	9.16M
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	44.38M	99.3M	52.2M	80.73M	105M
Change In Accounts Receivable	-24.12M	-77.51M	55.62M	-408M	20.29M
Change In Inventories	-156M	116M	-20.76M	-96.46M	-30.5M
Change In Accounts Payable	105M	-33.65M	87.24M	108M	-38.74M
Change in Other Net Operating Assets	-63.44M	-23.15M	-5.54M	-146M	12.62M
Cash from Operations	-52.68M	131M	104M	-374M	202M
Capital Expenditure	-696K	-2.34M	-1.7M	-6.22M	-105K
Sale of Property, Plant, and Equipment	-	113M	201K	-	28K
Investment in Marketable and Equity Securities, Total	-2.82M	-1.14M	-2.23M	40.58M	11.69M
Other Investing Activities, Total	3.77M	1.45M	2.03M	5.12M	5.89M
Cash from Investing	248K	111M	-1.7M	39.48M	17.51M
Short Term Debt Issued, Total	112M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	33.64M	-
Total Debt Issued	112M	-	-	33.64M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-19.59M	-164M	-127M	-14.47M	-132M
Total Debt Repaid	-19.59M	-164M	-127M	-14.47M	-132M
Issuance of Common Stock	-	113M	-	408M	17K
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-69.05M	-92.02M	-85.44M	-89.29M	-87.33M
Cash from Financing	22.87M	-143M	-212M	338M	-219M
Net Change in Cash	-29.56M	99.35M	-110M	4.07M	380K
Supplemental Items
Cash Interest Paid	69.05M	92.02M	85.44M	89.29M	87.33M
Cash Income Tax Paid (Refund)	869K	10.39M	2.21M	1.88M	667K
Levered Free Cash Flow	-103M	78.8M	106M	-400M	94.65M
Unlevered Free Cash Flow	-55.08M	123M	155M	-354M	149M
Change In Net Working Capital	120M	-17.98M	-171M	466M	8.27M
Net Debt Issued / Repaid	91.92M	-164M	-127M	19.17M	-132M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	0.99	2.68	-1.49	2.96	3.99
Return on Total Capital	1.18	3.2	-1.81	3.65	4.94
Return On Equity %	-1.65	4.66	-8.74	3.38	5.18
Return on Common Equity	-1.65	4.66	-8.74	3.38	5.18
Margin Analysis
Gross Profit Margin %	40.8	38.66	40.33	38.24	29.2
SG&A Margin	28.07	23.54	33.2	23.12	13.81
EBITDA Margin %	3.68	6.86	-2.97	6.56	8.72
EBITA Margin %	2.39	6.05	-3.63	5.99	8.26
EBIT Margin %	2.39	6.05	-3.63	5.99	8.26
Income From Continuing Operations Margin %	-1.21	3.29	-6.9	2.3	3.86
Net Income Margin %	-1.21	3.29	-6.9	2.3	3.86
Net Avail. For Common Margin %	-1.21	3.29	-6.9	2.3	3.86
Normalized Net Income Margin	-1.99	0.56	-5.51	1.69	3
Levered Free Cash Flow Margin	-5.62	3.91	5.78	-16.87	3.73
Unlevered Free Cash Flow Margin	-3	6.08	8.46	-14.93	5.87
Asset Turnover
Asset Turnover	0.66	0.71	0.66	0.79	0.77
Fixed Assets Turnover	5.1	6.46	6.35	8.24	9.49
Receivables Turnover (Average Receivables)	3.01	3.16	2.92	3.02	2.61
Inventory Turnover (Average Inventory)	1.28	1.43	1.34	1.67	1.91
Short Term Liquidity
Current Ratio	1.41	1.58	1.36	1.66	1.83
Quick Ratio	0.66	0.83	0.61	0.88	0.92
Operating Cash Flow to Current Liabilities	-0.04	0.12	0.09	-0.29	0.17
Days Sales Outstanding (Average Receivables)	121.27	115.4	125.45	120.89	139.75
Days Outstanding Inventory (Average Inventory)	284.12	255.37	273.62	218.59	190.84
Average Days Payable Outstanding	79.06	97.32	106.67	98.16	89.78
Cash Conversion Cycle (Average Days)	326.33	273.46	292.41	241.31	240.81
Long Term Solvency
Total Debt/Equity	77.49	58.62	58.21	44.6	35.85
Total Debt / Total Capital	43.66	36.95	36.79	30.84	26.39
LT Debt/Equity	8.52	5.45	5.84	2.28	1.49
Long-Term Debt / Total Capital	4.8	3.44	3.69	1.58	1.1
Total Liabilities / Total Assets	53.16	46.94	48.87	43.97	40.79
EBIT / Interest Expense	0.57	1.74	-0.84	1.94	2.41
EBITDA / Interest Expense	1.07	2.18	-0.5	2.34	2.71
(EBITDA - Capex) / Interest Expense	1.06	2.15	-0.52	2.26	2.71
Total Debt / EBITDA	12.56	5.81	-20.49	4.8	2.95
Net Debt / EBITDA	11.97	4.82	-19.38	4.32	2.57
Total Debt / (EBITDA - Capex)	12.67	5.9	-19.64	4.99	2.95
Net Debt / (EBITDA - Capex)	12.07	4.9	-18.58	4.49	2.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.76	9.93	-8.65	29.25	7.15
Gross Profit, 1 Yr. Growth %	26.89	5.28	-3.08	22.54	-18.19
EBITDA, 1 Yr. Growth %	87.63	97.52	-142.2	-385.98	42.32
EBITA, 1 Yr. Growth %	402.87	163.69	-159	-313.5	47.77
EBIT, 1 Yr. Growth %	402.87	163.69	-159	-313.5	47.77
Earnings From Cont. Operations, 1 Yr. Growth %	111.69	-399.87	-290.62	-143.13	79.78
Net Income, 1 Yr. Growth %	111.69	-399.87	-290.62	-143.13	79.78
Normalized Net Income, 1 Yr. Growth %	-41	-131.12	-989.51	-139.65	90.05
Diluted EPS Before Extra, 1 Yr. Growth %	107.69	-396.3	-291.46	-140.68	72.58
Accounts Receivable, 1 Yr. Growth %	0.08	10.01	-13.43	69.15	-2.9
Inventory, 1 Yr. Growth %	20.38	-12.56	2.57	11.65	3.3
Net Property, Plant and Equip., 1 Yr. Growth %	-8.22	-18.7	6.36	-6.84	-7.07
Total Assets, 1 Yr. Growth %	5.41	0.05	-5.33	21.74	-0.34
Tangible Book Value, 1 Yr. Growth %	-2.52	27.79	-15.71	67.05	8.52
Common Equity, 1 Yr. Growth %	-1.23	13.33	-8.5	33.42	5.32
Cash From Operations, 1 Yr. Growth %	-190.88	-474.55	-20.53	-458.25	-154.15
Capital Expenditures, 1 Yr. Growth %	-86.59	233.76	-27.4	265.43	-98.31
Levered Free Cash Flow, 1 Yr. Growth %	610.14	-361.92	-11.15	-477.14	-123.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-217.86	528.85	-4.82	-328.08	-142.11
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.38	18.04	-0.03	8.66	17.68
Gross Profit, 2 Yr. CAGR %	9.78	14.96	-0.07	8.98	0.13
EBITDA, 2 Yr. CAGR %	-32.56	95.96	-11.86	9.86	101.74
EBITA, 2 Yr. CAGR %	-50.19	274.17	19.83	12.23	77.62
EBIT, 2 Yr. CAGR %	-50.19	274.17	19.83	12.23	77.62
Earnings From Cont. Operations, 2 Yr. CAGR %	-61.52	151.95	139.09	-9.33	-11.94
Net Income, 2 Yr. CAGR %	-61.52	151.95	139.09	-9.33	-11.94
Normalized Net Income, 2 Yr. CAGR %	-54	-57.15	66.39	87.79	-13.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-61.38	148.07	138.18	-11.97	-16.21
Accounts Receivable, 2 Yr. CAGR %	11.47	4.93	-1.77	21.01	28.16
Inventory, 2 Yr. CAGR %	-0.03	2.6	-5.29	7.02	7.39
Net Property, Plant and Equip., 2 Yr. CAGR %	-7.01	-13.62	-7.01	-0.46	-6.96
Total Assets, 2 Yr. CAGR %	2.26	2.69	-2.53	7.36	10.15
Tangible Book Value, 2 Yr. CAGR %	-2.38	11.61	3.79	18.66	34.64
Common Equity, 2 Yr. CAGR %	-1.18	5.8	1.83	10.49	18.54
Cash From Operations, 2 Yr. CAGR %	-39.28	50.47	72.52	68.73	39.28
Capital Expenditures, 2 Yr. CAGR %	-49.12	-32.82	55.66	62.88	-75.15
Levered Free Cash Flow, 2 Yr. CAGR %	-27.61	132.95	87.64	83.06	-5.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-53.43	61.93	182.14	47.34	-2
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-4.25	4.84	8.21	8.91	8.15
Gross Profit, 3 Yr. CAGR %	-4.47	7.87	7.82	6.96	-0.95
EBITDA, 3 Yr. CAGR %	13.29	-2.36	14.74	30.49	19.76
EBITA, 3 Yr. CAGR %	34.35	-11.61	96.81	45.27	23.01
EBIT, 3 Yr. CAGR %	34.35	-11.61	96.81	45.27	23.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-29.04	-23.72	129.58	35.09	13.91
Net Income, 3 Yr. CAGR %	-29.04	-23.72	129.58	35.09	13.91
Normalized Net Income, 3 Yr. CAGR %	-3.62	-59.62	17.77	3.15	88.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.86	-23.83	127.55	31.93	10.18
Accounts Receivable, 3 Yr. CAGR %	-0.02	10.98	-1.15	17.74	12.45
Inventory, 3 Yr. CAGR %	-6.16	-4.4	2.59	0.05	5.76
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.79	-11.08	-7.41	-6.95	-2.71
Total Assets, 3 Yr. CAGR %	-1.98	1.52	0.05	4.97	4.73
Tangible Book Value, 3 Yr. CAGR %	-7.89	6.79	1.64	21.63	15.18
Common Equity, 3 Yr. CAGR %	-4.22	3.44	0.8	11.43	8.74
Cash From Operations, 3 Yr. CAGR %	-8.74	-2.79	21.63	120.1	15.52
Capital Expenditures, 3 Yr. CAGR %	-49.6	-4.49	-31.06	106.88	-64.48
Levered Free Cash Flow, 3 Yr. CAGR %	167.27	-26.29	93.94	136.8	-7.41
Unlevered Free Cash Flow, 3 Yr. CAGR %	1.96	-21.57	49.17	162.82	-2.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.61	-2.02	-2.58	6.25	11.9
Gross Profit, 5 Yr. CAGR %	-3.49	-3.46	-2.94	7.85	4.68
EBITDA, 5 Yr. CAGR %	-16.4	4.53	3.2	0.92	43.79
EBITA, 5 Yr. CAGR %	-19.5	8.5	29.74	-4.29	88.9
EBIT, 5 Yr. CAGR %	-19.5	8.5	29.74	-4.29	88.9
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.37	17.33	15.36	-18.26	56.48
Net Income, 5 Yr. CAGR %	-21.42	16.65	15.36	-18.26	56.48
Normalized Net Income, 5 Yr. CAGR %	38.7	-5.71	19.91	-25.32	4.24
Diluted EPS Before Extra, 5 Yr. CAGR %	-20.85	17.23	15.35	-19.29	52.44
Accounts Receivable, 5 Yr. CAGR %	2.71	0.39	-0.72	15.19	9.67
Inventory, 5 Yr. CAGR %	-2.23	-6.59	-5.81	0.01	4.48
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.49	-7.36	-5.09	-6.98	-7.23
Total Assets, 5 Yr. CAGR %	-3.54	-4.76	-2.2	3.88	3.97
Tangible Book Value, 5 Yr. CAGR %	15.78	3.28	-3.39	11.39	13.74
Common Equity, 5 Yr. CAGR %	-3.11	-4.93	-1.84	6.2	7.55
Cash From Operations, 5 Yr. CAGR %	-12.44	-4.63	8.51	21.2	28.4
Capital Expenditures, 5 Yr. CAGR %	-32.59	-22.48	-20.73	18.25	-54.17
Levered Free Cash Flow, 5 Yr. CAGR %	58.43	-20.27	81.35	15.21	45.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.99	-8.22	24.45	6.85	26.09