Vipul Ltd
Vipul Ltd (VIPULLTD) last reported results for the quarter ended Mar 2026, with sales of ₹41 crore and net profit of ₹-15 crore. The stock last traded at ₹9.82, a market capitalisation of ₹138 crore. Over the past 52 weeks the stock has ranged between ₹7.38 and ₹18.7. Figures are as of 9 Oct 2026 and are not real time.
Vipul Ltd share price and key metrics
- Current price
- ₹9.82
- Market cap
- ₹138 cr
- Book value
- ₹26
- ROE
- -3.88%
- ROCE
- -1.50%
- Dividend yield
- 0.00%
- 52w high / low
- 18.7/7.38
Metrics as of 9 Oct 2026. Not real time.
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Vipul Ltd growth and returns
- 10 Years
- -11%
- 5 Years
- 10%
- 3 Years
- -7%
- TTM
- -32%
- 10 Years
- -6%
- 5 Years
- 12%
- 3 Years
- 15%
- TTM
- 47%
- 10 Years
- -19%
- 5 Years
- -20%
- 3 Years
- -13%
- 1 Year
- 7%
- 10 Years
- 0%
- 5 Years
- 9%
- 3 Years
- 19%
- Last Year
- -4%
Vipul Ltd quarterly results
In the quarter ended Mar 2026, sales were ₹41 cr, down 6.8% from ₹44 cr a year earlier. Net profit was ₹-15 cr, up 57.1% year on year.
| ₹ crore | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 16 | 11 | 44 | 2 | 8 | 9 | 41 |
| Expenses | 12 | 11 | 9 | 68 | 14 | 11 | 11 | 59 |
| Operating profit | 3 | 5 | 2 | -23 | -13 | -3 | -1 | -18 |
| OPM % | 21% | 30% | 20% | -53% | -745% | -39% | -15% | -44% |
| Other income | 3 | 3 | 3 | 2 | 12 | 11 | 3 | 11 |
| Interest | 4 | 6 | 1 | 13 | 1 | 0 | 0 | 6 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | 4 | -35 | -1 | 7 | 1 | -14 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% |
| Net profit | 2 | 1 | 4 | -35 | -1 | 7 | 1 | -15 |
| EPS (₹) | 0.13 | 0.08 | 0.26 | -2.48 | -0.10 | 0.51 | 0.09 | -1.10 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Vipul Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 232 | 284 | 226 | 176 | 37.22 | 138 | 74.92 | 206 | 87.08 | 59.58 |
| Operating profit | 20.39 | 30.61 | 30 | -26.14 | -52.62 | -21.99 | 16.15 | 84.81 | -11.77 | -34.36 |
| OPM % | 8.78% | 10.78% | 13.28% | -14.81% | -141.38% | -15.91% | 21.56% | 41.07% | -13.52% | -57.67% |
| Net profit | -11.85 | -4.79 | 1.22 | -34.35 | -55.52 | -41.83 | -117.34 | 234 | -28.29 | -8.43 |
| EPS (₹) | -0.99 | -0.40 | 0.10 | -2.86 | -4.63 | -3.49 | -9.78 | 19.46 | -2.01 | -0.60 |
TTM is the trailing twelve months to the most recent quarter.
Vipul Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 12.00 | 14.10 | 14.10 |
| Reserves | 346.04 | 353.76 | 353.98 | 314.94 | 260.20 | 219.36 | 102.62 | 339.79 | 362.93 | 352.23 |
| Borrowings | 457.45 | 664.83 | 652.20 | 641.21 | 633.34 | 602.60 | 266.43 | 187.81 | 84.86 | 81.60 |
| Other liabilities | 687.77 | 686.62 | 851.21 | 934.80 | 983.61 | 1,011.41 | 1,009.05 | 715.71 | 727.71 | 667.87 |
| Total liabilities | 1,503.26 | 1,717.21 | 1,869.39 | 1,902.95 | 1,889.15 | 1,845.37 | 1,390.10 | 1,255.31 | 1,189.60 | 1,115.80 |
| Fixed assets | 96.46 | 100.03 | 81.50 | 70.40 | 67.05 | 59.20 | 48.21 | 46.50 | 52.11 | 5.04 |
| CWIP | 10.47 | 11.30 | 11.41 | 11.77 | 11.79 | 11.84 | 11.94 | 12.11 | 5.12 | 5.31 |
| Investments | 2.61 | 6.79 | 6.84 | 6.89 | 6.58 | 6.19 | 6.22 | 6.40 | 2.22 | 2.26 |
| Other assets | 1,393.72 | 1,599.09 | 1,769.64 | 1,813.89 | 1,803.73 | 1,768.14 | 1,323.73 | 1,190.30 | 1,130.15 | 1,103.19 |
| Total assets | 1,503.26 | 1,717.21 | 1,869.39 | 1,902.95 | 1,889.15 | 1,845.37 | 1,390.10 | 1,255.31 | 1,189.60 | 1,115.80 |
As reported by the company. Total assets equal total liabilities by construction.
Vipul Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -56.20 | -165.62 | -3.43 | 116.00 | 258.46 | 17.24 | 420.52 | -111.95 | 42.97 | -30.54 |
| Cash from investing | -1.83 | 4.40 | 21.34 | 7.48 | 15.98 | 16.08 | 8.81 | 207.02 | 11.66 | 8.77 |
| Cash from financing | 50.39 | 165.35 | -25.88 | -114.91 | -265.37 | -43.00 | -356.71 | -138.47 | -76.75 | 9.56 |
| Net cash flow | -7.64 | 4.13 | -7.96 | 8.57 | 9.08 | -9.69 | 72.62 | -43.41 | -22.12 | -12.20 |
| Free cash flow | -61.65 | -167.00 | 5.87 | 117.93 | 259.32 | 18.35 | 421.02 | -104.75 | 41.53 | -33.79 |
| CFO / operating profit | -260% | -558% | 14% | -455% | -490% | -87% | 2,620% | -105% | -352% | 153% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Vipul Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 2.32% | 3.51% | 3.13% | -2.46% | -5.25% | -1.79% | 3.82% | 66.17% | -0.44% | -1.50% |
| Debtor days | 289.84 | 279.56 | 532.42 | 792.05 | 3,254.01 | 854.78 | 607.57 | 438.91 | 1,141.57 | 1,653.04 |
| Inventory days | — | — | — | — | — | 4,824.17 | — | 6,783.42 | — | 2,588.58 |
| Days payable | — | — | — | — | — | 421.43 | — | 845.50 | — | 270.10 |
| Cash conversion cycle | 289.84 | 279.56 | 532.42 | 792.05 | 3,254.01 | 5,257.52 | 607.57 | 6,376.82 | 1,141.57 | 3,971.52 |
| Working capital days | 626.85 | 730.00 | 957.65 | 1,001.57 | 1,374.58 | 213.34 | 140.75 | 291.63 | 855.45 | 1,657.26 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Vipul Ltd shareholding pattern
Promoters held 18.25% at Jun 2026, broadly unchanged since Jun 2025. FIIs 10.42% and DIIs 2.65%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 31.04% | 20.33% | 18.25% | 18.25% | 18.25% | 18.25% | 18.25% | 18.25% |
| FIIs | 7.23% | 6.13% | 7.25% | 9.65% | 8.81% | 11.27% | 13.20% | 10.42% |
| DIIs | 0.52% | 2.65% | 0.63% | 0.63% | 0.44% | 1.48% | 1.66% | 2.65% |
| Public | 61.21% | 70.89% | 73.88% | 71.49% | 72.49% | 68.99% | 66.89% | 68.69% |
| No. of shareholders | 21,072 | 27,918 | 30,815 | 30,928 | 30,763 | 29,970 | 28,236 | 27,971 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Vipul Ltd corporate filings
- Vipul Limited reports significant turnaround with FY2026 net profit of ₹63 crore, driven by a sharp jump in Q4 revenue to ₹157 crore and operating profit of ₹79 crore, reversing prior losses.Company Updatehigh impact
Cruxal's analysis: Vipul Limited has posted a substantial financial recovery in FY2026, with a net profit of…
Read the full analysis - Company's FY2026 Consolidated Financial Results Show Significant Turnaround with Profit of INR 63.18 crore, Driven by Exceptional Operating Performance and Strategic Asset RevaluationsBoard Meetinghigh impact
Cruxal's analysis: Vipul Limited reported a remarkable reversal from losses to a net profit of INR 63.18…
Read the full analysis - Vipul Limited schedules Board Meeting for September 29, 2026, to approve FY2026 Audited Financial Results and consider dividendBoard Meetinglow impact
Cruxal's analysis: Vipul Limited has announced a board meeting scheduled for September 29, 2026, to review…
Read the full analysis - The Company has informed stock exchanges for closure of trading window for dealing in securities of the company, shall remain closed from 01.10.2026 till the expiry of 48 hrs after declaration ....Insider Trading / SASTlow impact
- Vipul Limited announces in-principle approval for merger of six wholly-owned subsidiaries and board restructuringOthersmedium impact
Cruxal's analysis: Vipul Limited has received in-principle board approval to merge six of its wholly-owned…
Read the full analysis - Vipul Ltd announces change in registered office addressCompany Updatelow impact
Cruxal's analysis: Vipul Ltd has shifted its registered office from Unit No. 201, C-50, Malviya Nagar, New…
Read the full analysis - Vipul Ltd addresses ROC communication regarding CSR compliance for FY 2020-21 and FY 2021-22Company Updatelow impact
Cruxal's analysis: Vipul Ltd has received a communication from the Registrar of Companies (ROC) concerning…
Read the full analysis - Vipul Ltd clarifies delay in financial results due to NCLT-sanctioned amalgamationCompany Updatelow impact
Cruxal's analysis: Vipul Ltd has attributed the delay in filing financial results for the quarter…
Read the full analysis - Vipul Limited flags discrepancies in shareholding disclosure filed by Algoquant Fintech LimitedCompany Updatemedium impact
Cruxal's analysis: Vipul Limited has formally notified the stock exchanges regarding a discrepancy between…
Read the full analysis - Vipul Ltd receives ROC approval to extend AGM for FY2026 until December 30, 2026Company Updatelow impact
Cruxal's analysis: Vipul Ltd has been granted a three-month extension by the Registrar of Companies, Delhi…
Read the full analysis - Algoquant Fintech Limited discloses 5.26% stake acquisition in Vipul Limited via open marketInsider Trading / SASTmedium impact
Cruxal's analysis: Algoquant Fintech Limited, along with Persons Acting in Concert (PAC), has disclosed the…
Read the full analysis - Certificate under Regulatin 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended June 30, 2026Company Updatelow impact
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