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Prices as of 9 Oct 2026 close · Not investment advice

Vipul Limited

NSE: VIPULLTDResidential, Commercial ProjectsTrade-to-trade true

Share price

₹9.82

+4.91% close of 9 Oct 2026

Market cap ₹138 CrP/E —

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

20

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹138 Cr

P/E ratio

—

P/B ratio

0.4

ROCE

-1.5%

ROE

-3.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹17.8152-week low ₹7.46

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Mar 2024 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Mar 2024 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
Vipul Limited — this one15%/yr——
Sobha Limited23%/yr53.8×₹2.3
Sri Lotus Developers and Realty Limited124%/yr45.7×—
Aditya Birla Real Estate Limited———
Signatureglobal (India) Limited37%/yr——
Max Estates Limited-12%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 75 of 86 on returns, 70 of 80 on growth, 78 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

It is losing money on the capital in the business, so there is no advantage to measure.

Whether its growth pays for itself

Yes — Over the last five years it made ₹338 crore of cash from the business, spent ₹4 crore on plant and equipment, and returned ₹605 crore to lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

How the profit check works

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 1 Oct 2026 · Consolidated · Audited

Revenue

₹41 Cr

Revenue vs last year

-7.9%

Revenue vs last quarter

+343.5%

Net profit

-₹15 Cr

Profit vs last quarter

-1645.0%

Net margin

-37.9%

EPS

₹-1.10

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹138 Cr
Prev close
₹9.82
52w High
₹18.6
52w Low
₹7.4
Enterprise value
₹185 Cr
Beta
0.5
Price CAGR 1y
6.0%
Price CAGR 3y
-13.0%
Price CAGR 5y
-20.0%
Price CAGR 10y
-19.0%

Ratios

Return on assets
-0.8%
PEG ratio
—
P/E ratio
—
P/B ratio
0.4
EV / EBITDA
—
Industry P/E
23.0
ROCE
-1.5%
ROCE 5y average
13.3%
ROE
-3.9%
Debt / Equity
0.2
Interest coverage
0.1
Dividend yield
0.0%
ROE 3y average
19.0%
ROE last year
-4.0%

Annual P&L

Annual revenue
₹60 Cr
Annual profit
-₹8 Cr
Operating margin
-57.7%
Net profit margin
-14.1%
EBITDA margin
-57.7%
Sales growth 3y
-7.4%
Sales growth 5y
9.9%
Profit growth 3y
15.0%
Profit growth 5y
12.0%
EPS
₹-0.6
Sales growth TTM
-32.0%
Profit growth TTM
47.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹41 Cr
Profit latest quarter
-₹15 Cr
YoY quarterly sales growth
-7.4%
YoY quarterly profit growth
—
OPM latest quarter
-44.0%

Balance Sheet

Book Value
₹26.0
Face Value
₹1.0
Total debt
₹82 Cr
Total cash
₹35 Cr
Borrowings
₹82 Cr
Reserves / Equity
25.0

Cash Flow

Operating cash flow
-₹31 Cr
Free cash flow
-₹34 Cr
FCF yield
-29.9%
Net cash flow
-₹12 Cr

Shareholding

Promoter holding
18.3%
FII holding
10.4%
DII holding
2.6%
Public holding
68.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
DLF635.0536.51,57,1951.23793.94.11,280.3-52.96.3
Lodha Developers1,069.1025.91,06,8440.391,373.1103.44,996.743.116.4
Phoenix Mills1,794.1049.564,1710.14394.523.31,074.912.812.4
Oberoi Realty1,673.4523.060,8470.47543.529.01,300.931.717.3
Prestige Estates1,409.2553.360,7010.14271.4-19.42,675.115.910.4
Godrej Propert.1,533.9028.646,2050.64349.4-41.7506.216.57.6
Anant Raj587.0036.521,1250.16149.218.9631.46.612.1
Vipul Ltd9.401330.00-15.554.140.8-7.9-1.5
Median135.1123.48690.008.426.585.011.07.6

Competes with: Anant Raj Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales8.116.117.4715736161611441.697.959.1941
Expenses1312117820121196814111159
Material Cost586.747.745.7425
Change in Inventories2.053.27-0.430.7011
Purchases of Stock-in-Trade00000
Employee Cost2.611.691.391.272.42
Other Expenses4.602.202.362.8220
Operating Profit-5-6-37915352-23-13-3-1-18
OPM %-57-103-435043213020-53-745-39-15-44
Other Income4221421133321211311
Exceptional items (within Other Income)-1.3007.3800
Interest611710-3461131006
Depreciation1111111110000
Profit before tax-8-15-881229214-35-171-14
Tax %-1201092212000000010
Net Profit-7-15-1763203214-35-171-15
EPS in Rs-0.58-1.28-1.425.27170.130.080.26-2.48-0.100.510.09-1.10
Diluted EPS in Rs-2.53-0.100.510.09-1.10

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales23418523228422617637138752068760
Expenses22417221225319620390160591229994
Material Cost8046
Change in Inventories-0.0414
Purchases of Stock-in-Trade00
Employee Cost9.146.76
Other Expenses1027
Operating Profit1013203130-26-53-221685-12-34
OPM %4.467.188.781113-15-141-162241-14-58
Other Income3.24114.427.566.5125135.24-852291136
Exceptional items (within Other Income)-1.307.38
Interest26333436333230293824257.63
Depreciation1.311.876.465.694.984.233.543.142.782.742.810.85
Profit before tax-13-11-15-3.30-1.72-38-73-49-109287-28-7.09
Tax %-16-6.95-2245-170-9.58-24-147.28190.1819
Net Profit-11-9.89-12-4.791.22-34-56-42-117234-28-8.43
EPS in Rs-0.94-0.82-0.99-0.400.10-2.86-4.63-3.49-9.7819-2.01-0.60
Diluted EPS in Rs-2.05-0.60
Dividend Payout %00-5.06-13490000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-11%
5 years
10%
3 years
-7%
TTM
-32%

Compounded profit growth

10 years
-6%
5 years
12%
3 years
15%
TTM
47%

Stock price CAGR

10 years
-19%
5 years
-20%
3 years
-13%
1 year
6%

Return on equity

10 years
0%
5 years
9%
3 years
19%
Last year
-4%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital121212121212121212121414
Reserves368358346354354315260219103340363352
Borrowings2993794576656526416336032661888582
Other Liabilities6587096886878519359841,0111,009716728668
Minority Interest0
Total Liabilities1,3371,4581,5031,7171,8691,9031,8891,8451,3901,2551,1901,116
Fixed Assets287196100827067594847525.04
CWIP442810111112121212125.125.31
Investments13132.616.796.846.896.586.196.226.402.222.26
Other Assets1,2521,3451,3941,5991,7701,8141,8041,7681,3241,1901,1301,103
Total Assets1,3371,4581,5031,7171,8691,9031,8891,8451,3901,2551,1901,116

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-109-46-56-166-3.4311625817421-11243-31
Cash from Investing Activity-20-18-1.834.40217.4816168.81207128.77
Cash from Financing Activity1314650165-26-115-265-43-357-138-779.56
Net Cash Flow1.48-18-7.644.13-7.968.579.08-9.6973-43-22-12
Free Cash Flow-131-75-62-1675.8711825918421-10542-34

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2123912902805327923,2548556084391,1421,653
Inventory Days4,8246,7832,589
Days Payable421846270
Cash Conversion Cycle2123912902805327923,2545,2586086,3771,1423,972
Working Capital Days6438606277309581,0021,3752131412928551,657
ROCE %1.953.172.323.513.13-2.46-5.25-1.793.8266-0.44-1.50

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters636361523120181818181818
FIIs000.191.877.236.137.259.658.81111310
DIIs0002.650.522.650.630.630.441.481.662.65
Public373739446171747172696769
No. of Shareholders7,2397,7438,9769,32421,07227,91830,81530,92830,76329,97028,23627,971

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +9.1% (₹9.00 → ₹9.82)Brick size ₹0.55 (fixed)Bricks 75
₹15.00₹9.82Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹9.82 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

1.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-03-31

the company's own loans / revolving facilities in default at period end (standalone filing)

79.10cr

2026-03-31

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

79.10cr

2026-03-31

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

46.60inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Vipul Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aluminium (facades, windows, fittings)
  • cement
  • steel (TMT reinforcement bars)

Depends on the price of

  • Interest Rates
  • aluminium
  • cement
  • steel

Sells to

  • Commercial office and retail tenants/occupiers · Commercial/retail real estate (business parks, plazas, office space)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Realty
Industry
Residential, Commercial Projects
Classification
Realty › Residential, Commercial Projects
ISIN
INE946H01037

News impact

Big market events that reach Vipul Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

12 Sep 2019unspecified₹0.05
19 Sep 2018unspecified₹0.05
13 Sep 2017unspecified₹0.04
23 Nov 2016interim₹0.01

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 0, delete 2, insert 7), 2016-10-30..2026-05-28 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
14 Aug 2026ALGOQUANT FINTECH LIMITEDBUY10,00,000₹14.30
15 Jul 2026ALLINA QURESHIBUY30,00,000₹17.63
15 Jul 2026MONEYPLANT GOLD & JEWELLERY TRADING L.L.CSELL27,76,990₹17.64
15 Jul 2026MOHAMMAD ASHRAF QURESHIBUY12,00,000₹17.71
15 Jul 2026MONEYPLANT GOLD & JEWELLERY TRADING L.L.CBUY3,31,858₹17.59
9 Jul 2026MONEYPLANT GOLD & JEWELLERY TRADING L.L.CBUY8,96,943₹16.18
3 Jul 2026MONEYPLANT GOLD & JEWELLERY TRADING L.L.CSELL40,00,000₹15.01
3 Jul 2026ALGOQUANT FINTECH LIMITEDBUY33,88,497₹15.13
3 Jul 2026EXPERTPRO REALTY PRIVATE LIMITEDBUY7,34,042₹15.03
3 Jul 2026EXPERTPRO REALTY PRIVATE LIMITEDSELL7,20,000₹15.74

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.