VIP Industries Ltd, established in 1968 by Dilip Piramal under the name Aristo Plast Pvt. Ltd., is a prominent player in the luggage and travel accessories industry. With its headquarters in Mumbai, Maharashtra, the company has built a strong presence both domestically and internationally. VIP Industries offers a broad range of products, including luggage, backpacks, handbags, and travel accessories, under well-known brands like Aristocrat, Alfa, Caprese, Carlton, and Skybags. Over the years, the company has expanded its reach, with over 8,000 retail outlets in India and a network of retailers in 50 countries. VIP Industries operates multiple manufacturing plants in India and Bangladesh, with the capacity to produce more than 10 million pieces of luggage annually. The company has earned recognition for its excellence, receiving awards such as the Rajiv Gandhi National Quality Award and the Golden Peacock Innovation Award. VIP Industries prides itself on its values of entrepreneurship, innovation, meritocracy, and youthfulness, promoting a culture that encourages ownership, performance, and a vibrant, dynamic work environment. Its focus on continuous improvement, customer satisfaction, and global expansion has helped solidify its position as a leader in the luggage industry.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 51.23% | 51.77% | 51.76% | 51.75% | 51.74% |
| FIIs + | 7.76% | 7.49% | 8.07% | 7.32% | 7.81% |
| DIIs + | 14.70% | 12.84% | 12.68% | 13.76% | 12.26% |
| Public + | 26.32% | 27.91% | 27.50% | 27.18% | 28.19% |
| No. of Shareholders | 1,15,246 | 1,28,729 | 1,40,875 | 1,42,146 | 1,39,125 |
The shareholding pattern of VIP Industries has shown notable stability and minor shifts over time. As of September 2023, promoters hold 51.23% of the company, which increased slightly to 51.77% in December 2023 but has remained close to this level throughout 2024, stabilizing at 51.74% by September 2024. Foreign Institutional Investors (FIIs) have seen some fluctuation, with their stake decreasing from 7.76% in September 2023 to 7.49% in December 2023, before increasing to 8.07% in March 2024, and then stabilizing at 7.81% in September 2024. Domestic Institutional Investors (DIIs) hold a significant portion, but their share has slightly reduced, from 14.70% in September 2023 to 12.26% in September 2024. The public’s shareholding has gradually increased, rising from 26.32% in September 2023 to 28.19% by September 2024. Additionally, the number of shareholders has consistently grown, with a steady increase in the shareholder base from 1,15,246 in September 2023 to 1,39,125 by September 2024. These patterns reflect VIP Industries’ broad shareholder base and the ongoing interest from both institutional and retail investors.
Below are the trading platforms that you can use to purchase VIP Industries shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 549.05 | 477.44 |
V I P Industries’ maximum and minimum prices are expected to fluctuate within the range of ₹549.05 and ₹477.44 in December 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 554.54 | 426.57 |
| February 2025 | 560.15 | 430.88 |
| March 2025 | 571.91 | 439.93 |
| April 2025 | 566.25 | 435.57 |
| May 2025 | 549.75 | 422.89 |
| June 2025 | 574.49 | 441.92 |
| July 2025 | 563.23 | 433.25 |
| August 2025 | 580.65 | 446.65 |
| September 2025 | 587.62 | 452.01 |
| October 2025 | 602.89 | 463.76 |
| November 2025 | 617.97 | 475.36 |
| December 2025 | 645.77 | 496.75 |
As we step into 2025, V I P Industries is expected to experience maximum and minimum prices within the range of ₹554.54 and ₹426.57 in January 2025. Over the course of the year, the stock prices are forecasted to continue to rise, reaching a peak of ₹645.77 and a low of ₹496.75 in December 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 665.15 | 511.65 |
| February 2026 | 648.52 | 498.86 |
| March 2026 | 661.49 | 508.84 |
| April 2026 | 674.99 | 519.22 |
| May 2026 | 668.31 | 514.08 |
| June 2026 | 685.01 | 526.93 |
| July 2026 | 671.58 | 516.60 |
| August 2026 | 692.35 | 532.58 |
| September 2026 | 706.20 | 543.23 |
| October 2026 | 724.56 | 557.35 |
| November 2026 | 742.67 | 571.29 |
| December 2026 | 761.24 | 585.57 |
| When | Maximum Price | Minimum Price |
| January 2027 | 768.85 | 591.43 |
| February 2027 | 788.57 | 606.59 |
| March 2027 | 819.32 | 630.25 |
| April 2027 | 803.26 | 617.89 |
| May 2027 | 779.86 | 599.89 |
| June 2027 | 814.96 | 626.89 |
| July 2027 | 798.98 | 614.60 |
| August 2027 | 823.69 | 633.60 |
| September 2027 | 852.52 | 655.78 |
| October 2027 | 874.68 | 672.83 |
| November 2027 | 896.55 | 689.65 |
| December 2027 | 918.96 | 706.89 |
| When | Maximum Price | Minimum Price |
| January 2028 | 937.34 | 721.03 |
| February 2028 | 961.38 | 739.52 |
| March 2028 | 998.87 | 768.36 |
| April 2028 | 979.28 | 753.29 |
| May 2028 | 950.76 | 731.35 |
| June 2028 | 993.54 | 764.26 |
| July 2028 | 974.06 | 749.28 |
| August 2028 | 1,004.19 | 772.45 |
| September 2028 | 1,039.34 | 799.49 |
| October 2028 | 1,066.36 | 820.28 |
| November 2028 | 1,093.02 | 840.78 |
| December 2028 | 1,120.34 | 861.80 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,142.75 | 879.04 |
| February 2029 | 1,172.05 | 901.58 |
| March 2029 | 1,217.76 | 936.74 |
| April 2029 | 1,193.88 | 918.37 |
| May 2029 | 1,159.11 | 891.62 |
| June 2029 | 1,211.27 | 931.75 |
| July 2029 | 1,187.52 | 913.48 |
| August 2029 | 1,224.25 | 941.73 |
| September 2029 | 1,267.10 | 974.69 |
| October 2029 | 1,300.04 | 1,000.03 |
| November 2029 | 1,332.54 | 1,025.03 |
| December 2029 | 1,365.85 | 1,050.66 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,393.17 | 1,071.67 |
| February 2030 | 1,428.89 | 1,099.15 |
| March 2030 | 1,484.62 | 1,142.02 |
| April 2030 | 1,455.51 | 1,119.62 |
| May 2030 | 1,413.12 | 1,087.01 |
| June 2030 | 1,476.71 | 1,135.93 |
| July 2030 | 1,447.75 | 1,113.66 |
| August 2030 | 1,492.53 | 1,148.10 |
| September 2030 | 1,544.77 | 1,188.28 |
| October 2030 | 1,584.93 | 1,219.18 |
| November 2030 | 1,624.55 | 1,249.66 |
| December 2030 | 1,665.17 | 1,280.90 |
As we move into 2030, V I P Industries is projected to reach a maximum price of ₹1,393.17 and a minimum of ₹1,071.67 in January 2030. Throughout the year, the stock is expected to see continuous growth, reaching a peak of ₹1,665.17 and a low of ₹1,280.90 by December 2030.
Financial Condition of VIP Industries
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 1,714 | 619 | 1,290 | 2,082 | 2,245 | 2,246 |
| Expenses + | 1,418 | 683 | 1,143 | 1,765 | 2,047 | 2,139 |
| Operating Profit | 296 | -64 | 147 | 317 | 198 | 107 |
| OPM % | 17% | -10% | 11% | 15% | 9% | 5% |
| Other Income + | -36 | 48 | 36 | -16 | 37 | 15 |
| Interest | 25 | 31 | 26 | 31 | 59 | 70 |
| Depreciation | 87 | 78 | 70 | 74 | 99 | 114 |
| Profit before tax | 148 | -125 | 86 | 197 | 77 | -62 |
| Tax % | 25% | -22% | 22% | 22% | 29% | |
| Net Profit + | 112 | -97 | 67 | 152 | 54 | -46 |
| EPS in Rs | 7.91 | -6.9 | 4.73 | 10.75 | 3.83 | -3.23 |
| Dividend Payout % | 40% | 0% | 53% | 42% | 52% |
VIP Industries experienced significant fluctuations in its financial performance over the years. In 2020, the company recorded a consolidated sales figure of ₹1,714 Crores. However, the impact of the pandemic led to a sharp decline in 2021, with sales dropping to ₹619 Crores. The company showed resilience and a strong recovery in 2022, with sales reaching ₹1,290 Crores. The upward trend continued into 2023 and 2024, where sales were ₹2,082 Crores and ₹2,245 Crores, respectively, reflecting a solid rebound and growth.
On the expense side, VIP Industries faced rising costs, with total expenses increasing from ₹1,418 Crores in 2020 to ₹2,047 Crores in 2024. The company’s operating profit followed a similar pattern, starting at ₹296 Crores in 2020, then turning negative at ₹-64 Crores in 2021. However, there was a notable recovery in 2022 and 2023, with operating profits reaching ₹147 Crores and ₹317 Crores, respectively. Unfortunately, in 2024, the operating profit decreased to ₹198 Crores, with a further decline in the trailing twelve months (TTM) to ₹107 Crores. Other income showed fluctuations, moving from a negative ₹36 Crores in 2020 to a positive ₹37 Crores in 2024.
Net profit followed a volatile trend as well, starting at ₹112 Crores in 2020 before dropping to a loss of ₹97 Crores in 2021. The company regained profitability with ₹152 Crores in 2023 but saw a significant decline to ₹54 Crores in 2024, and a loss of ₹46 Crores in the TTM. EPS showed a similar trajectory, falling from ₹7.91 in 2020 to a negative ₹6.90 in 2021, then recovering to ₹10.75 in 2023, before decreasing to ₹3.83 in 2024 and turning negative again at ₹-3.23 in the TTM. Despite these fluctuations, VIP Industries maintained a dividend payout ratio of approximately 52% in 2024.
FAQs
What Is the Market Value of VIP Industries?
The market capitalization (Market Cap) of VIP Industries as of 8th December 2024 is ₹7,067 Crores.
As of 8th December 2024, the current share price of VIP Industries is ₹498.
The Share Price target of VIP Industries is expected to reach ₹1,665.17 by the end of 2030.
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Conclusion
In conclusion, VIP Industries Ltd. has showcased resilience in its financial performance, bouncing back well from the challenges of the pandemic. While the company has seen fluctuations in operating profit and net profit, its revenue has experienced steady growth, particularly in recent years. The shareholding pattern remains stable, with a significant portion controlled by promoters and strong participation from institutional and retail investors. Price projections indicate positive growth for the stock, with expectations of reaching ₹645.77 by 2025 and potentially ₹1,665.17 by December 2030. With a market capitalization of ₹7,067 crores and a current stock price of ₹498, VIP Industries is well-positioned for sustained growth, supported by its expanding domestic and international market presence.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading VIP Industries. This post on VIP Industries share price target from 2025 to 2030 is for educational purposes only.
What did we learn?
- 1 Shareholdings Patterns of V I P Industries
- 2 How to purchase VIP Industries shares?
- 3 VIP Industries Share Price Prediction 2024 – 2030
- 3.1 VIP Industries Share Price Target 2024
- 3.2 VIP Industries Share Price Target 2025
- 3.3 VIP Industries Share Price Prediction 2026
- 3.4 VIP Industries Share Price Target 2027
- 3.5 VIP Industries Share Price Target 2028
- 3.6 VIP Industries Share Price Target 2029
- 3.7 VIP Industries Share Price Prediction 2030
- 4 Financial Condition of VIP Industries
- 5 FAQs
- 6 Conclusion
