Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Vipul Ltd
Quarter-by-quarter operating performance
| 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 | 157.14 | 35.77 | 15.86 | 15.70 | 11.26 | 44.26 | 1.69 | 7.95 | 9.19 |
| Expenses + | 11.26 | 12.76 | 12.40 | 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 | -23.40 | -12.59 | -3.11 | -1.34 |
| OPM % | -79.30% | -57.34% | -102.95% | -43.11% | 50.18% | 42.91% | 21.31% | 30.45% | 19.80% | -52.87% | -744.97% | -39.12% | -14.58% |
| Other Income + | 2.33 | 3.69 | 2.11 | 2.34 | 13.54 | 211.31 | 2.73 | 3.20 | 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 |
| Profit before tax | -13.93 | -7.92 | -15.32 | -8.17 | 81.43 | 229.24 | 1.81 | 1.15 | 3.73 | -34.92 | -1.42 | 7.23 | 1.21 |
| Tax % | -0.07% | -12.50% | 0.00% | 109.06% | 22.41% | 11.57% | 0.00% | 0.00% | 0.00% | 0.09% | 0.00% | 0.00% | 0.00% |
| Net Profit + | -13.92 | -6.92 | -15.31 | -17.08 | 63.18 | 202.72 | 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 | 16.90 | 0.13 | 0.08 | 0.26 | -2.48 | -0.10 | 0.51 | 0.09 |
Financials of Vipul Ltd
Annual income statement trend
| 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% | 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 |
| Profit before tax | -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 | -0.40 | 0.10 | -2.86 | -4.63 | -3.49 | -9.78 | 19.46 | -2.01 | -1.98 |
| Dividend Payout % | -8% | 0% | 0% | -5% | -13% | 49% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Vipul Ltd
Capital structure and asset base
| 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 |
Financials of Vipul Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 30 | -109 | -46 | -56 | -166 | -3 | 116 | 258 | 17 | 421 | -112 | 43 |
| Cash from Investing Activity + | -7 | -20 | -18 | -2 | 4 | 21 | 7 | 16 | 16 | 9 | 207 | 12 |
| Cash from Financing Activity + | -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% |
Financials of Vipul Ltd
Working capital efficiency and return ratios
| 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% |
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