VIPCLOTHNG
VIP Clothing financials
- Market cap
- ₹193 Cr
- Sector
- Textiles
What VIP Clothing Limited does
VIP Clothing Limited manufactures and markets innerwear and apparel for men, women and kids under its own brands VIP, Frenchie, Frenchie X and Frenchie U-19, and the licensed brand Eminence. Its product range spans vests, briefs, trunks and boxers for men and bras, panties, camisoles and nightwear for women, sold across economy, medium and premium price tiers. Manufacturing is carried out at its Thingallur (Tamil Nadu) facility, and products are sold through distributors, retailers, exclusive brand outlets and e-commerce platforms across India, with an export presence in Gulf-region countries and Mauritius.
Segments
- Men's innerwear
- Women's innerwear
- Kids & youth wear
- Licensed brand
- Retailer network
- 1,10,000+
- Distributor network
- 550+
- Manufacturing plants
- 1 (Thingallur, Tamil Nadu)
- Warehouses
- 3 (Mumbai, Kolkata & Thingallur; ~1,09,000 sq. ft. combined)
- Exclusive Brand Outlets (EBOs)
- 2
- E-commerce platforms
- 10+
Quarterly results
Q1 FY27: revenue down 1.2%, net profit down 14.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59 | 63 | 65 | 65 | 66 +12% | 51 −19% | 72 +10% | 65 −1% |
| EBITDA | 3 | 5 | 6 | 6 | 6 +80% | 4 −22% | 7 +19% | 5 −19% |
| Net profit | 1 | 2 | 2 | 2 | 2 +177% | 1 −53% | 4 +83% | 2 −14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −36.9% 1Y
1Y: ₹33.88 on 10 Sept 2025 → ₹21.38. High ₹40.56 (19 Sept 2025), low ₹14.79 (30 Mar 2026).
Financials, as filed
Revenue grew 8.4% a year over 3 years, FY23 to FY26. Operating margin widened to 9.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹199 Cr | ₹183 Cr | ₹237 Cr | ₹254 Cr |
| Operating profit | ₹11 Cr | ₹-5 Cr | ₹17 Cr | ₹23 Cr |
| Operating margin | 5.5% | -2.6% | 7.0% | 9.0% |
| Interest | ₹9 Cr | ₹9 Cr | ₹8 Cr | ₹9 Cr |
| Depreciation | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Net profit | ₹7 Cr | ₹-13 Cr | ₹5 Cr | ₹10 Cr |
| Net margin | 3.3% | -6.9% | 2.3% | 3.9% |
| Cash from operations | ₹13 Cr | ₹10 Cr | ₹-37 Cr | ₹20 Cr |
| Free cash flow | ₹24 Cr | ₹10 Cr | ₹-38 Cr | ₹20 Cr |
| ROCE | 5.0% | -3.0% | 6.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹17 Cr | ₹18 Cr | ₹18 Cr |
| Reserves | ₹119 Cr | ₹117 Cr | ₹135 Cr | ₹122 Cr | ₹171 Cr | ₹176 Cr |
| Borrowings | ₹93 Cr | ₹103 Cr | ₹89 Cr | ₹81 Cr | ₹76 Cr | ₹70 Cr |
| Other liabilities | ₹42 Cr | ₹48 Cr | ₹46 Cr | ₹52 Cr | ₹60 Cr | ₹64 Cr |
| Total liabilities | ₹270 Cr | ₹285 Cr | ₹286 Cr | ₹271 Cr | ₹324 Cr | ₹328 Cr |
| Fixed assets | ₹107 Cr | ₹104 Cr | ₹97 Cr | ₹99 Cr | ₹96 Cr | ₹95 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹163 Cr | ₹181 Cr | ₹188 Cr | ₹171 Cr | ₹228 Cr | ₹233 Cr |
| Total assets | ₹270 Cr | ₹285 Cr | ₹286 Cr | ₹271 Cr | ₹324 Cr | ₹328 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.48 pp while the public added +0.46 pp. The shareholder count shrank 3% to 31,542.
- Promoters
- 46.5%
- DIIs
- 0.0%
- Public
- 53.4%
Since Jun 2025
- FIIs −0.48 pp
- Public +0.46 pp
- DIIs +0.02 pp
How it drifted, 12 quarters
Over this window the public went from 50.1% to 53.4% — +3.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 49.6%, FIIs 0.3%, Public 50.1%.Dec '23: Promoters 49.6%, FIIs 0.0%, Public 50.4%.Mar '24: Promoters 49.6%, FIIs 0.1%, Public 50.3%.Jun '24: Promoters 49.6%, FIIs 0.0%, Public 50.4%.Sep '24: Promoters 49.6%, Public 50.4%.Dec '24: Promoters 46.5%, FIIs 0.5%, Public 53.0%.Mar '25: Promoters 46.5%, FIIs 0.5%, Public 53.0%.Jun '25: Promoters 46.5%, FIIs 0.5%, Public 53.0%.Sep '25: Promoters 46.5%, FIIs 0.5%, Public 52.9%.Dec '25: Promoters 46.5%, FIIs 0.5%, Public 53.0%.Mar '26: Promoters 46.5%, FIIs 0.1%, Public 53.3%.Jun '26: Promoters 46.5%, DIIs 0.0%, Public 53.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of VIP Clothing Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sunil Jaykumar Pathare | 18.85% | unchanged |
| Kapil Jaykumar Pathare | 16.72% | unchanged |
| Lalita Jaykumar Pathare | 8.14% | unchanged |
| Ashok Kishanchand Bhatia | 1.20% | unchanged |
| Kanishk Sunil Pathare | 1.04% | unchanged |
| Investor Education and Protection Fund (IEPF) | 1.00% | unchanged |
| Heena Sunil Pathare | 0.93% | unchanged |
| Ashwini Kapil Pathare | 0.76% | unchanged |
| Maxwell Capital Management P Ltd | 0.11% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse VIP Clothing Limited
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