Vipul share price & results
- Jun 2026
- Jun 2026
Gurugram-focused real estate developer building integrated townships, group housing, luxury villas and retail/office space across North India.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7.7 | +356.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -246.5 | +498.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -0.77 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | -4.08 | +3.5 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -56.71 | −104.4 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | -10.01 | +26.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +11.1% 1Y
1Y: ₹8.13 on 24 Oct 2025 → ₹9.03. High ₹17.81 (13 Jul 2026), low ₹7.46 (3 Dec 2025).
- Previous close
- ₹8.62
- Market cap
- ₹138 Cr
- 52-week range
- ₹7.46 – ₹17.81
- One year
- +11.90%
- Return on equity (TTM to Jun 2026)
- -4.08%
Overview
- Symbol
- NSE:VIPULLTD
- Sector
- Realty
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Vipul Limited does
Based on the company's own presentations, annual report and earnings calls.
Vipul Limited is a real estate developer whose business is concentrated on Golf Course Road and other sectors of Gurugram, with additional projects in Bhubaneswar, Ludhiana, Bawal and Faridabad. It develops and sells integrated townships, group-housing and luxury apartments, independent floors/villas, and retail and office space, monetising a land bank it holds across these North Indian locations. The company has been developing and delivering residential and commercial projects in Gurugram since 2000, including its flagship Aarohan township on Golf Course Road.
Segments
- Integrated townships
- Group housing & luxury apartments
- Independent floors & lavish villas
- Retail & office space
- Land bank
- 220 acres across Gurugram, Ludhiana, Bhubaneswar & Bawal (>75% Gurugram-based)
- Cumulative area delivered
- ~12 mn sq. ft.
- Ongoing projects
- 12, spanning ~65 lakh sq. ft. across Gurugram, Ludhiana, Bhubaneswar, Bawal & Faridabad (as of Sep-2018)
- Area under construction
- ~2 mn sq. ft.
- Unsold inventory in ongoing projects
- ~4.23 lakh sq. ft. (as of Sep-2018)
- Projects delivered in Gurugram
- 19 (cumulative ~9.33 mn sq. ft. sold)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +46% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 11 | 44 | 2 | 8 | 9 | 41 | 8 |
| Expenses | 11 | 9 | 68 | 14 | 11 | 11 | 59 | 27 |
| Operating profit | 5 | 2 | -23 | -13 | -3 | -1 | -18 | -19 |
| Operating margin | 30.4% | 19.8% | −52.9% | −745.0% | −39.1% | −14.6% | −44.1% | −246.5% |
| Other income | 3 | 3 | 2 | 12 | 11 | 3 | 11 | 20 |
| Interest | 6 | 1 | 13 | 1 | 0 | 0 | 6 | 2 |
| Depreciation | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 4 | -35 | -1 | 7 | 1 | -14 | -1 |
| Tax rate | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 9.5% | 0.0% |
| Net profit | 1 | 4 | -35 | -1 | 7 | 1 | -15 | -1 |
| EPS (₹ per share) | 0.08 | 0.26 | -2.48 | -0.10 | 0.51 | 0.09 | -1.10 | -0.05 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Sales | 206 | 87 | 60 |
| Expenses | 122 | 100 | 95 |
| Operating profit | 85 | -13 | -35 |
| Other income | 229 | 11 | 36 |
| Interest | 24 | 24 | 8 |
| Depreciation | 3 | 3 | 1 |
| Profit before tax | 287 | -28 | -7 |
| Net profit | 234 | -28 | -8 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 12 | 12 | 12 | 14 | 14 | 14 |
| Reserves | 219 | 103 | 340 | 363 | 399 | 352 |
| Borrowings | 603 | 266 | 188 | 85 | 80 | 82 |
| Other liabilities | 1,011 | 1,009 | 716 | 728 | 698 | 668 |
| Total liabilities | 1,845 | 1,390 | 1,255 | 1,190 | 1,191 | 1,116 |
| Fixed assets | 59 | 48 | 47 | 52 | 19 | 5 |
| Capital work in progress | 12 | 12 | 12 | 5 | 5 | 5 |
| Investments | 6 | 6 | 6 | 2 | 4 | 2 |
| Other assets | 1,768 | 1,324 | 1,190 | 1,130 | 1,163 | 1,103 |
| Total assets | 1,845 | 1,390 | 1,255 | 1,190 | 1,191 | 1,116 |
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | 116 | 258 | 17 | 421 | -112 | 43 |
| Cash from investing | 7 | 16 | 16 | 9 | 207 | 12 |
| Cash from financing | -115 | -265 | -43 | -357 | -138 | -77 |
| Net cash flow | 9 | 9 | -10 | 73 | -43 | -22 |
| Free cash flow | 118 | 259 | 18 | 421 | -105 | 42 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 3254 | 855 | 608 | 439 | 1142 | 1653 |
| Inventory days | — | 4824 | — | 6783 | — | 2589 |
| Days payable | — | 421 | — | 846 | — | 270 |
| Cash conversion cycle | 3254 | 5258 | 608 | 6377 | 1142 | 3972 |
| Working capital days | 1375 | 213 | 141 | 292 | 855 | 1657 |
| Return on capital employed | −5.3% | −1.8% | 3.8% | 66.2% | −0.4% | −1.5% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Who owns it
Public hold 68.69% as of Jun 2026; institutions cut 1.79 pts since Mar 2026.
- Promoters 18.25%
- Foreign institutions 10.42%
- Domestic institutions 2.65%
- Public 68.69%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.99% held
- newly disclosed 1.37% held
- +1.03 pp 2.77% held
The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Vipul Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 6.98% | unchanged | |
| 6.26% | unchanged | |
| Corporate | 5.71% | −1.83 pp |
| 2.96% | unchanged | |
| 2.77% | +1.03 pp | |
| 2.65% | unchanged | |
| FPI fund | 2.48% | unchanged |
| 2.05% | unchanged | |
| 1.99% | newly disclosed | |
| 1.89% | unchanged | |
| 1.88% | −0.83 pp | |
| NBFC / DFI | 1.66% | 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.
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