VIP Industries's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 56.59.
VIP Industries's Days Inventory for the
three
months ended in Mar. 2026 was 157.47.
VIP Industries's Days Payable for the
three
months ended in Mar. 2026 was 149.65.
Therefore, VIP Industries's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 64.41.
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
VIP Industries Cash Conversion Cycle Related Terms
VIP Industries Cash Conversion Cycle Historical Data
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The historical data trend for VIP Industries's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:VIPIND vs NKE, DECK, ONON: Cash Conversion Cycle Comparison
For the Footwear & Accessories subindustry, VIP Industries's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
VIP Industries Cash Conversion Cycle vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, VIP Industries's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where VIP Industries's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
VIP Industries's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
VIP Industries (NSE:VIPIND) has a Cash Conversion Cycle of 64.41 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on VIP Industries and its competitors.
Is VIP Industries' Cash Conversion Cycle too high?
VIP Industries' current Cash Conversion Cycle is 64.41. The Manufacturing - Apparel & Accessories industry median Cash Conversion Cycle is 124.30. VIP Industries' value of 64.41 is 48.2% below this industry median. Overall, VIP Industries has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' Cash Conversion Cycle compare to NKE and DECK?
VIP Industries' Cash Conversion Cycle of 64.41 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cash Conversion Cycle is 124.30. VIP Industries' value of 64.41 is 48.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Manufacturing - Apparel & Accessories company?
The median Cash Conversion Cycle among Manufacturing - Apparel & Accessories companies is 124.30, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. VIP Industries's current Cash Conversion Cycle of 64.41 is 48.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on VIP Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cash Conversion Cycle is 124.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current Cash Conversion Cycle is 64.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VIP Industries stock overvalued right now?
Based on GuruFocus' analysis, VIP Industries (NSE:VIPIND) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹400.96, compared to a current price of ₹312.45 — trading 22.1% below its estimated fair value. The current Cash Conversion Cycle is 64.41 and 48.2% below the Manufacturing - Apparel & Accessories industry median of 124.30. VIP Industries' overall GF Score™ is 70/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For VIP Industries (NSE:VIPIND), the current Cash Conversion Cycle is 64.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is VIP Industries (NSE:VIPIND) Overvalued in 2026?
Based on GuruFocus' analysis, VIP Industries stock appears to be undervalued.
The current stock price of ₹312.45 is trading 22.1% below its estimated GF Value™ of ₹400.96.
GuruFocus considers VIP Industries to be Modestly Undervalued.
Key valuation signals for NSE:VIPIND:
Cash Conversion Cycle: 64.41
GF Value™: ₹400.96 vs. price of ₹312.45 (22.1% below fair value)
Industry Position: 48.2% below the Manufacturing - Apparel & Accessories median
No single metric tells the full story. See the NSE:VIPIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VIP Industries Ltd is a luggage manufacturer based in India. The company's only segment is the manufacturing and marketing of luggage, bags, and accessories. Geographically, it derives a majority of revenue from India. VIP has a range of brands across luggage categories including Carlton, VIP Bags, Skybags, Aristocrat, Alfa, and Caprese through which it sells trolleys, rucksacks, backpacks, duffel bags, laptop bags, travel accessories, short-haul essentials, soft uprights, vanity cases, hard suitcases, briefcases, and others.
70GF Score
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