VIP Industries (NSE:VIPIND) Change In Working Capital: ₹0 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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NSE:VIPIND VIP Industries Ltd NSE:VIPIND
73 GF Score
Price ₹294.00
GF Value ₹401.91
Valuation Modestly Undervalued
! 7 Warning Signs
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What is VIP Industries Change In Working Capital?

VIP Industries NSE:VIPIND -2.08% 73 Change In Working Capital is ₹0 Mil as of Mar. 2026. GuruFocus rates NSE:VIPIND with a GF Score™ of 73/100 and a GF Value™ of ₹401.91 (Modestly Undervalued). The stock has 7 warning signs investors should review.

VIP Industries's change in working capital for the quarter that ended in Mar. 2026 was ₹0 Mil.

VIP Industries's change in working capital for the fiscal year that ended in Mar. 2026 was ₹3,788 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).


VIP Industries Change In Working Capital Related Terms


VIP Industries Change In Working Capital Historical Data

* Premium members only.

The historical data trend for VIP Industries's Change In Working Capital 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.

VIP Industries Change In Working Capital Chart

VIP Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,900.60 -962.30 -3,391.00 1,896.10 3,788.30

VIP Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
NSE:VIPIND
73GF Score
VIP Industries Ltd NSE:VIPIND
Change In Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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VIP Industries Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows Fiscal Years EndedJanuary 31,(Amounts in millions)
Cash flows from operating activities: 2014 2013 2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net (566) (614) (796)
Inventories (1,667) (2,759) (3,727)
Accounts payable 531 1,061 2,687
Accrued liabilities 103 271 (935)
Accrued income taxes (1,224) 981 994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

* 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.

What does a Change In Working Capital of ₹0 Mil mean?
VIP Industries (NSE:VIPIND) has a Change In Working Capital of ₹0 Mil as of Mar. 2026. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for VIP Industries.
Is VIP Industries' Change In Working Capital too high?
VIP Industries' current Change In Working Capital is ₹0 Mil. Overall, VIP Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does VIP Industries' Change In Working Capital compare to NKE and DECK?
VIP Industries' Change In Working Capital of ₹0 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Working Capital for a Manufacturing - Apparel & Accessories company?
A good Change In Working Capital depends on the Manufacturing - Apparel & Accessories industry context. However, Change In Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Working Capital mean?
A high Change In Working Capital can signal that a stock is expensive relative to its fundamentals. Change in Working Capital is the difference between current assets less current liabilities between the current period and the past period. View historical data for VIP Industries. VIP Industries's current Change In Working Capital is ₹0 Mil. 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 ₹401.91, compared to a current price of ₹294.00 — trading 26.8% below its estimated fair value. The current Change In Working Capital is ₹0 Mil. VIP Industries' overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Working Capital calculated?
Change In Working Capital is calculated from a company's financial statements. For VIP Industries (NSE:VIPIND), the current Change In Working Capital is ₹0 Mil 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 ₹294.00 is trading 26.8% below its estimated GF Value™ of ₹401.91. GuruFocus considers VIP Industries to be Modestly Undervalued.

Key valuation signals for NSE:VIPIND:

  • Change In Working Capital: ₹0 Mil
  • GF Value™: ₹401.91 vs. price of ₹294.00 (26.8% below fair value)
  • GF Score™: 73/100 with 7 warning signs

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 Business Description

Other Exchanges 507880:India
Address 88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025
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.
73GF Score

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Change In Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹294.00
Price
₹401.91
GF Value