VIP Industries (NSE:VIPIND) ROCE %: -76.04% (As of Mar. 2026)

What is VIP Industries ROCE %?

VIP Industries NSE:VIPIND +0.05% 70 ROCE % is -76.04% as of Mar. 2026. GuruFocus rates NSE:VIPIND with a GF Score™ of 70/100 and a GF Value™ of ₹400.96 (Modestly Undervalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. VIP Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was -76.04%.

VIP Industries (NSE:VIPIND) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

VIP Industries ROCE % Related Terms

VIP Industries ROCE % Historical Data

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The historical data trend for VIP Industries's ROCE % 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 ROCE % Chart

VIP Industries Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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15.52

29.55

13.91

-1.91

-36.18

VIP Industries Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															-6.94	-0.17	-65.29	-18.00	-76.04

70GF Score

VIP Industries Ltd NSE:VIPIND

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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VIP Industries ROCE % Calculation

VIP Industries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	-2676.8	/	( ( (18563.7 - 9485.3)	+	(16042.2 - 10325.2) )	/ 2 )
	=	-2676.8	/	( (9078.4	+	5717)	/ 2 )
	=	-2676.8	/	7397.7
	=	-36.18 %

VIP Industries's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	-4347.2	/	( ( (0 - 0)	+	(16042.2 - 10325.2) )	/ 1 )
	=	-4347.2	/	( ( 0	+	5717 )	/ 1 )
	=	-4347.2	/	5717
	=	-76.04 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -76.04% mean?

VIP Industries (NSE:VIPIND) has a ROCE % of -76.04% as of Mar. 2026.

Is VIP Industries' ROCE % too high?

VIP Industries' current ROCE % is -76.04%. 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' ROCE % compare to NKE and DECK?

VIP Industries' ROCE % of -76.04% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Manufacturing - Apparel & Accessories company?

The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VIP Industries's current ROCE % is -76.04%. 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 ROCE % is -76.04%. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For VIP Industries (NSE:VIPIND), the current ROCE % is -76.04% 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:

ROCE %: -76.04%
GF Value™: ₹400.96 vs. price of ₹312.45 (22.1% below fair value)
GF Score™: 70/100 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

Industry Consumer Cyclical Manufacturing - Apparel & Accessories

Comparable Companies BOM:523025 BOM:526666 BOM:543523 BOM:543957 BOM:535601 BOM:526642 BOM:532829 BOM:526596 BOM:512595 NSE:ECOLINE NKE XTER:ADS TSE:7936 DECK ONON SHSE:600415 BIRK CROX SZSE:300979 XTER:PUM

Other Exchanges 507880:India

Address 88-C, Old Prabhadevi Road, DGP House, 5th Floor, Mumbai, MH, IND, 400 025

Website https://www.vipindustries.co.in

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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₹312.45

Price

₹400.96

GF Value

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