Vippy Spinpro Limited (VIPPYSP.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-2364.5%

-₹4,159.90

vs ₹183.70 price

Levered DCF

-₹4,631.58

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6.47×	8.24×	19.41×	9.47×	5.46×	6.8×	5.5×	5.31×
P/B	0.78×	1.08×	1.11×	1.42×	1.1×	0.56×	0.47×	0.59×
P/S	0.29×	0.34×	0.34×	0.65×	0.48×	0.31×	0.19×	0.21×
EV / EBITDA	5.91×	4.92×	7.88×	7.32×	4.47×	4.12×	4.4×	4.85×
Gross margin	17.0%	22.3%	19.1%	23.7%	26.2%	26.4%	22.2%	23.1%
Operating margin	6.0%	20.7%	3.2%	9.0%	11.2%	6.3%	4.4%	5.9%
Net margin	4.5%	4.1%	1.7%	6.9%	8.7%	4.5%	3.4%	3.9%
Current ratio	1.83×	3.55×	1.95×	3.39×	3.1×	5.38×	3.64×	2.1×
Debt / equity	1.12×	0.38×	0.82×	0.41×	0.23×	0.07×	0.19×	0.5×
Interest coverage	6.6×	42.69×	2.72×	26.83×	60.49×	17.51×	6.04×	6.48×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.0%	13.1%	5.7%	15.0%	20.2%	8.2%	8.6%	11.1%
Return on invested capital	5.2%	32.8%	4.2%	10.2%	15.5%	7.6%	7.5%	8.0%
Return on assets	5.2%	8.8%	2.9%	9.3%	15.0%	6.9%	6.5%	6.5%
Free cash flow yield	-107.5%	28.0%	-31.6%	-21.9%	-16.8%	19.6%	54.2%	-6.9%
Earnings yield	15.4%	12.1%	5.2%	10.6%	18.3%	14.7%	18.2%	18.8%
Enterprise value	₹1.9B	₹1.3B	₹1.5B	₹1.3B	₹801.4M	₹300.9M	₹292M	₹438.2M
Net debt / EBITDA	3.5×	1.27×	3.34×	1.63×	0.76×	0.42×	1.26×	2.22×
Cash conversion cycle (days)	140	94	125	129	184	215	158	178