AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Registered Office Address 10 Sep - Registered office shifted in Delhi from Maviya Nagar to South Extension, effective 10 September 2026.
Source: Bse
Vipul Limited (VIPULLTD)
Small CapReal Estate stocks · Small cap · NSE
Vipul Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result29 Sept, 09:35 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -27.1% / mo · MACD + · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 35
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
VIPULLTDD candles · FIT view-11.6%Latest close ₹9.56 on 2026-10-19
Bar
-7.2%
RSI
34
MACD hist
0.04
52W pos
19%
2026-10-19O ₹10.30H ₹10.30L ₹9.54C ₹9.56Vol 1.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
VIPULLTDNifty RealtyNifty 500
- VIPULLTD
- -35.7%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -30.1 pp
Chart stats
19 Oct 2026- From 52W high
- -48.6%
- 52W range position
- 19%
- ATR (14)
- 5.9%
- Volume vs 20D
- 0.46x
- Avg traded value
- ₹0.3 Cr
- 20D price channel
- ₹8.9 - ₹12.9
₹18.6
₹7.4 - ₹18.6
₹0.6
Latest completed session
20-session average
57.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED13
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad5
Revenue -6.8% · PAT NDF YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model—
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence47
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 5/100Rev -7% YoY · margin expansion · +356% QoQ
Filed 29 Sept 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41 Cr | -6.8% | +355.6% |
| EBITDA | ₹-18 Cr | +21.7% | -1700.0% |
| Operating margin | -44.0% | +900 bps | -2900 bps |
| PAT | ₹-15 Cr | NDF | -1600.0% |
| PAT margin | -36.6% | +4296 bps | -4770 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- —
- P/B
- 0.40
- EV/EBITDA
- —
- Market Cap
- 148.00Cr
Profitability
- ROE
- -3.88%
- ROCE
- -1.50%
- ROA
- -0.76%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- -7.00%
- EPS 3Y
- 15.00%
Balance Sheet
- Debt/Equity
- 0.22
- Interest Coverage
- -4.50×
- Altman Z
- 0.63
- Book Value
- 26.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 7/5
- OCF
- -30.54 Cr
- EPS TTM
- -0.60
Shareholding
- Promoter Hold
- 18.25%
- Promoter Pledge
- 30.70%
- Momentum 52W
- 28%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 41.0+355.6% vs prev
Net Profit
₹ CrLatest: -15.0-1600.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 34.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~37.1% over last month) — short-term momentum negative.
- RSI(14) at 34 — falling, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 49% off 52W high · 30% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
63
RS percentile
Stage 1 Base / Transition
1M return
-22.0%
3M return
-35.7%
6M return
-11.9%
1Y return
+20.6%
RS 1D
0
RS 20D
-10
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is 18.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -1.9% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 101.25-1.63%
RS vs Nifty 500101
Valuation & peers
U-Score 13 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 13 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Distress Watch
Fundamental score breakdown
U band · OVERVALUEDValuation5/30
Growth12/25
Quality0/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
4/9 (+1)
Penalties
-8
Raw sum
13
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
13/100 · legacy band OVERVALUED
Positive drivers
- Growth contributes 12/25 to the score.
- Cash flow contributes 3/10 to the score.
- Valuation contributes 5/30 to the score.
Main drags
- Altman Z is 0.6, in distress territory.
- Promoter pledge is 30.7%.
- Penalty bucket subtracts 8 points.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
—
PB
0.4
EV/EBITDA
—
ROE
-3.9%
ROCE
-1.5%
FCF Yield
—
Debt/Equity
0.2
MoS
—
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
13
Previous: 13
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
—
No stored baseline yet
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
13
13
13
13
13
13
13
13
13
13
13
13
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
40.0
Growth-justified Value
—
— MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
PRAENG
Small
Prajay Engineers Syndicate Limited
Real Estate
match 167
16
—
-3.9%
—
OVERVALUED
TICL
Small
Twamev Construction and Infrastructure Limited
Real Estate
match 164
40
18.0
2.3%
+48%
WATCHLIST
PARSVNATH
Small
Parsvnath Developers Limited
Real Estate
match 164
10
—
—
—
OVERVALUED
SHRIKRISH
Small
Shri Krishna Devcon Limited
Real Estate
match 164
9
23.5
5.1%
-85%
OVERVALUED
THAKDEV
Small
Thakkers Developers Limited
Real Estate
match 164
40
8.9
3.3%
-196%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Vipul Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
47Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 4th percentile of the scored universe and 11th percentile within Real Estate. Main check: results consistency is weak at 5/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
15 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
4th percentile
overall median 67 · Real Estate: 11th pctile, median 61 · Small: 5th pctile, median 66
Evidence depth
Financial-only
15 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
34
weak · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
55
watch · leverage and solvency
Discipline
30
weak · capital discipline
Results
5
weak · quarterly consistency
Trust positives
- ▸FCF yield is 27.9%.
- ▸8 years of positive FCF.
Trust risks
- ▸Promoter pledge is elevated at 30.7%.
- ▸Altman Z is 0.69.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Promoter holding is only 18.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Vipul Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 4 Jul - Piyush Bairagi resigns as Company Secretary and Compliance Officer, effective June 15, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 9 Jul - Mr. Rajeev Gupta resigned as Independent Director effective June 4, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 29 Jun - Vipul appointed Dipesh Shah and Sunil Gupta as independent directors from June 26, 2026.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.