1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: major diversified
Vikas EcoTech Limited

Vikas EcoTech Limited

0.99
INR
-0.01
(-1.00%)
0.02EPS
472.34P/E
2.16BMarket Cap
Vikas EcoTech Limited
BSE:VIKASECO
(Bombay Stock Exchange)

Recent

price

0.99

P/E

ratio

472.34

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
3.77
4.04
6.19
10.35
5.15
7.49
9.04
5.15
5.43
4.26
2.56
2.44
4.15
2.13
2.22
2.54
2.64
Revenue per Share
0.2
0.22
0.09
0.2
0.09
0.62
0.57
0.59
0.33
0.02
-0.32
0.01
0.1
0.06
0.1
0.01
- -
Basic EPS, GAAP
-0.51
0.1
-0.24
-0.14
-0.36
-0.36
-0.79
-0.42
-0.19
0.57
0.25
-0.21
0.91
0.95
-0.39
-0.84
- -
Free Cash Flow per Basic Share
0.03
0.01
0.01
0.03
0.01
0.03
0.03
0.03
0.03
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.64
0.85
0.92
1
1.06
1.65
2.95
2.84
3.14
3.17
2.85
2.39
2.51
2.71
2.22
2.84
- -
Book Value per Share
0.64
0.84
0.92
0.99
1.06
1.65
2.95
2.84
3.14
3.17
2.83
2.38
2.51
2.61
2.15
2.75
- -
Tangible Book Value per Share
317
407
407
164
410
410
410
451
451
451
451
939
949
1,212
1,698
1,388
1,398
Basic Weighted Avg Shares
1,198
1,647
2,521
1,697
2,110
3,072
3,713
2,326
2,453
1,922
1,156
2,290
3,935
2,586
3,777
3,532
3,688
Sales/Revenue/Turnover
8.28
6.07
3.55
4.92
6.46
16.09
17.19
20.8
10.3
5.42
0.46
8.59
4.59
5.27
1.76
0.86
0.23
Operating Margin (%)
12
20
20
32
36
34
43
36
52
48
40
36
40
38
53
53
52
Depreciation Expense
63
90
37
33
38
255
232
267
150
10
-143
14
95
68
170
17
4
Net Income, GAAP
2.78
1.44
6.33
19.78
39.16
34.96
35.08
35.18
39.56
64.69
- -
33.52
9.18
27.34
21.11
43.86
50.04
Effective Tax Rate (%)
5.3
5.46
1.45
1.96
1.79
8.31
6.25
11.49
6.12
0.53
-12.42
0.61
2.42
2.65
4.5
0.47
0.1
Profit Margin (%)
126
192
235
164
295
486
1,089
865
1,084
971
693
1,638
1,246
700
1,452
2,618
- -
Working Capital
48
57
58
18
75
97
80
54
249
44
54
31
- -
2
5
10
- -
LT Debt
262
346
380
409
433
678
1,330
1,284
1,419
1,430
1,286
2,276
2,379
3,764
3,933
4,167
- -
Total Equity
30.32
8.98
2.87
2.58
3.04
17.23
10.3
11.56
5.08
2.13
- -
4.31
5.34
2.91
3.72
0.38
- -
Return on Invested Capital (%)
30.67
25.37
4.23
9.36
9.67
22.23
14.58
12.58
7.81
2.35
- -
4.45
5.84
3.26
4.96
0.64
- -
Return on Capital (%)
31.74
29.61
10.16
8.47
9
45.98
23.11
20.46
11.1
0.71
-10.57
0.78
4.09
2.23
4.41
0.42
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
287
- -
LT Borrowings
- -
9
- -
LT Finance Leases
- -
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,769
1,388
1,769
Market Capitalization
2,971
1,374
2,158

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,563
- -
Cash, Cash Equivalents & STI
- -
1,519
- -
Accounts Receivable, Net
- -
1,266
- -
Inventories
- -
413
- -
Total Current Liabilities
- -
945
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
287
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.41%
30.02%
5.96%
Free Cash Flow
-128.31%
-171.88%
78.53%
Net Income, GAAP
-113.61%
100.85%
-90.18%
Sales/Revenue/Turnover
10.27%
35.05%
-6.48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,011
892
848
1,026
3,777
2026
1,036
647
687
1,162
3,532
2027
1,192
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.07
0.02
- -
0.03
0.1
2026
0.02
0.01
-0.01
-0.01
0.01
2027
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Vikas EcoTech Limited manufactures and sells specialty additives, rubber-plastic and polymer compounds, and eco-friendly chemicals in India. The company offers organotin stabilizers including dimethyl tin dichloride, plasticizers such as DOP, DEP, DOA, DBP, DMP, DBM and DOM, flame-retardants, chlorinated polyethylene, epoxidized soyabean oil, thermoplastic rubber and elastomer compounds under brands like Tinmate, Thermate, Veeprene TPR and Veeprene TPE; it also produces specialty-recycled materials including poly vinyl chloride and polyethylene terephthalate compounds, as well as infrastructure products such as steel pipe fittings, MDPE pipes for gas applications, TMT bars, steel HR and CR coils, and ERW pipes; further, it trades in TAFMER/POE, ACEOX, CELLCOM, processing aids, impact modifiers, PE wax, styrene ethylene butylene styrene, styrene butadiene copolymer, styrene butadiene rubber, PVC resin, titanium dioxide, methanol, and carbon black. Products serve agriculture, infrastructure, packaging, electricals, footwear, pharmaceuticals, automotive, medical devices, components and other consumer sectors, with exports to 20 countries. Founded in 1984 and headquartered in New Delhi, the company operates through Infra & Energy, Chemical, Polymers & Special Additives, and Real Estate segments, with manufacturing facilities including Shahjahanpur in Rajasthan. In recent developments, Vikas EcoTech completed the acquisition of 100% stake in Vikas Organics Pvt Ltd for Rs 320 million in February 2024 to expand its plasticizer portfolio with plans for Rs 750 million investment in plant upgrades for halogen-free and phthalate-free products; it acquired 100% equity in Shamli Steel Private Limited for an enterprise value of Rs 1.6 billion in January 2024 to bolster infrastructure steel offerings; the company announced plans to raise up to Rs 2 billion in January 2025, appointed Mahavir Agarwal as CFO in December 2024, and secured orders including fire retardant materials worth Rs 28 million from Polycab and Rs 34.22 million from Olectra Greentech in 2025.