Vikas EcoTech

₹4 0 | 0.8%

WEBSITE BSE:530961 NSE : VIKASECO 18 May, 12:50

Market Cap ₹548 Cr.

Stock P/E 60.5

P/B 1.5

Current Price ₹4

Book Value ₹ 2.7

Face Value 1

52W High ₹5.6

Dividend Yield 0%

52W Low ₹ 2.8

Edit Ratio

Vikas EcoTech Research see more...

Overview Inc. Year: 1984Industry: Chemicals

Vikas EcoTech Ltd, formerly Vikas GlobalOne Ltd, is an India-based enterprise engaged within the commercial enterprise of producing and distribution of polymers compounds and additives. The Company's principal products consist of Thermoplastic Rubber Compounds. The Company's segments consist of Chemical Division, Real Estate Division, Agro Division and Service Division. Its geographical segments encompass Domestic (Sales to clients placed in India) and International (Sales to customers placed out of India). The Company is engaged within the business of manufacturing and distribution of high end merchandise used in Agricultural Pipes, Auto Parts, Wires and Cables, Artificial Leather, Footwear, Organic Chemicals, Polymers, Pharmaceuticals and Packaging industries. The Company additionally distributes international conglomerates with function in chemical compounds and polymers. Its production plants are spread in numerous geographical locations throughout India, in Jammu and Kashmir and Rajasthan.

Vikas EcoTech Share Price

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Peer Comparison

Vikas EcoTech Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Jun 2023	Sep 2023	Dec 2023
Net Sales	18	74	75	83	89	134	111	58	61	68
Other Income	0	1	0	-0	0	1	1	1	-0	0
Total Income	18	75	76	83	89	135	112	59	60	69
Total Expenditure	17	68	67	76	84	128	106	54	55	65
Operating Profit	1	7	9	7	5	7	6	5	5	4
Interest	4	5	4	5	3	3	3	2	2	1
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-4	1	4	1	2	4	3	2	2	2
Provision for Tax	0	0	0	0	0	0	0	1	1	0
Profit After Tax	-4	1	3	1	1	4	3	2	2	1
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-4	1	3	1	1	4	3	2	2	1
Adjusted Earnings Per Share	-0.1	0	0	0	0	0	0	0	0	0

Vikas EcoTech Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	157	170	211	307	371	233	245	192	116	250	403	298
Other Income	1	2	4	5	2	4	14	7	5	2	3	2
Total Income	158	172	215	312	373	237	259	199	121	252	406	300
Total Expenditure	149	159	194	258	304	181	216	181	112	228	381	280
Operating Profit	9	12	20	54	69	56	44	19	9	25	25	20
Interest	5	6	11	11	13	11	14	19	18	19	11	8
Depreciation	2	2	3	3	4	4	5	5	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	-16	0	0	8	0	0	0	0
Profit Before Tax	3	4	6	39	36	41	25	3	-13	2	10	9
Provision for Tax	0	1	2	14	13	15	10	2	1	1	1	2
Profit After Tax	3	3	4	26	23	27	15	1	-14	1	10	8
Adjustments	1	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	3	4	26	23	27	15	1	-14	1	10	8
Adjusted Earnings Per Share	0.1	0.1	0.1	0.6	0.5	0.6	0.3	0	-0.3	0	0.1	0

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	61%	28%	12%	10%
Operating Profit CAGR	0%	10%	-15%	11%
PAT CAGR	900%	115%	-18%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	34%	40%	-12%	-5%
ROE Average	4%	-2%	1%	11%
ROCE Average	7%	5%	7%	15%

Vikas EcoTech Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	37	41	43	66	133	128	142	143	129	228	238
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	2	2	7	10	8	5	25	4	5	3	0
Other Non-Current Liabilities	0	0	0	-0	-2	-1	-1	-1	0	0	-0
Total Current Liabilities	62	79	96	152	169	184	224	198	191	113	104
Total Liabilities	102	123	147	228	308	317	391	345	325	344	342
Fixed Assets	18	21	21	28	27	27	40	30	22	20	21
Other Non-Current Assets	8	6	0	0	3	19	18	20	43	47	92
Total Current Assets	76	96	126	199	278	271	333	295	260	277	229
Total Assets	102	123	147	228	308	317	391	345	325	344	342

Vikas EcoTech Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	0	0	7	0	22	3	1	0	0	3
Cash Flow from Operating Activities	-5	3	-12	-4	-23	-7	9	26	12	-18	97
Cash Flow from Investing Activities	-1	-2	4	-10	-9	-22	-12	6	-0	0	-58
Cash Flow from Financing Activities	6	-1	13	12	53	11	1	-32	-12	20	-41
Net Cash Inflow / Outflow	0	0	6	-2	21	-18	-3	-0	0	2	-3
Closing Cash & Cash Equivalent	0	0	7	4	22	3	1	0	0	3	0

Vikas EcoTech Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.07	0.07	0.09	0.62	0.51	0.59	0.33	0.02	-0.32	0.01	0.1
CEPS(Rs)	0.11	0.12	0.18	0.71	0.61	0.67	0.44	0.13	-0.23	0.05	0.14
DPS(Rs)	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0	0	0	0
Book NAV/Share(Rs)	0.91	0.98	1.03	1.62	2.95	2.84	3.14	3.17	2.85	2.41	2.51
Core EBITDA Margin(%)	4.78	5.75	7.56	15.15	17.43	21.85	12.05	6.08	3.6	9.09	5.44
EBIT Margin(%)	4.54	5.75	7.69	15.65	12.57	22.03	15.81	11.6	4.38	8.46	5.25
Pre Tax Margin(%)	1.79	2.11	2.81	12.14	9.22	17.46	10.12	1.5	-11.25	0.84	2.61
PAT Margin (%)	1.73	1.69	1.71	7.89	5.98	11.32	6.12	0.53	-12.35	0.56	2.37
Cash Profit Margin (%)	2.76	2.77	3.26	8.94	7.09	12.84	8.06	3.01	-8.94	1.99	3.35
ROA(%)	3.1	2.68	2.8	13.63	8.66	8.56	4.24	0.28	-4.29	0.42	2.78
ROE(%)	8	7.81	9.2	47.07	23.29	20.46	11.1	0.71	-10.57	0.78	4.1
ROCE(%)	11.2	12.97	17.47	37.39	23.73	19.98	13.63	7.59	1.79	7.05	6.81
Receivable days	69.86	92.76	106.07	121.53	137.58	224.66	226.24	259.15	297.02	154.05	122.98
Inventory Days	51.04	52.8	42.68	36.92	44.34	104.5	137.94	206.29	333.13	133.93	53.28
Payable days	48.22	59.44	57.27	58.72	55.49	79.5	82.22	95.7	108.56	43.75	21.24
PER(x)	33.26	90.81	41.7	15.68	25.2	30.83	21.24	30.54	0	358.78	24.9
Price/Book(x)	2.56	6.81	3.74	6.04	4.4	6.42	2.25	0.22	0.49	2.2	1
Dividend Yield(%)	0.54	0.19	0.81	0.32	0.24	0.17	0.44	0	0	0	0
EV/Net Sales(x)	0.83	1.86	1.04	1.59	1.82	4.11	1.88	0.87	1.77	2.32	0.73
EV/Core EBITDA(x)	14.29	26.02	10.7	9.05	9.74	17.17	10.6	8.93	22.75	23.42	11.75
Net Sales Growth(%)	41.94	8.22	24.36	45.56	20.83	-37.33	5.44	-21.64	-39.55	115.55	60.79
EBIT Growth(%)	-27.06	37.08	66.72	197.57	-3.72	6.76	-25.48	-42.51	-77.17	316.22	-0.24
PAT Growth(%)	-54.66	5.99	25.94	574.47	-9.15	15.24	-43.87	-93.21	-1509.36	109.7	584.22
EPS Growth(%)	-54.66	5.31	25.94	574.47	-17.47	15.24	-43.87	-93.21	-1508.66	104.65	578.38
Debt/Equity(x)	0.99	1.07	1.6	1.41	0.89	1.1	1.11	1.02	1.18	0.41	0.26
Current Ratio(x)	1.23	1.21	1.31	1.31	1.64	1.47	1.48	1.49	1.36	2.45	2.19
Quick Ratio(x)	0.82	0.91	1.02	1.11	1.31	1.04	1.01	0.94	0.83	1.72	1.85
Interest Cover(x)	1.65	1.58	1.58	4.45	3.75	4.82	2.78	1.15	0.28	1.11	1.99
Total Debt/Mcap(x)	0.39	0.16	0.43	0.23	0.2	0.17	0.49	4.67	2.38	0.18	0.26

Vikas EcoTech Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	15.6	9.47	9.29	9.29	9.29	9.33	7.85	6.87	6.87	13.58
FII	0.08	1.11	1.08	1.08	1.08	0.03	15.18	9.42	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	84.33	89.42	89.63	89.63	89.63	90.64	76.97	83.71	93.12	86.42
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.04	8.85	8.85	8.85	8.85	8.85	8.85	8.85	8.85	18.85
FII	0.05	1.04	1.03	1.03	1.03	0.03	17.11	12.14	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	54.29	83.55	85.4	85.4	85.4	85.98	86.75	107.84	119.97	119.98
Others	0	0	0	0	0	0	0	0	0	0
Total	64.38	93.44	95.28	95.27	95.27	94.86	112.71	128.84	128.84	138.84

Pros

Debtor days have improved from 43.75 to 21.24days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 13.58%.
Company has a low return on equity of -2% over the last 3 years.
The company has delivered a poor profit growth of -18% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.