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Vikas WSP Overview

Vikas WSP Limited is an Indian company engaged in the processing and manufacturing of mineral-based products, primarily focusing on wollastonite and other industrial minerals used across ceramics, polymers, paints, construction, and manufacturing industries. The company is involved in mining, processing, and supplying value-added mineral products that enhance strength, durability, and performance of end products. Operating on a modest scale, Vikas WSP emphasizes product consistency, quality control, and long-term relationships with industrial c...Read More

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Vikas WSP Key Financials

Market Cap ₹21 Cr.

Stock P/E -0.8

P/B 0

Current Price ₹1

Book Value ₹ 37.2

Face Value 1

52W High ₹1.6

Dividend Yield 0%

52W Low ₹ 0.8

Vikas WSP Share Price

₹ | |

Volume
Price

Vikas WSP Quarterly Price

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Vikas WSP Peer Comparison

Vikas WSP Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 1 0 0 0 1 0 0 0
Operating Profit -0 -0 -1 -0 -0 -0 -1 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 9 9 9 9 9 9 9 9 9 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -9 -9 -9 -9 -9 -9 -9 -9 -9 -9
Provision for Tax 0 0 -9 0 0 0 -9 0 0 0
Profit After Tax -9 -9 -0 -9 -9 -9 -0 -9 -9 -9
Adjustments -0 0 -0 -0 0 0 0 0 0 0
Profit After Adjustments -9 -9 -0 -9 -9 -9 -0 -9 -9 -9
Adjusted Earnings Per Share -0.4 -0.4 -0 -0.4 -0.4 -0.4 -0 -0.4 -0.4 -0.4

Vikas WSP Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 1037 786 573 194 696 800 758 222 23 0 0 0
Other Income 5 6 20 5 5 30 0 0 0 0 0 0
Total Income 1042 792 593 198 701 830 758 222 23 0 0 0
Total Expenditure 958 804 758 213 594 728 700 265 37 2 2 1
Operating Profit 84 -12 -165 -15 107 102 58 -43 -14 -2 -1 -1
Interest 33 33 26 46 47 21 4 31 39 0 0 0
Depreciation 46 35 35 35 35 35 34 34 34 34 34 36
Exceptional Income / Expenses 0 89 0 0 0 0 0 0 -103 0 0 0
Profit Before Tax 5 10 -226 -95 26 46 19 -108 -189 -36 -35 -36
Provision for Tax 2 3 133 -11 -3 -1 -2 6 -26 -3 -9 -9
Profit After Tax 3 7 -360 -84 29 47 21 -115 -164 -33 -27 -27
Adjustments 0 0 0 0 0 0 0 5 0 0 0 0
Profit After Adjustments 3 7 -360 -84 29 47 21 -109 -163 -32 -26 -27
Adjusted Earnings Per Share 0.2 0.5 -26.2 -6.1 1.5 2.3 1 -5.6 -8 -1.6 -1.3 -1.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -100% -100% -100%
Operating Profit CAGR 0% 0% NAN% NAN%
PAT CAGR 0% 0% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -35% -9% -31% -17%
ROE Average -3% -8% -7% -6%
ROCE Average -3% -6% -5% -2%

Vikas WSP Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 1416 1423 1063 979 1065 1125 1145 1036 873 840 814
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 37 40 41 31 18 6 2 3 -22 -25 -34
Total Current Liabilities 342 266 437 483 570 539 545 545 648 654 655
Total Liabilities 1795 1729 1541 1493 1653 1671 1692 1585 1498 1469 1435
Fixed Assets 842 815 784 749 715 668 634 600 566 532 497
Other Non-Current Assets 30 215 281 273 279 297 298 367 354 355 355
Total Current Assets 924 698 476 472 660 705 760 618 578 583 583
Total Assets 1795 1729 1541 1493 1653 1671 1692 1585 1498 1469 1435

Vikas WSP Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 26 2 0 1 0 0 1 1 1 0 0
Cash Flow from Operating Activities -43 58 37 6 -68 -5 25 0 -1 0 0
Cash Flow from Investing Activities 1 -3 -5 8 1 24 -0 -0 0 0 0
Cash Flow from Financing Activities 18 -56 -32 -14 67 -19 -24 -0 0 0 0
Net Cash Inflow / Outflow -25 -1 0 -0 -0 0 0 -0 -1 0 0
Closing Cash & Cash Equivalent 2 1 1 0 0 1 1 1 0 0 0

Vikas WSP Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.22 0.48 -26.16 -6.11 1.49 2.3 1.04 -5.6 -8 -1.6 -1.3
CEPS(Rs) 3.56 3 -23.61 -3.59 3.27 3.98 2.72 -3.92 -6.33 0.07 0.37
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 103.05 103.52 77.37 71.24 54.78 55.04 56.01 50.66 42.68 41.09 39.8
Core EBITDA Margin(%) 7.57 -2.22 -32.34 -10.06 14.66 9.03 7.63 -19.4 -59.37 0 0
EBIT Margin(%) 3.66 5.5 -34.87 -25.48 10.38 8.48 3.1 -34.91 -651.34 0 0
Pre Tax Margin(%) 0.48 1.26 -39.47 -49.01 3.7 5.8 2.53 -48.91 -818.52 0 0
PAT Margin (%) 0.29 0.83 -62.75 -43.38 4.16 5.87 2.82 -51.68 -708.07 0 0
Cash Profit Margin (%) 4.71 5.24 -56.64 -25.46 9.14 10.18 7.35 -36.17 -560.16 0 0
ROA(%) 0.15 0.37 -21.99 -5.54 1.84 2.82 1.27 -6.99 -10.61 -2.21 -1.83
ROE(%) 0.22 0.46 -28.92 -8.22 2.83 4.28 1.88 -10.5 -17.14 -3.82 -3.22
ROCE(%) 2.38 2.67 -14.08 -4.16 6.06 5.37 1.83 -6.39 -12.96 -3.09 -3.13
Receivable days 69.32 89.42 155.97 557.5 199.24 222.6 272.41 972.41 9090 0 0
Inventory Days 110.49 106.03 99.79 182.27 48.16 45.65 41.92 89.81 301.11 0 0
Payable days 80.74 43.71 46.74 244.17 80.08 58.18 45.36 97.72 536.36 0 0
PER(x) 59.9 23.62 0 0 8.36 7.63 4.03 0 0 0 0
Price/Book(x) 0.13 0.11 0.08 0.14 0.23 0.32 0.08 0.12 0.08 0.02 0.03
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.38 0.43 0.44 1.51 0.61 0.64 0.29 1.02 16.22 0 0
EV/Core EBITDA(x) 4.72 -29.05 -1.53 -20.02 3.95 5 3.8 -5.27 -27.33 -183.01 -245.85
Net Sales Growth(%) -64.34 -24.16 -27.12 -66.21 259.67 14.89 -5.29 -70.75 -89.58 -100 0
EBIT Growth(%) -93.02 13.81 -562.39 75.31 246.47 -6.1 -65.39 -429.35 -94.46 76.12 1.19
PAT Growth(%) -99.12 115.81 -5593.12 76.64 134.47 62.04 -54.5 -636.46 -42.79 79.99 18.66
EPS Growth(%) -99.12 115.81 -5592.74 76.64 124.37 54.11 -54.5 -636.47 -42.79 79.99 18.65
Debt/Equity(x) 0.15 0.13 0.16 0.16 0.17 0.14 0.12 0.1 0.35 0.37 0.38
Current Ratio(x) 2.7 2.63 1.09 0.98 1.16 1.31 1.4 1.13 0.89 0.89 0.89
Quick Ratio(x) 1.97 1.86 0.84 0.8 0.98 1.12 1.26 1.07 0.89 0.89 0.89
Interest Cover(x) 1.15 1.3 -7.59 -1.08 1.55 3.16 5.48 -2.49 -3.9 0 0
Total Debt/Mcap(x) 1.19 1.19 2.01 1.18 0.75 0.43 1.58 0.88 4.49 14.71 11.45

Vikas WSP Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 14.56 14.56 14.56 14.56 14.56 14.56 14.56 14.56 14.56 14.56
FII 0 0 0 0 0 0 0 0 0 0
DII 0.13 0.13 0.13 0.13 0.02 0.02 0.02 0.02 0.02 0.02
Public 85.32 85.32 85.32 85.32 85.42 85.42 85.42 85.42 85.42 85.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vikas WSP News

Vikas WSP Pros & Cons

Pros

  • Stock is trading at 0 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 14.56%.
  • Company has a low return on equity of -8% over the last 3 years.
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