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Vikas Ecotech Limited

Vikas Ecotech Limited

NSE: VIKASECO
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹141.6 Cr
₹1.02₹-0.01 (-0.97%)

Live • NSE

Market cap₹141.6 Cr
Enterprise value₹156.5 Cr
P/E TTM51.00
P/B0.22
EPS TTM₹0.02
D/E7.13
Dividend yield0.00%
52W high₹1.97
52W low₹0.99
Price chart(1Y)
1Y Return:-18.40% (₹0.23)
H: ₹1.32L: ₹1
1W+2.00%
1M-1.92%
3M-9.73%
6M-29.17%
1Y-46.32%
Today at a glance

Day range

₹1.02₹1.04

52 week range

₹0.99₹1.97
Volume989.5K0.66x 20D avg
Free float50.00%-34.40% volume

Vikas Ecotech Limited closed at INR1.02 (-0.97%) on volume 0.66x its 20-day average, trading 48.22% below its 52-week high.

Technical analysis
RSI (14)43.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹0.03Moderate
SMA 20₹1.02BULLISH
SMA 50₹1.06BEARISH
SMA 100₹1.13BEARISH
SMA 200₹1.28BEARISH
CPR bottom₹1.03
Pivot₹1.03
CPR top₹1.03
What changed recently?

2025-Q4

Q4 FY2025 Financial Results

PAT moved -194.4% QoQ

2024-09-23

AGM Announced

Annual General Meeting

2023-09-22

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹28.3 Cr₹141.6 Cr19.96%≤ 33%PASS
Non-halal income ratio₹4.3 Cr₹377.7 Cr1.13%≤ 5%PASS
Illiquid assets ratio₹509.8 Cr₹511.7 Cr99.64%≥ 20%PASS
Receivables ratio–₹511.7 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E51.0021.90
Forward P/E——
P/B0.222.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield2.004.60
Growth & profitability
RevenuePAT
FY23PAT margin 2.40%
FY24PAT margin 2.60%
FY25PAT margin 4.50%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin1.07%
Net margin0.10%
Financial health & cash flow
Net debt₹26.4 CrModerate
Interest coverage1.90xEBIT / interest
CFO / PAT4.54x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-6034.9 Lakh
Capital expenditure–
Free cash flow₹-6549.4 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation35/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.07x

High Cash Flow Conversion: CFO/PAT averaged 4.54x over last 3 years

Risks

Tight Debt Servicing: Interest coverage ratio is under 2.0x

Stretched Valuation: Trading at a high P/E multiple of 51.0x

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—23 Sept 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Annual General MeetingAnnual General Meeting—21 Sept 2022
25 Nov 2021Rights issueRights 12:25@ Premium Rs 0.60/-—24 Nov 2021
—Annual General MeetingAnnual General Meeting—17 Sept 2021
10 Jun 2021Rights issueRights 13:10 @ Premium Rs 0.35/-—09 Jun 2021
—Annual General MeetingAnnual General Meeting—21 Sept 2020
—Dividend₹0.05 / share—19 Sept 2019
21 Nov 2018Scheme Of Arrangement Of DemergerScheme Of Arrangement Of Demerger—19 Nov 2018
—Dividend₹0.05 / share—19 Sept 2018
—Dividend₹0.05 / share—20 Sept 2017
—Dividend₹0.05 / share—22 Sept 2016
—Dividend₹0.05 / share—22 Sept 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)56.74%-6.57% latest vs average
Highest delivery79.46%on 08 Oct
Average volume (20D)1.51MTrading-session average
Conviction trendWeakening-6.57% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Vikas Ecotech Limited
Vikas Ecotech Limited

Vikas Ecotech Limited engages in the manufacture and sale of specialty additives, and rubber-plastic and polymer compounds in India. It operates through three segments: Infra & Energy, Chemical, Polymers & Special Additives; and Real Estate. The company offers specialty additives, including organotin stabilizers, dimethyl tin dichloride, plasticizers, flame retardants, and chlorinated polyethylene, as well as epoxidized soyabean oil; and thermoplastic rubber, thermoplastic elastomer, and ethylene vinyl acetate compounds under the brand names Tinmate, Thermate, Veeprene TPR compound, and Veeprene TPE compound. In addition, it trades in TAFMER/POE, ACEOX, and CELLCOM products, as well as processing aid, impact modifier, PE wax, styrene ethylene butylene styrene, styrene butadiene copolymer, styrene butadiene rubber, PVC resin, titanium dioxide, methanol, and carbon black products. Further, the company manufactures specialty-recycled materials, such as poly vinyl chloride compounds and polyethylene terephthalate compounds, as well as engages in real estate development and coal supply business. Additionally, the company offers infrastructure products, such as steel pipe fittings and MDPE pipes for gas applications; and TMT bars, steel, HR and CR coils, and ERW pipes for infrastructure and various other industries. Its products are used in agriculture, infrastructure, packaging, electricals, footwear, pharmaceuticals, automotive, medical devices and components, and other consumer goods sectors. It exports its products. The company was formerly known as Vikas GlobalOne Limited and changed its name to Vikas Ecotech Limited in December 2015. Vikas Ecotech Limited was incorporated in 1984 and is headquartered in New Delhi, India.

IndiaBasic Materials

Questions investors ask
Is Vikas Ecotech Limited Shariah compliant?

Vikas Ecotech Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (19.96%) complies with AAOIFI threshold (≤ 33%).

What is Vikas Ecotech Limited's current valuation relative to peers?

Vikas Ecotech Limited trades at a P/E of 51.0x compared to the sector median of 21.9x, and a Price-to-Book of 0.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.07x. Interest coverage is 1.9x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.