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Vikas Ecotech

VIKASECO NSE
₹1.02 +0.02 (+2.00%)
P/E
102.00
View as Markdown
MCP
Close 4 Nov 2026 ₹1.02 −0.84 −45.2% 1Y
Start ₹1.86

Key Fundamentals

MicrocapChemicals & PetrochemicalsChemicals

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
2.34%
Debt to Equity
0.08
EPS (TTM)
₹0.01
Book Value
₹2.45
Market Cap
—
P/E (TTM)
102.00
P/B
0.42
ROE
0.80%
Dividend Yield
0.00%
EBITDA
₹8.35 Cr
52W High
₹1.89
52W Low
₹0.96
Day Range
₹1.00 – ₹1.05
Volume
34,55,831

Peer Comparison

Commodities › Chemicals › Specialty Chemicals

Vikas Ecotech peer comparison
Pidilite Industries
₹1,510.2058.04₹1,54,107 Cr13.721.42%23.90%31.00%₹15,399 Cr₹2,677 Cr
Gujarat Fluorochemicals
₹4,613.3083.76₹49,073 Cr6.040.07%7.82%9.64%₹5,303 Cr₹600 Cr
Navin Fluorine International
₹8,785.0057.03₹44,060 Cr10.100.09%19.60%21.00%₹3,634 Cr₹789 Cr
Deepak Nitrite
₹1,578.4027.48₹20,919 Cr3.320.49%9.82%11.40%₹8,575 Cr₹784 Cr
Aether Industries
₹1,540.7086.90₹20,030 Cr7.880.00%9.66%11.90%₹1,231 Cr₹235 Cr
Aarti Industries
₹447.5530.57₹15,838 Cr2.590.23%7.13%6.86%₹9,010 Cr₹531 Cr
Atul
₹5,156.5019.67₹14,827 Cr2.310.59%11.50%14.90%₹6,969 Cr₹788 Cr
Vikas Ecotech (this company)
₹1.02102.00₹186 Cr0.420.00%0.80%2.34%₹369 Cr₹3 Cr
Median 8 companies₹1,559.5557.54₹20,474 Cr4.680.16%9.74%11.65%₹6,136 Cr₹692 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

36 Poor

Data confidence 98/100

Category scores

Quality
26
Poor
Returns, margins, earnings quality 22% weight
Valuation
28
Poor
Cheap vs sector & own history 24% weight
Growth
32
Poor
Sales & profit trajectory 9% weight
Financial Health
54
Average
Solvency, leverage, coverage 9% weight
Momentum
25
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Stock is trading at 0.45 times its book value

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 10.6%
  • Company has a low return on equity of 1.64% over last 3 years.
  • Earnings include an other income of Rs.9.15 Cr.
  • Working capital days have increased from 165 days to 266 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish775
OscillatorsNeutral171
Moving AveragesStrong Bearish604

Key readings

RSI (14)
54.38
Neutral
MACD (12,26,9)
−0.01
Bullish
SMA (50)
1.03
Bearish
SMA (200)
1.24
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10YIrregular period
5YIrregular period
3Y−3.84%
1Y−6.12%
TTM−2.99%

Net profit

Net profit growth by window
10YIrregular period
5YIrregular period
3Y−33.06%
1Y−82.35%
TTM−69.23%

Operating cash flow

Operating cash flow growth by window
10YIrregular period
5YIrregular period
3YTurned negative
1YOutflow widened by ₹53 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10YIrregular period
5YIrregular period
3Y−3.27 pp
1Y−0.92 pp
TTM−2.16 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2010₹62.00 Cr
Mar 2011₹115 Cr
Mar 2012₹165 Cr
Mar 2013₹252 Cr
Mar 2014₹250 Cr
Mar 2023₹397 Cr
Mar 2024₹259 Cr
Mar 2025₹376 Cr
Mar 2026₹353 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2010₹3.00 Cr
Mar 2011₹6.00 Cr
Mar 2012₹10.00 Cr
Mar 2013₹4.00 Cr
Mar 2014₹4.00 Cr
Mar 2023₹10.00 Cr
Mar 2024₹7.00 Cr
Mar 2025₹17.00 Cr
Mar 2026₹3.00 Cr

Quarterly Results

₹ Cr
VIKASECO quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
57.7
60.74
68.46
71.73
101
89.23
84.76
103
104
64.72
68.72
116
119
Expenses
53.63
55.25
64.73
69.08
98.94
84.43
83.38
98.97
98.88
62.04
66.67
117
117
Operating Profit
4.07
5.49
3.73
2.65
2.12
4.8
1.38
3.64
4.68
2.68
2.05
−1.05
2.41
OPM %
7.05%
9.04%
5.45%
3.69%
2.1%
5.38%
1.63%
3.55%
4.52%
4.14%
2.98%
−0.9%
2.02%
Other Income
1.2
−0.25
0.3
2.59
13.78
1
1.49
2.78
1.04
2.1
2.43
1.57
3.05
Interest
2.32
1.99
1.45
0.82
0.9
0.88
1.39
1.28
1.18
1.36
1.55
0.72
1.07
Depreciation
0.87
0.9
0.93
1.08
1.06
0.98
1.09
1.89
1.23
1.14
1.04
1.7
1.12
PBT
2.08
2.35
1.65
3.34
13.94
3.95
0.39
3.25
3.31
2.27
1.9
−1.9
3.26
Tax %
25.48%
25.11%
24.85%
31.44%
25.54%
27.66%
241.03%
−32.31%
28.7%
22.81%
129.1%
−76.32%
38.84%
Net Profit
1.55
1.77
1.23
2.3
10.38
2.85
−0.55
4.3
2.37
1.75
−0.55
−0.44
2
EPS (₹)
0.01
0.01
0.01
0.02
0.06
0.02
0
0.02
0.01
0.01
−0.01
0
0.01

Profit & Loss

₹ Cr
VIKASECO profit and loss, annual, ₹ crore
Particulars Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
62
115
165
252
250
397
259
376
353
369
Expenses
58
106
153
241
237
375
242
364
345
363
Operating Profit
4
9
12
11
13
22
16
12
8
6
OPM %
7%
8%
7%
4.2%
5%
6%
6%
3.3%
2.4%
1.6%
Other Income
1
2
6
2
3
3
4
19
7
9
Interest
2
4
5
6
9
11
7
4
5
4
Depreciation
0
1
2
2
2
4
4
5
5
5
PBT
3
7
10
4
5
10
9
22
6
6
Tax %
10%
3%
1%
6%
22%
9%
27%
21%
44%
—
Net Profit
3
6
10
4
4
10
7
17
3
3
EPS (₹)
0.05
0.07
0.1
0.04
0.04
0.1
0.05
0.1
0.02
0.01
Div. Payout %
13%
16%
6%
14%
14%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
VIKASECO balance sheet, annual, ₹ crore
Particulars Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
8
10
10
10
10
95
139
139
139
Reserves
6
16
24
28
32
143
238
254
256
Borrowings
19
34
38
54
67
62
19
28
30
Other Liabilities
11
25
26
43
45
43
48
90
88
Total Liabilities
44
85
98
135
154
343
444
512
513
Fixed Assets
9
14
20
20
23
29
54
55
49
CWIP
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0
0
55
228
140
64
Other Assets
35
71
78
115
131
259
161
316
400
Total Assets
44
85
98
135
154
343
444
512
513

Cash Flow

₹ Cr
VIKASECO cash flow, annual, ₹ crore
Particulars Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−5
−6
12
−8
—
92
120
−60
−113
Investing
−5
−9
−9
−1
—
−58
−202
46
96
Financing
10
15
−3
9
—
−41
83
15
17
Net Cash Flow
0
−1
1
0
—
−7
0
1
0
Free Cash Flow
−11
−12
4
−10
—
87
115
−65
−112
CFO/OP
−108
−66
100
−74
—
421
736
−480
−1,335

Ratios

VIKASECO financial ratios, annual
Particulars Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
109
98
89
100
116
130
108
108
131
Inventory Days
71
79
58
48
44
35
71
42
47
Days Payable
57
80
42
54
58
27
59
66
59
Cash Conversion Cycle
123
97
105
94
102
138
121
84
118
Working Capital Days
139
52
40
33
38
111
93
136
266
ROCE %
—
22%
19%
13%
14%
—
5%
3%
2%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Vikas Ecotech insights

69 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 75.45%
  • Others 13.90%
  • Promoters 10.65%

0.04% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q3 FY19 concall · Feb 2019
    PPT
  • Q2 FY19 concall · Nov 2018
    PPT
  • Concall · Aug 2018
    PPT
  • Q3 FY17 concall · Feb 2017
    PPT
  • Q2 FY17 concall · Nov 2016
    PPT

Frequently Asked Questions about Vikas Ecotech

What does Vikas Ecotech Ltd do?
Incorporated in 1984, Vikas Ecotech Ltd is in the business of high-end specialty chemicals
Where is Vikas Ecotech Ltd (VIKASECO) listed?
Vikas Ecotech Ltd trades as VIKASECO on the NSE and under code 530961 on the BSE.
Which sector does Vikas Ecotech Ltd belong to?
Vikas Ecotech Ltd is classified under the Chemicals sector, in the Specialty Chemicals industry.
What is the PE ratio of Vikas Ecotech Ltd?
Vikas Ecotech Ltd trades at a PE ratio of 102.00 as of 4 Nov 2026, on earnings per share of ₹0.01, against a book value of ₹2.45 per share.
What is the 52-week high and low of Vikas Ecotech Ltd?
Over the last 52 weeks Vikas Ecotech Ltd has traded between ₹0.96 and ₹1.89 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Vikas Ecotech Ltd?
Vikas Ecotech Ltd reported a return on equity of 0.80%. Its debt-to-equity ratio is 0.08.

Company Information

Incorporated in 1984, Vikas Ecotech Ltd is in the business of high-end specialty chemicals

Website vikasecotech.com
CEO Mr. Balwant Kumar Bhushan
Employees 131
Listed 12 Dec 2011
Face Value ₹1

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