Vikas Ecotech
VIKASECO NSE
Vikas Ecotech
CommoditiesNSE: VIKASECO BSE: 530961 Chemicals & Petrochemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹187 Cr
Volatility
Moderate
P/E Ratio
105
EBITDA
₹8.35 Cr
Return on Equity
4.32%
Debt to Equity
0.08
Book Value
₹2.45
52W High
₹2.11
52W Low
₹0.99
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.47 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
Growth Rate
Revenue Growth
-7.98% lower than
3Y
Net Income Growth
-83.41% lower than
3Y
Cash Flow Change
-150% higher than
3Y
ROE
137% higher than
3Y
ROCE
54.27% higher than
3Y
EBITDA Margin (Avg.)
-50.85% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 | 1.09 | 1.28 | 1.18 | 1.14 | 1.55 | 0.72 | 1.07 |
| Depreciation | 0.87 | 0.9 | 0.93 | 1.08 | 1.06 | 0.98 | 1.39 | 1.89 | 1.23 | 1.36 | 1.04 | 1.7 | 1.12 |
| PBT | 2.08 | 2.35 | 1.65 | 3.34 | 13.94 | 3.94 | 0.39 | 3.25 | 3.31 | 2.28 | 1.89 | -1.9 | 3.27 |
| 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 in Rs | 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
| Particulars | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Vikas Ecotech insights
50 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Receipt Of Income Tax Demand Order(S)
14 Apr - Income Tax Department raised ₹9.11 crore demand orders on March 27, 2026 for various assessment years. 14 Apr - Income Tax Department raised ₹9.11 crore demand orders on March 27, 2026 for various assessment years.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
4 Apr - Vikas Ecotech confirms it is not a Large Corporate under SEBI debt circular. 4 Apr - Vikas Ecotech confirms it is not a Large Corporate under SEBI debt circular.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Regulation 74(5) certificate filed for quarter and year ended March 31, 2026. 4 Apr - Regulation 74(5) certificate filed for quarter and year ended March 31, 2026.
4
Closure of Trading Window
27 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/year ended March 31, 2026. 27 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/year ended March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Newspaper Advertisement of Un-Audited Financial Results of the Company for the Quarter ended December 31, 2025 7 Feb - Newspaper Advertisement of Un-Audited Financial Results of the Company for the Quarter ended December 31, 2025
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[1]
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 Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Vikas Ecotech Ltd?
Vikas Ecotech Ltd has a market capitalisation of ₹187.48 Cr, which places it in the Small Cap band.
What is the PE ratio of Vikas Ecotech Ltd?
Vikas Ecotech Ltd trades at a PE ratio of 105.00, 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 ₹0.99 and ₹2.11.
What is the Return on Equity (ROE) of Vikas Ecotech Ltd?
Vikas Ecotech Ltd reported a return on equity of 4.32%. 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[1]
Website vikasecotech.com
CEO Mr. Balwant Kumar Bhushan
Employees 131
Listed 2011-12-12
Face Value ₹ 1
Issued Size 1,76,87,06,024
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