Vikas EcoTech Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Chemical Division: 64.3% • Infra & Energy: 35.7%
AI Sector View
AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.54x)
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 18.0% CAGR over last 5 years
CONS
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 79.3% versus prior year
- Company has a low return on equity of 4.5% over last 3 years
- Company has a low return on capital employed of 7.1%
- A large part of profit comes from other income (28.7% of PBT)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21904.00 | 99.53 | 198209.42 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1585.00 | 60.91 | 161333.93 | 1.36 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2537.10 | 34.79 | 75205.94 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4528.30 | 80.88 | 49743.38 | 0.07 | 2190.00 | 1103.30 | 15880.00 | 1139.66 | 9.58 | 26.83 |
| NAVINFLUOR | 8607.15 | 55.92 | 44161.66 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1159.50 | 33.22 | 39057.88 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1640.85 | 28.57 | 22380.05 | 0.46 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1618.80 | 91.36 | 21485.98 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6309.15 | 23.35 | 18575.24 | 0.48 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 491.05 | 33.54 | 17811.69 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1343.70 | 17.29 | 17019.69 | 0.74 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| VIKASECO | 1.07 | 410.37 | 148.55 | 0.00 | 2.00 | -15.70 | 119.15 | 15.06 | 6.37 | 2.01 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 61 | 68 | 72 | 101 | 89 | 85 | 103 | 104 | 65 | 69 | 116 | 119 | |
| 54 | 55 | 65 | 69 | 99 | 84 | 83 | 99 | 99 | 62 | 67 | 117 | 119 | |
| Operating Profit | 4 | 6 | 4 | 3 | 2 | 5 | 1 | 4 | 5 | 3 | 2 | -1 | 0 |
| OPM % | 7.07% | 9.05% | 5.45% | 3.68% | 2.10% | 5.37% | 1.63% | 3.56% | 4.52% | 4.14% | 2.98% | -0.90% | 0.18% |
| 1 | -0 | 0 | 3 | 14 | 1 | 1 | 3 | 1 | 2 | 2 | 2 | 3 | |
| Interest | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Profit before Tax | 2 | 2 | 2 | 3 | 14 | 4 | 0 | 3 | 3 | 2 | 2 | -2 | 3 |
| Tax % | 25.48% | 25.11% | 25.00% | 31.44% | 25.52% | 27.85% | 241.03% | -32.31% | 28.61% | 22.91% | 128.42% | 76.32% | 38.77% |
| Net Profit | 0 | 0 | 0 | 0 | 10 | 3 | -1 | 4 | 2 | 2 | -1 | -0 | 2 |
| 0.01 | 0.01 | 0.01 | 0.02 | 0.07 | 0.01 | 0.00 | 0.03 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 120 | 165 | 252 | 250 | 403 | 259 | 378 | 369 | |
| 109 | 153 | 242 | 237 | 381 | 242 | 365 | 365 | |
| Operating Profit | 11 | 12 | 11 | 13 | 22 | 16 | 12 | 4 |
| OPM % | 9.30% | 7.28% | 4.19% | 5.32% | 5.45% | 6.32% | 3.25% | 1.06% |
| 2 | 6 | 2 | 3 | 3 | 4 | 19 | 9 | |
| Interest | 4 | 5 | 7 | 9 | 11 | 7 | 4 | 4 |
| Depreciation | 1 | 2 | 2 | 2 | 4 | 4 | 5 | 5 |
| Profit before Tax | 9 | 10 | 4 | 5 | 10 | 9 | 22 | 6 |
| Tax % | 2.60% | 1.44% | 6.33% | 22.49% | 9.17% | 27.34% | 21.11% | 50.15% |
| Net Profit | 8 | 10 | 4 | 4 | 10 | 7 | 17 | 3 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.05 | 0.12 | — |
| Dividend Payout % | 15.92% | 5.62% | 13.77% | 14.07% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- 67%
STOCK PRICE CAGR
- 10 Years:
- -18%
- 5 Years:
- -11%
- 3 Years:
- -35%
- 1 Year:
- -50%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 7%
- 3 Years:
- 4%
- Last Year:
- 4%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 95 | 139 | 139 |
| 16 | 24 | 28 | 31 | 143 | 238 | 254 | |
| 33 | 36 | 56 | 72 | 62 | 19 | 28 | |
| Trade Payables | 21 | 16 | 33 | 35 | 27 | 37 | 62 |
| 5 | 11 | 7 | 6 | 17 | 12 | 28 | |
| Total Liabilities | 85 | 98 | 135 | 154 | 343 | 444 | 512 |
| 14 | 20 | 20 | 23 | 21 | 47 | 48 | |
| 0 | 0 | 0 | 0 | 55 | 228 | 140 | |
| 21 | 22 | 30 | 26 | 35 | 44 | 40 | |
| 0 | 0 | 0 | 0 | 0 | 77 | 111 | |
| Cash & Bank | 0 | 1 | 1 | 1 | 4 | 4 | 5 |
| 50 | 55 | 85 | 104 | 228 | 43 | 167 | |
| Total Assets | 85 | 98 | 135 | 154 | 343 | 444 | 512 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -9 | 12 | -8 | 2 | 92 | 120 | -60 | |
| Cash from Investing | -9 | -9 | -1 | -5 | -58 | -203 | 46 |
| Cash from Financing | 18 | -3 | 9 | 3 | -41 | 83 | 15 |
| -0 | 1 | -0 | -0 | -7 | -0 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Vikas EcoTech Limited has informed the Exchange about General Updates
2026-08-26 - Result outcome of board Meeting
2026-08-19 - Vikas EcoTech Limited has informed the Exchange about General Updates
2026-08-17 - Vikas EcoTech Limited has informed the Exchange regarding Change in Auditors of the company.
2026-08-17 - Vikas EcoTech Limited has informed the Exchange regarding Outcome of Board Meeting held on August 17, 2026.
2026-07-15 - Vikas EcoTech Limited has informed the Exchange about General Updates
2026-07-15 - The Exchange has sought clarification from Vikas EcoTech Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.
2026-07-11 - : Outcome of Board Meeting held on July 1, 2026
2026-07-08 - Vikas EcoTech Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
News
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