Vikas Proppant & Granite Ltd.
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ABOUT
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
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.06x)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Company has a low return on capital employed of 6.9%
- Interest coverage is weak at 0.0x - earnings barely cover interest
- Company has a low return on equity of 9.6% over last 3 years
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21410.70 | 97.29 | 193745.54 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1632.00 | 62.71 | 166117.97 | 1.32 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2605.00 | 35.72 | 77218.67 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4691.60 | 83.80 | 51537.23 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8697.20 | 56.51 | 44623.69 | 0.17 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1155.90 | 33.12 | 38936.61 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1727.25 | 30.08 | 23558.49 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1656.35 | 93.47 | 21984.38 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6465.50 | 23.93 | 19035.57 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 501.75 | 34.27 | 18199.81 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1356.30 | 17.46 | 17179.29 | 0.74 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| VIKASPROP | 0.26 | 0.00 | 13.38 | 0.00 | — | — | — | — | -4.63 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 219 | 140 | 293 | 116 | 3 | 0 | 53 | 7 | 24 | |
| 98 | 188 | 127 | 278 | 112 | 4 | 0 | 1 | 2 | 35 | |
| Operating Profit | 17 | 30 | 14 | 15 | 4 | -1 | -0 | 52 | 5 | -11 |
| OPM % | 14.96% | 13.94% | 9.80% | 5.03% | 3.33% | -37.78% | — | 97.74% | 72.38% | -48.25% |
| -0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 14 | 14 | 14 | 12 | 12 | 5 | 0 | 0 | 0 |
| Profit before Tax | 6 | 15 | 1 | 1 | -8 | -13 | -6 | 52 | 5 | -11 |
| Tax % | 20.53% | 39.32% | 21.73% | 37.71% | -17.62% | -8.83% | 80.90% | 14.21% | 22.02% | -0.00% |
| Net Profit | 5 | 9 | 1 | 0 | -9 | -14 | -1 | 44 | 4 | -11 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 128.97% | 0.00% |
COMPOUNDED SALES GROWTH
- 10 Years:
- -16%
- 5 Years:
- -27%
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -40%
- 1 Year:
- -60%
RETURN ON EQUITY
- 10 Years:
- 2%
- 5 Years:
- 2%
- 3 Years:
- 10%
- Last Year:
- -6%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 51 | 51 | 51 |
| 68 | 77 | 77 | 78 | 69 | 55 | 54 | 147 | 148 | 136 | |
| 145 | 128 | 106 | 106 | 106 | 106 | 107 | 64 | 57 | 49 | |
| Trade Payables | 38 | 24 | 62 | 60 | 129 | 122 | 131 | 131 | 131 | 135 |
| 5 | 11 | 9 | 9 | 11 | 23 | 5 | 17 | 18 | 18 | |
| Total Liabilities | 274 | 258 | 272 | 270 | 333 | 324 | 314 | 410 | 404 | 389 |
| 161 | 148 | 134 | 121 | 109 | 86 | 80 | 164 | 164 | 160 | |
| Capital Work in Progress | 15 | 45 | 50 | 47 | 48 | 48 | 48 | 48 | 48 | 28 |
| 34 | 34 | 20 | 14 | 4 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 35 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| 29 | 30 | 67 | 88 | 173 | 189 | 186 | 198 | 193 | 201 | |
| Total Assets | 274 | 258 | 272 | 270 | 333 | 324 | 314 | 410 | 404 | 389 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 16 | 30 | 4 | -1 | 2 | -7 | 44 | 10 | -16 | |
| Cash from Investing | -16 | -30 | -5 | -3 | 0 | 0 | 5 | -83 | -0 | 24 |
| Cash from Financing | 19 | -20 | -23 | -0 | 1 | -0 | 0 | 39 | -10 | -8 |
| 32 | -34 | -0 | -0 | -0 | 2 | -2 | 0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 2.83 | 5.04 | 0.36 | 0.22 | -4.97 | -7.64 | -0.58 | 0.87 | 0.08 | -0.22 |
| Book Value (₹) | 47.30 | 52.34 | 52.69 | 52.91 | 47.94 | 40.30 | 39.71 | 3.91 | 3.92 | 3.65 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 |
| Cash EPS (₹) | 0.77 | 1.25 | 0.81 | 0.79 | 0.14 | -0.13 | 0.22 | 0.87 | 0.08 | -0.22 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 14.97% | 14.15% | 11.21% | 5.04% | 3.35% | -37.78% | 0.00% | 97.74% | 72.38% | -48.25% |
| Net Margin % | 4.46% | 4.18% | 0.46% | 0.13% | -7.75% | -444.45% | 0.00% | 83.85% | 56.42% | -48.25% |
| ROE % | 6.17% | 10.12% | 0.68% | 0.41% | -9.86% | -17.32% | -1.45% | 32.81% | 1.98% | -5.90% |
| ROCE % | 3.86% | 7.68% | 0.82% | 0.37% | -3.88% | -6.82% | -3.08% | 23.42% | 1.95% | -4.63% |
| 2.12% | 3.43% | 0.24% | 0.15% | -2.99% | -4.21% | -0.33% | 12.23% | 0.96% | -2.87% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 71 | 46 | 121 | 90 | 384 | 0 | 0 | 1185 | 9070 | 2642 |
| Inventory Days | 83 | 56 | 70 | 22 | 28 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 77 | 63 | 128 | 81 | 310 | 0 | 0 | 0 | 0 | 2166 |
| 77 | 39 | 63 | 31 | 103 | 0 | 0 | 1185 | 9070 | 476 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.69x | 1.35x | 1.11x | 1.10x | 1.22x | 1.46x | 1.48x | 0.32x | 0.29x | 0.26x |
| Interest Coverage (x) | 4.28x | 7.38x | 1.91x | 6.85x | -690.96x | -1041.79x | -1379.47x | 0.00x | 2797.06x | 0.00x |
| 1.33x | 1.33x | 1.42x | 1.63x | 1.33x | 0.78x | 0.76x | 0.92x | 0.92x | 0.98x | |
| GROWTH | ||||||||||
| Revenue Growth % | -13.50% | 90.28% | -35.77% | 108.49% | -60.29% | -97.32% | -100.00% | 0.00% | -86.82% | 239.24% |
| Operating Profit Growth % | -57.33% | 79.76% | -49.09% | -6.30% | -73.57% | -130.19% | 62.52% | 0.00% | -90.24% | -326.17% |
| Net Profit Growth % | -75.00% | 78.12% | -92.95% | -38.75% | -2383.32% | -53.68% | 92.38% | 4296.33% | -91.13% | -390.14% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
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