Vikas Ecotech Limited
NSE: VIKASECO · Specialty Chemicals · sector
₹0.99NSE close 2026-10-26
Key numbers
Market cap₹137 cr
Price₹0.99
52w high / low₹2 / ₹1
P/E49.5xSector median 22.6x
P/B0.3xSector median 2.6x
Book value₹2.8
Dividend yield–Sector median 0.60%
ROE0.6%Sector median 10.6%
ROCE2.0%Sector median 12.9%
OPM0.9%Sector median 12.1%
Debt / equity0.07xSector median 0.18x
EV/EBITDA46.5xSector median 15.1x
Interest cover2.8x
Current ratio3.77x
Sales growth 3y-4.3%Sector median +5.0%
Profit growth 3y-44.0%Sector median +0.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4 cr vs borrowings ₹29 cr (FY26): borrowings are higher by ₹25 cr.
- Operating profit covered interest 2.8x in the last 12 months.
- 0.04% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 380% of net profit in the last 12 months.
- Debtor days went from 108 (FY24) to 131 (FY26).
- No dividend in the last 5 financial years.
- Price ₹0.99 on 2026-10-26: -49.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3.64 · low ₹0.99
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 101 | 89 | 85 | 103 | 65 | 69 | 116 | 119 |
| EBITDA | 2 | 5 | 1 | 4 | 3 | -1 | -1 | 2 |
| OPM % | 2.1% | 5.4% | 1.6% | 3.5% | 4.1% | -0.8% | -0.9% | 2.0% |
| Other income | 14 | 1 | 1 | 3 | 2 | 2 | 2 | 3 |
| Net profit | 10 | 3 | -1 | 4 | 2 | -1 | -1 | 2 |
| EPS (₹) | 0.07 | 0.01 | 0.00 | 0.03 | 0.01 | 0.00 | 0.00 | 0.01 |
| Revenue YoY | -36.0% | -23.0% | +37.1% | +16.1% | ||||
| Profit YoY | -83.1% | -118.9% | – | -53.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 250 | 403 | 259 | 378 | 353 | 369 |
| EBITDA | 23 | 22 | 16 | 25 | 8 | 3 |
| Net profit | 1 | 10 | 7 | 17 | 2 | 2 |
| EPS (₹) | 0.02 | 0.10 | 0.06 | 0.10 | 0.02 | 0.02 |
| Revenue growth | +60.8% | -35.8% | +46.0% | -6.5% | -2.4% | |
| Profit growth | +585.6% | -28.1% | +147.9% | -90.2% | -85.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.3% | – | -2.4% |
| Net profit | -44.1% | – | -85.8% |
| EPS | -41.5% | – | – |
| Share price | – | -44.4% (2y) | -48.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 238 | 376 | 393 | 395 |
| Borrowings | – | 62 | 19 | 28 | 29 |
| Cash & equivalents | – | 4 | 4 | 5 | 4 |
| Total assets | – | 343 | 444 | 513 | 513 |
| Fixed assets | – | 21 | 34 | 35 | 33 |
| Capital work in progress | – | – | 0 | – | – |
| Investments | – | 55 | 228 | 140 | 64 |
| Receivables | – | 141 | 77 | 115 | 127 |
| Inventory | – | 35 | 44 | 40 | 41 |
| Payables | – | 27 | 37 | 62 | 52 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -17 | 97 | 120 | -60 | -113 |
| Cash from investing | 0 | -58 | -203 | 46 | 96 |
| Cash from financing | 20 | 41 | 83 | 15 | 17 |
| Capex | 2 | 5 | 5 | 0 | 4 |
| Free cash flow | -19 | 92 | 115 | -60 | -117 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.0% | 1.8% | 4.3% | 0.4% |
| ROCE % | – | 4.8% | 4.0% | 6.1% | 2.4% |
| Debtor days | – | 128 | 108 | 111 | 131 |
| Inventory days | – | 35 | 71 | 42 | 47 |
| Payable days | – | 27 | 59 | 66 | 59 |
| Cash conversion cycle (days) | – | 136 | 120 | 87 | 119 |
| Working capital days | – | 113 | 99 | 144 | 271 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 10.65% |
| FIIs | 0.00% |
| DIIs | 0.00% |
| Public (non-institutions) | 89.35% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% |
| Promoter group | % |
|---|---|
| Vikas Garg | 10.10% |
| Sukriti Garg | 0.25% |
| Vikas Lifecare Limited | 0.23% |
| Vikas Garg HUF | 0.03% |
| Usha Garg | 0.03% |
| Nand Kishore Garg | 0.01% |
| Seema Garg | 0.00% |
| Vivek Garg | 0.00% |
| Nand Kishore Garg HUF | 0.00% |
| Vaibhav Garg | 0.00% |
| Vrindaa Advanced Materials Limited | 0.00% |
5,67,693 shareholders. Pledged: 0.04% of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| VIKASECO | ₹137 cr | 49.5x | 0.3x | 0.6% | 2.0% | 0.9% | -4.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Chemical, Polymers & Special Additives | ₹236 cr | 66.9% | ₹29 cr | 12.3% |
| Infra & Energy | ₹117 cr | 33.1% | ₹2 cr | 1.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-11-24 | Rights | Rights 12:25@ Premium Rs 0.60/- |
| 2021-09-17 | Other | Annual General Meeting |
| 2021-06-09 | Rights | Rights 13:10 @ Premium Rs 0.35/- |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-19 | Dividend | Dividend - Rs 0.05 Per Sh |
| 2018-11-19 | Restructuring | Scheme Of Arrangement Of Demerger |
| 2018-09-19 | Dividend | Annual General Meeting/Dividend- Re 0.05 Per Share |
| 2017-09-20 | Dividend | Annual General Meeting/Dividend - Re 0.05 Per Share |
| 2016-09-22 | Dividend | Annual General Meeting/ Dividend - Re 0.05/- Per Share |
| 2015-09-22 | Dividend | Annual General Meeting/ Dividend - Re 0.05/- Per Share |
| 2014-11-13 | Bonus | Bonus 3 : 2 |
| 2014-09-19 | Dividend | Annual General Meeting / Dividend - Re 0.05/- Per Share |
| 2014-03-27 | Split | Face Value Split From Rs 10/- To Re 1/- |
| 2013-09-19 | Dividend | Annual General Meeting / Dividend - Re 0.50/- Per Share |
| 2012-09-18 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
Documents
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | VIKASECO |
| BSE code | 530961 |
| ISIN | INE806A01020 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.