Vikas Ecotech Ltd
Incorporated in 1984, Vikas Ecotech Ltd
is in the business of high-end specialty chemicals[1]
- Market Cap ₹ 555 Cr.
- Current Price ₹ 4.00
- High / Low ₹ 5.65 / 2.68
- Stock P/E 87.6
- Book Value ₹ 2.45
- Dividend Yield 0.00 %
- ROCE 6.76 %
- ROE 4.02 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 191 to 130 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 13.6%
- Company has a low return on equity of -0.68% over last 3 years.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Diversified Industry: Diversified - Medium / Small
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
110 | 157 | 170 | 211 | 307 | 371 | 233 | 245 | 192 | 116 | 250 | 397 | 255 | |
103 | 149 | 159 | 194 | 258 | 303 | 181 | 216 | 180 | 112 | 227 | 375 | 237 | |
Operating Profit | 7 | 8 | 10 | 17 | 49 | 68 | 52 | 30 | 12 | 4 | 23 | 22 | 18 |
OPM % | 7% | 5% | 6% | 8% | 16% | 18% | 22% | 12% | 6% | 4% | 9% | 6% | 7% |
7 | 2 | 2 | 3 | 5 | -14 | 4 | 14 | 15 | 5 | 2 | 3 | 3 | |
Interest | 4 | 5 | 6 | 11 | 11 | 13 | 11 | 14 | 19 | 18 | 19 | 11 | 8 |
Depreciation | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 5 | 4 | 4 | 4 | 4 |
Profit before tax | 9 | 4 | 4 | 6 | 39 | 37 | 41 | 25 | 3 | -13 | 2 | 10 | 8 |
Tax % | 1% | 3% | 18% | 39% | 35% | 34% | 35% | 40% | 65% | -10% | 34% | 9% | |
9 | 3 | 3 | 4 | 26 | 24 | 27 | 15 | 1 | -14 | 1 | 10 | 6 | |
EPS in Rs | 0.10 | 0.04 | 0.04 | 0.04 | 0.29 | 0.25 | 0.28 | 0.16 | 0.01 | -0.15 | 0.01 | 0.10 | 0.05 |
Dividend Payout % | 6% | 15% | 15% | 34% | 5% | 6% | 5% | 9% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 11% |
3 Years: | 27% |
TTM: | -39% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | -19% |
3 Years: | 54% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | -12% |
3 Years: | 51% |
1 Year: | 51% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 1% |
3 Years: | -1% |
Last Year: | 4% |
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 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 25 | 25 | 28 | 28 | 28 | 28 | 28 | 94 | 95 | 129 |
Reserves | 24 | 27 | 31 | 18 | 41 | 105 | 100 | 114 | 115 | 101 | 134 | 143 | 211 |
25 | 37 | 43 | 68 | 94 | 118 | 141 | 158 | 145 | 151 | 91 | 63 | 8 | |
21 | 28 | 39 | 36 | 68 | 59 | 48 | 92 | 57 | 46 | 26 | 42 | 40 | |
Total Liabilities | 81 | 102 | 123 | 147 | 228 | 310 | 318 | 391 | 346 | 326 | 344 | 343 | 388 |
18 | 18 | 21 | 21 | 28 | 27 | 27 | 40 | 31 | 30 | 28 | 29 | 28 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 7 | 8 | 5 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 55 | 126 |
56 | 77 | 96 | 126 | 200 | 283 | 286 | 352 | 314 | 295 | 316 | 259 | 234 | |
Total Assets | 81 | 102 | 123 | 147 | 228 | 310 | 318 | 391 | 346 | 326 | 344 | 343 | 388 |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | -5 | 3 | -12 | -4 | -23 | -7 | 9 | 26 | 12 | -18 | 97 | |
-5 | -1 | -2 | 4 | -10 | -9 | -22 | -12 | 6 | -0 | 0 | -58 | |
-4 | 6 | -1 | 13 | 12 | 53 | 11 | 1 | -32 | -12 | 20 | -41 | |
Net Cash Flow | 0 | 0 | 0 | 6 | -2 | 21 | -18 | -3 | -0 | 0 | 2 | -3 |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 87 | 85 | 116 | 129 | 167 | 149 | 218 | 245 | 205 | 255 | 190 | 130 |
Inventory Days | 73 | 73 | 60 | 58 | 58 | 72 | 173 | 195 | 246 | 353 | 138 | 35 |
Days Payable | 54 | 60 | 60 | 65 | 69 | 54 | 65 | 110 | 57 | 128 | 26 | 27 |
Cash Conversion Cycle | 106 | 97 | 116 | 122 | 156 | 167 | 327 | 330 | 394 | 480 | 302 | 138 |
Working Capital Days | 109 | 108 | 119 | 141 | 148 | 186 | 331 | 334 | 432 | 627 | 350 | 168 |
ROCE % | 12% | 11% | 13% | 16% | 37% | 32% | 20% | 14% | 5% | 2% | 7% | 7% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 20 Apr
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 19 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year 31.03.2014 6 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Financial Year 31.03.2024 6 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2009
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Financial Year 2008
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Business Overview:[1][2]
VEL is an integrated, multi-specialty product solutions company that manufactures eco-friendly rubber-plastic compounds and additives. These are essential ingredients in producing a diverse range of environmentally neutral and safety-critical products. Additionally, VEL produces a variety of high-end specialty chemical products and trades in TMT bars, steel, HR coils, CR coils, ERW pipes, and coal.