Vikas Ecotech Ltd

Vikas Ecotech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vikas Ecotech Ltd

₹ 3.75 0.00%
29 Sep 12:04 p.m.
vikasecotech.com BSE: 530961 NSE - BE : VIKASECO
About

Established in 1984, Vikas Ecotech Limited is primarily engaged in the business of manufacturing Specialty Chemicals focused on Additives and Specialty Polymer Compounds. [1]

Key Points

Business Segments
Speciality Additives - Organotin Stabilisers, Dimethyl Tin Dichloride, Plasticizers and Flame Retardants.
Specialty Polymer Compounds - Thermoplastic Rubber (TPR) Compounds, Thermoplastic Elastomer (TPE) Compounds and Ethylene Vinyl Acetate (EVA) Compounds.

The Company markets its products under well-recognized brand names “Tinmate”, “Thermate”, “Veeprene TPR compound” and “Veeprene TPE compound”. It is the only manufacturer of Organotins in India with in-house R&D facilities and is one amongst single digit number of manufacturers worldwide who has technology and expertise for its manufacturing right from tin metal stage to the final product.[1][2][3][4]

Website BSE NSE - BE
  • Market Cap ₹ 483 Cr.
  • Current Price ₹ 3.75
  • High / Low ₹ 5.09 / 2.35
  • Stock P/E 50.2
  • Book Value ₹ 2.51
  • Dividend Yield 0.00 %
  • ROCE 6.76 %
  • ROE 4.02 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • 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 has decreased over last quarter: -1.48%
  • Promoter holding is low: 7.85%
  • Tax rate seems low
  • Company has a low return on equity of -0.68% over last 3 years.

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
7.47 43.57 28.40 36.74 18.10 73.97 75.26 83.09 88.69 134.33 111.32 68.33 57.70
8.09 37.04 27.05 40.98 17.00 68.18 66.53 75.67 84.07 127.67 105.69 63.31 53.63
Operating Profit -0.62 6.53 1.35 -4.24 1.10 5.79 8.73 7.42 4.62 6.66 5.63 5.02 4.07
OPM % -8.30% 14.99% 4.75% -11.54% 6.08% 7.83% 11.60% 8.93% 5.21% 4.96% 5.06% 7.35% 7.05%
0.15 1.07 3.99 0.82 0.36 1.26 0.43 -0.31 0.44 0.60 0.82 1.31 1.20
Interest 3.86 4.39 4.32 5.59 4.48 5.28 4.45 4.87 2.66 2.72 2.64 2.62 2.32
Depreciation 0.95 0.97 0.96 1.08 0.90 0.90 0.89 0.91 0.81 0.86 0.96 1.34 0.87
Profit before tax -5.28 2.24 0.06 -10.09 -3.92 0.87 3.82 1.33 1.59 3.68 2.85 2.37 2.08
Tax % 0.00% 17.86% 66.67% -8.33% -0.26% 25.29% 10.21% 7.52% 8.18% 3.53% 3.86% 24.47% 25.48%
-5.29 1.85 0.02 -10.92 -3.93 0.65 3.43 1.23 1.46 3.54 2.74 1.79 1.55
EPS in Rs -0.06 0.02 0.00 -0.11 -0.04 0.01 0.04 0.01 0.02 0.04 0.03 0.02 0.01
Raw PDF

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
110 157 170 211 307 371 233 245 192 116 250 397 372
103 149 159 194 258 303 181 216 180 112 227 375 350
Operating Profit 7 8 10 17 49 68 52 30 12 4 23 22 21
OPM % 7% 5% 6% 8% 16% 18% 22% 12% 6% 4% 9% 6% 6%
7 2 2 3 5 -14 4 14 15 5 2 3 4
Interest 4 5 6 11 11 13 11 14 19 18 19 11 10
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 11
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 10
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 0.10
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: 16%
Compounded Profit Growth
10 Years: 13%
5 Years: -19%
3 Years: 54%
TTM: 42%
Stock Price CAGR
10 Years: 3%
5 Years: -16%
3 Years: 1%
1 Year: 23%
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
10 10 10 25 25 28 28 28 28 28 94 95
Reserves 24 27 31 18 41 105 100 114 115 101 134 143
25 37 43 68 94 118 141 158 145 151 91 63
21 28 39 36 68 59 48 92 57 46 26 42
Total Liabilities 81 102 123 147 228 310 318 391 346 326 344 343
18 18 21 21 28 27 27 40 31 30 28 29
CWIP 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
56 77 96 126 200 283 286 352 314 295 316 259
Total Assets 81 102 123 147 228 310 318 391 346 326 344 343

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%

Shareholding Pattern

Numbers in percentages

55 Recently
Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
31.87% 17.09% 9.42% 9.42% 15.60% 15.60% 9.47% 9.29% 9.29% 9.29% 9.32% 7.85%
11.24% 21.35% 8.68% 0.30% 3.32% 0.08% 1.11% 1.08% 1.08% 1.08% 0.03% 15.18%
0.00% 0.00% 2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
56.89% 61.56% 79.60% 90.28% 81.09% 84.33% 89.42% 89.63% 89.64% 89.63% 90.64% 76.98%
No. of Shareholders 47,17650,24158,49768,99485,5611,31,3962,44,8762,68,3992,57,5762,66,5382,65,4122,75,769

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Right Issue

Credit ratings

Concalls

  • Feb 2019
    Transcript
    Notes
    PPT
  • Nov 2018
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    Notes
    PPT
  • Aug 2018
    Transcript
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  • Feb 2017
    Transcript
    Notes
    PPT
  • Nov 2016
    Transcript
    Notes
    PPT