Vikas Ecotech Ltd

Vikas Ecotech Ltd

₹ 3.77 1.07%
19 Jun 9:05 a.m.
About

Incorporated in 1984, Vikas Ecotech Ltd
is in the business of high-end specialty chemicals[1]

Key Points

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.

  • Market Cap 667 Cr.
  • Current Price 3.77
  • High / Low 5.65 / 2.80
  • Stock P/E 101
  • Book Value 2.71
  • Dividend Yield 0.00 %
  • ROCE 4.51 %
  • ROE 2.15 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 141 to 102 days.
  • Company's working capital requirements have reduced from 211 days to 117 days

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 10.7%
  • Company has a low return on equity of 2.41% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
36.74 18.10 73.97 75.26 83.09 88.69 134.33 111.32 68.33 57.70 60.74 68.46 59.70
40.98 17.00 68.18 66.53 75.67 84.07 127.67 105.69 63.31 53.63 55.25 64.73 56.67
Operating Profit -4.24 1.10 5.79 8.73 7.42 4.62 6.66 5.63 5.02 4.07 5.49 3.73 3.03
OPM % -11.54% 6.08% 7.83% 11.60% 8.93% 5.21% 4.96% 5.06% 7.35% 7.05% 9.04% 5.45% 5.08%
0.82 0.36 1.26 0.43 -0.31 0.44 0.60 0.82 1.31 1.20 -0.25 0.30 1.87
Interest 5.59 4.48 5.28 4.45 4.87 2.66 2.72 2.64 2.62 2.32 1.99 1.45 0.82
Depreciation 1.08 0.90 0.90 0.89 0.91 0.81 0.86 0.96 1.34 0.87 0.90 0.93 1.05
Profit before tax -10.09 -3.92 0.87 3.82 1.33 1.59 3.68 2.85 2.37 2.08 2.35 1.65 3.03
Tax % -8.33% -0.26% 25.29% 10.21% 7.52% 8.18% 3.53% 3.86% 24.47% 25.48% 25.11% 24.85% 31.68%
-10.92 -3.93 0.65 3.43 1.23 1.46 3.54 2.74 1.79 1.55 1.77 1.23 2.06
EPS in Rs -0.11 -0.04 0.01 0.04 0.01 0.02 0.04 0.03 0.02 0.01 0.01 0.01 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
157 170 211 307 371 233 245 192 116 250 397 247
149 159 194 258 303 181 216 180 112 227 375 230
Operating Profit 8 10 17 49 68 52 30 12 4 23 22 16
OPM % 5% 6% 8% 16% 18% 22% 12% 6% 4% 9% 6% 7%
2 2 3 5 -14 4 14 15 5 2 3 3
Interest 5 6 11 11 13 11 14 19 18 19 11 7
Depreciation 2 2 3 3 4 4 5 5 4 4 4 4
Profit before tax 4 4 6 39 37 41 25 3 -13 2 10 9
Tax % 3% 18% 39% 35% 34% 35% 40% 65% -10% 34% 9% 27%
3 3 4 26 24 27 15 1 -14 1 10 7
EPS in Rs 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 % 15% 15% 34% 5% 6% 5% 9% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 0%
3 Years: 29%
TTM: -38%
Compounded Profit Growth
10 Years: 7%
5 Years: -15%
3 Years: 35%
TTM: -29%
Stock Price CAGR
10 Years: -5%
5 Years: -11%
3 Years: 24%
1 Year: 5%
Return on Equity
10 Years: 7%
5 Years: 0%
3 Years: 2%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 10 10 25 25 28 28 28 28 28 94 95 139
Reserves 27 31 18 41 105 100 114 115 101 134 143 237
37 43 68 94 118 141 158 145 151 91 63 19
28 39 36 68 59 48 92 57 46 26 42 35
Total Liabilities 102 123 147 228 310 318 391 346 326 344 343 430
18 21 21 28 27 27 40 31 30 28 29 29
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 8 5 0 0 0 5 0 0 0 0 55 258
77 96 126 200 283 286 352 314 295 316 259 143
Total Assets 102 123 147 228 310 318 391 346 326 344 343 430

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 3 -12 -4 -23 -7 9 26 12 -18 97 119
-1 -2 4 -10 -9 -22 -12 6 -0 0 -58 -203
6 -1 13 12 53 11 1 -32 -12 20 -41 82
Net Cash Flow 0 0 6 -2 21 -18 -3 -0 0 2 -3 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 116 129 167 149 218 245 205 255 190 130 102
Inventory Days 73 60 58 58 72 173 195 246 353 138 35 62
Days Payable 60 60 65 69 54 65 110 57 128 26 27 45
Cash Conversion Cycle 97 116 122 156 167 327 330 394 480 302 138 119
Working Capital Days 108 119 141 148 186 331 334 432 627 350 168 117
ROCE % 11% 13% 16% 37% 32% 20% 14% 5% 2% 7% 7%

Shareholding Pattern

Numbers in percentages

13 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024May 2024
15.60% 15.60% 9.47% 9.29% 9.29% 9.29% 9.32% 7.85% 6.87% 6.87% 13.57% 10.66%
3.32% 0.08% 1.11% 1.08% 1.08% 1.08% 0.03% 15.18% 9.42% 0.01% 0.01% 0.01%
81.09% 84.33% 89.42% 89.63% 89.64% 89.63% 90.64% 76.98% 83.70% 93.12% 86.42% 89.34%
No. of Shareholders 85,5611,31,3962,44,8762,68,3992,57,5762,66,5382,65,4122,75,7693,44,4793,83,1025,01,0255,01,059

* 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.

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