Vikas Ecotech Ltd
Established in 1984, Vikas Ecotech Limited is primarily engaged in the business of manufacturing Specialty Chemicals focused on Additives and Specialty Polymer Compounds. [1]
- 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
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
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 | 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
13 Sep - Outcome of Funds Raising Committee held on September 13, 2023
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Sep - REGARDING COMPLETION OF DISPATCH OF NOTICE AND ANNUAL REPORT OF 38TH AGM AND SUBMISSION OF NEWSPAPER ADVERTISEMENT.
- Reg. 34 (1) Annual Report. 5 Sep
- Notice Of 38Th Annual General Meeting 5 Sep
- Media Release : Vikas Ecotech'S Debt Reduction Program - Updates 5 Sep
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 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]