Vikas Wsp Ltd

Vikas Wsp Ltd

₹ 1.58 -4.82%
26 Feb - close price
About

Incorporated in 1988, Vikas Wsp Limited manufactures and exports Guar Gum
Powder.

Key Points

Product Profile:
Organic Guar Gum:[1][2] Company manufactures Organically Certified Guar Gum by the name of Ecoguar which has various commercially useful properties for food processing and applications. Company is 100% EOU approved for manufacture of Guar Gum Polymer and Derivative for food as well for industrial applications.

  • Market Cap 32.3 Cr.
  • Current Price 1.58
  • High / Low 2.00 / 0.95
  • Stock P/E
  • Book Value 41.8
  • Dividend Yield 0.00 %
  • ROCE -4.12 %
  • ROE -6.39 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.04 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -34.6% over past five years.
  • Promoter holding is low: 14.6%
  • Company has a low return on equity of -4.85% over last 3 years.
  • Contingent liabilities of Rs.765 Cr.
  • Promoters have pledged 56.9% of their holding.
  • Company has high debtors of 9,088 days.
  • Working capital days have increased from 1,412 days to 3,810 days

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
206.53 151.98 138.29 73.05 0.28 10.00 0.47 4.72 17.90 -0.00 -0.00 -0.00 -0.00
191.08 139.88 126.83 64.49 1.16 72.14 0.93 17.97 13.96 5.32 0.48 0.33 0.31
Operating Profit 15.45 12.10 11.46 8.56 -0.88 -62.14 -0.46 -13.25 3.94 -5.32 -0.48 -0.33 -0.31
OPM % 7.48% 7.96% 8.29% 11.72% -314.29% -621.40% -97.87% -280.72% 22.01%
-0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -102.56 -0.00 0.08 0.10
Interest 0.67 1.65 -0.00 -0.00 0.08 30.93 3.77 3.77 3.77 25.91 -0.00 -0.00 -0.00
Depreciation 8.61 8.60 8.53 8.54 8.51 8.80 8.59 8.59 8.59 8.38 8.54 8.54 8.54
Profit before tax 6.17 1.85 2.93 0.02 -9.47 -101.87 -12.82 -25.61 -8.42 -142.17 -9.02 -8.79 -8.75
Tax % 1.30% -69.19% 11.95% -200.00% 0.53% -5.71% -0.00% -0.00% -0.00% 17.94% -0.00% -0.00% -0.00%
6.10 3.14 2.58 0.06 -9.43 -107.69 -12.83 -25.62 -8.42 -116.66 -9.02 -8.79 -8.75
EPS in Rs 0.30 0.15 0.13 0.00 -0.46 -5.27 -0.63 -1.25 -0.41 -5.71 -0.44 -0.43 -0.43
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
546 1,064 2,906 1,037 786 573 194 696 800 758 222 23 0
360 766 2,323 958 804 758 213 594 728 700 265 37 6
Operating Profit 186 298 584 78 -17 -185 -19 102 72 58 -43 -14 -6
OPM % 34% 28% 20% 8% -2% -32% -10% 15% 9% 8% -19% -59%
2 2 6 5 95 20 5 5 30 -0 -0 -103 -102
Interest 17 27 27 33 33 26 46 47 22 4 31 39 26
Depreciation 41 45 45 46 35 35 35 35 35 34 34 34 34
Profit before tax 131 229 517 5 10 -226 -95 26 46 19 -108 -189 -169
Tax % 7% 32% 33% 38% 34% -59% 12% -13% -1% -11% -6% 13%
122 155 345 3 7 -360 -84 29 47 21 -115 -164 -143
EPS in Rs 8.89 11.25 25.07 0.22 0.48 -26.16 -6.11 1.49 2.30 1.04 -5.60 -8.00 -7.01
Dividend Payout % 3% 9% 4% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -32%
5 Years: -35%
3 Years: -69%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: %
TTM: 74%
Stock Price CAGR
10 Years: -20%
5 Years: -32%
3 Years: -33%
1 Year: 37%
Return on Equity
10 Years: -2%
5 Years: -2%
3 Years: -5%
Last Year: -6%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 14 14 14 14 14 14 14 19 20 20 20 20 20
Reserves 916 1,055 1,383 1,403 1,409 1,050 965 1,046 1,105 1,125 1,015 852 834
95 109 166 215 184 169 159 182 155 131 106 307 307
64 332 582 162 122 309 355 406 390 419 443 345 330
Total Liabilities 1,089 1,510 2,145 1,794 1,728 1,541 1,493 1,653 1,671 1,695 1,585 1,524 1,491
901 909 886 842 815 784 749 715 668 634 600 566 549
CWIP 2 2 13 17 11 13 11 11 11 12 12 -0 -0
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
187 600 1,247 935 902 744 734 928 991 1,049 973 958 943
Total Assets 1,089 1,510 2,145 1,794 1,728 1,541 1,493 1,653 1,671 1,695 1,585 1,524 1,491

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
150 124 9 -43 58 37 6 -68 -5 25 0 -1
-135 -57 -33 1 -3 -5 8 1 24 -0 -0 0
-16 -33 14 18 -56 -32 -14 67 -19 -24 -0 -0
Net Cash Flow -1 35 -10 -25 -1 0 -0 -0 0 0 -0 -1

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 37 42 27 62 96 180 584 236 240 292 947 9,088
Inventory Days 45 142 63 107 102 57 179 65 54 40 56 23
Days Payable 18 77 45 47 32 60 247 84 48 42 76 517
Cash Conversion Cycle 63 106 45 123 166 177 515 217 245 289 927 8,594
Working Capital Days 96 80 81 278 286 132 276 141 146 132 293 3,810
ROCE % 15% 23% 40% 2% -3% -14% -5% 6% 4% 2% -6% -4%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.42% 0.42% 0.42% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12%
85.02% 85.02% 85.02% 85.02% 85.03% 85.03% 85.32% 85.30% 85.32% 85.31% 85.31% 85.32%
No. of Shareholders 45,70048,84749,86160,25272,11271,32170,20469,88269,08268,14267,31866,431

* 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.

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