VIKASECO
Vikas EcoTech Limited
Specialty chemicals and polymers for plastic additives and compounds
Commodities›Chemicals›Chemicals & Petrochemicals›Specialty Chemicals
vikasecotech.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
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Price & valuation
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What you need to know
Vikas EcoTech Limited is a specialty chemicals and polymers company — plastic additives, compounds and related products, with a complex holding structure including step-down subsidiaries and historical corporate restructuring.
Segment mix
Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.
Largest segment: 64.4% of revenue
| Segment | Revenue share | Revenue | PBT | Assets |
|---|---|---|---|---|
| Chemical, polymers & Special Additives | 64.4% | 177 Cr | 21 Cr | — |
| Infra & Energy | 35.6% | 98 Cr | 5 Cr | — |
| Real Estate | — | 0 Cr | 0 Cr | — |
What we see
- ✓Debt-to-equity of 0.07x — the company is largely funded by its own money, not borrowed funds.
- ✗Net margin is very thin at 0.9% — little room for error if costs rise.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 Cr | 101 Cr | 89 Cr | 85 Cr | 103 Cr | 104 Cr | 65 Cr | 69 Cr | 116 Cr | 119 Cr |
| Operating expenses (approx.) | 69 Cr | 99 Cr | 84 Cr | 83 Cr | 99 Cr | 99 Cr | 62 Cr | 69 Cr | 117 Cr | 117 Cr |
| EBITDA | 3 Cr | 2 Cr | 5 Cr | 1 Cr | 4 Cr | 5 Cr | 3 Cr | -0.54 Cr | -1 Cr | 2 Cr |
| OPM % | 3.7% | 2.1% | 5.4% | 1.6% | 3.6% | 4.5% | 4.1% | -0.8% | -0.9% | 2.0% |
| Other income | 3 Cr | 14 Cr | 1.00 Cr | 1 Cr | 3 Cr | 1 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr |
| Interest | 0.82 Cr | 0.90 Cr | 0.88 Cr | 1 Cr | 1 Cr | 1 Cr | 1 Cr | 0 Cr | 0.72 Cr | 1 Cr |
| Depreciation | 1 Cr | 1 Cr | 0.98 Cr | 1 Cr | 2 Cr | 1 Cr | 1 Cr | 0 Cr | 2 Cr | 1 Cr |
| Profit before tax | 3 Cr | 14 Cr | 4 Cr | 0.38 Cr | 3 Cr | 3 Cr | 2 Cr | 2 Cr | -2 Cr | 3 Cr |
| Tax % | 31.3% | 27.7% | 27.7% | 244.0% | -30.8% | 28.5% | 22.8% | 128.6% | 78.9% | 38.8% |
| Net profit | 2 Cr | 10 Cr | 3 Cr | -0.55 Cr | 4 Cr | 2 Cr | 2 Cr | -0.54 Cr | -0.44 Cr | 2 Cr |
| EPS (₹) | ₹0.02 | ₹0.07 | ₹0.01 | ₹0.00 | ₹0.03 | ₹0.02 | ₹0.01 | ₹0.00 | — | ₹0.01 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 259 Cr | 378 Cr | 353 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 243 Cr | 366 Cr | 345 Cr | Sign in free for the trailing twelve months |
| EBITDA | 16 Cr | 12 Cr | 8 Cr | Sign in free for the trailing twelve months |
| OPM % | 6.2% | 3.2% | 2.4% | Sign in free for the trailing twelve months |
| Other income | 4 Cr | 6 Cr | 7 Cr | Sign in free for the trailing twelve months |
| Interest | 7 Cr | 4 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Depreciation | 4 Cr | 5 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 9 Cr | 21 Cr | 5 Cr | Sign in free for the trailing twelve months |
| Tax % | 27.3% | 19.7% | 34.2% | Sign in free for the trailing twelve months |
| Net profit | 7 Cr | 17 Cr | 3 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹0.06 | ₹0.10 | ₹0.02 | Sign in free for the trailing twelve months |
| Dividend payout % | 0.0% | 0.0% | 0.0% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity capital | 139 Cr | 139 Cr | 139 Cr |
| Reserves | 238 Cr | 254 Cr | 256 Cr |
| Borrowings | 19 Cr | 28 Cr | 29 Cr |
| Other liabilities | 48 Cr | 92 Cr | 66 Cr |
| Total liabilities | 444 Cr | 513 Cr | 513 Cr |
| Fixed assets (net) | 34 Cr | 35 Cr | 33 Cr |
| CWIP | 0.30 Cr | 0.47 Cr | — |
| Investments | 235 Cr | 147 Cr | 66 Cr |
| Loans & advances | 0 Cr | 7 Cr | 2 Cr |
| Inventories | 44 Cr | 40 Cr | 41 Cr |
| Trade receivables | 77 Cr | 115 Cr | 127 Cr |
| Cash & bank | 1 Cr | 3 Cr | 0.16 Cr |
| Other assets | 52 Cr | 166 Cr | 243 Cr |
| Total assets | 444 Cr | 513 Cr | 513 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operating activity | 120 Cr | -60 Cr | -113 Cr |
| Cash from investing | -203 Cr | 46 Cr | 96 Cr |
| Cash from financing | 83 Cr | 15 Cr | 17 Cr |
| Net cash flow | -0.33 Cr | 0.64 Cr | -0.44 Cr |
| Free cash flow (OCF − Capex) | 115 Cr | -60 Cr | -117 Cr |
Ratios
| Metric | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| ROCE % | 4.0% | 6.0% | 2.1% |
| ROE % | 1.8% | 4.3% | 0.4% |
| Debtor days | 108 | 111 | 130 |
| Inventory days | 169 | 75 | 85 |
| Days payable | 140 | 118 | 108 |
| Cash conversion cycle | 137 | 67 | 108 |
| OCF / EBITDA % | 752.8% | -505.1% | n.m. |
| OCF / EBITDA % (3 years) | — | — | -147.6% |
| Debt / equity | 0.05 | 0.07 | 0.07 |
| Current ratio | 2.09 | 2.27 | 3.77 |
| Net debt / EBITDA | 1.13 | 2.07 | 3.50 |