VIKASECOCommodities

Vikas EcoTech Limited

Specialty Chemicals · ISIN INE806A01020 · BSE 530961 · NSE EQ · FV ₹1
Last price
₹1
0.00%today
What this company does

Vikas EcoTech Limited operates in Specialty Chemicals, part of the Commodities sector. It booked ₹119 cr of revenue in its latest quarter (Q1 FY27) and kept 1.7% of sales as profit.

In the report:
40out of 100
Equitytale Health Score
Strained

Healthier than 40% of companies in Commodities, on the 5 of 6 measures we could read for it. Each measure is ranked against the 25–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns18

How much profit it earns on the money it employs

Balance sheet63

How much it owes, and whether earnings cover the interest

Cash quality15

Whether reported profit actually arrives as cash

Valuation52

What today's price implies, against our models or its peers

Governance & risk67

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 16% vs last year
Virtually debt-free
Watch-outs
! Thin 1.7% net margin
! Profit down 54% vs last year
! 0.0% of promoter stake pledged
! Low 2.0% return on equity
! Operating cash flow is negative

What if I invest in VIKASECO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1 0.00%
latest close · 2026-09-17
1-year return
-50.5%
52-wk low ₹152-wk high ₹7
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio26.0Average
LowAverageHigh
P/B ratio0.37Below book
Below bookModerateHigh
EV / EBITDA8.0Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.0%Weak
WeakFairStrong ▸15%
Return on capital4.1%Weak
WeakFairStrong
Net margin1.7%Thin
ThinDecentStrong
EBITDA margin4.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.07Comfortable
LowModerateHigh ▸1
Interest cover4.1×Okay
RiskyOkayStrong ▸5×
Current ratio3.77Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹144 cr
Book value
₹3
EPS
₹0.01
latest quarter
Net debt
₹29 cr
owes more than its cash
Enterprise value
₹174 cr
EBITDA
₹22 cr
annualised
EBIT
₹17 cr
annualised
Operating margin
3.6%
Return on assets
1.6%
Earnings yield
3.85%
P/S
0.30
Sales / share
₹3.4
Tax rate
38.8%
Face value
₹1
Shares
138.8 cr
Working capital
₹262 cr
Current assets
₹356 cr
Current liabilities
₹94 cr
Delivery %
61.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 4% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹1₹2, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹119 cr
Other Income₹3 cr
Total Income₹122 cr
Cost of Materials₹78 cr
Purchases of Stock-in-Trade₹35 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹2 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹4 cr
Total Expenses₹119 cr
Profit before Tax₹3 cr
Tax Expense₹1 cr
Net Profit₹2 cr
Net margin on total income1.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹111 cr91.1%
Employee benefit expense₹2 cr1.2%
Finance costs₹1 cr0.9%
Depreciation & amortisation₹1 cr0.9%
Other expenses₹4 cr3.2%
Tax expense₹1 cr1.0%
Profit for the period₹2 cr1.6%
Total income ₹122 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue69 cr116 cr119 cr
Total income71 cr118 cr122 cr
Expenses69 cr120 cr119 cr
Profit before tax2 cr-2 cr3 cr
Tax2 cr-2 cr1 cr
Net profit (owners' share)-54.3 L-79.9 L2 cr
Net margin (owners' share, on revenue)-0.8%-0.7%1.7%
EPS (₹)0.000.000.01
YoY (latest quarter): total income +16.0% · net profit -53.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹513 cr
Shareholder equity
₹395 cr
parent shareholders
Total debt
₹29 cr
Cash
₹16.5 L
Cash flow · H1 FY26
Operating
₹-12 cr
Investing
₹4 cr
Financing
₹7 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.05
ex 19 Sep 2019
ActionDetailEx-date
Rights issue25:1224 Nov 2021
Rights issue10:139 Jun 2021
Dividend₹0.05 / share19 Sep 2019
Dividend₹0.05 / share19 Sep 2018
Dividend₹0.05 / share20 Sep 2017
Dividend₹0.05 / share22 Sep 2016
Who owns it · 2026-03-31
0.0% pledged
Promoter
10.7%
FII / Foreign
0.0%
DII / Domestic
0.0%
Retail / others
89.3%
Promoter stake up 3.8% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVikas Garg · Promoters10.00 cr · ₹34.0 cr6 Dec 23
SoldVIKAS GARG · Promoters15.00 L · ₹88.5 L25 Mar 22
SoldVIKAS GARG · Promoters45.00 L · ₹2.4 cr24 Mar 22
Bulk / block deals
SoldVISHWAS FINCAP SERVICES PRIVATE LIMITED · NSE85.87 L @ ₹3.614 Jun 24
BoughtVISHWAS FINCAP SERVICES PRIVATE LIMITED · NSE72.87 L @ ₹3.594 Jun 24
SoldVISHWAS FINCAP SERVICES PRIVATE LIMITED · NSE78.72 L @ ₹3.683 Jun 24
Stake changes
BoughtVikas Garg and pac · promoter→ 2.90% · 70.00 L24 May 25
BoughtVikas Garg alongwith PAC · promoter→ 12.86% · 10.00 cr20 Mar 24
BoughtVikas Garg · promoter→ 9.17% · 3.85 cr16 Mar 22
Promoter pledges
ReleasedAnand Rathi Global Finance Ltd through Anand Rathi Shares and StockBrokers Ltd1.13 cr · 4.05% held12 Dec 19
ReleasedAnand Rathi Global Finance Limited through Anand Rathi Shares & Stock Brokers Limited1.00 cr · 3.57% held12 Dec 19
InvokedAnand Rathi Global Finance Ltd.97,099 · 4.10% held24 Sep 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
ADOPTION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025.
Backed by 99% of shareholders other than promotersneeded 50%
1.66 cr votes for, 1.17 L against · 0% of mutual funds and other big investors said no
2
TO APPOINT A DIRECTOR IN PLACE OF MR. RAJEEV KUMAR (DIN: 10271754), EXECUTIVE DIRECTOR, WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT.
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
1.64 cr votes for, 2.89 L against · 0% of mutual funds and other big investors said no
3
MEMBERS APPROVAL FOR SECURING THE BORROWINGS OF THE COMPANY UNDER SECTION 180(1)(A) OF THE COMPANIES ACT, 2013.
Backed by 99% of shareholders other than promotersneeded 75%
1.65 cr votes for, 1.89 L against · 0% of mutual funds and other big investors said no
4
AUTHORISE THE BOARD TO BORROW MONEY.
Backed by 99% of shareholders other than promotersneeded 75%
1.65 cr votes for, 2.11 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 10.7% between them · as of 2026-03-31
VIKAS GARG10.10%
SUKRITI GARG0.25%
VIKAS LIFECARE LIMITED0.23%
USHA GARG0.03%
VIKAS GARG HUF0.03%
NAND KISHORE GARG0.01%
NAND KISHORE GARG HUFno shares
SEEMA GARGno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.