Vikas EcoTech Limited (VIKASECO) AI Stock Analysis

• Market Cap: ₹3.93B
• Dividend Yield: N/A
• Average Volume (3M): 932.96K
• Price to Earnings (P/E): 19.6
• Beta (1Y): 0.70
• Revenue Growth: 46.03%
• EPS Growth: 113.61%
• Country: IN
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• Shares Outstanding: 1,768,710,000
• 10 Day Avg. Volume: 789,226
• 30 Day Avg. Volume: 932,961
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2.50
• Price Target Upside: 14.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ₹2.50 ▲(14.68% Upside)

The overall stock score for Vikas EcoTech Limited is 59.4, primarily driven by strong financial performance characterized by significant revenue growth and effective equity management. However, challenges in cash flow generation and low net profit margins impact the score negatively. Technical analysis shows mixed momentum, and valuation suggests moderate attractiveness. The lack of earnings call data and corporate events means these factors did not influence the score.

Vikas EcoTech Limited Business Overview & Revenue Model

Company Description

Vikas EcoTech Limited is an Indian company specializing in the production and distribution of specialty chemicals and eco-friendly compounds. The company operates within the chemicals sector, focusing on the development of innovative products that cater to various industrial applications, including agriculture, automotive, packaging, electricals, and infrastructure. With a commitment to sustainability, Vikas EcoTech Limited produces a range of products, including plastic additives, rubber-plastic polymer compounds, and other performance-enhancing materials.

How the Company Makes Money

Vikas EcoTech Limited generates revenue primarily through the sale of its specialty chemical products and eco-friendly compounds. The company's revenue model is centered around providing high-performance additives and compounds to various industries, which are essential for enhancing the quality and durability of products in sectors such as agriculture, automotive, and infrastructure. Key revenue streams include sales of plastic additives, which improve the properties of plastics, and rubber-plastic polymer compounds used in manufacturing. Additionally, the company's focus on eco-friendly and sustainable solutions appeals to businesses aiming to meet regulatory standards and consumer demand for greener products. Vikas EcoTech may also engage in strategic partnerships and collaborations with other firms to expand its market reach and enhance its product offerings, which can further contribute to its earnings.

Vikas EcoTech Limited Financial Statement Overview

Summary

Vikas EcoTech Limited demonstrates strong revenue growth and efficient equity management, but faces challenges in cash flow generation and maintaining net profitability. The company shows promise with improved revenue and equity utilization metrics, yet the negative free cash flow and low net margins are areas to address for sustainable financial health.

Income Statement

Vikas EcoTech Limited has shown significant revenue growth over the past years, with the most recent annual increase of 45.5% in 2025. Gross Profit Margin improved to 6.2% in 2025 from 12.2% in the previous year, indicating efficiency in production cost management. However, the Net Profit Margin remains relatively low at 4.5%, suggesting that operating expenses are impacting overall profitability despite the revenue growth.

Balance Sheet

The company's Debt-to-Equity Ratio is relatively low at 0.07, reflecting a strong equity position compared to debt, which enhances financial stability. The Return on Equity (ROE) improved significantly to 4.3% in 2025, up from 1.8% in 2024, indicating better utilization of shareholders' equity. However, the Equity Ratio is a solid 76.7%, underscoring the company's ability to leverage its assets effectively.

Cash Flow

Vikas EcoTech's Free Cash Flow showed negative growth in 2025, falling to -653 million, which is concerning. The Operating Cash Flow to Net Income Ratio is negative, highlighting challenges in converting revenue into actual cash flow. While the company had positive cash flow from financing activities, reliance on external financing may pose risks if not managed carefully.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	3.78B	2.59B	2.29B	4.03B	1.16B
Gross Profit	234.58M	315.45M	116.81M	387.19M	112.57M
EBITDA	309.93M	193.87M	243.29M	242.47M	90.52M
Net Income	169.84M	68.47M	13.92M	95.27M	-143.50M
Balance Sheet
Total Assets	5.13B	4.44B	3.44B	3.43B	3.26B
Cash, Cash Equivalents and Short-Term Investments	48.86M	13.74M	26.72M	55.42M	1.52M
Total Debt	282.63M	192.94M	929.47M	617.81M	1.51B
Total Liabilities	1.19B	671.59M	1.17B	1.05B	1.97B
Stockholders Equity	3.93B	3.76B	2.28B	2.38B	1.29B
Cash Flow
Free Cash Flow	-653.49M	1.15B	-195.60M	915.94M	113.77M
Operating Cash Flow	-602.14M	1.20B	-178.47M	966.01M	124.39M
Investing Cash Flow	414.04M	-2.03B	3.06M	-581.23M	-4.22M
Financing Cash Flow	194.48M	826.03M	200.19M	-410.68M	-120.07M

Vikas EcoTech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIKASECO, the sentiment is Negative. The current price of 2.18 is below the 20-day moving average (MA) of 2.29, below the 50-day MA of 2.40, and below the 200-day MA of 2.72, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 35.53 is Neutral, neither overbought nor oversold. The STOCH value of 35.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VIKASECO.

Vikas EcoTech Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AARTISURF	63 Neutral	₹3.95B	25.86		―	25.15%	-16.39%
BEDMUTHA	61 Neutral	₹4.53B	39.45		―	29.23%	18.49%
VIKASECO	59 Neutral	₹3.93B	19.65		―	46.03%	113.61%
PASUPTAC	57 Neutral	₹4.16B	11.77		―	8.03%	167.93%
APCL	50 Neutral	₹4.30B	―		―	-22.32%	-46.01%
GOACARBON	44 Neutral	₹4.21B	15.35		4.28%	-51.91%	-125.77%
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%