Vikas EcoTech Limited (IN:VIKASECO)
:VIKASECO
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Vikas EcoTech Limited
(VIKASECO)
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Rating:58Neutral
Price Target:
₹1.50
▼(-12.79% Downside)
Action:Reiterated
Date:04/09/26
The score is primarily driven by solid financial stability and revenue growth, offset by concerning cash flow quality and thin profitability. Technical signals are mixed with only modest momentum, while valuation is penalized by a negative P/E and lack of dividend data.
Positive Factors
Low Leverage
A very low debt-to-equity ratio (0.07) gives the company durable financial stability and a low interest burden. Over 2-6 months this reduces insolvency risk, preserves borrowing capacity for working capital or opportunistic investments, and supports operational resilience during cycles.
Negative Factors
Negative Free Cash Flow
Material negative free cash flow (-653 million) despite revenue growth indicates operations are consuming cash. Persisting negative FCF constrains organic capex and working capital funding, forces reliance on external financing, and raises liquidity risk if financing costs or conditions tighten over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A very low debt-to-equity ratio (0.07) gives the company durable financial stability and a low interest burden. Over 2-6 months this reduces insolvency risk, preserves borrowing capacity for working capital or opportunistic investments, and supports operational resilience during cycles.
Read all positive factors
Vikas EcoTech Limited (VIKASECO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.28B
Dividend YieldN/A
Average Volume (3M)260.83K
Price to Earnings (P/E)33.7
Beta (1Y)0.99
Revenue Growth-2.07%
EPS Growth-51.16%
CountryIN
Employees109
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,768,710,000
10 Day Avg. Volume400,205
30 Day Avg. Volume260,834
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.08
Price to Sales (P/S)1.13
P/FCF Ratio-6.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vikas EcoTech Limited Business Overview & Revenue Model
Company Description
Vikas EcoTech Limited, an Indian enterprise headquartered in New Delhi since its establishment in 1984, specializes in the manufacturing and distribution of various industrial materials. The company's core offerings include a diverse range of spec...
How the Company Makes Money
Vikas EcoTech primarily makes money by selling specialty chemical products—especially polymer additives and related compounds—used by industrial customers to enhance material properties (e.g., processing efficiency, durability, and performance) in...
Vikas EcoTech Limited Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.78B | 2.59B | 4.03B | 2.50B | 1.16B |
| Gross Profit | 272.44M | 234.58M | 239.54M | 387.19M | 116.81M | 112.57M |
| EBITDA | 197.90M | 309.93M | 193.87M | 225.19M | 247.84M | 90.52M |
| Net Income | 78.74M | 169.84M | 68.47M | 95.27M | 13.92M | -143.50M |
Balance Sheet | ||||||
| Total Assets | 4.86B | 5.13B | 4.44B | 3.43B | 3.44B | 3.26B |
| Cash, Cash Equivalents and Short-Term Investments | 524.33M | 48.86M | 13.74M | 55.42M | 110.37M | 3.20M |
| Total Debt | 376.19M | 284.44M | 192.94M | 617.81M | 929.47M | 1.51B |
| Total Liabilities | 883.31M | 1.19B | 671.59M | 1.05B | 1.17B | 1.97B |
| Stockholders Equity | 3.97B | 3.93B | 3.76B | 2.38B | 2.28B | 1.29B |
Cash Flow | ||||||
| Free Cash Flow | -152.34M | -653.49M | 1.15B | 915.94M | -195.60M | 113.77M |
| Operating Cash Flow | -128.77M | -602.14M | 1.20B | 966.01M | -178.47M | 124.39M |
| Investing Cash Flow | 37.37M | 414.04M | -2.03B | -581.23M | 3.06M | -4.22M |
| Financing Cash Flow | 71.43M | 194.48M | 826.03M | -410.68M | 200.19M | -120.07M |
Vikas EcoTech Limited Technical Analysis
Neutral
1.72
Price Trends
1.36
Negative
1.37
Negative
1.60
Negative
Market Momentum
-0.02
Negative
46.98
Neutral
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VIKASECO, the sentiment is Neutral. The current price of 1.72 is above the 20-day moving average (MA) of 1.29, above the 50-day MA of 1.36, and above the 200-day MA of 1.60, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 46.98 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VIKASECO.
Vikas EcoTech Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹50.64B | 33.23 | ― | 0.65% | 44.79% | 14.20% | |
66 Neutral | ₹2.37B | 18.42 | ― | 1.11% | -39.14% | -65.08% | |
64 Neutral | ₹8.55B | 17.69 | ― | ― | 15.32% | 158.73% | |
64 Neutral | ₹29.55B | 19.81 | ― | 0.09% | 15.19% | 9.27% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹2.28B | 33.70 | ― | ― | -2.07% | -51.16% | |
54 Neutral | ₹3.29B | 26.57 | ― | 0.25% | 30.35% | -15.12% |
* Basic Materials Sector Average
IN:VIKASECO
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1.28
-1.18
-47.97%
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Vikas EcoTech Limited Corporate Events
Vikas EcoTech Files SEBI Regulation 74(5) Compliance Certificate for FY 2026
Apr 4, 2026
Vikas EcoTech Limited has confirmed that, for the quarter and year ended March 31, 2026, it has provided all relevant stock exchanges with details of shares that were converted between physical and electronic form, as required under Regulation 74(...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.