Vikas EcoTech Limited (VIKASECO) AI Stock Analysis

• Market Cap: ₹3.43B
• Dividend Yield: N/A
• Average Volume (3M): 692.05K
• Price to Earnings (P/E): 31.8
• Beta (1Y): 0.46
• Revenue Growth: 25.88%
• EPS Growth: -44.00%
• Country: IN
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.02
• Shares Outstanding: 1,768,710,000
• 10 Day Avg. Volume: 508,893
• 30 Day Avg. Volume: 692,048
• PEG Ratio: 0.42
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 1.13
• P/FCF Ratio: -6.52
• 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: 28.87% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: ₹2.50 ▲(28.87% 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 (VIKASECO) is a leading provider of sustainable technology solutions, primarily operating in the environmental and renewable energy sectors. The company specializes in the development and deployment of eco-friendly products and services that promote energy efficiency and waste management. VIKASECO's core offerings include biogas plants, waste-to-energy systems, and innovative water treatment solutions aimed at reducing carbon footprints and enhancing resource recovery.

How the Company Makes Money

Vikas EcoTech Limited generates revenue through multiple streams, including the sale of eco-friendly technologies and systems, consulting services for sustainability projects, and maintenance contracts for installed systems. The company also benefits from government incentives and grants aimed at promoting renewable energy and environmental initiatives. Key partnerships with local governments and environmental organizations enhance their market reach, while collaborations with research institutions drive innovation and development of new products. Additionally, VIKASECO may engage in project financing and joint ventures, further diversifying its income sources.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.80B	3.78B	2.59B	4.03B	2.50B	1.16B
Gross Profit	302.94M	234.58M	239.54M	387.19M	116.81M	112.57M
EBITDA	208.09M	309.93M	193.87M	225.19M	247.84M	90.52M
Net Income	89.71M	169.84M	68.47M	95.27M	13.92M	-143.50M
Balance Sheet
Total Assets	0.00	5.13B	4.44B	3.43B	3.44B	3.26B
Cash, Cash Equivalents and Short-Term Investments	48.86M	48.86M	13.74M	55.42M	110.37M	3.20M
Total Debt	0.00	282.63M	192.94M	617.81M	929.47M	1.51B
Total Liabilities	-3.93B	1.19B	671.59M	1.05B	1.17B	1.97B
Stockholders Equity	3.93B	3.93B	3.76B	2.38B	2.28B	1.29B
Cash Flow
Free Cash Flow	0.00	-653.49M	1.15B	915.94M	-195.60M	113.77M
Operating Cash Flow	0.00	-602.14M	1.20B	966.01M	-178.47M	124.39M
Investing Cash Flow	0.00	414.04M	-2.03B	-581.23M	3.06M	-4.22M
Financing Cash Flow	0.00	194.48M	826.03M	-410.68M	200.19M	-120.07M

Vikas EcoTech Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.94
• 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 1.94 is below the 20-day moving average (MA) of 1.98, below the 50-day MA of 2.06, and below the 200-day MA of 2.43, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 38.19 is Neutral, neither overbought nor oversold. The STOCH value of 24.04 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
PASUPTAC	67 Neutral	₹3.86B	14.92	―	―	11.87%	11.41%
BEDMUTHA	64 Neutral	₹4.24B	36.56	―	―	29.52%	-57.94%
AARTISURF	63 Neutral	₹3.86B	25.31	―	0.22%	25.15%	-16.43%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
VIKASECO	59 Neutral	₹3.43B	31.75	―	―	25.88%	-44.00%
GOACARBON	47 Neutral	₹4.07B	15.35	―	4.53%	-27.77%	-143.43%
APCL	46 Neutral	₹3.75B	―	―	―	-22.32%	-46.02%