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Vikas EcoTech Limited
(VIKASECO)
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Rating:44Neutral
Price Target:
₹1.00
▼(-41.86% Downside)
Action:Reiterated
Date:07/06/26
The score is held down primarily by weakening operating profitability and materially negative recent cash flows, despite a much lower-leverage balance sheet. Technicals also indicate a weak trend (price below key moving averages with a negative MACD), and valuation (P/E ~29.3 with no dividend yield provided) offers limited support given the thin 2026 margins.
Positive Factors
Low leverage / conservative balance sheet
A materially lower debt-to-equity ratio reduces refinancing and interest-rate risks and preserves financial flexibility. Over the medium term this balance-sheet strength supports working-capital draws, selective capex or M&A, and resilience while earnings and cash flow recover.
Negative Factors
Compressed profitability and falling revenue
Sustained margin compression and declining top-line reduce internal cash available for reinvestment and make the business much more sensitive to cost or demand shocks. Over the medium term, thin operating margins constrain pricing power and limit the company’s ability to fund growth or margin-restoring initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
A materially lower debt-to-equity ratio reduces refinancing and interest-rate risks and preserves financial flexibility. Over the medium term this balance-sheet strength supports working-capital draws, selective capex or M&A, and resilience while earnings and cash flow recover.
Read all positive factors
Vikas EcoTech Limited (VIKASECO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.18B
Dividend YieldN/A
Average Volume (3M)260.83K
Price to Earnings (P/E)90.2
Beta (1Y)1.01
Revenue Growth-6.48%
EPS Growth-88.51%
CountryIN
Employees131
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,768,710,000
10 Day Avg. Volume400,205
30 Day Avg. Volume260,834
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.21
Price to Sales (P/S)0.23
P/FCF Ratio-0.71
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 engages in the manufacture and sale of specialty additives, and rubber-plastic and polymer compounds in India. It operates through three segments: Infra & Energy, Chemical, Polymers & Special Additives; and Real Estate. The c...
How the Company Makes Money
Vikas EcoTech Limited makes money primarily by manufacturing and selling specialty chemical products—particularly polymer and rubber additives—to business customers (B2B) such as polymer processors, compounders, and manufacturers that incorporate ...
Vikas EcoTech Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
71
Positive
Cash Flow
23
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.53B | 3.78B | 2.59B | 4.03B | 2.50B |
| Gross Profit | 194.71M | 234.58M | 239.54M | 387.19M | 116.81M |
| EBITDA | 83.47M | 309.93M | 193.87M | 225.19M | 247.84M |
| Net Income | 16.68M | 169.84M | 68.47M | 95.27M | 13.92M |
Balance Sheet | |||||
| Total Assets | 5.13B | 5.13B | 4.44B | 3.43B | 3.44B |
| Cash, Cash Equivalents and Short-Term Investments | 44.45M | 48.86M | 13.74M | 55.42M | 110.37M |
| Total Debt | 297.24M | 284.44M | 192.94M | 617.81M | 929.47M |
| Total Liabilities | 958.50M | 1.19B | 671.59M | 1.05B | 1.17B |
| Stockholders Equity | 3.95B | 3.93B | 3.76B | 2.38B | 2.28B |
Cash Flow | |||||
| Free Cash Flow | -1.16B | -653.49M | 1.15B | 915.94M | -195.60M |
| Operating Cash Flow | -1.12B | -602.14M | 1.20B | 966.01M | -178.47M |
| Investing Cash Flow | 899.27M | 414.04M | -2.03B | -581.23M | 3.06M |
| Financing Cash Flow | 219.20M | 194.48M | 826.03M | -410.68M | 200.19M |
Vikas EcoTech Limited Technical Analysis
Negative
1.72
Price Trends
1.29
Negative
1.32
Negative
1.53
Negative
Market Momentum
-0.02
Positive
40.63
Neutral
26.56
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 1.72 is above the 20-day moving average (MA) of 1.24, above the 50-day MA of 1.29, and above the 200-day MA of 1.53, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.63 is Neutral, neither overbought nor oversold. The STOCH value of 26.56 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹42.13B | 11.70 | ― | 0.65% | 44.79% | 14.20% | |
66 Neutral | ₹2.46B | 18.77 | ― | 1.11% | -39.14% | -65.07% | |
64 Neutral | ₹7.49B | 15.84 | ― | ― | 15.32% | 158.73% | |
64 Neutral | ₹29.25B | 19.57 | ― | 0.09% | 15.19% | 9.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹3.26B | 25.97 | ― | 0.25% | 30.35% | -15.12% | |
44 Neutral | ₹2.18B | 90.15 | ― | ― | -6.48% | -88.51% |
* General Sector Average
IN:VIKASECO
Vikas EcoTech Limited
1.19
-1.22
-50.62%
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180.20
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Vikas EcoTech Limited Corporate Events
Vikas EcoTech says ED order on promoter will not impact operations
Jun 23, 2026
Vikas EcoTech Limited disclosed that one of its promoters has received a Provisional Attachment Order from the Enforcement Directorate, linked to proceedings involving certain foreign entities and SEBI-registered foreign portfolio investors. The c...
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.