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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 530961 | NSE: VIKASECO

Fundamental Analysis of Vikas Ecotech Ltd

About the Company - Vikas Ecotech Ltd

Vikas Ecotech Ltd. is a Public Limited Listed company incorporated on 30/11/1984 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65999DL1984PLC019465 and registration number is 019465. Currently company belongs to the Industry of Rubber Processing/Rubber Products. Company’s Total Operating Revenue is Rs. 250.42 Cr. and Equity Capital is Rs. 93.93 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber ProductsVikas Apartment, 34/1, East Punjabi Bagh, New Delhi Delhi 110026cs@vikasecotech.com
http://www.vikasecotech.com
Management
NamePosition Held
Dr. Vikas GargManaging Director
Mr. Balwant Kumar BhushanDirector & CEO
Mr. Rajeev KumarExecutive Director
Dr. Gyan Prakash GovilIndependent Director
Ms. Kratika GodikaIndependent Director
Dr. Ravi Kumar GuptaIndependent Director

Vikas Ecotech Ltd. Share Price Update

Share PriceValue
Today₹4.73
Previous Day₹4.64

Basic Stock Data of Vikas Ecotech Ltd

Market Cap 638 Cr.
Current Price 4.71
High / Low5.65/2.35
Stock P/E101
Book Value 2.51
Dividend Yield0.00 %
ROCE6.76 %
ROE4.02 %
Face Value 1.00

Data Source: screener.in

Competitors of Vikas Ecotech Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Vikas Ecotech Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales28.4036.7418.1073.9775.2683.0988.69134.33111.3268.3357.7060.7468.46
Expenses27.0540.9817.0068.1866.5375.6784.07127.67105.6963.3153.6355.2564.73
Operating Profit1.35-4.241.105.798.737.424.626.665.635.024.075.493.73
OPM %4.75%-11.54%6.08%7.83%11.60%8.93%5.21%4.96%5.06%7.35%7.05%9.04%5.45%
Other Income3.990.820.361.260.43-0.310.440.600.821.311.20-0.250.30
Interest4.325.594.485.284.454.872.662.722.642.622.321.991.45
Depreciation0.961.080.900.900.890.910.810.860.961.340.870.900.93
Profit before tax0.06-10.09-3.920.873.821.331.593.682.852.372.082.351.65
Tax %66.67%-8.33%-0.26%25.29%10.21%7.52%8.18%3.53%3.86%24.47%25.48%25.11%24.85%
Net Profit0.02-10.92-3.930.653.431.231.463.542.741.791.551.771.23
EPS in Rs0.00-0.11-0.040.010.040.010.020.040.030.020.010.010.01

Vikas Ecotech Ltd Quarterly Chart

Vikas Ecotech Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales110157170211307371233245192116250397255
Expenses103149159194258303181216180112227375237
Operating Profit78101749685230124232218
OPM %7%5%6%8%16%18%22%12%6%4%9%6%7%
Other Income72235-14414155233
Interest4561111131114191819118
Depreciation2223344554444
Profit before tax9446393741253-132108
Tax %1%3%18%39%35%34%35%40%65%-10%34%9%
Net Profit9334262427151-141106
EPS in Rs0.100.040.040.040.290.250.280.160.01-0.150.010.100.05
Dividend Payout %6%15%15%34%5%6%5%9%0%0%0%0%

Vikas Ecotech Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-66.67%0.00%33.33%550.00%-7.69%12.50%-44.44%-93.33%-1500.00%107.14%900.00%
Change in YoY Net Profit Growth (%)0.00%66.67%33.33%516.67%-557.69%20.19%-56.94%-48.89%-1406.67%1607.14%792.86%

Vikas Ecotech Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:11%
3 Years:27%
TTM:-39%
Compounded Profit Growth
10 Years:13%
5 Years:-19%
3 Years:54%
TTM:-29%
Stock Price CAGR
10 Years:-1%
5 Years:-7%
3 Years:42%
1 Year:68%
Return on Equity
10 Years:8%
5 Years:1%
3 Years:-1%
Last Year:4%

Vikas Ecotech Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital101010252528282828289495129
Reserves2427311841105100114115101134143211
Borrowings253743689411814115814515191638
Other Liabilities21283936685948925746264240
Total Liabilities81102123147228310318391346326344343388
Fixed Assets18182121282727403130282928
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments78500-05-0-00-055126
Other Assets567796126200283286352314295316259234
Total Assets81102123147228310318391346326344343388

Vikas Ecotech Ltd Reserves and Borrowings Chart

Vikas Ecotech Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 9-53-12-4-23-792612-1897
Cash from Investing Activity -5-1-24-10-9-22-126-00-58
Cash from Financing Activity -46-1131253111-32-1220-41
Net Cash Flow0006-221-18-3-002-3

Vikas Ecotech Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days8785116129167149218245205255190130
Inventory Days73736058587217319524635313835
Days Payable54606065695465110571282627
Cash Conversion Cycle10697116122156167327330394480302138
Working Capital Days109108119141148186331334432627350168
ROCE %12%11%13%16%37%32%20%14%5%2%7%7%

Vikas Ecotech Ltd Financial Efficiency Indicators Chart

Vikas Ecotech Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters9.42%9.42%15.60%15.60%9.47%9.29%9.29%9.29%9.32%7.85%6.87%6.87%
FIIs8.68%0.30%3.32%0.08%1.11%1.08%1.08%1.08%0.03%15.18%9.42%0.01%
DIIs2.30%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public79.60%90.28%81.09%84.33%89.42%89.63%89.64%89.63%90.64%76.98%83.70%93.12%
No. of Shareholders58,49768,99485,5611,31,3962,44,8762,68,3992,57,5762,66,5382,65,4122,75,7693,44,4793,83,102

Vikas Ecotech Ltd Shareholding Pattern Chart

No. of Vikas Ecotech Ltd Shareholders

This stock is not held by any mutual fund

Vikas Ecotech Ltd ROCE Trend

Vikas Ecotech Ltd EPS Trend

Vikas Ecotech Ltd Key Financial Ratios

MonthMar 15Mar 14Mar 13Mar 12Mar 11
FaceValue1.001.0010.0010.0010.00
Basic EPS (Rs.)0.150.363.638.908.06
Diluted EPS (Rs.)0.150.363.638.908.06
Cash EPS (Rs.)0.000.575.7712.049.41
Book Value[Excl.RevalReserv]/Share (Rs.)0.004.1537.2734.2225.90
Book Value[Incl.RevalReserv]/Share (Rs.)0.004.1537.2734.2225.90
Revenue From Operations / Share (Rs.)0.0024.58249.55163.05118.52
PBDIT / Share (Rs.)0.001.5912.4017.6213.09
PBIT / Share (Rs.)0.001.3710.4615.6911.89
PBT / Share (Rs.)0.000.474.0910.318.42
Net Profit / Share (Rs.)0.000.363.8210.118.21
NP After MI And SOA / Share (Rs.)0.000.353.638.906.28
PBDIT Margin (%)8.866.444.9710.8011.04
PBIT Margin (%)7.325.584.199.6210.03
PBT Margin (%)2.401.911.636.327.10
Net Profit Margin (%)1.681.481.536.196.92
NP After MI And SOA Margin (%)1.681.441.455.455.29
Return on Networth / Equity (%)0.008.609.7426.0024.24
Return on Capital Employeed (%)0.0027.5524.1439.1038.57
Return On Assets (%)0.002.342.719.177.44
Long Term Debt / Equity (X)0.000.190.150.160.18
Total Debt / Equity (X)0.001.591.431.091.26
Asset Turnover Ratio (%)0.001.321.571.331.81
Current Ratio (X)0.001.261.251.331.23
Quick Ratio (X)0.001.000.920.950.84
Inventory Turnover Ratio (X)0.003.173.061.831.77
Dividend Payout Ratio (NP) (%)0.0014.060.005.6115.92
Dividend Payout Ratio (CP) (%)0.008.790.004.6113.36
Earning Retention Ratio (%)0.0085.940.0094.3984.08
Cash Earning Retention Ratio (%)0.0091.210.0095.3986.64
Interest Coverage Ratio (X)1.491.761.953.293.78
Interest Coverage Ratio (Post Tax) (X)1.341.411.602.903.37
Enterprise Value (Cr.)0.00339.12147.5663.50129.16
EV / Net Operating Revenue (X)0.001.360.580.381.08
EV / EBITDA (X)0.0021.0411.773.579.76
MarketCap / Net Operating Revenue (X)0.001.090.370.390.80
Retention Ratios (%)0.0085.930.0094.3884.07
Price / BV (X)0.006.492.501.903.68
Price / Net Operating Revenue (X)0.001.090.370.390.80
EarningsYield0.000.010.030.130.06

Vikas Ecotech Ltd Profitability Ratios (%)

Vikas Ecotech Ltd Liquidity Ratios

Vikas Ecotech Ltd Liquidity Ratios (%)

Vikas Ecotech Ltd Interest Coverage Ratios (X)

Vikas Ecotech Ltd Valuation Ratios

Fair Value / Intrinsic Value of Vikas Ecotech Ltd

Fair Value: ₹10.39

The stock is undervalued by 120.70% compared to the current price ₹4.71

*Investments are subject to market risks

Strength and Weakness of Vikas Ecotech Ltd

StrengthWeakness
  1. The company has higher reserves (89.54 cr) compared to borrowings (87.85 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (231.85 cr) and profit (13.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 7.88 and average Dividend Yield of 7.35%.
  2. The stock has a low average ROCE of 14.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 254.42, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 227.92, which may not be favorable.

Should I Buy Vikas Ecotech Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Vikas Ecotech Ltd:
    1. Net Profit Margin: 1.68%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.00% (Industry Average ROCE: 0%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 1.34
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.00
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 101 (Industry average Stock P/E: 0)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vikas Ecotech Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE