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Vikas Ecotech Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1.55Undervalued by 37.17%vs CMP ₹1.13

P/E (62.3) × ROE (1.4%) × BV (₹2.22) × DY (2.00%)

₹1.19Fairly Valued by 5.31%vs CMP ₹1.13
MoS: +5% (Thin)Confidence: 53/100 (Moderate)Models: 3 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.5522%Under (+37.2%)
Graham NumberEarnings₹0.7116%Over (-37.2%)
Earnings PowerEarnings₹0.3411%Over (-69.9%)
DCFCash Flow₹0.0413%Over (-96.5%)
Net Asset ValueAssets₹2.227%Under (+96.5%)
EV/EBITDAEnterprise₹0.659%Over (-42.5%)
Earnings YieldEarnings₹0.107%Over (-91.2%)
ROCE CapitalReturns₹4.759%Under (+320.4%)
Revenue MultipleRevenue₹0.805%Over (-29.2%)
Consensus (9 models)₹1.19100%Fairly Valued
Key Drivers: ROE 1.4% is below cost of equity. | Wide model spread (₹0–₹5) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.0%

*Investments are subject to market risks

Analyst Summary

Vikas Ecotech Ltd operates in the Rubber Processing/Rubber Products segment, NSE: VIKASECO | BSE: 530961, current market price is ₹1.13, market cap is 200 Cr.. At a glance, stock P/E is 62.3, ROE is 1.37 %, ROCE is 2.75 %, book value is 2.22, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹1.19, which is about 5.3% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹284 Cr versus the prior period change of 15.0%, while latest net profit is about ₹14 Cr with a prior-period change of 100.0%. The 52-week range shown on this page is 2.78/0.95, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVikas 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 L65999DL1…

This summary is generated from the stock page data available for Vikas Ecotech Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

38
Vikas Ecotech Ltd scores 38/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 2.8% WeakROE 1.4% WeakD/E 1.43 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 10.7% Stable
Earnings Quality40/100 · Moderate
OPM stable around 6% SteadyWorking capital: 157 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -4% YoY FlatProfit (4Q): -78% YoY Declining
Industry Rank15/100 · Weak
P/E 62.3 vs industry 30.7 Premium to peersROCE 2.8% vs industry 8.2% Below peersROE 1.4% vs industry 9.1% Below peers3Y sales CAGR: 4% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:55 am

Market Cap 200 Cr.
Current Price 1.13
Intrinsic Value₹1.19
High / Low 2.78/0.95
Stock P/E62.3
Book Value 2.22
Dividend Yield0.00 %
ROCE2.75 %
ROE1.37 %
Face Value 1.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Vikas Ecotech Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vikas Ecotech Ltd 200 Cr. 1.13 2.78/0.9562.3 2.220.00 %2.75 %1.37 % 1.00
Elgi Rubber Company Ltd 194 Cr. 38.8 90.5/32.7 33.30.00 %0.47 %12.2 % 1.00
Dolfin Rubbers Ltd 171 Cr. 170 224/16131.3 35.70.00 %17.1 %16.5 % 10.0
Indag Rubber Ltd 246 Cr. 93.6 153/84.628.6 87.82.56 %2.93 %2.86 % 2.00
Modi Rubber Ltd 287 Cr. 115 168/87.218.3 2760.00 %3.28 %2.89 % 10.0
Industry Average528.25 Cr317.7330.71111.340.58%8.24%9.09%6.22

All Competitor Stocks of Vikas Ecotech Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 111.3268.3357.7060.7468.4659.7079.9767.3460.9777.5483.6145.9250.06
Expenses 105.6963.3153.6355.2564.7356.6778.1663.1459.6975.0280.3744.4749.80
Operating Profit 5.635.024.075.493.733.031.814.201.282.523.241.450.26
OPM % 5.06%7.35%7.05%9.04%5.45%5.08%2.26%6.24%2.10%3.25%3.88%3.16%0.52%
Other Income 0.821.311.20-0.250.301.8713.680.791.392.060.951.772.33
Interest 2.642.622.321.991.450.820.890.850.820.960.890.940.96
Depreciation 0.961.340.870.900.931.050.970.950.991.130.961.081.11
Profit before tax 2.852.372.082.351.653.0313.633.190.862.492.341.200.52
Tax % 3.86%24.47%25.48%25.11%24.85%31.68%26.12%24.14%120.93%20.48%27.78%35.00%338.46%
Net Profit 2.741.791.551.771.232.0610.072.42-0.191.981.700.77-1.24
EPS in Rs 0.030.020.010.010.010.010.060.01-0.000.010.010.00-0.01

Last Updated: March 3, 2026, 1:52 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 170211307371233245192116250397247284257
Expenses 159194258303181216180112227375230274250
Operating Profit 101749685230124232217107
OPM % 6%8%16%18%22%12%6%4%9%6%7%4%3%
Other Income 235-14414155233187
Interest 6111113111419181911744
Depreciation 2334455444444
Profit before tax 46393741253-132109207
Tax % 18%39%35%34%35%40%65%10%34%9%27%29%
Net Profit 34262427151-141107143
EPS in Rs 0.040.040.290.250.280.160.01-0.150.010.100.050.080.01
Dividend Payout % 15%34%5%6%5%9%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)33.33%550.00%-7.69%12.50%-44.44%-93.33%-1500.00%107.14%900.00%-30.00%100.00%
Change in YoY Net Profit Growth (%)0.00%516.67%-557.69%20.19%-56.94%-48.89%-1406.67%1607.14%792.86%-930.00%130.00%

Vikas Ecotech Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:3%
5 Years:8%
3 Years:5%
TTM:8%
Compounded Profit Growth
10 Years:8%
5 Years:25%
3 Years:59%
TTM:-61%
Stock Price CAGR
10 Years:-12%
5 Years:-15%
3 Years:-17%
1 Year:-45%
Return on Equity
10 Years:6%
5 Years:1%
3 Years:2%
Last Year:1%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10252528282828289495139139139
Reserves 311841105100114115101134143237252254
Borrowings 4368941181411581451519162192025
Other Liabilities 39366859489257462643357648
Total Liabilities 123147228310318391346326344343430486466
Fixed Assets 21212827274031302829292930
CWIP 0000000000000
Investments 50005000055258181181
Other Assets 96126200283286352314295316259143275255
Total Assets 123147228310318391346326344343430486466

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3-12-4-23-792612-1892119-43
Cash from Investing Activity + -24-10-9-22-126-00-58-20347
Cash from Financing Activity + -1131253111-32-1220-4182-3
Net Cash Flow 06-221-18-3-002-7-10
Free Cash Flow -2-15-15-32-15-42711-1987115-47
CFO/OP 35%-61%-3%-12%10%69%222%299%-74%421%713%-401%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-33.00-51.00-45.00-50.00-89.00-128.00-133.00-147.00-68.00-40.00-2.00-10.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 116129167149218245205255190130102119
Inventory Days 60585872173195246353138356241
Days Payable 60656954651105712826274570
Cash Conversion Cycle 11612215616732733039448030213811989
Working Capital Days 3440518112214016719022211188157
ROCE %13%16%37%32%20%14%5%2%7%7%5%3%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 9.32%7.85%6.87%6.87%13.57%10.66%10.66%10.65%10.65%10.65%10.65%10.65%
FIIs 0.03%15.18%9.42%0.01%0.01%0.00%0.00%0.02%0.02%0.05%0.05%0.00%
Public 90.64%76.98%83.70%93.12%86.42%89.34%89.33%89.32%89.33%89.29%89.29%89.34%
No. of Shareholders 2,65,4122,75,7693,44,4793,83,1025,01,0255,35,6025,54,5115,79,8745,96,1245,92,9475,92,9475,75,495

Shareholding Pattern Chart

No. of Shareholders

Vikas Ecotech Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 15Mar 14Mar 13
FaceValue 1.001.001.001.0010.00
Basic EPS (Rs.) 0.100.060.150.363.63
Diluted EPS (Rs.) 0.100.060.150.363.63
Cash EPS (Rs.) 0.160.070.000.575.77
Book Value[Excl.RevalReserv]/Share (Rs.) 2.832.710.004.1537.27
Book Value[Incl.RevalReserv]/Share (Rs.) 2.832.710.004.1537.27
Revenue From Operations / Share (Rs.) 2.721.860.0024.58249.55
PBDIT / Share (Rs.) 0.130.140.001.5912.40
PBIT / Share (Rs.) 0.090.110.001.3710.46
PBT / Share (Rs.) 0.150.060.000.474.09
Net Profit / Share (Rs.) 0.120.040.000.363.82
NP After MI And SOA / Share (Rs.) 0.120.040.000.353.63
PBDIT Margin (%) 4.797.648.866.444.97
PBIT Margin (%) 3.396.187.325.584.19
PBT Margin (%) 5.703.642.401.911.63
Net Profit Margin (%) 4.492.641.681.481.53
NP After MI And SOA Margin (%) 4.492.641.681.441.45
Return on Networth / Equity (%) 4.311.810.008.609.74
Return on Capital Employeed (%) 3.244.220.0027.5524.14
Return On Assets (%) 3.311.540.002.342.71
Long Term Debt / Equity (X) 0.000.000.000.190.15
Total Debt / Equity (X) 0.070.050.001.591.43
Asset Turnover Ratio (%) 0.790.000.001.321.57
Current Ratio (X) 2.242.090.001.261.25
Quick Ratio (X) 1.901.400.001.000.92
Inventory Turnover Ratio (X) 9.030.000.003.173.06
Dividend Payout Ratio (NP) (%) 0.000.000.0014.060.00
Dividend Payout Ratio (CP) (%) 0.000.000.008.790.00
Earning Retention Ratio (%) 0.000.000.0085.940.00
Cash Earning Retention Ratio (%) 0.000.000.0091.210.00
Interest Coverage Ratio (X) 4.373.001.491.761.95
Interest Coverage Ratio (Post Tax) (X) 1.992.041.341.411.60
Enterprise Value (Cr.) 332.49524.810.00339.12147.56
EV / Net Operating Revenue (X) 0.882.030.001.360.58
EV / EBITDA (X) 18.3426.530.0021.0411.77
MarketCap / Net Operating Revenue (X) 0.811.970.001.090.37
Retention Ratios (%) 0.000.000.0085.930.00
Price / BV (X) 0.781.350.006.492.50
Price / Net Operating Revenue (X) 0.811.970.001.090.37
EarningsYield 0.050.010.000.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

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. 285.82 Cr. and Equity Capital is Rs. 138.84 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber ProductsSecond Floor, Vikas House, 3, Arihant Nagar, Rohtak Road, New Delhi Delhi 110026Contact not found
Management
NamePosition Held
Dr. Ravi Kumar GuptaChairman & Ind.Director
Mr. Balwant Kumar BhushanWholeTime Director & CEO
Dr. Dinesh BhardwajWhole Time Director
Mr. Rajeev KumarExecutive Director
Ms. Kratika GodikaIndependent Director
CA. Vijay Kumar GoelIndependent Director

FAQ

What is the intrinsic value of Vikas Ecotech Ltd and is it undervalued?

As of 25 April 2026, Vikas Ecotech Ltd's intrinsic value is ₹1.19, which is 5.31% higher than the current market price of ₹1.13, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (1.37 %), book value (₹2.22), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vikas Ecotech Ltd?

Vikas Ecotech Ltd is trading at ₹1.13 as of 25 April 2026, with a FY2026-2027 high of ₹2.78 and low of ₹0.95. The stock is currently near its 52-week low. Market cap stands at ₹200 Cr..

How does Vikas Ecotech Ltd's P/E ratio compare to its industry?

Vikas Ecotech Ltd has a P/E ratio of 62.3, which is above the industry average of 30.71. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Vikas Ecotech Ltd financially healthy?

Key indicators for Vikas Ecotech Ltd: ROCE of 2.75 % is on the lower side compared to the industry average of 8.24%; ROE of 1.37 % is below ideal levels (industry average: 9.09%). Dividend yield is 0.00 %.

Is Vikas Ecotech Ltd profitable and how is the profit trend?

Vikas Ecotech Ltd reported a net profit of ₹14 Cr in Mar 2025 on revenue of ₹284 Cr. Compared to ₹1 Cr in Mar 2022, the net profit shows an improving trend.

Does Vikas Ecotech Ltd pay dividends?

Vikas Ecotech Ltd has a dividend yield of 0.00 % at the current price of ₹1.13. The company is currently not paying meaningful dividends.

Last Updated: April 2, 2026, 3:55 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530961 | NSE: VIKASECO
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
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