SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vikas Ecotech pays Rs 6 crore in Debt Reduction Program Phase-II

16 Mar 2022 Evaluate

Vikas Ecotech has paid back Rs 6 crore, taking the total amount of bank-debt reduced in the Phase-II to Rs 36 crore and the overall bank-debt reduction to Rs 58 crore till date. The company had initiated the Second Phase of the Debt Reduction Program, on persistence and support extended by the promoters of the company.

After completion of both these phases, and intended additional bank-debt repayment, bank-debt shall get reduced by around 55% from the peak exposure, paving the way towards becoming a ‘ZERO Debt Company’ in 2023.

Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.

Vikas EcoTech Share Price

1.44 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3703.10
Tata Chemicals 709.05
SRF 2493.65
Pidilite Inds. 1393.25
Deepak Nitrite 1538.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×