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Vikas Proppant & Granite Ltd (VIKASPROP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531518 NSE: VIKASPROP Chemicals | Small Cap | Vikas Proppant&Gran. Share Price

₹0.29 0.01 (3.57%)

As on 12-Jun'26 11:57

Vikas Proppant & Granite Ltd (VIKASPROP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531518 NSE: VIKASPROP Chemicals | Small Cap | Vikas Proppant&Gran. Share Price

₹0.29 0.01 (3.57%)

As on 12-Jun'26 11:57

Key Metrics
Valuation Multiples
Market Cap
₹14 Cr.
Current Price
₹0.3
52-Week Low / High
₹0 / 0
TTM EPS
₹-0.3
TTM Sales
₹1.6 Cr.
Book Value per Share
-
P/E Ratio
0.00
Industry PE
49.1
Price to Book (P/B)
0.00
Price to Sales (P/S)
9.31
Lower than its 5-year historical median
EV/EBITDA
-3.92
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-5.90%
Underperforms industry median
Return on Capital Employed (ROCE)
-4.63%
Underperforms industry median
Return on Assets (ROA)
-2.87%
Operating Profit Margin
1%
Net Profit Margin
-48.25%
Gross Profit Margin
-48.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
239.08%
Operating Profit Growth (1 Year)
-
-326.44%
Net Profit Growth (1 Year)
-
-390.56%
Asset Quality
Promoter Holding
22.06%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹136 Cr.
Equity
₹51.5 Cr.
Face Value
₹1
All Time Low / High
₹0.22 / 18.20

Vikas Proppant & Granite stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Vikas Proppant & Granite Ltd a good quality company?
Vikas Proppant & Granite Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vikas Proppant & Granite Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vikas Proppant & Granite Ltd vs industry peers?
Vikas Proppant & Granite Ltd revenue CAGR is -27.30%, compared to the industry median CAGR of 7.53%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Vikas Proppant & Granite Ltd?
Promoters hold 22.06% of the Vikas Proppant & Granite Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vikas Proppant & Granite Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -7.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vikas Proppant & Granite Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3.9%7.7%0.8%0.4%-3.9%-6.8%-3.1%23.4%2%-4.6%-
Value Creation
Index
-0.7-0.5-0.9-1.0-1.3-1.5-1.20.7-0.9-1.3-

Growth Parameters

Sales 1152191402931163.1052.8723.62
Sales YoY Gr.-90.3%-35.8%108.5%-60.3%-97.3%-100%NA-86.8%239.1%-
Adj EPS 0.30.5-00-0.5-0.8-0.10.90.1-0.1-0.3
YoY Gr.-82.1%-105.9%NA-2600%NANANA-90.8%-175%-
BVPS (₹) 4.75.25.35.34.8443.93.93.70
Adj Net
Profit
5.19.2-0.60.4-9-13.8-144.33.9-3.3-14
Cash Flow from Ops. 28.51527.83.5-0.81.7-7.144.210.5-15.8-
Debt/CF from Ops. 5.18.53.830.6-132.561.5-15.11.55.5-3.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -16.1%-27.3%NA239.1%
Adj EPS -184.3%NANA-175%
BVPS-2.8%-5.3%-2.8%-6.9%
Share Price -7.6% -36.6% -16.6% -25.6%

Key Financial Parameters

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on
Equity %
6.210.2-0.70.4-9.9-17.3-1.432.82-1.7-15.3
Op. Profit
Mgn %
15149.853.3-37.5097.772.41-1015.3
Net Profit
Mgn %
4.54.2-0.40.1-7.8-444.3083.956.4-13.8-929.8
Debt to
Equity
1.71.41.11.11.21.51.50.30.30.3-
Working Cap
Days
15810619711843821,38601,32710,2433,0422,848
Cash Conv.
Cycle
8948733613116,0620-46,515-18,995553-60

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Sales114.88218.58140.40292.71116.233.12052.776.9623.60
Operating Expenses + 97.69188.12126.63278112.364.290.481.191.9234.99
Manufacturing Costs5.866.733.032.480.300.190.010.1700.64
Material Costs91.02179.85122.39274.56111.163.5200022.36
Employee Cost 0.410.540.610.520.720.350.180.761.670.11
Other Costs 0.401.010.610.440.180.230.300.250.2511.88
Operating Profit 17.1930.4713.7614.713.87-1.18-0.4851.585.03-11.39
Operating Profit Margin (%) 15.0%13.9%9.8%5.0%3.3%-37.8%-97.7%72.4%-48.3%
Other Income + 0.010.451.980.040.0300.04000
Exceptional Items -0.02000000000
Interest 1.962.360.910.110.010.010000
Depreciation 8.7613.5114.0114.0111.5511.535.08000
Profit Before Tax 6.4515.050.820.63-7.66-12.72-5.5251.585.03-11.39
Tax 1.325.920.180.241.351.12-4.477.331.110
Profit After Tax 5.139.130.640.39-9.01-13.85-1.0544.253.92-11.39
PAT Margin (%) 4.5%4.2%0.5%0.1%-7.8%-444.0%-83.9%56.4%-48.3%
Adjusted EPS (₹)0.30.50.00.0-0.5-0.8-0.10.90.1-0.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%129%0%

Valuation of Vikas Proppant&Gran. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21

Equity and Liabilities

Shareholders Fund + 85.6994.8295.4695.8686.8573.0171.95197.78198.18187.64
Share Capital 18.1218.1218.1218.1218.1218.1218.1250.6250.6251.47
Reserves 67.5776.7077.3577.7468.7354.8953.83147.17147.56136.18
Debt +145.10127.84105.50105.50106.30106.30106.5164.1957.2648.58
Long Term Debt110.50105.50105.50105.50106.3000000
Short Term Debt34.6022.34000106.30106.5164.1957.2648.58
Minority Interest0000000000
Trade Payables38.1924.2361.6159.53129.06122.01130.58130.58130.77134.61
Others Liabilities 5.3110.799.169.3310.7222.855.0816.9918.1018.05
Total Liabilities 274.28257.68271.73270.23332.93324.16314.13409.55404.31388.89

Fixed Assets

Net Fixed Assets +161.49148.42134.41120.51108.9785.5880.26163.73163.73159.64
Gross Block188.15188.59188.60188.71188.7197.1196.87180.34180.34176.25
Accumulated Depreciation26.6740.1854.1968.1979.7411.5316.6116.6116.6116.61
CWIP 15.4344.9849.5547.3247.6047.9347.9347.9547.9528.42
Investments 0000000000
Inventories33.6433.7420.3114.403.5200000
Trade Receivables27.2928.0664.7979.72164.84165.65167.22175.54170.16171.46
Cash Equivalents 34.500.080.050.050.051.910.030.040.030.03
Others Assets 1.932.402.618.227.9523.0918.6922.2822.4329.34
Total Assets 274.28257.68271.73270.23332.93324.16314.13409.55404.31388.89

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Cash Flow From Operating Activity + 28.4615.0427.773.45-0.801.73-7.0844.2410.46-15.80
PBT 6.4515.050.820.63-7.66-12.72-5.5251.585.03-11.39
Adjustment 10.5715.7714.8914.0911.5311.555.12000
Changes in Working Capital 12.86-14.4113.96-11.17-4.662.9-6.63-7.345.42-4.41
Tax Paid -1.42-1.36-1.91-0.10-0.020-0.05000
Cash Flow From Investing Activity + -15.81-29.94-4.55-3.340.010.154.98-83.49-023.62
Capex -15.82-29.98-4.57-3.37-0.010.154.98-83.49-023.62
Net Investments 0-000000000
Others 0.010.040.020.030.02-00000
Cash Flow From Financing Activity + 18.95-19.52-23.24-0.110.79-0.020.2239.26-10.47-7.83
Net Proceeds from Shares 0.5000000081.581.530.85
Net Proceeds from Borrowing 0-5000.80-0.010.22-42.32-6.94-8.68
Interest Paid -1.80-2.30-0.91-0.11-0.01-0.01-0-0-00
Dividend Paid 00000000-5.060
Others 20.25-12.22-22.340000-000
Net Cash Flow 31.60-34.42-0.03-0-01.86-1.880.01-0.010

Financial Ratio

PARTICULARSMar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21
Ratios
ROE (%)6.1710.120.680.41-9.86-17.32-1.4532.811.98-5.9
ROCE (%)3.867.680.820.37-3.88-6.82-3.0823.421.95-4.63
Asset Turnover Ratio0.480.820.531.080.390.0100.150.020.06
PAT to CFO Conversion(x)5.551.6543.398.85N/AN/AN/A12.67N/A
Working Capital Days
Receivable Days71.2046.20120.7090.10384001,185.409,069.802,641.90
Inventory Days83.4056.3070.3021.6028.1000000
Payable Days77.3063.3012880.50309.6000002,165.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vikas Proppant & Granite Ltd FAQs

The current trading price of Vikas Proppant&Gran. on 12-Jun-2026 11:57 is ₹0.29.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of Vikas Proppant&Gran. stood at ₹14.41 Cr

The latest P/E ratio of Vikas Proppant&Gran. as of 11-Jun-2026 is 0.00.

The latest P/B ratio of Vikas Proppant&Gran. as of 11-Jun-2026 is 0.00.

The 52-week high of Vikas Proppant&Gran. is ₹0.40 and the 52-week low is ₹0.27.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vikas Proppant&Gran. is ₹1.55 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vikas Proppant & Granite Ltd is a below average quality company.

The key valuation ratios of Vikas Proppant & Granite Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vikas Proppant & Granite Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Vikas Proppant & Granite Ltd

Vikas Granaries established in 1994 was formerly known as Adarsh Derivatives. The company has established an integrated guar gum powder manufacturing plant with 4050 MT capacity at Chandisar in Gujarat.

The company’s plant is situated in the quality guar-seeds growing area and close to the Kandla port with vision focused on the international market only.

It also has a prime seed-processing plant for captive consumption to ensure uninterrupted supply of quality guar gum split to ensure the consistent quality of end-product ‘ADICOL’ food-grade high viscosity guar gum powder.

The company offer standardized range of ADICOL guar gum powder, which commands a good recognition among its users.

The plant and testing laboratory equipped with modern equipment and technology meets the international standards and has become one of the most reliable sources of supply to international quality buyers.

The company has business presence across the world, which includes USA Europe, Brazil, Japan, China, Australia, South Africa, etc.

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