Vikas EcoTech Ltd - Stock Valuation and Financial Performance

BSE: 530961 | NSE: VIKASECO | Chemicals | Small Cap

Vikas EcoTech Share Price

4.03 -0.05 -1.23%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Vikas EcoTech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Vikas EcoTech stock performance -

mw4me loader
P/E Ratio (SA):
88.29
Market Cap:
559.5 Cr.
52-wk low:
2.6
52-wk high:
5.6

Is Vikas EcoTech Ltd an attractive stock to invest in?

1. Is Vikas EcoTech Ltd a good quality company?

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

2. Is Vikas EcoTech Ltd undervalued or overvalued?

The key valuation ratios of Vikas EcoTech Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Vikas EcoTech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Vikas EcoTech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vikas EcoTech:

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 EcoTech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.1%9.6%24.2%21%12.7%8.7%3.6%-0.8%5%5.5%-
Value Creation
Index
-0.3-0.30.70.5-0.1-0.4-0.7-1.1-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 170211307371233245192116250403255
Sales YoY Gr.-24.4%45.6%20.8%-37.3%5.4%-21.6%-39.6%115.5%60.8%-
Adj EPS 0.100.60.80.60.3-0.1-0.300.10.1
YoY Gr.--50%1425%24.6%-25%-42.1%-121.2%NANA400%-
BVPS (₹) 111.632.83.13.22.92.42.52.7
Adj Net
Profit
3.41.824.934.125.615-2.9-14.91.59.57
Cash Flow from Ops. 2.9-11.6-4.1-22.9-7.3925.812.4-17.996.6-
Debt/CF from Ops. 14.9-5.9-22.6-5.2-19.417.55.612.2-5.20.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.1%11.6%28%60.8%
Adj EPS 2.5%-29.4%NA400%
BVPS11%-2.4%-7.5%4.2%
Share Price -5.2% -12.6% 47.7% 47.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
8.84.345.434.219.611.1-2.1-110.84.11.9
Op. Profit
Mgn %
6.47.91618.222.212.17.53.99.25.57.2
Net Profit
Mgn %
20.98.19.2116.1-1.5-12.80.62.42.7
Debt to
Equity
1.11.61.40.91.11.111.20.40.3-
Working Cap
Days
177178178211409456608926430253158
Cash Conv.
Cycle
9196105129256288393499244156106

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.90%

Sales growth is growing at healthy rate in last 3 years 27.96%

Debt to equity has declined versus last 3 years average to 0.26

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -36.50%

Latest Financials - Vikas EcoTech Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 0
TTM Sales (₹ Cr.) 255 227
BVPS (₹.) 2.7 0
Reserves (₹ Cr.) 236 42
P/BV 1.49 0.00
PE 88.29 144.99
From the Market
52 Week Low / High (₹) 2.60 / 5.63
All Time Low / High (₹) 0.17 / 30.13
Market Cap (₹ Cr.) 560
Equity (₹ Cr.) 138.8
Face Value (₹) 1
Industry PE 49.3

Management X-Ray of Vikas EcoTech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.040.010.010.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vikas EcoTech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales170211307371233245192116250403
Operating Expenses 159194258304181216181112228381
Manufacturing Costs6981011011
Material Costs143176237287165199164105217364
Employee Cost 4435443223
Other Costs 7610101112134713
Operating Profit 1017496852301242322
Operating Profit Margin (%) 6.0%7.9%16.0%18.2%22.2%12.0%6.1%3.6%9.1%5.4%
Other Income 24524147523
Interest 6111113111419181911
Depreciation 2334455444
Exceptional Items 000-16008000
Profit Before Tax 46393641253-13210
Tax 12141315102111
Profit After Tax 34262327151-14110
PAT Margin (%) 1.8%1.8%8.3%6.3%11.5%6.1%0.5%-12.4%0.6%2.4%
Adjusted EPS (₹)0.10.10.60.50.60.30.0-0.30.00.1
Dividend Payout Ratio (%)17%34%5%6%5%9%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 404266133128142143129227238
Share Capital 10252528282828289495
Reserves 301741105100114115101133143
Minority Interest0000000000
Debt4166911151391551441459162
Long Term Debt271085254530
Short Term Debt3959811071331301401398762
Trade Payables24314543306026371527
Others Liabilities 1872517203332151115
Total Liabilities 123147228308317391345325344342

Fixed Assets

Gross Block28324243445954484851
Accumulated Depreciation7111415172024262830
Net Fixed Assets21212827274030222021
CWIP 0000000000
Investments 50005020055
Inventories24283857791071101028235
Trade Receivables547514115213916510881130141
Cash Equivalents 0742791499114
Others Assets1817174658658511110085
Total Assets 123147228308317391345325344342

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3-12-4-23-792612-1897
PBT 46393642253-13210
Adjustment 9121433-161721212113
Changes in Working Capital -9-29-54-77-21-2245-4074
Tax Paid -1-1-3-14-12-11-2-1-1-1
Cash Flow From Investing Activity -24-10-9-22-12600-58
Capex -5-3-10-9-7-131-1-1-4
Net Investments 2500-55000-55
Others 1200-10-44121
Cash Flow From Financing Activity -1131253111-32-1220-41
Net Proceeds from Shares 000440000971
Net Proceeds from Borrowing -16202620021-2-3
Interest Paid -6-11-11-13-11-14-19-18-19-11
Dividend Paid 0-1-1-1-1-10000
Others 7192224-3-3-12-15-56-28
Net Cash Flow 06-221-18-3002-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)7.819.247.0723.2920.4611.10.71-10.570.784.1
ROCE (%)12.9717.4737.3923.7319.9813.637.591.797.056.81
Asset Turnover Ratio1.581.641.731.450.760.690.520.350.751.17
PAT to CFO Conversion(x)1-3-0.15-1-0.260.626N/A-189.7
Working Capital Days
Receivable Days93106122138225226259297154123
Inventory Days5343374410513820633313453
Payable Days595759558082961094421

Vikas EcoTech Ltd Stock News

Vikas EcoTech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vikas EcoTech on 12-Apr-2024 16:59 is ₹4.03.
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 12-Apr-2024 16:59 the market cap of Vikas EcoTech stood at ₹559.5.
The latest P/E ratio of Vikas EcoTech as of 12-Apr-2024 16:59 is 88.29.
The latest P/B ratio of Vikas EcoTech as of 12-Apr-2024 16:59 is 1.49.
The 52-week high of Vikas EcoTech is ₹5.63 and the 52-week low is ₹2.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vikas EcoTech is ₹255.2 ( Cr.) .

About Vikas EcoTech Ltd

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