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Vikas WSP Ltd. Stock Analysis

Small Cap
Evaluated by 754 users | BSE: 519307 | NSE: VIKASWSP |
Chemicals
The company Vikas WSP Limited was established in 1998. It is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products. Besides food, the company also offers guar gum for technical applications such as...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.76%15.96%27.18%1.56%-2.17%-25.01%-4.3%5.12%3.24%1.9%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 5461,0642,9061,037786573194696800758
Y-o-Y Gr. Rt.-94.8%173.3%-64.3%-24.2%-27.1%-66.2%259.7%14.9%-5.3%
Adjusted EPS (Rs.) 8.7811.4425.740.13-4.25-27.17-6.031.471.261.04
Y-o-Y Gr. Rt.-30.3%125%-99.5%-3369.2%NANANA-14.3%-17.5%
Book Value per Share (Rs.) 67.6777.76101.66103.05103.5277.3771.2454.7855.0456.01
Adjusted Net Profit 1211573541.7-58.4-373-82.928.525.821.4
Net Op. Cash Flow (Rs. Cr.) 1501248.6-43.357.937.15.9-67.6-4.524.8
Debt to Cash Flow from Ops 0.630.8819.3-4.983.184.5527.05-2.69-34.425.48
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Vikas WSP Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.7%-0.7%57.6%-5.3%
Adjusted EPS -21.1%NANA-17.5%
Book Value per Share -2.1-11.6-7.71.8
Share Price -10.7% -14.2% -32.7% -57.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 13.8515.7328.690.12-4.12-30.04-8.122.792.361.88
Operating Profit Margin (%) 34.1328.3620.547.57-2.22-32.29-6.8615.279.037.63
Net Profit Margin (%) 22.114.7812.170.17-7.43-65.18-42.824.093.232.82
Debt to Equity 0.10.10.120.150.130.160.160.170.140.12
Working Capital Days 1171271113784265231,391435437490
Cash Conversion Cycle 384730103156212562175216272
Entity Percentage Holding
Promoters 14.56%
Institutions 0.42%
Non-Institutions 85.02%
Pledged *46.3946.3946.3946.3955.5255.5256.9256.9256.9256.92
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Vikas WSP Ltd.'s performance infers:

Vikas WSP Ltd. earnings have grown by 0%, whereas share price has depreciated -14.2% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vikas WSP Ltd. share prices over the last 10 years. Here is what we found out:

Vikas WSP Ltd. share price has depreciated -16.7% annually over the past ten years.

The company Vikas WSP Limited was established in 1998. It is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products. Besides food, the company also offers guar gum for technical applications such as pet food, oil drilling, textile printing, mining paper, etc. Annual production capacity of all grades of guar gum powder is 39900 MT. The company is committed to provide better products in a timely and

The company Vikas WSP Limited was established in 1998. It is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products. Besides food, the company also offers guar gum for technical applications such as pet food, oil drilling, textile printing, mining paper, etc. Annual production capacity of all grades of guar gum powder is 39900 MT. The company is committed to provide better products in a timely and efficient manner.

Guar gum powder (seed gum) is predominantly guar glactomannan obtained from the endosperm of guar seed the legume cyamopsis tetragonolobus -- an annual plant of the arid and semi-arid regions of the Indian subcontinent.

Vikas WSP is the world’s leading and India’s largest manufacturer and exporter of guar gum powder (GGP). The company started to meet out growing global demand of GGP by establishing two 100% export oriented units at Sriganganagar (Rajasthan). The company has encouraged guar cultivation locally, which was hitherto considered a neglected crop.

By developing guar gum tailoring techniques for food and industrials applications, Vikas WSP Ltd, has achieved international recognition. The company supplies guar products to food manufacturers in almost all the continents. With commitment to manufacture excellent food grade GGP, the company has established well-equipped laboratory including microbiological testing facility. The company has also implemented international QC systems such as ISO– 9001: 2000 Quality Management System, HACCP based Food Safety System September 2002 and follow guidelines for Good Manufacturing Practices (GMP), Vikas WSP Ltd. has the privilege to be the world’s dominating food grade GGP producer who has implemented HACCP – Food Safety System. Company has also awarded Three Star Export House by NOIDA Export Processing Zone, Ministry of Commerce & Industry.

Besides food applications, Vikas WSP also manufactures guar gum products for highly specified applications such as oil and natural gas exploration, explosives and mining. The company has achieved the status of most preferred supplier, among the international buyers and is categorized as an excellent vendor by the customers while conducting QC audits/ inspections. The company is committed to maintain and enhance the faith of its present and prospective customers.

Product Variety:

The company is engaged in production of Food Grade Guar Gum Powder

All the units producing food grade guar gum comply with requirement, applicable as per WHO good manufacturing practice guidelines. Utmost attention is given to factory landscaping , overall landscaping, overall cleanliness, plant hygiene and sanitation. before putting into use for production, batchwise potability of water is ensured as per WHO standards. 

Guar Gum produced by the company are used in :

  • Bakery
  • Noodles
  • Ice Cream
  • Diet Foods
  • Meat and Fish products
  • Sausage Coatings
  • Pet Foods and many more

Certification:

  • WHO GMP Certificate
  • HACCP Certificate
  • Kosher Certificate
  • ISO 90012000 certified
  • International Quality - The units of the company have been accredited for the following quality standards by DNV Certification.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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