Vikas WSP Ltd Stock Analysis

BSE: 519307 | NSE: VIKASWSP | Chemicals | Small Cap

BSE Share Price 23-Sep-2022 18:01
2.33 -0.07 (-2.92%)

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Vikas WSP Price Chart

P/E Ratio (SA) :
0.00
Market Cap :
47.6 Cr.
52-wk low :
2.2
52-wk high :
6.5
Bole Toh?

1. Is Vikas WSP Ltd a good quality company?

Data is not available for this company.

2. Is Vikas WSP Ltd undervalued or overvalued?

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

3. Is Vikas WSP Ltd a good buy now?

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

10 Year X-Ray of Vikas WSP:

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.

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 16%27.2%1.6%-2.2%-25%-4.3%5.1%3.2%1.9%-7.7%-
Value Creation Index 0.10.9-0.9-1.2-2.8-1.3-0.6-0.8-0.9-1.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0642,9061,03778657319469680075822233
YoY Gr. Rt. %-173.3%-64.3%-24.2%-27.1%-66.2%259.7%14.9%-5.3%-70.8%-
Adj EPS 11.425.70.1-4.3-27.2-61.51.31-5.6-7.6
YoY Gr. Rt. %-125%-99.5%-3369.2%NANANA-14.3%-17.5%-638.5%-
BVPS (₹) 77.8101.7103.1103.577.471.254.8555650.748.4
Adj Net Profit 1573541.7-58.4-373-82.928.525.821.4-115-155
Cash Flow from Ops. 1248.6-43.357.937.15.9-67.6-4.524.80.2-
Debt/CF from Ops. 0.919.3-53.24.627.1-2.7-34.45.5564.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -16%-17.3%-31.7%-70.8%
Adj EPS -192.4%NA-256.2%-638.5%
BVPS -4.7-8.1-2.6-9.6
Share Price -27.6% -27.3% -40.8% -52.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 15.728.70.1-4.1-30-8.12.82.41.9-10.5-15.3
Op. Profit Mgn % 28.420.57.6-2.2-32.3-6.915.397.6-19.4-217.3
Net Profit Mgn % 14.812.20.2-7.4-65.2-42.84.13.22.8-51.7-467
Debt to Equity 0.10.10.20.10.20.20.20.10.10.1-
Working Cap Days 1271113784265231,3914354374901,6600
Cash Conv. Cycle 47301031562125621752162729810

Recent Performance Summary

Sales growth is good in last 4 quarters at 1501.56%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Vikas WSP Ltd.

Standalone Consolidated
TTM EPS (₹) -7.6 -
TTM Sales (₹ Cr.) 33.1 -
BVPS (₹.) 48.4 -
Reserves (₹ Cr.) 968 -
P/BV 0.05 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 2.20 / 6.53
All Time Low / High (₹) 1.50 / 153.90
Market Cap (₹ Cr.) 47.6
Equity (₹ Cr.) 20.4
Face Value (₹) 1
Industry PE 37.3

Management X-Ray of Vikas WSP :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *56.9256.9256.9256.9256.9256.9256.9256.9256.9256.92
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vikas WSP

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About Vikas WSP Ltd

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.
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