Vikas Ecotech Ltd
NSE: VIKASECO BSE: 530961
Vikas Ecotech Ltd (VIKASECO) is a Diversified company listed on NSE: VIKASECO | BSE: 530961. With a market cap of ₹235 Cr and ROCE of 2.75%, ROE of 1.37%, it operates in the Indian Diversified sector.
₹1.33
52W: ₹0.95 — ₹2.78
PE 73.3 · Book ₹2.22 · -40% vs bookMarket Cap₹235 Cr
Stock P/E73.3Price to Earnings
ROCE2.75%Return on Capital
ROE1.37%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.60 times its book value
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of 8.14% over past five years.
- −Promoter holding is low: 10.6%
- −Company has a low return on equity of 2.27% over last 3 years.
- −Earnings include an other income of Rs.7.11 Cr.
Shareholding Pattern
Promoters10.65%
FIIs0%
DIIs0%
Public89.34%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 10.66% | 10.66% | 10.65%▼0.0 | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% |
| FIIs | 0% | 0% | 0.02%▲0.0 | 0.02% | 0.05%▲0.0 | 0.05% | 0%▼0.1 | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 89.34% | 89.33%▼0.0 | 89.32%▼0.0 | 89.33%▲0.0 | 89.29%▼0.0 | 89.29% | 89.34%▲0.0 | 89.34% |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60.74 | 68.46 | 59.7 | 79.97 | 67.34 | 60.97 | 77.54 | 83.61 | 45.92 | 50.06 |
| Expenses | 55.25 | 64.73 | 56.67 | 78.16 | 63.14 | 59.69 | 75.02 | 80.37 | 44.47 | 49.8 |
| Operating Profit | 5.49 | 3.73 | 3.03 | 1.81 | 4.2 | 1.28 | 2.52 | 3.24 | 1.45 | 0.26 |
| OPM % | 9.04% | 5.45% | 5.08% | 2.26% | 6.24% | 2.1% | 3.25% | 3.88% | 3.16% | 0.52% |
| Net Profit | 1.77 | 1.23 | 2.06 | 10.07 | 2.42 | -0.19 | 1.98 | 1.7 | 0.77 | -1.24 |
| EPS ₹ | 0.01 | 0.01 | 0.01 | 0.06 | 0.01 | 0 | 0.01 | 0.01 | 0 | -0.01 |
AI Insights
Revenue Trend
TTM revenue at ₹257Cr, down 9.5% YoY. OPM at 3%.
Debt Position
Borrowings at ₹25Cr. Debt-to-equity ratio: 0.10x. Healthy balance sheet.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0% (-15.18pp change). Promoters hold 10.65%.
Margin & Efficiency
ROCE declining from 13% (Mar 2014) to 3% (Mar 2025). Working capital days: 158.
Valuation
PE 73.3x with 2.75% ROCE. Price is -40% above book value of ₹2.22. Dividend yield: 0%.
Recent Announcements
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 Receipt Of Income Tax Demand Order(S) 14 Apr - Income Tax Department raised ₹9.11 crore demand orders on March 27, 2026 for various assessment years.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Regulation 74(5) certificate filed for quarter and year ended March 31, 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 4 Apr - Vikas Ecotech confirms it is not a Large Corporate under SEBI debt circular.
- Closure of Trading Window 27 Mar - Trading window closed April 1, 2026 until 48 hours after results for quarter/year ended March 31, 2026.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 7 Feb - Website taken offline after cyber-attack; company conducting security review and remediation, updates to follow.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse