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As of 6 Nov 2026, Vikas EcoTech trades at 51.5× trailing earnings, above the industry P/E of 22.1×, and the shares are 44% below their 52-week high. Sales and net profit fell 3.5% and 44% a year over 3 years; its ROCE of 2.4% is the lowest among the 7 largest Specialty Chemicals peers. It carries very little debt. It is a small-cap company with a market cap of ₹143 Cr, ranked 138th of 204 Specialty Chemicals companies by market cap; the shares fell 45% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹1.04
Day high
₹1.07
Day low
₹1.03
Prev. close
₹1.04
Volume
33.8 L

Health check

6 to check
  • ReturnsBehind

    −45.0% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 51.5 vs industry 22.1.

  • GrowthShrinking

    Sales −3.5%, profit −44.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 2.4% vs peer median 24.4%.

  • Balance sheetStretched

    Debt 0.07× equity, interest covered 2.2×, Piotroski 3 of 9.

  • Red flags5 to check

    Return on equity is low at 0.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹143 Cr, #138 of 204 in its industry by size.

Defensive

Beta 0.41 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹369 Cr · profit ₹0 Cr
Market cap
₹143 Cr
Small cap
P/E
51.5
Industry 22.1
Price to book
0.22
Peers 13.33
Dividend yield
0.00%
ROE
0.4%
Peers 23.0%
ROCE
2.4%
Peers 24.4%
Debt to equity
0.07
Debt ₹30 Cr
EPS (TTM)
₹0.02
Face value ₹1
OPM (TTM)
1.6%
Net margin 0.1%
Sales growth
+15.1%
Latest quarter vs a year ago
Profit growth
−55.2%
Latest quarter vs a year ago
Price to sales
0.39
EV/EBITDA 25.2

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 15.1% on a year ago.

Risks to check

  • Return on equity is low at 0.4%.
  • Quarterly profit down 55.2% on a year ago.
  • P/E of 51.5 against an industry P/E of 22.1.
  • 44% below its 52-week high.
  • Interest coverage of only 1.8×.

Derived automatically from reported figures. Not a recommendation.

About Vikas EcoTech

Vikas Ecotech Limited engages in the manufacture and sale of specialty additives, and rubber-plastic and polymer compounds in India. It operates through three segments: Infra & Energy, Chemical, Polymers & Special Additives; and Real Estate. The company offers specialty additives, including organotin stabilizers, dimethyl tin dichloride, plasticizers, flame retardants, and chlorinated polyethylene, as well as epoxidized soyabean oil; and thermoplastic…

Headquarters
New Delhi
Sector
Basic Materials
ISIN
INE806A01020
Website
vikasecotech.com

Price range

52 weeks

₹0.96₹1.85

Today

₹1.03₹1.07
Avg volume (3M)
20 L
1-year return
minus 45.0%
From 52-week high
minus 44.3%

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%15.3%0.154.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.1%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
VIKASECOVikas EcoTech1.03minus 0.96%14351.52.52.4%1.6%0.07−3.5%minus 45.0%
Median of 7 peers–0.48%58,49670.944.424.4%24.1%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
10464.768.7116119
98.96266.7117117
4.72.72−1.12.4
4.5%4.1%3.0%−0.9%2.0%
12.12.41.63.1
1.21.11.50.71.1
1.21.411.71.1
3.32.31.9−1.93.3
28.5%22.8%128.6%76.6%38.8%
2.41.8−1.7−0.81.1
0.020.01––0.01

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−3.5%
Profit CAGR 3Y
−44.0%
EPS CAGR 3Y
−41.5%
ROE
0.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
394259378353
–minus 34.3%+46.0%minus 6.5%
372241366345
2217.411.98.3
5.6%6.7%3.2%2.4%
1.71.66.27.1
9.46.24.14.6
43.85.35.3
0.20.412.9–
10.59.421.55.6
9.2%27.3%21.1%43.9%
9.56.8171.7
–minus 28.1%+148.1%minus 90.2%
0.100.060.100.02

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
94.9139139139
143238254256
61.819.328.329.7
42.947.990.187.9
343444512513
39.234.534.933.2
17.90.6––
–28.5–67.9
0.11.31.8152
285379475259
343444512513

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
91.6120−60.5−113
−58.1−20345.796
−40.882.615.416.8
−7.4−0.30.6−0.4
−5−4.7−5.1−3.9
86.6115−65.6−117

Shareholding pattern

Source: NSE filings
10.7%
promoters
  • Promoters10.65%
  • Public89.35%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202610.65%89.35%0.00
30 Jun 202610.65%89.35%0.00
31 Mar 202610.65%89.35%0.00
31 Dec 202510.65%89.35%0.00
30 Sep 202510.65%89.35%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you