Vikas EcoTech partly paid (Delisted) share price

BSE: 890162Chemicals & Petrochemicals

Vikas EcoTech Limited · Face value ₹1 · Listed Jan 2022

Last traded ₹3.25 on 2 Feb 2022

Delisted. The company's shares trade as Vikas EcoTech (VIKASECO).

Share price history

Daily closes since Jan 2022, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the quarter to Sep 2022

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹134 Cr+51.5% on the quarter before
Operating profit
₹6.65 Cr+44.2% on the quarter before
Net profit
₹3.54 Cr+142.1% on the quarter before
Earnings per share
₹0.05
Operating margin
5.0%
Net margin
2.6%

From revenue to net profit, ₹ crore

  1. Revenue134
  2. Materials and goods−122
  3. Employee costs−0.6
  4. Other expenses−5.5
  5. Operating profit6.7
  6. Depreciation−0.9
  7. Other income+0.6
  8. Finance costs−2.7
  9. Profit before tax3.7
  10. Tax−0.1
  11. Net profit3.5

Vikas EcoTech partly paid results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2022. Results for the quarter to Dec 2022 were due by 14 Feb 2023, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
753.4Dec 21831.2Mar 22891.5Jun 221343.5Sep 22
Peak revenue ₹134 Cr, quarter to Sep 2022; lowest ₹75 Cr, quarter to Dec 2021

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
11.6%1.5%11.6%8.9%5.2%5.0%4.6%1.5%1.6%2.6%Dec 21Mar 22Jun 22Sep 22
₹ croreDec 2021Mar 2022Jun 2022worked outSep 2022
Revenue from operations758389134
677684128
Materials and goods bought647282122
Employee costs1111
Other expenses2326
Operating profit before depreciation9757
Operating margin11.6%8.9%5.2%5.0%
Depreciation and amortisation1111
Other income0001
Finance costs4533
One-off items–000
Profit before tax4124
0000
Tax rate10.3%7.6%8.4%3.6%
Net profit3114
Other comprehensive income–000
Total comprehensive income–113
Net margin4.6%1.5%1.6%2.6%
Earnings per share₹0.04₹0.02–₹0.05
Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone, ₹ crore, quarters to Sep 2022.

  • Manufacturing Division- Chemical, Polymers & Special Additives

    Revenue, ₹ crore
    Profit, ₹ crore
  • Trading Division Infra

    Revenue, ₹ crore
    Profit, ₹ crore
  • Real Estate division

    Revenue, ₹ crore
    Profit, ₹ crore
  • Manufacturing Division- MS Sockets & Fittings

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2022Jun 2022Sep 2022
Revenue of all businesses83–134
Company revenue, as in its results83–134
Revenue44–94
Profit11–12
Margin24.0%–13.3%
Assets0–0
Liabilities0–0
Capital employed0–0
Revenue39–40
0–0
Revenue0–0
0––
Profit is before tax and finance costs, the way companies report their segments.

1 year at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
2501.491Mar 22

Operating and net margin, per cent

  • Operating margin
  • Net margin
9.2%0.6%9.2%0.6%Mar 22

Results for the year to Mar 2022

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue250
  2. Materials and goods−217
  3. Employee costs−2.3
  4. Other expenses−7.7
  5. Operating profit23
  6. Depreciation−3.6
  7. Other income+1.7
  8. One-off items0.0
  9. Finance costs−19
  10. Profit before tax2.1
  11. Tax−0.7
  12. Net profit1.4

What the company owns

  • Receivables₹130 Cr
  • Plant, investments and other assets₹121 Cr
  • Inventory₹82 Cr
  • Cash and bank₹11 Cr

What pays for it: net worth and liabilities

  • Net worth₹228 Cr
  • Borrowings₹91 Cr
  • Owed to suppliers₹15 Cr
  • Other liabilities₹11 Cr

Vikas EcoTech partly paid business segments, year to Mar 2022

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them.

Revenue by segment

₹250 CrTotal
  • Manufacturing Division- Chemical, Polymers & Special Additives₹139 Cr55.6% of total
  • Trading Division-Infra₹110 Cr44.0% of total
  • Real Estate Division₹1 Cr0.3% of total
  • Manufacturing Division - MS Sockets & Fittings₹0 Cr0.1% of total

Profit by segment

  • Manufacturing Division- Chemical, Polymers & Special Additives₹31.9 Cr96.3% of total
  • Trading Division-Infra₹0.9 Cr2.7% of total
  • Real Estate Division₹0.3 Cr0.8% of total
  • Manufacturing Division - MS Sockets & Fittings₹0.1 Cr0.2% of total

Segment results by year

Standalone, ₹ crore, years to March.

  • Manufacturing Division- Chemical, Polymers & Special Additives

    Revenue, ₹ crore
    Profit, ₹ crore
  • Trading Division-Infra

    Revenue, ₹ crore
    Profit, ₹ crore
  • Real Estate Division

    Revenue, ₹ crore
    Profit, ₹ crore
  • Manufacturing Division - MS Sockets & Fittings

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2022
Revenue of all businesses250
Company revenue, as in its results250
Revenue139
Profit32
Margin22.9%
Assets0
Liabilities0
Capital employed0
Revenue110
Revenue1
Revenue0
0
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2022, the latest four quarters added.

₹ croreMar 2022Sep 2022Twelve months
Revenue from operations250381
227354
Materials and goods bought217340
Employee costs22
Other expenses812
Operating profit before depreciation2327
Operating margin9.2%7.2%
Materials, % of revenue86.8%89.1%
Employee costs, % of revenue0.9%0.6%
Other expenses, % of revenue3.1%3.1%
Depreciation and amortisation43
Operating profit after depreciation1924
Other income21
Finance costs1915
One-off items0–
Profit before tax210
11
Net profit110
Other comprehensive income0–
Total comprehensive income2–
Net margin0.6%2.5%

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2022, after the latest full year: the balance sheet at its end.

₹ croreMar 2022Sep 2022Half year
228233
Share capital9495
Reserves134139
9165
113114
41
Total assets344348
6759
277289
Net debt7961
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2022, after the latest full year: the cash flow over its six months.

₹ croreMar 2022Sep 2022Half year
−17.229.4
−16.529.7
−40.418.1
Receivables−49.3−41.8
Inventories19.422.2
Payables−21.419.0
Other working capital10.918.7
Tax paid−0.7−0.3
Capital spending1.73.1
Free cash flow−18.926.3
0.3−2.3
20.0−29.7
Dividends paid0.00.0
Shares bought back0.00.0
Shares issued97.51.2
Net change in cash3.1−2.6
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2022
Earnings per share₹0.02
Diluted earnings per share₹0.02

Ratios

Standalone, years to March.

RatioMar 2022
Return on equity0.6%
Return on capital employed6.1%
Cash conversion−1,237.0%
Interest cover1.0
Debt to equity0.40
Receivable days190
Inventory days138
Payable days26
Cash conversion cycle, days302
Working capital days351
Asset turnover0.73
Assets per rupee of net worth1.51
Sales per rupee of plant12.33
Capital spending to depreciation0.48

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2022.

Return on assets, latest year
0.4%
Cash from operations against operating profit
−74.7%

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2022.

₹ croreLatest year
Cash from operations−17.2
Cash from investing0.3
Cash from financing20.0
Capital spending1.7
Dividends paid0.0
Shares bought back0.0
Shares issued for cash97.5
Borrowings raised0.0
Borrowings repaid58.4

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2022
Effective tax ratePublished threshold 17.16 per cent33.52
Tax charged less tax paid, % of profitOur threshold 10 percentage points0.00
A threshold marked as ours has no published figure; it is the line we read the check against.

Vikas EcoTech partly paid share price by year

Each calendar year to 2022.

YearClose at year endChangeHighest closeLowest close
20223.25–3.732.67
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2022 close is its last trade, on 2 Feb 2022.

Recent sessions

The 10 trading days to 2 Feb 2022, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
2 Feb 20223.053.293.003.253.2346,57,692
1 Feb 20223.163.203.143.143.1513,48,648
31 Jan 20223.633.643.303.303.4020,17,315
28 Jan 20223.663.793.463.473.6424,18,930
27 Jan 20223.703.883.573.643.7833,58,524
25 Jan 20223.693.763.463.733.6950,34,999
24 Jan 20223.653.743.423.593.5251,81,624
21 Jan 20223.603.603.603.603.6048,86,067
20 Jan 20223.433.433.433.433.4317,61,970
19 Jan 20223.273.273.273.273.274,46,581
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
890162
ISIN
IN9806A01010
Industry
Chemicals & Petrochemicals
CIN
L65999DL1984PLC019465
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
34/1, Vikas House, East Punjabi Bagh, New Delhi 110026, Delhi
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments