Vikas Ecotech Ltd

NSE: VIKASECO BSE: 530961

₹1.02

-0.02 (1.92%)

Sun, 15 Nov 2026, 04:32 am

MTF 5xInvest in Vikas Ecotech Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)180.41

PE Ratio510

Dividend0

Process Industries

Chemicals: Major Diversified

24.5K

Vikas Ecotech Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-8.66M	-16.73M	-33.15M	-46.22M	-64.38M	-91.92M	-107.11M	-113.35M	-130.02M	-107.92M	-139.50M	-194.13M	-181.62M	-190.86M	-106.41M	-68.57M	-42.70M
Pretax equity in earnings	0	—	0	—	—	—	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	-13.53M	-19.33M	-12.17M	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	264.91M	437.46M	852.06M	981.13M	1.35B	1.54B	1.47B	2.28B	3.10B	3.18B	3.91B	3.45B	3.26B	3.44B	3.43B	4.44B	5.12B
Total current assets	226.38M	350.70M	707.79M	767.72M	1.14B	1.30B	1.26B	1.99B	2.78B	2.70B	3.33B	2.95B	2.76B	2.77B	2.29B	1.34B	2.63B
Cash and short term investments	3.70M	2.78M	2.98M	9.89M	5.35M	62.75M	67.42M	43.99M	267.45M	88.28M	143.53M	93.32M	89.70M	110.37M	40.05M	42.47M	48.86M
Cash & equivalents	3.67M	2.78M	2.98M	9.89M	5.35M	62.75M	67.42M	43.99M	267.45M	32.73M	6.75M	3.09M	3.20M	27.98M	2.08M	13.74M	18.96M
Short term investments	31.40K	—	—	0	0	0	0	0	0	55.55M	136.78M	90.23M	86.50M	82.39M	37.98M	28.73M	29.90M
Total receivables, net	105.10M	194.73M	410.92M	422.71M	792.88M	817.48M	802.01M	1.46B	1.58B	1.43B	1.69B	1.09B	882.13M	1.33B	1.42B	770.32M	1.19B
Accounts receivable - trade, net	99.52M	186.49M	308.08M	401.59M	687.64M	794.49M	747.55M	1.41B	1.52B	1.39B	1.65B	1.08B	863.80M	1.30B	1.41B	767.36M	1.11B
Other receivables	5.58M	8.24M	102.84M	21.11M	105.25M	22.99M	54.46M	57.22M	68.05M	36.73M	45.41M	12.30M	18.33M	23.02M	12.37M	2.96M	78.52M
Total inventory	95.71M	107.85M	293.89M	278.04M	332.38M	334.14M	381.23M	462.90M	918.35M	1.13B	1.39B	1.71B	1.77B	1.32B	784.12M	479.25M	657.05M
Other current assets, total	20.21M	42.09M	0	56.38M	6.24M	77.30M	1.56M	9.15M	5.59M	45.60M	89.23M	41.78M	19.19M	12.73M	42.39M	49.18M	725.86M
Total non-current assets	38.52M	86.75M	144.27M	213.41M	207.90M	242.05M	213.99M	282.91M	323.07M	477.71M	587.19M	506.15M	495.33M	669.70M	1.14B	3.09B	2.49B
Long term investments	7.45M	150.00K	550.00K	9.98M	1.24M	5.05M	3.78M	386.18K	3.66M	47.70M	2.16M	20.53M	87.48M	123.53M	711.21M	2.55B	1.93B
Note receivable - long term	—	—	—	9.93M	1.24M	1.33M	0	0	3.66M	5.17M	2.16M	2.15M	4.82M	45.55M	87.06M	197.85M	460.06M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	7.45M	150.00K	550.00K	50.00K	0	3.72M	3.78M	386.18K	0	47.70M	0	18.38M	82.66M	77.98M	624.15M	2.35B	1.47B
Net property/plant/equipment	29.99M	85.94M	140.99M	197.83M	196.12M	228.43M	210.21M	279.03M	297.61M	406.56M	575.12M	475.43M	400.62M	382.49M	387.77M	345.64M	349.92M
Gross property/plant/equipment	36.73M	97.87M	167.78M	239.70M	256.66M	310.05M	319.09M	419.07M	449.79M	576.03M	772.56M	717.28M	—	—	679.48M	—	—
Deferred tax assets	—	—	—	557.26K	476.25K	606.47K	—	1.71M	21.80M	18.33M	9.66M	10.01M	7.05M	5.89M	5.87M	0	4.33M
Net intangible assets	0	0	2.34M	1.75M	1.17M	584.29K	0	0	0	0	—	—	—	—	3.85M	135.05M	135.05M
Goodwill, net	0	0	2.34M	1.75M	1.17M	584.29K	0	0	0	0	0	0	0	0	0	135.05M	135.05M
Other intangibles, net	0	0	0	0	0	0	0	0	0	0	—	—	—	—	3.85M	8.00K	2.00K
Other long term assets, total	0	0	0	3.30M	8.89M	7.37M	0	1.79M	0	5.12M	237.01K	173.63K	173.63K	157.79M	26.78M	63.07M	68.27M
Short term debt	80.35M	164.60M	299.53M	320.84M	481.14M	589.05M	601.24M	838.86M	1.10B	1.36B	1.33B	1.42B	1.46B	898.96M	617.81M	190.63M	277.17M
Current portion of LT debt and capital leases	0	0	9.69M	13.94M	16.01M	20.79M	14.26M	24.14M	26.51M	1.36B	22.34M	10.47M	67.59M	24.20M	0	0	1.81M
Short term debt excl. current portion of LT debt	80.35M	164.60M	289.85M	306.90M	465.12M	568.25M	586.99M	814.72M	1.07B	0	1.30B	1.41B	1.39B	874.76M	617.81M	190.63M	275.36M
Accounts payable	46.94M	76.87M	210.38M	158.36M	335.00M	346.93M	314.37M	448.94M	425.27M	295.55M	603.09M	256.44M	367.67M	153.27M	270.27M	365.10M	624.35M
Income tax payable	2.37M	3.38M	1.16M	—	2.86M	10.36M	21.65M	132.44M	118.95M	133.71M	69.44M	6.32M	3.14K	0	—	34.49M	68.30M
Long term debt	384.61K	23.72M	40.58M	57.46M	58.15M	80.31M	74.82M	97.08M	80.26M	54.07M	249.09M	44.36M	53.60M	30.50M	0	2.31M	5.46M
Long term debt excl. lease liabilities	384.61K	23.72M	40.58M	57.46M	58.15M	80.31M	74.82M	97.08M	80.26M	54.07M	249.09M	44.36M	53.60M	30.50M	0	2.31M	5.46M
Total equity	112.21M	138.18M	261.73M	345.80M	376.61M	421.62M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Shareholders' equity	112.21M	138.18M	261.73M	345.80M	376.61M	420.23M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Common equity, total	112.21M	138.18M	261.73M	345.80M	376.61M	420.23M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Other common equity	13.67M	39.64M	91.19M	175.26M	206.07M	244.92M	158.59M	165.96M	147.24M	146.66M	148.53M	149.31M	149.33M	161.18M	150.84M	150.41M	151.33M
Total debt	80.73M	188.32M	340.11M	378.30M	539.29M	669.36M	676.06M	935.94M	1.18B	1.41B	1.58B	1.47B	1.51B	929.47M	617.81M	192.94M	282.63M
Net debt	77.03M	—	—	368.41M	533.94M	606.61M	608.64M	891.96M	912.82M	1.33B	1.43B	1.37B	1.42B	819.10M	577.75M	150.47M	233.77M
Change in accounts receivable	26.93M	-121.59M	-2.25M	-93.51M	-296.42M	-106.86M	-209.09M	-658.81M	-109.59M	124.49M	-257.42M	568.67M	216.42M	-492.62M	-114.89M	761.08M	-343.31M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	-64.27M	-63.12M	-10.30M	-3.00K	0	—	—
Change in accounts payable	-7.66M	38.99M	1.16M	-52.02M	176.64M	11.93M	76.35M	134.57M	-23.68M	-129.72M	307.54M	-346.65M	111.23M	-214.40M	116.99M	-1.34M	292.30M
Change in other assets/liabilities	0	0	0	100.88M	-1.35M	-83.21M	-171.21M	78.20M	-341.03M	15.21M	158.06M	-125.81M	-355.09M	104.75M	220.40M	301.35M	-782.05M
Sale of fixed assets & businesses	3.10M	720.47K	8.57K	1.80M	1.75M	0	5.00K	465.30K	2.21M	42.12M	42.96M	14.23M	0	3.78M	6.94M	188.00K	0
Purchase/sale of investments, net	-3.58M	7.30M	-477.86K	500.00K	50.00K	-344.06K	72.04M	0	0	-47.70M	47.70M	0	-3.72M	1.19M	-550.00M	-1.84B	765.35M
Sale/maturity of investments	—	7.38M	0	500.00K	50.00K	0	72.04M	0	0	0	47.70M	0	5.82M	1.19M	0	183.00M	765.35M
Purchase of investments	-3.58M	-79.50K	-477.86K	0	0	-344.06K	0	0	0	-47.70M	0	0	-9.54M	0	-550.00M	-2.03B	0
Other investing cash flow items, total	1.27K	0	201.18K	-9.90M	-1.96M	-1.06M	217.87K	-108.03K	0	-1.46M	513.89K	31.82M	4.50M	9.25M	9.25M	-145.22M	-299.96M
Issuance/retirement of debt, net	13.57M	107.59M	1.09M	34.17M	160.98M	130.07M	246.96M	250.00M	241.95M	235.05M	163.94M	-123.33M	61.56M	-583.84M	-311.66M	-424.87M	84.83M
Issuance/retirement of long term debt	13.57M	107.59M	1.09M	9.73M	904.82K	22.16M	56.63M	22.26M	0	0	195.02M	-4.62M	210.87M	-23.10M	-30.50M	0	0
Issuance/retirement of short term debt	0	0	0	24.44M	160.08M	107.91M	190.33M	227.74M	184.52M	0	-31.08M	-118.71M	-149.31M	-560.74M	-281.16M	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	241.95M	235.05M	163.94M	—	—	—	—	-424.87M	84.83M
Total cash dividends paid	0	-4.58M	-117.82K	-5.87M	-5.05M	-5.73M	-5.95M	-15.14M	-15.30M	-16.92M	-16.92M	0	0	0	0	0	0
Other financing cash flow items, total	0	0	-245.85K	0	-819.56K	2	292.44K	-793.06K	0	0	0	0	0	0	-10.75M	0	0

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-8.66M	-16.73M	-33.15M	-46.22M	-64.38M	-91.92M	-107.11M	-113.35M	-130.02M	-107.92M	-139.50M	-194.13M	-181.62M	-190.86M	-106.41M	-68.57M	-42.70M
Pretax equity in earnings	0	—	0	—	—	—	0	0	0	0	0	0	0	0	0	0	0
Equity in earnings	0	-13.53M	-19.33M	-12.17M	0	0	0	0	0	0	0	0	0	0	0	0	0
Total assets	264.91M	437.46M	852.06M	981.13M	1.35B	1.54B	1.47B	2.28B	3.10B	3.18B	3.91B	3.45B	3.26B	3.44B	3.43B	4.44B	5.12B
Total current assets	226.38M	350.70M	707.79M	767.72M	1.14B	1.30B	1.26B	1.99B	2.78B	2.70B	3.33B	2.95B	2.76B	2.77B	2.29B	1.34B	2.63B
Cash and short term investments	3.70M	2.78M	2.98M	9.89M	5.35M	62.75M	67.42M	43.99M	267.45M	88.28M	143.53M	93.32M	89.70M	110.37M	40.05M	42.47M	48.86M
Cash & equivalents	3.67M	2.78M	2.98M	9.89M	5.35M	62.75M	67.42M	43.99M	267.45M	32.73M	6.75M	3.09M	3.20M	27.98M	2.08M	13.74M	18.96M
Short term investments	31.40K	—	—	0	0	0	0	0	0	55.55M	136.78M	90.23M	86.50M	82.39M	37.98M	28.73M	29.90M
Total receivables, net	105.10M	194.73M	410.92M	422.71M	792.88M	817.48M	802.01M	1.46B	1.58B	1.43B	1.69B	1.09B	882.13M	1.33B	1.42B	770.32M	1.19B
Accounts receivable - trade, net	99.52M	186.49M	308.08M	401.59M	687.64M	794.49M	747.55M	1.41B	1.52B	1.39B	1.65B	1.08B	863.80M	1.30B	1.41B	767.36M	1.11B
Other receivables	5.58M	8.24M	102.84M	21.11M	105.25M	22.99M	54.46M	57.22M	68.05M	36.73M	45.41M	12.30M	18.33M	23.02M	12.37M	2.96M	78.52M
Total inventory	95.71M	107.85M	293.89M	278.04M	332.38M	334.14M	381.23M	462.90M	918.35M	1.13B	1.39B	1.71B	1.77B	1.32B	784.12M	479.25M	657.05M
Other current assets, total	20.21M	42.09M	0	56.38M	6.24M	77.30M	1.56M	9.15M	5.59M	45.60M	89.23M	41.78M	19.19M	12.73M	42.39M	49.18M	725.86M
Total non-current assets	38.52M	86.75M	144.27M	213.41M	207.90M	242.05M	213.99M	282.91M	323.07M	477.71M	587.19M	506.15M	495.33M	669.70M	1.14B	3.09B	2.49B
Long term investments	7.45M	150.00K	550.00K	9.98M	1.24M	5.05M	3.78M	386.18K	3.66M	47.70M	2.16M	20.53M	87.48M	123.53M	711.21M	2.55B	1.93B
Note receivable - long term	—	—	—	9.93M	1.24M	1.33M	0	0	3.66M	5.17M	2.16M	2.15M	4.82M	45.55M	87.06M	197.85M	460.06M
Investments in unconsolidated subsidiaries	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other investments	7.45M	150.00K	550.00K	50.00K	0	3.72M	3.78M	386.18K	0	47.70M	0	18.38M	82.66M	77.98M	624.15M	2.35B	1.47B
Net property/plant/equipment	29.99M	85.94M	140.99M	197.83M	196.12M	228.43M	210.21M	279.03M	297.61M	406.56M	575.12M	475.43M	400.62M	382.49M	387.77M	345.64M	349.92M
Gross property/plant/equipment	36.73M	97.87M	167.78M	239.70M	256.66M	310.05M	319.09M	419.07M	449.79M	576.03M	772.56M	717.28M	—	—	679.48M	—	—
Deferred tax assets	—	—	—	557.26K	476.25K	606.47K	—	1.71M	21.80M	18.33M	9.66M	10.01M	7.05M	5.89M	5.87M	0	4.33M
Net intangible assets	0	0	2.34M	1.75M	1.17M	584.29K	0	0	0	0	—	—	—	—	3.85M	135.05M	135.05M
Goodwill, net	0	0	2.34M	1.75M	1.17M	584.29K	0	0	0	0	0	0	0	0	0	135.05M	135.05M
Other intangibles, net	0	0	0	0	0	0	0	0	0	0	—	—	—	—	3.85M	8.00K	2.00K
Other long term assets, total	0	0	0	3.30M	8.89M	7.37M	0	1.79M	0	5.12M	237.01K	173.63K	173.63K	157.79M	26.78M	63.07M	68.27M
Short term debt	80.35M	164.60M	299.53M	320.84M	481.14M	589.05M	601.24M	838.86M	1.10B	1.36B	1.33B	1.42B	1.46B	898.96M	617.81M	190.63M	277.17M
Current portion of LT debt and capital leases	0	0	9.69M	13.94M	16.01M	20.79M	14.26M	24.14M	26.51M	1.36B	22.34M	10.47M	67.59M	24.20M	0	0	1.81M
Short term debt excl. current portion of LT debt	80.35M	164.60M	289.85M	306.90M	465.12M	568.25M	586.99M	814.72M	1.07B	0	1.30B	1.41B	1.39B	874.76M	617.81M	190.63M	275.36M
Accounts payable	46.94M	76.87M	210.38M	158.36M	335.00M	346.93M	314.37M	448.94M	425.27M	295.55M	603.09M	256.44M	367.67M	153.27M	270.27M	365.10M	624.35M
Income tax payable	2.37M	3.38M	1.16M	—	2.86M	10.36M	21.65M	132.44M	118.95M	133.71M	69.44M	6.32M	3.14K	0	—	34.49M	68.30M
Long term debt	384.61K	23.72M	40.58M	57.46M	58.15M	80.31M	74.82M	97.08M	80.26M	54.07M	249.09M	44.36M	53.60M	30.50M	0	2.31M	5.46M
Long term debt excl. lease liabilities	384.61K	23.72M	40.58M	57.46M	58.15M	80.31M	74.82M	97.08M	80.26M	54.07M	249.09M	44.36M	53.60M	30.50M	0	2.31M	5.46M
Total equity	112.21M	138.18M	261.73M	345.80M	376.61M	421.62M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Shareholders' equity	112.21M	138.18M	261.73M	345.80M	376.61M	420.23M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Common equity, total	112.21M	138.18M	261.73M	345.80M	376.61M	420.23M	432.90M	662.44M	1.33B	1.28B	1.42B	1.43B	1.29B	2.28B	2.38B	3.76B	3.93B
Other common equity	13.67M	39.64M	91.19M	175.26M	206.07M	244.92M	158.59M	165.96M	147.24M	146.66M	148.53M	149.31M	149.33M	161.18M	150.84M	150.41M	151.33M
Total debt	80.73M	188.32M	340.11M	378.30M	539.29M	669.36M	676.06M	935.94M	1.18B	1.41B	1.58B	1.47B	1.51B	929.47M	617.81M	192.94M	282.63M
Net debt	77.03M	—	—	368.41M	533.94M	606.61M	608.64M	891.96M	912.82M	1.33B	1.43B	1.37B	1.42B	819.10M	577.75M	150.47M	233.77M
Change in accounts receivable	26.93M	-121.59M	-2.25M	-93.51M	-296.42M	-106.86M	-209.09M	-658.81M	-109.59M	124.49M	-257.42M	568.67M	216.42M	-492.62M	-114.89M	761.08M	-343.31M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	-64.27M	-63.12M	-10.30M	-3.00K	0	—	—
Change in accounts payable	-7.66M	38.99M	1.16M	-52.02M	176.64M	11.93M	76.35M	134.57M	-23.68M	-129.72M	307.54M	-346.65M	111.23M	-214.40M	116.99M	-1.34M	292.30M
Change in other assets/liabilities	0	0	0	100.88M	-1.35M	-83.21M	-171.21M	78.20M	-341.03M	15.21M	158.06M	-125.81M	-355.09M	104.75M	220.40M	301.35M	-782.05M
Sale of fixed assets & businesses	3.10M	720.47K	8.57K	1.80M	1.75M	0	5.00K	465.30K	2.21M	42.12M	42.96M	14.23M	0	3.78M	6.94M	188.00K	0
Purchase/sale of investments, net	-3.58M	7.30M	-477.86K	500.00K	50.00K	-344.06K	72.04M	0	0	-47.70M	47.70M	0	-3.72M	1.19M	-550.00M	-1.84B	765.35M
Sale/maturity of investments	—	7.38M	0	500.00K	50.00K	0	72.04M	0	0	0	47.70M	0	5.82M	1.19M	0	183.00M	765.35M
Purchase of investments	-3.58M	-79.50K	-477.86K	0	0	-344.06K	0	0	0	-47.70M	0	0	-9.54M	0	-550.00M	-2.03B	0
Other investing cash flow items, total	1.27K	0	201.18K	-9.90M	-1.96M	-1.06M	217.87K	-108.03K	0	-1.46M	513.89K	31.82M	4.50M	9.25M	9.25M	-145.22M	-299.96M
Issuance/retirement of debt, net	13.57M	107.59M	1.09M	34.17M	160.98M	130.07M	246.96M	250.00M	241.95M	235.05M	163.94M	-123.33M	61.56M	-583.84M	-311.66M	-424.87M	84.83M
Issuance/retirement of long term debt	13.57M	107.59M	1.09M	9.73M	904.82K	22.16M	56.63M	22.26M	0	0	195.02M	-4.62M	210.87M	-23.10M	-30.50M	0	0
Issuance/retirement of short term debt	0	0	0	24.44M	160.08M	107.91M	190.33M	227.74M	184.52M	0	-31.08M	-118.71M	-149.31M	-560.74M	-281.16M	0	0
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	241.95M	235.05M	163.94M	—	—	—	—	-424.87M	84.83M
Total cash dividends paid	0	-4.58M	-117.82K	-5.87M	-5.05M	-5.73M	-5.95M	-15.14M	-15.30M	-16.92M	-16.92M	0	0	0	0	0	0
Other financing cash flow items, total	0	0	-245.85K	0	-819.56K	2	292.44K	-793.06K	0	0	0	0	0	0	-10.75M	0	0