Vikas Proppant & Granite Ltd

Vikas Proppant & Granite Ltd

₹ 0.55 3.77%
06 Nov - close price
About

Incorporated in 1994, Vikas Proppant & Granite Ltd, is an agro-based industry manufacturer of Guar Gum Powder and guar splits & their derivatives. Besides food, the Co. also offers guar gum for technical applications such as pet food, oil drilling, textile printing, mining paper, etc. It has diversified its business into the mining of Granite Blocks and manufacturing of Proppants.[1][2]

Key Points

Products
Guar Gum Powder
Oil fracturing proppants by making use of cuttings (waste materials) of granite stones. It manufactures Proppants out of wastes/scraps of the granite projected to be mined from the mines at Kaparda District Jodhpur. [1]

  • Market Cap 28.3 Cr.
  • Current Price 0.55
  • High / Low 0.78 / 0.43
  • Stock P/E
  • Book Value 3.64
  • Dividend Yield 0.00 %
  • ROCE 0.09 %
  • ROE 0.12 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.15 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.21% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 2,652 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
15.39 16.06 0.13 0.15 4.26 2.43 12.65 9.40 0.00 1.55 0.00 0.00 0.00
0.19 0.68 0.06 0.05 1.64 0.18 8.26 9.39 0.07 17.27 0.26 0.03 0.06
Operating Profit 15.20 15.38 0.07 0.10 2.62 2.25 4.39 0.01 -0.07 -15.72 -0.26 -0.03 -0.06
OPM % 98.77% 95.77% 53.85% 66.67% 61.50% 92.59% 34.70% 0.11% -1,014.19%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 15.20 15.38 0.07 0.10 2.62 2.25 4.39 0.01 -0.07 -15.72 -0.26 -0.03 -0.06
Tax % 21.58% 26.40% -1,828.57% 470.00% 37.79% 40.89% 27.79% 2,900.00% 0.00% -9.54% 0.00% 0.00% 0.00%
11.93 11.33 1.35 -0.38 1.63 1.33 3.17 -0.27 -0.07 -14.21 -0.26 -0.03 -0.06
EPS in Rs 0.24 0.22 0.03 -0.01 0.03 0.03 0.06 -0.01 -0.00 -0.28 -0.01 -0.00 -0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
116 133 115 219 140 293 116 3 0 53 7 24 2
75 92 98 188 127 278 112 4 0 1 2 23 18
Operating Profit 41 40 17 30 14 15 4 -1 -0 52 5 0 -16
OPM % 36% 30% 15% 14% 10% 5% 3% -38% 98% 72% 1% -1,037%
0 -0 0 0 2 0 0 0 0 0 0 -12 0
Interest 1 2 2 2 1 0 0 0 0 0 0 0 0
Depreciation 7 7 9 14 14 14 12 12 5 0 0 0 0
Profit before tax 33 31 6 15 1 1 -8 -13 -6 52 5 -11 -16
Tax % 34% 34% 20% 39% 22% 38% 18% 9% -81% 14% 22% 0%
22 21 5 9 1 0 -9 -14 -1 44 4 -11 -15
EPS in Rs 1.20 1.13 0.28 0.50 0.04 0.02 -0.50 -0.76 -0.06 0.87 0.08 -0.22 -0.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 129% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -27%
3 Years: %
TTM: -94%
Compounded Profit Growth
10 Years: -36%
5 Years: 15%
3 Years: 31%
TTM: -450%
Stock Price CAGR
10 Years: -8%
5 Years: -33%
3 Years: -35%
1 Year: 0%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 9%
Last Year: 0%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 18 18 18 18 18 18 18 18 18 51 51 51 51
Reserves 42 62 68 77 77 78 69 55 54 147 148 136 136
120 124 145 128 106 106 106 106 107 64 57 49 49
3 4 44 35 71 69 140 145 136 148 149 153 153
Total Liabilities 183 209 274 258 272 270 333 324 314 410 404 389 389
91 85 161 148 134 121 109 86 80 164 164 160 160
CWIP 65 85 15 45 50 47 48 48 48 48 48 28 28
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
27 39 97 64 88 102 176 191 186 198 193 201 201
Total Assets 183 209 274 258 272 270 333 324 314 410 404 389 389

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
14 20 28 15 28 3 -1 2 -7 44 10 -16
-22 -21 -16 -30 -5 -3 0 0 5 -83 0 24
9 2 19 -20 -23 -0 1 -0 0 39 -10 -8
Net Cash Flow 1 1 32 -34 -0 0 0 2 -2 0 -0 0

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 40 48 87 47 168 99 518 19,379 1,214 8,924 2,652
Inventory Days 65 79 135 68 61 19 12 0
Days Payable 1 2 153 49 184 79 424
Cash Conversion Cycle 103 126 68 66 45 39 105 19,379 1,214 8,924 2,652
Working Capital Days 78 99 78 64 68 46 132 5,936 321 2,094 687
ROCE % 21% 17% 4% 8% 1% 0% -4% -7% -3% 23% 2% 0%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
22.43% 22.43% 22.43% 22.43% 22.43% 22.43% 22.06% 22.06% 22.06% 22.06% 22.06% 22.06%
0.00% 0.00% 0.11% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
77.57% 77.57% 77.46% 77.56% 77.57% 77.57% 77.94% 77.94% 77.94% 77.94% 77.94% 77.94%
No. of Shareholders 12,92913,82113,26415,10933,53340,25545,40049,91655,35354,85770,80394,295

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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