Vikas Wsp Ltd

Vikas Wsp Ltd

₹ 2.02 -4.72%
14 Nov - close price
About

Incorporated in 1988, Vikas Wsp Limited manufactures and exports Guar Gum
Powder.

Key Points

Product Profile:
Organic Guar Gum:[1][2] Company manufactures Organically Certified Guar Gum by the name of Ecoguar which has various commercially useful properties for food processing and applications. Company is 100% EOU approved for manufacture of Guar Gum Polymer and Derivative for food as well for industrial applications.

  • Market Cap 41.3 Cr.
  • Current Price 2.02
  • High / Low 2.15 / 1.17
  • Stock P/E
  • Book Value 39.8
  • Dividend Yield 0.00 %
  • ROCE -3.13 %
  • ROE -3.22 %
  • Face Value 1.00

Pros

  • Stock is trading at 0.05 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 14.6%
  • Company has a low return on equity of -4.56% over last 3 years.
  • Contingent liabilities of Rs.475 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 56.9% of their holding.

* 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: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
0.47 4.72 17.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.93 17.97 13.96 5.32 0.48 0.33 0.31 0.89 0.24 0.23 0.23 0.88 0.28
Operating Profit -0.46 -13.25 3.94 -5.32 -0.48 -0.33 -0.31 -0.89 -0.24 -0.23 -0.23 -0.88 -0.28
OPM % -97.87% -280.72% 22.01%
0.00 0.00 0.00 -102.56 0.00 0.08 0.10 0.07 0.06 0.06 0.06 0.07 0.05
Interest 3.77 3.77 3.77 25.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 8.59 8.59 8.59 8.38 8.54 8.54 8.54 8.54 8.54 8.54 8.54 8.54 8.54
Profit before tax -12.82 -25.61 -8.42 -142.17 -9.02 -8.79 -8.75 -9.36 -8.72 -8.71 -8.71 -9.35 -8.77
Tax % 0.00% 0.00% 0.00% -17.94% 0.00% 0.00% 0.00% -34.08% 0.00% 0.00% 0.00% -94.87% 0.00%
-12.83 -25.62 -8.42 -116.66 -9.02 -8.79 -8.75 -6.17 -8.72 -8.71 -8.71 -0.47 -8.77
EPS in Rs -0.63 -1.25 -0.41 -5.71 -0.44 -0.43 -0.43 -0.30 -0.43 -0.43 -0.43 -0.02 -0.43
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,906 1,037 786 573 194 696 800 758 222 23 0 0 0
2,323 958 804 758 213 594 728 700 265 37 2 2 2
Operating Profit 584 78 -17 -185 -19 102 72 58 -43 -14 -2 -2 -2
OPM % 20% 8% -2% -32% -10% 15% 9% 8% -19% -59%
6 5 95 20 5 5 30 0 0 -103 0 0 0
Interest 27 33 33 26 46 47 22 4 31 39 0 0 0
Depreciation 45 46 35 35 35 35 35 34 34 34 34 34 34
Profit before tax 517 5 10 -226 -95 26 46 19 -108 -189 -36 -35 -36
Tax % 33% 38% 34% 59% -12% -13% -1% -11% 6% -13% -9% -25%
345 3 7 -360 -84 29 47 21 -115 -164 -33 -27 -27
EPS in Rs 25.07 0.22 0.48 -26.16 -6.11 1.49 2.30 1.04 -5.60 -8.00 -1.60 -1.30 -1.31
Dividend Payout % 4% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 18%
Stock Price CAGR
10 Years: -22%
5 Years: -27%
3 Years: -16%
1 Year: 34%
Return on Equity
10 Years: -6%
5 Years: -4%
3 Years: -5%
Last Year: -3%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 19 20 20 20 20 20 20
Reserves 1,383 1,403 1,409 1,050 965 1,046 1,105 1,125 1,015 852 820 793
166 215 184 169 159 182 155 131 106 307 307 307
582 162 122 309 355 406 390 419 443 345 351 352
Total Liabilities 2,145 1,794 1,728 1,541 1,493 1,653 1,671 1,695 1,585 1,524 1,498 1,473
886 842 815 784 749 715 668 634 600 566 532 497
CWIP 13 17 11 13 11 11 11 12 12 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
1,247 935 902 744 734 928 991 1,049 973 958 966 975
Total Assets 2,145 1,794 1,728 1,541 1,493 1,653 1,671 1,695 1,585 1,524 1,498 1,473

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 -43 58 37 6 -68 -5 25 0 -1 0 0
-33 1 -3 -5 8 1 24 -0 -0 0 0 0
14 18 -56 -32 -14 67 -19 -24 -0 0 0 0
Net Cash Flow -10 -25 -1 0 -0 -0 0 0 -0 -1 0 0

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27 62 96 180 584 236 240 292 947 9,088
Inventory Days 63 107 102 57 179 65 54 40 56 23
Days Payable 45 47 32 60 247 84 48 42 76 517
Cash Conversion Cycle 45 123 166 177 515 217 245 289 927 8,594
Working Capital Days 81 278 286 132 276 141 146 132 293 3,739
ROCE % 40% 2% -3% -14% -5% 6% 4% 2% -6% -4% -3% -3%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56% 14.56%
0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.42% 0.42% 0.42% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12% 0.12%
85.02% 85.03% 85.03% 85.32% 85.30% 85.32% 85.31% 85.31% 85.32% 85.31% 85.31% 85.32%
No. of Shareholders 60,25272,11271,32170,20469,88269,08268,14267,31866,43166,06464,76263,823

* 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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