Vikas Ecotech

Delhi, India Founded: 1984 • Age: 42 yrs Listed
Specialty chemicals for multiple industries are manufactured by Vikas Ecotech.

About Vikas Ecotech

Vikas Ecotech is a publicly listed company based in Delhi (India) founded in 1984. Specialty chemicals for multiple industries are manufactured by Vikas Ecotech. The company has 131 employees. Vikas Ecotech has completed 2 acquisitions, including Shamli Steel and Vikas Organics. Its chief executive, as recorded, is Dinesh Bhardwaj. Its Indian entity Vikas Ecotech Limited reported revenue of β‚Ή360 Cr. Its focus areas include Chemicals and Materials, Diversified Chemicals and Diversified.

Company details

Vikas Ecotech was established in 1984 and is based in Delhi, India. Specialty chemicals are produced for applications across various industries, including manufacturing and processing sectors. Operations involve formulation and supply of tailored chemical solutions, with a focus on industrial requirements. The company is led by CEO Dinesh Bhardwaj, and activities are conducted primarily within the Indian market.

  • Headquarters Delhi, India
  • Employees 131
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Email
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  • Phone
    β€’β€’β€’β€’ β€’β€’β€’β€’
  • Website vikasecotech.com
  • Legal Name Vikas Ecotech Limited
Key Metrics
  • Market Cap
    ₹177 Cr

    VIKASECO · NSE

  • Share Price
    ₹0.98

    -2.00% today

  • Revenue
    ₹353 Cr

    FY 2025-26 · -6.5% YoY

  • EBITDA
    ₹8.35 Cr

    Margin 2.4%

  • Net Profit
    ₹3.15 Cr

    FY 2025-26 · -60.9% YoY

  • P/E (TTM)
    109.2x

    P/B 0.4x

  • Employee Count
    131
  • Investments & Acquisitions

Board of directors of Vikas Ecotech Limited (Vikas Ecotech)

Vikas Ecotech Limited is the primary company behind Vikas Ecotech. The board of Vikas Ecotech Limited currently have 6 directors; the longest-serving is Kratika Jain, appointed in 2021. 35 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Kratika Jain
DIN 08825445
Director04 Jun 20215 yrs 4 moVikas Ecotech Limited
Balwant Kumar Bhushan
DIN 09840934
Whole-time director13 May 20233 yrs 5 moVikas Ecotech Limited
Rajeev Kumar
DIN 10271754
Whole-time director10 Aug 20233 yrs 2 moVikas Ecotech Limited
Ravi Kumar Gupta
DIN 01018072
Director17 Apr 20242 yrs 6 moVikas Ecotech Limited
Dinesh Bhardwaj
DIN 07719674
Additional Director01 Jan 20251 yr 9 moVikas Ecotech Limited
Vijay Kumar Goel
DIN 05014980
Additional Director01 Jan 20251 yr 9 moVikas Ecotech Limited

People of Vikas Ecotech

1 people are tracked at Vikas Ecotech (1 in leadership); the tracked headcount is 131.

NameRoleGroup
CEOLeadership
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  • Team structure
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IPO & Listings of Vikas Ecotech

Vikas Ecotech is a publicly listed company on the NSE with ticker symbol VIKASECO in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date07 Jul 2021
  • Listed onBSE: 530961
  • Listed entityVikas EcoTech Limited
  • Exchange sectorProcess industries
  • ISININE806A01020
  • Share price₹1.02 (+0.99% on the day) · 2026-10-14
  • Market capitalisation₹180 Cr
  • Price to earnings510.0
  • EPS (diluted, trailing year)₹0.00
  • Volume (last session)1,037,217

Financials of Vikas Ecotech

Exchange-reported figures of Vikas Ecotech Limited, the listed company behind Vikas Ecotech (NSE: VIKASECO).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹353 Cr
-6.5% YoY
EBITDA
₹8.35 Cr
-31.9% YoY
Profit After Tax
₹3.15 Cr
-60.9% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2013-14FY 2012-13FY 2011-12
Income statement
Revenue353378259403250252165
Revenue growth-6.5%+46.0%-35.8%--0.9%+53.0%-
EBITDA8.3512.2616.3521.9213.3010.5611.93
EBITDA margin+2.4%+3.3%+6.3%+5.4%+5.3%+4.2%+7.2%
Profit before tax5.6021.529.4110.494.794.1310.37
Net profit3.158.066.589.363.603.675.75
Net profit margin+0.9%+2.1%+2.5%+2.3%+1.4%+1.5%+3.5%
EPS (β‚Ή)0.020.120.050.100.353.558.82
Balance sheet
Total assets-42239630010992.0572.41
Net worth-39337623842.0237.6634.58
Total debt-28.2719.2961.7866.9453.9337.83
Cash & bank-4.894.254.010.500.530.99
Net working capital-17389.0818685.4071.5951.36
Cash flow
Cash from operations-(60.35)12091.56-(8.04)11.79
Cash from investing-45.66(202)(58.12)-(1.49)(8.52)
Cash from financing-15.3382.60(40.79)-9.07(2.58)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11911668.7264.7210410384.7689.23
Revenue growth (YoY)+15.1%+13.2%-18.9%-27.5%+2.5%---
Other income3.051.572.432.101.042.781.491.00
EBITDA2.40(1.05)2.052.684.683.641.384.80
EBITDA margin+2.0%-0.9%+3.0%+4.1%+4.5%+3.5%+1.6%+5.4%
Depreciation1.121.701.041.361.231.891.390.98
Interest1.070.721.551.141.181.281.090.88
Profit before tax3.26(1.90)1.892.283.313.250.393.94
Tax1.27(1.45)2.440.520.95(1.05)0.941.09
Net profit1.99(0.45)(0.55)1.762.364.30(0.55)2.85
EPS (β‚Ή)0.01(0.01)0.000.010.020.030.000.01
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue262286247403250116192
Revenue growth-8.5%+15.9%-38.8%+60.8%+115.5%-39.6%-
EBITDA3.4910.0616.7221.9223.064.4911.67
EBITDA margin+1.3%+3.5%+6.8%+5.4%+9.2%+3.9%+6.1%
Profit before tax1.1920.159.1010.492.10(13.07)2.87
Net profit0.135.256.359.361.36(14.43)(5.58)
Net profit margin+0.1%+1.8%+2.6%+2.3%+0.5%-12.4%-2.9%
EPS (β‚Ή)0.000.100.050.100.01(0.51)0.04
Balance sheet
Total assets-410396300319281288
Net worth-390376238228129143
Total debt-19.6118.9761.7891.18151145
Cash & bank-3.213.054.0111.368.979.33
Net working capital-14581.79186252215238
Cash flow
Cash from operations-(43.32)11991.56(17.85)12.4425.78
Cash from investing-47.04(203)(58.12)0.31(0.42)5.60
Cash from financing-(3.36)82.29(40.79)20.02(12.01)(31.75)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.1182.0550.0645.9283.6177.5460.9767.34
Revenue growth (YoY)+3.0%+5.8%-17.9%-31.8%+4.6%---
Other income3.041.142.331.770.952.061.390.79
Total expenses86.8683.5049.8044.4880.3775.0359.6963.14
EBITDA(0.75)(1.45)0.261.443.242.511.284.20
EBITDA margin-0.9%-1.8%+0.5%+3.1%+3.9%+3.2%+2.1%+6.2%
Depreciation0.901.061.111.080.961.130.990.95
Interest0.801.490.960.940.890.960.820.85
Profit before tax0.59(2.86)0.521.192.342.480.863.19
Tax0.56(1.77)1.760.420.650.511.040.77

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11911668.7264.7210410384.7689.23
Revenue growth (YoY)+15.1%+13.2%-18.9%-27.5%+2.5%---
Other income3.051.572.432.101.042.781.491.00
EBITDA2.40(1.05)2.052.684.683.641.384.80
EBITDA margin+2.0%-0.9%+3.0%+4.1%+4.5%+3.5%+1.6%+5.4%
Depreciation1.121.701.041.361.231.891.390.98
Interest1.070.721.551.141.181.281.090.88
Profit before tax3.26(1.90)1.892.283.313.250.393.94
Tax1.27(1.45)2.440.520.95(1.05)0.941.09
Net profit1.99(0.45)(0.55)1.762.364.30(0.55)2.85
EPS (β‚Ή)0.01(0.01)0.000.010.020.030.000.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2013-14FY 2012-13FY 2011-12
Revenue353378259403250252165
Revenue growth-6.5%+46.0%-35.8%--0.9%+53.0%-
Other income7.1519.053.833.182.852.045.84
Total expenses345365242381237242153
Employee cost0.004.993.352.433.762.922.46
EBITDA8.3512.2616.3521.9213.3010.5611.93
EBITDA margin+2.4%+3.3%+6.3%+5.4%+5.3%+4.2%+7.2%
Depreciation5.325.323.783.962.171.971.95
Interest4.584.476.9910.659.196.505.45
Profit before tax5.6021.529.4110.494.794.1310.37
Tax2.454.552.580.961.080.260.15
Net profit3.158.066.589.363.603.675.75
Net profit margin+0.9%+2.1%+2.5%+2.3%+1.4%+1.5%+3.5%
EPS (β‚Ή)0.020.120.050.100.353.558.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2013-14FY 2012-13FY 2011-12
Equity & liabilities
Share capital-13913994.8610.1710.1010.10
Reserves & surplus-25423814331.8527.5624.48
Shareholders' funds (net worth)-39337623842.0237.6634.58
Minority interest-0.000.000.000.140.390.00
Secured loans-27.7819.2960.6966.9453.9334.53
Unsecured loans-0.490.001.090.000.003.30
Total debt-28.2719.2961.7866.9453.9337.83
Total liabilities-42239630010992.0572.41
Assets
Gross block-99.1356.6030.3731.0625.7824.26
Net block-55.2154.5028.6322.9019.7319.96
Capital work in progress-0.000.300.000.000.000.00
Investments-14022855.000.030.000.01
Inventories-39.6144.0535.3826.2629.8221.89
Sundry debtors-11176.7414179.4568.7640.16
Cash & bank balances-4.894.254.010.500.530.99
Loans & advances-1079.3348.6323.7715.0813.73
Total current assets-26313422913011476.77
Total current liabilities-89.7445.2942.6444.5842.6025.41
Net working capital-17389.0818685.4071.5951.36
Total assets-42239630010992.0572.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2013-14FY 2012-13FY 2011-12
Opening cash-4.254.0111.36-0.990.30
Net cash from operating activities-(60.35)12091.56-(8.04)11.79
Net cash from investing activities-45.66(202)(58.12)-(1.49)(8.52)
Net cash from financing activities-15.3382.60(40.79)-9.07(2.58)
Net change in cash-0.640.24(7.35)-(0.46)0.69
Closing cash-4.894.254.01-0.530.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2013-14FY 2012-13FY 2011-12
Growth
Sales growth-6.5%+46.0%-35.8%--0.9%+53.0%-
EBITDA growth-31.9%-25.0%-25.4%-+26.0%-11.5%-
PBT growth-74.0%+128.7%-10.3%+119.0%+16.0%-60.2%+57.8%
Net income growth-60.9%+22.5%-29.7%--1.9%-36.2%-
Revenue CAGR (3Y)-4.3%+14.7%+0.9%+34.7%+27.8%+59.2%-
EBITDA CAGR (3Y)-27.5%-2.7%+15.7%+22.5%+13.1%+33.8%-
Profitability & leverage
Net income margin+0.9%+4.5%+2.6%+2.4%+1.5%+1.5%+6.2%
Return on capital employed-+3.2%+4.7%+7.1%+13.9%+13.0%+18.9%
Return on net worth-+2.1%+2.2%+4.0%+9.3%+10.7%+22.9%
Debt / equity-0.060.130.261.521.271.18
Long-term debt / equity-0.000.000.000.170.160.19
Interest cover151.1664.4155.6159.3082.5775.6754.61
Efficiency & per share
Fixed asset turnover-4.855.9513.269.0710.397.98
Inventory turnover-9.036.5111.389.1910.057.73
Debtors turnover-4.022.382.863.484.774.64
EPS (β‚Ή)0.020.120.050.100.353.558.82
Dividend per share (β‚Ή)0.000.000.000.000.050.500.50
Book value per share (β‚Ή)0.002.832.712.514.1337.2734.22
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue86.1182.0550.0645.9283.6177.5460.9767.34
Revenue growth (YoY)+3.0%+5.8%-17.9%-31.8%+4.6%---
Other income3.041.142.331.770.952.061.390.79
Total expenses86.8683.5049.8044.4880.3775.0359.6963.14
EBITDA(0.75)(1.45)0.261.443.242.511.284.20
EBITDA margin-0.9%-1.8%+0.5%+3.1%+3.9%+3.2%+2.1%+6.2%
Depreciation0.901.061.111.080.961.130.990.95
Interest0.801.490.960.940.890.960.820.85
Profit before tax0.59(2.86)0.521.192.342.480.863.19
Tax0.56(1.77)1.760.420.650.511.040.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue262286247403250116192
Revenue growth-8.5%+15.9%-38.8%+60.8%+115.5%-39.6%-
Other income6.1917.923.113.181.734.5615.38
Total expenses258276230381227112181
Employee cost0.003.903.212.432.342.403.13
EBITDA3.4910.0616.7221.9223.064.4911.67
EBITDA margin+1.3%+3.5%+6.8%+5.4%+9.2%+3.9%+6.1%
Depreciation4.214.043.753.963.603.964.77
Interest4.283.796.9810.6519.0918.1619.41
Profit before tax1.1920.159.1010.492.10(13.07)2.87
Tax1.065.892.490.960.711.281.87
Net profit0.135.256.359.361.36(14.43)(5.58)
Net profit margin+0.1%+1.8%+2.6%+2.3%+0.5%-12.4%-2.9%
EPS (β‚Ή)0.000.100.050.100.01(0.51)0.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-13913994.8693.9327.9927.99
Reserves & surplus-252237143133101115
Shareholders' funds (net worth)-390376238228129143
Secured loans-19.1218.9760.6977.03131125
Unsecured loans-0.490.001.0914.1520.1620.01
Total debt-19.6118.9761.7891.18151145
Total liabilities-410396300319281288
Assets
Gross block-68.6964.4060.0757.5357.6155.73
Net block-29.4829.2328.6328.1030.3231.43
Capital work in progress-0.000.000.000.000.000.00
Investments-18125855.000.000.070.00
Inventories-28.8036.2335.3882.17102110
Sundry debtors-92.8669.1714113081.06108
Cash & bank balances-3.213.054.0111.368.979.33
Loans & advances-96.237.4348.6352.9968.6867.09
Total current assets-221116229277260295
Total current liabilities-75.8134.0942.6424.8745.0257.08
Net working capital-14581.79186252215238
Total assets-410396300319281288
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-3.054.0111.360.320.310.67
Net cash from operating activities-(43.32)11991.56(17.85)12.4425.78
Net cash from investing activities-47.04(203)(58.12)0.31(0.42)5.60
Net cash from financing activities-(3.36)82.29(40.79)20.02(12.01)(31.75)
Net change in cash-0.36(0.95)(7.35)2.480.01(0.37)
Closing cash-3.213.054.0111.368.979.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-8.5%+15.9%-38.8%+60.8%+115.5%-39.6%-
EBITDA growth-65.3%-39.8%-23.7%-4.9%+413.6%-61.5%-
PBT growth-94.1%+121.4%-13.3%+399.5%+9998.0%--88.4%
Net income growth-97.5%-17.3%-32.2%+588.2%+109.4%-158.6%-
Revenue CAGR (3Y)-13.4%+4.5%+28.5%+28.0%+0.7%-20.7%-19.7%
EBITDA CAGR (3Y)-45.8%-24.2%+55.0%+23.4%-7.9%-55.7%-39.0%
Profitability & leverage
Net income margin+0.1%+5.0%+2.7%+2.4%+0.6%-12.4%+0.5%
Return on capital employed-+2.8%+4.6%+6.8%+7.1%+1.8%+5.0%
Return on net worth-+1.4%+2.2%+4.1%+0.8%-10.6%-3.9%
Debt / equity-0.050.130.330.681.091.06
Long-term debt / equity-0.000.000.010.020.040.10
Interest cover-594.4462.9653.8259.3098.103,426.42281.30
Efficiency & per share
Fixed asset turnover-4.303.966.854.352.053.34
Inventory turnover-8.796.896.852.731.101.77
Debtors turnover-3.532.352.972.371.231.41
EPS (β‚Ή)0.000.100.050.100.01(0.51)0.04
Dividend per share (β‚Ή)0.000.000.000.000.000.000.00
Book value per share (β‚Ή)0.002.812.712.512.414.605.11

Investments & Acquisitions by Vikas Ecotech

Vikas Ecotech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Shamli Steel and Vikas Organics.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Thermo-mechanically treated bar products are manufactured for steel applications.
shamlisteel.tcc.modeDelhi, India1999Jan 2024$19.24M
Plasticizers including DEP, DMP, DOP, and DBP are manufactured.
vikasorganics.comDelhi, India1992Oct 2023$3.24M
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Timeline of Vikas Ecotech

4 dated milestones of Vikas Ecotech across 40 years, from founding to its latest funding, stage changes and deals.

  1. Founded Vikas Ecotech is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires Vikas Organics.
  4. Acquisition Acquires Shamli Steel.

Web traffic of Vikas Ecotech

The website of Vikas Ecotech (vikasecotech.com) receives about 6.2K visits a month.

  • Monthly visits
    6.2K

    ▼ 14.1% vs previous month

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Top companies in Core & Diversified Chemicals

3 companies that operate in the same segment as Vikas Ecotech (Core & Diversified Chemicals) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Manufacturer of fertilizers, industrial chemicals, crop nutrition products, and real estate
1979Pune, Maharashtra, IndiaUSD 1.21 B1,020
Specialty chemicals are manufactured through integrated R&D and production processes.
2023Bengaluru, Karnataka, IndiaUSD 72.97 MUSD 2.13 M
Manufactures coal tar and basic industrial chemicals.
1987Kolkata, West Bengal, IndiaUSD 24 MUSD 496.46 M2,480
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Frequently Asked Questions about Vikas Ecotech

Vikas Ecotech was founded in 1984.

Vikas Ecotech is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

Dinesh Bhardwaj is the CEO of Vikas Ecotech, as recorded in our data.

Vikas Ecotech has 131 employees.

The primary company behind Vikas Ecotech, Vikas Ecotech Limited, reported revenue of β‚Ή360 Cr for FY 2026, down 6% year on year.

Vikas Ecotech was established in 1984 and is based in Delhi, India. Specialty chemicals are produced for applications across various industries, including manufacturing and processing sectors. Operations involve formulation and supply of tailored chemical solutions, with a focus on industrial requirements. The company is led by CEO Dinesh Bhardwaj, and activities are conducted primarily within the Indian market.

Yes, Vikas Ecotech is publicly traded on NSE under the ticker symbol VIKASECO.

Vikas Ecotech has made 2 acquisitions, including Shamli Steel, and Vikas Organics.

Vikas Ecotech operates through Vikas Ecotech Limited.

The legal entities of Vikas Ecotech currently have 8 directors, including Ravi Kumar Gupta, Dinesh Bhardwaj, Kratika Jain and others.

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