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Vikas Ecotech Limited (NSE: VIKASECO) Market Update: The stock market witnessed fluctuations on Friday, with BSE Sensex dropping by 15 points to close at 773142 points, and Nifty declining by 5 points to settle at 22212 points. Amidst this volatility, Vikas Ecotech Limited experienced a slight dip, trading at 4.65.
Share Performance Highlights:
- Vikas Ecotech Limited’s shares, with an estimated market capitalization of 641 crores, have seen a 52-week high of Rs 5.65 and an average 52-week low of 2.35.
- The company delivered a 10% return to investors in March and an impressive 63% increase over the past six months from the initial level of Rs 2.85.
- Investors have benefited from Vikas Ecotech Limited’s shares, witnessing multi-bagger gains in the long term.
Strategic Acquisition Announcement: Vikas Ecotech Limited has made a significant acquisition in the form of a 100 percent stake in a Polymeric Plasticizer Manufacturing Company. The company has further disclosed its intention to merge Polymer Plastic Scissor Manufacturing Company with Vikas Organic Private Limited.
- The acquisition was valued at Rs 32 crore, with Vikas Ecotech Limited paying Rs 27 crore upfront.
- The completion of the ownership transfer for Polymeric Plasticizer Manufacturing Company underscores Vikas Ecotech Limited’s strategic expansion initiatives.
This update provides insight into Vikas Ecotech Limited’s market performance amidst volatility, along with its strategic moves towards growth and expansion in the industry.
Can a Rs 4 Share Turn into Rs 40?
Is there potential for a Rs 4 share to soar to Rs 40?
Vikas Ecotech Limited believes so, citing the acquisition of a new company as a game-changer. This move is expected to turbocharge the company’s operations, particularly in supplying products to vinyl processing industries.
Since August 2021, Vikas Ecotech has been diligently reducing its loans, with Rs 126.2 crore already repaid to banks by September of the same year. This effort has significantly slashed the company’s debt burden, leaving just Rs 35 crore outstanding with banks. Impressively, Vikas Ecotech has managed to repay around 78% of its loans from their peak levels.
This strategic financial restructuring coupled with the promising prospects from the new acquisition may indeed pave the way for substantial growth potential, potentially impacting the share price positively.
About Vikas Ecotech Ltd
Vikas Ecotech Limited is an Indian company specializing in the production of Specialty Chemicals, particularly Additives and Specialty Polymer Compounds.
The company’s diverse business portfolio spans various sectors including packaging, infrastructure, agriculture (both organic and inorganic chemicals), and fast-moving consumer goods. Their products cater to a wide range of industries such as automotive, electrical, footwear, pharmaceuticals, medical devices, and other consumer goods.
Vikas Ecotech operates through different segments, including Infra & Energy, Chemical, Polymers & Special Additives, and Real Estate.
In the realm of Special Additives, the company offers a variety of products such as organotin stabilizers, plasticizers like epoxidized soybean oil and chlorinated paraffin, dimethyl tin dichloride, flame retardants, and chlorinated polyethylene.
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Fundamental Analysis of Vikas Ecotech Ltd
| Company Essentials | Values |
|---|---|
| MARKET CAP | ₹ 644.20 Cr. |
| ENTERPRISE VALUE | ₹ 701.97 Cr. |
| NO. OF SHARES | 138.84 Cr. |
| P/E | 101.75 |
| P/B | 1.83 |
| FACE VALUE | ₹ 1 |
| DIV. YIELD | 0 % |
| BOOK VALUE (TTM) | ₹ 2.53 |
| CASH | ₹ 4.01 Cr. |
| DEBT | ₹ 61.78 Cr. |
| PROMOTER HOLDING | 6.87 % |
| EPS (TTM) | ₹ 0.05 |
| SALES GROWTH | 60.79% |
| ROE | 4.10 % |
| ROCE | 6.81% |
| PROFIT GROWTH | 584.22 % |
Conclusion
This article serves as a comprehensive guide to the Profit Growth 584.22%: ₹4 Share Going To Become ₹40, Huge Growth Coming. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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