Vikas EcoTech Limited (VIKASECO) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Vikas EcoTech Limited ₹1.05, price ₹1.01, upside +4.4%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹0.9900 – ₹6.60 · fair‑value band ₹0.5100 – ₹1.68 · the ₹1.01 price screens below the ₹1.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Vikas Ecotech Limited engages in the manufacture and sale of specialty additives, and rubber-plastic and polymer compounds in India. It operates through three segments: Infra & Energy, Chemical, Polymers & Special Additives; and Real Estate.
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Vikas Ecotech Limited engages in the manufacture and sale of specialty additives, and rubber-plastic and polymer compounds in India. It operates through three segments: Infra & Energy, Chemical, Polymers & Special Additives; and Real Estate. The company offers specialty additives, including organotin stabilizers, dimethyl tin dichloride, plasticizers, flame retardants, and chlorinated polyethylene, as well as epoxidized soyabean oil; and thermoplastic rubber, thermoplastic elastomer, and ethylene vinyl acetate compounds under the brand names Tinmate, Thermate, Veeprene TPR compound, and Veeprene TPE compound. In addition, it trades in TAFMER/POE, ACEOX, and CELLCOM products, as well as processing aid, impact modifier, PE wax, styrene ethylene butylene styrene, styrene butadiene copolymer, styrene butadiene rubber, PVC resin, titanium dioxide, methanol, and carbon black products. Further, the company manufactures specialty-recycled materials, such as poly vinyl chloride compounds and polyethylene terephthalate compounds, as well as engages in real estate development and coal supply business. Additionally, the company offers infrastructure products, such as steel pipe fittings and MDPE pipes for gas applications; and TMT bars, steel, HR and CR coils, and ERW pipes for infrastructure and various other industries. Its products are used in agriculture, infrastructure, packaging, electricals, footwear, pharmaceuticals, automotive, medical devices and components, and other consumer goods sectors. It exports its products. The company was formerly known as Vikas GlobalOne Limited and changed its name to Vikas Ecotech Limited in December 2015. Vikas Ecotech Limited was incorporated in 1984 and is headquartered in New Delhi, India.
Stock analysis
Vikas EcoTech Limited (VIKASECO) currently trades at ₹1.01, while our model-based Fair Value estimate is ₹1.05, so the stock looks roughly fairly valued today (gap 4.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹4.13 per share, and 10 of the 15 models we run sit above the ₹1.01 price.
Bear case: the Economic Profit group reads lowest at ₹0.2100, and 5 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹0.5100 (bear) to ₹1.68 (bull), the price of ₹1.01 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Vikas EcoTech Limited reported revenue of ₹3.8B in FY2025 versus ₹1.2B in FY2021, a compound +34.3%/yr. Reported net income was ₹170M in FY2025.
Key figures
Market cap ₹2.2B (≈ $22.6M) · P/E ratio 16.8 · P/S ratio 0.76 · EPS (TTM) ₹0.0600 · Net margin 4.5% · Return on equity 4.4% · Return on assets (EBIT) 3.7% · Operating margin 1.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (medium confidence).
What moves the price
The share trades about 50% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 4%, VIKASECO screens cheaper than that median.
Fair Value models
Bear ₹0.5100Fair Value ₹1.05Bull ₹1.68
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹0.0600 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+48.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+48.3%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.0% vs 0.4%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.5% → 2%
2025 sits 70% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 9.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 705 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside+4.4% · Above median
Profitability
Return on equity (TTM)4.4% · Below median
Return on assets0.9% · Bottom 25%
Net margin (TTM)2.0% · Below median
Operating margin (TTM)1.5% · Bottom 25%
Growth and dividend
Revenue growth−18.9% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Vikas EcoTech Limited (VIKASECO) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹1.05 versus a price of ₹1.01, about +4% upside (fairly valued).
What is the fair value of VIKASECO?
Our model-based fair value for Vikas EcoTech Limited is ₹1.05 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1.01.
What is the quality score of VIKASECO?
Vikas EcoTech Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Vikas EcoTech Limited (VIKASECO)?
Our model-based price target is the fair value of ₹1.05 (as of Sep 27, 2026) from 15 valuation models. Cautious scenario ₹0.5100, optimistic scenario ₹1.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Vikas EcoTech Limited stock forecast for 2026?
Our models put fair value at ₹1.05, about +4% upside versus a price of ₹1.01 (fairly valued). Cautious scenario ₹0.5100, optimistic scenario ₹1.68. The calculation is refreshed regularly with new filings.
What is the revenue of Vikas EcoTech Limited (VIKASECO)?
Vikas EcoTech Limited reported trailing-twelve-month revenue of about ₹3.4B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Vikas EcoTech Limited (VIKASECO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vikas EcoTech Limited it is ₹1.05 per share (as of Sep 27, 2026), against a price of ₹1.01. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Vikas EcoTech Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, VIKASECO trades below its calculated fair value: price ₹1.01, fair value ₹1.05, a gap of about +4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VIKASECO?
No. The price is what the market pays today (₹1.01); the fair value is what the company's own numbers justify (₹1.05). For Vikas EcoTech Limited the two are ₹0.0440 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vikas EcoTech Limited worth?
The market values Vikas EcoTech Limited at about ₹2.2B (market capitalisation, as of Sep 27, 2026). Per share that is ₹1.01; our models calculate a fair value of ₹1.05 per share.
What do the bullish and bearish scenarios say about VIKASECO?
Our models span a range for Vikas EcoTech Limited: cautious scenario ₹0.5100, base ₹1.05, optimistic ₹1.68 per share (as of Sep 27, 2026, price ₹1.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VIKASECO?
Vikas EcoTech Limited trades at a price-to-earnings ratio of 16.8 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.05 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.6, EV/EBITDA 15.0.
How solid is the balance sheet of Vikas EcoTech Limited (VIKASECO)?
Balance-sheet figures for Vikas EcoTech Limited (as of Sep 27, 2026): return on equity 4.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is VIKASECO from its 52-week high?
Vikas EcoTech Limited trades at ₹1.01, about 50% below its 52-week high of ₹2.02 and 2% above the low of ₹0.9900 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.05 is for.
Which stocks are comparable to Vikas EcoTech Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vikas EcoTech Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1.01, calculated fair value ₹1.05 (+4%), Quality Score 30/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VIKASECO calculated?
We run Vikas EcoTech Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Vikas EcoTech Limited currently trades 4 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vikas EcoTech Limited (VIKASECO)?
The closing price on Oct 1, 2026 was ₹1.01. Our model-based fair value is ₹1.05, about +4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vikas EcoTech Limited right now?
The model range is unusually wide (₹0.5100 to ₹1.68). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Vikas EcoTech Limited (VIKASECO) come from?
Earnings per share at Vikas EcoTech Limited grew −11.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share −9.1 %, EBIT margin −1.6 %, tax rate +2.3 %, residual (interest, one-offs) −3.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Vikas EcoTech Limited
How large is the market capitalisation of Vikas EcoTech Limited (VIKASECO)?
The market capitalisation of Vikas EcoTech Limited is ₹2.2B (≈ $22.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vikas EcoTech Limited (VIKASECO)?
The price-to-sales ratio of Vikas EcoTech Limited is 0.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vikas EcoTech Limited (VIKASECO)?
Earnings per share at Vikas EcoTech Limited are ₹0.0600 (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vikas EcoTech Limited (VIKASECO)?
The net margin of Vikas EcoTech Limited is 4.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vikas EcoTech Limited (VIKASECO)?
The return on equity (ROE) of Vikas EcoTech Limited is 4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vikas EcoTech Limited (VIKASECO)?
On an EBIT basis the return on assets of Vikas EcoTech Limited is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vikas EcoTech Limited (VIKASECO)?
The operating margin of Vikas EcoTech Limited is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vikas EcoTech Limited (VIKASECO)?
Revenue at Vikas EcoTech Limited is growing −18.9% versus a year earlier (3y avg +14.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vikas EcoTech Limited (VIKASECO)?
Earnings per share at Vikas EcoTech Limited are growing −71.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Vikas EcoTech Limited (VIKASECO) generate?
The free cash flow of Vikas EcoTech Limited is −₹653M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Vikas EcoTech Limited (VIKASECO) carry?
The net debt of Vikas EcoTech Limited is ₹265M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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