Vikas Ecotech Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹180 Cr
- P/E
- 109.34
- ROE
- 0.80%
- PEG
- -3.58
- Price to sales
- 0.49
- Debt to equity
- 0.08
- 52W high / low
- ₹1.82 / ₹0.97
- EBITDA margin
- 1.65%
- Net profit margin
- 0.89%
- Promoter holding
- 10.65%
- Sales (last year)
- ₹369 Cr
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Vikas Ecotech latest results (Sep 2026)
Revenue
₹81 Cr
+25.57% YoY
Net profit
₹0 Cr
-90% YoY
Operating margin
1.65%
EPS
₹0
Vikas Ecotech shareholding (Sep 2026)
Promoters
10.65%
unchanged QoQ
FIIs
0.00%
unchanged QoQ
DIIs
—
— QoQ
Public
89.35%
+0.01 pp QoQ
Financials of Vikas Ecotech
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Vikas Ecotech
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 6.87% | 13.57% | 10.66% | 10.66% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% | 10.65% |
| FIIs + | 0.01% | 0.01% | 0.00% | 0.00% | 0.02% | 0.02% | 0.05% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 93.12% | 86.42% | 89.34% | 89.33% | 89.32% | 89.33% | 89.29% | 89.29% | 89.34% | 89.34% | 89.34% | 89.35% |
| No. of Shareholders | 3,83,102 | 5,01,025 | 5,35,602 | 5,54,511 | 5,79,874 | 5,96,124 | 5,92,947 | 5,92,947 | 5,75,495 | 5,67,693 | 5,61,136 | 5,54,920 |
Financials of Vikas Ecotech
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 60.74 | 68.46 | 71.73 | 101.06 | 89.23 | 84.76 | 102.61 | 103.56 | 64.72 | 68.72 | 116.19 | 119.15 | 81.27 |
| YoY Sales growth | +4.98% | +75.15% | +46.90% | +23.81% | +43.05% | +2.47% | -27.47% | -18.92% | +13.23% | +15.05% | +25.57% | ||
| Expenses + | 55.25 | 64.73 | 69.08 | 98.94 | 84.43 | 83.38 | 98.97 | 98.88 | 62.04 | 66.67 | 117.24 | 116.74 | 79.93 |
| Operating Profit | 5.49 | 3.73 | 2.65 | 2.12 | 4.80 | 1.38 | 3.64 | 4.68 | 2.68 | 2.05 | -1.05 | 2.41 | 1.34 |
| OPM % | 9.04% | 5.45% | 3.69% | 2.10% | 5.38% | 1.63% | 3.55% | 4.52% | 4.14% | 2.98% | -0.90% | 2.02% | 1.65% |
| Other Income + | -0.25 | 0.30 | 2.59 | 13.78 | 1.00 | 1.49 | 2.78 | 1.04 | 2.10 | 2.43 | 1.57 | 3.05 | 1.61 |
| Interest | 1.99 | 1.45 | 0.82 | 0.90 | 0.88 | 1.09 | 1.28 | 1.18 | 1.14 | 1.55 | 0.72 | 1.07 | 1.32 |
| Depreciation | 0.90 | 0.93 | 1.08 | 1.06 | 0.98 | 1.39 | 1.89 | 1.23 | 1.36 | 1.04 | 1.70 | 1.12 | 1.15 |
| Profit before tax | 2.35 | 1.65 | 3.34 | 13.94 | 3.94 | 0.39 | 3.25 | 3.31 | 2.28 | 1.89 | -1.90 | 3.27 | 0.48 |
| Tax % | 25.11% | 24.85% | 31.44% | 25.54% | 27.66% | 241.03% | -32.31% | 28.70% | 22.81% | 129.10% | -76.32% | 38.84% | 64.58% |
| Net Profit + | 1.77 | 1.23 | 2.30 | 10.38 | 2.85 | -0.55 | 4.30 | 2.37 | 1.75 | -0.55 | -0.44 | 2.00 | 0.17 |
| EPS in Rs | 0.01 | 0.01 | 0.02 | 0.06 | 0.02 | -0.00 | 0.02 | 0.01 | 0.01 | -0.01 | -0.00 | 0.01 | 0.00 |
Financials of Vikas Ecotech
Profit & Loss
Annual income statement trend
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 62 | 115 | 165 | 252 | 250 | 397 | 259 | 376 | 353 | 385 |
| Sales growth | +84% | +43% | +53% | -1% | -35% | +45% | -6% | +8% | ||
| Expenses + | 58 | 106 | 153 | 241 | 237 | 375 | 242 | 364 | 345 | 381 |
| Operating Profit | 4 | 9 | 12 | 11 | 13 | 22 | 16 | 12 | 8 | 5 |
| OPM % | 7% | 8% | 7% | 4.2% | 5% | 6% | 6% | 3.3% | 2.4% | 1.2% |
| Other Income + | 1 | 2 | 6 | 2 | 3 | 3 | 4 | 19 | 7 | 9 |
| Interest | 2 | 4 | 5 | 6 | 9 | 11 | 7 | 4 | 5 | 5 |
| Depreciation | 0 | 1 | 2 | 2 | 2 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 3 | 7 | 10 | 4 | 5 | 10 | 9 | 22 | 6 | 4 |
| Tax % | 10% | 3% | 1% | 6% | 22% | 9% | 27% | 21% | 44% | |
| Net Profit + | 3 | 6 | 10 | 4 | 4 | 10 | 7 | 17 | 3 | 1 |
| EPS in Rs | 0.10 | 0.16 | 0.22 | 0.09 | 0.09 | 0.10 | 0.05 | 0.10 | 0.02 | 0.00 |
| Dividend Payout % | 13% | 16% | 6% | 14% | 14% | 0% | 0% | 0% | 0% |
Financials of Vikas Ecotech
Balance Sheet
Capital structure and asset base
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 10 | 10 | 10 | 10 | 95 | 139 | 139 | 139 | 139 |
| Reserves | 6 | 16 | 24 | 28 | 32 | 143 | 238 | 254 | 256 | 257 |
| Borrowings + | 19 | 34 | 38 | 54 | 67 | 62 | 19 | 28 | 30 | 40 |
| Other Liabilities + | 11 | 25 | 26 | 43 | 45 | 43 | 48 | 90 | 88 | 80 |
| Total Liabilities | 44 | 85 | 98 | 135 | 154 | 343 | 444 | 512 | 513 | 516 |
| Fixed Assets + | 9 | 14 | 20 | 20 | 23 | 29 | 54 | 55 | 49 | 48 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 55 | 228 | 140 | 64 | 77 |
| Other Assets + | 35 | 71 | 78 | 115 | 131 | 259 | 161 | 316 | 400 | 391 |
| Total Assets | 44 | 85 | 98 | 135 | 154 | 343 | 444 | 512 | 513 | 516 |
Financials of Vikas Ecotech
Cash Flows
Operating, investing and financing cash movement
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -5 | -6 | 12 | -8 | 92 | 120 | -60 | -113 | |
| Cash from Investing Activity + | -5 | -9 | -9 | -1 | -58 | -202 | 46 | 96 | |
| Cash from Financing Activity + | 10 | 15 | -3 | 9 | -41 | 83 | 15 | 17 | |
| Net Cash Flow | -0 | -1 | 1 | -0 | -7 | 0 | 1 | -0 | |
| Free Cash Flow | -11 | -12 | 4 | -10 | 87 | 115 | -65 | -112 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -108% | -66% | 100% | -74% | 421% | 736% | -480% | -1,335% |
Financials of Vikas Ecotech
Ratios
Working capital efficiency and return ratios
| Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109 | 98 | 89 | 100 | 116 | 130 | 108 | 108 | 131 |
| Inventory Days | 71 | 79 | 58 | 48 | 44 | 35 | 71 | 42 | 47 |
| Days Payable | 57 | 80 | 42 | 54 | 58 | 27 | 59 | 66 | 59 |
| Cash Conversion Cycle | 123 | 97 | 105 | 94 | 102 | 138 | 121 | 84 | 118 |
| Working Capital Days | 139 | 52 | 40 | 33 | 38 | 111 | 93 | 136 | 266 |
| ROCE % | 22% | 19% | 13% | 14% | 5% | 3% | 2% |
Vikas Ecotech: frequently asked questions
What is Vikas Ecotech share price today?
Vikas Ecotech last traded at ₹1.02, with a market capitalisation of ₹180 Cr and a P/E ratio of 109.3.
What were Vikas Ecotech's latest quarterly results?
For the quarter ended Sep 2026, Vikas Ecotech reported revenue of ₹81 Cr (+25.57% year on year) and net profit of ₹0 Cr, with an operating margin of 1.65%.
Is Vikas Ecotech's profit growing?
Net profit was ₹0 Cr in Sep 2026 against ₹2 Cr in Sep 2025, a change of -90%.
What is Vikas Ecotech's EPS?
Vikas Ecotech's earnings per share for the quarter ended Sep 2026 was ₹0.
What is the promoter holding in Vikas Ecotech?
Promoters held 10.65% of Vikas Ecotech in Sep 2026 (unchanged versus Jun 2026).
How much do FIIs and DIIs hold in Vikas Ecotech?
In Sep 2026, foreign institutional investors held 0.00% and domestic institutions (including mutual funds) held — of Vikas Ecotech.
What is Vikas Ecotech's ROE and ROCE?
Vikas Ecotech's return on equity is 0.8% and its return on capital employed is 2.34%.
Does Vikas Ecotech pay a dividend?
Vikas Ecotech's dividend yield is 0% at the current price; see the Vikas Ecotech dividends page for past payouts.
What did Vikas Ecotech's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from Vikas Ecotech's management.
How does Arthneeti AI analyse Vikas Ecotech?
Arthneeti reads Vikas Ecotech's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.