Vikas Ecotech Limited (VEL) stands as a prominent provider of high-end specialty chemicals and innovative polymer solutions. With a legacy spanning three decades, the company has been a pioneer in developing toxin-free specialty chemicals in India and offers environmentally responsible solutions to a diverse global customer base. VEL operates as an integrated, multi-specialty product solutions company, manufacturing a wide array of superior quality, eco-friendly additives and rubber-plastic compounds. These are essential ingredients for producing environmentally neutral and safety-critical products across various industries. Vikas Ecotech Limited holds ISO 9001:2015 certification, underscoring its commitment to quality.
Vikas Ecotech Limited demonstrates a solid financial standing, particularly noted for its debt-free status and strong balance sheet, which enables stable earnings growth. As per the latest available data, the company has a market capitalization of ₹446 Crore. Its operating revenue stands at ₹378 Crore on a trailing twelve-month basis, with an impressive annual revenue growth of 46%. The company maintains a pre-tax margin of 6% and an ROE of 4%, indicating fair profitability and efficiency, although there is potential for improvement. The Debt to Equity ratio of 0.05 further emphasizes its low debt levels and financial stability.
- Market Capitalization: ₹446 Crore
- Latest Annual Revenue: ₹378 Crore
- Annual Revenue Growth: 46%
- Pre-tax Margin: 6%
- Return on Equity (ROE): 4%
- Debt to Equity Ratio: 0.05 (Debt-Free)
- Promoter Holding: 10.65% (as of Mar 2025)
Vikas Ecotech Limited operates across multiple business segments, including Infra & Energy, Chemical, Polymers & Special Additives, and Real Estate. Its manufacturing facility, with an installed capacity of approximately 56,000 MT, is strategically located in Rajasthan. The company also established a facility in Ghaziabad for producing MS sockets and commenced coal trading during FY23. In FY22, it began trading TMT bars, steel, HR coils, and CR coils.
The company's product range encompasses specialty additives, such as organotin stabilizers, dimethyl tin dichloride, plasticizers, flame-retardants, chlorinated polyethylene, and epoxidized soyabean oil. It also produces thermoplastic rubber, thermoplastic elastomer, and ethylene vinyl acetate compounds under brand names like Tinmate, Thermate, Veeprene TPR compound, and Veeprene TPE compound.
Furthermore, Vikas Ecotech trades in products like TAFMER/POE, ACEOX, and CELLCOM. It also deals in processing aids, impact modifiers, PE wax, various styrene-based copolymers and rubbers, PVC resin, titanium dioxide, methanol, and carbon black. The company also manufactures specialty-recycled materials, including poly vinyl chloride and polyethylene terephthalate compounds. Its infrastructure offerings include steel pipe fittings and MDPE pipes for gas applications, alongside TMT bars, steel, HR and CR coils, and ERW pipes for infrastructure and other industrial uses.
The company's diverse product portfolio caters to a wide array of industries and applications. Its specialty chemicals and polymer compounds are integral to sectors such as agriculture, infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, and medical devices, among other consumer sectors. Vikas Ecotech Limited actively exports its products, serving a global clientele with its specialized chemical solutions. The company's market strategy focuses on delivering innovative and environmentally responsible products, leveraging its three-decade legacy to meet the escalating demand for eco-friendly additives and polymer compounds in both domestic and international markets.
Vikas Ecotech Limited, incorporated in 1984 and based in New Delhi, India, was formerly known as Vikas GlobalOne Limited. The company changed its name to Vikas Ecotech Limited in December 2015. Founded under the guidance of Mr. Vikas Garg, it has established a strong presence in the specialty chemicals sector.
Recent developments include the approval of audited FY25 results in May 2025. The company's Board Meeting also approved a capital reduction, reversing 38.03 crore shares from the Shamli Steels deal, recognized a ₹12.86 crore insurance claim, and contested a tax demand. New auditors were appointed during this period. Notably, despite reporting consistent profits, the company has not paid out dividends. Promoter holding has seen a marginal decrease, standing at 10.65 per cent as of March 2025, down from 10.66 per cent as of June 2024.
