Vikas Lifecare Balance Sheet Health

Financial Health criteria checks 4/6

Vikas Lifecare has a total shareholder equity of ₹3.5B and total debt of ₹255.4M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are ₹4.6B and ₹1.0B respectively.

Key information

7.2%

Debt to equity ratio

₹255.43m

Debt

Interest coverage ratio	n/a
Cash	₹125.52m
Equity	₹3.54b
Total liabilities	₹1.03b
Total assets	₹4.57b

Recent financial health updates

Recent updates

Further Upside For Vikas Lifecare Limited (NSE:VIKASLIFE) Shares Could Introduce Price Risks After 33% Bounce

Jan 09

Returns At Vikas Lifecare (NSE:VIKASLIFE) Are On The Way Up

Oct 26

Vikas Lifecare (NSE:VIKASLIFE) Seems To Use Debt Quite Sensibly

Sep 15

Some Investors May Be Worried About Vikas Lifecare's (NSE:VIKASLIFE) Returns On Capital

Jun 15

Vikas Lifecare's (NSE:VIKASLIFE) Earnings Aren't As Good As They Appear

Jun 05

Vikas Lifecare's (NSE:VIKASLIFE) Returns Have Hit A Wall

Dec 14

We Think Vikas Lifecare (NSE:VIKASLIFE) Is Taking Some Risk With Its Debt

Oct 19

Investors Who Bought Vikas Multicorp (NSE:VIKASMCORP) Shares A Year Ago Are Now Up 130%

Dec 08

Have Vikas Multicorp Limited (NSE:VIKASMCORP) Insiders Been Selling Their Stock?

Nov 01

Have Vikas Multicorp Limited (NSE:VIKASMCORP) Insiders Been Selling Their Stock?

Oct 06

Here's Why Vikas Multicorp (NSE:VIKASMCORP) Is Weighed Down By Its Debt Load

Oct 01

How Much Of Vikas Multicorp Limited (NSE:VIKASMCORP) Do Insiders Own?

Aug 26

If You Had Bought Vikas Multicorp (NSE:VIKASMCORP) Shares A Year Ago You'd Have Earned181% Returns

Jul 31

Vikas Multicorp Limited's (NSE:VIKASMCORP) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Jul 02

Financial Position Analysis

Short Term Liabilities: VIKASLIFE's short term assets (₹2.0B) exceed its short term liabilities (₹814.3M).

Long Term Liabilities: VIKASLIFE's short term assets (₹2.0B) exceed its long term liabilities (₹211.9M).

Debt to Equity History and Analysis

Debt Level: VIKASLIFE's net debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: VIKASLIFE's debt to equity ratio has reduced from 31.9% to 7.2% over the past 5 years.

Debt Coverage: VIKASLIFE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if VIKASLIFE's interest payments on its debt are well covered by EBIT.

Vikas Lifecare Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Vikas Lifecare (NSE:VIKASLIFE) Seems To Use Debt Quite Sensibly

We Think Vikas Lifecare (NSE:VIKASLIFE) Is Taking Some Risk With Its Debt

Here's Why Vikas Multicorp (NSE:VIKASMCORP) Is Weighed Down By Its Debt Load

Recent updates

Vikas Lifecare Limited Appoints Sanjay Kumar Jaiswal as Compliance Officer

Vikas Lifecare Limited announced that it has received INR 242.5 million in funding from Sylph Technologies Limited, Srestha Finvest Limited

Third quarter 2024 earnings released: ₹0.03 loss per share (vs ₹0.05 profit in 3Q 2023)

Vikas Lifecare Limited to Report Q3, 2024 Results on Feb 13, 2024

Vikas Lifecare Limited Announces CEO Changes

Less than half of directors are independent

Vikas Lifecare Limited Announces Resignation of Ruby Bansal as Non-Executive Independent Director

Further Upside For Vikas Lifecare Limited (NSE:VIKASLIFE) Shares Could Introduce Price Risks After 33% Bounce

Returns At Vikas Lifecare (NSE:VIKASLIFE) Are On The Way Up

Second quarter 2024 earnings released: EPS: ₹0.06 (vs ₹0.018 in 2Q 2023)

Vikas Lifecare Limited to Report Q2, 2024 Results on Oct 17, 2023

Vikas Lifecare (NSE:VIKASLIFE) Seems To Use Debt Quite Sensibly

New minor risk - Share price stability

Vikas Lifecare Limited (NSEI:VIKASLIFE) acquired 98% stake in MSR Apparels Private Limited for INR 125 million.

First quarter 2024 earnings released: EPS: ₹0.08 (vs ₹0.022 in 1Q 2023)

Vikas Lifecare Limited, Annual General Meeting, Sep 27, 2023

Vikas Lifecare Limited to Report Q1, 2024 Results on Aug 12, 2023

Some Investors May Be Worried About Vikas Lifecare's (NSE:VIKASLIFE) Returns On Capital

Vikas Lifecare Limited Announces Appointment of Chandan Kumar as Director (Finance) Cum Chief Financial Officer

Full year 2023 earnings released: ₹0.11 loss per share (vs ₹0.31 profit in FY 2022)

Third quarter 2023 earnings released: EPS: ₹0.05 (vs ₹0.03 in 3Q 2022)

Vikas Lifecare Limited Announces Appointment of Mr. Balwant Kumar Bhushan as an Additional Director

Vikas Lifecare Limited to Report Q3, 2023 Results on Jan 25, 2023

Investor sentiment deteriorated over the past week

High number of new and inexperienced directors

Second quarter 2023 earnings released: EPS: ₹0.018 (vs ₹0.029 in 2Q 2022)

Vikas Lifecare Limited to Report Q2, 2023 Results on Oct 21, 2022

Vikas Lifecare Limited (BSE:542655) acquired 30% stake in Ardh Sainik Canteen Limited from its existing stakeholders for INR 150 million.

Vikas Lifecare Limited Approves Appointment of Mr. Chandan Kumar as A Director of Company

Investor sentiment deteriorated over the past week

Vikas Lifecare Limited, Annual General Meeting, Sep 29, 2022

Vikas Lifecare Limited has completed a Follow-on Equity Offering in the amount of INR 499.999997 million.

First quarter 2023 earnings released: EPS: ₹0.23 (vs ₹0.004 in 1Q 2022)

Vikas Lifecare Limited Announces Addition of 'Almonds and Walnuts' to Company's Agro-Products Division Offerings

Vikas Lifecare Limited has completed a Follow-on Equity Offering in the amount of INR 500 million.

Vikas Lifecare's (NSE:VIKASLIFE) Earnings Aren't As Good As They Appear

Full year 2022 earnings released: EPS: ₹0.31 (vs ₹0.053 loss in FY 2021)

Vikas Lifecare Limited to Report Q4, 2022 Results on May 28, 2022

High number of new and inexperienced directors

Vikas Lifecare Limited (BSE:542655) agreed to acquire a 75% stake in Genesis Gas Solutions Private Limited for CAD 250 million.

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Vikas Lifecare's (NSE:VIKASLIFE) Returns Have Hit A Wall

We Think Vikas Lifecare (NSE:VIKASLIFE) Is Taking Some Risk With Its Debt

Second quarter 2022 earnings released

Independent Director Meena Bansal has left the company

Chief Financial Officer Chandan Bhardwaj has left the company

Independent & Non-Executive Director Pankaj Gupta has left the company

Independent & Non-Executive Director Pankaj Gupta has left the company

Non-Executive Director recently sold ₹20m worth of stock

Non-Executive Director recently sold ₹67m worth of stock

Vikas Lifecare Limited (BSE:542655) agreed to acquire Hydrolina Biotec Private Limited.

Vikas Multicorp Limited (BSE:542655) completed the acquisition of an unknown stake in Advik Laboratories Limited (BSE:531686) from Advik's promoters.

Full year 2021 earnings released: ₹0.05 loss per share (vs ₹0.021 profit in FY 2020)

Vikas Lifecare Limited has completed a Follow-on Equity Offering in the amount of INR 490.986666 million.

Company Secretary has left the company

New 90-day low: ₹3.40

Insider recently sold ₹31m worth of stock

New 90-day low: ₹5.00

Vikas Multicorp Limited (BSE:542655) agreed to acquire an unknown stake in Advik Laboratories Limited (BSE:531686) from Advik's promoters.

Vikas Multicorp Limited to Report Q3, 2021 Results on Jan 12, 2021

New 90-day low: ₹6.65

Investors Who Bought Vikas Multicorp (NSE:VIKASMCORP) Shares A Year Ago Are Now Up 130%

Insider recently sold ₹25m worth of stock

Insider recently sold ₹54m worth of stock

Have Vikas Multicorp Limited (NSE:VIKASMCORP) Insiders Been Selling Their Stock?

Insider recently sold ₹44m worth of stock

First half earnings released

New 90-day low: ₹6.75

Vikas Multicorp Limited to Report Q2, 2021 Results on Oct 23, 2020

Have Vikas Multicorp Limited (NSE:VIKASMCORP) Insiders Been Selling Their Stock?

Insider recently sold ₹28m worth of stock

Here's Why Vikas Multicorp (NSE:VIKASMCORP) Is Weighed Down By Its Debt Load