Vikas Ecotech Limited

NSEI:VIKASECO Stock Report

Market Cap: ₹1.7b

Vikas Ecotech Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Balwant Bhushan

Chief executive officer

₹698.0k

Total compensation

CEO salary percentage100.00%
CEO tenure3.2yrs
CEO ownershipn/a
Management average tenure2.9yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

Analysis Article • Nov 20

Vikas Ecotech Limited's (NSE:VIKASECO) Business Is Trailing The Market But Its Shares Aren't

There wouldn't be many who think Vikas Ecotech Limited's ( NSE:VIKASECO ) price-to-earnings (or "P/E") ratio of 28.2x...
Analysis Article • Feb 19

Risks Still Elevated At These Prices As Vikas Ecotech Limited (NSE:VIKASECO) Shares Dive 27%

The Vikas Ecotech Limited ( NSE:VIKASECO ) share price has fared very poorly over the last month, falling by a...
Analysis Article • Nov 22

Impressive Earnings May Not Tell The Whole Story For Vikas Ecotech (NSE:VIKASECO)

Vikas Ecotech Limited's ( NSE:VIKASECO ) robust earnings report didn't manage to move the market for its stock. We did...
Analysis Article • Feb 09

After Leaping 26% Vikas Ecotech Limited (NSE:VIKASECO) Shares Are Not Flying Under The Radar

Vikas Ecotech Limited ( NSE:VIKASECO ) shares have continued their recent momentum with a 26% gain in the last month...
Analysis Article • Dec 20

Some Shareholders Feeling Restless Over Vikas Ecotech Limited's (NSE:VIKASECO) P/E Ratio

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 29x, you may consider Vikas...
Analysis Article • Mar 30

Vikas Ecotech (NSE:VIKASECO) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Dec 26

Does Vikas Ecotech (NSE:VIKASECO) Have A Healthy Balance Sheet?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Oct 27

Vikas Ecotech's (NSE:VIKASECO) Solid Profits Have Weak Fundamentals

Unsurprisingly, Vikas Ecotech Limited's ( NSE:VIKASECO ) stock price was strong on the back of its healthy earnings...
Analysis Article • Jun 10

Vikas EcoTech (NSE:VIKASECO) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jan 01

Does Vikas EcoTech (NSE:VIKASECO) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • May 17

Returns On Capital At Vikas EcoTech (NSE:VIKASECO) Paint A Concerning Picture

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article • Mar 18

Should You Review Recent Insider Transactions At Vikas EcoTech Limited (NSE:VIKASECO)?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Analysis Article • Feb 12

Vikas EcoTech (NSE:VIKASECO) Has No Shortage Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jan 08

We're Watching These Trends At Vikas EcoTech (NSE:VIKASECO)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
Analysis Article • Dec 03

The MD & Executive Director of Vikas EcoTech Limited (NSE:VIKASECO), Vikas Garg, Just Sold 93% Of Their Holding

We wouldn't blame Vikas EcoTech Limited ( NSE:VIKASECO ) shareholders if they were a little worried about the fact that...
Analysis Article • Nov 15

Have Vikas EcoTech Limited (NSE:VIKASECO) Insiders Been Selling Their Stock?

We'd be surprised if Vikas EcoTech Limited (NSE:VIKASECO) shareholders haven't noticed that an insider, Nand Garg...
Analysis Article • Sep 22

Here's What To Make Of Vikas EcoTech's (NSE:VIKASECO) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few...

CEO Compensation Analysis

How has Balwant Bhushan's remuneration changed compared to Vikas Ecotech's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

₹17m

Dec 31 2025n/an/a

₹68m

Sep 30 2025n/an/a

₹79m

Jun 30 2025n/an/a

₹90m

Mar 31 2025₹698k₹698k

₹170m

Dec 31 2024n/an/a

₹150m

Sep 30 2024n/an/a

₹168m

Jun 30 2024n/an/a

₹157m

Mar 31 2024₹534k₹534k

₹68m

Compensation vs Market: Balwant's total compensation ($USD7.31K) is below average for companies of similar size in the Indian market ($USD40.92K).

Compensation vs Earnings: Balwant's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Balwant Bhushan

3.2yrs
Tenure
₹698,000
Compensation

Mr. Balwant Kumar Bhushan was Additional Director of Vikas Lifecare Limited from January 25, 2023 to April 25, 2023. He serves as Chief Executive Officer at Vikas Ecotech Limited since May 13, 2023 and ser...

Leadership Team

NamePositionTenureCompensationOwnership
Balwant Bhushan
CEO & Whole Time Director3.2yrs₹698.00kno data
Mahavir Agarwal
Chief Financial Officer1.6yrs₹1.70mno data
Prashant Sajwani
Company Secretary & Compliance Officer6.1yrs₹1.24mno data
Dinesh Bhardwaj
Executive Director1.5yrs₹413.00kno data
Rajeev Kumar
Executive Director2.9yrs₹1.07mno data
2.9yrs
Average Tenure

Experienced Management: VIKASECO's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Balwant Bhushan
CEO & Whole Time Director3.2yrs₹698.00kno data
Dinesh Bhardwaj
Executive Director1.5yrs₹413.00kno data
Rajeev Kumar
Executive Director2.9yrs₹1.07mno data
Ghyanendra Bajpai
Chairman of Advisory Board9.8yrsno datano data
Sunil Alagh
Vice Chairman of Advisory Boardno datano datano data
Ravi Gupta
Non Executive & Independent Chairman7.4yrsno datano data
Vijay Goel
Independent Non-Executive Director1.5yrsno datano data
Kratika Jain
Independent Non Executive Director5.1yrsno datano data
3.2yrs
Average Tenure
71yo
Average Age

Experienced Board: VIKASECO's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/11 20:04
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vikas Ecotech Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vaishali Kumar ParkarBOB Capital Markets Ltd.
Padmaja AmbekarBOB Capital Markets Ltd.
Anil BurraFirstCall Research