New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (₹2.07b market cap, or US$22.4m). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹1.19, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total loss to shareholders of 56% over the past three years. Reported Earnings • Feb 09
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: ₹687.2m (down 19% from 3Q 2025). Net loss: ₹16.6m (loss widened 199% from 3Q 2025). Duyuru • Jan 30
Vikas Ecotech Limited to Report Q3, 2026 Results on Feb 05, 2026 Vikas Ecotech Limited announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (₹2.25b market cap, or US$24.9m). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.017 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.01 (down from ₹0.017 in 2Q 2025). Revenue: ₹668.2m (down 25% from 2Q 2025). Net income: ₹17.5m (down 39% from 2Q 2025). Profit margin: 2.6% (down from 3.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Duyuru • Nov 11
Vikas Ecotech Limited to Report Q2, 2026 Results on Nov 14, 2025 Vikas Ecotech Limited announced that they will report Q2, 2026 results at 9:15 AM, Indian Standard Time on Nov 14, 2025 Duyuru • Sep 03
Vikas Ecotech Limited, Annual General Meeting, Sep 29, 2025 Vikas Ecotech Limited, Annual General Meeting, Sep 29, 2025, at 16:30 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.02 (vs ₹0.07 in 1Q 2025) First quarter 2026 results: EPS: ₹0.02 (down from ₹0.07 in 1Q 2025). Revenue: ₹1.05b (up 3.5% from 1Q 2025). Net income: ₹23.7m (down 77% from 1Q 2025). Profit margin: 2.3% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Duyuru • Aug 09
Vikas Ecotech Limited to Report Q1, 2026 Results on Aug 13, 2025 Vikas Ecotech Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 30
Full year 2025 earnings released: EPS: ₹0.10 (vs ₹0.056 in FY 2024) Full year 2025 results: EPS: ₹0.10 (up from ₹0.056 in FY 2024). Revenue: ₹3.84b (up 48% from FY 2024). Net income: ₹169.8m (up 148% from FY 2024). Profit margin: 4.4% (up from 2.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • May 24
Vikas Ecotech Limited to Report Q4, 2025 Results on May 29, 2025 Vikas Ecotech Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 29, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: ₹0.003 loss per share (vs ₹0.011 profit in 3Q 2024) Third quarter 2025 results: ₹0.003 loss per share (down from ₹0.011 profit in 3Q 2024). Revenue: ₹862.6m (up 26% from 3Q 2024). Net loss: ₹5.54m (down 145% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to ₹2.78. The fair value is estimated to be ₹3.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Feb 10
Vikas Ecotech Limited to Report Q3, 2025 Results on Feb 14, 2025 Vikas Ecotech Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.016 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.01. Revenue: ₹902.3m (up 49% from 2Q 2024). Net income: ₹28.5m (up 62% from 2Q 2024). Profit margin: 3.2% (up from 2.9% in 2Q 2024). The increase in margin was driven by higher revenue. Duyuru • Nov 12
Vikas Ecotech Limited to Report Q2, 2025 Results on Nov 14, 2024 Vikas Ecotech Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Duyuru • Oct 04
Vikas Ecotech Limited Announces Resignation of Amit Dhuria as Chief Financial Officer, Effective October 15, 2024 Vikas Ecotech Limited announced that Mr. Amit Dhuria has tendered his resignation from the post of Chief Financial Officer (CFO) of the Company with effect from October 15, 2024 due to reshuffling of resources among Group. The Company is in the process of appointing a new Chief Financial Officer and the same will be communicated to the Stock Exchange in due course. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (₹6.51b market cap, or US$77.6m). Duyuru • Sep 11
Vikas Ecotech Limited, Annual General Meeting, Sep 30, 2024 Vikas Ecotech Limited, Annual General Meeting, Sep 30, 2024, at 16:30 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹0.07 (vs ₹0.01 in 1Q 2024) First quarter 2025 results: EPS: ₹0.07 (up from ₹0.01 in 1Q 2024). Revenue: ₹1.15b (up 95% from 1Q 2024). Net income: ₹103.8m (up ₹88.3m from 1Q 2024). Profit margin: 9.0% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 27
Vikas Ecotech Limited to Report Q1, 2025 Results on Jul 31, 2024 Vikas Ecotech Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 23
Full year 2024 earnings released: EPS: ₹0.06 (vs ₹0.10 in FY 2023) Full year 2024 results: EPS: ₹0.06 (down from ₹0.10 in FY 2023). Revenue: ₹2.62b (down 35% from FY 2023). Net income: ₹68.5m (down 28% from FY 2023). Profit margin: 2.6% (up from 2.4% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • May 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 86% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₹6.99b market cap, or US$83.9m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹3.46, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 28x in the Chemicals industry in India. Total returns to shareholders of 135% over the past three years. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (₹6.47b market cap, or US$77.9m). Reported Earnings • Feb 11
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₹687.6m (down 38% from 3Q 2023). Net income: ₹12.3m (down 55% from 3Q 2023). Profit margin: 1.8% (down from 2.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 31
Vikas Ecotech Limited to Report Q3, 2024 Results on Feb 09, 2024 Vikas Ecotech Limited announced that they will report Q3, 2024 results on Feb 09, 2024 Duyuru • Jan 25
Vikas Ecotech Limited (BSE:530961) agreed to acquire Shamli Steels Private Limited for INR 1600 million. Vikas Ecotech Limited (BSE:530961) agreed to acquire Shamli Steels Private Limited for INR 1600 million on January 23, 2024. The consideration consists of INR 1600 million in common equity. As part of the consideration, INR 1600 million was paid towards common equity. The transaction is expected to close in the financial year 2023-2024. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4.33, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3.83, the stock trades at a trailing P/E ratio of 67.8x. Average trailing P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 46% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₹604.9m (down 55% from 2Q 2023). Net income: ₹17.7m (down 50% from 2Q 2023). Profit margin: 2.9% (up from 2.6% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Nov 02
Vikas Ecotech Limited announced that it has received INR 85 million in funding On November 1, 2023, Vikas Ecotech Limited, closed the transaction. The transaction has been approved by the shareholders of the company. Duyuru • Sep 14
Vikas Ecotech Limited has completed a Follow-on Equity Offering in the amount of INR 499.968 million. Vikas Ecotech Limited has completed a Follow-on Equity Offering in the amount of INR 499.968 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 161,280,000
Price\Range: INR 3.1
Transaction Features: Regulation S; Subsequent Direct Listing Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹3.87, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 28x in the Chemicals industry in India. Total loss to shareholders of 4.3% over the past three years. Duyuru • Sep 01
Vikas Ecotech Limited, Annual General Meeting, Sep 29, 2023 Vikas Ecotech Limited, Annual General Meeting, Sep 29, 2023. Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: ₹0.01 (vs ₹0.02 in 1Q 2023) First quarter 2024 results: EPS: ₹0.01. Revenue: ₹589.0m (down 34% from 1Q 2023). Net income: ₹15.5m (up 6.1% from 1Q 2023). Profit margin: 2.6% (up from 1.6% in 1Q 2023). The increase in margin was driven by lower expenses. Duyuru • Aug 04
Vikas Ecotech Limited to Report Q1, 2024 Results on Aug 10, 2023 Vikas Ecotech Limited announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₹3.84b market cap, or US$46.9m). New Risk • Jun 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (₹4.14b market cap, or US$50.3m). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₹3.67, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 22x in the Chemicals industry in India. Total returns to shareholders of 35% over the past three years. Duyuru • Jun 14
Vikas Ecotech Limited has completed a Follow-on Equity Offering in the amount of INR 499.8 million. Vikas Ecotech Limited has completed a Follow-on Equity Offering in the amount of INR 499.8 million.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 178,500,000
Price\Range: INR 2.8
Transaction Features: Regulation S; Subsequent Direct Listing Reported Earnings • May 14
Full year 2023 earnings released: EPS: ₹0.10 (vs ₹0.015 in FY 2022) Full year 2023 results: EPS: ₹0.10 (up from ₹0.015 in FY 2022). Revenue: ₹4.06b (up 62% from FY 2022). Net income: ₹95.3m (up ₹81.3m from FY 2022). Profit margin: 2.3% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • May 07
Vikas Ecotech Limited to Report Q4, 2023 Results on May 13, 2023 Vikas Ecotech Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 13, 2023 Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹3.35, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2.88, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 330% over the past three years. Reported Earnings • Jan 31
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₹1.12b (up 48% from 3Q 2022). Net income: ₹27.4m (down 20% from 3Q 2022). Profit margin: 2.4% (down from 4.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 24
Vikas Ecotech Limited to Report Q3, 2023 Results on Jan 30, 2023 Vikas Ecotech Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹3.04, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 68% over the past three years. Reported Earnings • Oct 21
Second quarter 2023 earnings released: EPS: ₹0.05 (vs ₹0.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.05 (up from ₹0.01 in 2Q 2022). Revenue: ₹1.35b (up 79% from 2Q 2022). Net income: ₹35.4m (up 447% from 2Q 2022). Profit margin: 2.6% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Duyuru • Oct 14
Vikas Ecotech Limited to Report Q2, 2023 Results on Oct 19, 2022 Vikas Ecotech Limited announced that they will report Q2, 2023 results on Oct 19, 2022 Duyuru • Sep 04
Vikas EcoTech Limited, Annual General Meeting, Sep 29, 2022 Vikas EcoTech Limited, Annual General Meeting, Sep 29, 2022. Reported Earnings • Jul 23
First quarter 2023 earnings released: EPS: ₹0.02 (vs ₹0.14 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.02 (up from ₹0.14 loss in 1Q 2022). Revenue: ₹891.4m (up 383% from 1Q 2022). Net income: ₹14.6m (up ₹53.9m from 1Q 2022). Profit margin: 1.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • Jul 17
Vikas EcoTech Limited to Report Q1, 2023 Results on Jul 22, 2022 Vikas EcoTech Limited announced that they will report Q1, 2023 results on Jul 22, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Non Executive Director Kratika Godika was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 26
Vikas EcoTech Limited Announces Resignation of Suresh Kumar Dhingra as Director Vikas EcoTech Limited announced that Mr. Suresh Kumar Dhingra has resigned from the post of Whole-Time Director of the Company with effect from April 25, 2022. Recent Insider Transactions • Apr 02
MD & Executive Director recently sold ₹35m worth of stock On the 25th of March, Vikas Garg sold around 6m shares on-market at roughly ₹5.48 per share. In the last 3 months, they made an even bigger sale worth ₹80m. Vikas has been a seller over the last 12 months, reducing personal holdings by ₹114m. Recent Insider Transactions • Feb 02
MD & Executive Director recently sold ₹80m worth of stock On the 28th of January, Vikas Garg sold around 13m shares on-market at roughly ₹6.33 per share. This was the largest sale by an insider in the last 3 months. This was Vikas' only on-market trade for the last 12 months. Board Change • Jan 01
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Additional Independent Non Executive Director Kratika Godika was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Is New 90 Day High Low • Feb 20
New 90-day low: ₹2.48 The company is down 58% from its price of ₹5.87 on 20 November 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. Executive Departure • Feb 05
Additional Independent Non-Executive Director has left the company On the 30th of January, Reena Sharma's tenure as Additional Independent Non-Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under Reena's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Feb 04
New 90-day low: ₹2.69 The company is down 44% from its price of ₹4.79 on 05 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. Duyuru • Jan 31
Reena Sharma Has Resigns Independent Director of Vikas EcoTech Limited Vikas EcoTech Limited announced that Ms. Reena Sharma has resigned from the post of Independent Director of the Company with effect from January 30, 2021. Duyuru • Jan 19
Vikas EcoTech Limited to Report Q3, 2021 Results on Jan 23, 2021 Vikas EcoTech Limited announced that they will report Q3, 2021 results on Jan 23, 2021 Is New 90 Day High Low • Jan 08
New 90-day low: ₹3.86 The company is down 8.0% from its price of ₹4.20 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: ₹4.02 The company is down 35% from its price of ₹6.17 on 23 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 16% over the same period. Recent Insider Transactions • Dec 03
MD & Executive Director recently sold ₹60m worth of stock On the 25th of November, Vikas Garg sold around 12m shares on-market at roughly ₹5.26 per share. This was the largest sale by an insider in the last 3 months. This was Vikas' only on-market trade for the last 12 months. Recent Insider Transactions • Nov 14
Insider recently sold ₹11m worth of stock On the 11th of November, Nand Garg sold around 2m shares on-market at roughly ₹4.70 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Jul 31
Vikas EcoTech Limited to Report Fiscal Year 2020 Results on Jul 31, 2020 Vikas EcoTech Limited announced that they will report fiscal year 2020 results on Jul 31, 2020 Duyuru • Jun 20
Vikas EcoTech Limited Announces Impact of COVID-19 Pandemic Vikas EcoTech Limited announced that the Company's manufacturing facilities remained closed from March 22, 2020, due to lockdown and resumed operation at its plant situated at G-24 to 30, F-7, F-8, Vigyan Nagar, RIICO Industrial Area, Shahjahanpur, Alwar, Rajasthan 301706 effective, April 11, 2020 (with the permission of Government of Rajasthan), which has impacted its operations during March, 2020 and April, 2020 partially. The Company has partially resumed operations of administrative/corporate office from May 18, 2020, and fully resumed from its operations from June 3, 2020 adhering to the safety norms prescribed by Government of India and State Government policies framed for dispatches, production and operations. 
