Past 10 year’s financial track record analysis by Moneyworks4me indicates that Vikas WSP Ltd is a below average quality company.
The key valuation ratios of Vikas WSP Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vikas WSP Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 39.7% | 2.4% | 2.7% | -14.1% | -4.2% | 6.1% | 5.4% | 1.8% | -6.4% | -13% | - |
| Value Creation Index ⓘ | 1.8 | -0.8 | -0.8 | -2.0 | -1.3 | -0.6 | -0.6 | -0.9 | -1.5 | -1.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,906 | 1,037 | 786 | 573 | 194 | 696 | 800 | 758 | 222 | 23.1 | 0 |
| Sales YoY Gr. | - | -64.3% | -24.2% | -27.1% | -66.2% | 259.7% | 14.9% | -5.3% | -70.8% | -89.6% | - |
| Adj EPS ⓘ | 25.7 | 0.1 | -4.3 | -27.2 | -6 | 1.5 | 1.3 | 1 | -5.6 | -4.5 | -1.3 |
| YoY Gr. | - | -99.5% | -3369.2% | NA | NA | NA | -14.3% | -17.5% | -638.5% | NA | - |
| BVPS (₹) ⓘ | 101.7 | 103.1 | 103.5 | 77.4 | 71.2 | 54.8 | 55 | 56 | 50.7 | 42.7 | 39.4 |
| Adj Net Profit ⓘ | 354 | 1.7 | -58.4 | -373 | -82.9 | 28.5 | 25.8 | 21.4 | -115 | -91.7 | -27 |
| Cash Flow from Ops. ⓘ | 8.6 | -43.3 | 57.9 | 37.1 | 5.9 | -67.6 | -4.5 | 24.8 | 0.2 | -1 | - |
| Debt/CF from Ops. ⓘ | 19.3 | -5 | 3.2 | 4.6 | 27.1 | -2.7 | -34.4 | 5.5 | 564.6 | -324.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -41.6% | -34.6% | -69.3% | -89.6% | ||||
| Adj EPS ⓘ | -182.4% | NA | -252.7% | NA | ||||
| BVPSⓘ | -9.2% | -9.7% | -8.1% | -15.8% | ||||
| Share Price | -20.7% | -27.1% | -14% | 27.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 28.7 | 0.1 | -4.1 | -30 | -8.1 | 2.8 | 2.4 | 1.9 | -10.5 | -9.6 | -3.2 |
| Op. Profit Mgn % ⓘ | 20.5 | 7.6 | -2.2 | -32.3 | -6.9 | 15.3 | 9 | 7.6 | -19.4 | -59.4 | NAN |
| Net Profit Mgn % ⓘ | 12.2 | 0.2 | -7.4 | -65.2 | -42.8 | 4.1 | 3.2 | 2.8 | -51.7 | -397.2 | -INF |
| Debt to Equity ⓘ | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.4 | - |
| Working Cap Days ⓘ | 111 | 378 | 426 | 523 | 1,391 | 435 | 437 | 490 | 1,660 | 15,043 | 0 |
| Cash Conv. Cycle ⓘ | 30 | 103 | 156 | 212 | 562 | 175 | 216 | 272 | 981 | 9,138 | 0 |
No data to display
Return on Equity is Poor
Sales growth has been subdued in last 3 years -69.32%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.3 | - |
| TTM Sales (₹ Cr.) | 0 | - |
| BVPS (₹.) ⓘ | 39.4 | - |
| Reserves (₹ Cr.) ⓘ | 784 | - |
| P/BV ⓘ | 0.05 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1.17 / 2.15 |
| All Time Low / High (₹) | 0.96 / 153.90 |
| Market Cap (₹ Cr.) | 41.3 |
| Equity (₹ Cr.) | 20.4 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 | 56.92 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,906.36 | 1,036.51 | 786.11 | 572.94 | 193.59 | 696.28 | 799.98 | 757.63 | 221.61 | 23.10 |
| Operating Expenses ⓘ | 2,322.59 | 958.07 | 803.55 | 758.24 | 213.08 | 594.18 | 727.74 | 699.79 | 264.60 | 36.81 |
| Manufacturing Costs | 76.05 | 53.79 | 30.45 | 14.48 | 14.71 | 8.50 | 4.02 | 2.49 | 5.27 | 2.16 |
| Material Costs | 2,187.60 | 854.69 | 732.79 | 699.63 | 172.93 | 559.48 | 686.03 | 673.91 | 236.77 | 32.49 |
| Employee Cost | 11.69 | 15.95 | 15.58 | 15.14 | 16.90 | 18.83 | 35.03 | 21.67 | 8.50 | 1.41 |
| Other Costs ⓘ | 47.25 | 33.64 | 24.73 | 28.98 | 8.54 | 7.37 | 2.66 | 1.72 | 14.06 | 0.75 |
| Operating Profit ⓘ | 583.76 | 78.44 | -17.44 | -185.30 | -19.49 | 102.10 | 72.24 | 57.84 | -42.98 | -13.71 |
| Operating Profit Margin (%) | 20.1% | 7.6% | -2.2% | -32.3% | -10.1% | 14.7% | 9.0% | 7.6% | -19.4% | -59.4% |
| Other Income ⓘ | 5.65 | 5.36 | 5.85 | 20.48 | 4.85 | 4.88 | 30.17 | 0 | 0 | 0 |
| Interest ⓘ | 26.82 | 33.03 | 33.34 | 26.32 | 45.56 | 46.54 | 21.50 | 4.28 | 31.03 | 38.61 |
| Depreciation ⓘ | 45.44 | 45.83 | 34.66 | 35.02 | 34.70 | 34.71 | 34.54 | 34.35 | 34.37 | 34.16 |
| Exceptional Items ⓘ | 0 | 0 | 89.46 | 0 | 0 | 0 | 0 | 0 | 0 | -102.56 |
| Profit Before Tax ⓘ | 517.16 | 4.94 | 9.88 | -226.15 | -94.90 | 25.74 | 46.37 | 19.20 | -108.39 | -189.04 |
| Tax ⓘ | 172.63 | 1.91 | 3.33 | 133.42 | -10.91 | -3.22 | -0.56 | -2.14 | 6.13 | -25.51 |
| Profit After Tax | 344.53 | 3.03 | 6.55 | -359.57 | -84 | 28.96 | 46.92 | 21.35 | -114.52 | -163.53 |
| PAT Margin (%) | 11.9% | 0.3% | 0.8% | -62.8% | -43.4% | 4.2% | 5.9% | 2.8% | -51.7% | -708.0% |
| Adjusted EPS (₹) | 25.1 | 0.2 | 0.5 | -26.2 | -6.1 | 1.5 | 2.3 | 1.0 | -5.6 | -8.0 |
| Dividend Payout Ratio (%) | 4% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,397.22 | 1,416.34 | 1,422.79 | 1,063.44 | 979.13 | 1,065.08 | 1,125.17 | 1,145.07 | 1,035.72 | 872.54 |
| Share Capital ⓘ | 13.74 | 13.74 | 13.74 | 13.74 | 13.74 | 19.44 | 20.44 | 20.44 | 20.44 | 20.44 |
| Reserves ⓘ | 1,383.48 | 1,402.59 | 1,409.05 | 1,049.70 | 965.38 | 1,045.64 | 1,104.73 | 1,124.63 | 1,015.27 | 852.10 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 149.88 | 210.26 | 184.09 | 168.74 | 159.19 | 181.64 | 155.29 | 135.65 | 106.38 | 306.67 |
| Long Term Debt | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 145.88 | 210.26 | 184.09 | 168.74 | 159.19 | 181.64 | 155.29 | 135.65 | 106.38 | 306.67 |
| Trade Payables | 267.49 | 110.65 | 64.84 | 114.33 | 117.04 | 128.46 | 90.23 | 77.28 | 49.49 | 45.98 |
| Others Liabilities ⓘ | 330.81 | 57.73 | 56.78 | 194.67 | 238.03 | 277.95 | 299.92 | 333.75 | 392.95 | 272.86 |
| Total Liabilities ⓘ | 2,145.41 | 1,794.98 | 1,728.50 | 1,541.18 | 1,493.38 | 1,653.14 | 1,670.61 | 1,691.75 | 1,584.53 | 1,498.06 |
Fixed Assets | ||||||||||
| Gross Block | 1,161.47 | 1,163.04 | 1,171.47 | 1,174.47 | 1,173.61 | 1,174.20 | 1,162.59 | 1,162.59 | 1,162.90 | 1,162.80 |
| Accumulated Depreciation | 275.53 | 321.36 | 356.10 | 390.21 | 424.91 | 459.62 | 494.16 | 528.52 | 562.89 | 597.05 |
| Net Fixed Assetsⓘ | 885.94 | 841.68 | 815.36 | 784.26 | 748.70 | 714.58 | 668.43 | 634.07 | 600.01 | 565.75 |
| CWIP ⓘ | 12.74 | 17.47 | 11.14 | 12.79 | 10.53 | 10.53 | 11.09 | 11.56 | 11.56 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 375.45 | 252.14 | 204.57 | 108.76 | 84.64 | 99.11 | 101 | 73.03 | 36.03 | 2.07 |
| Trade Receivables | 216.37 | 177.37 | 207.80 | 281.92 | 309.61 | 450.53 | 525.25 | 605.61 | 575.21 | 575.13 |
| Cash Equivalents | 32.44 | 1.51 | 2 | 1.29 | 1.16 | 1.14 | 1.35 | 1.84 | 1.24 | 0.39 |
| Others Assetsⓘ | 622.47 | 504.80 | 487.64 | 352.16 | 338.75 | 377.26 | 363.49 | 365.63 | 360.48 | 354.71 |
| Total Assets ⓘ | 2,145.41 | 1,794.98 | 1,728.50 | 1,541.18 | 1,493.38 | 1,653.14 | 1,670.61 | 1,691.75 | 1,584.53 | 1,498.06 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 8.60 | -43.27 | 57.92 | 37.11 | 5.89 | -67.62 | -4.51 | 24.77 | 0.19 | -0.95 |
| PBT ⓘ | 517.16 | 4.94 | -79.59 | -226.15 | -94.90 | 25.74 | 46.37 | 19.20 | -108.39 | -189.04 |
| Adjustment ⓘ | 69.50 | 77.05 | 65.94 | 60.66 | 80.85 | 80.50 | 27.69 | 40.66 | 30.12 | 45.90 |
| Changes in Working Capital ⓘ | -511.38 | -41.31 | -93.4 | 201.45 | 21.87 | -173.84 | -78.57 | -35.1 | 78.46 | 142.2 |
| Tax Paid ⓘ | -66.69 | -83.95 | -0.21 | 1.15 | -1.93 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -32.63 | 0.72 | -2.68 | -4.70 | 7.80 | 1.06 | 23.54 | -0.47 | -0.31 | 0.10 |
| Capex | -33.74 | -6.31 | -2.09 | -5.97 | 7.76 | 0.59 | 23.50 | -0.47 | -0.31 | 0.10 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 1.11 | 7.04 | -0.59 | 1.27 | 0.03 | 0.47 | 0.04 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 14.30 | 17.62 | -55.75 | -32.12 | -13.81 | 66.54 | -18.81 | -23.81 | -0.08 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 68 | 11.81 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -16 | -14.80 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -26.41 | -31.96 | -31.90 | -16.77 | -4.27 | -7.21 | -4.28 | -4.16 | -0.08 | 0 |
| Dividend Paid ⓘ | -13.74 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 70.46 | 64.38 | -23.86 | -15.35 | -9.54 | 5.74 | -26.35 | -19.64 | 0 | 0 |
| Net Cash Flow ⓘ | -9.73 | -24.92 | -0.51 | 0.29 | -0.13 | -0.02 | 0.21 | 0.49 | -0.20 | -0.85 |
| PARTICULARS | Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.94 | 0.22 | 0.46 | -28.92 | -8.22 | 2.83 | 4.28 | 1.88 | -10.5 | -17.14 |
| ROCE (%) | 39.69 | 2.38 | 2.67 | -14.08 | -4.16 | 6.06 | 5.37 | 1.83 | -6.39 | -12.96 |
| Asset Turnover Ratio | 1.59 | 0.53 | 0.45 | 0.35 | 0.13 | 0.44 | 0.48 | 0.45 | 0.14 | 0.01 |
| PAT to CFO Conversion(x) | 0.02 | -14.28 | 8.84 | N/A | N/A | -2.33 | -0.1 | 1.16 | N/A | N/A | Working Capital Days |
| Receivable Days | 21 | 69 | 89 | 156 | 558 | 199 | 223 | 272 | 972 | 9,090 |
| Inventory Days | 40 | 110 | 106 | 100 | 182 | 48 | 46 | 42 | 90 | 301 |
| Payable Days | 34 | 81 | 44 | 47 | 244 | 80 | 58 | 45 | 98 | 536 |
The company Vikas WSP Limited was established in 1998. It is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products. Besides food, the company also offers guar gum for technical applications such as pet food, oil drilling, textile printing, mining paper, etc. Annual production capacity of all grades of guar gum powder is 39900 MT. The company is committed to provide better products in a timely and efficient manner.
Guar gum powder (seed gum) is predominantly guar glactomannan obtained from the endosperm of guar seed the legume cyamopsis tetragonolobus -- an annual plant of the arid and semi-arid regions of the Indian subcontinent.
Vikas WSP is the world’s leading and India’s largest manufacturer and exporter of guar gum powder (GGP). The company started to meet out growing global demand of GGP by establishing two 100% export oriented units at Sriganganagar (Rajasthan). The company has encouraged guar cultivation locally, which was hitherto considered a neglected crop.
By developing guar gum tailoring techniques for food and industrials applications, Vikas WSP Ltd, has achieved international recognition. The company supplies guar products to food manufacturers in almost all the continents. With commitment to manufacture excellent food grade GGP, the company has established well-equipped laboratory including microbiological testing facility. The company has also implemented international QC systems such as ISO– 9001: 2000 Quality Management System, HACCP based Food Safety System September 2002 and follow guidelines for Good Manufacturing Practices (GMP), Vikas WSP Ltd. has the privilege to be the world’s dominating food grade GGP producer who has implemented HACCP – Food Safety System. Company has also awarded Three Star Export House by NOIDA Export Processing Zone, Ministry of Commerce & Industry.
Besides food applications, Vikas WSP also manufactures guar gum products for highly specified applications such as oil and natural gas exploration, explosives and mining. The company has achieved the status of most preferred supplier, among the international buyers and is categorized as an excellent vendor by the customers while conducting QC audits/ inspections. The company is committed to maintain and enhance the faith of its present and prospective customers.
Product Variety:
The company is engaged in production of Food Grade Guar Gum Powder
All the units producing food grade guar gum comply with requirement, applicable as per WHO good manufacturing practice guidelines. Utmost attention is given to factory landscaping , overall landscaping, overall cleanliness, plant hygiene and sanitation. before putting into use for production, batchwise potability of water is ensured as per WHO standards.
Guar Gum produced by the company are used in :
Certification:
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