Vikas Lifecare Ltd (NSE: VIKASLIFE): Vikas Life Care shares were also trading with a slight decline at Rs 7.20 on Friday.
Vikas Life Care Limited has a market capitalization of Rs 1,102 crore. Its shares have a high of Rs 8 in the past 52 weeks and a low of Rs 2.50.
Vikas Limited shares have returned 200 percent from a 52-week low.
Vikas Life Care Limited informed the stock exchange that its Board of Directors met on 8th February and entered into an agreement to purchase a company with Vikas Garg, Advik Capital Limited.
Vikas Life Care Limited will buy 75 lakh shares or 33.26 percent stake in Industrial Investment Trust Limited.
Vikas Life Care Limited agreed to buy a 33.26 percent stake in Industrial Investment Trust Limited.
IITL owns 71.74 percent of ITL Projects Limited. Vikas Lifecare Limited said it would make an open bid by SEBI rules to purchase a stake in IITL or IITL Projects Limited.
Industrial Investment Trust Limited has a capital authorized of 35 crore rupees and 3 crore shares at Rs 10 each. 50 lakh preference shares also are available.
Vikas Life Care Limited recently changed the leadership in the company. According to the corporate management structure, the company has decided that it will hand over control of the company’s operations to a newly formed team.
Vikas Life Care LLC, with a capital authorized of 10 lakh AED, will be established in the UAE. The company will issue 1000 shares for 1000 AED each.
About Vikas Lifecare Ltd Company
Vikas Lifecare Limited was originally established in the form of Vikas Multicorp Limited in the year 1995.
It changed the name of its company from Vikas Multicorp Limited to Vikas Lifecare Limited through the passage of the special Resolution Certificate of Incorporation issued by the Registrar of Companies on April 9th, 2021.
It is a major supplier of top specialty chemicals to clients across the world. The company is in the field that recycles plastic waste, trading polymer compounds and producing polymer compounds.
The company is split into two main segments, including Recycling materials as well as trading Polymer Compounds.
It’s involved in the trade of a variety of chemicals, polymers, PVC resins Plastic granules, and things that relate to the industry of plastic.
Fundamental Analysis of Vikas Lifecare Ltd
| Market Cap | ₹ 1,102 Cr. |
| Current Price | ₹ 7.20 |
| 52-wk High | ₹ 8 |
| 52-wk Low | ₹ 2.70 |
| Stock P/E | — |
| Book Value | ₹ 2.45 |
| Dividend | 0.00 % |
| ROCE | -6.65 % |
| ROE | -5.93 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.94 |
| OPM | 2.36 % |
| EPS | ₹ -0.01 |
| Debt | ₹ 25.5 Cr. |
| Debt to Equity | 0.07 |
Vikas Lifecare Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹8 | ₹12 |
| 2025 | ₹14 | ₹16 |
| 2026 | ₹17 | ₹19 |
| 2027 | ₹23 | ₹25 |
| 2028 | ₹28 | ₹44 |
| 2029 | ₹47 | ₹53 |
| 2030 | ₹55 | ₹65 |
Vikas Lifecare Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 11.35% |
| June 2023 | 11.40% |
| Sept 2023 | 11.40% |
| Dec 2023 | 11.40% |
| Jan 2024 | 10.63% |
| FII Holding | |
| Mar 2023 | 0.33% |
| June 2023 | 0.02% |
| Sept 2023 | 0.02% |
| Dec 2023 | 0.02% |
| Jan 2024 | 6.78% |
| Govt. Holding | |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Jan 2024 | 0.00% |
| Public Holding | |
| Mar 2023 | 80.30% |
| June 2023 | 88.59% |
| Sept 2023 | 88.59% |
| Dec 2023 | 88.58% |
| Jan 2024 | 82.59% |
Vikas Lifecare Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 3 Years’ Sales:
| 2021 | ₹ 75 Cr |
| 2022 | ₹ 301 Cr |
| 2023 | ₹ 467 Cr |
Last 3 Years’ Net Profit:
| 2021 | ₹ -4 Cr |
| 2022 | ₹ 29 Cr |
| 2023 | ₹ -1 Cr |
Last 3 Years’ Debt-To-Equity Ratio:
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | -106% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Last Year: | -6% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | — |
| Current Year: | 8% |
Company’s Positive Signs:
- The company has no debt.
- Debtor days of the company have increased from 176 days to 130 days.
- The working capital requirements of the company have been reduced by a factor of 178 days to 101 days.
Company’s Negative Signs:
- This company boasts a low-interest coverage ratio.
- The company’s promoter holdings are very low, at 10.6 percent.
- The company’s percentage of promoters holding shares has declined to -0.77% over the last quarter.
- The company’s stock is trading at 2.87 times book value.
Conclusion
This article is a complete guide about Vikas Lifecare Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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