Vikas Lifecare Ltd (NSE: VIKASLIFE) Share: The share of small-cap company Vikas Lifecare Ltd is continuously rising. The company’s shares rose by 18% on Tuesday and its price reached Rs 7.92.
There is a big deal behind this rise in shares. Vikas Lifecare Limited said through its BSE filing that it is planning to acquire a 60% stake in Dubai-based SKY 2.0 Club for US $ 79 million (about Rs 650 crore).
In Vikas Lifecare’s BSE filing, this acquisition is scheduled to be completed by the current fiscal year.
What Did The Company’s Spokesperson Say?
In the exchange’s filing, “The acquisition is a share swap deal signed between Vikas Lifecare Limited and the holding company M/s Blue Sky Event Halls FZ-LLC, Dubai for the acquisition of 60% stake in the Sky 2.0 Club business and all the Blue Sky Event Halls FZ-LLC, Dubai.”
Future business ventures in relevant business segments at an enterprise valuation of approximately USD 130 million. This acquisition procedure will be completed in this fiscal year.
Let us tell you that recently Vikas Lifecare informed the stock market about a Joint Venture (JV) business to set up a Smart Meters manufacturing unit with an investment of Rs 108 crore.
The company’s subsidiary Genesis Gas Solutions Private Limited (Genesis) has formed a Joint Venture (JV) with Indraprastha Gas Limited (IGL) in partnership with IGL Genesis Technologies Limited.
Status Of Company’s Shares
Shares of Vikas Lifecare have risen 49.49% in the last month. This stock has gained 138.71% in six months.
The price has increased during this time. its price has risen from Rs 3 up to the current price. This stock has risen 178.20% in five years.
Its 52-week high price is Rs 8.00 and its 52-week low price is Rs 2.66. The market capitalization of the company is 1,125 crore.
Vikas Lifecare is engaged in the production and sale of rubber and polymer compounds & special additives to natural and synthetic rubber. The company has recently entered the B2C segment.
About Vikas Lifecare Ltd
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 | ₹ 1,125 Cr. |
| Current Price | ₹ 7.30 |
| 52-wk High | ₹ 8.00 |
| 52-wk Low | ₹ 2.66 |
| Stock P/E | — |
| Book Value | ₹ 2.45 |
| Dividend | 0.00 % |
| ROCE | -6.65 % |
| ROE | -5.93 % |
| Face Value | ₹ 1.00 |
| P/B Value | 2.98 |
| 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 | |
| Dec 2022 | 11.35% |
| Mar 2023 | 11.35% |
| June 2023 | 11.40% |
| Sept 2023 | 11.40% |
| Dec 2023 | 11.40% |
| FII Holding | |
| Dec 2022 | 8.07% |
| Mar 2023 | 0.33% |
| June 2023 | 0.02% |
| Sept 2023 | 0.02% |
| Dec 2023 | 0.02% |
| Govt. Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.00% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 80.56% |
| Mar 2023 | 80.30% |
| June 2023 | 88.59% |
| Sept 2023 | 88.59% |
| Dec 2023 | 88.58% |
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 Last 5 Years’ Sales:
| 2021 | ₹ 75 Cr |
| 2022 | ₹ 301 Cr |
| 2023 | ₹ 467 Cr |
Last 5 Years’ Net Profit:
| 2021 | ₹ -4 Cr |
| 2022 | ₹ 29 Cr |
| 2023 | ₹ -1 Cr |
Last 5 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.
Company’s Negative Signs:
- This company boasts a low-interest coverage ratio.
- The company’s promoter holdings are very low, at 11.4 percent.
- The company’s percentage of promoters holding shares has declined to -42.1% over the three seasons
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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