Vikas Wsp Ltd

VIKASWSP

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Market Cap

₹ 25 Cr

P/E

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Performance

STEADY PERFORMER

Valuation

UNDERVALUED

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

LOW RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Vikas WSP Limited is a leading manufacturer of guar gum powder in India, supplying high-quality products primarily to the food industry but also for technical uses like oil drilling and textile printing.

The company has a substantial production capacity of 46,200 MT per annum across all grades of guar gum powder, showcasing its significant operational scale.

Vikas WSP is expanding its capabilities with a planned 4,200 TPA facility for hydroxy propyl guar (HPG) and carboxy methyl hydroxy propyl guar (CMHPG), using internal accrual financing.

As one of the world's largest producers of guar gum, Vikas WSP is launching new eco-friendly products and researching innovative technologies to reduce harmful components.

The company's strategy includes organic farming support and preferential allotment fundraising to finance significant expansion and modernization initiatives.

Sector

Chemicals

Industry

Chemicals - Speciality - Medium / Small

Market Cap

25 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

29.4

PEG Ratio

—

P/B Ratio

0.0

52W High

1.74

52W Low

1.03

Sales CAGR

—

10Y

—

Profit CAGR

18.67%

—

10Y

—

ROE

TTM

-3.46%

-8.82%

-6.71%

10Y

-6.53%

ROCE

TTM

-3.30%

-8.80%

-5.87%

10Y

-3.30%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CRSTCHM	115.10	35 Cr	17.05	4.28	0.87	25.09	33.05	14.91
YUG	30.00	32 Cr	500.00	2.79	0.00	5.18	8.05	0.00
VIKASWSP	1.21	25 Cr	—	0.03	0.00	-3.46	-3.30	-1.86
VIKRAMAR	74.98	23 Cr	—	1.12	0.00	-5.87	-2.27	-3.92
ORGCOAT	23.31	23 Cr	—	0.00	0.00	-169.05	-20.32	-14.99
VSCL	17.55	22 Cr	—	0.00	0.00	148.05	-33.70	-25.32
SAROJA	43.05	17 Cr	16.75	1.10	0.00	7.81	11.27	3.44

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.24	0.23	0.23	0.88	0.28	0.25	0.23	0.84	0.30	0.26
Operating Profit	-0.24	-0.23	-0.23	-0.88	-0.28	-0.25	-0.23	-0.84	-0.30	-0.26
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.06	0.06	0.06	0.07	0.05	0.07	0.07	0.09	0.06	0.05
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	8.54	8.54	8.54	8.54	8.54	8.54	8.54	8.54	8.54	8.54
Profit Before Tax	-8.72	-8.71	-8.71	-9.35	-8.77	-8.73	-8.71	-9.29	-8.78	-8.76
Tax %	0.00	0.00	0.00	94.87	0.00	0.00	0.00	95.59	0.00	0.00
Net Profit	-8.72	-8.71	-8.71	-0.47	-8.77	-8.73	-8.71	-0.41	-8.78	-8.76
EPS in Rs	-0.43	-0.43	-0.43	-0.01	-0.43	-0.43	-0.43	-0.01	-0.43	-0.43

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	573	194	696	800	758	222	23	0.00	0.00	0.00
Expenses	760	214	594	728	700	265	38	2.01	1.58	1.62
Operating Profit	-187	-20	102	72	58	-43	-15	-2.01	-1.58	-1.62
OPM %	-32.57	-10.44	14.65	8.98	7.62	-19.41	-65.39	—	—	—
Other Income	20	4.85	4.88	30	0.00	0.00	-103	0.25	0.25	0.29
Interest	25	45	46	21	4.16	31	37	0.00	0.00	0.00
Depreciation	35	35	35	35	34	34	34	34	34	34
Profit Before Tax	-226	-95	26	46	19	-108	-189	-36	-35	-36
Tax %	-59.00	11.49	-12.52	-1.20	-11.17	-5.66	13.49	8.89	25.00	25.01
Net Profit	-360	-84	29	47	21	-115	-164	-33	-27	-27
EPS in Rs	-17.58	-4.13	1.49	2.26	0.97	-5.38	-7.98	-1.59	-1.30	-1.30
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	14	14	14	19	20	20	20	20	20	20
Reserves	1,409	1,050	965	1,046	1,105	1,125	1,015	852	820	793
Borrowings	184	169	159	182	155	131	106	307	307	307
Other Liabilities	122	309	355	406	390	413	442	345	351	352
Total Liabilities	1,729	1,541	1,493	1,653	1,671	1,689	1,585	1,524	1,498	1,473
Fixed Assets	815	784	749	715	668	634	600	566	532	497
CWIP	11	13	11	11	11	12	12	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	902	744	734	928	991	1,043	973	958	966	975
Total Assets	1,729	1,541	1,493	1,653	1,671	1,689	1,585	1,524	1,498	1,473

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	58	37	5.89	-68	-4.51	25	0.19	-0.95	0.07	0.02
Cash from Investing Activity	-2.68	-4.70	7.80	1.06	24	-0.47	-0.31	0.10	0.00	0.00
Cash from Financing Activity	-56	-32	-14	67	-19	-24	-0.08	0.00	0.00	0.00
Net Cash Flow	-0.51	0.29	-0.13	-0.02	0.21	0.49	-0.20	-0.85	0.07	0.02

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%	14.56%
FIIs	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.02%	0.02%	0.02%	0.02%
Public	85.30%	85.32%	85.32%	85.32%	85.32%	85.32%	85.32%	85.32%	85.42%	85.42%	85.42%	85.42%
Total Shareholders	69,882	69,082	68,142	67,318	66,431	66,064	64,762	63,823	65,064	65,202	64,433	64,215

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
CRSTCHM	115.10	35 Cr	17.05	4.28	0.87	25.09	33.05	14.91
YUG	30.00	32 Cr	500.00	2.79	0.00	5.18	8.05	0.00
VIKASWSP	1.21	25 Cr	—	0.03	0.00	-3.46	-3.30	-1.86
VIKRAMAR	74.98	23 Cr	—	1.12	0.00	-5.87	-2.27	-3.92
ORGCOAT	23.31	23 Cr	—	0.00	0.00	-169.05	-20.32	-14.99
VSCL	17.55	22 Cr	—	0.00	0.00	148.05	-33.70	-25.32
SAROJA	43.05	17 Cr	16.75	1.10	0.00	7.81	11.27	3.44

Overview

Detailed Summary

The company has a substantial production capacity of 46,200 MT per annum across all grades of guar gum powder, showcasing its significant operational scale.

Vikas WSP is expanding its capabilities with a planned 4,200 TPA facility for hydroxy propyl guar (HPG) and carboxy methyl hydroxy propyl guar (CMHPG), using internal accrual financing.

As one of the world's largest producers of guar gum, Vikas WSP is launching new eco-friendly products and researching innovative technologies to reduce harmful components.

The company's strategy includes organic farming support and preferential allotment fundraising to finance significant expansion and modernization initiatives.

Sector

Chemicals

Industry

Chemicals - Speciality - Medium / Small

Market Cap

25 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

29.4

PEG Ratio

—

P/B Ratio

0.0

52W High

1.74

52W Low

1.03

Sales CAGR

—

10Y

—

Profit CAGR

18.67%

—

10Y

—

ROE

TTM

-3.46%

-8.82%

-6.71%

10Y

-6.53%

ROCE

TTM

-3.30%

-8.80%

-5.87%

10Y

-3.30%

Vikas Wsp Ltd

Vikas Wsp Ltd

VIKASWSP

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Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Forecasts

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Price Chart Comparison

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Projection

Actions

Announcements

Documents

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Forecasts

Projection

Vikas Wsp Ltd

VIKASWSP

AI Mode

Announcements

Peers

Price Chart Comparison

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist