This Micro-Cap company has received fresh orders worth Rs 9 crores!
The Company is primarily engaged in the business of manufacturing Specialty Chemicals focused on Additives and Specialty Polymer Compounds.
New orders totaling Rs 9 crore have been received by Vikas Ecotech for its Specialty Polymer Compounds Division. The sales of speciality compounds in the first quarter of the current fiscal year have reached Rs 19.7 crore, and the goal for the current quarter is Rs 28.5 crore, which is 9% more than in the same period last year.
The company has taken a novel step by establishing Personalised & Localised Technical Services Teams for the specific geographic areas with dense concentrations of consumers / customers of the Niche, High Quality Materials developed in-house by the Company, beginning with the Northern Indian Region, where the majority of the sales of the Specialty Compounds and Speciality Chemicals Business Divisions originate for the company.
The scrip opened today at Rs 3.47 and touched the day high and low of Rs 3.56 and Rs 3.35, respectively. Its 52-week high stood at Rs 4.15, whereas its 52-week low was Rs 2.38. The current market cap of the company is Rs 319.67 crore. Promoters hold 9.32 per cent, whereas the Institutional and non-institutional holding are 0.03 per cent and 90.64 per cent respectively.
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Vikas Ecotech is a rising star in the competitive world of high-end speciality chemical manufacturers. They have a strong commitment to satisfying customer needs and providing the world with products that are cutting-edge technologically and environmentally. In order to create a product-solution combination that gives a higher value proposition to their clients across industries, their incremental innovation engine makes improvements to both technology and processes.