Vikas Ecotech is a publicly listed company which manufactures high-end specialty chemicals. The New Delhi-based company has manufacturing plants at Shahjahanpur in Rajasthan which produces specialty chemical additives, specialty polymer compounds and other chemicals. It is widely known for its branded products under Tinmate, Veeprene TPR compound, Thermate and Veeprene. It exports products to more than 20 countries in four continents.
The company started its journey in 1984 as a non-banking finance company under the name Vikas Global One. The company listed on NSE and BSE in 1995. From the NBFC segment, it diversified into the trading and distribution business of petrochemical and petrochemical products in 1998.
In 2008, it entered into the manufacturing of petrochemical products through backward integration. The company set up two units in Jammu for TPR Compounds and Organotin Stabilizers. It also set up a production facility for ground calcium carbonate in Rajasthan. The company in 2008 also changed its name to Vikas Globalone Ltd.
The company rebranded itself as Vikas Ecotech Ltd in 2015 as it wanted to focus on eco-friendly specialty chemicals. Its specialty polymers & specialty additives and chemicals are used in wide applications in agriculture, packaging, infrastructure, footwear, electrical, automotive, pharmaceuticals, medical devices and components and other consumer goods.
Vikas Ecotech also manufactures a product-solution mix that has applications across industries. It is also the only manufacturer of Organotin, a heat stabiliser for vinyl applications, in lndia.
Vikas Ecotech has entered into new business segments that include Infrastructure Products, Pipe Fittings, Mdpe Pipes For Gas Applications.
Business operations
Specialty Additives
Vikas Ecotech produces specialty chemicals such as organotin stabilisers, dimethyl tin dichloride, plasticizers, chlorinated paraffin, flame retardants and chlorinated polyethylene.
According to its annual report, the international specialty additives market was around $627.7 billion in 2020. After a blip due to Covid-19, the global market declined by 2.8% in 2020. But the market is projected to grow to USD 881.5 billion in 2028 at a CAGR of 4.7%.
The infra and energy products reported revenue of ₹254.91 crore in FY23 against ₹110.33 crore in FY22. The company’s chemical, polymers & special additives segment reported revenue of ₹147.74 crore in FY23 while it was ₹139.28 crore in FY22.
Polymer Compounds
The company is a leading manufacturer of specialty rubber-plastic and polymer compounds globally. The product range includes thermoplastic rubber, thermoplastic elastomer and ethylene vinyl acetate compounds. Its ability to produce custom polymer compounds with specialty additives ensures highly developed chemical characteristics. The polymer compounds are used across consumer goods manufacturing, healthcare devices, infrastructure construction and automobile component manufacturing.
Recycled Materials
Vikas Ecotech also produces a range of specialty PVC compounds and polyethylene terephthalate (PET) compounds. It uses recycled materials to produce virgin-grade PVC compounds.
Vikas Ecotech Financial Highlights
- Revenue: Vikas Ecotech reported revenue of ₹360.33 crore in FY26 vs ₹383.85 crore in FY25. It showed a decrease of 6.13% on a yearly basis.
- Operating Profit: Vikas Ecotech reported an operating profit of ₹5.59 crore in FY26 vs ₹21.53 crore in FY25. It showed a decrease of 74.04% on a year-on-year basis.
- Net Profit: Vikas Ecotech reported a net profit of ₹3.14 crore in FY26 vs ₹16.98 crore in FY25. It showed a decrease of 81.51% on a yearly basis.
Vikas Ecotech Quarterly Result Highlights
- Vikas Ecotech reported revenue of ₹122.20 crore in Jun 2026, compared with ₹117.76 crore in Mar 2026, representing an increase of 3.77% on a quarter-on-quarter (QoQ) basis.
- Vikas Ecotech reported an operating profit of ₹3.26 crore in Jun 2026, compared with ₹1.90 crore in Mar 2026, representing an increase of 271.58% on a quarter-on-quarter (QoQ) basis.
- Vikas Ecotech reported a profit of ₹2.00 crore in Jun 2026, compared with ₹0.44 crore in Mar 2026, reflecting an increase of 554.55% on a QoQ basis.
- The earnings per share (EPS) of Vikas Ecotech stood at ₹0.12 during Jun 2026.
Data Source: BSE, Company announcements
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