Vikas Ecotech Share Price

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.

Financial highlights

Vikas Ecotech’s total Income in FY23 was ₹405.84 crore against ₹252.15 crore in FY22. The total expenses of the company stood at ₹395.35 crore against ₹250.06 crore in FY22. The profit before tax (PAT) was ₹10.48 crore in FY23 against ₹2.09 crore in FY22. The net profit at ₹9.56 crore in FY23 against ₹1.50 crore in FY22. The Earning per share at ₹0.10 in FY23 against ₹0.02 in FY22.

19 September 2025 – Vikas Ecotech Share Price Update

As of last trading day, Vikas Ecotech opened at ₹2.09 and last traded at ₹2.07, showing a rise of 0.01 points (0.49%) compared to the previous close of ₹2.06. During the session, the stock touched a high of ₹2.09 and a low of ₹2.06. The company's market capitalization now stands at ₹364 Crs, with a P/E ratio of 68.7 and a dividend yield of 0.00%.