Vikas Wsp Ltd
VIKA

Vikas Wsp Ltd (VIKASWSP)

₹3.05--

Key Stats

₹2.95
Day's Price Range
₹3.15
₹2.7
52-Week Price Range
₹8.05
1 Month Return-15.28 %
3 Month Return-18.67 %
1 Year Return-46.5 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 92
EPS
Rank 93
BVPS
Rank 102
Dividend Yield
Rank 69
ROE
Rank 188
-10.5%
Price To Book Ratio
Rank 84
Debt To Asset
Rank 102

Company Information

Incorporated as Vikas Gum Mills Pvt Ltd and subsequently renamed Vikas WSP Pvt Ltd in Aug.82 Vikas WSP was converted into a public limited company in Sep.92. Guar water soluble polymers GWSP an effective water retention agent manufactured by its 100 EOU since Sep.90 is a natural polymer which is extensively used in the food and pharmaceutical industries. GWSP of over 6000 csp viscosity produced by the company is mainly exported to the US the UK Germany Italy Spain and Japan. The Government of India has recognised the companys efforts by awarding it the Export House status and the APEDA Export Award for 199495. Vikas WSP has developed new products for specific use in the food industry like guar TL for cat feed and guar D SCM.In Sep 1995 it set up a unit with production capacity of 3600 TPA of Guar Derivatives GD. A 100 EOU for the manufacture of guar polymers and odourless guar polymers was completed in Feb./Mar.99 the post expansion production capacity of the 100 EOU is now 39900 TPA.Vikas wsp Limited the worlds second largest guar gum producer is setting up a 4200 tonne per annum tpa hydroxy propyl guarHPG and carboxy methyl hydroxy proplyl guar CMHPG manufacturing facility at its existing plant in Sriganganagar in Rajasthan.The new unit is being set up at an estimated cost of Rs 70 crore and is being financed primarily through internal accruals. The company is setting up a similar valueadded guar gum plant at Baroda having an annual capacity of 12600 tonne per annum. This plant will go on stream in October 2001 and will make Vikas WSP the worlds largest producer of guar gum and polymers. The companys existing four plants have a combined capacity of 39900 tonnes per annum. The new products HPG and CMHPG find application in exploration of oil and natural gas from the geothermal hot wells.Vikas WSP plans to raise close to Rs 155 crore from the preferential allotment meant to part finance its Rs 220 crore expansioncummodernisation plan. The balance amount is proposed to be met through internal accruals. Part of the funds will be used to set up a research and development facility with an investment of Rs 25 crore.The Company has allotted 1 crore equity shares of Re 1 each at Rs 82.50 per share to the promoters / directors / associates of the Company.Following the family partition of the Directors exclusive control of the company was taken over by Mr B.D. Agarwal and for administrative reasons it was decided to shift the planned Baroda project to Sriganganagar. Now the plant is expected to commence its production by September 2002 at Sriganganagar. Manufacturing of a few planned products have already commenced.
OrganisationVikas Wsp Ltd
HeadquartersSiwani
IndustryChemicals