Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹295Cr
Rev Gr TTM
Revenue Growth TTM
-2.19%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

VIKASLIFE
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 15.1 | 7.3 | -12.0 | -25.9 | 11.4 | -6.9 | 16.3 | 18.7 | 2.8 | 0.3 | 4.8 | -17.7 |
| 117 | 96 | 114 | 104 | 127 | 92 | 135 | 120 | 155 | 95 | 145 | 113 |
Operating Profit Operating ProfitCr |
| 1.1 | 2.7 | 2.0 | -4.8 | 3.1 | -0.3 | 0.3 | -1.8 | -14.5 | -3.0 | -2.6 | -16.1 |
Other Income Other IncomeCr | -32 | 12 | 7 | 3 | -2 | 2 | 2 | -2 | 18 | 131 | -113 | -14 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 2 |
| -32 | 13 | 8 | -3 | -1 | 0 | -1 | -7 | -5 | 125 | -120 | -33 |
| -6 | 1 | 0 | 1 | 1 | 3 | -3 | 0 | -2 | 0 | -1 | -4 |
|
Growth YoY PAT Growth YoY% | -215.4 | 339.9 | 211.0 | -162.5 | 92.4 | -125.0 | -71.9 | -77.3 | -38.9 | 4,380.8 | -5,633.0 | -326.8 |
| -22.7 | 11.8 | 6.6 | -3.9 | -1.5 | -3.2 | 1.6 | -5.8 | -2.1 | 135.3 | -84.2 | -30.2 |
| -0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | -0.6 | -0.2 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 301.3 | 58.2 | -6.4 | 7.7 | -2.9 |
| 67 | 302 | 464 | 441 | 502 | 508 |
Operating Profit Operating ProfitCr |
| 10.4 | -0.3 | 2.5 | 1.0 | -4.5 | -8.9 |
Other Income Other IncomeCr | -3 | 44 | -28 | 19 | 20 | 21 |
Interest Expense Interest ExpenseCr | 5 | 2 | 2 | 3 | 5 | 6 |
Depreciation DepreciationCr | 1 | 2 | 3 | 4 | 7 | 7 |
| -2 | 39 | -21 | 17 | -13 | -33 |
| 2 | 10 | -6 | 4 | -2 | -7 |
|
| | 926.6 | -153.6 | 186.8 | -181.1 | -138.7 |
| -4.7 | 9.6 | -3.3 | 3.0 | -2.3 | -5.6 |
| 0.0 | 0.3 | -0.1 | 0.1 | -0.1 | -0.1 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 66 | 110 | 144 | 165 | 186 | 186 |
| 0 | 90 | 187 | 291 | 346 | 367 |
Current Liabilities Current LiabilitiesCr | 66 | 105 | 106 | 53 | 153 | 145 |
Non Current Liabilities Non Current LiabilitiesCr | 16 | 16 | 15 | 23 | 43 | 32 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 122 | 122 | 227 | 239 | 270 | 241 |
Non Current Assets Non Current AssetsCr | 27 | 199 | 228 | 316 | 459 | 490 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -8 | -15 | -112 | -42 | -222 |
Investing Cash Flow Investing Cash FlowCr | 12 | -39 | -37 | -91 | 106 |
Financing Cash Flow Financing Cash FlowCr | -4 | 59 | 151 | 137 | 108 |
|
Free Cash Flow Free Cash FlowCr | -9 | -17 | -130 | -51 | -234 |
| 219.5 | -51.4 | 723.4 | -310.3 | 2,035.7 |
CFO To EBITDA CFO To EBITDA% | -99.0 | 1,575.6 | -953.8 | -965.7 | 1,028.4 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 194 | 581 | 485 | 800 | 498 |
Price To Earnings Price To Earnings | 0.0 | 20.5 | 0.0 | 60.6 | -44.7 |
Price To Sales Price To Sales | 2.6 | 1.9 | 1.0 | 1.8 | 1.0 |
Price To Book Price To Book | 2.9 | 2.9 | 1.5 | 1.8 | 0.9 |
| 30.4 | -631.3 | 43.0 | 189.9 | -26.3 |
Profitability Ratios Profitability Ratios |
| 15.0 | 3.4 | 5.1 | 5.9 | 3.1 |
| 10.4 | -0.3 | 2.5 | 1.0 | -4.5 |
| -4.7 | 9.6 | -3.3 | 3.0 | -2.3 |
| 3.5 | 18.5 | -5.3 | 4.1 | -1.4 |
| -5.3 | 14.5 | -4.7 | 3.0 | -2.0 |
| -2.4 | 9.0 | -3.4 | 2.4 | -1.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
**Vikas Lifecare Limited (VLL)**, headquartered in New Delhi and listed on both BSE and NSE (Scrip Code: 542655), has evolved from a B2B polymer and specialty chemicals trading company into a diversified conglomerate with strategic interests across **FMCG, Agro Products, Infrastructure, Smart Technology, Recycled Materials, Healthcare, and Entertainment sectors**. With over 25 years of industry experience, the company leverages deep expertise in polymer science, circular economy principles, and technology-driven innovation to support sustainable growth.
---
### **Core Business Segments (as of Sep 2025)**
1. **Polymer & Rubber Compounding**
- Manufactures and trades engineered, ready-to-use polymer compounds including PE, PVC, PP, EVA, TPR (Thermoplastic Rubber), and up-cycled masterbatches.
- Key products used in footwear, automotive, packaging, electrical, and consumer goods.
- Customizes over **200 color variants** and physical specifications using a **high-tech R&D lab**, serving domestic and international markets.
- Acts as **Del-Credere Agent** for **ONGC Petro Additions Limited (OPaL)**, ensuring steady supply of base polymers.
2. **Environmental Protection & Plastic Waste Recycling**
- Industry pioneer in recycling **multi-layered plastics (MLP)**, which are traditionally non-recyclable due to complex polymer-metal lamination.
- Developed **patented technology** (Indian Patent No. 513213) to convert MLP waste into granules, interlocking tiles, pallets, and other utility products.
- Also recycles HDPE, PP, and other post-consumer plastic waste.
- Helps corporate clients comply with India’s **Extended Producer Responsibility (EPR)** mandates.
- Ongoing R&D projects include:
- Waste-to-Wealth: Converting **rice husk ash into nano-silica**.
- Recycling **cross-linked polyethylene (XLPE)** with European technology partners.
- Collaborations with **DRDO’s DEAL, IIT Delhi, and CSIR-NPL** on **EMI-shielding nano composites** (using graphene, MWCNT, and silver/copper nanoparticles) for defense and electronics applications.
3. **Agro Products Division**
- Produces and exports **premium cashew nuts, premium rice, crystal sugar, pulses, spices, and bio-fertilizers**.
- Operates a fully functional **cashew processing unit in Karnataka at optimal capacity**, with plans to **double processing capacity** due to high demand.
- **Registered vendor** with **NAFED** and **HOFED**, facilitating access to government procurement and export channels.
- Secured export orders:
- ₹50 million for **premium rice** (including a 1,500 MT bulk order).
- >₹100 million for **crystal sugar** (2,700 MT).
- Strategic land acquisition: Owns **~36.41 acres** across Haryana, Rajasthan, and Delhi; targets **100–150 acres by 2024** for integrated agri-horticulture R&D, cultivation, and cold storage.
- Backward integration under progress: Evaluating acquisition of **rice processing facility** to enhance margins and scaling export capability.
4. **FMCG & Consumer Products**
- Expanded beyond raw materials into **B2C offerings** in food, beverages, personal care, and dry fruits.
- Key acquisitions:
- **Shashi Beriwal & Co. Pvt Ltd (SBBPL)** (51.38% stake): Manufacturer of **fruit juices, aerated drinks (Cola, Mango, Jeera, Shikanji), and energy drinks**.
- Production capacity: 50,000 liters/day.
- Serves 8–10 Indian states via 20+ distributors.
- Plans to introduce **metal can packaging** and double production capacity.
- **MSR Apparels Pvt Ltd** (98% equity, ₹125 Cr): Entry into **textile, garments, and clothing sector**.
5. **Infrastructure Products**
- Supplies **food-grade HDPE piping systems** under the **Jal Jeevan Mission**.
- Achieved ₹75 million sales within **first 3 months**.
- Secured INR 500 million order for compliant piping.
- Supplies **steel bars and fittings** for construction; recorded **₹240 million in sales since June 2021**.
- Developing capabilities in **Eco-Construction Products**, including **interlocking tiles from recycled plastic**.
6. **Smart Technology & Energy Infrastructure**
- Acquired **Genesis Gas Solutions Pvt Ltd (GGSPL)** (initial 75%, now holds **95% stake**), a leader in **smart gas & water meters**, with **~20% market share** in India's domestic gas metering.
- Pioneered **LoRa®-based smart metering**, successfully deployed at **Indraprastha Gas Limited (IGL)**.
- Exclusive partnerships with **Hangzhou Beta Meter Co. (Holley Group)** – the world’s largest gas meter manufacturer.
- **Joint Venture with IGL**: Formed **IGL Genesis Technologies Limited (IGTL)** to build **India’s first integrated smart gas meter manufacturing plant** in Noida, UP.
- Project Capex: ₹1,100 million.
- VLL infused ₹85 million; total partner funding: ₹544 million.
- Expected to produce **1 million smart meters/year** starting Q2 FY 2024–25.
- Secured advanced **ultrasonic gas meters business**:
- High accuracy, no moving parts, ideal for large pipelines.
- First order: ₹30 million.
- MOU with **SICK India (subsidiary of SICK A.G., Germany)** to market **Ultrasonic FlowSic 500 meters** in India and selected Asian markets.
7. **Diversification into Entertainment, Media & Real Estate**
- **Entertainment Expansion**:
- Acquired **SKY 2.0 Club**, a tech-driven nightclub in **Dubai Design District**.
- Acquired **PME Entertainment**, a UAE-based **music production and event management firm**.
- Launched **film production venture**; debut project **“Lioness”** in collaboration with **Teamo Productions HQ Limited**.
- **Media Investment**:
- Invested ₹150 million for **7.5% stake in Benchmark News Lab Pvt Ltd**, owner of **Bharat Express News**.
- Plans to establish a **dedicated media and entertainment vertical** in FY 2024–25.
- **Real Estate**:
- Entered **joint development agreement with Rudraveerya Developers Limited** for a **Delhi-NCR real estate project** (5-year timeline, co-funded, profit-sharing).
8. **Renewables & Biofuels**
- Obtained **Stage-I clearance from SIPB** to set up an **ethanol distillery in Bihar** under the **State Ethanol Production Promotion Policy 2021** and **National Biofuels Policy 2018**.
- Proposed capacity: **60 kiloliters per day**.
- Exploring acquisition of existing entity to fast-track project.
9. **Healthcare & Nutraceuticals**
- **Hydrolina Biotech (HBT)**: Subsidiary in **nutraceuticals**.
- Produces and exports **Spirulina (Vitatinaa brand)** in powder, tablet, and capsule forms.
- Developed **lycopene extraction technology** with government grants (DBT, DSIR, TDB); unit operational in Tamil Nadu.
- **Investment in Pharmaceuticals**:
- Acquired **22.04% stake in Advik Laboratories Ltd.**, a BSE-listed API manufacturer supplying **Dr. Reddy’s, Cadila, Abbott, and Torrent**.
- Aligns with **PLI Scheme** for domestic pharmaceutical self-reliance.
10. **R&D & Innovation Leadership**
- Ongoing R&D focus areas:
- Nano-ferrite composites for EMI shielding.
- Smart intelligent coatings using nano-calcium carbonate.
- Wastewater treatment solutions.
- Upcycling of agri and industrial waste.
- Senior leadership has authored a book on **nano composite pigments** for **NIR-reflective cool coatings**, aiding energy efficiency in buildings.
---
### **Strategic Growth Approach**
- **Diversification**: Shifted from **B2B raw materials** to a multi-sector **B2C conglomerate**.
- **Inorganic Growth Model**: Aggressively expanded through **acquisitions and joint ventures**:
- Genesis Gas Solutions
- Shashi Beriwal & Co.
- MSR Apparels
- Green Life Agritech
- Advik Laboratories (minority)
- **Technology-Driven Initiatives**: Focus on **Make in India**, **circular economy**, and **smart infrastructure**.
- **Global Ambitions**: Targeting international markets in **agro exports, smart meters, nutraceuticals, and entertainment content**.
---
### **Financial Highlights (Selected)**
- Domestic sales of **premium cashew nuts**: >₹520 million (Sep 2025).
- **Export revenues**:
- Premium rice: ₹50 million (including bulk 1,500 MT order).
- Crystal sugar: ₹100+ million (2,700 MT export order).
- Steel bars: ₹240 million revenue since Jun 2021.
- Water pipes: ₹75 million in first 3 months of launch.
- Agro business fiscal target (FY 2023–24): ₹3,600 million (vs ₹2,000 million achieved earlier).
---
### **Corporate Milestones**
- **2020–2022**: Strategic pivot into FMCG, agro, and health sectors via acquisitions.
- **2022**: Acquisition of **Genesis Gas Solutions** and entry into **smart metering**.
- **2023–2025**: Launch of **IGTL smart meter plant**, expansion into entertainment, media, and real estate.
- **2024–2025**: Commercialization of ultrasonic meters, ethanol plant planning, international content production.