Vikas Lifecare Share Performance and Stock Outlook
Vikas Lifecare Limited (BSE: 530055, NSE: VIKASLIFE) is a Delhi-based diversified company specializing in infrastructure development and polymer products. Here's an in-depth look at its share performance and investment potential.
Current Share Price Trends (2023-2024)
- 52-Week Range: ₹5.30 - ₹16.50 (BSE)
- Recent Movement: Shares surged 100%+ in 2023 after bagging government contracts
- Market Cap: ~₹1,200 Crore (as of July 2024)
Period
High (₹)
Low (₹)
Notable Events
July 2024
14.20
12.75
Polymer division expansion
Q1 2024
15.80
8.40
Renewable energy foray
FY 2022-23
16.50
3.25
Smart city project awards
Financial Performance Highlights
FY 2022-23 Annual Report Snapshots
- Revenue: ₹298 Crore (+34% YoY)
- Net Profit: ₹18.2 Crore (+41% YoY)
- Debt-to-Equity Ratio: 0.38
- ROE: 12.8%
Key Growth Drivers
- Government Infrastructure Contracts
- ₹127 Crore Delhi Jal Board pipeline project
- Smart meter installations in UP and Maharashtra
- Polymer Division Expansion
- New manufacturing unit in Gujarat (Q4 2024 operational)
- Exports to Middle East and Africa
- Renewable Energy Ventures
- Solar panel manufacturing JV announced
- EV charging infrastructure pilot in NCR
Shareholding Pattern (June 2024)
- Promoters: 45.12%
- FIIs: 2.35%
- Public: 52.53%
Risks to Consider
- Commodity price volatility affecting polymer margins
- Execution delays in government projects
- Rising competition in infrastructure space
Analyst Perspectives
"Vikas Lifecare's diversified model provides stability. The stock could see re-rating if solar vertical gains traction" - Equity99 Research
"Investors should track order book growth which currently stands at ₹650 Crore" - MarketsMojo Advisory
How to Buy Vikas Lifecare Shares
- Trading Symbols:
- NSE: VIKASLIFE
- BSE: 530055
- Lot Size: 1,000 shares
- Available On: Zerodha, Upstox, ICICI Direct
Future Outlook
- 2024 Targets: ₹18-22 as per technical charts
- Long-Term: Potential inclusion in SME indices
Recent Corporate Developments
- MoU with NTPC for solar components
- Dividend declared after 5 years (₹0.10/share)
- Proposed bonus share issue under consideration
FAQ: Vikas Lifecare Shares
Q: Is Vikas Lifecare debt-free? A: No, but debt reduced by 28% YoY to ₹48 Cr in FY23
Q: When is next results announcement? A: August 14, 2024 (Q1 FY25)
Q: Any pledged promoter shares? A: 12.3% shares pledged as per June 2024 disclosure
Q: 5-year returns? A: 325% (July 2019 - July 2024)
Data Sources: BSE, NSE, Company Filings. Updated July 2024. Consult financial advisor before investing.
