Vikas Proppant & Granite Ltd

Vikas Proppant & Granite Ltd

Vikas Proppant & Granite is an agro based industry manufacturer and grading of Guar Gum Powder and grading of guar splits and its derivatives. Now the Company has diversified its business into the mining of Granite Blocks and manufacturing of Proppants.

The company has business presence across the world in countries like USA, Europe, Brazil, Japan, China, Austrailia, South Africa, etc.

Market Capital: ₹210.06 Cr              Enterprise Value: ₹273.90 Cr

Book Value: ₹3.93

Current Price: ₹4.20         >               Face Value: ₹2.00

52 week High/Low: ₹12.55/2.69

Stock P/E: 15.08                >               Industry P/E: 15.06

Dividend Yield: 2.41%       <                Earnings Yield: 6.63%

ROCE: 23.42%                 <                ROE: 32.81%

Sales Growth: %                       Profit Growth: -58.08%

Debt/Equity: 0.32

Debt: ₹63.92 Cr.

Contingent Liabilities: ₹0.00 Cr

Interest Coverage Ratio: 

PEG Ratio: 0.11

Promoter Holdings: 22.43%

Pledged percentage: 0.00%

Retail Shareholding: 15% approx

Individual Shareholding in excess of 2 Lac is 57.16% appx.

• Aman Deep: 1,00,00,000 (1.98%)
• Ganesh Kumar: 1,41,00,000 (2.79%)
• Kanta Devi: 5,75,10,000 (11.36%)
• Komal: 10,65,00,000 (21.04%)

   Sales Growth                                  Profit Growth                

10 Years: 4.00%                              10 Years: 20.78%      

 5 Years: -17.77%                             5 Years: 133.32 %

 3 Years: -23.14%                             3 Years: 90.48%

    TTM:                                                TTM: -58.08%   

Note:

Ques: What is working for the company ?

1. Company has reduced debt
2. Company has good consistent profit growth of 133.32% over 5 years.
3. Return on Equity growing consistently.
4. Reserve is greater than its borrowings.
5. Net Cash Flow is still  positive.

Ques: What is Risk Involved in this company?

1. Sales Growth is Negative.
2. Employee cost is rising.
3. Promoters holding is low: 22.43%
4. The company has delivered a poor growth of -17.77% over past five years.