Vikas Wsp Limited (VIKASWSP) AI Stock Analysis

Vikas Wsp Limited

(NSE:VIKASWSP)

Select Model

Rating:41Neutral

Price Target:INR 0.94▲(12.77% Upside)

Action:reiterated

Date:03/31/26

The score is driven primarily by extremely weak fundamentals (near-zero revenue and ongoing losses with fragile cash generation) and a clearly bearish technical trend (price below all major moving averages with negative MACD). Valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Moderate LeverageReported debt-to-equity near 0.37–0.39 indicates leverage is moderate rather than excessive. That structural balance-sheet position gives the company more flexibility to manage operating losses and pursue recovery without immediately breaching covenants or needing emergency refinancing, supporting multi-month stability.

Negative Factors

Collapsed revenueRevenue near zero is a fundamental structural issue: it undermines economies of scale, disrupts customer relationships and makes fixed-cost absorption impossible. Without sustainable top-line recovery, margins, supplier terms and long-term contracts remain at risk, threatening the core business model over months.

Vikas Wsp Limited (VIKASWSP) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 169.68M
Dividend Yield: ―
Average Volume (3M): 102.57K
Price to Earnings (P/E): 0.0
Beta (1Y): 0.65
Revenue Growth: ―
EPS Growth: -117.33%
Country: India
Employees: 700
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Vikas Wsp Limited Business Overview & Revenue Model

Company Description

Vikas WSP Limited, established in 1988 and headquartered in Sri Ganganagar, India, is primarily involved in the global production and export of guar gum powder. The company distributes its products to diverse international markets, including India, t...

How the Company Makes Money

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Vikas Wsp Limited Financial Statement Overview

Summary

Financial quality is very weak: revenue has effectively collapsed to near zero in 2024–2025 and profitability remains deeply negative. Cash flow is volatile and recently near-zero, while equity has been declining and ROE is consistently negative, increasing turnaround risk despite only moderate leverage.

Income Statement

8Very Negative

Balance Sheet

46Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Jun 2024	Sep 2022	Mar 2022
Income Statement
Total Revenue	0	0	0	0	0	230.95M
Gross Profit	79.16M	-5.00M	-341.60M	-341.60M	-341.60M	-471.19M
EBITDA	-1.07B	-1.07B	-13.34M	-13.34M	-20.09M	-1.16B
Net Income	-585.00M	-669.76M	-266.11M	-266.19M	-327.25M	-1.64B
Balance Sheet
Total Assets	0	13.82B	14.48B	14.73B	14.98B	14.98B
Cash, Cash Equivalents and Short-Term Investments	54.78M	54.78M	55.35M	55.35M	55.13M	193.00K
Total Debt	0	3.07B	3.07B	3.07B	3.07B	3.07B
Total Liabilities	-7.21B	6.61B	6.60B	6.59B	6.58B	6.26B
Stockholders Equity	7.21B	7.21B	7.87B	8.14B	8.40B	8.73B
Cash Flow
Free Cash Flow	0	0	4,000	227.00K	742.00K	-9.46M
Operating Cash Flow	0	0	4,000	224.00K	742.00K	-9.46M
Investing Cash Flow	0	0	0	0	0	985.00K
Financing Cash Flow	0	0	0	0	0	2.00B

Vikas Wsp Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VIKASWSP against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PODDARMENT	60Neutral	INR 2.79B	18.11	―	1.53%	3.55%	-21.35%
IN:SHIVALIK	60Neutral	INR 4.80B	34.55	―	0.17%	14.88%	-9.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SRD	54Neutral	INR 2.50B	13.67	―	0.13%	12.41%	51.78%
IN:OMKARCHEM	42Neutral	INR 74.08M	-4.55	―	―	―	―
IN:JIYAECO	41Neutral	INR 2.13M	-10.00	―	―	―	-97.28%
IN:VIKASWSP	41Neutral	INR 169.68M	0.00	―	―	―	-117.33%

* General Sector Average

Performance Comparison

IN:VIKASWSP and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VIKASWSP	Vikas Wsp Limited	0.83	-0.40	-32.52%
IN:JIYAECO	Jiya Eco-Products Ltd.	20.02	-16.08	-44.54%
IN:OMKARCHEM	Omkar Speciality Chemicals Limited	3.60	-2.05	-36.28%
IN:PODDARMENT	Poddar Pigments Limited	262.80	-8.53	-3.14%
IN:SHIVALIK	Shivalik Rasayan Ltd	299.50	-162.72	-35.20%
IN:SRD	Shankar Lal Rampal Dye-Chem Ltd.	39.02	-28.64	-42.33%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Mar 31, 2026

Vikas Wsp Limited AI Stock Analysis