August 13, 2020 - Jeena Scriptech Alpha Advisors

Vikas Ecotech Ltd

Speciality Chemicals
FV – Rs 1; 52wks H/L – 10.55/0.96; TTQ – 13.47 Lacs; CMP – Rs 10.5 (As On August 13, 2020);

Market Cap – Rs 295 Crs

Standalone Financials and Valuations (Amt in Rs Crs unless specified)

	Equity Capital	Net worth	Debt	Total Sales	PAT	BV (Rs)	EPS (Rs)	P/E	Industry P/E	P/BV	Promoter’s Stake
FY20	28	143	144	199	1	5	0.04	262	19.4	2	32.51
Q1 FY21	28	140	144	8	-5	5	-0.2	–	19.4	2	32.51

The demerger of ‘Recycled and Trading Compounds Division’ of the Company was successfully completed during the year under review and the Shareholders of the Company were allotted shares in ratio of 1:1 of Vikas Multicorp Ltd.
The Company completed commercial scale production trials and the added capacity of Specialty Chemicals plant at Rajasthan is ready for utilization in anticipation of enhanced production and sales for the next fiscal year as well.
The Company successfully designed & tried the new range of Eco-friendly Calcium Zinc Heat Stabilizer for PVC across various application areas like the PVC Rigid & Soft PVC Applications which have been included in the list with this new addition to the product mix offered by VEL. VEL is ready to start commercial scale production in anticipation of the huge demand that will be created with the implementation of the ban on Toxic Stabilizers.
As anticipated, targeted & projected for the FDA approved – Food Contact Safe Organotin Stabilizers, for which Vikas Ecotech is the only producer in India and one of the very few across the globe, the Company has successfully initiated the process for tapping the potential embedded in the largest market place for the Organotin Stabilizers the U.S.A. & has been received well by the market due to its consistent quality of the materials.

Overview:

Vikas Ecotech is an emerging player in the global arena of the high end specialty chemicals players.
They cater to products ranging from agriculture to automotives, cables to electricals, hygiene to healthcare, polymers to packaging, textiles to footwear as per industry needs.
The Company operates under single segment which is manufacturing and trading of speciality additives including agrochemicals and rubber-plastic and polymer compounds. Product wise performance of the Company is discussed here under :

Speciality Additives – The Company is a leading manufacturer of specialty additives as we derive our competitive edge from our innovative products with real-world applications. There are 5 products in this range.

Organotin or Methyl Tin Mercaptide (MTM) continues to be the focus of the company’s specialty additives segment and they are India’s only indigenous manufacturer of organotin among the eight global manufacturers of the additive. USA is the world’s largest consumer of this product.

Polymer Compounds – The Company is also a leading manufacturer of specialty rubber-plastic and polymer compounds. They have 3 products in this category.

Management:

Gyan Prakash Govil – Chairman
Vikas Garg – MD
Amit Dhuria – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters	No. of shares held	% shares held
Elara India Opportunities Fund	9502125	1.43
Nomura Singapore Ltd	19328292	2.91
Parvesh Sahib Singh	11000000	1.66
Ram Niwas Mangla	9000000	1.36
Siddhayu Ayurvedic Research Foundation Pvt. Ltd	7294990	1.1
Jayant S Ciahheda HUF	19822000	2.99
Jainet rading LLP	10345255	1.56

Share Price Trend:

Share Price Snapshot :

Year	Open (Rs.)	High (Rs.)	Low (Rs.)	Close (Rs.)
2016	20.35	22.9	10.85	16.5
2017	16.55	38.15	15.85	35.7
2018	35.5	48.5	10.42	11.93
2019	11.83	16.17	2.54	2.99
2020	2.99	10.05	0.96	10.05

Standalone Financials: (Rs. Crs unless specified)

Particulars	2020	2019	2018	2017	2016
Sales	199	270	240	373	312
Net Profit	1	16	27	23	26
EPS (Rs.)	0.04	0.57	0.96	0.82	1.04
Share Capital	28	28	28	28	25
Networth	143	143	128	131	66
Book Value (Rs.)	5	5	5	5	3
Debt	144	155	138	108	91

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200813-52

1. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
Further to our letter dated July 15, 2020, towards intimation of the final hearing scheduled on July 28, 2020, towards the scheme of arrangement between IndusInd Media & Communications Limited and NXTDIGITAL LIMITED and their respective shareholders by which Media and Communication undertaking of IMCL will be demerged into the Company. In this regard, we would like to inform you that the National Company Law Tribunal, Mumbai Bench has approved the aforesaid scheme today, August 6, 2020. On receipt of a copy of the final order of the Hon’ble NCLT, as soon as received, we will submit the same to the exchanges. Consequent to this order and filing of the order with the Ministry of Corporate Affairs all listing formalities are expected to be completed within the month of August 2020. The intimation of the date of the Board meeting to declare the restated accounts for March 31, 2020 consequent to merger and Q 1 results on the merged basis in August 2020 will be communicated separately.

2. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Shareholder Meeting / Postal Ballot-Court Convened Meeting On September 15, 2020
Pursuant to Regulation 30 read with Schedule III of SEBI(Listing Obligations And Disclosure Requirements) Regulations, 2015, we wish to inform that in accordance with the order dated July 14, 2020 passed by the National Company Law Tribunal, Mumbai bench under sub-section (1) of Section 230 of the Companies Act, 2013, the Meeting of the Equity Shareholders of the Company is scheduled to be held on Tuesday, September 15, 2020 at 12.30 p.m. through video conferencing or other audio visual means (‘VC/ OAVM’), following the operating procedures (with requisite modifications as may be required) for the purpose of considering, and if thought fit, approving with or without modification(s), the proposed Scheme of Amalgamation (Merger by Absorption) of Gufic Lifesciences Private Limited (‘Transferor Company’) with Gufic Biosciences Limited (‘Transferee Company’)