Introduction:
Vikas Lifecare Limited is a petrochemicals company operating in the manufacturing sector. In this article, we will explore the company’s background, its past performance, and future targets. We will also analyze the potential share price targets for the years 2023, 2024, 2025, and 2030.
Vikas Lifecare Ltd: Company Information
Vikas Lifecare Ltd, previously known as Vikas Multicrop Limited, was established in 1995. The company specializes in manufacturing recycled plastic waste and polymer compound. Its manufacturing facilities are located in the industry area of Alwar, Rajasthan. Since 2015, the company has been ISO 90001 certified.
Vikas Lifecare Share Price Target 2023
Currently, the market capitalization of the company stands at 822.24 crores. The promoter holding is 11.4%, and the company’s debt amounts to 6.57 crores. The sales growth of the company has been impressive at 293.32%, with a profit of 897.51 crores. Despite the lack of promoter holding and existing debt, the company’s current situation appears favorable. In 2023, the first target for the share price is projected to be Rs 8, with a second target of Rs 9.
Vikas Lifecare Share Price Target 2024
Looking at the company’s historical returns, it has delivered a 1% return over the last five years, while the returns over the last three years stood at -21%. However, the company has shown a 4% return in the past year and an impressive 52% return in the last month. Given its current performance, if the company continues to grow, the share price target for 2024 is estimated to be Rs 12 as the first target and Rs 15 as the second target.
Vikas Lifecare Share Price Target 2025
Considering the company’s previous net sales data, it achieved net sales of Rs 195.35 crore in March 2018, which increased to Rs 294.97 crore in March 2022. The net profit for the last five years has seen fluctuations, with a significant increase to Rs 27.93 crores in March 2022. Assuming similar growth, the share price target for 2025 is projected to be Rs 18 as the first target and Rs 22 as the second target.
Vikas Lifecare Share Price Target 2030
Analyzing the shareholding pattern, the company’s public holds the majority stake of 88.58%, while the promoters hold 11.4%, FIIs hold 0.02%, and DIIs hold 0%. The low promoter holding is a concern, and if it increases in the future, the share price target for 2030 could reach Rs 50 as the first target and Rs 60 as the second target.
Vikas Lifecare Share Strengths
The company has demonstrated a strong performance in the last six months, delivering a return of 52%. Over the past three years, it has achieved a profit growth of 137.76%. Additionally, the company appears to be debt-free.
Vikas Lifecare Share Weaknesses
The promoter holding is currently low at 11.4%. The company has recorded a negative compound annual growth rate (CAGR) return of -21.2% over the past three years. Furthermore, its revenue growth has been modest at 10.98% over the same period.
Conclusion:
Vikas Lifecare Limited has presented impressive quarterly and annual results, indicating a favorable outlook for the company. However, the low promoter holding remains a concern. It is advisable to seek advice from a specialist before making any investment decisions.
