VIKASLIFE
Vikas Lifecare financials
- Market cap
- ₹228 Cr
- Sector
- Services
What Vikas Lifecare Limited does
Vikas Lifecare Limited trades in and manufactures polymer and rubber compounds and specialty additives for plastics and synthetic/natural rubbers, including up-cycled compounds made from industrial and post-consumer plastic waste (EVA, PVC, PP, PE) that help conglomerates meet mandated Extended Producer Responsibility (EPR) obligations. It runs two manufacturing facilities, in Shahjahanpur (Rajasthan) and Mangaluru (Karnataka). The company has more recently diversified beyond raw-material B2B supply into B2C consumer products for the FMCG, agro and infrastructure segments, and through its subsidiary Genesis Gas Solutions Private Limited it manufactures and supplies smart gas and water meters to domestic gas-distribution companies.
Segments
- Polymer & Rubber Commodity Compounds
- Up-Cycled Compounds
- Specialty Additives
- B2C Consumer Products
- Smart Gas & Water Metering
- Manufacturing plants
- 2 (Shahjahanpur, Rajasthan; Mangaluru, Karnataka)
- Genesis Gas Solutions domestic gas-metering market share
- ~20%
- Corporate structure
- 2 subsidiaries (Genesis Gas Solutions; Shashi Beriwal) + 1 wholly-owned Dubai subsidiary + 1 JV (IGL Genesis Technologies, with Indraprastha Gas Limited)
- Business segments
- 5 (Polymer/Rubber Compounds, Up-Cycled Compounds, Specialty Additives, B2C Consumer Products, Smart Gas & Water Metering)
- Quality certification
- ISO 9001:2015
Quarterly results
Q4 FY26: revenue up 25.2%, net profit up 1500.0% against the same quarter last year.
| Line item | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 135 | 118 | 135 | 92 +0% | 141 +4% | 97 −18% | 169 +25% |
| EBITDA | 0 | -1 | -3 | -23 | -6 | -118 −11700% | -30 −900% | -26 −13% |
| Net profit | -3 | 2 | -7 | -3 | 125 +4267% | -119 −6050% | -29 −314% | 42 +1500% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −45.0% 1Y
1Y: ₹2.22 on 10 Sept 2025 → ₹1.22. High ₹2.34 (19 Sept 2025), low ₹1.06 (30 Mar 2026).
Financials, as filed
Revenue grew 1.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to -36.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹476 Cr | ₹446 Cr | ₹480 Cr | ₹499 Cr |
| Operating profit | ₹12 Cr | ₹4 Cr | ₹-27 Cr | ₹-180 Cr |
| Operating margin | 2.5% | 0.9% | -5.6% | -36.1% |
| Interest | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹7 Cr |
| Depreciation | ₹3 Cr | ₹4 Cr | ₹6 Cr | ₹6 Cr |
| Net profit | ₹-16 Cr | ₹14 Cr | ₹-11 Cr | ₹19 Cr |
| Net margin | -3.3% | 3.1% | -2.3% | 3.8% |
| Cash from operations | ₹-112 Cr | ₹-42 Cr | ₹-222 Cr | — |
| Free cash flow | ₹-130 Cr | ₹-51 Cr | ₹-234 Cr | — |
| ROCE | -7.0% | 4.0% | 0.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Equity capital | ₹66 Cr | ₹110 Cr | ₹144 Cr | ₹165 Cr | ₹186 Cr |
| Reserves | ₹0 Cr | ₹90 Cr | ₹187 Cr | ₹311 Cr | ₹367 Cr |
| Borrowings | ₹42 Cr | ₹23 Cr | ₹30 Cr | ₹34 Cr | ₹97 Cr |
| Other liabilities | ₹41 Cr | ₹98 Cr | ₹93 Cr | ₹44 Cr | ₹82 Cr |
| Total liabilities | ₹149 Cr | ₹321 Cr | ₹454 Cr | ₹555 Cr | ₹731 Cr |
| Fixed assets | ₹12 Cr | ₹28 Cr | ₹47 Cr | ₹56 Cr | ₹52 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹3 Cr | ₹84 Cr | ₹77 Cr | ₹183 Cr | ₹376 Cr |
| Other assets | ₹133 Cr | ₹208 Cr | ₹330 Cr | ₹316 Cr | ₹302 Cr |
| Total assets | ₹149 Cr | ₹321 Cr | ₹454 Cr | ₹555 Cr | ₹731 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, FIIs trimmed −0.20 pp while the public added +0.19 pp. The shareholder count shrank 5% to 7,81,107.
- Promoters
- 14.2%
- FIIs
- 0.3%
- Public
- 85.5%
Since Mar 2025
- FIIs −0.20 pp
- Public +0.19 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the public fell from 88.6% to 85.5% — −3.1 pp.
Ownership split by quarter, oldest first. Jun '23: Promoters 11.4%, FIIs 0.0%, Public 88.6%.Sep '23: Promoters 11.4%, FIIs 0.0%, Public 88.6%.Dec '23: Promoters 11.4%, FIIs 0.0%, Public 88.6%.Mar '24: Promoters 11.8%, FIIs 4.3%, Public 83.9%.Jun '24: Promoters 14.2%, FIIs 0.3%, Public 85.5%.Sep '24: Promoters 14.2%, FIIs 0.5%, Public 85.3%.Dec '24: Promoters 14.2%, FIIs 0.5%, Public 85.3%.Mar '25: Promoters 14.2%, FIIs 0.5%, Public 85.3%.Jun '25: Promoters 14.2%, FIIs 0.4%, Public 85.4%.Sep '25: Promoters 14.2%, FIIs 0.3%, Public 85.5%.Dec '25: Promoters 14.2%, FIIs 0.3%, Public 85.5%.Mar '26: Promoters 14.2%, FIIs 0.3%, Public 85.5%.
Who bought this quarter
since Dec 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nand Kishore Garg & Sons newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Vikas Lifecare Limited above SEBI's 1% disclosure line, and what changed since Dec 2025.
| Holder | Stake | Change |
|---|---|---|
| Vikas Garg | 13.10% | unchanged |
| Srestha Finvest Limited | 1.97% | unchanged |
| Vivek Garg | 1.08% | unchanged |
| Shashi Garg | 0.00% | unchanged |
| Vinod Kumar Garg | 0.00% | unchanged |
| Sukriti Garg | 0.00% | unchanged |
| Seema Garg | 0.00% | unchanged |
| Vaibhav Garg | 0.00% | unchanged |
| Vikas Garg Huf | 0.00% | unchanged |
| Ishwar Gupta | 0.00% | unchanged |
| Vinod Kumar Garg & Sons Huf | 0.00% | unchanged |
| Jai Kumar Garg & Sons Huf | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Vikas Lifecare Limited
Guides on how to read this kind of business and the numbers that matter.