VIKASWSP
Vikas WSP financials
- Market cap
- ₹18 Cr
- Sector
- Fast Moving Consumer Goods
What Vikas WSP Ltd. does
Vikas WSP Limited, branded "The Word of Water Soluble Polymers," ran manufacturing plants at Sri Ganganagar and Bikaner in Rajasthan. The company has been under Corporate Insolvency Resolution Process (CIRP) since February 2, 2022, initiated by NCLT Chandigarh Bench on a petition by Bank of India, with day-to-day affairs run by a Resolution Professional in place of the suspended Board. The Committee of Creditors has approved a resolution plan submitted by M/s Arcbolt Space and Foods Private Limited, pending NCLT approval. For FY2024-25 the company reported no business activity and nil revenue from operations.
- Manufacturing plants
- 2 (Sri Ganganagar and Bikaner, Rajasthan)
- Operational status
- No business activity; under Corporate Insolvency Resolution Process (CIRP) since Feb 2022
Quarterly results
Q1 FY27: net profit up 96.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -0 | -0 | -1 | -0 | -0 −4% | -0 +0% | -106 −12574% | -0 +27% |
| Net profit | -9 | -9 | -0 | -9 | -9 −0% | -9 −0% | -41 −9832% | -0 +97% |
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 −56.7% 1Y
1Y: ₹3.35 on 27 Apr 2022 → ₹1.45. High ₹3.35 (27 Apr 2022), low ₹1 (28 Mar 2023).
Financials, as filed
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Operating profit | ₹-2 Cr | ₹-2 Cr | ₹-107 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹34 Cr | ₹34 Cr | ₹1 Cr |
| Net profit | ₹-27 Cr | ₹-27 Cr | ₹-67 Cr |
| Cash from operations | ₹0 Cr | ₹0 Cr | — |
| Free cash flow | ₹0 Cr | ₹0 Cr | — |
| ROCE | -3.0% | -3.0% | -10.0% |
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 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr | ₹20 Cr |
| Reserves | ₹1.0k Cr | ₹852 Cr | ₹820 Cr | ₹793 Cr | ₹749 Cr | ₹700 Cr |
| Borrowings | ₹106 Cr | ₹307 Cr | ₹307 Cr | ₹307 Cr | ₹307 Cr | ₹307 Cr |
| Other liabilities | ₹443 Cr | ₹345 Cr | ₹351 Cr | ₹352 Cr | ₹354 Cr | ₹355 Cr |
| Total liabilities | ₹1.6k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.4k Cr | ₹1.4k Cr |
| Fixed assets | ₹600 Cr | ₹566 Cr | ₹532 Cr | ₹497 Cr | ₹446 Cr | ₹463 Cr |
| Capital work in progress | ₹12 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹973 Cr | ₹958 Cr | ₹966 Cr | ₹975 Cr | ₹984 Cr | ₹919 Cr |
| Total assets | ₹1.6k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.5k Cr | ₹1.4k Cr | ₹1.4k 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 Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 63,145.
- Promoters
- 14.6%
- DIIs
- 0.0%
- Public
- 85.4%
Since Jun 2025
- Public −0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 14.6%, DIIs 0.1%, Public 85.3%.Dec '23: Promoters 14.6%, DIIs 0.1%, Public 85.3%.Mar '24: Promoters 14.6%, DIIs 0.1%, Public 85.3%.Jun '24: Promoters 14.6%, DIIs 0.1%, Public 85.3%.Sep '24: Promoters 14.6%, DIIs 0.1%, Public 85.3%.Dec '24: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Mar '25: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Jun '25: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Sep '25: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Dec '25: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Mar '26: Promoters 14.6%, DIIs 0.0%, Public 85.4%.Jun '26: Promoters 14.6%, DIIs 0.0%, Public 85.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Vikas WSP Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bajrang Dass Aggarwal | 8.30% | unchanged |
| Bimla Devi Jindal | 6.25% | unchanged |
| Kamini Jindal | 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 WSP Ltd.
Guides on how to read this kind of business and the numbers that matter.