Vikas Lifecare Ltd: History, Latest Updates, Milestones, Subsidiaries, and  Share Price

 

INTRODUCTION

 

Vikas Lifecare Limited, part of India's evolving industrial landscape, has steadily transformed from a polymer and chemical trading firm into a diversified player focused on sustainability and innovation. Originally incorporated as Vikas Multicorp Ltd, the company rebranded to Vikas Lifecare Ltd to reflect its broader vision. It now operates across segments such as polymer compounds, rubber chemicals, and biodegradable plastics, with a notable tie-up in 2024 with DRDO for eco-friendly product development. In recent times, Vikas Lifecare has gained attention for both its strategic initiatives and financial performance, with the Vikas Lifecare share price drawing investor interest. This article explores the company’s journey, key milestones, subsidiaries, and recent developments, while offering insights into the trends shaping the Vikas Lifecare share price today.

 

Vikas Lifecare Ltd moves in 2025

 

• Over the three-month period ending December 2024, Vikas Lifecare Ltd recorded top-line revenue of Rs. 1,119.89 million, reflecting a notable 17.73% growth. By contrast, in the same quarter a year earlier, revenues amounted to Rs. 951.23 million.

• The operating profit margin declined further to -27.62% in Q3 FY24, compared to -10.33% in the corresponding quarter last year, indicating rising operational challenges.

• In mid-December 2024, Vikas Lifecare Ltd. formalized a non-exclusive, 10-year license with DRDO’s Advanced Systems Laboratory (ASL) to manufacture and market their patented “granules for biodegradable bags” technology—marking a strategic pivot toward sustainable, eco-friendly plastics solutions.

• The agreement centers around DRDO's innovative technology for granules used in biodegradable bags, providing a sustainable alternative to conventional single-use polyethylene.

• This initiative strengthens Vikas Lifecare’s position in the green materials sector and may influence long-term investor sentiment.

However, short-term financial concerns continue to weigh on investor confidence, as reflected in the current Vikas Lifecare share price trends.

 

Evolution of Vikas Lifecare Ltd: From Past to Present:

 

Past:

 

Established in 1995 as Vikas Multicorp Limited, the company initially focused on trading polymers and chemicals. Over the years, it expanded its operations to include the manufacturing of polymer compounds and specialty additives. In April 2021, reflecting its diversified business interests and commitment to sustainable solutions, the company rebranded itself as Vikas Lifecare Limited. This transition marked a strategic shift towards eco-friendly initiatives, including the development of biodegradable plastics and upcycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, and PE.

 

Present: 

 

In recent years, Vikas Lifecare has undertaken significant strategic initiatives to strengthen its market position. In December 2024, the company entered into a Technology Transfer agreement with the Advanced Systems Laboratory (ASL) of DRDO, focusing on the development of granules for biodegradable bags—a move aligning with global sustainability trends. Additionally, under the Rajasthan Investment Promotion Scheme (RIPS), Vikas Lifecare announced the establishment of a new manufacturing facility specializing in advanced commodity compounds such as EVA, ATH, Thermoplastic Rubber, and Thermoplastic Elastomer. These developments have garnered attention from investors, with the Vikas Lifecare share price reflecting the company's growth prospects and strategic direction.

 

 

 

 

Timeline of Vikas Lifecare Ltd:

 

 

Inside the Vikas Lifecare Limited and its Subsidiaries:  

 

Corporate actions: Since January 1, 2000, Vikas Lifecare Ltd. has maintained a no-dividend policy, with no payouts issued to shareholders during this period.

 

Main News: 

 

• 14 Feb 2025:  During the third quarter of FY24, Vikas Lifecare recorded a 17.73% jump in revenue, amounting to Rs. 1,119.89 million. However, the company reported a widened net loss of Rs. 51.64 million, while its operating margin slipped to -27.62%.

• 16 Dec 2024: Vikas Lifecare finalized a technology transfer pact with DRDO’s Advanced Systems Laboratory (ASL) for eco-friendly granules used in biodegradable bags, aiming to replace conventional single-use polyethylene materials.

• 5 Dec 2024: As part of the RIPS initiative, Vikas Lifecare inaugurated a new 20,000 sq. ft. production unit in Shahjahanpur, Rajasthan, dedicated to manufacturing advanced polymer compounds like EVA, ATH, and TPE.

 

Current Vikas Lifecare Share Price NSE

 

 

Achievements and Milestones:

 

• Deming Application Prize (2011): Sanden Vikas, part of the Vikas Group, earned the esteemed Deming Application Prize for its exceptional implementation of Total Quality Management practices.

• Great Place to Work (2019): Pranav Vikas, another arm of the Vikas Group, achieved the Great Place to Work certification, highlighting its employee-friendly culture and strong organizational values.

• ACMA Gold Awards: Several companies within the Vikas Group have earned ACMA Gold Awards, recognizing their outstanding achievements in manufacturing excellence and workforce development.

• Innovation Honors for Dr. S.K. Dhawan: Dr. S.K. Dhawan, the Managing Director of Vikas Lifecare Limited, has received multiple prestigious awards for his pioneering work in material sciences and innovation, including the Outstanding Scientist Award in 2009, the DST-Lockheed Martin Award for Innovation in 2014, followed by the National Award for Innovation in 2018.

• DSIR Accreditation (2023): In January 2023, the Department of Scientific and Industrial Research (DSIR) formally recognized Vikas Lifecare Limited for its continued dedication to research and innovation in science and technology.

 

CONCLUSION

 

In conclusion, Vikas Lifecare Ltd has significantly evolved over the years, emerging as a diversified player with a strong focus on sustainability and innovation. The company's strategic initiatives, such as its partnership with DRDO for eco-friendly product development and its commitment to expanding its manufacturing capabilities, reflect its ambitious growth trajectory. Despite facing some financial challenges in the short term, Vikas Lifecare’s long-term vision of contributing to the green materials sector is poised to position it as a leader in sustainable industrial solutions. As the company continues to build on its green technologies and expands its product portfolio, the Vikas Life share price is likely to be a key indicator of its market success. Investors should closely monitor the company's strategic developments, as they may present significant growth opportunities in the years ahead. 

 

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Frequently Asked Questions:

 

1. Is Vikas Lifecare share price considered undervalued?

 

With a PE ratio of -763.33, Vikas Lifecare’s share price is considered to be low and potentially undervalued. Valuation calculators can help determine if the Vikas Lifecare share price is positioned for future growth or remains underpriced.

 

2. Where can I check the vikas lifecare share price and updates?

Visit Enrich Money’s stock analysis page for real-time vikas lifecare share price and performance insights.

 

3. How does Vikas Lifecare's Earnings Per Share (EPS) influence its stock value?

Vikas Lifecare's earnings per share (EPS) is currently Rs -0.00, indicating no profit generated per share. This negative figure may deter investors, contributing to a decrease in the Vikas Lifecare share price.

 

4. What impact does Vikas Lifecare's sales growth have on its share price?

Vikas Lifecare has reported a negative sales growth of -9.94%, indicating poor financial performance. This may result in a short-term decline in Vikas Lifecare's stock value.

 

5. What has been the highest and lowesvikas lifecare share price in the past 52 weeks?

The highest vikas lifecare share price in the last 52 weeks is Rs. 6.03, while the 52-week's lowest vikas lifecare share price is Rs 2.28.

 

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