Vikas Lifecare Ltd: History, Latest Updates, Milestones, Subsidiaries, and Share Price
INTRODUCTION
Vikas Lifecare Limited is part of India’s evolving industrial landscape and has steadily transformed from a polymer and chemical trading business into a diversified company focused on sustainability, innovation, and value-added manufacturing. Originally incorporated as Vikas Multicorp Ltd, the company later rebranded to Vikas Lifecare Ltd to reflect its broader long-term vision.
Today, the company operates across segments such as polymer compounds, rubber chemicals, recycled materials, and biodegradable plastics. Its strategic initiatives and sustainability-focused expansion plans have helped attract market attention, with the Vikas Lifecare share price becoming closely watched by investors.
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Vikas Lifecare Ltd moves in 2026
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April 15, 2026: Vikas Lifecare issued a postal ballot notice seeking shareholder approval for the allotment of 61.90 crore fully convertible warrants worth Rs. 99.05 crore. The proposal also includes an increase in authorised share capital from Rs. 235 crore to Rs. 300 crore.
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April 11, 2026: The company’s board approved plans to raise up to Rs. 200 crore through a preferential issue of warrants and/or equity shares in one or more tranches, aimed at strengthening finances and supporting future expansion.
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March 30, 2026: The company extended the closure of its trading window due to delays in finalising financial results for pending quarters and the year-end period.
Vikas Lifecare Ltd moves in 2025
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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.
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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.
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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.
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The agreement centers around DRDO's innovative technology for granules used in biodegradable bags, providing a sustainable alternative to conventional single-use polyethylene.
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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.
|
Name |
Vikas Lifecare Limited |
|
Founded year |
1995 |
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Key People |
Dr. Sundeep Kumar Dhawan (Managing Director) and Mr. Chandan Kumar(Executive Director & CFO) |
|
Headquarters |
New Delhi, India |
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Subsidiaries |
Genesis Gas Solutions Private Limited M/s Portfolio Managing Events LLC MSR Apparels Private Limited Shashi Beriwal & Company Pvt Ltd Crystal Sugar and allied products |
|
Sector |
Petrochemicals |
|
Nse code |
VIKASLIFE |
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Bse code |
542655 |
Timeline of Vikas Lifecare Ltd:
|
Year |
Key Developments |
|
1995 |
Company was originally founded under the name Vikas Multicorp Limited. |
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2017 |
Undertook a structural change by separating its trading unit operations. |
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2019–20 |
Diversified into FMCG by initiating a cashew processing business. |
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2020 |
The company broadened its trading activities by adding both raw and processed cashew nuts to its product mix. |
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2021 |
Officially rebranded from Vikas Multicorp Ltd. to Vikas Lifecare Ltd. |
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2021 |
Successfully completed registration under the Ethanol Production Promotion Policy introduced that year. |
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2021 |
Offered rights issue shares at Rs. 1 with a premium of Rs. 1.8, in a 4:21 shareholding ratio. |
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2022 |
Acquired Genesis Gas Solutions Pvt. Ltd.;clinched orders worth Rs. 55 million for the supply of ultrasonic gas meters. |
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2023 |
Genesis Gas Solutions, a Vikas Lifecare subsidiary, was awarded gas meter supply contracts by Indraprastha Gas Ltd. |
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2024 |
Entered into a tech collaboration with DRDO to manufacture biodegradable plastic granules. |
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2024 |
Agro Products Division bagged new cashew orders worth Rs. 110 million, boosting its FMCG footprint. |
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:
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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%.
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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.
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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
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COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
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Vikas Lifecare Ltd |
Finance |
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Achievements and Milestones:
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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.
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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.
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ACMA Gold Awards: Several companies within the Vikas Group have earned ACMA Gold Awards, recognizing their outstanding achievements in manufacturing excellence and workforce development.
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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.
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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
Vikas Lifecare Limited has evolved significantly over the years, emerging as a diversified business with a strong focus on sustainability, innovation, and next-generation materials. The company’s strategic initiatives, including eco-friendly product development and manufacturing expansion, reflect its long-term growth ambitions.
Its continued emphasis on green technologies, polymer solutions, and product diversification positions the company to benefit from changing industrial demand and environmental trends. As the business expands its footprint, the Vikas Lifecare share price may remain an important indicator of investor confidence and future growth potential.
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Frequently Asked Questions:
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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.
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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.
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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.
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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.
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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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