Vikas Ecotech Rallies 2.95% After Winning ₹2.8 Crore Order from Polycab for Q2FY26
By Shishta Dutta | Updated at: Jan 7, 2026 02:51 PM IST
New Delhi, July 21, 2025 – Vikas Ecotech Ltd (NSE: VIKASECO, BSE: 530961) witnessed a sharp uptick, gaining 2.95%, after the company secured a significant fire-retardant materials order worth ₹2.8 crore from Polycab India Ltd for the second quarter of FY2025–26.
According to the exchange filing, the order pertains to the supply of 400 metric tonnes of Aluminium Trihydrate (ATH) and is scheduled to be executed within three months. The development reaffirms the company’s position in the speciality chemicals segment, particularly in fire-retardant materials.
Intraday Price and Market Action
| Metric | Value (₹) |
|---|---|
| Previous Close | 2.37 |
| Open | 2.40 |
| High | 2.47 |
| Low | 2.39 |
| Last Traded Price | 2.43 (+2.53%) |
| VWAP | 2.43 |
| 52-Week High (01-Aug-2024) | 4.50 |
| 52-Week Low (09-May-2025) | 2.12 |
Volume and Market Statistics
| Trade Information | Figures |
|---|---|
| Traded Volume | 16.65 lakh shares |
| Traded Value | ₹0.40 crore |
| Total Market Cap | ₹431.56 crore |
| Free Float Market Cap | ₹293.99 crore |
| % Deliverable Traded Quantity | 61.03% |
| Impact Cost | 0.29 |
| Annualised Volatility | 50.06% |
Deal Snapshot: Polycab Order Details
| Parameter | Details |
|---|---|
| Customer | Polycab India Limited |
| Order Size | ₹2.8 crore |
| Material | Aluminium Trihydrate (ATH) |
| Volume | 400 metric tonnes |
| Execution Period | 3 months |
| Transaction Type | Domestic, Non-related party |
| Regulation Reference | SEBI LODR Reg 30 read with SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 |
The order marks a repeat engagement with Polycab, highlighting trust in Vikas Ecotech’s product quality and supply chain capabilities. ATH is a widely used non-toxic fire retardant, witnessing growing demand amid stricter safety norms in infrastructure, construction, automotive, and cable sectors.
What The Company Said
The company stated that this order strengthens its position in the fast-growing fire-retardant materials market and showcases its operational efficiency in fulfilling bulk speciality orders within strict timelines.
Strategic Outlook
Vikas Ecotech is the only domestic manufacturer of Organotin stabilisers for vinyl applications and continues to diversify its product portfolio across speciality polymers and additives. The company aims to expand its presence in safety-enhancing materials, driven by the growing regulatory and industrial push for fire safety. The Indian fire retardant chemicals market is projected to grow at a CAGR of over 6% in the coming years, providing Vikas Ecotech with significant expansion opportunities.
About Vikas Ecotech Ltd
Vikas Ecotech Ltd is a Delhi-based specialty chemicals company engaged in manufacturing additives and polymers catering to sectors like infrastructure, electricals, automotive, and packaging. Listed on both NSE and BSE, it operates manufacturing units in Rajasthan and Uttar Pradesh. The company is the only domestic producer of Organotin and has also ventured into infrastructure and plasticizer manufacturing.
REF: https://nsearchives.nseindia.com/corporate/VIKASECO_18072025161721_MR_VEL_18072025f__1_.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
