Vikas Ecotech bags orders valued Rs. 20 crores

Vikas Ecotech Limited has shared updates on order book for Speciality Compounds, the company has bagged orders valued INR 200 Million in the first half of Q1, 2022-23.

Vikas Ecotech Limited has been catering to the footwear Industry as one of the major target segments for Specialty compounds for Footwear Industry including veteran footwear brands like Relaxo Footwears Limited, Khadim India Limited, Ajanta Footwear and a vast number of O.E.M.s supplying to Brand names like Bugatti, Zara, and many more. Wherein Relaxo Footwear Limited is the largest footwear manufacturer in the whole of India, and a fortune 500 (India) company, Having a pan India distribution footprint, Relaxo also operates a 350+ strong network of own retail outlets, with availability on all major e commerce portals as well and Khadim India Limited is one of the leading footwear Brands in India, essentially the second largest retailer of footwear having a footprint spread across 23 states and 1 Union Territory with around 800 company owned retail stores and a network of 600 Distributors catering to thousands of Multi Brand Outlets, Ajanta Shoes Pvt Ltd present across the country operating with a network of 1000 Dealers & 20000 Retailers.

The Indian footwear market is growing at 15% CAGR and is set to exceed INR 1,10,000 million (USD 15 Billion) in 2022, with an estimated consumption of about 2.9 Billion pairs of footwear by 2025, India is also the second largest producer of footwear across the globe.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 3.66 as compared to the previous close of Rs. 3.49. The total number of shares traded during the day was 11280467 in over 2633 trades.

The stock hit an intraday high of Rs. 3.66 and intraday low of 3.40. The net turnover during the day was Rs. 40902281.00.

Source : Equity Bulls

Keywords

VikasEcoTech INE806A01020 OrderWin Footwear INR200Mn