Vikram Thermo (India) Ltd - Stock Valuation and Financial Performance

BSE: 530477 | NSE: | Chemicals | Small Cap

Vikram Thermo(India) Share Price

172.10 -0.60 -0.35%
as on 01-Nov'24 18:59

DeciZen - make an informed investing decision on Vikram Thermo(India)

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Vikram Thermo (India) stock performance -

mw4me loader
P/E Ratio (SA):
145.00
Market Cap:
587.3 Cr.
52-wk low:
112
52-wk high:
235.1

Is Vikram Thermo (India) Ltd an attractive stock to invest in?

1. Is Vikram Thermo (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vikram Thermo (India) Ltd is a good quality company.

2. Is Vikram Thermo (India) Ltd undervalued or overvalued?

The key valuation ratios of Vikram Thermo (India) Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Vikram Thermo (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vikram Thermo (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Vikram Thermo(India):

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Vikram Thermo (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 16%20.1%19.4%8.1%13.6%17.5%24.2%15.4%24.6%30.8%-
Value Creation
Index
0.10.40.4-0.40.00.30.70.10.81.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 37.238.445.348.658.255.973.692.6112126128
Sales YoY Gr.-3.3%17.8%7.4%19.8%-4.1%31.8%25.8%20.5%13.3%-
Adj EPS 1.11.51.70.81.62.33.82.65.38.11.2
YoY Gr.-35.7%9.2%-50.6%89%45.8%67.7%-30.3%101.9%52.2%-
BVPS (₹) 10.411.513.413.915.417.42123.428.636.229.3
Adj Net
Profit
3.14.24.62.34.37.111.98.316.725.44
Cash Flow from Ops. 1.925.73.33.81314.9613.123.2-
Debt/CF from Ops. 20.313.63.70.50.72.51.40.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.6%16.8%19.8%13.3%
Adj EPS 24.6%39.2%28.9%52.2%
BVPS14.9%18.7%20%26.6%
Share Price 22% 59.9% 72.6% 49.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
11.313.913.4610.614.619.811.920.5253.6
Op. Profit
Mgn %
12.52018.710.51521.324.615.923.429.931.7
Net Profit
Mgn %
8.41110.34.77.412.716.28.91520.13.2
Debt to
Equity
0.100.20.30.30.10.20.20.20.1-
Working Cap
Days
15817518420018823318916516819297
Cash Conv.
Cycle
8393861081181248184859368

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.75%

Net Profit is growing at healthy rate in last 3 years 28.86%

Sales growth is good in last 4 quarters at 20.16%

Return on Equity has declined versus last 3 years average to 3.60%

Latest Financials - Vikram Thermo (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 -
TTM Sales (₹ Cr.) 128 -
BVPS (₹.) 29.3 -
Reserves (₹ Cr.) 67 -
P/BV 5.81 -
PE 145.00 -
From the Market
52 Week Low / High (₹) 112.00 / 235.10
All Time Low / High (₹) 0.49 / 235.10
Market Cap (₹ Cr.) 587
Equity (₹ Cr.) 34.5
Face Value (₹) 10
Industry PE 57.6

Management X-Ray of Vikram Thermo(India):

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vikram Thermo(India)

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3738454958567493112126
Operating Expenses 33313743494455788589
Manufacturing Costs3433346689
Material Costs23202430352835575758
Employee Cost 445666781110
Other Costs 335556771011
Operating Profit 588591218152638
Operating Profit Margin (%) 12.5%20.0%18.7%10.5%15.0%21.2%24.6%15.9%23.4%29.7%
Other Income 1000000111
Interest 0001111111
Depreciation 1112222333
Exceptional Items 0000000000
Profit Before Tax 56736916122334
Tax 2231224369
Profit After Tax 3452471291725
PAT Margin (%) 8.4%11.0%10.4%4.8%7.6%13.0%16.4%9.4%15.2%20.1%
Adjusted EPS (₹)1.11.51.70.81.62.33.92.85.48.1
Dividend Payout Ratio (%)13%20%20%12%19%13%8%2%9%9%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 293237394355667390114
Share Capital 666666663131
Reserves 23273233374859675882
Minority Interest0000000000
Debt41510123713175
Long Term Debt0045637975
Short Term Debt40156004100
Trade Payables6576589101113
Others Liabilities 2385111418151626
Total Liabilities 414157607081100111133157

Fixed Assets

Gross Block18272233384141647579
Accumulated Depreciation81013568111417
Net Fixed Assets10172130343432536161
CWIP 91740618001
Investments 00000110111115
Inventories4465579121015
Trade Receivables13151419222020243339
Cash Equivalents 3000320243
Others Assets138271010101422
Total Assets 414157607081100111133157

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 22634131561323
PBT 56736916122334
Adjustment 0112334345
Changes in Working Capital -2-4-1-1-43-1-6-8-7
Tax Paid -1-2-2-1-1-2-4-3-6-9
Cash Flow From Investing Activity -3-1-10-8-2-10-19-7-13-9
Capex -20-11-8-2-9-11-7-13-7
Net Investments 00000-1-900-3
Others -2000000-100
Cash Flow From Financing Activity 1-4441-4331-14
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00511-241-2-2
Interest Paid 000-1-1-1-1-1-1-1
Dividend Paid -10-1-10-1-1-1-1-2
Others 2-40410045-10
Net Cash Flow 0-2003-1-1120
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.2613.8713.546.1710.8614.8520.0712.4920.7324.98
ROCE (%)15.9720.1319.368.113.5917.4824.2415.3824.6330.78
Asset Turnover Ratio1.071.051.020.850.890.740.820.880.920.87
PAT to CFO Conversion(x)0.670.51.21.511.861.250.670.760.92
Working Capital Days
Receivable Days108120106121127136988693105
Inventory Days38343742324141413536
Payable Days92958775578689596673

Vikram Thermo (India) Ltd Stock News

Vikram Thermo (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vikram Thermo(India) on 01-Nov-2024 18:59 is ₹172.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Nov-2024 18:59 the market cap of Vikram Thermo(India) stood at ₹587.2.
The latest P/E ratio of Vikram Thermo(India) as of 01-Nov-2024 18:59 is 145.0.
The latest P/B ratio of Vikram Thermo(India) as of 01-Nov-2024 18:59 is 5.81.
The 52-week high of Vikram Thermo(India) is ₹235.1 and the 52-week low is ₹112.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vikram Thermo(India) is ₹128.0 ( Cr.) .

About Vikram Thermo (India) Ltd

Vikram Enterprise, was established in 1984 in Chhatral, near Ahmedabad first time in India with its first plant for manufacturing Diphenyl Oxide. It entered the market against stuff competition. It gained a good marketing strength against imported products and expanded its production capacity to 300 tons a year. Another new plant was set up in 1989 in the name of Vikram Aroma Private Ltd. at Indrad  near Chhatral with capacity of 300 tons/year. Both the companies made considerable progress in terms of production volume, efficient good manufacturing practices, market development and sales established through dealers network in major industrial centers in India. Also, the international markets were established in Kenya, Europe & U.S.A.

Vikram Thermo India has been promoted for forward integration and diversification programme. The company has set up a new plant at Dhanot, near Chhatral for production of 'V-Therm HT' which is a mixture of Diphenyl and Diphenyl Oxide with capacity of 1200 tons a year and first time in India, commercial production started from the local materials. Another new plant was set up by `Vikram Thermo India for the production of 'Drug Coat' a polymer which is used in tablet coating for enteric coating and film coating. The company was incorporated on March 11,1994 under the Companies Act 1956 with Registrar of Companies - Gujarat and obtained certificate of commencement of business on March 21 ,1994.

The company proposed to manufacture Heat Transfer Fluid (HTF) at village Dhanot Taluka Kalol Dist. Mehsana Gujarat India with an installed capacity of 1200TPA. HTF is being currently imported under the popular brand DOW THERM A.

Most of the products manufactured by these groups of companies were imported and only through constant Research and Development work in their R & D center, they produced them in India. All these products have good manufacturing practices and manufacture world class quality products.

Products manufactured by the company includes:

  • Methacrylic Acid Copolymer Drugcoat - L 100 is an anionic copolymer based on methacrylic acid and methyl methacrylate. The copolymer corresponds to USP/NF 'Methacrylic Acid copolymer. Type A'It is insoluble in acids and pure water. It becomes soluble in a neutral to weakly alkaline milieu by forming salts with alkalis, thus affording enteric film coatings which are soluble in intestinal juice.
  • Aqueous Acrylic Resin DispersionDrugcoat-L 30D is an aqueous dispersion of an anionic copolymer based on Methacrylic acid. The polymer corresponds to USP24/NF19 'Methacrylic Acid Copolymer Dispersion'.It is soluble in a neutral to weakly alkaline milieu by forming salts with alkalis, thus affording Enteric film coating which are soluble in intestinal juice.Aqueous Acrylic Polymer Dispersion (Polyacrylate Dispersion 30%) for controlled - release permeable film coatingDrugcoat Ne 30D is the aqueous dispersion of a neutral copolymer based on ethyl acrylate.
  • Methacrylic Acid CopolymerDrugcoat L 100-55 is an anionic copolymer based on methacrylic acid and ethyl acrylate. It is insoluble in acids and pure water. The polymer corresponds to USP/NF 'Methacrylic Acid Copolymer, Type C'.It becomes soluble in a neutral to weakly alkaline milieu by forming salts with alkalis, thus affording film coatings which are resistant to gastric juice but freely soluble in intestinal juice
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