Vikram Thermo (India) Ltd Stock Analysis

BSE: 530477 | NSE: | Chemicals | Small Cap

BSE Share Price 07-Feb-2023 18:01
66.80 1.20 (1.83%)

DeciZen - Make an Informed Decision on Vikram Thermo(India)

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Vikram Thermo(India) Price Chart

P/E Ratio ( SA) :
15.02
Market Cap :
205.7 Cr.
52-wk low :
30.6
52-wk high :
74
Bole Toh?

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 average 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 Semi Strong which suggest that the price of Vikram Thermo (India) Ltd is likely to Rise-somewhat 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 27%22.2%10.6%13.3%12.4%5.9%9.6%13.1%18%11.2%-
Value Creation Index 0.90.6-0.2-0.1-0.1-0.6-0.3-0.10.3-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 37.743.337.238.445.348.658.255.973.692.697
YoY Gr. Rt. %-14.7%-14%3.3%17.8%7.4%19.8%-4.1%31.8%25.8%-
Adj EPS 22.11.11.51.70.81.62.33.82.74.4
YoY Gr. Rt. %-2.5%-45.4%35.7%9.2%-50.6%89%45.8%67.7%-27.7%-
BVPS (₹) 7.89.510.411.513.413.915.417.42123.426.3
Adj Net Profit 5.65.73.14.24.62.34.37.111.98.614
Cash Flow from Ops. 5.45.31.925.73.33.81314.96-
Debt/CF from Ops. 0.40.320.313.63.70.50.72.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.5%15.4%16.7%25.8%
Adj EPS 3.6%10.5%20.9%-27.7%
BVPS 1311.915.111.8
Share Price 20.3% 24.9% 50% 82.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 28.923.711.313.913.4610.614.619.812.417.6
Op. Profit Mgn % 24.22012.52018.710.51521.324.615.921.4
Net Profit Mgn % 14.813.28.41110.34.77.412.716.29.314.1
Debt to Equity 0.10.10.100.20.30.30.10.20.20.1
Working Cap Days 118117158175184200188233189165166
Cash Conv. Cycle 51498393861081181248184103

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.60%

Sales growth is growing at healthy rate in last 3 years 16.70%

Net Profit is growing at healthy rate in last 3 years 20.91%

Sales growth is good in last 4 quarters at 15.71%

No data to display

Latest Financials - Vikram Thermo (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 4.4 -
TTM Sales (₹ Cr.) 97.2 -
BVPS (₹.) 26.3 -
Reserves (₹ Cr.) 51 -
P/BV 2.50 -
PE 15.02 -
From the Market
52 Week Low / High (₹) 30.60 / 74.00
All Time Low / High (₹) 0.49 / 74.00
Market Cap (₹ Cr.) 206
Equity (₹ Cr.) 31.4
Face Value (₹) 10
Industry PE 31.5

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 (%)

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 07-Feb-2023 18:01 is : 66.80.
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 07-Feb-2023 18:01 the market cap of Vikram Thermo(India) stood at ₹ 205.7.
The latest PE ratio of Vikram Thermo(India) as of 07-Feb-2023 18:01 is 15.02.
The latest PB ratio of Vikram Thermo(India) as of 07-Feb-2023 18:01 is 2.50
The 52-week high of Vikram Thermo(India) is ₹ 74.00 and the 52-week low is ₹ 30.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Vikram Thermo(India) is ₹ 97.24 ( 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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