Vikram Thermo (India) Ltd Stock Analysis

BSE: 530477 | NSE: | Chemicals | Small Cap

BSE Share Price Jan 17, 13:35
199.00 0.95 (0.48%)

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

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

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

10 Year X-Ray:

Analysis of Financial Track Record

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 35.7%27%22.2%10.6%13.3%12.4%5.9%9.6%13.1%18%-
Value Creation Index 1.60.90.6-0.2-0.1-0.1-0.6-0.3-0.10.3-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 36.137.743.337.238.445.348.658.255.973.685
YoY Gr. Rt. %-4.5%14.7%-14%3.3%17.8%7.4%19.8%-4.1%31.8%-
Adj EPS 10.31010.25.67.68.34.17.811.318.913.8
YoY Gr. Rt. %--2.6%2.2%-45.4%36%9.5%-51%90.4%45.7%67.2%-
BVPS (₹) 30.638.947.451.957.766.969.376.887104.7110.8
Adj Net Profit 5.85.65.73.14.24.62.34.37.111.99
Cash Flow from Ops. 65.45.31.925.73.33.81314.9-
Debt/CF from Ops. 0.20.40.320.313.63.70.50.7-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 8.2%13.9%14.8%31.8%
Adj EPS 7%20%66.8%67.2%
BVPS 14.712.714.820.4
Share Price 20.8% 10.8% 36.1% 9.6%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 39.228.923.711.313.913.4610.614.619.812.8
Op. Profit Mgn % 24.824.22012.52018.710.51521.324.615.2
Net Profit Mgn % 15.914.813.28.41110.34.77.412.716.110.1
Debt to Equity 0.10.10.10.100.20.30.30.10.20.1
Working Cap Days 118118117158175184200188233189187
Cash Conv. Cycle 55514983938610811812481109

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 14.82%

Net Profit is growing at healthy rate in last 3 years 66.79%

Sales growth is good in last 4 quarters at 37.82%

Return on Equity has declined versus last 3 years average to 12.80%

Latest Financials - Vikram Thermo (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 -
TTM Sales (₹ Cr.) 85.4 -
BVPS (₹.) 110.8 -
Reserves (₹ Cr.) 63 -
P/BV 1.79 -
PE 14.40 -
From the Market
52 Week Low / High (₹) 151.00 / 263.40
All Time Low / High (₹) 2.43 / 263.40
Market Cap (₹ Cr.) 124
Equity (₹ Cr.) 6.3
Face Value (₹) 10
Industry PE 45.3

Management X-Ray:

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

Analyst's Notes

News

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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