What is Vikram Thermo (India) Ltd (530477) share price return in the past 10 years?

Vikram Thermo (India) Ltd share price has appreciated 29.3% annually (CAGR) over the past ten years.

What is the share price of Vikram Thermo (India) Ltd (530477)?

Company share prices are keep on changing according to the market conditions. The current trading price of Vikram Thermo (India) Ltd (530477) on 02-Jul-2026 16:59:59 at 16:59 is 235.05.

What is the P/E ratio of Vikram Thermo (India)?

The latest standalone P/E ratio of Vikram Thermo (India) as of 02-Jul-2026 is 19.15.

What is the P/B ratio of Vikram Thermo (India) Ltd (530477)?

The latest standalone P/B ratio of Vikram Thermo (India) Ltd (530477) as of 02-Jul-2026 is 4.70.

What is the 52-week high and low of Vikram Thermo (India) Ltd (530477)?

The 52-week high of Vikram Thermo (India) Ltd (530477) is Rs. 253.50 and the 52-week low is Rs. 130.60.

Vikram Thermo (India) Ltd (530477) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Vikram Thermo (India) Ltd (530477)
Brand: Vikram Thermo (India)

Key Metrics

Valuation Multiples

Market Cap

₹737 Cr.

Current Price

₹235.1

52-Week Low / High

₹131 / 254

TTM EPS

₹12.3

TTM Sales

₹134 Cr.

Book Value per Share

₹50

P/E Ratio

19.15

Higher than its 5-year historical median

Industry PE

52.9

Price to Book (P/B)

4.70

Higher than its 5-year historical median

Price to Sales (P/S)

5.50

Higher than its 5-year historical median

EV/EBITDA

13.21

Higher than its 5-year historical median

Dividend Yield

0.43%

Profitability Efficiency

Return on Equity (ROE)

28.73%

Outperforms industry median

Return on Capital Employed (ROCE)

36.29%

Outperforms industry median

Return on Assets (ROA)

20.57%

Operating Profit Margin

35.4%

Net Profit Margin

26.74%

Gross Profit Margin

37%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

24.65%

Operating Profit Growth (1 Year)

Slowing versus 3-year growth rate

20.26%

Net Profit Growth (1 Year)

Slowing versus 3-year growth rate

29.55%

Asset Quality

Promoter Holding

66.01%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹126 Cr.

Equity

₹31.4 Cr.

Face Value

₹10

All Time Low / High

₹0.49 / 253.50

Vikram Thermo (India) stock performance

Key Ratios

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Quality

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Valuation

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Price Trend

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

Vikram Thermo (India) Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Vikram Thermo (India) Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Vikram Thermo (India) Ltd vs industry peers?

Vikram Thermo (India) Ltd revenue CAGR is 17.71%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Vikram Thermo (India) Ltd?

Promoters hold 66.01% of the Vikram Thermo (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Vikram Thermo (India) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 25.8% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	20.1%	19.4%	8.1%	13.6%	17.5%	24.2%	15.4%	24.6%	31.3%	36.3%	-
Value Creation Index ⓘ	0.4	0.4	-0.4	0.0	0.3	0.7	0.1	0.8	1.2	1.6	-
Growth Parameters ⓘ
Sales ⓘ	38.4	45.3	48.6	58.2	55.9	73.6	92.6	112	101	126	134
Sales YoY Gr.	-	17.8%	7.4%	19.8%	-4.1%	31.8%	25.8%	20.5%	-9.2%	24.7%	-
Adj EPS ⓘ	1.5	1.7	0.8	1.6	2.3	3.8	2.6	5.3	8.3	10.5	12.3
YoY Gr.	-	9.2%	-50.6%	89%	45.8%	67.7%	-30.3%	101.9%	56.5%	25.7%	-
BVPS (₹) ⓘ	11.5	13.4	13.9	15.4	17.4	21	23.4	28.6	36.2	38.7	50
Adj Net Profit ⓘ	4.2	4.6	2.3	4.3	7.1	11.9	8.3	16.7	26.2	32.9	39
Cash Flow from Ops. ⓘ	2	5.7	3.3	3.8	13	14.9	6	13.1	23.2	23.6	-
Debt/CF from Ops. ⓘ	0.3	1	3.6	3.7	0.5	0.7	2.5	1.4	0.3	0.3	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.1%	17.7%	10.9%	24.7%
Adj EPS ⓘ	23.9%	35.9%	58.3%	25.7%
BVPSⓘ	14.4%	17.4%	18.2%	7%
Share Price	29.3%	41.7%	36.5%	52.4%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	13.9	13.4	6	10.6	14.6	19.8	11.9	20.5	25.7	28	27.7
Op. Profit Mgn % ⓘ	20	18.7	10.5	15	21.3	24.6	15.9	23.4	36.9	35.4	39.9
Net Profit Mgn % ⓘ	11	10.3	4.7	7.4	12.7	16.2	8.9	15	25.8	26	28.7
Debt to Equity ⓘ	0	0.2	0.3	0.3	0.1	0.2	0.2	0.2	0.1	0.1	0
Working Cap Days ⓘ	175	184	201	189	233	189	165	168	240	291	99
Cash Conv. Cycle ⓘ	93	86	108	118	124	81	84	85	108	105	68

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	38	45	49	58	56	74	93	112	101	126
Operating Expenses ⓘ +	31	37	43	49	44	55	78	85	64	82
Manufacturing Costs	4	3	3	3	4	6	6	8	6	7
Material Costs	20	24	30	35	28	35	57	57	39	51
Employee Cost	4	5	6	6	6	7	8	11	9	11
Other Costs ⓘ	3	5	5	5	6	7	7	10	10	11
Operating Profit ⓘ	8	8	5	9	12	18	15	26	37	45
Operating Profit Margin (%)	20.0%	18.7%	10.5%	15.0%	21.2%	24.6%	15.9%	23.4%	36.7%	35.4%
Other Income ⓘ +	0	0	0	0	0	0	1	1	1	3
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	0	0	1	1	1	1	1	1	1	1
Depreciation ⓘ	1	1	2	2	2	2	3	3	2	3
Profit Before Tax ⓘ	6	7	3	6	9	16	12	23	35	44
Tax ⓘ	2	3	1	2	2	4	3	6	9	10
Profit After Tax	4	5	2	4	7	12	9	17	26	34
PAT Margin (%)	11.0%	10.4%	4.8%	7.6%	13.0%	16.4%	9.4%	15.2%	25.7%	26.7%
Adjusted EPS (₹)	1.5	1.7	0.8	1.6	2.3	3.9	2.8	5.4	8.3	10.8
Dividend Payout Ratio (%)	19.70%	19.60%	11.90%	18.90%	13%	7.80%	2.20%	9.30%	9%	9.30%

Valuation of Vikram Thermo(India) - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	32	37	39	43	55	66	73	90	114	121
Share Capital ⓘ	6	6	6	6	6	6	6	31	31	31
Reserves ⓘ	27	32	33	37	48	59	67	58	82	90
Debt +	1	5	10	12	3	7	13	17	5	4
Long Term Debt	0	4	5	6	3	7	9	7	5	2
Short Term Debt	0	1	5	6	0	0	4	10	0	2
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	5	7	6	5	8	9	10	11	13	10
Others Liabilities ⓘ	3	8	6	11	14	18	15	16	26	36
Total Liabilities ⓘ	41	57	61	70	81	100	111	133	157	172
Fixed Assets
Net Fixed Assets ⓘ +	17	21	30	34	34	32	53	61	61	45
Gross Block	27	22	33	38	41	41	64	75	79	57
Accumulated Depreciation	10	1	3	5	6	8	11	14	17	12
CWIP ⓘ	1	7	4	0	6	18	0	0	1	0
Investments ⓘ	0	0	0	0	1	10	11	11	15	0
Inventories	4	6	5	5	7	9	12	10	15	11
Trade Receivables	15	14	19	22	20	20	24	33	39	44
Cash Equivalents	0	0	0	3	2	0	2	4	3	1
Others Assets ⓘ	3	8	3	7	10	10	10	14	22	71
Total Assets ⓘ	41	57	61	70	81	100	111	133	157	172

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	2	6	3	4	13	15	6	13	23	24
PBT ⓘ	6	7	3	6	9	16	12	23	34	18
Adjustment ⓘ	1	1	2	3	3	4	3	4	5	26
Changes in Working Capital ⓘ	-4	-1	-1	-4	3	-1	-6	-8	-7	-9
Tax Paid ⓘ	-2	-2	-1	-1	-2	-4	-3	-6	-9	-12
Cash Flow From Investing Activity ⓘ +	-1	-10	-8	-2	-10	-19	-7	-13	-9	-22
Capex	-0	-11	-8	-2	-9	-11	-7	-13	0	0
Net Investments	0	0	0	-0	-1	-9	0	-0	-3	16
Others ⓘ	-0	0	0	0	0	0	-1	0	-7	-38
Cash Flow From Financing Activity ⓘ +	-4	4	4	1	-4	3	3	1	-14	-4
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	5	1	1	-2	4	1	-2	-2	-2
Interest Paid ⓘ	-0	-0	-1	-1	-1	-1	-1	-1	-1	-1
Dividend Paid ⓘ	-0	-1	-1	-0	-1	-1	-1	-1	-2	-2
Others ⓘ	-4	0	4	1	-0	0	4	5	-10	2
Net Cash Flow ⓘ	-2	-0	-0	3	-1	-1	1	2	-0	-3

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	13.87	13.54	6.17	10.86	14.85	20.07	12.49	20.73	25.65	28.73
ROCE (%)	20.13	19.36	8.1	13.59	17.48	24.24	15.38	24.63	31.33	36.29
Asset Turnover Ratio	1.05	1.02	0.85	0.89	0.74	0.82	0.88	0.92	0.7	0.77
PAT to CFO Conversion(x)	0.5	1.2	1.5	1	1.86	1.25	0.67	0.76	0.88	0.71
Working Capital Days
Receivable Days	119.80	105.60	120.50	127.40	136.20	98.30	85.90	93.30	130.90	120.80
Inventory Days	34.30	36.90	41.70	32	41	40.80	40.90	35.30	44.30	36.60
Payable Days	95.20	87.10	75.30	56.60	86	88.50	59.50	65.80	109.50	82.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vikram Thermo (India) Ltd FAQs

The current trading price of Vikram Thermo(India) on 02-Jul-2026 16:59 is ₹235.1.

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-Jul-2026 the market cap of Vikram Thermo(India) stood at ₹737.1 Cr

The latest P/E ratio of Vikram Thermo(India) as of 01-Jul-2026 is 19.15.

The latest P/B ratio of Vikram Thermo(India) as of 01-Jul-2026 is 4.70.

The 52-week high of Vikram Thermo(India) is ₹253.5 and the 52-week low is ₹130.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vikram Thermo(India) is ₹134 ( Cr.) .

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

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.

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.

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

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Vikram Thermo (India) Ltd (530477)

Vikram Thermo (India) Ltd (530477)

Vikram Thermo (India) stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Vikram Thermo(India) - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vikram Thermo (India) Ltd FAQs

What is the share price of Vikram Thermo(India)?

What is the market cap of Vikram Thermo(India)?

What is the P/E ratio of Vikram Thermo(India)?

What is the P/B ratio of Vikram Thermo(India)?

What is the 52-week high and low of Vikram Thermo(India)?

What is the TTM revenue of Vikram Thermo(India)?

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

Is Vikram Thermo (India) Ltd undervalued or overvalued?

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

About Vikram Thermo (India) Ltd

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