X

Vikram Thermo (India) Ltd. Stock Analysis

Small Cap
Evaluated by 280 users | BSE: 530477 | NSE: |
Chemicals
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...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 23.68%35.73%27.02%22.15%10.61%13.28%12.41%5.88%9.56%13.07%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 29.336.137.743.337.238.445.348.658.255.9
Y-o-Y Gr. Rt.-23.2%4.5%14.7%-14%3.3%17.8%7.4%19.8%-4.1%
Adjusted EPS (Rs.) 5.4210.2910.0210.245.597.68.324.087.7711.32
Y-o-Y Gr. Rt.-89.9%-2.6%2.2%-45.4%36%9.5%-51%90.4%45.7%
Book Value per Share (Rs.) 21.9530.5538.8847.3551.9257.7166.8969.3276.8486.97
Adjusted Net Profit 35.85.65.73.14.24.62.34.37.1
Net Op. Cash Flow (Rs. Cr.) 2.965.45.31.925.73.33.813
Debt to Cash Flow from Ops 0.690.190.360.3320.291.033.613.690.45
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Vikram Thermo (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.4%8.5%7.3%-4.1%
Adjusted EPS 8.5%15.2%10.8%45.7%
Book Value per Share 16.510.99.113.2
Share Price 23.8% 22% 16.8% 94.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.9439.2128.8623.7411.2613.8713.355.9910.6314.57
Operating Profit Margin (%) 18.7724.7924.1519.9812.4819.9918.6810.5315.0121.25
Net Profit Margin (%) 10.3315.9214.8313.218.3811.0410.264.697.4412.71
Debt to Equity 0.160.070.090.070.130.020.160.310.330.11
Working Capital Days 124118118117158175184200188221
Cash Conversion Cycle 64555149839386108118124
Entity Percentage Holding
Promoters 65.40%
Non-Institutions 34.59%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Vikram Thermo(India)'s performance infers:

Vikram Thermo(India) earnings have grown by 15.2%, whereas share price has appreciated 22% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Vikram Thermo(India) share prices over the last 10 years. Here is what we found out:

Vikram Thermo(India) share price has appreciated 21.2% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback