Vikram Thermo (India) Ltd.
BSE: VIKRAMTH · Commodity Chemicals · sector
₹332.85BSE close 2026-10-26
Key numbers
Market cap₹1,044 cr
Price₹332.85
52w high / low₹465 / ₹132
P/E23.8xSector median 15.2x
P/B6.7xSector median 1.3x
Book value₹50.0
Dividend yield0.30%Sector median 0.84%
ROE31.5%Sector median 7.2%
ROCE37.1%Sector median 9.4%
OPM42.0%Sector median 8.6%
Debt / equity0.03xSector median 0.25x
EV/EBITDA16.9xSector median 11.6x
Interest cover131.7x
Current ratio3.30x
Sales growth 3y+6.3%Sector median +1.0%
Profit growth 3y+31.6%Sector median -11.1%
PEG0.76x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹27 cr vs borrowings ₹5 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 131.7x in the last 12 months.
- Other income was 6% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹332.85 on 2026-10-26: -28.4% from the 52-week high, +152.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹405.90 · low ₹138.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 27 | 29 | 35 | 34 | 38 | 38 |
| EBITDA | 7 | 11 | 15 | 15 | 12 | 18 |
| OPM % | 24.6% | 39.5% | 44.7% | 44.5% | 31.7% | 47.6% |
| Other income | 1 | 0 | 0 | 0 | 1 | 1 |
| Net profit | 4 | 8 | 11 | 11 | 9 | 13 |
| EPS (₹) | 1.30 | 2.53 | 3.53 | 3.50 | 2.72 | 4.24 |
| Revenue YoY | +39.3% | +32.4% | ||||
| Profit YoY | +109.3% | +67.3% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 93 | 112 | 126 | 126 | 134 | 144 |
| EBITDA | 15 | 26 | 38 | 19 | 54 | 61 |
| Net profit | 9 | 17 | 25 | 8 | 38 | 44 |
| EPS (₹) | 13.86 | 5.39 | 8.09 | 2.58 | 12.28 | 13.99 |
| Revenue growth | +20.5% | +13.3% | -0.1% | +6.2% | – | |
| Profit growth | +94.6% | +50.1% | -68.1% | +375.3% | – | |
| Dividend / share (₹) | – | 0.30 | 0.50 | 0.75 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.3% | – | – |
| Net profit | +31.6% | – | – |
| EPS | +31.6% | – | – |
| Share price | – | +41.1% (2y) | +102.0% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 121 | 157 |
| Borrowings | 6 | 5 |
| Cash & equivalents | 1 | 27 |
| Total assets | 146 | 188 |
| Fixed assets | 45 | 57 |
| Capital work in progress | 0 | 0 |
| Investments | 0 | 0 |
| Receivables | 44 | 46 |
| Inventory | 11 | 10 |
| Payables | 10 | 12 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 24 | 52 |
| Cash from investing | -22 | -41 |
| Cash from financing | -4 | -5 |
| Capex | 40 | 10 |
| Free cash flow | -16 | 42 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 6.7% | 24.5% |
| ROCE % | 15.4% | 32.6% |
| Debtor days | 128 | 125 |
| Inventory days | 76 | 87 |
| Payable days | 74 | 104 |
| Cash conversion cycle (days) | 130 | 108 |
| Working capital days | 123 | 161 |
Peers in Commodity Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SRF | ₹69,362 cr | 30.4x | 4.5x | 16.0% | 15.2% | 21.4% | +373.5% | 0.38% |
| TATACHEM | ₹15,184 cr | – | 0.7x | -10.1% | -4.2% | -1.6% | -4.6% | 1.84% |
| DEEPAKFERT | ₹14,422 cr | 14.7x | 2.1x | 15.1% | 13.6% | 16.7% | +0.6% | 0.89% |
| GNFC | ₹7,634 cr | 7.4x | 0.8x | 11.7% | 15.2% | 14.8% | -8.7% | 3.41% |
| TANFACIND | ₹4,989 cr | 66.3x | 13.4x | 19.7% | 20.5% | 15.5% | +23.8% | – |
| GUJALKALI | ₹4,043 cr | 60.9x | 0.8x | 1.2% | 3.6% | 11.3% | -1.2% | 2.88% |
| GRAUWEIL | ₹3,537 cr | 22.1x | 3.3x | 15.9% | 19.6% | 15.3% | +6.8% | 0.64% |
| GHCL | ₹3,486 cr | 6.7x | 1.0x | 14.9% | 19.9% | 24.8% | -12.3% | 3.29% |
| JGCHEM | ₹2,190 cr | 29.1x | 4.1x | 15.1% | 19.8% | 8.9% | – | 0.18% |
| VIKRAMTH | ₹1,044 cr | 23.8x | 6.7x | 31.5% | 37.1% | 42.0% | +6.3% | 0.30% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-22 | Dividend | Final Dividend Rs 1.25 |
| 2025-09-19 | Dividend | Final Dividend Rs 1.0 |
| 2024-09-23 | Dividend | Final Dividend Rs 0.75 |
| 2023-09-15 | Dividend | Final Dividend Rs 0.5 |
| 2022-09-08 | Dividend | Final Dividend Rs 0.3 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Commodities |
| Industry | Commodity Chemicals |
| Sub-industry | Commodity Chemicals |
| Symbol | VIKRAMTH |
| BSE code | 530477 |
| ISIN | INE337E01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.