Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34 | 24 | 27 | 31 | 34 | 34 | 27 | 29 | 35 | 34 | 38 | 38 |
| Expenses | 22 | 15 | 20 | 20 | 21 | 21 | 20 | 17 | 19 | 19 | 26 | 20 |
| Operating Profit | 12 | 9 | 7 | 12 | 12 | 13 | 7 | 11 | 15 | 15 | 12 | 18 |
| OPM % | 36% | 39% | 27% | 37% | 37% | 39% | 25% | 40% | 45% | 44% | 32% | 48% |
| Other Income | 0 | 0 | -0 | -24 | -0 | -0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 11 | 9 | 6 | -13 | 12 | 12 | 7 | 11 | 15 | 15 | 12 | 18 |
| Tax % | 26% | 27% | 23% | 23% | 16% | 23% | 41% | 25% | 25% | 25% | 29% | 26% |
| Net Profit | 8 | 6 | 5 | -16 | 10 | 9 | 4 | 8 | 11 | 11 | 9 | 13 |
| EPS in Rs | 2.63 | 2.05 | 1.57 | -5.04 | 3.12 | 2.87 | 1.30 | 2.53 | 3.53 | 3.49 | 2.71 | 4.23 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 38 | 45 | 49 | 58 | 56 | 74 | 93 | 112 | 101 | 126 | 134 | 144 |
| Expenses | 31 | 37 | 44 | 49 | 44 | 55 | 78 | 85 | 64 | 82 | 80 | 84 |
| Operating Profit | 8 | 8 | 5 | 9 | 12 | 18 | 15 | 26 | 37 | 45 | 54 | 61 |
| OPM % | 20% | 19% | 10% | 15% | 21% | 25% | 16% | 23% | 37% | 35% | 40% | 42% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | -23 | 2 | 2 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 |
| Profit before tax | 6 | 7 | 3 | 6 | 9 | 16 | 12 | 23 | 34 | 18 | 52 | 60 |
| Tax % | 34% | 35% | 25% | 28% | 23% | 25% | 26% | 27% | 25% | 56% | 26% | |
| Net Profit | 4 | 5 | 2 | 4 | 7 | 12 | 9 | 17 | 25 | 8 | 38 | 44 |
| EPS in Rs | 1.51 | 1.68 | 0.84 | 1.58 | 2.30 | 3.83 | 2.76 | 5.39 | 8.08 | 2.58 | 12.26 | 13.96 |
| Dividend Payout % | 20% | 20% | 12% | 19% | 13% | 8% | 2% | 9% | 9% | 39% | 10% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 13% | 6% | 17% | ||
| Compounded Profit Growth | 25% | 26% | 31% | 34% | ||
| Stock Price CAGR | 35% | 64% | 64% | 155% | ||
| Return on Equity | 17% | 19% | 20% | 27% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 31 | 31 | 31 | 31 |
| Reserves | 23 | 27 | 32 | 33 | 37 | 48 | 59 | 67 | 58 | 82 | 90 | 126 |
| Borrowings | 4 | 1 | 6 | 12 | 14 | 6 | 10 | 15 | 19 | 7 | 6 | 5 |
| Other Liabilities | 8 | 8 | 10 | 9 | 9 | 13 | 16 | 16 | 19 | 22 | 18 | 26 |
| Total Liabilities | 41 | 41 | 53 | 60 | 66 | 73 | 92 | 104 | 127 | 143 | 146 | 188 |
| Fixed Assets | 10 | 17 | 21 | 30 | 34 | 34 | 32 | 53 | 61 | 61 | 45 | 57 |
| CWIP | 9 | 1 | 7 | 4 | 0 | 6 | 18 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 10 | 11 | 11 | 15 | 0 | 20 |
| Other Assets | 22 | 22 | 25 | 26 | 32 | 32 | 32 | 40 | 55 | 65 | 101 | 110 |
| Total Assets | 41 | 41 | 53 | 60 | 66 | 73 | 92 | 104 | 127 | 143 | 146 | 188 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | 2 | 6 | 3 | 4 | 13 | 15 | 6 | 13 | 23 | 24 | 52 |
| Cash from Investing Activity | -3 | -1 | -10 | -8 | -2 | -10 | -19 | -7 | -13 | -9 | -22 | -41 |
| Cash from Financing Activity | 1 | -4 | 4 | 4 | 1 | -4 | 3 | 3 | 1 | -14 | -4 | -5 |
| Net Cash Flow | -0 | -2 | -0 | -0 | 3 | -1 | -1 | 1 | 2 | -0 | -3 | 5 |
| Free Cash Flow | -2 | 1 | -5 | -4 | 2 | 4 | 4 | -1 | 0 | 17 | -16 | 42 |
| CFO/OP | 52% | 48% | 93% | 86% | 56% | 129% | 102% | 63% | 71% | 86% | 81% | 119% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 131 | 139 | 115 | 139 | 138 | 129 | 99 | 93 | 109 | 142 | 128 | 125 |
| Inventory Days | 64 | 64 | 98 | 60 | 53 | 97 | 94 | 74 | 64 | 137 | 76 | 87 |
| Days Payable | 84 | 81 | 102 | 70 | 52 | 107 | 92 | 62 | 69 | 119 | 74 | 104 |
| Cash Conversion Cycle | 111 | 123 | 111 | 128 | 139 | 119 | 101 | 106 | 104 | 160 | 130 | 108 |
| Working Capital Days | 84 | 145 | 119 | 82 | 84 | 102 | 62 | 72 | 61 | 129 | 122 | 89 |
| ROCE % | 16% | 20% | 19% | 8% | 14% | 17% | 24% | 15% | 25% | 31% | 35% | 36% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% | 66.00% | 66.00% | 66.00% | 66.01% | 66.01% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.26% |
| Public | 34.06% | 34.05% | 34.06% | 34.05% | 34.05% | 34.06% | 34.06% | 33.99% | 34.00% | 33.99% | 34.00% | 33.74% |
| No. of Shareholders | 11,087 | 11,284 | 12,229 | 14,538 | 14,121 | 13,981 | 13,640 | 13,305 | 12,721 | 12,165 | 11,739 | 12,055 |
Fundamentals
Market Cap₹ 1,320 Cr.
Current Price₹ 421
Stock P/E30.1
Book Value₹ 50.0
ROCE36.2 %
ROE27.4 %
Dividend Yield0.30 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)34%
Standalone figures.
Valuation
Market capRs 1,273 Cr
Enterprise valueRs 1,271 Cr
P/E (TTM)29.03x
Price to book8.11x
Price to sales8.82x
EV / EBITDA20.15x
EV / EBIT21.20x
EV / sales8.81x
Price to cash flow24.68x
Earnings yield3.44%
Dividend yield0.31%
P/E, 3-year average32.02x
P/B, 3-year average3.70x
P/E, 5-year average21.81x
P/B, 5-year average2.67x
Profitability
Operating margin (excl. other income)40.31%
Operating margin (incl. other income)41.51%
EBITDA margin43.72%
Pre-tax margin41.23%
Net profit margin30.38%
Net margin, latest quarter35.07%
ROE27.67%
ROCE36.42%
ROA23.07%
ROE, 3-year average19.85%
ROCE, 3-year average27.60%
ROA, 3-year average15.83%
ROE, 5-year average18.55%
ROCE, 5-year average24.56%
ROA, 5-year average14.19%
ROIC (approx.)28.49%
Tax rate26.32%
Other income / net worth1.03%
Growth
Sales growth (latest year)6.23%
Profit growth (latest year)375.31%
Sales CAGR, 3 years6.33%
Sales CAGR, 5 years12.75%
Profit CAGR, 3 years31.55%
Profit CAGR, 5 years26.11%
Sales growth QoQ0.26%
Profit growth QoQ55.87%
Sales growth YoY (latest quarter)32.41%
Profit growth YoY (latest quarter)67.25%
Per share
EPS (TTM)Rs 13.98
EPS (latest year)Rs 12.28
EPS (latest quarter)Rs 4.24
EPS, 3-year averageRs 7.65
EPS, 5-year averageRs 8.44
Book value per shareRs 50.03
Sales per shareRs 46.02
Cash flow per shareRs 16.45
Free cash flow per shareRs 13.39
Dividend per share (latest year)Rs 1.25
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 0.76
Dividends
Dividend payout10.18%
Dividend payout, 3-year average19.40%
Dividend payout, 5-year average13.94%
Efficiency
Asset turnover0.71x
Fixed asset turnover2.34x
Inventory turnover4.98x
Inventory days73 days
Debtor days125 days
Debtors turnover2.92x
Creditor days104 days
Cash conversion cycle108 days
Working capital days89 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 6 Cr
Net debtRs -2 Cr
Debt to equity0.03x
Net debt / EBITDA-0.03x
Interest coverage133.22x
Owners' fund to total sources83.48%
Debt to assets2.47%
Cash flow
Cash from Operating Activity (latest year)Rs 52 Cr
Cash from Investing Activity (latest year)Rs -41 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs 5 Cr
Free cash flow (latest year)Rs 42 Cr
FCFE (approx.: FCF + change in debt)Rs 40 Cr
Cash from ops / profit, 5 years1.22x
Sales to cash flow2.60x
Statement figures
Net sales (TTM)Rs 144 Cr
Net sales (latest year)Rs 134 Cr
Sales (latest quarter)Rs 38 Cr
Operating profit excl. other income (latest year)Rs 54 Cr
Operating profit (latest quarter)Rs 18 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 63 Cr
PBDT (TTM)Rs 63 Cr
Profit before tax (TTM)Rs 60 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 44 Cr
Net profit (latest year)Rs 38 Cr
Net profit (latest quarter)Rs 13 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 51 Cr
Total expenditure (latest year)Rs 80 Cr
Total income (latest year)Rs 136 Cr
Share capitalRs 31 Cr
ReservesRs 126 Cr
Shareholders' fundsRs 157 Cr
Total assetsRs 188 Cr
Net blockRs 57 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 20 Cr
ReceivablesRs 46 Cr
InventoryRs 10 Cr
Other liabilitiesRs 26 Cr
Shares outstanding (crore)3.14
Ownership
Promoter holding66.01% (+0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 29.0 is at the 92th percentile of its own 9.4-year range
(median 15.5, low 7.4, high 76.0).
P/B 8.11 is at the 98th percentile (median 1.98).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 530477 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.2% | -2.8% | +3.0 pts |
| 1 month | +37.8% | -6.8% | +44.6 pts |
| 3 months | +69.1% | -7.6% | +76.7 pts |
| 3 years | +321.9% | +14.2% | +307.7 pts |
| 5 years | +1040.8% | +27.9% | +1012.9 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹38 Cr +31.0% vs Jun 2025.
Net profit ₹13 Cr +62.5%.
Activity
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|---|---|---|---|
| SRF Ltd | 71,738 | 32.0 | 14.6 % |
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| Grauer & Weil (India) Ltd | 3,744 | 23.4 | 20.6 % |
| GHCL Ltd | 3,724 | 8.16 | 17.4 % |
| J.G.Chemicals Ltd | 2,576 | 34.3 | 18.1 % |
| Thirumalai Chemicals Ltd | 1,834 | -3.15 % | |
| I G Petrochemicals Ltd | 1,801 | 22.1 | 3.11 % |
| Indo Borax & Chemicals Ltd | 1,569 | 32.0 | 15.4 % |
| Innovassynth Technologies (India) Ltd | 1,405 | -16.4 % | |
| Citurgia Biochemicals Ltd | 1,380 | % | |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Vikram Thermo (India) Ltd?
Vikram Thermo (India) Ltd (530477) has a market capitalisation of Rs 1,320 Cr. at the 2026-10-01 close.
What is the P/E ratio of Vikram Thermo (India) Ltd?
Vikram Thermo (India) Ltd trades at a P/E of 30.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were Vikram Thermo (India) Ltd's latest quarterly results?
In the Jun 2026 quarter, Vikram Thermo (India) Ltd sales was Rs 38 Cr (+31.0% vs Jun 2025) and net profit was Rs 13 Cr.