WEBSITE BSE:530477 NSE: VIKRAM THERM Inc. Year: 1994 Industry: Chemicals My Bucket: Add Stock
Last updated: 11:33
Vikram Thermo (India) Ltd is a leading company based in India, specializing in thermal engineering and solutions. With a rich history spanning several decades, the company has established itself as a reliable provider of thermal systems and equipment. Vikram Thermo offers a diverse range of products and services, catering to various industries such as power generation, oil and gas, chemical processing, and manufacturing. The company's expertise lies in designing, manufacturing, and commissioning thermal equipment like boilers, heat exchangers,...Read More
Vikram Thermo (India) Ltd is a leading company based in India, specializing in thermal engineering and solutions. With a rich history spanning several decades, the company has established itself as a reliable provider of thermal systems and equipment. Vikram Thermo offers a diverse range of products and services, catering to various industries such as power generation, oil and gas, chemical processing, and manufacturing. The company's expertise lies in designing, manufacturing, and commissioning thermal equipment like boilers, heat exchangers, and pressure vessels. They also provide comprehensive solutions for energy conservation, waste heat recovery, and environmental sustainability. Vikram Thermo is known for its commitment to quality, innovation, and customer satisfaction. They have a team of highly skilled professionals who ensure that their products and services meet the highest industry standards. Vikram Thermo (India) Ltd has earned a reputation for delivering reliable and efficient thermal solutions, contributing to the growth and success of numerous businesses across India and beyond. ...Read Less
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Market Cap ₹488 Cr.
Stock P/E 14.5
P/B 3.3
Current Price ₹155.6
Book Value ₹ 47.3
Face Value 10
52W High ₹202
Dividend Yield 0.64%
52W Low ₹ 126.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 28 | 24 | 27 | 31 | 34 | 34 | 27 | 29 | 35 | 34 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Total Income | 28 | 25 | 28 | 32 | 35 | 35 | 28 | 29 | 35 | 34 |
| Total Expenditure | 16 | 15 | 20 | 20 | 21 | 21 | 20 | 17 | 19 | 19 |
| Operating Profit | 12 | 10 | 8 | 13 | 13 | 14 | 8 | 11 | 16 | 16 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 11 | 9 | 7 | 12 | 12 | 13 | 7 | 11 | 15 | 15 |
| Provision for Tax | 3 | 2 | 1 | 3 | 2 | 3 | 3 | 3 | 4 | 4 |
| Profit After Tax | 8 | 6 | 6 | 9 | 10 | 10 | 4 | 8 | 11 | 11 |
| Adjustments | -0 | 0 | -1 | -25 | -0 | -1 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | 8 | 6 | 5 | -16 | 10 | 9 | 4 | 8 | 11 | 11 |
| Adjusted Earnings Per Share | 2.7 | 2 | 1.8 | 2.8 | 3.1 | 3.2 | 1.3 | 2.5 | 3.5 | 3.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 37 | 38 | 45 | 49 | 58 | 56 | 74 | 93 | 112 | 101 | 126 | 125 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 | 1 |
| Total Income | 38 | 39 | 46 | 49 | 59 | 56 | 74 | 93 | 113 | 102 | 129 | 126 |
| Total Expenditure | 33 | 31 | 37 | 43 | 49 | 44 | 55 | 78 | 85 | 64 | 82 | 75 |
| Operating Profit | 6 | 8 | 9 | 5 | 9 | 12 | 19 | 15 | 27 | 38 | 48 | 51 |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | 6 | 7 | 3 | 6 | 9 | 16 | 12 | 23 | 35 | 44 | 48 |
| Provision for Tax | 2 | 2 | 3 | 1 | 2 | 2 | 4 | 3 | 6 | 9 | 10 | 14 |
| Profit After Tax | 3 | 4 | 5 | 2 | 4 | 7 | 12 | 9 | 17 | 26 | 34 | 34 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -26 | 0 |
| Profit After Adjustments | 3 | 4 | 5 | 2 | 4 | 7 | 12 | 9 | 17 | 25 | 8 | 34 |
| Adjusted Earnings Per Share | 1.1 | 1.5 | 1.7 | 0.8 | 1.6 | 2.3 | 3.8 | 2.8 | 5.4 | 8.3 | 10.8 | 10.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | 11% | 18% | 13% |
| Operating Profit CAGR | 26% | 47% | 32% | 23% |
| PAT CAGR | 31% | 56% | 37% | 27% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -12% | 25% | -3% | 9% |
| ROE Average | 29% | 25% | 22% | 16% |
| ROCE Average | 36% | 31% | 26% | 21% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 29 | 32 | 37 | 39 | 43 | 55 | 66 | 73 | 90 | 114 | 121 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 4 | 5 | 6 | 3 | 7 | 9 | 7 | 5 | 2 |
| Other Non-Current Liabilities | 1 | 2 | 3 | 2 | 6 | 6 | 2 | 7 | 3 | 9 | 17 |
| Total Current Liabilities | 10 | 6 | 12 | 15 | 16 | 17 | 25 | 22 | 33 | 29 | 31 |
| Total Liabilities | 41 | 41 | 57 | 61 | 70 | 81 | 100 | 111 | 133 | 157 | 172 |
| Fixed Assets | 10 | 17 | 21 | 30 | 34 | 34 | 32 | 53 | 61 | 61 | 45 |
| Other Non-Current Assets | 9 | 1 | 9 | 5 | 4 | 11 | 19 | 6 | 6 | 12 | 53 |
| Total Current Assets | 22 | 22 | 27 | 26 | 32 | 35 | 49 | 51 | 66 | 83 | 73 |
| Total Assets | 41 | 41 | 57 | 61 | 70 | 81 | 100 | 111 | 133 | 157 | 172 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 3 | 0 | 0 | 0 | 3 | 2 | 0 | 1 | 3 | 3 |
| Cash Flow from Operating Activities | 2 | 2 | 6 | 3 | 4 | 13 | 15 | 6 | 13 | 23 | 24 |
| Cash Flow from Investing Activities | -3 | -1 | -10 | -8 | -2 | -10 | -19 | -7 | -13 | -9 | -22 |
| Cash Flow from Financing Activities | 1 | -4 | 4 | 4 | 1 | -4 | 3 | 3 | 1 | -14 | -4 |
| Net Cash Inflow / Outflow | -0 | -2 | -0 | -0 | 3 | -1 | -1 | 1 | 2 | -0 | -3 |
| Closing Cash & Cash Equivalent | 3 | 0 | 0 | 0 | 3 | 2 | 0 | 1 | 3 | 3 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.12 | 1.52 | 1.69 | 0.84 | 1.59 | 2.31 | 3.85 | 2.77 | 5.39 | 8.31 | 10.77 |
| CEPS(Rs) | 1.43 | 1.97 | 2.17 | 1.4 | 2.24 | 2.94 | 4.49 | 3.66 | 6.42 | 9.09 | 11.57 |
| DPS(Rs) | 0.75 | 1.5 | 1.65 | 0.1 | 0.3 | 1.5 | 1.5 | 0.3 | 0.5 | 0.75 | 1 |
| Book NAV/Share(Rs) | 10.38 | 11.54 | 13.38 | 13.86 | 15.37 | 17.39 | 20.95 | 23.43 | 28.6 | 36.2 | 38.73 |
| Core EBITDA Margin(%) | 11.35 | 18.06 | 16.93 | 10.26 | 15.01 | 21.16 | 24.59 | 15.86 | 23.36 | 36.7 | 35.41 |
| EBIT Margin(%) | 11.89 | 15.51 | 14.74 | 7.61 | 12.54 | 18.34 | 22.47 | 13.66 | 21.7 | 35.38 | 35.71 |
| Pre Tax Margin(%) | 11.5 | 15.14 | 14.52 | 6.24 | 10.58 | 16.91 | 21.73 | 12.71 | 20.65 | 34.3 | 34.96 |
| PAT Margin (%) | 7.62 | 9.98 | 9.43 | 4.7 | 7.6 | 12.96 | 16.4 | 9.39 | 15.16 | 25.73 | 26.74 |
| Cash Profit Margin (%) | 9.75 | 12.95 | 12.12 | 7.81 | 10.73 | 16.5 | 19.11 | 12.4 | 18.04 | 28.14 | 28.74 |
| ROA(%) | 8.17 | 10.44 | 9.63 | 3.98 | 6.78 | 9.59 | 13.4 | 8.26 | 13.89 | 18.01 | 20.57 |
| ROE(%) | 11.26 | 13.87 | 13.54 | 6.17 | 10.86 | 14.85 | 20.07 | 12.49 | 20.73 | 25.65 | 28.73 |
| ROCE(%) | 15.97 | 20.13 | 19.36 | 8.1 | 13.59 | 17.48 | 24.24 | 15.38 | 24.63 | 31.33 | 36.29 |
| Receivable days | 108.07 | 119.84 | 105.57 | 120.54 | 127.41 | 136.17 | 98.28 | 85.9 | 93.26 | 130.94 | 120.8 |
| Inventory Days | 37.76 | 34.33 | 36.86 | 41.7 | 31.97 | 41 | 40.84 | 40.86 | 35.3 | 44.32 | 36.58 |
| Payable days | 91.56 | 95.22 | 87.13 | 75.34 | 56.58 | 85.97 | 88.5 | 59.45 | 65.82 | 109.45 | 82.35 |
| PER(x) | 13.17 | 8.29 | 14.06 | 24.89 | 9.45 | 6.15 | 8.52 | 14.11 | 11.33 | 18.33 | 16.25 |
| Price/Book(x) | 1.42 | 1.09 | 1.77 | 1.51 | 0.98 | 0.82 | 1.57 | 1.67 | 2.14 | 4.21 | 4.52 |
| Dividend Yield(%) | 1.02 | 2.38 | 1.39 | 0.48 | 2 | 2.11 | 0.91 | 0.15 | 0.82 | 0.49 | 0.57 |
| EV/Net Sales(x) | 1.13 | 0.92 | 1.59 | 1.44 | 0.91 | 0.87 | 1.53 | 1.47 | 1.85 | 4.75 | 4.39 |
| EV/Core EBITDA(x) | 7.33 | 4.49 | 8.25 | 13.09 | 5.81 | 3.97 | 6.09 | 8.8 | 7.54 | 12.58 | 11.65 |
| Net Sales Growth(%) | -13.96 | 3.27 | 17.75 | 7.41 | 19.82 | -4.1 | 31.77 | 25.79 | 20.49 | -9.21 | 24.64 |
| EBIT Growth(%) | -42.96 | 35.61 | 11.56 | -48.39 | 92.23 | 40.26 | 61.46 | -23.53 | 91.36 | 48.04 | 25.81 |
| PAT Growth(%) | -45.42 | 36.06 | 10.95 | -50.21 | 88.94 | 63.41 | 66.72 | -27.98 | 94.63 | 54.07 | 29.56 |
| EPS Growth(%) | -45.42 | 36.06 | 10.95 | -50.22 | 88.95 | 45.46 | 66.72 | -27.98 | 94.63 | 54.07 | 29.55 |
| Debt/Equity(x) | 0.13 | 0.02 | 0.16 | 0.31 | 0.33 | 0.11 | 0.16 | 0.2 | 0.21 | 0.06 | 0.05 |
| Current Ratio(x) | 2.1 | 3.56 | 2.25 | 1.76 | 2.01 | 2.1 | 1.92 | 2.36 | 2.02 | 2.83 | 2.39 |
| Quick Ratio(x) | 1.68 | 2.96 | 1.72 | 1.42 | 1.69 | 1.66 | 1.56 | 1.82 | 1.71 | 2.33 | 2.04 |
| Interest Cover(x) | 29.82 | 42.15 | 67.71 | 5.56 | 6.4 | 12.84 | 30.11 | 14.32 | 20.7 | 32.82 | 47.79 |
| Total Debt/Mcap(x) | 0.09 | 0.02 | 0.09 | 0.2 | 0.33 | 0.13 | 0.1 | 0.12 | 0.1 | 0.01 | 0.01 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.94 | 65.94 | 65.94 | 65.94 | 65.94 | 65.94 | 66 | 66 | 66 | 66.01 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.06 | 34.06 | 34.06 | 34.06 | 34.06 | 34.06 | 34 | 34 | 34 | 33.99 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 | 2.07 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 | 1.07 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 | 3.14 |
* The pros and cons are machine generated.
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