Vikram Thermo (India) Ltd

₹ 56.0 3.04%
06 Oct 3:40 p.m.
About

Vikram Thermo (India) is engaged in the Business of manufacturing and selling of basic pharma copolymer Drug Coat, Diphenenyl Oxide, etc. [1]

Key Points

Product Portfolio
Pharma Polymers - The company offers complete solutions for various applications in coating segment. It offers methacrylic acid based pharma polymers & customized ready to use pharma polymers under its brands DRUGCOAT® & DRCOAT respectively. Its pharma polymers are used for enteric coating taste making and protective coating, sustained release products, immediate release film coating products and moisture barrier products. [1]
Aromatic Chemical (DPO) - The company is a leading player of Diphenyl Oxide (Dihpenyl Ether) used as Perfumery stabilizer and for manufacturing heat transfer fluid in India since 1985. The chemicals is used as a perfumery component in detergents, soaps, essence sticks, etc. [2]

  • Market Cap 176 Cr.
  • Current Price 56.0
  • High / Low 65.0 / 30.2
  • Stock P/E 18.1
  • Book Value 23.4
  • Dividend Yield 0.55 %
  • ROCE 15.2 %
  • ROE 12.3 %
  • Face Value 10.0

Pros

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
14.08 15.72 12.64 13.41 21.04 15.50 19.31 17.73 26.83 21.51 19.63 24.23 25.19
10.86 11.91 10.26 11.10 13.85 10.80 15.18 15.65 21.78 19.58 16.51 20.06 18.29
Operating Profit 3.22 3.81 2.38 2.31 7.19 4.70 4.13 2.08 5.05 1.93 3.12 4.17 6.90
OPM % 22.87% 24.24% 18.83% 17.23% 34.17% 30.32% 21.39% 11.73% 18.82% 8.97% 15.89% 17.21% 27.39%
0.02 0.21 0.05 0.21 0.17 0.12 0.09 0.06 0.19 0.58 0.10 0.28 0.29
Interest 0.26 0.19 0.18 0.16 0.15 0.15 0.23 0.02 0.13 0.16 0.30 0.29 0.26
Depreciation 0.49 0.49 0.50 0.50 0.50 0.51 0.50 0.49 0.58 0.63 0.80 0.78 0.80
Profit before tax 2.49 3.34 1.75 1.86 6.71 4.16 3.49 1.63 4.53 1.72 2.12 3.38 6.13
Tax % 27.71% 18.26% 24.57% 25.27% 25.34% 25.00% 25.50% 17.79% 24.50% 26.74% 28.30% 27.22% 28.06%
Net Profit 1.80 2.73 1.31 1.39 5.01 3.13 2.59 1.33 3.43 1.27 1.52 2.47 4.42
EPS in Rs 0.57 0.87 0.42 0.44 1.60 1.00 0.82 0.42 1.09 0.40 0.48 0.79 1.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
28.40 35.01 36.65 42.08 37.06 38.34 45.24 49.03 58.24 55.85 73.60 92.57 90.56
22.90 25.74 27.54 32.99 31.68 30.65 36.78 43.91 49.29 43.98 55.49 77.90 74.44
Operating Profit 5.50 9.27 9.11 9.09 5.38 7.69 8.46 5.12 8.95 11.87 18.11 14.67 16.12
OPM % 19.37% 26.48% 24.86% 21.60% 14.52% 20.06% 18.70% 10.44% 15.37% 21.25% 24.61% 15.85% 17.80%
0.02 0.06 0.12 0.28 0.35 0.18 0.25 0.23 0.17 0.36 0.43 0.76 1.25
Interest 0.22 0.07 0.04 0.03 0.16 0.16 0.11 0.68 1.14 0.80 0.55 0.88 1.01
Depreciation 0.72 0.69 0.78 0.85 0.87 1.26 1.35 1.55 1.82 1.98 2.00 2.79 3.01
Profit before tax 4.58 8.57 8.41 8.49 4.70 6.45 7.25 3.12 6.16 9.45 15.99 11.76 13.35
Tax % 34.06% 32.56% 33.06% 32.74% 33.62% 34.11% 35.17% 24.68% 28.08% 23.39% 24.52% 26.19%
Net Profit 3.02 5.78 5.62 5.71 3.12 4.24 4.71 2.34 4.43 7.24 12.07 8.69 9.68
EPS in Rs 1.08 2.07 2.01 2.05 1.12 1.52 1.69 0.84 1.59 2.31 3.84 2.77 3.08
Dividend Payout % 27.72% 14.48% 14.89% 14.66% 13.41% 19.74% 19.55% 11.92% 18.89% 12.99% 7.79% 2.16%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: 4%
5 Years: 13%
3 Years: 25%
TTM: -8%
Stock Price CAGR
10 Years: 21%
5 Years: 20%
3 Years: 49%
1 Year: 42%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 16%
Last Year: 12%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5.58 5.58 5.58 5.58 5.58 5.58 5.58 5.58 5.58 6.27 6.27 6.27
Reserves 6.67 11.47 16.12 20.85 23.40 26.64 31.76 33.11 37.31 48.27 59.42 67.20
2.00 1.14 1.93 1.75 3.76 0.58 5.91 11.91 13.95 5.81 10.43 14.91
6.23 6.18 6.87 7.63 7.79 7.92 9.99 9.18 8.91 12.85 16.21 15.98
Total Liabilities 20.48 24.37 30.50 35.81 40.53 40.72 53.24 59.78 65.75 73.20 92.33 104.36
7.80 8.76 9.09 9.32 9.89 17.22 20.98 29.85 33.67 34.08 32.45 53.46
CWIP 0.00 0.28 3.74 6.81 8.84 0.94 7.24 4.09 0.00 6.23 17.66 0.00
Investments 0.00 0.00 0.82 0.00 0.00 0.45 0.00 0.00 0.00 1.25 10.27 10.72
12.68 15.33 16.85 19.68 21.80 22.11 25.02 25.84 32.08 31.64 31.95 40.18
Total Assets 20.48 24.37 30.50 35.81 40.53 40.72 53.24 59.78 65.75 73.20 92.33 104.36

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2.91 6.00 5.35 5.27 1.88 2.04 5.72 3.30 3.78 13.03 14.85 6.04
-1.92 -1.92 -4.47 -3.87 -3.23 -0.55 -10.14 -7.54 -1.83 -9.64 -19.36 -7.46
-1.27 -1.91 -0.21 -1.20 0.87 -3.85 4.25 4.21 0.57 -4.46 3.15 2.66
Net Cash Flow -0.28 2.17 0.67 0.20 -0.48 -2.36 -0.17 -0.02 2.53 -1.07 -1.36 1.24

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 113.23 92.16 87.44 94.72 130.99 139.28 115.05 139.14 137.63 128.81 98.84 93.25
Inventory Days 51.29 59.70 68.49 61.57 64.35 63.92 97.84 59.63 53.22 96.58 94.31 74.45
Days Payable 86.35 72.58 97.33 84.49 84.09 80.54 101.84 70.50 51.57 106.64 92.34 62.10
Cash Conversion Cycle 78.17 79.28 58.59 71.80 111.25 122.66 111.04 128.27 139.28 118.75 100.81 105.59
Working Capital Days 86.88 78.40 73.70 81.88 120.06 146.51 124.17 120.38 121.46 101.82 81.23 96.21
ROCE % 35.75% 53.02% 40.41% 32.66% 15.92% 20.14% 19.12% 7.99% 13.53% 17.41% 24.08% 15.15%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
65.40 65.40 65.40 65.40 65.40 65.50 65.50 65.57 65.57 65.57 65.58 65.58
34.59 34.59 34.59 34.59 34.60 34.50 34.50 34.43 34.43 34.43 34.42 34.42

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