Vikram Thermo India Ltd
Vikram Thermo India Ltd (VIKRAMTH) last reported results for the quarter ended Jun 2026, with sales of ₹38 crore and net profit of ₹13 crore. The stock last traded at ₹408, a market capitalisation of ₹1,281 crore, on a P/E of 29.2. Over the past 52 weeks the stock has ranged between ₹132 and ₹445. Figures are as of 6 Oct 2026 and are not real time.
Vikram Thermo India Ltd share price and key metrics
- Current price
- ₹408
- Market cap
- ₹1,281 cr
- Stock P/E
- 29.2
- Book value
- ₹50
- ROE
- 27.4%
- ROCE
- 36.2%
- Dividend yield
- 0.30%
- 52w high / low
- 445/132
Metrics as of 6 Oct 2026. Not real time.
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Vikram Thermo India Ltd growth and returns
- 10 Years
- 13%
- 5 Years
- 13%
- 3 Years
- 6%
- TTM
- 17%
- 10 Years
- 25%
- 5 Years
- 26%
- 3 Years
- 31%
- TTM
- 34%
- 10 Years
- 33%
- 5 Years
- 63%
- 3 Years
- 61%
- 1 Year
- 138%
- 10 Years
- 17%
- 5 Years
- 19%
- 3 Years
- 20%
- Last Year
- 27%
Vikram Thermo India Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹38 cr, up 31.0% from ₹29 cr a year earlier. Net profit was ₹13 cr, up 62.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 34 | 34 | 27 | 29 | 35 | 34 | 38 | 38 |
| Expenses | 21 | 21 | 20 | 17 | 19 | 19 | 26 | 20 |
| Operating profit | 12 | 13 | 7 | 11 | 15 | 15 | 12 | 18 |
| OPM % | 37% | 39% | 25% | 40% | 45% | 44% | 32% | 48% |
| Other income | -0 | -0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 12 | 12 | 7 | 11 | 15 | 15 | 12 | 18 |
| Tax % | 16% | 23% | 41% | 25% | 25% | 25% | 29% | 26% |
| Net profit | 10 | 9 | 4 | 8 | 11 | 11 | 9 | 13 |
| EPS (₹) | 3.12 | 2.87 | 1.30 | 2.53 | 3.53 | 3.49 | 2.71 | 4.23 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Vikram Thermo India Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 45 | 49 | 58 | 56 | 74 | 93 | 112 | 101 | 126 | 134 | 144 |
| Operating profit | 8 | 5 | 9 | 12 | 18 | 15 | 26 | 37 | 45 | 54 | 61 |
| OPM % | 19% | 10% | 15% | 21% | 25% | 16% | 23% | 37% | 35% | 40% | 42% |
| Net profit | 5 | 2 | 4 | 7 | 12 | 9 | 17 | 25 | 8 | 38 | 44 |
| EPS (₹) | 1.68 | 0.84 | 1.58 | 2.30 | 3.83 | 2.76 | 5.39 | 8.08 | 2.58 | 12.26 | 13.96 |
TTM is the trailing twelve months to the most recent quarter.
Vikram Thermo India Ltd balance sheet
| ₹ crore | 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 | 31 | 31 | 31 | 31 |
| Reserves | 32 | 33 | 37 | 48 | 59 | 67 | 58 | 82 | 90 | 126 |
| Borrowings | 6 | 12 | 14 | 6 | 10 | 15 | 19 | 7 | 6 | 5 |
| Other liabilities | 10 | 9 | 9 | 13 | 16 | 16 | 19 | 22 | 18 | 26 |
| Total liabilities | 53 | 60 | 66 | 73 | 92 | 104 | 127 | 143 | 146 | 188 |
| Fixed assets | 21 | 30 | 34 | 34 | 32 | 53 | 61 | 61 | 45 | 57 |
| CWIP | 7 | 4 | 0 | 6 | 18 | 0 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 10 | 11 | 11 | 15 | 0 | 20 |
| Other assets | 25 | 26 | 32 | 32 | 32 | 40 | 55 | 65 | 101 | 110 |
| Total assets | 53 | 60 | 66 | 73 | 92 | 104 | 127 | 143 | 146 | 188 |
As reported by the company. Total assets equal total liabilities by construction.
Vikram Thermo India Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6 | 3 | 4 | 13 | 15 | 6 | 13 | 23 | 24 | 52 |
| Cash from investing | -10 | -8 | -2 | -10 | -19 | -7 | -13 | -9 | -22 | -41 |
| Cash from financing | 4 | 4 | 1 | -4 | 3 | 3 | 1 | -14 | -4 | -5 |
| Net cash flow | -0 | -0 | 3 | -1 | -1 | 1 | 2 | -0 | -3 | 5 |
| Free cash flow | -5 | -4 | 2 | 4 | 4 | -1 | 0 | 17 | -16 | 42 |
| CFO / operating profit | 93% | 86% | 56% | 129% | 102% | 63% | 71% | 86% | 81% | 119% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Vikram Thermo India Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 19% | 8% | 14% | 17% | 24% | 15% | 25% | 31% | 35% | 36% |
| Debtor days | 115 | 139 | 138 | 129 | 99 | 93 | 109 | 142 | 128 | 125 |
| Inventory days | 98 | 60 | 53 | 97 | 94 | 74 | 64 | 137 | 76 | 87 |
| Days payable | 102 | 70 | 52 | 107 | 92 | 62 | 69 | 119 | 74 | 104 |
| Cash conversion cycle | 111 | 128 | 139 | 119 | 101 | 106 | 104 | 160 | 130 | 108 |
| Working capital days | 119 | 82 | 84 | 102 | 62 | 72 | 61 | 129 | 122 | 89 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Vikram Thermo India Ltd shareholding pattern
Promoters held 66.01% at Jun 2026, broadly unchanged since Jun 2025. DIIs 0.26%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 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% | 0.26% |
| Public | 34.05% | 34.06% | 34.06% | 33.99% | 34.00% | 33.99% | 34.00% | 33.74% |
| No. of shareholders | 14,121 | 13,981 | 13,640 | 13,305 | 12,721 | 12,165 | 11,739 | 12,055 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Vikram Thermo India Ltd corporate filings
- We wish to inform you that approval of shareholders is considered and approved at the AGM on the following transaction Reappointment of Mr. Dineshkumar H. Patel Reappointment of Mr. Ankur ....Company Updatemedium impact
- We enclose herewith copy of scrutinizers reportsAGM/EGMmedium impact
- Vikram Thermo (India) Limited Concludes 32nd Annual General Meeting; Reappoints Key Management PersonnelAGM/EGMlow impact
Cruxal's analysis: Vikram Thermo (India) Limited has successfully concluded its 32nd Annual General Meeting…
Read the full analysis - Notice is hereby given that the trading window of dealing in securities of the company shall remain closed with effect from 1-10-2026 till the end of 48 hours after the declaration of unaudited ....Insider Trading / SASTlow impact
- Vikram Thermo (India) Limited Announces 32nd Annual General Meeting (AGM) and Dividend Declaration for FY 2025-26Company Updatelow impact
Cruxal's analysis: Vikram Thermo (India) Limited has scheduled its 32nd Annual General Meeting (AGM) for…
Read the full analysis - Vikram Thermo (India) Limited Announces Record Date for Dividend Payment Corp Actionlow impact
Cruxal's analysis: Vikram Thermo (India) Limited has officially declared 22nd September 2026 as the record…
Read the full analysis - Vikram Thermo (India) Limited Announces Record Date for Dividend EntitlementCorp. Actionlow impact
Cruxal's analysis: Vikram Thermo (India) Limited has officially fixed 22 September 2026 as the record date…
Read the full analysis - Vikram Thermo (India) Limited announces book closure for 32nd AGM and dividend declarationCorp. Actionlow impact
Cruxal's analysis: Vikram Thermo (India) Limited has notified the BSE of its book closure period from 23rd…
Read the full analysis - Vikram Thermo India Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Vikram Thermo India Ltd has filed its annual report for the financial year ended March…
Read the full analysis - Vikram Thermo (India) Limited Announces 32nd Annual General Meeting for September 29, 2026AGM/EGMlow impact
Cruxal's analysis: Vikram Thermo (India) Limited has issued a notice for its 32nd Annual General Meeting…
Read the full analysis - Vikram Thermo India Ltd publishes newspaper notice regarding IEPF complianceCompany Updatelow impact
Cruxal's analysis: Vikram Thermo India Ltd has released a newspaper publication concerning the Investor…
Read the full analysis - Vikram Thermo (India) Limited Reports Strong Q1 FY2027 Financial Results with Significant YoY GrowthCompany Updatehigh impact
Cruxal's analysis: Vikram Thermo (India) Limited has announced its unaudited financial results for the…
Read the full analysis - Vikram Thermo (India) Limited Reports Strong Q1 FY27 Performance with Significant YoY Profit GrowthResulthigh impact
Cruxal's analysis: Vikram Thermo (India) Limited has reported robust financial results for the quarter ended…
Read the full analysis - Vikram Thermo (India) Limited Announces Board Meeting Outcome, Re-appoints Whole-Time DirectorsBoard Meetinglow impact
Cruxal's analysis: Vikram Thermo (India) Limited has announced the re-appointment of Mr. Ankur Dhirajlal…
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