Vikram Thermo (India) share price
BSE: 530477Chemicals & PetrochemicalsSmall Cap
Vikram Thermo (India) Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 1995
Last close ₹383.40up ₹24.80 (6.92%)
Share price at the BSE close on 28 Oct 2026. Previous close ₹358.60.
28 Oct: open ₹351.00, high ₹385.00, low ₹351.00
52-week range of traded prices to 28 Oct 2026
₹132.00Low, 30 Mar 2026₹464.70High, 13 Oct 2026
- Under BSE's long-term additional surveillance, stage I, on the list for 27 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Next results date: the board meets on 4 Nov 2026 to consider: quarterly results. Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,202 Cr1,831st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 27.42
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.66
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.33%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 31.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 35.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.03
- Volume, BSEVolume. Shares traded on the last trading day. Volume in the glossary
- 15,371
Results
Standalone; ₹ crore.Vikram Thermo (India) quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +16.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +37.5%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹38 Crup 0.26%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹13 Crup 55.92%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 35.1%
Revenue by quarter
Peak revenue ₹38 Cr, quarter to Jun 2026; lowest ₹27 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33.7 | 34.3 | 27.1 | 28.6 | 34.6 | 34.0 | 37.8 | 37.9 |
| Net profit | 9.8 | 10.1 | 4.1 | 7.9 | 11.1 | 11.0 | 8.5 | 13.3 |
| Net margin | 29.1% | 29.3% | 15.0% | 27.8% | 32.0% | 32.2% | 22.6% | 35.1% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹134 Crup 6.23%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹38 Crup 375.38%
- Net margin
- 28.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, the company's revenue for that year, ₹50 Cr, differs from its quarters added, ₹49 Cr. From the year to Mar 2022, the company's revenue for that year, ₹93 Cr, differs from its quarters added, ₹91 Cr. From the year to Mar 2025, part of the business was demerged on 21 May 2024, and figures before the change include the part that left.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 50what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹1.16 crore, a tax on the goods the company makes that it collects and pays to the government. | 58 | 56 | 74 | 93 | 112 | 126 | 126 | 134 |
| Net profit | 5 | 2 | 4 | 7 | 12 | 9 | 17 | 25 | 8 | 38 |
| Net margin | 10.9% | 4.7% | 7.6% | 13.0% | 16.4% | 9.4% | 15.2% | 20.1% | 6.4% | 28.7% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Chemicals, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2018, Mar 2022 and Mar 2025: days before it are of the company before the change.Vikram Thermo (India) PE ratio and valuation
Price to earnings
At or below today's level on 99% of 2,458 trading days over the last 10 years.
LowestHighest
Its median15.16Industry median18.43
Price to book
At or below today's level on 99% of 1,873 trading days since Nov 2018.
LowestHighest
Its median2.43Industry median1.23
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 26% of 2,444 trading days over the last 10 years.
LowestHighest
Its median0.51%Industry median1.14%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | With the demerger reinvestedReturn with the demerger reinvested. The yearly price growth with the price before the demerger multiplied by the demerger's price factor (its opening price on the ex-date over the close before it), plus the average dividend yield: the return of a holder who put the value of the shares of the company that was split off back into this share on the ex-date. | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|---|
| 1 year | −21.3% | – | +376.0% | −83.7% | 0.9% |
| 3 years | +31.2% | +34.4% | +31.6% | −0.8% | 0.7% |
| 5 years | +33.6% | +35.6% | +26.1% | +5.4% | 0.7% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Return a year is the share as it traded across the demerger; the next column is the same return with the demerger reinvested, empty for a window with no demerger in it. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Vikram Thermo (India) insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 3 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Vikram Thermo (India) competitors and peers
Commodity Chemicals, 74 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Vikram Thermo (India) in market cap. 1 company in the table last traded before then: its row is priced on its last trade.Chemical companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Thirumalai ChemicalsTIRUMALCHM | 1,409 | – | 0.90 | −5.8% | – | −11.2% | −1.9% | 0.00% |
 Citurgia BiochemicalsCITURGIA | 1,353 | – | – | – | – | – | – | 0.00% |
 Indo Borax & ChemicalsINDOBORAX | 1,306 | 23.18 | 3.38 | +29.7% | +45.5% | 15.6% | 12.7% | 9.83% |
 TGV SraacTGVSL | 1,233 | 8.90 | 0.95 | +7.6% | +18.3% | 11.2% | 12.0% | 0.87% |
 The Andhra SugarsANDHRSUGAR | 1,098 | 10.42 | 0.66 | +16.5% | +204.6% | 6.5% | 8.1% | 1.73% |
 OCCLOCCLLTD | 826 | 11.04 | 1.91 | +40.2% | +116.3% | 18.1% | 18.5% | 1.69% |
 Sree Rayalaseema Hi-Strength HypoSRHHYPOLTD | 814 | 8.84 | 0.84 | +7.4% | +0.2% | 9.7% | 8.4% | 0.63% |
 Amines & PlasticizersAMNPLST | 800 | 20.75 | 2.74 | −12.4% | −3.0% | 14.0% | 17.5% | 0.34% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Vikram Thermo (India) dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.25 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 22 Sep 2026 | Final | ₹1.25 |
| 19 Sep 2025 | Final | ₹1.00 |
| 23 Sep 2024 | Final | ₹0.75 |
| 15 Sep 2023 | Final | ₹0.50 |
| 8 Sep 2022 | Final | ₹0.30 |
| 23 Sep 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Vikram Thermo (India) announcements
Oct 2026
16 Oct · Board meeting
Meeting on 4 Nov 2026: quarterly results
Sep 2026
29 Sep · Meeting
Vikram Thermo (India) share price by year
Each calendar year to 2025.Vikram Thermo (India) share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 161.55 | −7.4% | 211.60 | 146.05 |
| 2024Demerger | 174.40 | +11.0% | 219.70 | 129.55 |
| 2023 | 157.05 | +157.5% | 162.60 | 56.70 |
| 2022 | 61.00 | +73.9% | 64.25 | 31.37 |
| 2021 | 35.08 | −5.1% | 50.44 | 30.96 |
| 2020 | 36.98 | +100.7% | 41.51 | 13.13 |
| 2019 | 18.43 | +17.7% | 23.44 | 12.85 |
| 2018 | 15.66 | −32.3% | 26.73 | 14.87 |
| 2017 | 23.12 | +4.2% | 28.90 | 20.96 |
| 2016 | 22.19 | +30.5% | 26.75 | 12.34 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 21 May 2024 reinvested, the change in 2024 is +19.4%.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on BSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 27 Oct 2026 | 338.60 | 367.00 | 330.00 | 358.60 | 354.32 | 40,493 |
| 26 Oct 2026 | 301.00 | 335.00 | 299.00 | 332.85 | 317.90 | 36,016 |
| 23 Oct 2026 | 340.00 | 340.00 | 292.00 | 311.90 | 309.69 | 72,274 |
| 22 Oct 2026 | 348.20 | 355.00 | 330.00 | 336.10 | 338.94 | 37,601 |
| 21 Oct 2026 | 379.15 | 393.85 | 330.00 | 351.50 | 352.05 | 53,996 |
| 19 Oct 2026 | 401.00 | 404.85 | 373.00 | 382.65 | 384.61 | 29,486 |
| 16 Oct 2026 | 397.00 | 405.85 | 393.00 | 401.25 | 400.22 | 12,005 |
| 15 Oct 2026 | 407.90 | 408.00 | 388.70 | 396.45 | 398.81 | 20,073 |
| 14 Oct 2026 | 429.85 | 439.80 | 389.95 | 400.65 | 406.86 | 59,010 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 21 May 2024 | Demerger | 0.9301 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 12 May 2022 | Bonus | 0.2000 | Holders received 4 bonus shares for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- BSE code
- 530477
- ISIN
- INE337E01010
- Industry
- Chemicals & Petrochemicals
- Website
- www.vikramthermo.com
- CIN
- L24296GJ1994PLC021524
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1994
- Registered office
- A/704 - 714, The Capital, Science City Road, Ahmedabad 380060, Gujarat
- Share registrar
- Bigshare Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments