Vikram Thermo (India) share price
BSE: 530477Chemicals & PetrochemicalsSmall Cap
Last close ₹311.90down ₹24.20 (7.20%)
Share price at the BSE close on 23 Oct 2026. Previous close ₹336.10.
52-week range of traded prices to 23 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 22 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.
- 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.
- ₹978 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. The filing of 11 Aug 2026
- 22.3
- 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. The filing of 27 May 2026
- 6.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.40%
- 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. The filing of 11 Aug 2026
- 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. The filing of 11 Aug 2026
- 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. The filing of 27 May 2026
- 0.03
- Volume, BSEVolume. Shares traded on the last trading day.
- 72,274
Results
Standalone; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 11 Aug
- 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.
- ₹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.
- 35.1%
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 | Sep 2024Filed 15 Nov | Dec 2024Filed 14 Feb | Mar 2025Filed 12 Jun | Jun 2025Filed 12 Aug | Sep 2025Filed 11 Nov | Dec 2025Filed 10 Feb | Mar 2026Filed 27 May | Jun 2026Filed 11 Aug |
|---|---|---|---|---|---|---|---|---|
| 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 marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 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.
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.PE ratio and valuation history
Price to earningsPrice 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.
At or below today's level on 90% of 2,460 trading days over the last 10 years.
LowestHighest
Its median15.1Industry median18.3
Price to bookPrice 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.
At or below today's level on 98% of 1,870 trading days since Nov 2018.
LowestHighest
Its median2.4Industry median1.3
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.16.1
At or below today's level on 96% of 1,870 trading days since Nov 2018.
LowestHighest
Its median10.6Industry median9.6
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 35% of 2,446 trading days over the last 10 years.
LowestHighest
Its median0.51%Industry median1.16%
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.
Peers and competitors
Commodity Chemicals, 74 listed companies, priced on 23 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.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Citurgia BiochemicalsCITURGIA | 1,353 | – | – | – | – | – | – | – | 0.00% |
 Indo Borax & ChemicalsINDOBORAX | 1,330 | 23.6 | 3.4 | 25.4 | +29.7% | +45.5% | 15.6% | 12.7% | 9.65% |
 TGV SraacTGVSL | 1,224 | 8.8 | 0.9 | 4.2 | +7.6% | +18.3% | 11.2% | 12.0% | 0.88% |
 The Andhra SugarsANDHRSUGAR | 1,035 | 9.8 | 0.6 | 4.3 | +16.5% | +204.6% | 6.5% | 8.1% | 1.83% |
 Sree Rayalaseema Hi-Strength HypoSRHHYPOLTD | 815 | 8.9 | 0.8 | 4.2 | +7.4% | +0.2% | 9.7% | 8.4% | 0.63% |
 OCCLOCCLLTD | 809 | 10.8 | 1.9 | 7.1 | +40.2% | +116.3% | 18.1% | 18.5% | 1.73% |
 Amines & PlasticizersAMNPLST | 769 | 19.9 | 2.6 | 12.0 | −12.4% | −3.0% | 14.0% | 17.5% | 0.36% |
 Transpek IndustryTRANSPEK | 704 | 18.1 | 0.9 | 7.1 | −5.2% | −29.1% | 5.2% | 5.2% | 1.59% |
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.Dividend history and dates
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.Highest ₹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. | ₹1.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
16 Oct · Board meeting
Meeting on 4 Nov 2026: quarterly results
Sep 2026
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 last 10 trading days to 23 Oct 2026, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 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 |
| 13 Oct 2026 | 430.90 | 464.70 | 417.10 | 422.05 | 445.88 | 1,01,222 |
| 12 Oct 2026 | 427.00 | 453.70 | 392.95 | 426.65 | 422.27 | 1,25,821 |
| 9 Oct 2026 | 369.85 | 390.95 | 369.85 | 385.75 | 384.13 | 14,510 |
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
- Legal name
- Vikram Thermo (India) Ltd.
- BSE code
- 530477
- ISIN
- INE337E01010
- Industry
- Chemicals & Petrochemicals
- Listed
- Jun 1995
- Face value
- ₹10
- CIN
- L24296GJ1994PLC021524
- Corporate identity number, the registrar of companies' code for it