The share price of Vikram Thermo (India) Limited has increased by 21.9% in the last 28 days. At a meeting held on April 01, 2022, the Board of the company approved the increase in authorised share capital to Rs 32 crore divided into 3.20 crore equity shares of Rs 10 each.
Further, it also approved the issue of bonus equity shares in the ratio of 4 shares for every one equity share that was held by the shareholders. These bonus shares shall be issued out of free reserves created out of profits or share of profits or share premium account available as on premium account. The company will go Ex-bonus on May 12th 2022.
The share price of Vikram Thermo India Limited has increased by 6.19%, however, it has closed 1.69% down on Thursday’s closing bell.
Vikram Thermo (India) Limited is engaged in the business of manufacturing and selling pharma polymers and aromatic chemicals. Its pharma polymers business accounts for a major portion (about 70%) of its revenues. 80% of its income comes from domestic business and the rest comes from export business. It has two manufacturing facilities in Dhanot and Indrad in Gujarat.
It is a small-cap company with a market capitalization of ₹ 172 Crores. It has an ideal debt to equity ratio of 0.16 and a good current ratio of 2.07. Its average net profit growth for the last three years is 72.78%. It does not have pledged shares and its promoters hold a 65.58% stake in the company.
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