Vikram Thermo (India) Receives 'Hold' Rating from MarketsMOJO, Shows Strong Growth and Technical Trends

Vikram Thermo (India), a microcap company in the chemicals industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on the company's low Debt to Equity ratio of 0.01 times and its healthy long-term growth, with an annual operating profit growth rate of 36.40%.
In addition, the company has shown positive results in September 2024, with its highest operating cash flow of Rs 23.20 crore and highest PBDIT (Profit Before Depreciation, Interest, and Taxes) of Rs 12.48 crore. Its PBT (Profit Before Tax) minus OI (Other Income) also reached a high of Rs 11.73 crore.

Technically, the stock is currently in a Mildly Bullish range and has shown improvement from a Sideways trend on 19 November 2024. The Bollinger Band, a key technical factor, has been Bullish since the same date.

However, with a ROE (Return on Equity) of 29.8, the stock is considered to have a Very Expensive valuation, with a price to book value of 5.2. This is higher than its average historical valuations.

Despite its strong performance, domestic mutual funds hold only 0% of the company, which could indicate that they are not comfortable with the current price or the business. This is surprising given the size of the company and the fact that domestic mutual funds have the capability to conduct in-depth research on companies.

Overall, while Vikram Thermo (India) has shown positive growth and technical trends, investors should carefully consider the company's valuation and the lack of interest from domestic mutual funds before making any investment decisions.