Vikram Thermo Experiences Quality Grade Adjustment Amid Strong Financial Performance

Vikram Thermo, a microcap player in the commodity chemicals sector, has recently undergone a quality adjustment in its evaluation. The company has demonstrated notable financial metrics, including a five-year sales growth of 14.78% and an impressive EBIT growth of 24.76%. Additionally, its EBIT to interest ratio stands at 26.57, indicating a solid ability to cover interest expenses.
The company's financial health is further reflected in its low debt levels, with a debt to EBITDA ratio of 0.41 and a net debt to equity ratio of just 0.01. Vikram Thermo also showcases a strong return on capital employed (ROCE) of 27.23% and a return on equity (ROE) of 21.29%.

In comparison to its peers, Vikram Thermo's performance aligns with several companies in the industry, such as Stallion India and TGV Sraac, which also maintain average quality standings. However, it is noteworthy that Oriental Aromatics lags behind with a below-average evaluation.

Overall, Vikram Thermo's financial indicators reflect a stable position within the commodity chemicals market, despite the recent evaluation revision.