---
title: "Vikram Aroma Ltd (VIKRAMAR) — Share Price, Financials & Analysis"
symbol: "544371"
company: "Vikram Aroma Ltd"
canonical: "https://tapetide.com/stocks/544371"
isin: "INE0NR501012"
bse_code: "544371"
sector: "Chemicals"
industry: "Specialty Chemicals"
market_cap_cr: 37.02
generated_at: "2026-10-15T10:35:33.949Z"
---

# Vikram Aroma Ltd (VIKRAMAR)

Canonical page: https://tapetide.com/stocks/544371

## Company

- **BSE Code:** 544371
- **ISIN:** INE0NR501012
- **Sector:** Chemicals
- **Industry:** Specialty Chemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Listed Since:** 2025-03-06
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vikramaroma.com

## About

Incorporated in 2021, Vikram Aroma Ltd manufactures chemicals and chemical 
products[1]

## Latest Price

- **Price:** ₹118.05
- **Change:** -3.75 (-3.08%)
- **Open:** ₹121.8
- **Day High:** ₹122
- **Day Low:** ₹118
- **Previous Close:** ₹121.8
- **Volume:** 800
- **As Of:** 2026-10-15T09:38:53+00:00

## Key Fundamentals

Price-based figures as of 2026-10-15T15:08:53+05:30.

Observed at 2026-10-15T04:45:37.716258Z.

- **Market Cap:** ₹37.02 Cr
- **Classification:** Microcap
- **P/E (TTM):** 69.85
- **EPS (TTM):** ₹1.69
- **Book Value:** ₹67.11
- **Price to Book:** 1.76
- **Dividend Yield:** 0%
- **ROE:** -1.83%
- **ROCE:** -0.83%
- **Debt to Equity:** 0.15
- **Revenue (yearly):** ₹23.5 Cr
- **Net Income:** -₹0.4 Cr
- **EBITDA:** ₹1 Cr
- **52-Week High:** ₹155.11
- **52-Week Low:** ₹53.11
- **RSI (14):** 56.72

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-10-14
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Average · Valuation: Expensive · Momentum: Rising
- **Percentile:** 43.3 (of 4490 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 45.83 | 9% |
| growth | 26.13 | 9% |
| momentum | 98.9 | 12% |
| ownership | 50 | 24% |
| quality | 52.52 | 22% |
| valuation | 35.13 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has a low return on equity of -3.54% over last 3 years.
- Debtor days have increased from 56.2 to 76.8 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 142.11% | 133.33% | -98.25% |
| ebitda margin growth | 350% | — | 162.66% | — |
| net income growth | 400% | -73.33% | 0% | 300% |
| revenue growth | -28% | -16.96% | -2.3% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.19 | 4.08 | 7.73 | 4.81 | 9.35 | 6.25 | 5.09 | 6.01 | 4.76 | 7.39 | 5.31 |
| Expenses | 6.89 | 4.47 | 8.06 | 5.02 | 9.22 | 6.08 | 4.62 | 6.33 | 4.51 | 7.1 | 3.62 |
| Operating Profit | 0.3 | -0.39 | -0.33 | -0.21 | 0.13 | 0.17 | 0.47 | -0.32 | 0.25 | 0.29 | 1.69 |
| OPM % | 4.17 | -9.56 | -4.27 | -4.37 | 1.39 | 2.72 | 9.23 | -5.32 | 5.25 | 3.92 | 31.83 |
| Other Income | 0 | 0.04 | 0.01 | 0.07 | 0.1 | -0.01 | 0.03 | 0.06 | 0.06 | 0.13 | 0.08 |
| Interest | 0.02 | 0 | 0 | 0.06 | 0.08 | 0.3 | 0.16 | 0.13 | 0.1 | 0.1 | 0.13 |
| Depreciation | 0.27 | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.29 | 0.3 | 0.29 | 0.29 | 0.29 |
| Profit before tax | 0.01 | -0.61 | -0.58 | -0.47 | -0.12 | -0.41 | 0.05 | -0.69 | -0.08 | 0.03 | 1.35 |
| Tax % | 0 | 0 | 0 | -29.79 | -16.67 | 51.22 | -20 | -17.39 | -62.5 | -400 | 26.67 |
| Net Profit | 0.01 | -0.61 | -0.58 | -0.33 | -0.11 | -0.61 | 0.06 | -0.57 | -0.04 | 0.16 | 0.98 |
| EPS in Rs | — | — | -1.85 | -1.05 | -0.35 | -1.95 | 0.19 | -1.82 | -0.13 | 0.51 | 3.13 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 25.12 | 28.14 | 23.25 | 23.47 |
| Expenses | 0.07 | 0 | 24.81 | 28.36 | 22.52 | 21.56 |
| Operating Profit | -0.07 | 0 | 0.31 | -0.22 | 0.73 | 1.91 |
| OPM % | — | — | 1.23 | -0.78 | 3.14 | 8.14 |
| Other Income | 0 | 0 | 0.09 | 0.16 | 0.24 | 0.33 |
| Interest | 0 | 0 | 0.05 | 0.45 | 0.49 | 0.46 |
| Depreciation | 0 | 0 | 1.05 | 1.07 | 1.16 | 1.17 |
| Profit before tax | -0.07 | 0 | -0.7 | -1.58 | -0.68 | 0.61 |
| Tax % | 0 | 0 | -38.57 | -4.43 | -44.12 | — |
| Net Profit | -0.07 | 0 | -0.43 | -1.5 | -0.38 | 0.53 |
| EPS in Rs | — | — | — | -4.78 | -1.21 | 1.69 |
| Dividend Payout % | 0 | — | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0 | 0 | 0 | 3.14 | 3.14 |
| Reserves | -0.07 | 23.28 | 22.86 | 18.25 | 17.91 |
| Borrowings | 0.07 | 0.05 | 0.05 | 2.5 | 3.14 |
| Other Liabilities | 0 | 8.64 | 9.6 | 9.54 | 9.85 |
| Total Liabilities | 0 | 31.97 | 32.51 | 33.43 | 34.04 |
| Fixed Assets | 0 | 20.97 | 20.87 | 20.5 | 21.9 |
| CWIP | 0 | 0 | 0 | 0.01 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 11 | 11.64 | 12.92 | 12.14 |
| Total Assets | 0 | 31.97 | 32.51 | 33.43 | 34.04 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.06 | — | 0.48 | -2.66 | 1.12 |
| Cash from Investing Activity | 0 | — | -0.91 | -1.87 | -1.22 |
| Cash from Financing Activity | 0.07 | — | -0.05 | 2 | 0.09 |
| Net Cash Flow | 0.01 | — | -0.49 | -2.53 | -0.01 |
| Free Cash Flow | -0.06 | — | -0.44 | -4.06 | -0.12 |
| CFO/OP | 86 | — | 165 | 1205 | 145 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | 40.98 | 50.85 | 76.77 |
| Inventory Days | — | — | 105.85 | 89.99 | 115.75 |
| Days Payable | — | — | 161.8 | 149.53 | 203.14 |
| Cash Conversion Cycle | — | — | -14.97 | -8.7 | -10.62 |
| Working Capital Days | — | — | -7.27 | -4.15 | -3.92 |
| ROCE % | — | 0 | -2.98 | -4.83 | -0.79 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% | 65.94% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.48% | 27.96% | 28.26% | 28.3% | 28.31% | 28.2% | 27.79% |
| Others | 7.58% | 6.1% | 5.8% | 5.76% | 5.75% | 5.86% | 6.27% |
| No. of Shareholders | 13998 | 10140 | 9526 | 9007 | 8654 | 8301 | 8032 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 124.43 | Sell |
| EMA (10) | 121.34 | Sell |
| SMA (20) | 121.05 | Sell |
| EMA (20) | 117.74 | Buy |
| SMA (50) | 96.99 | Buy |
| EMA (50) | 102.74 | Buy |
| SMA (100) | 82.65 | Buy |
| EMA (100) | 90.13 | Buy |
| SMA (200) | 74.45 | Buy |
| EMA (200) | 84.28 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 53.95 | Neutral |
| MACD (12,26,9) | 6.85 | Sell |
| Stochastic (14,3,3) | 27.32 | Neutral |
| ADX (14) | 30.97 | Buy |
| Williams %R (14) | -78.52 | Neutral |
| ATR (14) | 8.11 | High Volatility |
| ROC (12) | -18.72 | Sell |
| Stoch RSI (14) | 9.96 | Buy |
| UO (7,14,28) | 46.88 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-05-11 | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7fffa600-e334-4b21-889c-a8cbf8ceb1d3.pdf) |
| 2026-04-27 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachHis/77277be4-32b8-43fa-9e5e-5fa8348cac14.pdf) |
| 2026-04-27 | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A](https://www.bseindia.com/xml-data/corpfiling/AttachLive/77277be4-32b8-43fa-9e5e-5fa8348cac14.pdf) |
| 2026-04-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6004d844-f8e7-4b47-8ea2-7376ee69b74d.pdf) |
| 2026-03-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/204BF106_FE2C_425F_838B_457C5E9EB0B1_135225.pdf) |
| 2026-03-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/13E49349_899C_4F93_936E_754841D42931_140354.pdf) |
| 2026-03-27 | [Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a7ba847c-3be6-4889-b4f6-d904c15476aa.pdf) |
| 2026-02-25 | [Disclosure under SEBI Takeover Regulations](https://nsearchives.nseindia.com/corporate/team_bbodade_25022026185509_SANGINITA.pdf) |
| 2026-02-11 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2e560221-2b02-405a-aab6-5fb2c0af102e.pdf) |
| 2026-02-10 | [Board Meeting Outcome for OUTCOME OF MEETING OF Board HELD ON 10TH FEBRUARY, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0a0b7300-2ea9-48c5-9119-4e3585e5f6eb.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2026 | [Annual Report 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c194564-6724-415f-acd3-3c1e9a6b36ff.pdf) |
| 2025 | [Annual Report 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/795b518d-7914-422d-8631-767b908d1739.pdf) |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/AR_26667_SANGINITA_2024_2025_A_01072025175340.pdf) |
| 2024 | [Financial Year 2024](https://archives.nseindia.com/annual_reports/AR_24842_SANGINITA_2023_2024_06082024195259.pdf) |
| 2023 | [Financial Year 2023](https://archives.nseindia.com/annual_reports/AR_21976_SANGINITA_2022_2023_06062023202032_06062023210000.zip) |
| 2022 | [Financial Year 2022](https://archives.nseindia.com/annual_reports/AR_20758_SANGINITA_2021_2022_20082022162144_08202022170002.zip) |
| 2021 | [Financial Year 2021](https://archives.nseindia.com/annual_reports/AR_18487_SANGINITA_2020_2021_21072021172950_21072021180003.zip) |
| 2020 | [Financial Year 2020](https://archives.nseindia.com/annual_reports/AR_17073_SANGINITA_2019_2020_01092020161422_01092020170002.zip) |
| 2019 | [Financial Year 2019](https://archives.nseindia.com/annual_reports/AR_15349_SANGINITA_2018_2019_24082019145712_24082019150005.zip) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2024-01-02 | Credit rating update — CARE Ratings |
| 2023-04-26 | Credit rating update — CARE Ratings |
| 2022-06-06 | Credit rating update — CARE Ratings |
| 2021-06-11 | Credit rating update — CARE Ratings |
| 2020-07-29 | Credit rating update — CARE Ratings |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-10-12 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5d16b18-fcbe-4577-b322-aaa20c786523.pdf) |
| 2026-09-30 | [Reply To The Clarification Sought By The Stock Exchange With Reference To The Significant Movement In The Price Of The Security Of The Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d76e9b1d-9402-4afb-8bb4-b9e68bcb303c.pdf) |
| 2026-09-29 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=19024ff3-4e79-4131-95dc-cc66a5b2fd80.pdf) |
| 2026-09-29 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d32e7d9c-1190-4338-9c0a-074a3f5d97b1.pdf) |
| 2026-09-23 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4d06c86-7f95-45c9-a923-43d57ab56ab9.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b4e7262e-1e19-4640-8579-af5ae0011151.pdf) |
| 2026-09-03 | [INTIMATION AND SUBMISSION OF NOTICE OF ANNUAL GENERAL MEETING (AGM)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6aedafe8-407c-4409-8ff6-6ea83fe02b27.pdf) |
| 2026-09-03 | [INTIMATION OF BOOK CLOSURE](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a83e6e68-adab-4d24-90a1-949b40200b0b.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7c194564-6724-415f-acd3-3c1e9a6b36ff.pdf) |
| 2026-08-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a0008017-2884-4071-8be7-4fe154a69cdf.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015 FOR M/S. VIKRAM AROMA LIMITED.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=61164558-d4d1-4096-9a3e-466315120c58.pdf) |
| 2026-05-26 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015 FOR M/S. VIKRAM AROMA LIMITED](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=017b2f8d-1aab-4a5d-8dfc-7682330079b5.pdf) |
| 2026-02-10 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89889aab-f6dc-49bd-ab21-6c1b8b59ecaf.pdf) |
| 2025-11-11 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015 FOR M/S. VIKRAM AROMA LIMITED](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a220a335-38b0-4052-8070-34cb2b540410.pdf) |
| 2025-08-12 | [Unaudited Financial Results For The Quarter Ended On 30Th June 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=daa3b272-9e2c-4369-89fd-04617c677cad.pdf) |
| 2025-05-26 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3a9e7fd-d147-402c-8c66-ec2e29c3b8bf.pdf) |
| 2025-03-11 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015 FOR M/S. VIKRAM AROMA LIMITED.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bf03c4d-f1af-42b2-b0eb-79a8d0cde9c6.pdf) |
| 2025-03-06 | [COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS 2015 FOR M/S. VIKRAM AROMA LIMITED.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa19627f-5f84-4c38-9d29-aef228f37f54.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-15T10:35:33.949Z.