Indian pharma industry is growing steadily over the past many years and it it is expected to do soin future. Along with the sales of big pharma companies , some allied products manufactures are also showing decent growth.Vikram Thermo is such a company.It is a manufacturer of coating polymers used in pharma industry.Coating for tablets are used mainly for the purpose of moisture protection, control release ( sustained release), to keep the flavour and taste. ..etc .Company's manufacturing facility is located near Ahmedabad with an R & D facility.Other than coating polymers company is also manufacturing thickening agents and aromatic chemicals.Its 'Drugcoat' brand is one of the well accepted brands in this industry. Company is showing steady growth over the past many years .In FY 2011 , Vikram posted a turnover of Rs.32 Cr v/s Rs.21 Cr and a net profit of Rs.3 Cr v/s Rs.2 Cr. On an equity base of Rs.5.58 Cr ,full year EPS is Rs.5.4/- .It is also a regular dividend payer too.It is a stock to watch for low risk takers aiming steady growth and reasonable dividend yield . CMP is Rs.25/-
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