Vikram Aroma Limited
About Vikram Aroma Limited
Data last updated:
Vikram Aroma Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the manufacturing segment of the chemicals sector. It was incorporated on 17 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24296GJ2021PLC121253. It is a listed company as per MCA records. Its shares are listed on BSE: 544371.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.14 Cr. It is led by directors including Ankur Dhirajlal Patel (Managing Director) and Ketan Chimanlal Patel.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at A/704 – 714 The Capital Science City Road, Ahmedabad, Gujarat, India – 380060.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹23.25 Cr, a decline of 17.4% compared to the previous year. For the same year it recorded a net loss of ₹38 Lakh (net margin -1.6%) and EBITDA of ₹73 Lakh (EBITDA margin 3.1%). The net worth stands at ₹21.05 Cr (down 1.6% YoY). Total assets are valued at ₹24.19 Cr (up 1.3% YoY).
As per MCA filings, the company has open charges of ₹5.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (2 market trades); the latest was in September 2026. Its 10 peer companies in the Chemicals industry (Aromatics) are compared by revenue, 5 larger and 5 smaller; the largest is Milan Cosmetics Private Limited with revenue of ₹31.41 Cr.
Company details
CIN history
Vikram Aroma has one previous CIN (Corporate Identification Number): U24296GJ2021PLC121253. The current CIN is L24296GJ2021PLC121253, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L24296GJ2021PLC121253 | Current |
| U24296GJ2021PLC121253 | Previous |
Contact details
Vikram Aroma Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressA/704 – 714 The Capital Science City Road, Ahmedabad, Gujarat, India – 380060
- IndustryChemicals, Manufacturing, Chemical Elements And Compounds Doped, Other Chemical Product
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Vikram Aroma Limited
FY 2025-26 filings availableVikram Aroma Limited reported revenue of ₹23.25 Cr (down 17.4% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 23.25 | 28.14 | 25.12 | 0.00 | 0.00 |
| Revenue growth | -17.4% | +12.0% | - | - | - |
| EBITDA | 0.73 | (0.21) | 0.30 | 0.00 | (0.06) |
| EBITDA margin | +3.1% | -0.8% | +1.2% | - | - |
| Profit before tax | (0.68) | (1.57) | (0.71) | 0.00 | (0.06) |
| Net profit | (0.38) | (1.50) | (0.48) | 0.00 | (0.06) |
| Net profit margin | -1.6% | -5.3% | -1.9% | - | - |
| EPS (₹) | (1.23) | (4.78) | (43,390.00) | 0.00 | (9,439.01) |
| Balance sheet | |||||
| Total assets | 24.19 | 23.89 | 22.91 | 23.34 | 0.00 |
| Net worth | 21.05 | 21.39 | 22.86 | 23.28 | (0.07) |
| Total debt | 3.14 | 2.50 | 0.05 | 0.05 | 0.07 |
| Cash & bank | 0.67 | 0.65 | 2.69 | 3.18 | 0.01 |
| Net working capital | 2.15 | 2.83 | 2.24 | 2.87 | 0.01 |
| Cash flow | |||||
| Cash from operations | 1.12 | (2.66) | 0.48 | - | (0.06) |
| Cash from investing | (1.22) | (1.87) | (0.91) | - | 0.00 |
| Cash from financing | 0.09 | 2.00 | (0.05) | - | 0.07 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.31 | 7.39 | 4.76 | 6.01 | 5.09 | 6.25 | 9.35 | 4.81 |
| Revenue growth (YoY) | +4.3% | +18.2% | -49.1% | +25.0% | -34.2% | - | - | - |
| Other income | 0.08 | 0.13 | 0.06 | 0.06 | 0.03 | (0.01) | 0.10 | 0.07 |
| Total expenses | 3.62 | 7.09 | 4.51 | 6.34 | 4.62 | 6.07 | 9.24 | 5.02 |
| EBITDA | 1.69 | 0.30 | 0.25 | (0.33) | 0.47 | 0.18 | 0.11 | (0.21) |
| EBITDA margin | +31.8% | +4.1% | +5.3% | -5.5% | +9.2% | +2.9% | +1.2% | -4.4% |
| Depreciation | 0.29 | 0.29 | 0.29 | 0.30 | 0.29 | 0.27 | 0.27 | 0.27 |
| Interest | 0.13 | 0.10 | 0.10 | 0.13 | 0.16 | 0.30 | 0.08 | 0.06 |
| Profit before tax | 1.35 | 0.04 | (0.08) | (0.70) | 0.05 | (0.40) | (0.14) | (0.47) |
| Tax | 0.36 | (0.12) | (0.05) | (0.12) | (0.01) | 0.21 | (0.02) | (0.14) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.31 | 7.39 | 4.76 | 6.01 | 5.09 | 6.25 | 9.35 | 4.81 |
| Revenue growth (YoY) | +4.3% | +18.2% | -49.1% | +25.0% | -34.2% | - | - | - |
| Other income | 0.08 | 0.13 | 0.06 | 0.06 | 0.03 | (0.01) | 0.10 | 0.07 |
| Total expenses | 3.62 | 7.09 | 4.51 | 6.34 | 4.62 | 6.07 | 9.24 | 5.02 |
| EBITDA | 1.69 | 0.30 | 0.25 | (0.33) | 0.47 | 0.18 | 0.11 | (0.21) |
| EBITDA margin | +31.8% | +4.1% | +5.3% | -5.5% | +9.2% | +2.9% | +1.2% | -4.4% |
| Depreciation | 0.29 | 0.29 | 0.29 | 0.30 | 0.29 | 0.27 | 0.27 | 0.27 |
| Interest | 0.13 | 0.10 | 0.10 | 0.13 | 0.16 | 0.30 | 0.08 | 0.06 |
| Profit before tax | 1.35 | 0.04 | (0.08) | (0.70) | 0.05 | (0.40) | (0.14) | (0.47) |
| Tax | 0.36 | (0.12) | (0.05) | (0.12) | (0.01) | 0.21 | (0.02) | (0.14) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 23.25 | 28.14 | 25.12 | 0.00 | 0.00 |
| Revenue growth | -17.4% | +12.0% | - | - | - |
| Other income | 0.24 | 0.16 | 0.09 | 0.00 | 0.00 |
| Total expenses | 22.52 | 28.35 | 24.82 | 0.00 | 0.06 |
| Employee cost | 1.68 | 1.76 | 1.46 | 0.00 | 0.00 |
| EBITDA | 0.73 | (0.21) | 0.30 | 0.00 | (0.06) |
| EBITDA margin | +3.1% | -0.8% | +1.2% | - | - |
| Depreciation | 1.16 | 1.07 | 1.05 | 0.00 | 0.00 |
| Interest | 0.49 | 0.45 | 0.05 | 0.00 | 0.00 |
| Profit before tax | (0.68) | (1.57) | (0.71) | 0.00 | (0.06) |
| Tax | (0.30) | (0.07) | (0.27) | 0.00 | 0.00 |
| Net profit | (0.38) | (1.50) | (0.48) | 0.00 | (0.06) |
| Net profit margin | -1.6% | -5.3% | -1.9% | - | - |
| EPS (₹) | (1.23) | (4.78) | (43,390.00) | 0.00 | (9,439.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 3.14 | 3.14 | 0.00 | 0.00 | 0.00 |
| Reserves & surplus | 17.91 | 18.25 | 19.72 | 20.14 | (0.07) |
| Shareholders' funds (net worth) | 21.05 | 21.39 | 22.86 | 23.28 | (0.07) |
| Secured loans | 3.08 | 2.50 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.06 | 0.00 | 0.05 | 0.05 | 0.07 |
| Total debt | 3.14 | 2.50 | 0.05 | 0.05 | 0.07 |
| Total liabilities | 24.19 | 23.89 | 22.91 | 23.34 | 0.00 |
| Assets | |||||
| Gross block | 31.69 | 29.12 | 28.43 | 27.69 | 0.00 |
| Net block | 21.90 | 20.49 | 20.86 | 20.97 | 0.00 |
| Capital work in progress | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 5.02 | 5.35 | 5.60 | 3.76 | 0.00 |
| Sundry debtors | 4.89 | 3.92 | 2.82 | 3.51 | 0.00 |
| Cash & bank balances | 0.67 | 0.65 | 2.69 | 3.18 | 0.01 |
| Loans & advances | 1.28 | 2.03 | 0.25 | 0.30 | 0.00 |
| Total current assets | 11.86 | 11.95 | 11.36 | 10.75 | 0.01 |
| Total current liabilities | 9.71 | 9.12 | 9.12 | 7.88 | 0.00 |
| Net working capital | 2.15 | 2.83 | 2.24 | 2.87 | 0.01 |
| Total assets | 24.19 | 23.89 | 22.91 | 23.34 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 0.16 | 2.69 | 3.18 | - | 0.00 |
| Net cash from operating activities | 1.12 | (2.66) | 0.48 | - | (0.06) |
| Net cash from investing activities | (1.22) | (1.87) | (0.91) | - | 0.00 |
| Net cash from financing activities | 0.09 | 2.00 | (0.05) | - | 0.07 |
| Net change in cash | (0.01) | (2.53) | (0.49) | - | 0.01 |
| Closing cash | 0.67 | 0.65 | 2.69 | - | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | -17.4% | +12.0% | - | - | - |
| EBITDA growth | +447.6% | -170.0% | - | +100.0% | - |
| PBT growth | +56.7% | -121.1% | +9997.0% | +9997.0% | +9997.0% |
| Net income growth | +74.7% | -212.5% | - | +100.0% | - |
| EBITDA CAGR (3Y) | - | +51.8% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | -1.6% | -5.3% | -1.8% | - | - |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.13 | 0.06 | 0.00 | 0.01 | 0.00 |
| Long-term debt / equity | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -113.95 | -35.16 | -6.67 | - | 0.00 |
| Efficiency & per share | |||||
| Fixed asset turnover | 0.76 | 0.98 | 0.90 | 0.00 | 0.00 |
| Inventory turnover | 4.48 | 5.14 | 5.37 | 0.00 | 0.00 |
| Debtors turnover | 5.28 | 8.35 | 7.94 | 0.00 | 0.00 |
| EPS (₹) | (1.23) | (4.78) | (43,390.00) | 0.00 | (9,439.01) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 67.11 | 68.20 | 19,71,730.00 | 20,14,460.00 | (9,429.01) |
To see the full year-wise statements and ratios of Vikram Aroma Limited, buy the company report.
Board of directors of Vikram Aroma Limited
Vikram Aroma has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketan Chimanlal Patel | Director | 22 Feb 2024 | 2 Years 8 Months | Current |
| Bharatbhai Manubhai Shah | Director | 22 Feb 2024 | 2 Years 8 Months | Current |
| Alpaben Alpeshbhai Patel | Director | 22 Feb 2024 | 2 Years 8 Months | Current |
| Ankur Dhirajlal Patel Also directs: Vikram Thermo (India) Limited | Managing Director | 17 Mar 2021 | 5 Years 7 Months | Current |
| Shaileshkumar Prahladbhai Patel Also directs: Seattle Pharmacaine LLP | Director | 22 Feb 2024 | 2 Years 8 Months | Current |
| Mahendrabhai Ghanshyambhai Patel | Nodal Officer | 20 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Vikram Aroma Limited is compared with the 10 companies closest to it by revenue in the Chemicals industry (Aromatics), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Milan Cosmetics Private Limited | ₹31.41 Cr (FY 2024) | 2.0% | Daman (U.T), Daman and Diu, India | |||
| Vignesh Personal Care Private Limited | ₹30.61 Cr (FY 2025) | 7.0% | Chennai, Tamil Nadu, India | |||
| Sri Dharmasthala Siri Gramodyoga Samsthe | ₹30.28 Cr (FY 2024) | 20.0% | Belthangady, Karnataka, India | |||
| Moraya Global Limited | ₹29.51 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Wonder Hygiene Products Pvt Ltd | ₹28.99 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Jesal Products Private Limited | ₹27.97 Cr (FY 2025) | 18.0% | Ahmedabad, Gujarat, India | |||
| Natures Natural India Oils Private Limited | ₹27.85 Cr (FY 2025) | 23.0% | Ghaziabad, Uttar Pradesh, India | |||
| Sivaroma Naturals Private Limited | ₹27.68 Cr (FY 2025) | 23.0% | Delhi, India | |||
| Capesy Natural Extractors Private Limited | ₹27.68 Cr (FY 2025) | 122.0% | Aluva, Kerala, India | |||
| Virat Exports Private Limited | ₹27.6 Cr (FY 2024) | -19.0% | Delhi, India | |||
| Vikram Aroma Limitedthis company | ₹23.25 Cr (FY 2026) | -₹38 Lakh | -1.6% | -17.4% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Vikram Aroma Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2024 | 100958747 | Hdfc Bank Limited | ₹5.8 Cr | Open |
To see the full charge records of Vikram Aroma Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Vikram Aroma Limited has 2 deals on record (2 market trades); the latest was in September 2026.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹17.2 Lakh | Buyer: an individual |
| Apr 2025 | Market trade | ₹32.4 Lakh | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vikram Aroma Limited has 1 court case on record: 1 filed by Vikram Aroma. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Vikram Aroma Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vikram Aroma Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Vikram Aroma Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Vikram Aroma Limited has 14 board changes on record since 2021: 6 appointments and 8 cessations. The latest: Mahendrabhai Ghanshyambhai Patel was appointed as Nodal Officer on 20 Jun 2025.
7 earlier events are in the company report.
Frequently asked questions
Vikram Aroma is an active public limited company based in Ahmedabad, Gujarat, India. The company works in manufacturing, within the chemicals industry. It was incorporated on 17 March 2021 (5+ years old) and is registered under CIN L24296GJ2021PLC121253. Listed on BSE: 544371.
Vikram Aroma reported revenue of ₹23.25 Cr for FY 2025-26 (down 17.4% YoY) based on standalone financials.
Vikram Aroma has 6 current directors:
- Ankur Dhirajlal Patel - Managing Director
- Ketan Chimanlal Patel - Director
- Bharatbhai Manubhai Shah - Director
- Alpaben Alpeshbhai Patel - Director
- Shaileshkumar Prahladbhai Patel - Director
- Mahendrabhai Ghanshyambhai Patel - Nodal Officer
The latest financial statements of Vikram Aroma on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Vikram Aroma is L24296GJ2021PLC121253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vikram Aroma is a listed company as per MCA records. Its shares are listed on BSE (code: 544371).
Vikram Aroma has 1 court case on record: 1 filed by the company.
Vikram Aroma was incorporated on 17 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Vikram Aroma has 2 deals on record (2 market trades); the latest was in September 2026.
The peers of Vikram Aroma by revenue are Milan Cosmetics Private Limited, Vignesh Personal Care Private Limited, Sri Dharmasthala Siri Gramodyoga Samsthe, Moraya Global Limited, Wonder Hygiene Products Pvt Ltd and 5 more, all in the Chemicals industry (Aromatics).
Mahendrabhai Ghanshyambhai Patel was appointed as Nodal Officer on 20 Jun 2025. Alpaben Alpeshbhai Patel ceased to be Additional Director on 15 Mar 2024. Bharatbhai Manubhai Shah ceased to be Additional Director on 15 Mar 2024. Vikram Aroma has 14 board changes on record in total.