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Vikram Solar share price

Vikram Solar Ltd.

  61 K   59   9 NSE: VIKRAMSOLR BSE: 544488 SECTOR: Electronics - Components

181.55
+4.10 (2.31%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 183.05

Today's Low

₹ 177.95

52 Week High

₹ 407.85

52 Week Low

₹ 162.15

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

6578.54 Cr.

Enterprise Value

5686.65 Cr.

No. of Shares

36.24 Cr.

P/E

14.03

P/B

2.08

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  87.08

CASH

991.97 Cr.

DEBT

100.07 Cr.

Promoter Holding

63.01 %

EPS (TTM)

₹  12.94

Sales Growth

40.64%

ROE

21.29 %

ROCE

33.9%

Profit Growth

237.22 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year40.64%
3 Year33.77%
5 Year24.96%

Profit Growth

1 Year237.22%
3 Year233.03%
5 Year66.06%

ROE%

1 Year21.29%
3 Year17.77%
5 Year8.29%

ROCE %

1 Year33.9%
3 Year27.44%
5 Year19.32%

Debt/Equity

0.0317

Price to Cash Flow

9.86

Interest Cover Ratio

5.0304

CFO/PAT (5 Yr. Avg.)

2.40322567793896

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2026 63.01 9.24
Mar 2026 63.01 6.77
Dec 2025 63.01 48.20
Sep 2025 63.12 48.20
Aug 2025 63.12 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 233.031777041374% for the Past 3 years.
  • The company has shown a good revenue growth of 33.7737250536713% for the Past 3 years.
  • The company has significantly decreased its debt by 130.594 Cr.
  • Company has been maintaining healthy ROCE of 27.4351% over the past 3 years.
  • Company is virtually debt free.
  • Company’s PEG ratio is 0.0720712200069661.
  • The company has a good cash flow management; CFO/PAT stands at 2.40322567793896.

 Limitations

  • Promoter pledging has increased from 6.7667404794954% to 9.24% in 1 quarter.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 1135.16 1109.91 1105.77 1452.6
Total Expenditure 891.36 875.51 902.4 1218.09
Operating Profit 243.8 234.39 203.37 234.51
Other Income 4.24 15.76 20.06 18.37
Interest 32.25 31.55 40.13 56.48
Depreciation 33.5 34.88 36.51 57.1
Exceptional Items 0 0 -5.62 0
Profit Before Tax 182.3 183.72 141.17 139.3
Tax 47.88 55.49 44.74 29.33
Profit After Tax 134.42 128.23 96.44 109.97
Adjusted EPS (Rs) 4.25 3.55 2.66 3.04

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 1700.47 2006.48 2440.82 3415.45 4803.43
Total Expenditure 1647.35 1824.64 2049.04 2924.88 3887.37
Operating Profit 53.12 181.85 391.78 490.57 916.07
Other Income 12.82 20.13 15.26 36.22 58.43
Interest 102.87 123.44 157.17 154.66 160.4
Depreciation 47.92 63.92 137.99 155.98 161.99
Exceptional Items 0 0 -11.64 0 -5.62
Profit Before Tax -84.86 14.62 100.24 216.15 646.49
Tax -24.72 1.92 33.43 77.06 177.43
Net Profit -60.14 12.7 66.82 139.1 469.06
Adjusted EPS (Rs.) -2.32 0.49 2.58 4.39 12.95

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 258.83 258.83 258.83 316.54 362.33
Total Reserves 107.98 128.68 201.51 940.71 2810.6
Borrowings 263.93 214.23 198.68 77.4 0
Other N/C liabilities 139.14 595.06 527.93 120.56 560.74
Current liabilities 1452.72 1248.75 1410.96 1393.88 1902.1
Total Liabilities 2222.6 2445.54 2597.92 2849.09 5635.77
Assets
Net Block 541.6 627.05 492.62 533.58 1079.14
Capital WIP 2.94 7.3 12.67 13.66 18.93
Intangible WIP 0.63 0.73 0 0 0
Investments 30.97 34.94 43.61 118.91 742.42
Loans & Advances 9.49 8.43 19.68 10.12 231.05
Other N/C Assets 57.9 52.17 49.35 190.82 189.05
Current Assets 1579.06 1714.93 1979.99 1981.99 3375.2
Total Assets 2222.6 2445.54 2597.92 2849.09 5635.77
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations -84.86 14.62 100.24 216.15 646.49
Adjustment 150.99 178.83 365.28 323.36 310.36
Changes in Assets & Liabilities 149.39 -17.97 -285.34 -223.41 -137.53
Tax Paid -8.09 -2.1 -9.7 -26.23 -152.37
Operating Cash Flow 207.43 173.37 170.48 289.87 666.94
Investing Cash Flow -157.46 -88.7 -82.02 -175.31 -1807.76
Financing Cash Flow -36.22 -100.49 -81.03 -92.33 1120.05
Net Cash Flow 13.75 -15.82 7.44 22.23 -20.77

Corporate Actions

Investors Details

PARTICULARS Aug 2025% Sep 2025% Dec 2025% Mar 2026% Jun 2026%
promoters 63.12 63.12 63.01 63.01 63.01
gaurav goel 0.01 0.01 0.01 0.01 0.01
gyanesh chaudhary - - 2.84 2.84 2.84
gyanesh chaudhary family ... 20.21 20.21 20.17 20.17 20.17
nilam chaudhary 1.90 1.90 - - 1.89
pragya jindal - - 0.23 0.23 0.23
pratibha agarwal - - 0.01 0.01 0.01
prerna rungta 0.07 0.07 0.07 0.07 0.07
vikram capital management... 30.91 30.91 30.85 30.85 30.85
vikram india limited 2.76 2.76 2.76 2.76 2.76
vsl ventures private limi... 4.17 4.17 4.17 4.17 4.17
nilam chaudhary - - 1.89 1.89 -
gyanesh chaudhary 2.84 2.84 - - -
pragya jindal 0.23 0.23 - - -
pratibha agarwal 0.01 0.01 - - -
PARTICULARS Aug 2025% Sep 2025% Dec 2025% Mar 2026% Jun 2026%
investors 36.88 36.88 36.99 36.99 36.99
bandhan small cap fund - - - 1.58 1.89
kingsman wealth fund pcc ... - - - 1.10 1.84
llp - 2.46 2.43 1.79 1.54
arpit khandelwal 2.76 2.76 2.76 2.76 -
asnu finvest private limi... 1.21 1.21 1.21 1.13 -
franklin india small cap ... - 1.10 - - -
kotak equity savings fund... - 1.05 - - -

Annual Reports

Title Link
Title Link
Annual Report 2026
Annual Report 2024

Ratings & Research Reports

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Concalls & Presentations

TYPE QUARTER Link
TYPE QUARTER Link
Concall Q4FY26
Concall Q1FY26
TYPE QUARTER Link
TYPE QUARTER Link
Presentation Q3FY26
Presentation Q3FY26
Presentation Q3FY26
Presentation Q1FY26
Presentation Q1FY26

Company News

Vikram Solar climbs on inking solar cell supply pact with Evervolt Solar Technology India 10 Jul, 10:35 AM Vikram Solar inks solar cell supply pact with Evervolt Solar Technology India 10 Jul, 10:30 AM Vikram Solar commissions new manufacturing plant in Tamil Nadu 6 Jul, 12:00 PM Vikram Solar informs about press release 6 Jul, 11:43 AM Vikram Solar informs about investor presentation 8 May, 9:53 AM Vikram Solar informs about updates 12 Mar, 5:28 PM Vikram Solar secures order to supply 378.75 MW of high-efficiency modules 25 Feb, 11:59 AM Vikram Solar informs about press release 25 Feb, 11:11 AM Vikram Solar moves up on entering into agreement with Jupiter International 24 Feb, 11:57 AM Vikram Solar submits analyst meet intimation 23 Feb, 5:26 PM Vikram Solar informs about clarification 23 Feb, 1:02 PM Vikram Solar enters into agreement with Jupiter International 23 Feb, 11:42 AM Vikram Solar informs about disclosure 21 Feb, 4:20 PM Vikram Solar informs about disclosure 20 Feb, 10:43 AM Vikram Solar informs about disclosures 7 Feb, 4:42 PM Vikram Solar informs about press release 22 Jan, 5:31 PM Vikram Solar - Quaterly Results 21 Jan, 12:00 AM Vikram Solar informs about press release 16 Jan, 4:15 PM Vikram Solar shifting entire portfolio to G12R-based module portfolio 16 Jan, 12:11 PM Vikram Solar informs about press release 3 Dec, 12:26 PM Vikram Solar expands module production capacity to 9.5 GW 26 Nov, 2:41 PM Vikram Solar informs about press release 26 Nov, 10:57 AM Vikram Solar informs about analyst meet 12 Nov, 5:00 PM Vikram Solar unveils Hypersol Pro 30 Oct, 2:21 PM Vikram Solar informs about press release 23 Oct, 11:15 AM Vikram Solar shines on winning 148.9 MW order from Sunsure Energy 23 Oct, 11:07 AM Vikram Solar wins 148.9 MW order from Sunsure Energy 23 Oct, 10:50 AM Vikram Solar informs about press release 15 Sep, 9:31 AM Vikram Solar gets order to supply 200 MW of high-efficiency modules to AB Energia 15 Sep, 9:28 AM Vikram Solar informs about investor presentation 10 Sep, 10:05 AM Vikram Solar - Quaterly Results 9 Sep, 10:04 PM Vikram Solar wins 336 MW solar module supply order from L&T Construction 8 Sep, 11:00 AM Vikram Solar informs about press release 8 Sep, 9:50 AM Vikram Solar coming with IPO to raise upto Rs 2160 crore 18 Aug, 10:45 AM Vikram Solar gets Sebi's nod to raise Rs 1,500 crore via IPO 4 Jun, 4:12 PM Vikram Solar files DRHP with SEBI to raise Rs 1,500 crore via IPO 1 Oct, 3:24 PM Vikram Solar files draft papers to raise funds through IPO 29 Mar, 4:08 PM

Vikram Solar Stock Price Analysis and Quick Research Report. Is Vikram Solar an attractive stock to invest in?

Stock investing requires careful analysis of financial data to determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse Vikram Solar. 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Vikram Solar has a PE ratio of 14.0304526176736 which is low and comparatively undervalued.

  • Return on Assets (ROA): Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Vikram Solar has ROA of 11.0564% which is a bad sign for future performance. (Higher values are always desirable.)

  • Current ratio: The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Vikram Solar has a Current ratio of 1.7745.

  • Return on equity: ROE measures the ability of a firm to generate profits from its shareholders' investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Vikram Solar has a ROE of 21.2894%. (Higher is better)

  • Debt to equity ratio: It is a good metric to check out the capital structure along with its performance. Vikram Solar has a Debt to Equity ratio of 0.0317 which means that the company has low proportion of debt in its capital.

  • Sales growth: Vikram Solar has reported revenue growth of 40.6382% which is fair in relation to its growth and performance. 

  • Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of Vikram Solar for the current financial year is 19.0711101830711%.

  • Dividend Yield: It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Vikram Solar is Rs 0 and the yield is 0%.

  • Earnings Per Share: It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of Vikram Solar is Rs 12.9447. The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of Vikram Solar in Ticker for free. Also, one can get the intrinsic value of Vikram Solar by using Valuation Calculators, which are available with a Finology ONE subscription. 

Vikram Solar FAQs

Q1. What is Vikram Solar share price today?
Ans: The current share price of Vikram Solar is Rs 181.62.

Q2. What is the market capitalisation of Vikram Solar?
Ans: Vikram Solar has a market capitalisation of Rs 6581.080267722 Cr., calculated based on its latest share price.

Q3. What are the P/E and P/B ratios of Vikram Solar?
Ans: The PE ratio of Vikram Solar is 14.0304526176736 and the P/B ratio of Vikram Solar is 2.08571625439261, showing how the stock is valued against its earnings and book value.

Q4. What is the 52-week high and low of Vikram Solar share?
Ans: The 52-week high share price of Vikram Solar is Rs 407.95, and the 52-week low share price of Vikram Solar is Rs 162.1.

Q5. Does Vikram Solar pay dividends?
Ans: Currently, Vikram Solar does not pay dividends. Dividend yield of Vikram Solar is around 0%.

Q6. What are the face value and book value of Vikram Solar shares?
Ans: The face value of Vikram Solar shares is Rs 10, while the book value per share of Vikram Solar is around Rs 87.078. Face value is the nominal value set by the company, whereas book value reflects its accounting worth.

Q7. What is the debt of Vikram Solar?
Ans: Vikram Solar has a total debt of Rs 100.073 Cr., which affects investor sentiment and financial stability. 

Q8. What are the ROE and ROCE of Vikram Solar?
Ans: The ROE of Vikram Solar is 21.2894% and ROCE of Vikram Solar is 33.8966%. ROE shows how efficiently the company is generating profit from shareholders’ equity, while the ROCE is reflects how efficiently the company uses its capital to generate returns.

Q9. Is Vikram Solar a good buy for the long term?
Ans: The Vikram Solar long-term outlook depends on debt levels, earnings growth, and sector trends. If it sustains profits and manages debt well, it may be considered for long-term investment.

Q10. Is Vikram Solar undervalued or overvalued?
Ans: Based on valuation ratios like P/E, P/B, and EV/EBITDA, one can analyse whether the Vikram Solar appears undervalued or overvalued at current levels. You can check detailed valuation metrics and peer comparisons on Finology Ticker.

Q11. How to check Vikram Solar’s financials?
Ans: You can review Vikram Solar’s financial statements - including balance sheet, income statement, and quarterly results - on Finology Ticker.

Vikram Solar Share Price News

Latest updates on Vikram Solar share price and stock news.

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Brief about Vikram Solar

Vikram Solar Share Price, Stock Analysis & Company Profile

Vikram Solar Limited is a prominent pioneer in the Indian solar energy landscape and one of the country’s largest PV module manufacturers. As a vertically integrated solar energy solutions provider, the company plays a vital role in supporting India’s renewable energy targets through high-efficiency manufacturing and comprehensive EPC services. This page serves as a dedicated hub for investors to conduct a thorough Vikram Solar stock analysis, providing critical financial data and performance trends to monitor the Vikram Solar share price.

About Vikram Solar

Vikram Solar Limited, headquartered in Kolkata, was founded in 2005 (originally incorporated as International Leather Clothiers Private Limited) and has since established itself as a leader in the solar photovoltaic (PV) module manufacturing industry. The company is known for its strong focus on R&D and quality, being one of the first Indian companies to achieve Tier-1 solar module manufacturer status globally.

With state-of-the-art manufacturing facilities located in West Bengal and Tamil Nadu, Vikram Solar caters to a massive client base that includes utility-scale power projects, commercial and industrial (C&I) clients, and residential consumers across India and in over 30 countries worldwide.

Vikram Solar Business Model

The company operates a diverse business model that spans the entire solar value chain, ensuring multiple revenue streams and operational synergy:

  • Module Manufacturing: The core business focuses on the production of high-efficiency solar modules, including mono-perc, bifacial, and TOPCon technologies.?

  • EPC Solutions: Vikram Solar provides end-to-end Engineering, Procurement, and Construction (EPC) services for ground-mounted and rooftop solar projects.?

  • Operations & Maintenance (O&M): The company offers long-term maintenance services to ensure the optimal performance of solar plants, providing steady recurring revenue.?

  • Global Exports: A significant portion of the company’s growth is driven by exports to international markets, specifically the United States and Europe, benefiting from global supply chain diversification.?

Vikram Solar IPO and Listing Details

The Vikram Solar IPO was a landmark event for the renewable energy sector in 2025, reflecting the high investor appetite for sustainable and green energy businesses.?

  • Listing Year: 2025?

  • IPO Listing Date: 26 August 2025?

  • IPO Price Band: Rs 315 to Rs 332 per share

  • Final IPO Price: Rs 332 per share?

  • Listing Price: Rs 338 (NSE) / Rs 338 (BSE)?

  • Listing Gain: Approximately 1.8% over the issue price on the debut day.

  • Face Value: Rs 10 per share

  • ISIN: INE078V01014

  • Listing Exchanges: BSE and NSE?

  • NSE Symbol: VIKRAMSOLA

  • BSE Scrip Code: 544488?

Investor Resources Available on This Page

We believe in empowering retail investors with professional-grade tools to perform a comprehensive Vikram Solar share price stock analysis. On this page, you can access:?

  • Price Chart: Visualise the historical price movements and trends of the Vikram Solar share price.(data delayed by 15 minutes)

  • Company Ratios: Analyse key metrics such as PE ratio, ROE, ROCE, and Debt-to-Equity in our dedicated ratios table.?

  • Quarterly Results: Monitor the company’s latest revenue, EBITDA, and net profit performance.

  • Balance Sheet: Review the company’s financial health, including its asset base and liability structure.

  • Cash Flow: Detailed insights into the operating, investing, and financing cash flows of the business.

  • Shareholding Pattern: Track the ownership stakes of Promoters (approximately 63%), Foreign Institutional Investors (FIIs), and Domestic Institutional Investors (DIIs).?

  • Pros & Cons: A scannable summary of the company's competitive strengths (e.g., market leadership) and potential risks (e.g., raw material price fluctuations).

  • Annual Reports: Download official annual reports and investor presentations directly from the reports section on this page.

Frequently Asked Questions (FAQs)

Q1. What is the Vikram Solar share price today?
The current trading price is displayed at the top of this page. Please note that the price data for NSE and BSE is subject to a 15-minute delay.?

Q2. What was the final IPO price of Vikram Solar?
The Vikram Solar IPO was priced at the upper end of its band at Rs 332 per equity share.?

Q3. When was Vikram Solar founded?
Vikram Solar was incorporated in 2005, originally under a different name before transitioning to its current solar-focused identity.?

Q4. Who are the promoters of Vikram Solar?
The company is primarily promoted by Gyanesh Chaudhary and the Chaudhary family, along with promoter entities like Vikram Capital Management Pvt Ltd.

Q5. What are the key manufacturing locations for Vikram Solar?
The company operates major manufacturing facilities in Falta (West Bengal) and Oragadam and Vallam (Tamil Nadu).?

Q6. What is the face value of Vikram Solar shares?
The face value of each equity share is Rs 10.?

Q7. How can I see the company's profit and loss statement?
Detailed financial statements, including the Profit & Loss account and Balance Sheet, are available in the respective tables provided on this page.?

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