VI
Vikram Solar Ltd (VIKRAMSOLR)
₹125.29
Mkt cap
₹4,540 Cr
P/E ratio
12.60
P/B
1.43
Div yield
0.00%
ROE
21.40%
ROCE
30.60%
EPS (TTM)
₹9.94
Book value
₹88
52W range
125–340
Sector
Industrials
Price history
Previous close
Incorporated in 2005, Vikram Solar Ltd manufactures solar PV modules and also provides EPC and O&M services. [1]
NSE VIKRAMSOLRBSE 544488
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−63.16% from high₹125
₹125+0.63% from low₹340
Current
₹125.29
Prev close
₹128.00
Day
−2.12%
Price performance
1D
−2.32%
1W
−2.31%
1M
−21.88%
3M
−28.80%
6M
−44.62%
1Y
−63.13%
YTD
−47.75%
Financials
Revenue, profit & margin
P/E ratio
12.6×
VIKRAMSOLR is 48% below the sector median of 24.2×
VIKRAMSOLR12.6×
Sector median24.2×
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 631 | 573 | 1,026 | 1,194 | 1,134 | 1,110 | 1,106 | 1,453 | 1,563 | |
| Expenses | 519 | 501 | 941 | 970 | 891 | 875 | 901 | 1,218 | 1,437 | |
| Operating Profit | 111 | 72 | 85 | 224 | 242 | 235 | 205 | 234 | 126 | |
| OPM % | 18% | 13% | 8% | 19% | 21% | 21% | 19% | 16% | 8% | |
| Other Income | 6 | 11 | 12 | 8 | 4 | 16 | 15 | 18 | 13 | |
| Interest | 45 | 34 | 28 | 48 | 32 | 32 | 40 | 57 | 49 | |
| Depreciation | 37 | 37 | 39 | 42 | 34 | 35 | 37 | 57 | 64 | |
| Profit before tax | 36 | 11 | 30 | 141 | 181 | 184 | 143 | 139 | 25 | |
| Tax % | 36% | 36% | 36% | 36% | 26% | 30% | 31% | 21% | 22% | |
| Net Profit | 23 | 7 | 19 | 91 | 133 | 128 | 98 | 110 | 20 | |
| EPS in Rs | 0.72 | 0.23 | 0.60 | 2.86 | 4.21 | 3.55 | 2.71 | 3.05 | 0.55 | |
| Raw PDF |
Earnings
Results dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move −2.65% · closed higher next day 2 of last 5
| Q1FY26 | Q2FY26 | Q3FY26† | Q4FY26† | Q1FY27 | |
|---|---|---|---|---|---|
| Broadcast | 9 Sept '25◦ | 16 Oct '25◦ | 20 Jan '26 | 7 May '26◦ | 6 Aug '26◦ |
| Earnings day | +5.05% | −2.09% | −8.52% | −2.14% | −5.53% |
| +1 day | +2.65% | −3.32% | −5.28% | +0.24% | −9.86% |
| +5 days | −3.41% | −4.84% | −7.65% | −0.63% | −7.94% |
| +15 days | −7.97% | −7.49% | +9.27% | −2.25% | −0.72% |
| +30 days | −8.42% | −26.70% | −18.96% | −6.31% | −5.87% |
| Filing | XBRL | XBRL | XBRL | XBRL |
Corporate actions
Last 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
as of Sep 202663.01%Promoter
Promoters63.01%
FIIs3.10%0.27
DIIs3.65%0.39
Public30.21%0.61
Ownership trend
Peers
8 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| Waaree Energies | ₹2,304.00 | 16.99 | 66,275 | 0.17% | 754 | −14.70% | 7,518 | +23.94% | 38.45% |
| Apar Inds. | ₹15,678.00 | 46.86 | 65,652 | 0.38% | 447 | +77.72% | 6,931 | +21.27% | 31.81% |
| Premier Energies | ₹876.00 | 23.88 | 39,766 | 0.11% | 472 | +50.45% | 2,463 | +35.25% | 32.71% |
| MTAR Technologie | ₹6,838.00 | 109.40 | 21,033 | 0.00% | 60 | +1,307.76% | 407 | +200.00% | 15.15% |
| Diamond Power | ₹344.40 | 111.04 | 20,598 | 0.00% | 57 | +197.81% | 707 | +132.98% | 10.38% |
| Emmvee Photovol. | ₹229.00 | 11.18 | 15,855 | 0.44% | 382 | +60.62% | 1,576 | +39.38% | 44.62% |
| Avalon Tech | ₹2,050.30 | 102.64 | 13,713 | 0.00% | 35 | +145.39% | 484 | +49.83% | 19.29% |
| Vikram Solar | ₹125.29 | 12.59 | 4,540 | 0.00% | 20 | −85.17% | 1,563 | +37.89% | 30.56% |
| Median: 60 Co. | ₹271.48 | 24.23 | 780 | 0.00% | 11 | +44.03% | 194 | +35.72% | 21.57% |
Filings
Annual reports2
Concall transcripts15
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Press Release / Media Release 27 Oct - Vikram Solar wins 289.87 MWp module supply orderNLC India for Rajasthan project by March 2027.Announcement under Regulation 30 (LODR)-Press Release / Media Release 23 Oct - 9-GW TOPCon cell plant at Gangaikondan to produce first cells in December 2026.Announcement under Regulation 30 (LODR)-Press Release / Media Release 15 Oct - Vikram Solar wins 187 MW module supply order for Karnataka and Tamil Nadu projects, to execute by December 2026.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 6 Oct - Regulation 74(5) compliance certificate received for dematerialisation for quarter ended 30 September 2026.Closure of Trading Window 30 Sep