VI
Vikram Solar Ltd (VIKRAMSOLR)
₹181.80
Mkt cap
₹7,024 Cr
P/E ratio
14.80
P/B
2.08
Div yield
0.00%
ROE
21.40%
ROCE
30.60%
EPS (TTM)
₹12.28
Book value
₹88
52W range
166–379
Sector
Industrials
Incorporated in 2005, Vikram Solar Ltd manufactures solar PV modules and also provides EPC and O&M services. [1]
Health check
Constructive
ValuationCheap
ProfitabilityStrong
GrowthHigh
TechnicalsBearish
52-week range
−52.01% from high₹182
₹166+9.69% from low₹379
Current
₹181.80
Prev close
₹179.66
Day
+1.19%
Price performance
1D
+1.19%
1W
−4.45%
1M
−7.62%
3M
−6.79%
6M
−25.46%
1Y
—
YTD
−24.18%
Financials
FRevenue, profit & margin
P/E ratio
14.8×
VIKRAMSOLR is 52% below the sector median of 31.1×
VIKRAMSOLR14.8×
Sector median31.1×
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 631 | 573 | 1,026 | 1,194 | 1,134 | 1,110 | 1,106 | 1,453 | |
| Expenses | 519 | 501 | 941 | 970 | 891 | 875 | 901 | 1,218 | |
| Operating Profit | 111 | 72 | 85 | 224 | 242 | 235 | 205 | 234 | |
| OPM % | 18% | 13% | 8% | 19% | 21% | 21% | 19% | 16% | |
| Other Income | 6 | 11 | 12 | 8 | 4 | 16 | 15 | 18 | |
| Interest | 45 | 34 | 28 | 48 | 32 | 32 | 40 | 57 | |
| Depreciation | 37 | 37 | 39 | 42 | 34 | 35 | 37 | 57 | |
| Profit before tax | 36 | 11 | 30 | 141 | 181 | 184 | 143 | 139 | |
| Tax % | 36% | 36% | 36% | 36% | 26% | 30% | 31% | 21% | |
| Net Profit | 23 | 7 | 19 | 91 | 133 | 128 | 98 | 110 | |
| EPS in Rs | 0.72 | 0.23 | 0.60 | 2.86 | 4.21 | 3.55 | 2.71 | 3.05 | |
| Raw PDF |
Earnings
EResults dates & reactionsNo upcoming results date on calendar.
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
No reaction history yet.
No quarterly filings ingested yet.
Corporate actions
CLast 6 monthsNo recent corporate actions
Dividends, splits, and bonuses in the last six months show up here.
Shareholding
Sas of Mar 202663.01%Promoter
Promoters63.01%
FIIs2.94%1.12
DIIs4.80%0.09
Public29.25%1.20
Ownership trend
Peers
P8 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 | ₹2,812.80 | 20.61 | 80,911 | 0.07% | 1,126 | +70.64% | 8,480 | +111.80% | 38.78% |
| Apar Inds. | ₹14,136.00 | 56.73 | 56,790 | 0.36% | 253 | +3.66% | 6,603 | +26.74% | 31.12% |
| Premier Energies | ₹1,090.70 | 32.79 | 49,512 | 0.09% | 457 | +64.44% | 2,230 | +37.60% | 33.32% |
| Emmvee Photovol. | ₹337.80 | 18.36 | 23,387 | 0.00% | 380 | +102.64% | 1,556 | +51.34% | 44.83% |
| MTAR Technologie | ₹6,698.50 | 209.95 | 20,604 | 0.00% | 44 | +212.25% | 306 | +67.14% | 15.20% |
| Diamond Power | ₹226.49 | 80.88 | 11,935 | 0.00% | 57 | +638.19% | 715 | +114.08% | 24.20% |
| Avalon Tech | ₹1,679.80 | 99.36 | 11,223 | 0.00% | 41 | +69.48% | 480 | +40.00% | 19.54% |
| Vikram Solar | ₹193.83 | 14.84 | 7,024 | 0.00% | 110 | +21.86% | 1,453 | +21.73% | 30.56% |
| Median: 58 Co. | ₹326.70 | 31.11 | 860 | 0.00% | 15 | +52.91% | 171 | +28.20% | 20.30% |
Filings
DAnnual reports2
Concall transcripts12
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - The copy of newspaper publication of the post - dispatch notice of the 21st Annual General MeetingReg. 34 (1) Annual Report. 10 JulNotice Convening The 21St Annual General Meeting Of The Company Scheduled To Be Held On August 04, 2026 10 JulDisclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015 9 Jul - Vikram Solar signed a 130 MW solar cell supply agreement with Evervolt for July 2026-March 2027.Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul - Regulation 74(5) compliance certificate for quarter ended June 30, 2026.