5nance5nance
5nance5nance
HomeScreens
LOGINGET FREE ACCOUNT

Vikram Solar Ltd.

•
vikramsolar.comBSE: 544488NSE: VIKRAMSOLR
Market Cap₹ 6,044 Cr.
Current Price
High / Low₹ 376 / 155
Stock P/E16.9
Book Value₹ 87
Price to Book2.05
Dividend Yield0.00 %
ROCE34.1 %
ROE21.5 %
Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence
72%
View full sector analysis →

PROS

  • Company has delivered good profit growth of 65.2% CAGR over last 5 years
  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 27.9%
  • Company has delivered good sales growth of 24.4% CAGR over last 5 years
  • Operating margins have improved to 19.1% from 9.9%
  • Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.54x)

CONS

  • Promoter holding has decreased over last 2 years: -32.7pp
  • Working capital days have increased from 66 to 133 days
  • Equity base is being diluted - shares outstanding up 40.0%
  • Recurring exceptional / one-off items are inflating headline profit
  • Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsElectricalsElectronics - Components
Part ofNIFTY MICROCAP250NIFTY TOTAL MKT
S.No.Name
1.SYRMA1588.6583.2230634.010.09105.69111.721588.6268.2917.7010.17
2.KAYNES3500.0067.8723462.130.0056.43-24.37946.0240.4713.3815.60
3.AVALON2265.95113.4415155.190.0034.87145.31484.4149.8320.3411.96
4.UTLSOLAR446.7046.5813709.300.00577.94—13456.93—36.4618.94
5.CYIENTDLM904.1587.427177.450.0016.29118.21373.8034.2510.419.93
6.VIKRAMSOLR166.8016.946044.070.0019.78-85.171563.0937.8934.078.06
7.SAATVIKGL396.3020.305037.170.005.36-95.49511.01-44.2055.186.62
8.WEBELSOLAR75.7910.863290.520.3377.79—372.60115.3963.7433.70
9.KERNEX1734.3515.282914.340.00109.851382.00503.58800.3823.6932.33
10.MODINSULAT449.5022.512119.120.0029.6094.43188.3033.1910.5316.89
11.INA93.0410.242051.080.00380.25796.947406.981766.8234.989.74
12.IKIO224.4537.301734.570.0011.05364.51169.2940.9110.0212.97
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
6315731,0261,1941,1341,1101,1061,4531,563
5195019419708918759011,2181,550
Operating Profit111728522424223520523513
OPM %17.66%12.59%8.26%18.74%21.37%21.18%18.53%16.14%0.81%
611128416151813
Interest453428483232405749
Depreciation373739423435375764
Profit before Tax36113014118118414313925
Tax %35.66%35.66%35.68%35.67%26.17%30.34%31.29%20.59%21.58%
Net Profit00001331289811020
0.750.250.702.864.213.832.713.050.55

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
1,7191,9031,9561,6401,6101,7302,0732,5113,4234,8025,232
1,5591,7781,7931,5001,4331,6721,8872,1122,9313,8864,545
Operating Profit16112516314017759186399492917687
OPM %9.35%6.58%8.34%8.53%10.98%3.39%8.98%15.87%14.37%19.09%13.13%
183315221813191365361
Interest6568919599103122155155161178
Depreciation23272837394864138156162193
Profit before Tax9163593056-7919107217647492
Tax %23.13%20.09%30.30%26.03%32.04%20.77%23.22%25.69%35.67%27.29%27.41%
Net Profit7051412338-631480140470357
EPS24.8618.1214.738.061.48-2.430.563.084.4212.98—
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%—

COMPOUNDED SALES GROWTH

10 Years:
18%
5 Years:
24%
3 Years:
32%

COMPOUNDED PROFIT GROWTH

10 Years:
24%
5 Years:
65%
3 Years:
219%

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
-55%

RETURN ON EQUITY

10 Years:
12%
5 Years:
9%
3 Years:
19%
Last Year:
21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2828282824259259259317362
231282320334391921061879192,788
6926856385426998341,3311,259237559
Trade Payables1561603964954987504466478281,564
6813552177186301335234531455
Total Liabilities1,1751,2901,4341,5761,7982,2372,4762,5852,8325,728
3172993353573815476445055541,127
Capital Work in Progress3451011663172863418
221197207227193265373393429823
00000001,1851,2291,214
Cash & Bank61761021101011361041161891,257
5726737798721,0561,2871,337358369888
Total Assets1,1751,2901,4341,5761,7982,2372,4762,5852,8325,728

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
-41502742317210198152281630
Cash from Investing-4-51-38-36-40-155-111-64-156-1,748
Cash from Financing32-78-202-1744-36-102-81-951,115
0-01116-2310-17730-4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026

Shareholding Pattern

Numbers in percentages

Sep 2018Sep 2019Mar 2020Mar 2021Aug 2025Sep 2025Dec 2025Mar 2026Jun 2026
95.6995.7855.8558.4063.1263.1263.0163.0163.01
0.000.000.000.003.042.081.822.943.37
0.000.000.000.005.905.554.684.743.94
Government0.000.000.000.000.000.000.000.000.00
4.314.2244.1541.6027.9529.2430.4829.3029.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11
Press Release

2026-09-11 - Vikram Solar Limited has informed the Exchange regarding a press release dated September 11, 2026, titled "Vikram Solar Secures 124 MW Module Supply Order for a Solar Project in Andhra Pradesh".

2026-08-26
Acquisition

2026-08-26 - Vikram Solar Limited has informed the Exchange about Acquisition

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Vikram Solar Limited has informed the Exchange about Transcript

2026-08-13
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-13 - Vikram Solar Limited has informed the Exchange about Schedule of meet

2026-08-12
Credit Rating

2026-08-12 - Vikram Solar Limited has informed the Exchange about Credit Rating

2026-08-07
Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - Vikram Solar Limited has informed the Exchange about Link of Recording

2026-08-07
Copy of Newspaper Publication

2026-08-07 - Vikram Solar Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-07
Investor Presentation

2026-08-07 - Vikram Solar Limited has informed the Exchange about Investor Presentation

2026-08-06
Monitoring Agency Report

2026-08-06 - Please find enclosed the Monitoring Agency Report for the quarter ended 30th June 2026

News

Recent coverage and analyst commentary for VIKRAMSOLR

Loading news…

🤖

AI Stock Analyst

Vikram Solar Ltd.

🔒

Sign in to Chat with AI

Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.

✨ Sign In to Chat

Free 5nance Account

5nance5nance

Stock analysis and screening tool

5nanceAI © 2020-2026

Made with ❤️ in India.

Data provided by Accord Fintech

Terms & Privacy.

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nance5nance

Product

PremiumWhat's new?Learn

Team

About usSupport

Theme

5nanceAI © 2020-2026

Data provided by Accord Fintech

Made with ❤️ in India.

HomeScreens
Login