Vikram Solar

Vikram Solar

340.10
+4.20
(1.25%)
ann
There are new updates from the company4 hours ago
Viewcross
right
hide
Key Fundamentals
Add Ratio
Market Cap
12,302.00 Cr
EPS
4.61
PE Ratio
32.71
Dividend Yield
0.00 %
Industry
-
52 Week High
407.95
52 Week Low
312.50
PB Ratio
4.12
Debt to Equity
0.67
Sector
-
Forecast For
Actual

Company News

View All News
Caret
positive
Vikram Solar announced a major order win of 148.9 MW high-efficiency solar modules from Sunsure Energy Private Limited. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh. Under the contract, Vikram Solar will supply its advanced M10R N-Type TOPCon modules, with delivery expected within 60 days from Notice to Proceed by January 2026. This order adds to Vikram Solar's significant wins this year, including 200 MW from AB Energia, 336 MW from L&T Construction, and 326 MW from Gujarat Industries Power Company Limited. The project supports India's target of achieving 500 GW of non-fossil fuel capacity by 2030. Vikram Solar is one of India's leading solar PV module manufacturers with cumulative production capacity of 4.5 GW and international presence across 39 countries. Sunsure Energy, founded in 2014, is backed by Partners Group AG with $400 million equity commitment and has 600 MW of operational assets with 7.10 GW under development.
positive
Vikram Solar has announced production targets of 17.5 GW in module manufacturing and 12 GW in cell production by FY27. The announcement was made as part of an investor update.
positive
Vikram Solar Limited approved unaudited financial results for the quarter and half year ended September 30, 2025. The company reported standalone revenue of ₹11,090.06 million for the quarter and ₹22,450.66 million for the half year, with profit after tax of ₹1,282.35 million and ₹2,626.50 million respectively. The board appointed Mr. Suresh Gopinathan Menon as Additional Non-executive Non-Independent Director and Mr. Joginder Pal Dua as Additional Independent Director, effective December 1, 2025, subject to shareholder approval. The company also reconstituted its Nomination & Remuneration and Stakeholders Relationship committees. Vikram Solar completed its IPO during the quarter, raising ₹15,000 million through fresh equity shares, with listing on NSE and BSE on August 26, 2025. The company faces ongoing legal matters including ₹1,485.20 million in safeguard duty payments and ₹843.88 million in disputed trade receivables.
View more
Growth Rate
Revenue Growth
37.06 %
Net Income Growth
75.41 %
Cash Flow Change
96.47 %
ROE
-37.09 %
ROCE
15.14 %
EBITDA Margin (Avg.)
-6.44 %

Quarterly Financial Results

Quarterly Financials
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Revenue
637
584
1,038
1,201
1,138
1,126
Expenses
520
501
941
970
891
875
EBITDA
118
83
97
231
246
251
Operating Profit %
18 %
13 %
8 %
19 %
21 %
21 %
Depreciation
37
37
39
42
34
35
Interest
45
34
28
48
32
32
Profit Before Tax
36
11
30
141
181
185
Tax
13
4
11
50
47
56
Net Profit
23
7
19
91
133
129
EPS in ₹
0.75
0.25
0.60
2.99
4.21
3.83

Balance Sheet

Balance Sheet
2020
2021
2022
2023
2024
2025
Total Assets
1,576
1,798
2,237
2,476
2,586
2,832
Fixed Assets
357
381
547
644
505
555
Current Assets
1,144
1,266
1,619
1,753
1,978
2,161
Capital Work in Progress
11
67
4
18
28
63
Investments
0
0
0
0
0
0
Other Assets
1,209
1,350
1,687
1,814
2,052
2,215
Total Liabilities
1,576
1,798
2,237
2,476
2,586
2,832
Current Liabilities
987
1,050
1,482
1,296
1,422
1,397
Non Current Liabilities
228
334
404
815
718
193
Total Equity
362
414
351
365
445
1,242
Reserve & Surplus
334
391
93
106
187
926
Share Capital
28
24
259
259
259
317

Cash Flow

Cash Flow
2020
2021
2022
2023
2024
2025
Net Cash Flow
17
-23
10
-17
7
30
Investing Activities
-36
-40
-155
-110
-64
-169
Operating Activities
227
13
201
195
152
299
Financing Activities
-174
4
-36
-102
-81
-100

Share Holding

% Holding
Mar 2022
Sept 2024
Jun 2025
Aug 2025
Promoter
93.08 %
77.64 %
63.12 %
63.12 %
FIIs
0.00 %
0.00 %
3.04 %
3.04 %
DIIs
0.00 %
0.00 %
6.39 %
6.39 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
0.00 %
17.58 %
17.58 %
Others
6.92 %
22.36 %
9.87 %
9.87 %
No of Share Holders
102
6,960
5,17,746
16,538

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
22 Aug 2017 CHANGE OF NAME Change Of Name
NA
22 Aug 2017 0.00 0.00
09 Sept 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
09 Sept 2025 331.85 346.90
25 Sept 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
25 Sept 2025 336.45 327.20
16 Oct 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
16 Oct 2025 326.85 348.40

Announcements

Announcement under Regulation 30 (LODR)-Press Release / Media Release4 hours ago
Announcement under Regulation 30 (LODR)-Monitoring Agency Report4 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report5 days ago
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot5 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication5 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation6 days ago
Announcement under Regulation 30 (LODR)-Press Release / Media Release6 days ago
Un-Audited Financial Results For The Quarter & Half Year Ended 30Th September 20256 days ago
Board Meeting Outcome for Outcome Of Board Meeting For Un-Audited Financial Results For The Quarter & Half Year Ended 30Th September 20256 days ago
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 20187 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation8 days ago
Board Meeting Intimation for Consideration And Approval Of The Standalone & Consolidated Un-Audited Financial Result Of The Company For The Quarter And Half Year Ended September 30 20259 days ago
Intimation For Updation Of Corporate Identification Number (CIN)Oct 07, 2025
Closure of Trading WindowSep 26, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 26, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMSep 25, 2025
Announcement under Regulation 30 (LODR)-Credit RatingSep 20, 2025
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Sep 17, 2025
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Sep 17, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 17, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 17, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 17, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptSep 17, 2025
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 17, 2025
Shareholder Meeting / Postal Ballot-Notice of Postal BallotSep 15, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 15, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 12, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeSep 10, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 10, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationSep 10, 2025
Financial Results For The Quarter Ended June 30 2025Sep 09, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 09, 2025
Board Meeting Outcome for OUTCOME OF BOARD MEETING HELD ON SEPTEMBER 09 2025Sep 09, 2025
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 08, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 06, 2025
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Sep 05, 2025
Board Meeting Intimation for Consideration And Approval The Standalone & Consolidated Unaudited Financial Result Of The Company For The Quarter Ended June 30 2025Sep 04, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 04, 2025
Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Sep 04, 2025
Reg. 34 (1) Annual Report.Sep 03, 2025
Notice Of The 20Th Annual General Meeting Of The Members Of Vikram Solar Limited (The Company) Will Be Held On Thursday 25Th September 2025Sep 03, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 01, 2025
Intimation Of The 20Th Annual General Meeting (AGM) And Cut-Off Date For The AGM Scheduled To Be Held On September 25 2025 For The Financial Year Ended March 31 2025Aug 30, 2025
Disclosure Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.Aug 26, 2025
Closure of Trading WindowAug 26, 2025
Listing of Equity Shares of Vikram Solar LtdAug 26, 2025

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HSBC Infrastructure Fund Direct-Growth
0.99%
347397
0.43%
0.99%
HSBC Flexi Cap Fund Direct-Growth
0.76%
292462
0.14%
0.76%
Kotak Flexicap Fund Direct-Growth
0.00%
-187677
-0.01%
0.00%
Edelweiss Aggressive Hybrid Fund Direct - Growth
0.51%
-70000
-0.13%
0.51%
Edelweiss Balanced Advantage Fund Direct-Growth
0.07%
-32610
-0.01%
0.07%
Bandhan Small Cap Fund Direct-Growth
0.13%
30565
-0.01%
0.13%
Kotak ELSS Tax Saver Fund Direct-Growth
0.00%
-18767
-0.01%
0.00%
Taurus Large Cap Fund Direct Growth
1.99%
-14336
-1.13%
1.99%
Taurus Flexi Cap Fund Direct - Growth
0.03%
-3030
-0.03%
0.03%
Taurus Infrastructure Fund Direct-Growth
2.13%
-2740
-1.19%
2.13%
Kotak Energy Opportunities Fund Direct - Growth
2.57%
-801
-0.46%
2.57%
Kotak Manufacture in India Fund Direct - Growth
0.61%
0
-0.06%
0.61%
Taurus ELSS Tax Saver Direct-Growth
2.27%
0
0.00%
-1.74%
Kotak Large & Midcap Fund Direct-Growth
0.01%
0
0.00%
0.01%
Franklin India Small Cap Fund Direct-Growth
0.48%
0
-0.03%
0.48%
Kotak Multi Asset Allocation Fund Direct - Growth
0.47%
0
-0.07%
0.47%
Nippon India Power & Infra Fund Direct-Growth
0.26%
0
-0.02%
0.26%
Nippon India Retirement Fund - Wealth Creation Scheme Direct-Growth
0.60%
0
-0.05%
0.60%
Tata Large Cap Direct Plan-Growth
0.85%
0
-0.08%
0.85%
Tata Resources & Energy Fund Direct-Growth
0.48%
0
-0.05%
0.48%
Kotak Equity Savings Fund Direct-Growth
0.62%
0
-0.06%
0.62%
Taurus ELSS Tax Saver Direct-Growth
2.27%
0
0.00%
-1.74%
Franklin India Opportunities Direct Fund-Growth
0.80%
0
-0.08%
0.80%
Edelweiss Recently Listed IPO Fund Direct-Growth
0.63%
0
-0.06%
0.63%
Edelweiss Equity Savings Fund Direct-Growth
0.70%
0
-0.14%
0.70%

Technical Indicators

RSI(14)
Neutral
49.82
ATR(14)
Less Volatile
12.86
STOCH(9,6)
Neutral
61.35
STOCH RSI(14)
Neutral
57.74
MACD(12,26)
Bullish
0.35
ADX(14)
Weak Trend
8.18
UO(9)
Bearish
45.13
ROC(12)
Uptrend And Accelerating
1.40
WillR(14)
Neutral
-47.07