Vikram Solar
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Vikram Solar

207.29
+0.50
(0.24%)
Market Cap
7,510.74 Cr
PE Ratio
15.92
Volume
19,42,592.00
Day High - Low
210.71 - 201.63
52W High-Low
407.95 - 162.10
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Key Fundamentals
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Market Cap
7,510.74 Cr
EPS
13.68
PE Ratio
15.92
PB Ratio
2.36
Book Value
87.43
EBITDA
911.00
Dividend Yield
0.00 %
Return on Equity
11.26
Debt to Equity
0.67
Analyst Rating and Forecast
- By Refinitiv from6 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+66.67 %
+66.67 %
Hold
Hold+16.67 %
+16.67 %
Sell
Sell+16.67 %
+16.67 %
Forecast For
Actual

Company News

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Caret
positive
Vikram Solar's Q4 FY26 earnings call revealed record revenue of ₹4,800 crores (up 40% YoY), 3.3 GW shipments, EBITDA of ₹917 crores at 19% margin, and PAT of ₹470 crores.
neutral
Vikram Solar Limited submits mandatory certificate under SEBI Regulation 74(5) for Q4FY26, confirming compliance with dematerialization requirements through registrar MUFG Intime India.
positive
Vikram Solar outlined its backward integration roadmap including 9 GW cell capacity by FY27, 3 GW XBC cell plant by FY28, and 15 GWh BESS capacity by FY30 during its March 24, 2026 analyst meeting.
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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
3,022.00
#1 86,925.08
22.73
#1 26,536.80
78.75
#1 3,858
74.76
37.75
12,650.00
50,812.92
52.47
18,680.60
15.07
821
19.44
61.87
981.60
44,465.93
33.35
6,652.10
109.76
937
53.45
50.61
258.00
17,862.50
16.58
5,049.88
#1 113.95
1,139
89.47
51.15
313.95
9,550.92
17.21
2,524.60
98.10
295
147.27
57.78
1,323.10
8,833.83
75.05
1,603.21
43.76
117
69.55
66.60
207.29
#7 7,510.74
#3 15.92
#5 4,802.25
#8 38.81
#5 514
#8 21.85
44.81
448.05
5,694.94
#1 14.70
2,192.50
99.83
214
143.70
48.33
4,009.50
4,586.95
29.47
651.94
1.93
158
-48.74
37.56
103.44
4,365.82
15.10
1,049.44
81.75
327
#1 157.76
52.20
Growth Rate
Revenue Growth
38.81 %
Net Income Growth
267.43 %
Cash Flow Change
96.47 %
ROE
-37.09 %
ROCE
15.14 %
EBITDA Margin (Avg.)
22.80 %

Quarterly Financial Results

Quarterly Financials
Jun 2024
Sept 2024
Dec 2024
Mar 2025
Jun 2025
Sept 2025
Dec 2025
Mar 2026
Revenue
637
584
1,038
1,201
1,138
1,126
1,126
1,471
Expenses
520
501
941
970
891
875
907
1,218
EBITDA
118
83
97
231
246
251
220
253
Operating Profit %
18 %
13 %
8 %
19 %
21 %
21 %
18 %
16 %
Depreciation
37
37
39
42
34
35
37
57
Interest
45
34
28
48
32
32
40
57
Profit Before Tax
36
11
30
141
181
185
143
139
Tax
13
4
11
50
47
56
45
29
Net Profit
23
7
19
91
133
129
98
110
EPS in ₹
0.75
0.25
0.70
2.99
4.21
3.83
2.71
3.05

Balance Sheet

Balance Sheet
2020
2021
2022
2023
2024
2025
2026
Total Assets
1,576
1,798
2,237
2,476
2,586
2,832
5,729
Fixed Assets
357
381
547
644
505
555
1,545
Current Assets
1,144
1,266
1,619
1,753
1,978
2,161
3,727
Capital Work in Progress
11
67
4
18
28
63
418
Investments
0
0
0
0
0
0
823
Other Assets
1,209
1,350
1,687
1,814
2,052
2,215
0
Total Equity & Liabilities
1,576
1,798
2,237
2,476
2,586
2,832
5,729
Current Liabilities
987
1,050
1,482
1,296
1,422
1,397
1,978
Non Current Liabilities
228
334
404
815
718
193
583
Total Equity
362
414
351
365
445
1,242
3,168
Reserve & Surplus
334
391
93
106
187
926
2,805
Share Capital
28
24
259
259
259
317
362

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
Sept 2025
Dec 2025
Mar 2026
Promoter
93.08 %
77.64 %
63.12 %
63.12 %
63.12 %
63.01 %
63.01 %
FIIs
0.00 %
0.00 %
3.04 %
3.04 %
2.09 %
1.83 %
2.94 %
DIIs
0.00 %
0.00 %
6.39 %
6.39 %
6.20 %
4.71 %
4.80 %
Government
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
0.00 %
Public / Retail
0.00 %
0.00 %
17.58 %
17.58 %
16.96 %
20.87 %
20.61 %
Others
6.92 %
22.36 %
9.87 %
9.87 %
11.63 %
9.58 %
8.63 %
No of Share Holders
102
6,960
5,17,746
16,538
3,06,426
2,87,437
2,85,301

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
20 Jan 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
20 Jan 2026 229.34 238.00
07 May 2026 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 May 2026 219.55 225.81

Announcements

Announcement under Regulation 30 (LODR)-Earnings Call Transcript2 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome7 days ago
Announcement under Regulation 30 (LODR)-Newspaper Publication7 days ago
Announcement under Regulation 30 (LODR)-Investor Presentation8 days ago
Announcement under Regulation 30 (LODR)-Monitoring Agency Report8 days ago
Announcement under Regulation 30 (LODR)-Change in Management8 days ago
Audited Financial Results For The Quarter And Year Ended 31St March 20268 days ago
Board Meeting Outcome for Outcome Of Board Meeting Held On 07Th May 20268 days ago
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation10 days ago
Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) Along With Audit Report Of The Statutory Auditors Thereon Of The Company For The Quarter And Year Ended March 31 2026May 04, 2026
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure AApr 30, 2026
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 14, 2026
Closure of Trading WindowMar 27, 2026
Announcement under Regulation 30 (LODR)-Investor PresentationMar 26, 2026
Corporate Announcement Filed Under Regulation 30 Of SEBI (LODR) Regulations 2015Mar 25, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMar 20, 2026
Announcement under Regulation 30 (LODR)-Change in ManagementMar 20, 2026
Board Meeting Outcome for Outcome Of Board Meeting Held On 20Th March 2026Mar 20, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMar 19, 2026
General Update Under Regulation 30 Of SEBI (LODR) Regulations 2015Mar 12, 2026
Board Meeting Outcome for Outcome Of Board Meeting Held On 11Th March 2026Mar 11, 2026
Closure of Trading WindowMar 07, 2026
Board Meeting Intimation for Consideration And Review Of Various Business Divisions And Other Matters.Mar 07, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseFeb 25, 2026
Announcement under Regulation 30 (LODR)-Change in ManagementFeb 24, 2026
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportFeb 24, 2026
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotFeb 24, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 23, 2026
Clarification Sought From The CompanyFeb 23, 2026
Clarification sought from Vikram Solar LtdFeb 23, 2026
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Feb 21, 2026
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Feb 20, 2026
UpdateFeb 11, 2026
Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations 2011.Feb 07, 2026
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.Feb 07, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationFeb 03, 2026
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJan 28, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 22, 2026
Shareholder Meeting / Postal Ballot-Notice of Postal BallotJan 21, 2026
Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 21, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 20, 2026
Announcement under Regulation 30 (LODR)-Monitoring Agency ReportJan 20, 2026
Announcement under Regulation 30 (LODR)-Change in ManagementJan 20, 2026
Un-Audited Financial Results For The Quarter Ended December 31 2025Jan 20, 2026
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJan 20, 2026
Announcement under Regulation 30 (LODR)-Investor PresentationJan 20, 2026
Board Meeting Outcome for Outcome Of Board Meeting Held On January 20 2026Jan 20, 2026
Intimation Under Regulation 30 Of SEBI (LODR) Regulations 2015Jan 16, 2026
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 14, 2026
Board Meeting Intimation for Consideration And Approval Of The Unaudited Results For The Quarter Ended 31St December 2025Jan 14, 2026

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Kotak Energy Opportunities Fund Direct-Growth
1.43%
-6345
0.13%
0.27%
Kotak Flexicap Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak Manufacture in India Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Aggressive Hybrid Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Balanced Advantage Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Equity Savings Fund Direct-Growth
0.00%
0
0.00%
0.00%
Edelweiss Recently Listed IPO Fund Direct-Growth
0.43%
0
0.00%
0.02%
Franklin India Opportunities Direct Fund-Growth
0.00%
0
0.00%
0.00%
Franklin India Small Cap Fund Direct-Growth
0.32%
0
0.00%
0.00%
Groww Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
HSBC Business Cycles Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak Multi Asset Allocation Fund Direct-Growth
0.22%
0
0.00%
0.02%
HSBC Infrastructure Fund Direct-Growth
0.00%
0
0.00%
0.00%
Kotak ELSS Tax Saver Fund Direct-Growth
0.00%
0
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
Kotak Equity Savings Fund Direct-Growth
0.38%
0
0.00%
0.05%
Angel One Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
Bandhan Small Cap Fund Direct-Growth
0.52%
0
0.00%
0.02%
Kotak Large & Midcap Fund Direct-Growth
0.00%
0
0.00%
0.00%
HSBC Flexi Cap Fund Direct-Growth
0.62%
0
0.00%
0.05%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
Motilal Oswal Nifty Microcap 250 Index Fund Direct-Growth
0.20%
0
0.00%
0.00%
Nippon India Power & Infra Fund Direct-Growth
0.00%
0
0.00%
0.00%
Nippon India Retirement Fund - Wealth Creation Scheme Direct-Growth
0.43%
0
0.00%
0.05%
Tata Large Cap Direct Plan-Growth
0.00%
0
0.00%
0.00%

Technical Indicators

RSI(14)
Neutral
44.30
ATR(14)
Less Volatile
8.53
STOCH(9,6)
Oversold
15.45
STOCH RSI(14)
Oversold
3.36
MACD(12,26)
Bearish
-3.12
ADX(14)
Weak Trend
18.60
UO(9)
Bearish
33.75
ROC(12)
Downtrend And Accelerating
-8.50
WillR(14)
Oversold
-89.95