Vikram Solar

Vikram Solar

330.30
-1.55
(-0.47%)
Market Cap
11,947.51 Cr
EPS
4.61
PE Ratio
85.87
Dividend Yield
0.00 %
Industry
-
52 Week High
407.95
52 Week Low
312.50
PB Ratio
4.38
Debt to Equity
0.67
Sector
-
Add Ratio
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Investment Returns

In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%

Company News

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Caret
neutral
The Directorate General of Trade Remedies (DGTR) has imposed anti-dumping duties on solar cell imports from China. This trade measure affects Vikram Solar and the broader solar industry by providing protection against below-cost imports from Chinese manufacturers.
neutral
Vikram Solar Limited's promoters have pledged shares representing 30.43% of their total shareholding as collateral for the company's working capital requirements. Three separate encumbrances were created: Gyanesh Chaudhary Family Trust pledged 7,30,86,090 shares (20.21% of total share capital), Vikram Capital Management Private Limited pledged 2,18,74,803 shares (6.05%), and VSL Ventures Private Limited pledged 15,099,750 shares (4.17%). The pledges were made in favor of IndBank Merchant Banking Services Limited on behalf of Indian Bank, which leads a working capital consortium of 14 banks including Punjab National Bank, State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank. The total amount involved against the encumbered shares is INR 2,600 crores for working capital financing. The promoters collectively hold 22,83,18,938 shares representing 63.12% of Vikram Solar's total share capital.
positive
Vikram Solar delivered strong quarterly results with revenue rising 79.7% year-on-year to ₹1,134 crores and PAT increasing approximately 5x from ₹22.8 crores to ₹133 crores. Operating EBITDA more than doubled to ₹242 crores. The company produced over 750 megawatt of modules during the quarter at 67% capacity utilization. Order book stands at 10.96 gigawatt with recent contract wins including 250 megawatt from Bondada Group, 336 megawatt from L&T, and 326 megawatt from GIPCL. The company plans massive expansion from current 4.5 gigawatt module capacity to 17.5 gigawatt by FY27, along with 12 gigawatt solar cell manufacturing capacity requiring total capex of over ₹6,000 crores. A new 5 gigawatt facility in Tamil Nadu is expected to be commissioned in Q3 FY26. The company also announced plans for 1 gigawatt hour battery energy storage system manufacturing, expandable to 5 gigawatt hour by FY27. Current order book has 14% export mix with no DCR orders, though the company is open to DCR opportunities.
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Forecast
Actual
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
Mar 2025
Jun 2025
Revenue
637
1,201
1,138
Expenses
520
970
891
EBITDA
118
231
246
Operating Profit %
18 %
19 %
21 %
Depreciation
37
42
34
Interest
45
48
32
Profit Before Tax
36
141
181
Tax
13
50
47
Net Profit
23
91
133
EPS in ₹
0.75
2.99
4.21

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

Announcements

Closure of Trading Window6 days ago
Shareholder Meeting / Postal Ballot-Scrutinizers Report6 days ago
Shareholder Meeting / Postal Ballot-Outcome of AGM7 days ago
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

Technical Indicators

RSI(14)
Neutral
45.44
ATR(14)
Volatile
15.63
STOCH(9,6)
Oversold
16.99
STOCH RSI(14)
Oversold
0.00
MACD(12,26)
Bearish
0.00
ADX(14)
Weak Trend
0.00
UO(9)
Bullish
0.00
ROC(12)
Downtrend And Accelerating
-8.19
WillR(14)
Neutral
-72.38

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
Franklin India Small Cap Fund Direct-Growth
0.51%
2000000
0.51%
0.51%
Franklin India Opportunities Direct Fund-Growth
0.88%
1969954
0.88%
0.88%
Kotak Equity Savings Fund Direct-Growth
0.68%
1717437
0.68%
0.68%
Kotak Multi Asset Allocation Fund Direct - Growth
0.54%
1338620
0.54%
0.54%
HSBC Flexi Cap Fund Direct-Growth
0.62%
920538
0.62%
0.62%
UTI Value Fund Direct-Growth
0.30%
868460
0.30%
0.30%
Tata Large Cap Direct Plan-Growth
0.93%
723600
0.93%
0.93%
Bandhan Small Cap Fund Direct-Growth
0.14%
603315
0.14%
0.14%
Nippon India Power & Infra Fund Direct-Growth
0.28%
602640
0.28%
0.28%
Nippon India Retirement Fund - Wealth Creation Scheme Direct-Growth
0.65%
602595
0.65%
0.65%
Edelweiss Aggressive Hybrid Fund Direct - Growth
0.64%
582326
0.64%
0.64%
Kotak Manufacture in India Fund Direct - Growth
0.67%
487848
0.67%
0.67%
HSBC Infrastructure Fund Direct-Growth
0.56%
379403
0.56%
0.56%
UTI Infrastructure Fund Direct-Growth
0.58%
364476
0.58%
0.58%
Edelweiss Balanced Advantage Fund Direct-Growth
0.09%
332610
0.09%
0.09%
Edelweiss Equity Savings Fund Direct-Growth
0.84%
210825
0.84%
0.84%
Edelweiss Recently Listed IPO Fund Direct-Growth
0.70%
190990
0.70%
0.70%
Kotak Flexicap Fund Direct-Growth
0.01%
187677
0.01%
0.01%
Kotak Energy Opportunities Fund Direct - Growth
3.03%
187146
3.03%
3.03%
Tata Resources & Energy Fund Direct-Growth
0.53%
180900
0.53%
0.53%
Kotak Large & Midcap Fund Direct-Growth
0.01%
80433
0.01%
0.01%
Taurus Large Cap Fund Direct Growth
3.12%
45585
3.12%
3.12%
UTI Conservative Hybrid Fund Direct-Growth
0.08%
40374
0.08%
0.08%
Kotak ELSS Tax Saver Fund Direct-Growth
0.01%
18767
0.01%
0.01%
Taurus Infrastructure Fund Direct-Growth
3.32%
9090
3.32%
3.32%