Vikram Solar will host an investor meeting on September 22, 2026, as part of the Anand Rathi Annual Flagship Conference G-200 Summit. The event aims to engage with institutional investors and analysts regarding the company's business outlook.

The interaction is scheduled for Tuesday morning at the Taj Santacruz in Mumbai. Company officials will participate in both group and one-on-one sessions starting at 10:00 am. The firm notified the stock exchanges of this schedule on September 17, 2026.

Meeting Details

The company disclosed the event particulars under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates timely disclosure of material events to ensure fair access to information for all investors.

Management emphasized that discussions will be strictly based on publicly available information. No unpublished price-sensitive information (UPSI) is intended to be shared during these interactions. The company noted that dates are subject to change due to exigencies on the part of investors or the company.

Sudipta Bhowal, Company Secretary and Compliance Officer of Vikram Solar Limited, signed the intimation letter sent to the BSE and NSE. The company's registered office is located in Kolkata, with corporate offices also in the city.

Vikram Solar has secured a mega order worth Rs 1,250.0 crore from Avaada Electro Limited. The contract covers the supply of 1 GW of ALMM-compliant domestically manufactured half-cut N-Type G12R TOPCon solar cells for module manufacturing operations. The deal was disclosed to the exchange on September 15, 2026.

Order Details and History

The latest award marks a significant addition to the company's disclosed order pipeline. Previously, Vikram Solar had reported two significant orders in the last three fiscal quarters. These included a Rs 124.0 lakh order from Capital Energy Private Limited for G12R TOPCon modules and a Rs 130.0 lakh order from Evervolt Solar Technology India Private Limited for Mono-PERC solar cells.

Financial Context

The company operates in the Capital Goods sector within the Other Electrical Equipment industry. As of September 15, 2026, the market capitalization stood at Rs 5,923.04 crore. The stock traded at a P/E ratio of 16.9x and a Price/Book ratio of 1.9x. For FY26, the return on capital employed (ROCE) was 21.61%, while the return on equity (ROE) was 14.78%.

Trailing twelve-month consolidated revenue was Rs 5,298.7 crore, with a net profit of Rs 356.9 crore. The operating profit margin (OPM) stood at 15.8%. The average quarterly revenue over the last four quarters was Rs 1,324.67 crore. The total disclosed order book for the last three fiscal quarters sums to Rs 254.00 crore across two prior orders, representing an order book coverage of 0.19 quarters of average quarterly revenue.

Revenue Growth Trajectory

Annual revenue has shown consistent expansion, growing from Rs 1,743.00 crore in FY22 to Rs 4,861.90 crore in FY26. This represents a year-on-year growth of +40.9% in FY26. Net profit also surged by +237.2% to Rs 469.10 crore in FY26 compared to Rs 139.10 crore in FY25.

Balance Sheet and Cashflow

The company maintains a current ratio of 1.77x, indicating healthy liquidity. Total liabilities to equity stands at 0.78x. In FY26, operating cashflow was Rs 666.90 crore, resulting in free cashflow of Rs 383.80 crore after capex of Rs 283.10 crore. Total assets amounted to Rs 5,635.80 crore, with total equity at Rs 3,172.90 crore.

Key Takeaways

• Vikram Solar secured a Rs 1,250.0 crore mega order from Avaada Electro Limited for 1 GW of solar cells.
• The order involves ALMM-compliant N-Type G12R TOPCon cells for module manufacturing.
• Previous disclosed orders included deals with Capital Energy Private Limited and Evervolt Solar Technology India Private Limited.
• The company reported FY26 revenue of Rs 4,861.90 crore with a net profit of Rs 469.10 crore.
• Operating cashflow remained strong at Rs 666.90 crore in FY26.