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Vikram Solar
197.
92
-6.10
(-2.99%)
Market Cap
₹7,171.24 Cr
PE Ratio
16.42
Industry
Capital Goods
Buy
Sell
Company Performance:
1D
-2.99%
1M
-16.74%
6M
-44.47%
1Y
-44.47%
5Y
-44.47%
View Company Insights
Latest news about Vikram Solar
Vikram Solar Limited Issues Postal Ballot Notice for Director Appointments with E-Voting Period
Jan 21, 2026
Vikram Solar Limited has issued a postal ballot notice for three director appointments, with e-voting scheduled from January 22-February 20, 2026. The proposals include appointing Mr. Suresh Gopinathan Menon as Non-Executive Director, Mr. Joginder Pal Dua as Independent Director, and re-appointing Ms. Neha Agrawal as Whole-Time Director with ₹64.28 lakhs annual salary.
Prabhudas Lilladher Maintains Buy Rating on Vikram Solar with ₹326 Target Price
Jan 21, 2026
Vikram Solar Announces ₹10,700 Crore Investment Plan for Manufacturing Expansion
Jan 21, 2026
Vikram Solar Targets 18-20% EBITDA Margins as Gangakondan Facility Progresses Toward FY27 Commissioning
Jan 21, 2026
Vikram Solar Submits Q3 FY26 Monitoring Agency Report for IPO Proceeds Utilization
Jan 20, 2026
More news about Vikram Solar
20
Jan 26
Vikram Solar Q3FY26 Results: Net Profit Surges 361% to ₹964.35 Crores on Strong Revenue Growth
Vikram Solar Limited reported exceptional Q3FY26 results with net profit surging 361% to ₹964.35 crores and revenue growing 7.7% to ₹11,057.70 crores. Nine-month performance was even stronger with net profit increasing 538% to ₹3,590.84 crores on revenue growth of 50.1%. The board approved key leadership appointments and the company continues systematic deployment of IPO proceeds for expansion projects.
16
Jan 26
Vikram Solar Announces Strategic Transition to Fully G12R-Based High-Efficiency Module Portfolio
Vikram Solar Limited announced on January 16, 2026, a strategic transition to a fully G12R-based module portfolio, centered around the HYPERSOL G12R series with up to 640 Wp power output and 23.69% efficiency. With 9.5 GW manufacturing capacity across facilities in West Bengal and Tamil Nadu, the company positions itself as one of India's largest solar manufacturers. The transition reflects a shift toward standardization on high-efficiency technology platforms while maintaining global market presence across 39 countries.
16
Jan 26
Vikram Solar Transitions to High-Efficiency G12R Modules and Expands Manufacturing Capacity to 9.5 GW
Vikram Solar has announced its transition to high-efficiency G12R solar modules alongside a major expansion of manufacturing capacity to 9.5 GW. This strategic move demonstrates the company's commitment to technological innovation and performance leadership in the solar manufacturing sector. The upgrade to G12R modules offers superior efficiency and enhanced performance capabilities, while the capacity expansion positions Vikram Solar to meet growing market demand and strengthen its competitive position in the solar energy industry.
14
Jan 26
Vikram Solar Limited Schedules Q3FY26 Earnings Conference Call for January 20, 2026
Vikram Solar Limited has scheduled an earnings conference call for January 20, 2026, at 5:00 PM IST to discuss Q3FY26 unaudited financial results for the quarter ended December 31, 2025. The call will feature Chairman & MD Mr. Gyanesh Chaudhary, CFO Mr. Ranjan Jindal, and IR head Ms. Rinal Shah, with dial-in access provided for multiple countries and coordination by Strategic Growth Advisors Pvt. Ltd.
13
Jan 26
Vikram Solar announces senior management transition with new HR leadership appointment
Vikram Solar Limited announced senior management changes with Mr. Arindam Chakraborty resigning as Senior VP & Head of Global HR effective March 31, 2026, citing personal priorities. The company appointed Mr. Biresh Ranjan Das as new Senior VP – Human Resources, bringing over two decades of cross-industry experience. Das will lead people strategy, organizational development, and talent pipeline strengthening to support the company's growth in the clean energy sector.
19
Dec 25
Vikram Solar Receives Credit Rating Upgrade from India Ratings on ₹2,700 Crore Facilities
Vikram Solar Limited has received a credit rating upgrade from India Ratings for its bank facilities worth ₹2,700 crores. The long-term bank facilities have been upgraded to 'IND A Stable', while the short-term facilities maintain an 'IND A1' rating. This upgrade covers both long-term and short-term bank facilities, reflecting an improvement in the company's creditworthiness. The company has disclosed this information to BSE and NSE in compliance with SEBI regulations.
16
Dec 25
Vikram Solar Grants 17.22 Lakh Employee Stock Options Under ESOP 2021 Plan
Vikram Solar Limited has approved the grant of 17,22,000 employee stock options under its Employee Stock Option Plan 2021. The options, priced at ₹210.69 per share, are available to eligible employees of the company and its group associate companies. The plan includes a minimum vesting period of 1 year and a maximum exercise period of 60 months from the vesting date. This move aligns with the company's strategy to attract and retain talent by offering participation in its growth.
16
Dec 25
Vikram Solar Approves ₹4,371 Crore Capex For Phase 1 Of BESS Roadmap Via VSL Powerhive
Vikram Solar has received board approval for a ₹4,371.00 crore capital expenditure to launch the first phase of its Battery Energy Storage System roadmap through subsidiary VSL Powerhive. This strategic investment represents the company's expansion beyond traditional solar operations into energy storage solutions, positioning it as a comprehensive renewable energy provider in India's growing energy storage market.
30
Oct 25
Vikram Solar Unveils High-Efficiency 'Hypersol Pro' Solar Panel at Renewable Energy India Expo 2025
Vikram Solar has introduced its latest solar technology innovation, the 'Hypersol Pro' solar panel, at the Renewable Energy India Expo 2025. The panel boasts an impressive efficiency of up to 23.69%, with no reverse power loss, and is suitable for various installation types. This high-efficiency panel could potentially reshape the solar energy landscape and contribute to India's renewable energy goals.
23
Oct 25
Vikram Solar Secures 148.9 MW Module Order, Boosting India's Clean Energy Drive
Vikram Solar Limited has received an order for 148.9 MW of high-efficiency solar modules from Sunsure Energy Private Limited. The order includes M10R N-Type TOPCon modules rated at 595 Wp, to be deployed in Maharashtra and Uttar Pradesh. Delivery is expected within 60 days from the Notice to Proceed, likely by January 2026. This project aligns with India's target of 500 GW non-fossil fuel capacity by 2030. Vikram Solar, with a 4.5 GW production capacity, has been securing significant orders in the Indian solar market. Sunsure Energy, backed by Partners Group AG, aims to reach 10 GW capacity by 2030.
17
Oct 25
Vikram Solar Sets Ambitious Production Targets for FY27
Vikram Solar, a leading Indian solar module manufacturer, has announced ambitious production targets for fiscal year 2027. The company aims to expand its module manufacturing capacity to 17.5 GW and cell production to 12 GW, up from its current 4.5 GW module capacity. This strategic expansion aligns with India's renewable energy push and domestic manufacturing emphasis in the solar sector. Vikram Solar, present in 39 countries and recognized as a Tier-1 solar PV module manufacturer by Bloomberg NEF, recently reported strong Q2 FY26 financial results with significant growth in revenue, EBITDA, and PAT.
16
Oct 25
Vikram Solar Reports Strong Q2 Results, Appoints New Directors
Vikram Solar Limited announced robust financial results for Q2 and H1 FY2026, with Q2 revenue at ₹11,090.06 crore and Profit After Tax at ₹1,282.35 crore. The company completed its IPO, raising ₹1,500.00 crore, with shares listed on NSE and BSE on August 26, 2025. Two new board appointments were made: Mr. Suresh Gopinathan Menon as Additional Non-executive Non-Independent Director and Mr. Joginder Pal Dua as Additional Independent Director, effective December 1, 2025. The company also restructured its committees and continues to address legal matters involving safeguard duty payments and disputed trade receivables.
30
Sept 25
Vikram Solar Impacted as DGTR Imposes Anti-Dumping Duties on Chinese Solar Cell Imports
The Directorate General of Trade Remedies (DGTR) in India has imposed anti-dumping duties on solar cell imports from China. This decision aims to protect domestic manufacturers, including Vikram Solar, from below-cost imports. The move is expected to boost domestic manufacturing, potentially increase prices in the solar panel market, and shift supply chain dynamics. While beneficial for Indian solar cell manufacturers, the long-term impact on India's solar energy goals remains to be seen.
17
Sept 25
Vikram Solar Promoters Pledge 26.25% Stake for Working Capital Financing
Vikram Solar's promoters have pledged 9,49,60,893 equity shares (26.25% of post-IPO share capital) to secure a Rs. 2,600 crore working capital facility from a 14-bank consortium. This re-pledge follows a temporary release for IPO compliance. The company plans to expand module production capacity from 4.5 GW to 17.5 GW and enter solar cell manufacturing with 12 GW capacity by FY27. Q1 results show strong growth with revenue up 79.7% YoY to Rs. 1,134 crore and PAT increasing from Rs. 22.80 crore to Rs. 133 crore.
17
Sept 25
Vikram Solar Reports 5x Jump in Q1 PAT, Plans Massive Capacity Expansion
Vikram Solar reported strong Q1 financial results with revenue up 79.7% to ₹1,134.00 crores and PAT increasing fivefold to ₹133.00 crores. The company produced over 750 megawatts of modules, achieving 67% capacity utilization. With a robust order book of 10.96 gigawatts, Vikram Solar announced expansion plans to increase module manufacturing capacity from 4.5 to 17.5 gigawatts, establish 12 gigawatts of solar cell manufacturing, and venture into battery energy storage systems. The company is investing in advanced technologies like TOPCon and exploring next-generation options. Expansion will be funded through IPO proceeds, debt, and internal accruals.
15
Sept 25
Vikram Solar Secures 200 MW Module Supply Deal, Seeks Shareholder Approval for ESOP Plan
Vikram Solar has secured a 200 MW solar module order worth Rs. 273 crores from AB Energia Solutions for projects in Maharashtra, Madhya Pradesh, and Gujarat. The supply will begin in September 2025. Additionally, the company is seeking shareholder approval for its ESOP 2021 plan, which allocates 1,30,00,000 equity shares (5.02% of diluted equity) to employees, with vesting periods ranging from 1 to 5 years.
15
Sept 25
Vikram Solar Secures Rs. 273 Crore Order for 200 MW High-Efficiency Solar Modules
Vikram Solar Limited has received an order worth Rs. 273 crores from AB Energia Solutions Private Limited for 200 MW of high-efficiency solar modules. The order includes M10R N-Type TOPCon modules with efficiency ratings of 590 Wp and above, to be delivered between September 2025 and March 2026. The modules will be deployed across Maharashtra, Madhya Pradesh, and Gujarat for commercial and industrial solar projects. This order strengthens the partnership between Vikram Solar and AB Energia, highlighting their commitment to India's clean energy transition.
13
Sept 25
Vikram Solar Aims for 16-18% EBITDA Margins, Boasts Strong Order Book
Vikram Solar aims to maintain EBITDA margins of 16-18% for FY26 and beyond. The company has a strong order book of 10+ gigawatts and a market pipeline of 30-35 gigawatts. Expansion plans include increasing module manufacturing capacity and integrating up to 12 gigawatts of solar cell manufacturing. Funding for expansion will come from IPO proceeds, debt, and internal accruals.
10
Sept 25
Vikram Solar's Q1 Profit Soars 484% as Revenue Surges 80%
Vikram Solar Limited achieved remarkable financial results in Q1, with revenue surging 79.7% to ₹1,133.60 crore and net profit jumping 484% to ₹133.40 crore. EBITDA grew by 117.3% to ₹242.20 crore, with margins expanding to 21.4%. The company maintains a robust order book of 10.96 GW and secured significant new orders. Vikram Solar received industry recognition for product quality and sustainability efforts. Management expressed confidence in sustaining growth momentum, supported by expansion plans and favorable industry trends.
09
Sept 25
Vikram Solar Unveils Ambitious Growth Strategy with 4x Capacity Expansion and Strong Q1 Performance
Vikram Solar reported impressive Q1 results with revenue up 79.7% to ₹1,133.60 crore and PAT increasing 483.9% to ₹133.40 crore. The company plans a four-fold capacity expansion and backward integration into solar cell production, supported by a 10.96 GW order pipeline. Key orders include 250 MW from Bondada Group, 326 MW from GIPCL, and 336 MW from L&T. The company has received industry recognition and is optimistic about growth prospects due to favorable government policies and industry trends.
09
Sept 25
Vikram Solar Reports Strong Q1 Results, Completes IPO
Vikram Solar Limited announced robust Q1 financial results with revenue from operations at ₹11,351.60 crore and profit after tax at ₹1,344.15 crore. The company completed its IPO, issuing 62,631,604 shares at ₹332 per share, raising a total of ₹20,793.69 crore. The firm appointed Ernst & Young LLP as internal auditor and approved a postal ballot for the Employee Stock Option Plan 2021. Two significant legal matters are ongoing: a case regarding ₹148.52 crore in safeguard duty payments and disputed trade receivables of ₹843.88 crore under arbitration.
05
Sept 25
VSL Ventures Pledges 15.1 Million Vikram Solar Shares as Loan Collateral
VSL Ventures Private Limited, a promoter group entity of Vikram Solar Limited, has pledged 15,099,750 shares, representing 4.17% of the company's total share capital. The pledge was made to VISTRA ITCL (INDIA) LIMITED on August 29, 2025, as collateral for a loan. This significant transaction was disclosed on September 5, 2025, in compliance with SEBI regulations.
Vikram Solar
197.
92
-
6.
10
(-
2.
99
%)
1 Year Returns:
-44.47%
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