VIKRAM SOLAR LIMITED·SOLAR ENERGY 34.76·Electrical Equipment Companies

2026-08-21 NSE BSE Web 20%

Price

173.23

+0.72%
O:172.9
H:178.15
L:171.5
C:173.23

52W Range

155.38407.95
+11%/-58%

Market Cap

₹6,277.06 Cr

Traded: ₹61.71 Cr (0.98%) 0.0x

Free Float: ₹1,858.01 Cr (3.32% of FF traded)

Volume · 60D trend

35.38 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:-2% 3M:-14% 6M:-24% 12M:-29%

Valuation

P/E17.6
P/B2.0
P/S1.2
EV/EBIT68526909.4

Business Strength

ROE21.4%
ROCE30.6%
OPM19.1%
NPM9.8%

Growth (3Y CAGR)

EPS+195.0%
Sales+32.0%
Profit+214.0%
3Y Return--

Balance Sheet

Debt/Equity0.0
Debt100 Cr
Pledge9.2%
CWIP/Fixed Asset1.8%

Cash Position

CFO/NP142.2%
FCF384 Cr
FCF 3Y Avg649 Cr
Cash/MCap9.0%

Others

Div Yield0.0%
Div Payout0.0%
Cash Conv. Cycle13 days
Tradeable Free Float29.6%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 90.80 Cr
4.89% FF
60d high
₹ 122.10 Cr
60d low
₹ 25.77 Cr
60d mean
₹ 71.53 Cr
vs mean
▲ 26.94%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
--
+16.0%
+20.0%
--
--
Accelerating
Return
--
--
--
--
--
--
Sales
--
+24.0%
+32.0%
--
+33.0%
Accelerating
Profit
--
+65.0%
+214.0%
--
+44.0%
Stable

Quarterly Results

Jun 2026

7 Aug
Rev
1.6K Cr
+38% YoY+8% QoQ
OPM8.0%
NPM1.3%
PAT
--20 Cr
EPS
-87% YoY0.6

Mar 2026

8 May
Rev
1.5K Cr
+22% YoY+31% QoQ
OPM16.0%
NPM7.6%
PAT
+22% YoY110 Cr
EPS
+7% YoY3.0

Dec 2025

20 Jan
Rev
1.1K Cr
+8% YoY-0% QoQ
OPM19.0%
NPM8.9%
PAT
+436% YoY98 Cr
EPS
+352% YoY2.7

Sep 2025

PDF
Rev
1.1K Cr
+94% YoY-2% QoQ
OPM21.0%
NPM11.5%
PAT
+1646% YoY128 Cr
EPS
+1443% YoY3.5

Jun 2025

PDF
Rev
1.1K Cr
+80% YoY-5% QoQ
OPM21.0%
NPM11.7%
PAT
+484% YoY133 Cr
EPS
+485% YoY4.2

Mar 2025

Rev
1.2K Cr
--+16% QoQ
OPM19.0%
NPM7.6%
PAT
--91 Cr
EPS
--2.9

Dec 2024

Rev
1.0K Cr
--+79% QoQ
OPM8.0%
NPM1.9%
PAT
--19 Cr
EPS
--0.6

Sep 2024

Rev
573 Cr
---9% QoQ
OPM13.0%
NPM1.2%
PAT
--7 Cr
EPS
--0.2

Jun 2024

Rev
631 Cr
----
OPM18.0%
NPM3.6%
PAT
--23 Cr
EPS
--0.7

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity0.19
Interest Coverage1.8x
Promoter Pledge9.2%
Borrowings617 Cr

Efficiency

Receivable Days92 days
Inventory Days89 days
Payable Days168 days
Cash Conversion cycle13 days

Cash Position

Operating Cash Flow667 Cr
Investing Cash Flow-1.8K Cr
Financing Cash Flow1.1K Cr
Free Cash Flow384 Cr

Detailed Financials

Jun 2026PDF ↗
Mar 2026PDF ↗
Dec 2025PDF ↗
Sep 2025PDF ↗
Jun 2025PDF ↗
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Sales1,5631,4531,1061,1101,1341,1941,026573631
Expenses1,4371,218901875891970941501519
Operating Profit1262342052352422248572111
OPM %8.0%16.0%19.0%21.0%21.0%19.0%8.0%13.0%18.0%
Other Income131815164812116
Interest495740323248283445
Depreciation645737353442393737
Profit Before Tax25139143184181141301136
Tax %22.0%21.0%31.0%30.0%26.0%36.0%36.0%36.0%36.0%
Net Profit20110981281339119723
Exceptional Items00-6000000
EPS (Rs)0.63.02.73.54.22.90.60.20.7
Sales Growth (YoY)37.8%21.7%7.8%93.7%79.7%--------
Sales Growth (QoQ)7.6%31.4%-0.4%-2.1%-5.0%16.4%79.1%-9.2%--
OP Growth (YoY)-47.9%4.5%141.2%226.4%118.0%--------
OP Growth (QoQ)-46.2%14.1%-12.8%-2.9%8.0%163.5%18.1%-35.1%--
Profit Growth (YoY)--22.0%436.0%1646.0%484.0%--------
EPS Growth (YoY)-86.9%6.6%351.7%1443.5%484.7%--------
EPS Growth (QoQ)-82.0%12.6%-23.7%-15.7%47.2%376.7%160.9%-68.1%--
OP Margin8.1%16.1%18.5%21.2%21.3%18.8%8.3%12.6%17.6%
Net Margin1.3%7.6%8.9%11.5%11.7%7.6%1.9%1.2%3.6%
Material Cost %81.0%72.0%69.0%67.0%69.0%69.0%83.0%75.0%71.0%
Employee Cost %4.0%3.0%3.0%4.0%3.0%3.0%3.0%5.0%4.0%
P/S1.201.311.80------------
P/E17.5712.8716.90------------
P/B1.981.992.77------------

Shareholding Pattern

Shareholders:3.0L (-0.8%)
Current MixJun 2026

Exchange Filings

50
Company Update13 Aug 2026

Please find enclosed Earnings Call Transcript for Q1FY27

Company Update13 Aug 2026

Please find enclosed Schedule of Analyst/Institutional Investor meeting which is self explanatory

Company Update12 Aug 2026

Please find enclosed the update on Credit Rating which is self explanatory

Company Update07 Aug 2026

Please find enclosed herewith the Investors Presentation Q1FY27

Company Update07 Aug 2026

Please find enclosed the Newspaper Publication dated August 7, 2026

Company Update07 Aug 2026

Please find enclosed the link for earnings call for the Q1FY27

Result06 Aug 2026

Please find enclosed the Outcome of Board Meeting for consideration and approval of Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026

Company Update06 Aug 2026

Please find enclosed herewith the details of change in management, which is self - explanatory

Company Update06 Aug 2026

Please find enclosed the Monitoring Agency Report for the quarter ended 30th June 2026

Board Meeting06 Aug 2026

Please find enclosed the Outcome of Board Meeting held on 06th August 2026

AGM/EGM05 Aug 2026

Please find enclosed the Scrutiniser''s Report for the 21st Annual General Meeting of the Company held on Tuesday, 04th August 2026

AGM/EGM05 Aug 2026

Please find enclosed the Outcome of the 21st Annual General Meeting of the Company held on Tuesday, 04th August 2026

Company Update11 Jul 2026

Please find enclosed the copy of newspaper publication of the post - dispatch notice of the 21st Annual General Meeting

Others10 Jul 2026

Please find enclosed herewith the Annual Report of the Company for FY 2025-26

AGM/EGM10 Jul 2026

Please find enclosed herewith the Notice of the 21st AGM of the Company scheduled to be held on Aug 04, 2026

Company Update09 Jul 2026

Please find enclosed intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 for Solar Cell Supply Agreement with Evervolt Solar Technology India Private Limited

Company Update08 Jul 2026

Please find enclosed Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026

Company Update06 Jul 2026

Please find enclosed the intimation for 21st Annual General Meeting ("AGM") and cut - off date for the AGM scheduled to be held on August 04. 2026 for the financial year ended March 31, 2026.

Company Update06 Jul 2026

Please find enclosed the copy of Newspaper Publication dated 06th July 2026

Company Update06 Jul 2026

Please find enclosed the Press Release with regards to the successful roll out of the First Module from New Manufacturing Mega Facility in Tamil Nadu

Insider Trading / SAST30 Jun 2026

Please find enclosed the Intimation for Closure of Trading Window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Company Update30 Jun 2026

Please find enclosed herewith the order of the Hon''ble NCLAT dated June 29, 2026 for setting aside the order of Hon''ble NCLT, dated June 12, 2026.

Company Update30 Jun 2026

Please find enclosed herewith the order passed by Hon''ble NCLAT dated June 29, 2026 for setting aside the order of Hon''ble NCLT dated June 12, 2026.

Company Update29 Jun 2026

Please find enclosed disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 with regard to order passed by Hon''ble National Company Law Appellate Tribunal

Company Update29 Jun 2026

Please find enclosed disclosure under Regulation 30 of SEBI (LODR) Regulations 2015 with regard to the Order passed by the Hon''ble National Company Law Appellate Tribunal

Company Update25 Jun 2026

Please find enclosed herewith the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 which is self explanatory.

Company Update25 Jun 2026

Please find enclosed herewith the copy of the NCLAT order dated June 24, 2026

Company Update24 Jun 2026

Please find enclosed herewith the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 which is self explanatory

Company Update24 Jun 2026

Please find enclosed heerwith the updates on the proceedings before the Hon''ble NCLAT

Company Update22 Jun 2026

Please find enclosed herewith the intimation under Regulation 30 of SEBI (LODR) Regulations, 2025 which is self explanatory

Company Update22 Jun 2026

Please find enclosed herewith the updates on the proceedings and the public announcement in the process of CIRP

Company Update19 Jun 2026

Please find enclosed a copy of the order passed by Hon''ble National Company Law Tribunal, Kolkata Bench

Company Update19 Jun 2026

Please find enclosed intimation under Regulation 30 of SEBI (LODR) Regulations 2015

Company Update19 Jun 2026

Please find enclosed Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

Company Update18 Jun 2026

Please find enclosed the Intimation of Schedule of Analysts/Institutional Investor Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015

Company Update29 May 2026

Please find enclosed the Intimation for allotment of equity shares in lieu of exercise of Employee Stock Options granted to eligible employees of the Company in terms of "Vikram Solar Employee ....

Insider Trading / SAST19 May 2026

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2026 for Nilam Chaudhary

Company Update18 May 2026

Please find enclosed herewith the Annual Secretarial Compliance Report for the year ended 31st March 2026

Company Update13 May 2026

Please find enclosed the Transcript of the Q4 and FY26 Earnings Conference Call held on Friday, May 08, 2026

Company Update08 May 2026

Please find enclosed the Newspaper Publication dated 08th May 2026

Company Update08 May 2026

Please find enclosed the link for earnings call for the Q4 and FY26.

Company Update08 May 2026

Please find enclosed the Investor Presentation for the quarter and year ended 31st March 2026

Company Update07 May 2026

Please find enclosed herewith the intimation for change in management which is self explanatory

Result07 May 2026

Please find enclosed herewith the Audited Financial Results alongwith the Audit Reports (Standalone & Consolidated)

Company Update07 May 2026

Please find enclosed the Monitoring Agency Report for the quarter ended 31st March 2026

Board Meeting07 May 2026

Outcome of Board Meeting held on 07th May 2026

Company Update05 May 2026

Please find enclosed herewith the intimation of Earnings call for Q4FY26

Board Meeting04 May 2026

Vikram Solar Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/05/2026 ,inter alia, to consider and approve the Audited Financial Results ....

Others30 Apr 2026

<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....

Company Update14 Apr 2026

Please find enclosed Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31.03.2026

Annual Reports

2

2026

2025

Credit Ratings

6
smeraRating update
25 Sept 2025Report
fitchRating update
06 Dec 2024Report
fitchRating update
14 Oct 2024Report
smeraRating update
02 Aug 2024Report
smeraRating update
06 May 2024Report
smeraRating update
16 Feb 2023Report

Concalls

4

Jan 2026

31 Jan 2026

Jan 2026

31 Jan 2026

Oct 2025

31 Oct 2025

Sep 2025

30 Sept 2025

Held by ETFs

3 ETFs hold vikramsolr · sorted by weight

#ETFWeight %
1

MOIPO

MOTILALAMC - MOIPO

0.14%
2

AONETOTAL

AONEAMC - AONETOTAL

0.01%
3

SELECTIPO

MIRAEAMC - SELECTIPO

0.14%

Held by Mutual Funds

11 schemes hold vikramsolr · sorted by weight

#SchemeWeight %
1

Bandhan Small Cap Fund

IDFC Mutual Fund

0.45%
2

Kotak Energy Opportunities Fund

Kotak Mahindra Mutual Fund

1.33%
3

Motilal Oswal BSE Clean Environment Index Fund

Motilal Oswal Mutual Fund

0.62%
4

Kotak Equity Savings Fund

Kotak Mahindra Mutual Fund

0.34%
5

Edelweiss Recently Listed IPO Fund

Edelweiss Mutual Fund

0.32%
6

Kotak Multi Asset Allocation Fund

Kotak Mahindra Mutual Fund

0.19%
7

Franklin India Small Cap Fund

Franklin Templeton Mutual Fund

0.29%
8

Motilal Oswal Nifty Microcap 250 Index Fund

Motilal Oswal Mutual Fund

0.27%
9

Motilal Oswal BSE 1000 Index Fund

Motilal Oswal Mutual Fund

0.01%
10

Groww Nifty Total Market Index Fund

Groww Mutual Fund

0.01%
11

Bandhan Nifty Total Market Index Fund

Bandhan Mutual Fund

0.01%