Vikram Solar Ltd. (VIKRAMSOLR) fundamentals
Vikram Solar Ltd. is a listed company in Electrical Equipment, part of the Capital Goods sector, listed on the NSE as VIKRAMSOLR (ISIN INE078V01014). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Vikram Solar Ltd. does
Vikram Solar Limited is an India-based solar photo-voltaic (PV) modules manufacturer in terms of operational capacity, producing solar photo-voltaic (PV) modules, and is also an integrated solar energy solutions provider offering engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) services. The Company’s portfolio of solar energy products consists of the following high-efficiency solar PV modules: p-type monocrystalline silicon-based Passivated Emitter and Rear Contact (PERC) modules; N-Type monocrystalline silicon (N-Type) modules; and n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules. Its products are also differentiated based on cell size. Its latest generation solar PV modules (including those under testing) have wattages between 395-Watt peak (Wp) and a 735Wp rating.
Valuation and market data
| Last close | ₹167.20 |
|---|---|
| Market capitalisation | ₹5,746 crore |
| Enterprise value | ₹6,296 crore |
| P/E (TTM) | 12.25 |
| Price to book | 1.81 |
| Price to sales (TTM) | 0.67 |
| Book value per share | ₹92.33 |
| Dividend yield | 0.00% |
| Sector | Capital Goods |
| Industry | Electrical Equipment |
| Listed since | Tue Aug 26 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹4,862 crore | ₹646 crore | ₹469 crore | 13.65 |
| Mar 2025 | ₹3,452 crore | ₹216 crore | ₹139 crore | 4.59 |
| Mar 2024 | ₹2,456 crore | ₹100 crore | ₹67 crore | 2.58 |
| Mar 2023 | ₹2,027 crore | ₹15 crore | ₹13 crore | 0.49 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 63.0% |
|---|---|
| Foreign institutions (FII) | 3.4% |
| Mutual funds | 3.7% |
| Other domestic institutions | 0.4% |
| Retail and others | 29.6% |
More on BreakPoint
FundaX company research covers every listed company with reported financials. BreakPoint Pro adds the BreakPoint iQ score, the screener and the multibagger board.
Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.