VIKRAM SOLAR LIMITED
Latest filings
- Vikram Solar wins 289.87 MWp domestic solar module order · Business Updates
- 9 GW solar cell plant on schedule for December 2026 start · Compliance
- Vikram Solar wins 187 MW solar module order from domestic renewable developer · Business Updates
Snapshot
What the business is, and whether it's a good one at a fair price.
Manufactures solar photovoltaic modules and is building a fully integrated solar value chain from ingot to module. The business is currently a module assembler and is moving backward into solar cells — a 9 GW TOPCon cell facility is to start producing in December 2026, with another 3 GW in FY28 — and into wafer and ingot, with the first 6 GW to commission in March 2028 and scale to 12 GW by FY30. Module nameplate capacity is set to reach 15.5 GW by Q1 FY27 via a new Gangaikondan, Tamil Nadu plant; cumulative module deployment has crossed 10 GW, powering more than 5 million Indian homes. The new Hypersol N-Type TOPCon G12R modules deliver 615-640 Wp at up to 23.69% efficiency. The company is also entering battery energy storage, targeting 5 GWh of cell-to-pack capacity by March 2027 and 15 GWh by FY30. The order book stood at 8.2 GW. The biggest cost line is materials at 70.9% of revenue, covering silicon, wafers, cells and other inputs.
Scorecard
Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from VIKRAM SOLAR LIMITED's filed financials and exchange disclosures
What does VIKRAM SOLAR LIMITED do?
VIKRAM SOLAR LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol VIKRAMSOLR.
Is VIKRAM SOLAR LIMITED profitable?
Yes. Over the trailing twelve months VIKRAM SOLAR LIMITED reported a net profit of ₹357 Cr on revenue of ₹5,232 Cr.
Does VIKRAM SOLAR LIMITED pay a dividend?
Not in the latest reported year — VIKRAM SOLAR LIMITED's dividend payout for FY26 was nil.
Is VIKRAM SOLAR LIMITED debt-free?
No. It reported borrowings of ₹100 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹64 Cr after cash. Debt stands at 0.03× equity. That is lower than 90% of its 50 Other Electrical Equipment peers.
Is VIKRAM SOLAR LIMITED expensive compared with its peers?
On trailing P/E, VIKRAM SOLAR LIMITED ranks 16 of 52 in Other Electrical Equipment — cheaper than 71% of them, against an industry median of 22.6×. This is a position, not a valuation judgement.
How much does the VIKRAM SOLAR LIMITED share price move in a day?
On a typical session VIKRAM SOLAR LIMITED moves 1.48% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.
Where can I track VIKRAM SOLAR LIMITED's announcements?
Every NSE and BSE filing by VIKRAM SOLAR LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.