Vikram Solar

  • Market Cap: Small Cap
  • Industry: Other Electrical Equipment
  • ISIN: INE078V01014
  • NSEID: VIKRAMSOLR
  • BSEID: 544488
INR
185.00
2.45 (1.34%)
BSENSE

Mar 17

BSE+NSE Vol: 10.28 lacs

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

10.28 lacs (-32.75%) Volume

Shareholding (Dec 2025)

FII

1.83%

Held by 19 FIIs

DII

0.78%

Held by 8 DIIs

Promoter

63.01%

How has been the historical performance of Vikram Solar?

16-Oct-2025

Vikram Solar's historical performance as of March 2025 shows significant growth, with an operating income of 3,423.45 crore, a profit after tax of 139.83 crore, and a strong operating profit margin of 14.37%. The company also reported balanced total assets and liabilities of 2,832.08 crore, indicating financial stability.

Answer:<BR>The historical performance of Vikram Solar shows significant growth in various financial metrics as of March 2025.<BR><BR>Breakdown:<BR>Vikram Solar reported a total operating income of 3,423.45 crore in March 2025, with a raw material cost of 2,589.81 crore, leading to a total expenditure of 2,931.44 crore. This resulted in an operating profit (PBDIT) of 528.08 crore, and after accounting for interest and depreciation, the profit before tax stood at 217.36 crore. The profit after tax was recorded at 139.83 crore, translating to an earnings per share (EPS) of 4.42. The operating profit margin was 14.37%, while the profit after tax margin was 4.08%. On the balance sheet, total assets reached 2,832.08 crore, with total liabilities at 2,832.08 crore as well, indicating a balanced position. Shareholder's funds increased significantly to 1,241.99 crore, supported by a rise in total reserves to 925.45 crore. Cash flow from operating activities was 298 crore, contributing to a net cash inflow of 30 crore, with closing cash and cash equivalents at 39 crore. Overall, Vikram Solar has demonstrated a strong upward trend in financial performance and stability.

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Is Vikram Solar overvalued or undervalued?

26-Nov-2025

As of November 25, 2025, Vikram Solar is considered overvalued with a valuation grade of "expensive," a PE ratio of 70.56, and an EV to EBITDA of 17.07%, despite a low ROE of 4.70% and recent stock performance lagging behind the Sensex.

As of 25 November 2025, Vikram Solar's valuation grade has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company is currently considered overvalued. Key ratios include a PE ratio of 70.56, an EV to EBITDA of 17.07, and a ROCE of 22.03%. <BR><BR>In comparison to its peers, Siemens Energy has a PE ratio of 100.29 and an EV to EBITDA of 72.94, while ABB stands at a PE of 60.6 and an EV to EBITDA of 47.28. Despite these high valuations among peers, Vikram Solar's ratios suggest it is still trading at a premium, particularly given its low ROE of 4.70%. Additionally, the company's recent stock performance has lagged behind the Sensex, with a 1-month return of -19.33% compared to a 0.45% gain in the index, reinforcing the notion that it may be overvalued.

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When is the next results date for Vikram Solar Ltd?

16-Jan-2026

The next results date for Vikram Solar Ltd is 20 January 2026.

The next results date for Vikram Solar Ltd is scheduled for 20 January 2026.

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Should I buy, sell or hold Vikram Solar Ltd?

03-Mar-2026

Why is Vikram Solar Ltd falling/rising?

17-Mar-2026

As of 16-Mar, Vikram Solar Ltd's stock price is rising to 182.00, driven by strong financial performance and sector outperformance. However, the stock has seen significant declines over the past month and year-to-date, raising concerns about its valuation and investor participation.

As of 16-Mar, Vikram Solar Ltd's stock price is rising, currently at 182.00, reflecting a change of 0.75 (0.41%) upwards. This positive movement can be attributed to several factors. Notably, the stock has outperformed its sector by 2.2% today, indicating stronger performance relative to its peers. Additionally, the company has demonstrated robust financial health, with net sales growing at an annual rate of 30.50% and operating profit increasing by 68.45%. The latest financial results show a significant increase in profit after tax (PAT) of 773.77% over the last six months, alongside a net sales growth of 38.58%.<BR><BR>However, it is important to note that despite the current rise, the stock has experienced a decline of 18.97% over the past month and a year-to-date decrease of 23.53%. This decline is compounded by falling investor participation, as evidenced by a 28.24% drop in delivery volume compared to the five-day average. Furthermore, the stock's valuation appears expensive with a price to book value of 2.2 and a return on equity (ROE) of only 4.7, which may deter some investors.<BR><BR>In summary, while Vikram Solar Ltd is currently experiencing a rise in stock price due to strong recent performance and positive financial results, underlying issues such as high promoter share pledges and previous declines may still pose risks for investors.

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iScoreScore
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Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With ROE of 4.7, it has a Expensive valuation with a 2.2 Price to Book Value

  • Over the past year, while the stock has generated a return of 0.00%, its profits have risen by 87%
2

48.2% of Promoter Shares are Pledged

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Other Electrical Equipment

stock-summary
Market cap

INR 6,703 Cr (Small Cap)

stock-summary
P/E

47.00

stock-summary
Industry P/E

60

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-0.49

stock-summary
Return on Equity

4.70%

stock-summary
Price to Book

2.23

Revenue and Profits:
Net Sales:
1,106 Cr
(Quarterly Results - Dec 2025)
Net Profit:
98 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-21.58%
0%
-21.58%
6 Months
-46.95%
0%
-46.95%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Vikram Solar for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Vikram Solar Ltd Gains 4.05%: 4 Key Factors Driving This Week’s Volatility

Announcements stock-summary

General Update Under Regulation 30 Of SEBI (LODR) Regulations 2015

12-Mar-2026 | Source : BSE

Please find enclosed herewith the copy of Press Release

Board Meeting Outcome for Outcome Of Board Meeting Held On 11Th March 2026

11-Mar-2026 | Source : BSE

Please find enclosed the Outcome of Board Meeting held on 11th March 2026

Closure of Trading Window

07-Mar-2026 | Source : BSE

Please find enclosed Intimation of Board Meeting and Closure of Trading Window

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
30.50%
EBIT Growth (5y)
68.45%
EBIT to Interest (avg)
1.58
Debt to EBITDA (avg)
0.54
Net Debt to Equity (avg)
0.01
Sales to Capital Employed (avg)
1.65
Tax Ratio
35.65%
Dividend Payout Ratio
0
Pledged Shares
48.20%
Institutional Holding
6.53%
ROCE (avg)
23.41%
ROE (avg)
10.18%

Valuation key factors

Factor
Value
P/E Ratio
47
Industry P/E
60
Price to Book Value
2.23
EV to EBIT
15.40
EV to EBITDA
10.50
EV to Capital Employed
3.39
EV to Sales
1.51
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
22.03%
ROE (Latest)
4.70%

Technicals key factors

Indicator
Weekly
Monthly
MACD
RSI
Bullish
Bollinger Bands
Mildly Bearish
KST
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

48.2048

Mutual Funds

Held by 9 Schemes (3.46%)

FIIs

Held by 19 FIIs (1.83%)

Promoter with highest holding

Vikram Capital Management Private Limited (30.85%)

Highest Public shareholder

Arpit Khandelwal (2.76%)

Individual Investors Holdings

20.87%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is -0.37% vs -2.22% in Sep 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is -24.80% vs -4.60% in Sep 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,105.77",
          "val2": "1,109.91",
          "chgp": "-0.37%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "203.36",
          "val2": "234.40",
          "chgp": "-13.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "40.13",
          "val2": "31.55",
          "chgp": "27.19%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-5.62",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "96.44",
          "val2": "128.24",
          "chgp": "-24.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "18.39%",
          "val2": "21.12%",
          "chgp": "-2.73%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Vikram Solar"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Vikram Solar"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "alert": "No Annual Results declared by Vikram Solar"
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
1,105.77
1,109.91
-0.37%
Operating Profit (PBDIT) excl Other Income
203.36
234.40
-13.24%
Interest
40.13
31.55
27.19%
Exceptional Items
-5.62
0.00
Standalone Net Profit
96.44
128.24
-24.80%
Operating Profit Margin (Excl OI)
18.39%
21.12%
-2.73%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is -0.37% vs -2.22% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -24.80% vs -4.60% in Sep 2025

stock-summaryCompany CV
About Vikram Solar Ltd stock-summary
stock-summary
Vikram Solar Ltd
Small Cap
Other Electrical Equipment
No Details Available.
Company Coordinates stock-summary
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No Company Details Available