Results Snapshot
Figures in Cr
Consolidated - Balance Sheet Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
Mar'21
EQUITY AND LIABILITIES
No of Months
12
12
12
12
12
12
Share Capital
362.33
316.54
258.83
258.83
258.83
23.53
Share Warrants & Outstandings
Total Reserve
2,810.60
940.71
186.59
106.36
92.46
390.88
Shareholder's Funds
3,172.93
1,257.24
445.42
365.19
351.29
414.41
Minority Interest
0.00
0.00
0.00
0.00
0.00
0.00
Long-Term Borrowings
0.00
113.43
240.81
264.11
263.93
229.63
Secured Loans
0.00
113.43
155.46
179.00
179.06
144.84
Unsecured Loans
0.00
0.00
85.34
85.11
84.87
84.78
Deferred Tax Assets / Liabilities
95.85
52.02
7.53
-0.04
-0.20
18.15
Other Long Term Liabilities
431.85
42.07
492.98
592.86
127.02
70.1
Long Term Trade Payables
0.00
0.00
0.00
0.00
4.34
8.53
Long Term Provisions
33.04
26.47
18.56
7.80
8.32
7.04
Total Non-Current Liabilities
560.74
197.96
717.75
814.85
403.41
333.44
Current Liabilities
Trade Payables
1,535.92
825.79
647.24
445.87
750.20
497.90
Other Current Liabilities
264.83
414.48
164.73
325.50
291.94
160.40
Short Term Borrowings
100.07
153.27
609.65
523.56
439.18
391.15
Short Term Provisions
1.27
0.34
0.67
1.26
1.02
0.57
Total Current Liabilities
1,902.10
1,393.88
1,422.29
1,296.20
1,482.34
1,050.03
Total Liabilities
5,635.77
2,849.09
2,585.45
2,476.25
2,237.04
1,797.88
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00
0.00
0.00
Gross Block
1,198.36
1,012.34
820.83
819.80
747.50
474.47
Less: Accumulated Depreciation
639.58
514.27
364.78
236.16
200.89
140.16
Less : Impairment of Assets
0.00
0.00
0.00
0.00
0.00
0.00
Net Block
558.78
498.07
456.05
583.64
546.60
334.31
Lease Adjustment
0.00
0.00
0.00
0.00
0.00
0.00
Capital Work in Progress
18.93
13.66
27.81
17.05
2.94
66.06
Intangible assets under development
0.00
0.00
0.00
0.73
0.63
0.49
Pre-operative Expenses pending
0.00
0.00
0.00
0.00
0.00
0.00
Assets in transit
0.00
0.00
0.00
0.00
0.00
0.00
Non Current Investments
742.41
118.91
0.00
0.00
0.00
0.00
Long Term Loans & Advances
269.91
52.02
69.39
56.35
67.16
12.78
Other Non Current Assets
150.18
148.93
4.55
4.77
0.45
71.42
Total Non-Current Assets
2,260.57
867.10
607.19
723.31
617.79
532.02
Current Assets Loans & Advances
Current Investments
0.00
0.00
0.00
0.00
0.00
0.00
Inventories
815.27
428.52
393.34
373.25
264.97
193.01
Sundry Debtors
1,214.01
1,228.39
1,185.33
958.96
917.47
735.93
Cash and Bank
991.97
180.07
115.73
104.20
135.96
101.18
Other Current Assets
87.88
21.14
10.25
28.19
25.94
20.23
Short Term Loans and Advances
266.07
123.87
273.62
288.34
274.92
215.52
Total Current Assets
3,375.20
1,981.99
1,978.27
1,752.94
1,619.25
1,265.87
Net Current Assets (Including Current Investments)
1,473.10
588.11
555.98
456.73
136.91
215.84
Total Current Assets Excluding Current Investments
3,375.20
1,981.99
1,978.27
1,752.94
1,619.25
1,265.87
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00
0.00
0.00
Total Assets
5,635.77
2,849.09
2,585.45
2,476.25
2,237.04
1,797.88
Contingent Liabilities
61.52
257.77
52.65
46.29
72.23
71.04
Total Debt
100.07
194.63
766.21
687.91
703.11
620.78
Book Value per share (adjusted)
87.57
39.72
17.21
14.11
13.57
16.0109090909091
Balance Sheet Analysis Highlights
Borrowings
YoY Growth in year ended Mar 2026 is -56.62% vs -71.46% in Mar 2025
Other Long Term Liabilities
YoY Growth in year ended Mar 2026 is 926.50% vs -91.47% in Mar 2025
Fixed Assets
YoY Growth in year ended Mar 2026 is 12.89% vs 5.76% in Mar 2025
Investments
YoY Growth in year ended Mar 2026 is 524.35% vs 0.00% in Mar 2025
Current Assets
YoY Growth in year ended Mar 2026 is 70.29% vs 0.19% in Mar 2025
Compare Balance Sheet Results of Vikram Solar
Figures in Cr
Consolidated - Balance Sheet Results
Change(INR)
Change(%)
No of Months
12
12
EQUITY AND LIABILITIES
Share Capital
362.33
27.64
334.69
1,210.89%
Share Warrants & Outstandings
Total Reserve
2,810.60
1,839.91
970.69
52.76%
Shareholder's Funds
3,172.93
1,867.55
1,305.38
69.90%
Minority Interest
0.00
0.00
0.00
0.00%
Long-Term Borrowings
0.00
437.70
-437.70
-100.00%
Secured Loans
0.00
437.70
-437.70
-100.00%
Unsecured Loans
0.00
0.00
0.00
0.00%
Deferred Tax Assets / Liabilities
95.85
35.65
60.20
168.86%
Other Long Term Liabilities
431.85
137.03
294.82
215.15%
Long Term Trade Payables
0.00
0.00
0.00
0.00%
Long Term Provisions
33.04
116.47
-83.43
-71.63%
Total Non-Current Liabilities
560.74
726.85
-166.11
-22.85%
Current Liabilities
Trade Payables
1,535.92
579.64
956.28
164.98%
Other Current Liabilities
264.83
213.60
51.23
23.98%
Short Term Borrowings
100.07
926.90
-826.83
-89.20%
Short Term Provisions
1.27
31.40
-30.13
-95.96%
Total Current Liabilities
1,902.10
1,751.54
150.56
8.60%
Total Liabilities
5,635.77
4,345.94
1,289.83
29.68%
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00%
Gross Block
1,198.36
432.49
765.87
177.08%
Less: Accumulated Depreciation
639.58
163.97
475.61
290.06%
Less : Impairment of Assets
0.00
0.00
0.00
0.00%
Net Block
558.78
268.51
290.27
108.10%
Lease Adjustment
0.00
0.00
0.00
0.00%
Capital Work in Progress
18.93
40.72
-21.79
-53.51%
Intangible assets under development
0.00
0.00
0.00
0.00%
Pre-operative Expenses pending
0.00
0.00
0.00
0.00%
Assets in transit
0.00
0.00
0.00
0.00%
Non Current Investments
742.41
36.29
706.12
1,945.77%
Long Term Loans & Advances
269.91
172.44
97.47
56.52%
Other Non Current Assets
150.18
363.23
-213.05
-58.65%
Total Non-Current Assets
2,260.57
897.64
1,362.93
151.83%
Current Assets Loans & Advances
Current Investments
0.00
172.34
-172.34
-100.00%
Inventories
815.27
849.61
-34.34
-4.04%
Sundry Debtors
1,214.01
1,363.72
-149.71
-10.98%
Cash and Bank
991.97
760.01
231.96
30.52%
Other Current Assets
87.88
108.77
-20.89
-19.21%
Short Term Loans and Advances
266.07
193.85
72.22
37.26%
Total Current Assets
3,375.20
3,448.30
-73.10
-2.12%
Net Current Assets (Including Current Investments)
1,473.10
1,696.76
-223.66
-13.18%
Total Current Assets Excluding Current Investments
3,375.20
3,275.96
99.24
3.03%
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00%
Total Assets
5,635.77
4,345.94
1,289.83
29.68%
Contingent Liabilities
61.52
181.82
-120.30
-66.16%
Total Debt
100.07
1,364.60
-1,264.53
-92.67%
Book Value per share (adjusted)
87.57
67.57
20.00
29.60%
Annual - Borrowings
Borrowings 100.07 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -56.62% vs -71.46% in Mar 2025
Annual - Other Long Term Liabilities
Other Long Term Liabilities 431.85 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 926.50% vs -91.47% in Mar 2025
Annual - Fixed Assets
Fixed Assets 577.71 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 12.89% vs 5.76% in Mar 2025
Annual - Investments
Investments 742.41 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 524.35% vs 0.00% in Mar 2025
Annual - Current Assets
Current Assets 3,375.20 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 70.29% vs 0.19% in Mar 2025






