Vikram Solar Ltd (VIKRAMSOLR) Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

1.07 lacs (2,144.09%) Volume

Shareholding (Sep 2025)

FII

2.09%

Held by 25 FIIs

DII

1.26%

Held by 13 DIIs

Promoter

63.12%

When is the next results date for Vikram Solar?

14-Oct-2025

The next results date for Vikram Solar is 16 October 2025.

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.

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.

Which are the latest news on Vikram Solar?

04-Dec-2025

How has been the historical performance of Vikram Solar?
How has been the historical performance of Vikram Solar?

Why is Vikram Solar falling/rising?

05-Dec-2025

As of 04-Dec, Vikram Solar Ltd's stock price is currently at 252.00, reflecting a slight increase after a prolonged decline. However, the stock has fallen significantly over the past week and month, indicating that the recent rise may be a short-term correction amidst ongoing bearish trends.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

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Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Other Electrical Equipment

Market cap

INR 8,979 Cr (Mid Cap)

P/E

66.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.49

Return on Equity

4.70%

Price to Book

3.08

Revenue and Profits:

Net Sales:

1,110 Cr

(Quarterly Results - Sep 2025)

Net Profit:

128 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-23.25%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Vikram Solar for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

How has been the historical performance of Vikram Solar?

Answer: The historical performance of Vikram Solar shows significant growth in various financial metrics as of March 2025. Breakdown: 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 ...

How has been the historical performance of Vikram Solar?

Answer: The historical performance of Vikram Solar shows significant changes in its financial metrics over the years. Breakdown: Vikram Solar's consolidated balance sheet indicates a steady increase in share capital, rising from 23.53 Cr in Mar'21 to 316.54 Cr in Mar'25. Total reserves have also seen substantial growth, escalating from 390.88 Cr in Mar'21 to 925.45 Cr in Mar'25. Shareholder's funds have increased significantly, reaching 1,241.99 Cr in Mar'25 compared to 414.41 Cr in Mar'21. Long-term borrowings have decreased from 264.11 Cr in Mar'23 to 113.43 Cr in Mar'25, while total liabilities rose from 1,797.88 Cr in Mar'21 to 2,832.08 Cr in Mar'25. The company's total assets have similarly increased, from 1,797.88 Cr in Mar'21 to 2,832.08 Cr in Mar'25. Profit before tax has shown a remarkable recovery, moving from a loss of 79.00 Cr in Mar'22 to a profit of 217.00 Cr in Mar'25. Cash flow from operati...

General Update Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

03-Dec-2025 | Source : BSE

Please find enclosed herewith the general update under Regulation 30 of SEBI (LODR) Regulations 2015

Announcement under Regulation 30 (LODR)-Press Release / Media Release

26-Nov-2025 | Source : BSE

Please find enclosed herewith the Press release which is self-explanatory

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

18-Nov-2025 | Source : BSE

Please find the intimation for investor meet

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

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

Pledged Shares

48.20%

Institutional Holding

8.29%

ROCE (avg)

23.41%

ROE (avg)

10.18%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

3.08

EV to EBIT

22.98

EV to EBITDA

15.67

EV to Capital Employed

5.06

EV to Sales

2.25

PEG Ratio

Dividend Yield

ROCE (Latest)

22.03%

ROE (Latest)

4.70%

Technicals key factors

Indicator

Weekly

Monthly

No records

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

48.2048

Mutual Funds

Held by 9 Schemes (4.16%)

FIIs

Held by 25 FIIs (2.09%)

Promoter with highest holding

Vikram Capital Management Private Limited (30.91%)

Highest Public shareholder

Arpit Khandelwal (2.76%)

Individual Investors Holdings

16.96%

Financial

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is -2.22% vs -4.06% in Jun 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is -4.60% vs 62.26% in Jun 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Jun'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,109.91",
          "val2": "1,135.16",
          "chgp": "-2.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "234.40",
          "val2": "243.80",
          "chgp": "-3.86%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "31.55",
          "val2": "32.25",
          "chgp": "-2.17%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "128.24",
          "val2": "134.42",
          "chgp": "-4.60%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "21.12%",
          "val2": "21.48%",
          "chgp": "-0.36%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,245.07",
          "val2": "1,205.48",
          "chgp": "86.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "478.20",
          "val2": "191.78",
          "chgp": "149.35%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "63.80",
          "val2": "79.44",
          "chgp": "-19.69%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "262.65",
          "val2": "35.34",
          "chgp": "643.21%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "21.30%",
          "val2": "15.91%",
          "chgp": "5.39%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "2,388.70",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "403.23",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Interest",
          "val1": "124.67",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "118.18",
          "val2": "NA",
          "chgp": "NA",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "16.88%",
          "val2": "NA%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 39.93% vs 21.65% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 108.17% vs 426.14% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
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          "val2": "2,440.82",
          "chgp": "39.93%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "490.57",
          "val2": "391.78",
          "chgp": "25.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "154.66",
          "val2": "157.17",
          "chgp": "-1.60%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-11.64",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "139.10",
          "val2": "66.82",
          "chgp": "108.17%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "14.36%",
          "val2": "16.05%",
          "chgp": "-1.69%",
          "chgp_class": "negative"
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      ]
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]

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

1,109.91

1,135.16

-2.22%

Operating Profit (PBDIT) excl Other Income

234.40

243.80

-3.86%

Interest

31.55

32.25

-2.17%

Exceptional Items

0.00

Standalone Net Profit

128.24

134.42

-4.60%

Operating Profit Margin (Excl OI)

21.12%

21.48%

-0.36%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is -2.22% vs -4.06% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is -4.60% vs 62.26% in Jun 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

2,245.07

1,205.48

86.24%

Operating Profit (PBDIT) excl Other Income

478.20

191.78

149.35%

Interest

63.80

79.44

-19.69%

Exceptional Items

0.00

Standalone Net Profit

262.65

35.34

643.21%

Operating Profit Margin (Excl OI)

21.30%

15.91%

5.39%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Mar'25

Mar'25

Change(%)

Net Sales

2,388.70

Operating Profit (PBDIT) excl Other Income

403.23

Interest

124.67

Exceptional Items

0.00

Standalone Net Profit

118.18

Operating Profit Margin (Excl OI)

16.88%

NA%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

3,415.45

2,440.82

39.93%

Operating Profit (PBDIT) excl Other Income

490.57

391.78

25.22%

Interest

154.66

157.17

-1.60%

Exceptional Items

0.00

-11.64

100.00%

Standalone Net Profit

139.10

66.82

108.17%

Operating Profit Margin (Excl OI)

14.36%

16.05%

-1.69%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 39.93% vs 21.65% in Mar 2024

Standalone Net Profit

YoY Growth in year ended Mar 2025 is 108.17% vs 426.14% in Mar 2024

All Annual Results

Company CV

About Vikram Solar Ltd

Vikram Solar Ltd

Mid Cap

Other Electrical Equipment

No Details Available.

Company Coordinates

No Company Details Available

Vikram Solar

1Day

52 Week

CASH

FII

DII

Promoter

When is the next results date for Vikram Solar?

Watch in Real-Time

How has been the historical performance of Vikram Solar?

Is Vikram Solar overvalued or undervalued?

Which are the latest news on Vikram Solar?

Why is Vikram Solar falling/rising?

MarketsMojo — Loved in India, Now Global

Dashboard

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

How has been the historical performance of Vikram Solar?

How has been the historical performance of Vikram Solar?

Announcements

General Update Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Mar'25

Annual Results Snapshot (Standalone) - Mar'25

About Vikram Solar Ltd

Company Coordinates