VIKRAMSOLR Share Price | Vikram Solar Ltd Stock Analysis & Recommendation

Q: 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 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.

Q: Is Vikram Solar overvalued or undervalued?

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%. 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.

Q: Why is Vikram Solar Ltd falling/rising?

As of 29-Jan, Vikram Solar Ltd's stock price is falling, currently at Rs 198.65, reflecting a decrease of Rs 3.9 or 1.93%. The stock has underperformed compared to the sector, which has gained by 4.06%. Over the past week, Vikram Solar's stock has declined by 2.43%, while the benchmark Sensex has increased by 0.31%. In the last month, the stock has experienced a significant drop of 17.71%, compared to a smaller decline of 2.51% in the Sensex. Year-to-date, Vikram Solar's stock is down 16.53%, while the Sensex has only fallen by 3.11%. This trend indicates a consistent underperformance relative to the market.Today's trading activity shows that the stock has touched an intraday low of Rs 197.25, which is a decrease of 2.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 55.5% compared to the 5-day average. This lack of interest may further contribute to the stock's downward pressure. Overall, these factors indicate that Vikram Solar Ltd is currently facing challenges that are leading to a decline in its stock price.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

8.44 lacs (-50.76%) 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.

View full answer

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.

View full answer

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.

View full answer

Which are the latest news on Vikram Solar?

29-Jan-2026

When is the next results date for Vikram Solar Ltd?

Why is Vikram Solar Ltd falling/rising?

30-Jan-2026

As of 29-Jan, Vikram Solar Ltd's stock price is at Rs 198.65, down 1.93%, and has consistently underperformed against the sector and benchmark indices over various time frames. The stock is experiencing a bearish trend with declining investor participation and is trading below all key moving averages.

View full answer

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Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

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Stock DNA

Industry

Other Electrical Equipment

Market cap

INR 7,243 Cr (Mid Cap)

P/E

52.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.49

Return on Equity

4.70%

Price to Book

2.48

Revenue and Profits:

Net Sales:

1,106 Cr

(Quarterly Results - Dec 2025)

Net Profit:

98 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-39.52%

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

When is the next results date for Vikram Solar Ltd?

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

Read full news article

Announcements

No announcement available

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

6.53%

ROCE (avg)

23.41%

ROE (avg)

10.18%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.43

EV to EBIT

17.20

EV to EBITDA

11.73

EV to Capital Employed

3.79

EV to Sales

1.69

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 : Dec 2025

Shareholding Compare (%holding)

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%

Financial

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          "field": "Standalone Net Profit",
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "15.91%",
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        "Dec'24",
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          "val2": "2,232.24",
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          "field": "Operating Profit (PBDIT) excl Other Income",
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          "val2": "279.14",
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          "field": "Standalone Net Profit",
          "val1": "359.09",
          "val2": "56.26",
          "chgp": "538.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "20.34%",
          "val2": "12.50%",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

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.

Compare with Peers

Net Sales

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

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is -24.80% vs -4.60% in Sep 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) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

3,350.84

2,232.24

50.11%

Operating Profit (PBDIT) excl Other Income

681.56

279.14

144.16%

Interest

103.93

109.43

-5.03%

Exceptional Items

-5.62

0.00

Standalone Net Profit

359.09

56.26

538.27%

Operating Profit Margin (Excl OI)

20.34%

12.50%

7.84%

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

How has been the historical performance of Vikram Solar?

Watch in Real-Time

Is Vikram Solar overvalued or undervalued?

When is the next results date for Vikram Solar Ltd?

Which are the latest news on Vikram Solar?

Why is Vikram Solar Ltd falling/rising?

Compare Vikram Solar with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

When is the next results date for Vikram Solar Ltd?

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

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

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'25

Annual Results Snapshot (Standalone) - Mar'25

About Vikram Solar Ltd

Company Coordinates