Vikram Solar financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹1,563cr+37.9% on Q1 FY26
Net profit
₹19.8cr−85.2% on Q1 FY26
EBITDA margin
8.1%−13.3 pts on Q1 FY26
EPS
₹0.55−86.9% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue1,5631,134+37.9%
EBITDA126242−48.0%
EBITDA margin8.1%21.4%−13.3 pts
Profit before tax25.2181−86.0%
Net profit19.8133−85.2%
EPS₹0.55₹4.21−86.9%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹1,563 crNet profit₹19.8 crNet margin1.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024
4,624———
35.835.839.28.9
100100231610
4,689———
5,2324,8023,4232,511
—+40.3%+36.3%—
800917492399
15.3%19.1%14.4%15.9%
608755336261
35747014079.7
6.8%9.8%4.1%3.2%
₹9.85₹12.98₹3.86₹2.20
—+236.4%+75.4%—
—630299152
—−722——
−92.5−92.5299152
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

VIKRAMSOLR₹127.63

Vikram Solar Ltd.

· Capital Goods & Defence
₹ CrorePeersWAAREEENERPREMIERENEWEBELSOLARVOLTAMPUTLSOLARWAAREERTLTRANSRAILLTIMETECHNOMcap ₹4,624 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization———4,624.4
- Cash, Equiv & ST Investments8.939.235.835.8
+ Total Debt609.7230.7100.1100.1
Enterprise Value———4,688.7
Revenue2,511.03,423.54,802.35,231.8
Growth %, YoY—+36.3+40.3—
EBITDA398.6492.0916.6800.4
Margin %15.8714.3719.0915.30
EBIT260.6336.0754.6607.9
Net Income79.7139.8470.4356.8
Margin %3.174.089.806.82
EPS, Adj (current shares)2.203.8612.989.85
Growth %, YoY—+75.4+236.4—
Cash from Operations152.0298.7629.5—
Capital Expenditures——-722.1—
Free Cash Flow152.0298.7-92.5-92.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Vikram Solar financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Vikram Solar (NSE: VIKRAMSOLR) had a market capitalisation of ₹4,540 crore at the 30 October 2026 close (₹125.29 a share), a PE ratio of 12.7 on the last four quarters' profit and a price-to-book ratio of 1.43. In FY26 its consolidated net profit was ₹470 crore on revenue of ₹4,802 crore; in Q1 FY27 (April–June 2026) it was ₹19.8 crore, down 85.2% year on year. Its debt-to-equity ratio was 0.03 on 31 March 2026. Promoters held 63.01% of the shares on 30 September 2026.

Vikram Solar Q1 FY27 results
filed 6 August 2026
Share price used
₹125.29 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Vikram Solar at a glance · consolidated

Market cap
₹4,540 Crat ₹125.29 · 30 Oct close
PE ratio (last 4 quarters)
12.79.7 on FY26 profit
Price to book (PB)
1.43book value ₹87.42 a share
ROE (FY26)
21.3%ROCE 29.1%
Debt to equity
0.03net cash ₹1,157 Cr
Promoter holding
63.01%unchanged vs 30 Jun 202630 September 2026
Net worth
₹3,168 Cr31 March 2026
Free cash flow (FY26)
−₹92.5 Cr
EPS (FY26)
₹13.68

Questions

What is the Vikram Solar PE ratio today?

Vikram Solar's PE ratio is 12.7 at the 30 October 2026 close (₹125.29 a share): a market capitalisation of ₹4,540 crore divided by consolidated net profit of ₹357 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹470 crore) it is 9.7.

What is the Vikram Solar PB ratio (price to book value)?

Vikram Solar's price-to-book (PB) ratio is 1.43 at the 30 October 2026 close: a market capitalisation of ₹4,540 crore divided by shareholders' equity (book value) of ₹3,168 crore on 31 March 2026. That is a book value of ₹87.42 per share against a share price of ₹125.29.

What is the Vikram Solar net worth?

Vikram Solar's net worth — shareholders' equity in its consolidated balance sheet — was ₹3,168 crore on 31 March 2026. Its market value is a different figure: a market capitalisation of ₹4,540 crore at the 30 October 2026 close.

What is the Vikram Solar market cap?

Vikram Solar's market capitalisation was ₹4,540 crore at the 30 October 2026 close: 36.24 crore shares at ₹125.29 each.

Is Vikram Solar debt free?

No. Vikram Solar had borrowings of ₹100 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.03. Its cash and current investments were ₹1,257 crore, so it held net cash of ₹1,157 crore.

What is the Vikram Solar debt to equity ratio?

Vikram Solar's debt-to-equity ratio was 0.03 on 31 March 2026: borrowings of ₹100 crore against total equity of ₹3,168 crore.

What is the Vikram Solar ROE and ROCE?

In FY26, Vikram Solar's return on equity (ROE) was 21.3% and its return on capital employed (ROCE) was 29.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).

What is the Vikram Solar shareholding pattern?

On 30 September 2026, Vikram Solar's shares were held by promoters 63.01%, foreign portfolio investors (FII/FPI) 3.10%, domestic institutions (DII) 3.66% (including mutual funds at 3.37%) and retail and other non-institutional investors 30.23%. Over the year, FII holding was up 1.01 percentage points from 2.09% and DII holding was down 2.54 percentage points from 6.20%.

What are the Vikram Solar latest quarterly results?

Vikram Solar's latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net profit ₹19.8 crore, down 85.2% from ₹133 crore in Q1 FY26; revenue from operations ₹1,563 crore, up 37.9% year on year.

What is the Vikram Solar book value per share?

Vikram Solar's book value per share was ₹87.42 on 31 March 2026: shareholders' equity of ₹3,168 crore divided by the 36.24 crore shares in issue. The share price at the 30 October 2026 close was ₹125.29.

What is the Vikram Solar promoter holding?

Promoters held 63.01% of Vikram Solar on 30 September 2026, unchanged from the previous quarter and down 0.11 percentage points from 63.12% a year earlier, according to the shareholding pattern filed with NSE.

When are the Vikram Solar next results?

Vikram Solar has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Vikram Solar EPS?

Vikram Solar's basic earnings per share (EPS) were ₹13.68 in FY26, against ₹4.61 in FY25.

What is the Vikram Solar free cash flow?

In FY26, Vikram Solar generated ₹630 crore of cash from operations and spent ₹722 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹92.5 crore. In FY25 it was ₹299 crore.

What is the Vikram Solar revenue and profit in FY26?

In FY26 (April 2025–March 2026), Vikram Solar's consolidated net profit was ₹470 crore, up 236.4% from ₹140 crore in FY25, on revenue from operations of ₹4,802 crore (up 40.3%).

How does Vikram Solar compare with its peers?

On FY26 consolidated figures, against Waaree Energies, Premier Energies and Websol Energy System: Vikram Solar's operating margin of 15.7% is the lowest of the four (Waaree Energies 18.5%, Premier Energies 24.6%, Websol Energy System 35.0%; peer average 26.0%); its return on equity of 21.3% is the lowest of the four (Waaree Energies 31.0%, Premier Energies 42.4%, Websol Energy System 66.7%; peer average 46.7%).

How does the Vikram Solar PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Vikram Solar's PE ratio is 9.7, the third highest of the four: Waaree Energies 17.9, Premier Energies 26.3 and Websol Energy System 9.4, a peer average of 17.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Vikram Solar vs Waaree Energies: how do they compare?

In FY26, Vikram Solar earned net profit of ₹470 crore on revenue of ₹4,802 crore, against ₹3,711 crore on ₹26,537 crore for Waaree Energies. Vikram Solar's operating margin was 15.7% (Waaree Energies 18.5%) and its return on equity 21.3% (Waaree Energies 31.0%). At the 30 October 2026 close, Vikram Solar's market capitalisation was ₹4,540 crore against ₹66,275 crore for Waaree Energies, and its PE ratio on FY26 profit 9.7 against 17.9.

Where do these Vikram Solar figures come from?

From Vikram Solar's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.