Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
Solar photovoltaic module manufacturer producing mono PERC and newer-technology (TOPCon/heterojunction-class) modules at facilities in West Bengal and Tamil Nadu, supplying utility-scale developers, C&I and rooftop segments in India and exports including the US. One of India's older module brands, listed via a 2025 IPO, with announced plans to add backward-integrated cell capacity. Revenue is driven by domestic ALMM-qualified module demand and export orders.
Among India's established large solar module manufacturers by installed capacity.
Vikram Solar Ltd. is a constituent of NIFTY MICROCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from Vikram Solar Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 13.68 | 4.61 | — |
| Book value / share (₹) | 87.43 | — | — |
| Return on equity | 14.8% | 11.3% | 17.9% |
| Return on capital employed | 20.1% | 23.4% | 22.4% |
| Operating margin | 15.7% | 9.8% | 10.4% |
| Net margin | 9.8% | 4.1% | 3.2% |
| EBITDA | ₹917 Cr | ₹492 Cr | ₹399 Cr |
| Free cash flow | ₹-93 Cr | ₹299 Cr | ₹152 Cr |
| Total debt | ₹100 Cr | ₹231 Cr | ₹610 Cr |
| Debt to equity | 0.03 | 0.19 | 1.37 |
| Interest coverage | 4.7 | 2.2 | 1.7 |
| Current ratio | 1.88 | 1.55 | 1.39 |
| Shares outstanding | 36,23,30,000 | — | — |
Open the full income statement, balance sheet and cash flow for VIKRAMSOLR →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.