Vikram Solar Limited
NSE: VIKRAMSOLRINE078V01014·Capital GoodsMicrocap 250·www.vikramsolar.com ↗·Mcap ₹5,923 Cr·Listed 2025
₹160.31▼ ₹0.11  (−0.07%)
52W: ₹155 – ₹354 · Vol: 9.0L shares · Close 25 Sept
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Annual report FY26 — 9.58 MB · Shareholding pattern — Jun 2026 · All filings
AI equity note (bull/bear, numbers, sources) — coming soon
Management guidance consistency — coming soon

Latest filings

NSE announcements · newest first
Schedule of meet
Investor meet17 Sept 2026 PDF
Press release dated September 15, 2026, which is self explanatory..
Press release15 Sept 2026 PDF
All filings →
P/E (TTM)
16.3×
EPS ₹9.85
P / Book
1.83×
BVPS ₹87
ROE
14.9%
FY26, avg equity
Net margin
9.8%
FY26
Revenue YoY
+37.9%
Q1 FY27
Net profit YoY
−85.2%
Q1 FY27
Debt / equity
0.03×
₹100 Cr debt
Div. yield
–
no dividend in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoters
63.0%—
FIIs
3.4%▲ 0.43
DIIs
4.0%▼ 0.77
Retail
22.5%▲ 1.84
Others
7.1%▼ 1.50
Promoter pledge: none reported
Peer Comparison
CompanyP/EP/BROEMargin
UTLSOLAR₹12,934 Cr43.9×10.16×23.9%11.5%
WAAREERTL₹8,691 Cr17.0×9.30×68.9%14.4%
GENUSPOWER₹8,459 Cr13.0×3.81×29.0%12.5%
VIKRAMSOLR₹5,809 Cr16.3×1.83×14.9%9.8%
SAATVIKGL₹5,433 Cr21.9×3.99×26.2%7.9%
RAMRAT₹5,321 Cr37.0×9.18×20.9%2.1%
Other Electrical Equipment: the companies closest in market value, of the 29 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags1 Watch
Results were filed late in 1 of the last 5 quarters
Slowest filing came 71 days after the period end.
5 checks within their thresholds
Debt to equity is 0.03×
As at 2026-03-31.
Profit before interest and tax covers finance costs 5.0×
FY26.
Other income is 9% of profit before tax
FY26.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice. 4 checks not run for lack of data.
Formula Scores
Piotroski F-score: not computed · FY to 2026-03-31
needs two years of results and both years' balance sheets
Altman Z-score: 3.74 · FY to 2026-03-31
Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
  • working capital / total assets: 0.305 × 1.2
  • retained earnings / total assets: 0.49 × 1.4 — reserves and surplus as retained earnings
  • EBIT / total assets: 0.141 × 3.3 — profit before tax plus finance cost
  • market value of equity / total liabilities: 2.313 × 0.6 — market capitalisation over total assets less equity
  • sales / total assets: 0.838 × 1
Inputs: total assets ₹5,728 Cr (2026-03-31) · current assets ₹3,727 Cr (2026-03-31) · current liabilities ₹1,978 Cr (2026-03-31) · reserves ₹2,805 Cr (2026-03-31) · total equity ₹3,168 Cr (2026-03-31) · profit before tax ₹647 Cr (2026-03-31) · finance cost ₹161 Cr (2026-03-31) · revenue ₹4,802 Cr (2026-03-31) · market capitalisation (today) ₹5,923 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 163.56 ₹ per share · FY to 2026-03-31
√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
  • earnings per share: 13.6
  • book value per share: 87.43 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 13.6 (2026-03-31) · owners' equity ₹3,168 Cr (2026-03-31) · paid-up capital ₹362 Cr (2026-03-31) · face value 10 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: -2.78 % of assets · FY to 2026-03-31
(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹470 Cr (2026-03-31) · operating cash flow ₹630 Cr (2026-03-31) · total assets ₹5,728 Cr (2026-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.