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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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q1 FY26
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26
Revenue from operations1,5631,4531,1061,1101,134
Other income12.618.220.215.94.2
Total expenses1,5501,332978941957
EBITDA126235205235242
EBITDA margin8.1%16.1%18.5%21.2%21.4%
Finance costs49.456.640.231.632.3
Depreciation6457.136.534.933.5
Profit before tax25.2139143184181
Tax5.428.644.75647.3
Net profit19.811098.1128133
Net margin1.3%7.6%8.9%11.6%11.8%
EPS (₹)0.553.052.713.834.21
Net profit YoY−85.2%––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26
Revenue from operations4,802
Other income58.5
Total expenses4,208
EBITDA917
EBITDA margin19.1%
Finance costs161
Depreciation162
Profit before tax647
Tax177
Net profit470
Net margin9.8%
EPS (₹)13.68
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26
Operating cash flow630
Investing cash flow−1,748
Financing cash flow1,115
Capital expenditure722
Free cash flow (CFO − capex)−92.5

Net profit trend

annual, ₹ crore
FY26
₹470

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated6 Aug 2026 PDF XBRL
Q1 FY27Standalone6 Aug 2026 PDF XBRL
Q4 FY26Consolidated · audited–PDF on NSE XBRL
Q4 FY26Consolidated · audited7 May 2026PDF on NSE XBRL
Q4 FY26Standalone · audited–PDF on NSE XBRL
Q4 FY26Standalone · audited7 May 2026PDF on NSE XBRL
Q3 FY26Consolidated–PDF on NSE XBRL
Q3 FY26Consolidated20 Jan 2026 PDF XBRL
Q3 FY26Standalone20 Jan 2026 PDF XBRL
Q2 FY26Consolidated16 Oct 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 13.7×16.3×
P/B5Y avg 2.96×1.83×
ROEFY26, on average equity14.9%
Net margin9.8%
Debt / equity0.03×
Revenue CAGR (3Y)–
Profit CAGR (3Y)–
EPS (TTM)₹9.85
Market cap₹5,809 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
1.83×
vs 2-point avg 2.96× (−38%)
1.83× low2.96× avg3.88× high
History points are balance-sheet dates (2025 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹5,728 Cr
Net worth₹3,168 Cr
Total borrowings₹100 Cr
Cash & bank balances₹36 Cr
Investments₹0 Cr
Inventories₹823 Cr
Trade receivables₹1,214 Cr
Trade payables₹1,564 Cr
Change vs the same date a year earlier.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Aug 25
Promoter63.0163.0163.0163.1263.12
FII3.372.941.832.093.04
DII4.034.804.716.206.39
of which MF3.663.843.464.163.01
Retail22.4620.6220.8716.9617.58
Other public7.138.639.5811.639.87
3,03,976 shareholders · NSE shareholding pattern filings.