Vikram Solar Financials
NSE: VIKRAMSOLR | BSE: 544488
₹169.15
As on 02-Sep-2026IST
Market cap
₹6,124 Cr
Revenue (TTM)
₹5,232 Cr
P/E Ratio
17.2
P/B Ratio
1.9
Div. Yield
0 %
Income Statement (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
5,231.77
|
4,802.25
|
3,423.45
|
2,510.99
|
2,073.23
|
1,730.31
|
|||||
|
Total Income
|
5,298.72
|
4,860.78
|
3,459.53
|
2,523.96
|
2,091.91
|
1,743.05
|
|||||
|
Total Expenditure
|
4,431.33
|
3,885.63
|
2,931.44
|
2,112.41
|
1,887.05
|
1,671.63
|
|||||
|
EBITDA
|
800.44
|
916.62
|
492.01
|
398.58
|
186.18
|
58.68
|
|||||
|
Depreciation
|
192.52
|
162.01
|
156.00
|
138.01
|
63.94
|
47.98
|
|||||
|
EBIT
|
607.92
|
754.61
|
336.01
|
260.57
|
122.24
|
10.70
|
|||||
|
Interest
|
177.70
|
160.56
|
154.72
|
154.62
|
122.05
|
102.87
|
|||||
|
Other Income
|
66.95
|
58.53
|
36.07
|
12.97
|
18.68
|
12.74
|
|||||
|
Exceptional Items
|
-5.62
|
-5.62
|
--
|
-11.64
|
--
|
--
|
|||||
|
Profit before Tax
|
491.56
|
646.96
|
217.36
|
107.28
|
18.87
|
-79.44
|
|||||
|
Provision for Tax
|
134.72
|
176.54
|
77.53
|
27.57
|
4.38
|
-16.50
|
|||||
|
Profit after Tax
|
356.83
|
470.42
|
139.83
|
79.72
|
14.49
|
-62.94
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Share of Associate
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
356.83
|
470.42
|
139.83
|
79.72
|
14.49
|
-62.94
|
Liabilities (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
3,167.76
|
3,167.76
|
1,241.99
|
445.42
|
365.20
|
351.29
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Non-Current Liabilities
|
583.17
|
582.42
|
192.67
|
717.75
|
814.85
|
403.41
|
|||||
|
Current Liabilities
|
1,977.55
|
1,977.55
|
1,397.43
|
1,422.29
|
1,296.20
|
1,482.34
|
|||||
|
Total Liabilities
|
5,728.48
|
5,727.72
|
2,832.08
|
2,585.45
|
2,476.29
|
2,237.23
|
Assets (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
978.03
|
2,000.59
|
819.79
|
607.19
|
723.31
|
617.79
|
|||||
|
Current Assets
|
3,727.13
|
3,727.13
|
2,012.29
|
1,978.27
|
1,752.94
|
1,619.25
|
|||||
|
Total Assets
|
5,728.48
|
5,727.72
|
2,832.08
|
2,585.45
|
2,476.29
|
2,237.23
|
|||||
|
Total Debt*
|
--
|
100.07
|
230.67
|
808.33
|
737.79
|
703.11
|
|||||
|
Net Current Assets
|
1,749.59
|
1,749.59
|
614.86
|
555.98
|
456.73
|
136.91
|
|||||
|
Contingent Liabilities
|
--
|
61.58
|
257.77
|
52.65
|
46.29
|
47.53
|
Cashflow (₹ Cr) |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
--
|
629.55
|
281.16
|
152.02
|
195.43
|
201.35
|
|||||
|
Cash Flow from Investing Activities
|
--
|
-1,748.03
|
-155.71
|
-63.69
|
-110.51
|
-154.89
|
|||||
|
Cash from Financing Activities
|
--
|
1,114.83
|
-95.33
|
-81.03
|
-102.22
|
-36.22
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
-3.65
|
30.12
|
7.31
|
-17.30
|
10.24
|
Financials Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (₹)
|
9.96
|
12.98
|
4.42
|
3.08
|
0.56
|
-2.43
|
|||||
|
Cash EPS (₹)
|
9.85
|
17.45
|
9.35
|
8.41
|
3.03
|
-0.58
|
|||||
|
Adjusted Book Value (₹)
|
87.48
|
86.94
|
39.05
|
17.21
|
14.11
|
13.57
|
|||||
|
Dividend per Share (₹)
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Cash Flow per Share (₹)
|
--
|
17.38
|
8.88
|
5.87
|
7.55
|
7.78
|
|||||
|
Free Cash Flow per Share (₹)
|
--
|
-7.33
|
-2.12
|
-6.32
|
-2.00
|
-0.87
|
Profitability Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
--
|
34.07
|
27.29
|
22.23
|
13.06
|
2.24
|
|||||
|
ROE (%)
|
11.79
|
21.45
|
16.63
|
19.67
|
4.05
|
-16.44
|
|||||
|
ROA (%)
|
12.46
|
10.99
|
5.16
|
3.15
|
0.61
|
-3.12
|
|||||
|
EBIT Margin (%)
|
11.62
|
15.71
|
9.81
|
10.38
|
5.90
|
0.62
|
|||||
|
Net Margin (%)
|
6.73
|
9.68
|
4.04
|
3.16
|
0.69
|
-3.61
|
|||||
|
Cash Profit Margin (%)
|
--
|
13.17
|
8.64
|
8.67
|
3.78
|
-0.86
|
Growth Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
33.26
|
40.28
|
36.34
|
21.11
|
19.82
|
7.46
|
|||||
|
EBIT Growth (%)
|
29.20
|
124.58
|
28.95
|
113.16
|
1,042.76
|
-92.25
|
|||||
|
Net Profit Growth (%)
|
44.07
|
236.42
|
75.41
|
450.12
|
123.02
|
-264.79
|
|||||
|
EPS Growth (%)
|
24.60
|
193.90
|
43.43
|
450.08
|
123.03
|
-264.79
|
|||||
|
Book Value Growth (%)
|
--
|
154.88
|
177.48
|
21.97
|
3.96
|
-15.23
|
Valuation Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Price / Earnings
|
17.16
|
13.71
|
--
|
--
|
--
|
--
|
|||||
|
Price / Book Value
|
1.93
|
2.05
|
--
|
--
|
--
|
--
|
|||||
|
Dividend Yield (%)
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
EV/EBITDA
|
5.73
|
5.43
|
0.68
|
2.31
|
4.36
|
11.57
|
|||||
|
Close Price (₹)
|
179.66
|
177.67
|
--
|
--
|
--
|
--
|
|||||
|
High Price (₹)
|
407.95
|
407.95
|
--
|
--
|
--
|
--
|
|||||
|
Low Price (₹)
|
162.10
|
162.10
|
--
|
--
|
--
|
--
|
|||||
|
Market Cap (₹ Cr)
|
6,123.79
|
6,449.42
|
--
|
--
|
--
|
--
|
Solvency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
--
|
0.03
|
0.19
|
1.81
|
2.02
|
2.00
|
|||||
|
Short term debt to equity ratio
|
--
|
0.03
|
0.09
|
1.27
|
1.30
|
1.08
|
|||||
|
Current Ratio
|
1.88
|
1.88
|
1.44
|
1.39
|
1.35
|
1.09
|
|||||
|
Quick Ratio
|
1.47
|
1.47
|
1.13
|
1.11
|
1.06
|
0.91
|
|||||
|
Interest Coverage
|
3.77
|
5.03
|
2.40
|
1.69
|
1.15
|
0.23
|
Operating Efficiency Ratios |
TTM | Mar-26 | Mar-25 | Mar-24 | Mar-23 | Mar-22 | Mar-21 | Mar-20 | Mar-19 | Mar-18 | Mar-17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
23.21
|
25.29
|
35.89
|
47.21
|
46.25
|
53.02
|
|||||
|
Asset Turnover
|
1.83
|
1.12
|
1.26
|
0.99
|
0.88
|
0.86
|
|||||
|
Receivable days
|
--
|
92.84
|
128.68
|
155.85
|
165.18
|
174.39
|
|||||
|
Inventory Days
|
--
|
47.57
|
43.82
|
55.72
|
56.18
|
48.30
|
|||||
|
Payable days
|
--
|
17.73
|
26.59
|
44.66
|
55.32
|
106.44
|
|||||
|
Cash Conversion Cycle
|
--
|
122.68
|
145.91
|
166.91
|
166.04
|
116.25
|