Vikram Solar Peer Comparison
NSE: VIKRAMSOLR | BSE: 544488
₹128.21
As on 29-Oct-2026 14:44IST
Market cap
₹4,660 Cr
Revenue (TTM)
₹5,232 Cr
P/E Ratio
13.1
P/B Ratio
1.5
Div. Yield
0 %
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
4,660 | 16,900 | 11,596 | 4,423 | 3,237 |
Revenue (₹ Cr) |
5,232 | 6,023 | 3,403 | 4,144 | 2,747 |
Net Profit (₹ Cr) |
356.83 | 1,418.35 | 294.33 | 247.74 | 224.40 |
Net Margin (%) |
6.73 | 23.39 | 8.63 | 5.92 | 7.95 |
RoE (%) |
11.79 | 35.09 | 44.55 | 19.60 | 14.08 |
Price to Earnings |
13.06 | 11.92 | 39.40 | 17.83 | 14.64 |
Price-To-Book |
1.47 | 3.85 | 8.62 | 3.25 | 2.00 |
Income Statement (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Operating Revenue
|
5,231.77 | 779.28 | 3,402.85 | 2,217.66 | 2,724.78 |
|
Total Income
|
5,298.72 | 962.06 | 3,410.28 | 2,341.78 | 2,782.89 |
|
Total Expenditure
|
4,431.33 | 817.05 | 2,763.63 | 2,213.50 | 2,239.06 |
|
EBITDA
|
800.44 | -37.77 | 639.22 | 4.16 | 485.72 |
|
Depreciation
|
192.52 | 21.55 | 62.20 | 17.59 | 91.60 |
|
EBIT
|
607.92 | -59.32 | 577.02 | -13.43 | 394.12 |
|
Interest
|
177.70 | 2.67 | 45.11 | 23.06 | 168.06 |
|
Other Income
|
66.95 | 182.78 | 7.43 | 124.12 | 58.11 |
|
Exceptional Items
|
-5.62 | 0.00 | -143.58 | -3.95 | 0.00 |
|
Profit before Tax
|
491.56 | 120.78 | 395.76 | 83.68 | 284.16 |
|
Provision for Tax
|
134.72 | 33.47 | 101.42 | 22.05 | 71.99 |
|
Profit after Tax
|
356.83 | 87.31 | 294.33 | 61.63 | 212.17 |
Liabilities (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
3,167.76 | 2,653.24 | 1,273.36 | 1,004.54 | 1,609.95 |
|
Minority Interest
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
|
Non-Current Liabilities
|
583.17 | 4.63 | 251.07 | 21.01 | 961.24 |
|
Current Liabilities
|
1,977.55 | 244.41 | 819.13 | 463.05 | 813.78 |
|
Total Liabilities
|
5,727.72 | -- | 2,343.56 | -- | -- |
Assets (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
978.03 | 2,561.14 | 795.33 | 685.53 | 1,989.65 |
|
Current Assets
|
3,727.13 | 318.77 | 1,409.40 | 788.93 | 1,160.70 |
|
Total Assets
|
5,727.72 | -- | 2,343.56 | -- | -- |
|
Total Debt*
|
100.07 | -- | 461.49 | -- | -- |
|
Net Current Assets
|
1,749.59 | 74.35 | 590.28 | 325.88 | 346.92 |
|
Contingent Liabilities
|
61.58 | -- | 9.78 | -- | -- |
Cashflow (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
629.55 | -- | -2.89 | -- | -- |
|
Cash Flow from Investing Activities
|
-1,748.03 | -- | -519.70 | -- | -- |
|
Cash from Financing Activities
|
1,114.83 | -- | 653.82 | -- | -- |
|
Net Cash Inflow / Outflow
|
-3.65 | -- | 131.23 | -- | -- |
Ratios
Profitability Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
ROCE (%)
|
34.07 | -- | 36.46 | -- | -- |
|
ROE (%)
|
11.79 | 3.27 | 44.55 | 6.59 | 13.59 |
|
ROA (%)
|
12.46 | 4.61 | 25.12 | 8.28 | 6.32 |
|
EBIT Margin (%)
|
11.62 | -7.61 | 16.96 | -0.61 | 14.46 |
|
Net Margin (%)
|
6.73 | 9.08 | 8.63 | 2.63 | 7.62 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
33.26 | -51.96 | 94.97 | 8.72 | 59.81 |
|
EBIT Growth (%)
|
29.20 | -133.96 | 116.73 | -109.25 | 80.07 |
|
Net Profit Growth (%)
|
42.53 | -42.56 | 62.88 | -53.76 | 51.67 |
|
EPS Growth (%)
|
25.94 | -50.75 | 144.62 | -57.85 | 18.54 |
|
Book Value Growth (%)
|
154.88 | -- | 221.59 | -- | -- |
Valuation Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Price / Earnings
|
12.83 | 193.29 | 27.96 | 68.66 | 15.19 |
|
Price / Book Value
|
1.46 | 6.36 | 8.47 | 4.41 | 2.00 |
|
Dividend Yield (%)
|
0.00 | 0.41 | 0.00 | 0.00 | 0.00 |
|
EV/EBITDA
|
4.34 | -441.35 | 18.32 | 1,257.63 | 9.83 |
|
Market Cap (₹ Cr)
|
6,449.42 | -- | 6,013.52 | -- | -- |
Solvency Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.00 | 0.00 | 0.11 | 0.00 | 0.50 |
|
Short term debt to equity ratio
|
0.03 | -- | 0.22 | -- | -- |
|
Current Ratio
|
1.88 | 1.30 | 1.72 | 1.70 | 1.43 |
|
Quick Ratio
|
1.47 | 1.04 | 0.61 | 1.26 | 1.18 |
|
Interest Coverage
|
3.77 | 46.17 | 9.77 | 4.63 | 2.69 |
Operating Efficiency Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
23.21 | 6.73 | 4.12 | 14.25 | 13.49 |
|
Asset Turnover
|
1.83 | 0.41 | 2.90 | 2.98 | 0.81 |
|
Receivable days
|
92.84 | -- | 14.67 | -- | -- |
|
Inventory Days
|
47.57 | -- | 88.86 | -- | -- |
|
Payable days
|
17.73 | -- | 47.63 | -- | -- |
|
Cash Conversion Cycle
|
122.68 | -- | 55.90 | -- | -- |