Vikram Solar Peer Comparison
NSE: VIKRAMSOLR | BSE: 544488
₹151.40
As on 06-Oct-2026 12:49IST
Market cap
₹5,533 Cr
Revenue (TTM)
₹5,232 Cr
P/E Ratio
15.5
P/B Ratio
1.7
Div. Yield
0 %
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
5,533 | 20,531 | 12,999 | 5,093 | 3,836 |
Revenue (₹ Cr) |
5,232 | 5,578 | 3,403 | 4,144 | 2,051 |
Net Profit (₹ Cr) |
356.83 | 1,274.17 | 294.33 | 247.74 | 151.47 |
Net Margin (%) |
6.73 | 22.62 | 8.63 | 5.92 | 7.12 |
RoE (%) |
11.79 | 54.78 | 44.55 | 19.60 | 10.16 |
Price to Earnings |
15.51 | 16.11 | 44.16 | 20.53 | 25.84 |
Price-To-Book |
1.75 | 5.04 | 9.78 | 3.75 | 2.43 |
Income Statement (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Operating Revenue
|
5,231.77 | 5,577.57 | 3,402.85 | 2,217.66 | 2,050.50 |
|
Total Income
|
5,298.72 | 5,633.16 | 3,410.28 | 2,341.78 | 2,128.79 |
|
Total Expenditure
|
4,431.33 | 3,645.59 | 2,763.63 | 2,213.50 | 1,669.52 |
|
EBITDA
|
800.44 | 1,931.98 | 639.22 | 4.16 | 380.98 |
|
Depreciation
|
192.52 | 307.94 | 62.20 | 17.59 | 90.34 |
|
EBIT
|
607.92 | 1,624.05 | 577.02 | -13.43 | 290.63 |
|
Interest
|
177.70 | 112.63 | 45.11 | 23.06 | 166.27 |
|
Other Income
|
66.95 | 55.59 | 7.43 | 124.12 | 78.29 |
|
Exceptional Items
|
-5.62 | 0.00 | -143.58 | -3.95 | 0.00 |
|
Profit before Tax
|
491.56 | 1,567.01 | 395.76 | 83.68 | 202.66 |
|
Provision for Tax
|
134.72 | 292.84 | 101.42 | 22.05 | 51.19 |
|
Profit after Tax
|
356.83 | 1,274.17 | 294.33 | 61.63 | 151.47 |
Liabilities (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
3,167.76 | 3,694.94 | 1,273.36 | 1,004.54 | 1,520.33 |
|
Minority Interest
|
0.00 | 0.00 | 0.00 | 0.00 | -3.04 |
|
Non-Current Liabilities
|
583.17 | 592.88 | 251.07 | 21.01 | 1,115.28 |
|
Current Liabilities
|
1,977.55 | 1,484.68 | 819.13 | 463.05 | 1,084.73 |
|
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 | 2,494.60 | 795.33 | 685.53 | 2,247.79 |
|
Current Assets
|
3,727.13 | 3,059.68 | 1,409.40 | 788.93 | 1,478.75 |
|
Total Assets
|
5,727.72 | -- | 2,343.56 | -- | -- |
|
Total Debt*
|
100.07 | -- | 461.49 | -- | -- |
|
Net Current Assets
|
1,749.59 | 1,575.01 | 590.28 | 325.88 | 394.02 |
|
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 | 54.78 | 44.55 | 6.59 | 10.16 |
|
ROA (%)
|
12.46 | 44.15 | 25.12 | 8.28 | 8.02 |
|
EBIT Margin (%)
|
11.62 | 29.12 | 16.96 | -0.61 | 14.17 |
|
Net Margin (%)
|
6.73 | 22.62 | 8.63 | 2.63 | 7.12 |
|
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 | 84.07 | 94.97 | 8.72 | 1.80 |
|
EBIT Growth (%)
|
29.20 | 105.04 | 116.73 | -109.25 | 9.61 |
|
Net Profit Growth (%)
|
42.53 | 140.81 | 62.88 | -53.76 | -12.42 |
|
EPS Growth (%)
|
25.94 | 124.80 | 144.62 | -57.85 | -29.31 |
|
Book Value Growth (%)
|
154.88 | -- | 221.59 | -- | -- |
Valuation Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Price / Earnings
|
15.31 | 15.61 | 31.02 | 78.87 | 25.60 |
|
Price / Book Value
|
1.74 | 5.03 | 9.51 | 5.07 | 2.41 |
|
Dividend Yield (%)
|
0.00 | 0.34 | 0.00 | 0.00 | 0.00 |
|
EV/EBITDA
|
5.46 | 10.51 | 20.25 | 1,416.12 | 14.05 |
|
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 | 0.01 | 0.11 | 0.00 | 0.65 |
|
Short term debt to equity ratio
|
0.03 | -- | 0.22 | -- | -- |
|
Current Ratio
|
1.88 | 2.06 | 1.72 | 1.70 | 1.36 |
|
Quick Ratio
|
1.47 | 0.91 | 0.61 | 1.26 | 0.88 |
|
Interest Coverage
|
3.77 | 14.91 | 9.77 | 4.63 | 2.22 |
Operating Efficiency Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
23.21 | 12.46 | 4.12 | 14.25 | 19.81 |
|
Asset Turnover
|
1.83 | 1.93 | 2.90 | 2.98 | 1.09 |
|
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 | -- | -- |