Vikram Solar Peer Comparison
NSE: VIKRAMSOLR | BSE: 544488
₹172.71
As on 28-Aug-2026IST
Market cap
₹6,258 Cr
Revenue (TTM)
₹5,232 Cr
P/E Ratio
17.5
P/B Ratio
2
Div. Yield
0 %
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
6,258 | 22,429 | 13,803 | 5,384 | 3,717 |
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 |
17.54 | 17.60 | 46.90 | 21.70 | 25.04 |
Price-To-Book |
1.97 | 5.50 | 10.37 | 3.94 | 2.35 |
Income Statement (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Operating Revenue
|
4,802.25 | 2,335.61 | 1,540.68 | 2,158.39 | 1,727.51 |
|
Total Income
|
4,860.78 | 2,361.48 | 1,550.09 | 2,192.47 | 1,813.96 |
|
Total Expenditure
|
3,885.63 | 1,614.83 | 1,291.85 | 1,835.78 | 1,437.75 |
|
EBITDA
|
916.62 | 720.78 | 248.83 | 322.61 | 289.75 |
|
Depreciation
|
162.01 | 155.95 | 17.99 | 31.16 | 86.23 |
|
EBIT
|
754.61 | 564.83 | 230.84 | 291.45 | 203.53 |
|
Interest
|
160.56 | 107.88 | 27.13 | 45.10 | 160.02 |
|
Other Income
|
58.53 | 25.87 | 9.42 | 34.07 | 86.45 |
|
Exceptional Items
|
-5.62 | -- | -- | -- | -- |
|
Profit before Tax
|
646.96 | 482.82 | 213.12 | 280.42 | 129.95 |
|
Provision for Tax
|
176.54 | 113.81 | 56.79 | 66.49 | 33.08 |
|
Profit after Tax
|
470.42 | 369.01 | 156.34 | 213.93 | 96.87 |
Liabilities (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
3,167.76 | 536.80 | 396.82 | 337.66 | 1,520.33 |
|
Minority Interest
|
-- | -- | -- | -- | 58.00 |
|
Non-Current Liabilities
|
582.42 | 2,027.33 | 165.27 | 188.17 | 1,115.28 |
|
Current Liabilities
|
1,977.55 | 1,404.49 | 451.87 | 1,139.09 | 1,084.73 |
|
Total Liabilities
|
5,727.72 | 3,968.62 | 1,013.96 | 1,673.06 | 3,778.34 |
Assets (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
2,000.59 | 2,228.94 | 446.84 | 366.34 | 2,299.59 |
|
Current Assets
|
3,727.13 | 1,739.68 | 567.12 | 1,298.58 | 1,478.75 |
|
Total Assets
|
5,727.72 | 3,968.62 | 1,013.96 | 1,673.06 | 3,778.34 |
|
Total Debt*
|
100.07 | 1,949.69 | 346.22 | 458.10 | 1,645.75 |
|
Net Current Assets
|
1,749.59 | 335.19 | 115.25 | 159.49 | 394.02 |
|
Contingent Liabilities
|
61.58 | 19.28 | 1.27 | 626.81 | -- |
Cashflow (₹ Cr)
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
629.55 | 613.75 | 18.14 | 42.60 | -295.63 |
|
Cash Flow from Investing Activities
|
-1,748.03 | -985.67 | -118.13 | -198.14 | -413.45 |
|
Cash from Financing Activities
|
1,114.83 | 408.13 | 104.00 | 148.60 | 647.56 |
|
Net Cash Inflow / Outflow
|
-3.65 | 36.22 | 4.01 | -6.94 | -61.52 |
Ratios
Profitability Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
ROCE (%)
|
34.07 | 28.84 | 40.63 | 55.18 | 10.57 |
|
ROE (%)
|
21.45 | 104.60 | 49.33 | 93.90 | 8.46 |
|
ROA (%)
|
10.99 | 11.98 | 19.26 | 18.13 | 2.85 |
|
EBIT Margin (%)
|
20.31 | 31.97 | 16.76 | 16.53 | 21.78 |
|
Net Margin (%)
|
9.68 | 15.63 | 10.09 | 9.76 | 5.34 |
|
Cash Profit Margin (%)
|
13.17 | 22.48 | 11.31 | 11.36 | 10.60 |
Growth Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
40.28 | 145.35 | 66.62 | 98.39 | -9.45 |
|
EBIT Growth (%)
|
84.66 | 507.29 | 154.73 | 125.48 | 1.69 |
|
Net Profit Growth (%)
|
236.42 | 1,176.91 | 245.09 | 112.93 | -33.94 |
|
EPS Growth (%)
|
193.90 | 1,176.91 | 244.62 | 92.96 | -45.92 |
|
Book Value Growth (%)
|
154.88 | 218.08 | 65.90 | 177.60 | 97.70 |
Valuation Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Price / Earnings
|
13.71 | 0.00 | 0.00 | 0.00 | 35.85 |
|
Price / Book Value
|
2.05 | 0.00 | 0.00 | 0.00 | 2.26 |
|
Dividend Yield (%)
|
0.00 | -- | -- | -- | 0.00 |
|
EV/EBITDA
|
5.43 | 2.19 | 1.37 | 1.32 | 13.28 |
|
Market Cap (₹ Cr)
|
6,449.42 | 0.00 | 0.00 | 0.00 | 3,439.98 |
Solvency Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.03 | 3.63 | 0.88 | 1.37 | 1.08 |
|
Short term debt to equity ratio
|
0.03 | 0.13 | 0.57 | 0.92 | 0.29 |
|
Current Ratio
|
1.88 | 1.24 | 1.26 | 1.14 | 1.36 |
|
Quick Ratio
|
1.47 | 0.70 | 0.41 | 0.57 | 0.88 |
|
Interest Coverage
|
5.03 | 5.48 | 8.85 | 7.22 | 1.81 |
Operating Efficiency Ratios
| Vikram Solar | Emmvee Photovoltaic Power | Fujiyama Power Systems | Saatvik Green Energy | TruAlt Bioenergy | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
25.29 | 8.15 | 4.75 | 18.51 | 23.51 |
|
Asset Turnover
|
1.12 | 0.76 | 1.90 | 1.83 | 0.51 |
|
Receivable days
|
92.84 | 22.38 | 16.32 | 48.73 | 78.74 |
|
Inventory Days
|
47.57 | 83.18 | 72.82 | 73.64 | 78.03 |
|
Payable days
|
17.73 | 66.18 | 39.25 | 85.09 | 124.10 |
|
Cash Conversion Cycle
|
122.68 | 39.38 | 49.90 | 37.28 | 32.68 |