Vikram Solar

Market Cap: Mid Cap
Industry: Other Electrical Equipment
ISIN: INE078V01014
NSEID: VIKRAMSOLR
BSEID: 544488

INR

212.35

2.35 (1.12%)

BSENSE

Jun 18

BSE+NSE Vol: 34.49 lacs

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

34.49 lacs

Shareholding (Mar 2026)

FII

2.94%

Held by 15 FIIs

DII

4.80%

Held by 15 DIIs

Promoter

63.01%

When is the next results date for Vikram Solar?

14-Oct-2025

The next results date for Vikram Solar is 16 October 2025.

How has been the historical performance of Vikram Solar?

16-Oct-2025

Vikram Solar's historical performance as of March 2025 shows significant growth, with an operating income of 3,423.45 crore, a profit after tax of 139.83 crore, and a strong operating profit margin of 14.37%. The company also reported balanced total assets and liabilities of 2,832.08 crore, indicating financial stability.

Is Vikram Solar overvalued or undervalued?

26-Nov-2025

As of November 25, 2025, Vikram Solar is considered overvalued with a valuation grade of "expensive," a PE ratio of 70.56, and an EV to EBITDA of 17.07%, despite a low ROE of 4.70% and recent stock performance lagging behind the Sensex.

Which are the latest news on Vikram Solar?

03-Dec-2025

How has been the historical performance of Vikram Solar?
How has been the historical performance of Vikram Solar?

Why is Vikram Solar falling/rising?

04-Dec-2025

As of 03-Dec, Vikram Solar Ltd's stock price is at Rs. 250.80, down 2.37% and has declined for nine consecutive days, totaling a 16.65% drop. The stock is underperforming against the Sensex and is trading below all key moving averages, indicating a bearish trend despite increased investor participation.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Company has a low Debt to Equity ratio (avg) at 0.99 times

Healthy long term growth as Net Sales has grown by an annual rate of 30.50% and Operating profit at 68.45%

Flat results in Mar 26

With ROE of 16, it has a Very Attractive valuation with a 2.5 Price to Book Value

Increasing Participation by Institutional Investors

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Other Electrical Equipment

Market cap

INR 7,695 Cr (Mid Cap)

P/E

16.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.49

Return on Equity

4.70%

Price to Book

2.57

Revenue and Profits:

Net Sales:

1,453 Cr

(Quarterly Results - Mar 2026)

Net Profit:

110 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

9.74%

6 Months

-8.73%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

0.0%

Vikram Solar for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Vikram Solar Ltd Technical Momentum Shifts Amid Bearish Signals

Vikram Solar Ltd has experienced a notable shift in its technical momentum, moving from a sideways trend to a mildly bearish stance. Despite a recent upgrade in its Mojo Grade from Sell to Hold, the stock’s price action and key technical indicators suggest caution for investors amid weakening momentum and bearish signals across multiple timeframes.

Vikram Solar Ltd Upgrades Quality Grade Amid Improving Business Fundamentals

Vikram Solar Ltd has seen its quality grade upgraded from average to good, reflecting notable improvements in key financial metrics such as sales and EBIT growth, alongside robust returns on capital. However, certain areas like return on equity and debt levels present a more nuanced picture, suggesting a mixed but overall positive shift in the company’s business fundamentals.

Key Events This Week

4 May: Week opens at Rs.221.00 with cautious market sentiment

5 May: Technical momentum shifts amid mixed market returns, stock dips 2.08%

6 May: Strong 4.34% rally on improving technicals and financials

7 May: MarketsMOJO upgrades rating to Hold; technical momentum turns mildly bullish

8 May: Flat quarterly performance reported amid margin pressures; stock falls 4.70%

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.

19-May-2026 | Source : BSE

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 on May 19 2026 for Nilam Chaudhary

Compliances-Reg.24(A)-Annual Secretarial Compliance

18-May-2026 | Source : BSE

Please find enclosed herewith the Annual Secretarial Compliance Report for the year ended 31st March 2026

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

08-May-2026 | Source : BSE

Please find enclosed the link for earnings call for the Q4 and FY26.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

30.50%

EBIT Growth (5y)

68.45%

EBIT to Interest (avg)

2.36

Debt to EBITDA (avg)

0.54

Net Debt to Equity (avg)

0.01

Sales to Capital Employed (avg)

1.65

Tax Ratio

27.45%

Dividend Payout Ratio

Pledged Shares

6.77%

Institutional Holding

7.74%

ROCE (avg)

23.41%

ROE (avg)

10.18%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

2.57

EV to EBIT

8.18

EV to EBITDA

6.73

EV to Capital Employed

4.06

EV to Sales

1.28

PEG Ratio

Dividend Yield

ROCE (Latest)

49.64%

ROE (Latest)

15.98%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

Bearish

Bollinger Bands

Mildly Bullish

KST

Dow Theory

No Trend

Mildly Bullish

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

6.7667

Mutual Funds

Held by 11 Schemes (3.84%)

FIIs

Held by 15 FIIs (2.94%)

Promoter with highest holding

Vikram Capital Management Private Limited (30.85%)

Highest Public shareholder

Arpit Khandelwal (2.76%)

Individual Investors Holdings

20.61%

Financial

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          "field": "Interest",
          "val1": "56.48",
          "val2": "40.13",
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        {
          "field": "Standalone Net Profit",
          "val1": "109.97",
          "val2": "96.44",
          "chgp": "14.03%",
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          "field": "Operating Profit Margin (Excl OI)",
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        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
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        "Sep'25",
        "Sep'24",
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          "val2": "191.78",
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          "field": "Interest",
          "val1": "63.80",
          "val2": "79.44",
          "chgp": "-19.69%",
          "chgp_class": "positive"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
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          "field": "Standalone Net Profit",
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          "val2": "35.34",
          "chgp": "643.21%",
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          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "15.91%",
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  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
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    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
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        "Dec'24",
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          "val2": "2,232.24",
          "chgp": "50.11%",
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "681.56",
          "val2": "279.14",
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          "val1": "103.93",
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          "chgp_class": "neutral"
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          "field": "Standalone Net Profit",
          "val1": "359.09",
          "val2": "56.26",
          "chgp": "538.27%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "20.34%",
          "val2": "12.50%",
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Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Mar'26

Dec'25

Change(%)

Net Sales

1,452.60

1,105.77

31.37%

Operating Profit (PBDIT) excl Other Income

234.51

203.36

15.32%

Interest

56.48

40.13

40.74%

Exceptional Items

0.00

-5.62

100.00%

Standalone Net Profit

109.97

96.44

14.03%

Operating Profit Margin (Excl OI)

16.14%

18.39%

-2.25%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Mar 2026 is 31.37% vs -0.37% in Dec 2025

Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 14.03% vs -24.80% in Dec 2025

All Quarterly Results

Half Yearly Results Snapshot (Standalone) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

2,245.07

1,205.48

86.24%

Operating Profit (PBDIT) excl Other Income

478.20

191.78

149.35%

Interest

63.80

79.44

-19.69%

Exceptional Items

0.00

Standalone Net Profit

262.65

35.34

643.21%

Operating Profit Margin (Excl OI)

21.30%

15.91%

5.39%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Standalone) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

3,350.84

2,232.24

50.11%

Operating Profit (PBDIT) excl Other Income

681.56

279.14

144.16%

Interest

103.93

109.43

-5.03%

Exceptional Items

-5.62

0.00

Standalone Net Profit

359.09

56.26

538.27%

Operating Profit Margin (Excl OI)

20.34%

12.50%

7.84%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'26

Mar'26

Mar'25

Change(%)

Net Sales

4,803.43

3,415.45

40.64%

Operating Profit (PBDIT) excl Other Income

916.06

490.57

86.73%

Interest

160.40

154.66

3.71%

Exceptional Items

-5.62

0.00

Standalone Net Profit

469.06

139.10

237.21%

Operating Profit Margin (Excl OI)

19.07%

14.36%

4.71%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2026 is 40.64% vs 39.93% in Mar 2025

Standalone Net Profit

YoY Growth in year ended Mar 2026 is 237.21% vs 108.17% in Mar 2025

All Annual Results

Company CV

About Vikram Solar Ltd

Vikram Solar Ltd

Mid Cap

Other Electrical Equipment

No Details Available.

Company Coordinates

No Company Details Available

Name: MOJO Markets Private Limited (Research Entity) (SEBI Registration No. INH000021942) (CIN:U74900MH2015PTC264951)

Registered & Correspondence Address: Benefice Business House, Office No. 3B, 3rd Floor, C.S. 242, Mathuradas Mills Estate, N.M. Joshi Marg, Tulsi Pipe Road, Lower Parel West, Mumbai- 400013

For queries or grievances, please contact us on support.ra@mojomarkets.in, Phone : 022-35121239

"Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."

Vikram Solar

1Day

52 Week

CASH

FII

DII

Promoter

When is the next results date for Vikram Solar?

How has been the historical performance of Vikram Solar?

Is Vikram Solar overvalued or undervalued?

Which are the latest news on Vikram Solar?

Why is Vikram Solar falling/rising?

Dashboard

Company has a low Debt to Equity ratio (avg) at 0.99 times

Healthy long term growth as Net Sales has grown by an annual rate of 30.50% and Operating profit at 68.45%

Flat results in Mar 26

With ROE of 16, it has a Very Attractive valuation with a 2.5 Price to Book Value

Increasing Participation by Institutional Investors

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Vikram Solar Ltd Technical Momentum Shifts Amid Bearish Signals

Vikram Solar Ltd Upgrades Quality Grade Amid Improving Business Fundamentals

Vikram Solar Ltd Falls 2.85%: 5 Key Factors Shaping This Week’s Market Moves

Key Events This Week

Announcements

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations 2011.

Compliances-Reg.24(A)-Annual Secretarial Compliance

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ

Half Yearly Results Snapshot (Standalone) - Sep'25

Nine Monthly Results Snapshot (Standalone) - Dec'25

Annual Results Snapshot (Standalone) - Mar'26

About Vikram Solar Ltd

Company Coordinates