Debut Plus

₹194.85

▲ +1.03 +0.53%

17 Jul 2026

NSE Listed

Vikram Solar Limited (VIKRAMSOLR)

Volume: 16,88,905Avg Vol 1W: 47,21,431.6Avg Vol 1M: 30,44,754.252W Range:₹162.1₹407.95
NSE BSE www.vikramsolar.com
Key Ratios
Checked 22h ago
Market Cap₹7,024 Cr
Current Price₹194.85
Previous Close₹193.82
High / Low (52w)₹407.95 / ₹162.1
Volume16,88,905
Avg Vol (1W)47,21,431.6
Avg Vol (1M)30,44,754.2
Stock P/E63.55
Book Value₹87.56
Dividend Yield0%
ROE14.85%
ROA8.21%
Revenue (TTM)₹3,460 Cr
Revenue Growth36.3%
Profit Margin9.8%
Total Debt₹77 Cr
Shares Outstanding36 Cr
Face Value₹10
EPS (TTM)₹13.06
P/B2.21
Debt / Equity0.2
50 DMA₹197.98
200 DMA₹231.38
Day change+0.53%
Price Chart
₹194.85▼ 45.33% · 1Y
₹379₹1666.7Cr
2025-08-26
2026-07-15

20-day avg volume: 30.4L shares

Pros
  • Company is almost debt-free.
Cons
  • Stock trades at a high P/E of 64.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹631 Cr₹573 Cr₹1,026 Cr₹1,194 Cr₹1,134 Cr₹1,110 Cr₹1,106 Cr₹1,453 Cr
EBITDA₹80 Cr₹45 Cr₹57 Cr₹189 Cr₹213 Cr₹216 Cr₹189 Cr₹196 Cr
Net Profit₹23 Cr₹7 Cr₹19 Cr₹91 Cr₹133 Cr₹128 Cr₹98 Cr₹110 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹1,662 Cr₹1,628 Cr₹1,743 Cr₹2,092 Cr₹2,524 Cr₹3,460 Cr
EBITDA₹125 Cr₹156 Cr₹23 Cr₹141 Cr₹274 Cr₹372 Cr
Net Profit₹23 Cr₹38 Cr₹-63 Cr₹14 Cr₹80 Cr₹140 Cr
EPS8.061.48-2.430.563.084.6
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1,576 Cr₹1,798 Cr₹2,237 Cr₹2,476 Cr₹2,585 Cr₹2,832 Cr
Total Liabilities₹1,215 Cr₹1,384 Cr₹1,886 Cr₹2,111 Cr₹2,140 Cr₹1,590 Cr
Equity₹362 Cr₹414 Cr₹351 Cr₹365 Cr₹445 Cr₹1,242 Cr
Total Debt——————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹231 Cr₹7 Cr₹218 Cr₹198 Cr₹163 Cr₹327 Cr
Investing₹-36 Cr₹-40 Cr₹-155 Cr₹-111 Cr₹-64 Cr₹-169 Cr
Financing₹-174 Cr₹4 Cr₹-36 Cr₹-102 Cr₹-81 Cr₹-100 Cr
Free Cash Flow₹231 Cr₹7 Cr₹218 Cr₹198 Cr₹163 Cr₹327 Cr
Shareholding
Promoter 63.01% Institutions 7.74% Public 29.24%
Efficiency & Working Capital
ROCE21.1%
Interest Coverage5
Dividend Payout—
Debtor Days92 d
Inventory Days62 d
Payable Days117 d
Cash Conversion Cycle37 d
Working Capital Days154 d
Shareholding Details

As of 2026-03-31

Promoter63%
FII2.9%
DII4.8%
Institutions7.7%
Public29.2%
Promoter Pledge6.8%
No. of Shareholders2,85,301
Shareholding Pattern

Quarterly — figures in %. Latest 8 quarters.

PeriodMar 2022Sept 2024Jun 2025Aug 2025Aug 2025Sept 2025Dec 2025Mar 2026
Promoters93.1%77.6%63.1%63.1%63.1%63.1%63%63%
FIIs0%0%3%2.4%3%2.1%1.8%2.9%
DIIs0%0%6.4%6.4%6.4%6.2%4.7%4.8%
Public6.9%22.4%27.4%28%27.4%28.6%30.5%29.2%
Promoter Pledge0%0%0%0%0%48.2%48.2%6.8%
No. of Shareholders1026,9605,17,7465,17,7465,17,7463,06,4262,87,4372,85,301
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Vikram Capital Management Private LimitedShareholding of Promoter and Promoter Group30.9%11.18 Cr
Gyanesh Chaudhary Family TrustShareholding of Promoter and Promoter Group20.2%7.31 Cr
Vsl Ventures Private LimitedShareholding of Promoter and Promoter Group4.2%1.51 Cr
Gyanesh ChaudharyShareholding of Promoter and Promoter Group2.8%1.03 Cr
Arpit KhandelwalPublic Shareholding2.8%1.00 Cr
Vikram India LimitedShareholding of Promoter and Promoter Group2.8%99,91,750
Nilam ChaudharyShareholding of Promoter and Promoter Group1.9%68,65,573
Bandhan Small Cap FundPublic Shareholding1.6%57,16,056
Asnu Finvest Private LimitedPublic Shareholding1.1%40,83,300
Kingsman Wealth Fund Pcc - Quantum Leap FundPublic Shareholding1.1%39,68,808
Pragya JindalShareholding of Promoter and Promoter Group0.2%8,50,000
Prerna RungtaShareholding of Promoter and Promoter Group0.1%2,50,000
Pratibha AgarwalShareholding of Promoter and Promoter Group0%50,000
Gaurav GoelShareholding of Promoter and Promoter Group0%41,000
Meenakshi ChaudharyShareholding of Promoter and Promoter Group0%4,970
Hari Krishna ChaudharyShareholding of Promoter and Promoter Group0%0
Urmila ChaudharyShareholding of Promoter and Promoter Group0%0
Agastya Vikram ChaudharyShareholding of Promoter and Promoter Group0%0
Yashvi ChaudharyShareholding of Promoter and Promoter Group0%0
Kusum GoelShareholding of Promoter and Promoter Group0%0
Tina ModiShareholding of Promoter and Promoter Group0%0
Anil ChaudharyShareholding of Promoter and Promoter Group0%0
B.k. Goel & Sons HufShareholding of Promoter and Promoter Group0%0
Gaurav Goel (huf)Shareholding of Promoter and Promoter Group0%0
Krishna Modi & Sons HufShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Gyanesh Chaudhary00%2026-03-31
Nilam Chaudhary00%2026-03-31
Pragya Jindal3,50,00041.2%2026-03-31
Prerna Rungta00%2026-03-31
Pratibha Agarwal00%2026-03-31
Gaurav Goel00%2026-03-31
Meenakshi Chaudhary00%2026-03-31
Hari Krishna Chaudhary00%2026-03-31
Urmila Chaudhary00%2026-03-31
Agastya Vikram Chaudhary00%2026-03-31
Yashvi Chaudhary00%2026-03-31
Kusum Goel00%2026-03-31
Board of Directors
NameDesignationYear
Gyanesh ChaudharyChairman / Executive Director / Managing Director2025
Krishna Kumar MaskaraED / WTD / Interim CEO / President2025
Neha AgrawalED / WTD / Head2025
Subramanya KrishnappaIndependent Director2025
Ratnabali KakkarIndependent Director2025
SUMIT BINANIIndependent Director2025
Sudipta Bhowal.Company Sec. & Compli. Officer2025
J P DuaNon Executive Director2025
Suresh Gopinathan MenonNon Executive Director2025
Segments — Product
SegmentRevenueShare
Manufacturer of Solar PV modules as₹0 Cr—
Segments — Geography
RegionRevenueShare
Within India₹3,389 Cr99.2%
Outside india₹26 Cr0.8%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2026₹10400362362
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2024320009121450
2024700007
202434009109152
Insider / Designated-Person Trades

8 recent disclosure(s)

Nilam ChaudharyPledge · 30,00,000
Gyanesh Chaudhary Family TrustRevoke · 7,30,86,090
Vikram Capital Management Private LimitedRevoke · 2,18,74,803
VSL VENTURES PRIVATE LIMITEDPledge · 1,50,99,750
VSL VENTURES PRIVATE LIMITEDRevoke · 1,50,99,750
Vikram Capital Management Private LimitedPledge · 2,18,74,803
Company Information
Incorporated2005
ChairmanGyanesh Chaudhary
AuditorGarv & Associates
Investor Email[email protected]
🌐 www.vikramsolar.com ↗

📍 Biowonder Unit #.1102 11th Flr, 789 Anandapur Main Roadd E K T, Kolkata, West Bengal, 700107

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