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Vikram Solar Ltd. (VIKRAMSOLR.NS)

INR191.35 -3.89 (-1.99%)
IN NSE Energy Solar
Address The Chambers 700107
Kolkata, IN
CEO Gyanesh Chaudhary
IPO 2025-08-26
ISIN INE078V01014

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Description

Established in 2005 and headquartered in Kolkata, India, Vikram Solar Limited operates as a prominent player in the global solar energy industry. The company is primarily engaged in the manufacturing and distribution of solar photovoltaic modules and integrated systems across India and internationally. Beyond its product offerings, Vikram Solar delivers a full suite of Engineering, Procurement, and Construction (EPC) services for solar projects, encompassing everything from initial risk assessments, site surveys, and design engineering to material procurement, civil infrastructure development, system installation, final commissioning, project oversight, and quality assurance. Additionally, it provides comprehensive operations and maintenance (O&M) support for solar installations, which includes preventive and corrective servicing, performance monitoring and analysis, equipment upgrades and retrofits, spare parts management, fault diagnosis and resolution, and data management with reporting. Its diverse product portfolio is marketed under brand names such as Suryava, Hypersol, Paradea, SOMERA, and PREXOS. The company is also actively involved in developing rooftop solar projects.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR191.35 -3.89 (-1.99%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.71
Float Shares
107.10M
Free Float %
29.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.58% -3.40% -10.07% +7.90% -27.39% -15.97% -43.88% -43.88% -43.88% -43.88% -43.88%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

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Revenue composition

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By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
191.35
DCF (Levered) 35.55 -81.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Solar: +18.1%
    +40.3% Q1'26: +21.7% (vs Q1'25)
  • EPS growth Solar: +43.7%
    -100.0% Q1'26: +13.4% (vs Q1'25)
  • FCF margin FCF growth · Solar: +87.8%
    +6.1% Q1'26: +25.6% (vs Q1'25)
  • EBIT margin Solar: +4.0%
    +16.8% Q1'26: +13.5% (vs Q1'25)
  • ROIC Solar: +1.3%
    +23.7% Q1'26: +25.0% (vs Q1'25)
  • Share dilution Solar: 0.0%
    -100.0% Q1'26: +7.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Solar: 0.12×
    0.67× Q1'26: 0.64× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.75) × ERP
WACC = 0% × Ke + 100% × Kd (24.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 191.35
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2026
5 Rev. Ana.
4 EPS Ana.
Mar 2027
5 Rev. Ana.
4 EPS Ana.
Mar 2028
5 Rev. Ana.
5 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
45.65B
44.08B – 46.73B
87.43B
71.88B – 114.74B
+91.5% YoY
127.52B
102.56B – 163.39B
+45.9% YoY
200.63B
162.81B – 259.61B
+57.3% YoY
EBITDA
4.67B
4.51B – 4.78B
8.94B
7.35B – 11.74B
+91.5% YoY
13.05B
10.49B – 16.72B
+45.9% YoY
20.53B
16.66B – 26.56B
+57.3% YoY
EBIT
2.85B
2.76B – 2.92B
5.47B
4.49B – 7.18B
+91.5% YoY
7.97B
6.41B – 10.22B
+45.9% YoY
12.55B
10.18B – 16.23B
+57.3% YoY
Net Income
4.70B
4.17B – 4.92B
5.31B
4.39B – 5.86B
+12.9% YoY
8.12B
5.55B – 13.78B
+52.9% YoY
15.18B
11.44B – 20.95B
+86.9% YoY
SGA
2.05B
1.98B – 2.10B
3.92B
3.23B – 5.15B
+91.5% YoY
5.72B
4.60B – 7.33B
+45.9% YoY
9.00B
7.31B – 11.65B
+57.3% YoY
EPS
12.78
11.51 – 13.60
14.74
12.15 – 16.20
+15.3% YoY
23.33
15.33 – 38.10
+58.3% YoY
41.90
31.63 – 57.91
+79.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 A 4/5 4/5 4/5 5/5 3/5 3/5 3/5
2026-05-21 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-19 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
2026-04-15 C 2/5 3/5 1/5 1/5 1/5 3/5 1/5
Ownership data is not available for this company yet.

Executive team

Top executives
EBIT / Employee
5.01M
Shares Outstanding
362.33M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Anil Bhadauria Executive Vice President & Head of Manufacturing Operations male
Gyanesh Chaudhary Chairman & MD male
Krishna Kumar Maskara COO, Chief Risk Officer & Whole-Time Director male
Kunal Motwani Executive Vice President of Enterprise Leadership & Communication male
Neha Agrawal Senior VP of Corporate Strategy & Whole-Time Director female
Ranjan Kumar Jindal Chief Financial Officer male
Ravindra Kumar Goyal President of Sales male
Rony Banerjee Senior VP & Head of India Sales male
Sameer Nagpal Chief Executive Officer male
Santosh Goyal Senior VP & Head of Global Supply Chain male
Sudipta Bhowal Company Secretary & Compliance Officer male
Sumit Kumar Vice President of Operations (Manufacturing) & Technology male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits