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₹175.6

▼ -6.01 -3.31%

30 Jul 2026

NSE Listed · Capital Goods - Electrical Equipment

Vikram Solar Limited (VIKRAMSOLR)

Volume: 21,25,230Avg Vol 1W: 18,45,678Avg Vol 1M: 25,51,93152W Range:₹162.1₹407.95
NSE BSE www.vikramsolar.com AI Report
Key Ratios
Checked just now
Market Cap₹6,363 Cr
Current Price₹175.6
Previous Close₹181.61
High / Low (52w)₹407.95 / ₹162.1
Volume21,25,230
Avg Vol (1W)18,45,678
Avg Vol (1M)25,51,931
Stock P/E13.45
Book Value₹87.56
Dividend Yield0%
ROE14.85%
ROA8.21%
Revenue (TTM)—
Revenue Growth36.34%
Profit Margin9.8%
Total Debt₹77 Cr
Shares Outstanding36 Cr
Face Value₹10
EPS (TTM)₹13.06
P/B2.01
Debt / Equity0.2
50 DMA₹195.43
200 DMA₹227.72
Day change-3.31%
Price Chart
₹175.6▼ 50.73% · 1Y
₹379₹1666.7Cr
2025-08-26
2026-07-30

20-day avg volume: 23.9L shares

Pros
  • Company is almost debt-free.
  • Revenue grew 235% YoY.
  • Net profit is growing year over year.
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)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Mar 2026
Revenue₹1,027 Cr₹1,183 Cr₹3,452 Cr₹1,135 Cr₹1,110 Cr₹1,106 Cr₹4,862 Cr₹1,453 Cr
EBITDA₹63 Cr₹174 Cr₹371 Cr₹215 Cr₹215 Cr₹187 Cr₹813 Cr₹196 Cr
Net Profit₹21 Cr₹83 Cr₹139 Cr₹134 Cr₹128 Cr₹96 Cr₹469 Cr₹110 Cr
EPS——4.58———13.56—
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹1,576 Cr₹1,798 Cr₹2,237 Cr₹2,476 Cr₹2,585 Cr₹2,849 Cr₹5,636 Cr
Total Liabilities₹1,215 Cr₹1,384 Cr₹1,886 Cr₹2,111 Cr₹2,140 Cr₹1,592 Cr₹2,463 Cr
Equity₹362 Cr₹414 Cr₹351 Cr₹365 Cr₹445 Cr₹1,257 Cr₹3,173 Cr
Total Debt———————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating₹231 Cr₹7 Cr₹218 Cr₹198 Cr₹163 Cr₹316 Cr₹819 Cr
Investing₹-36 Cr₹-40 Cr₹-155 Cr₹-111 Cr₹-64 Cr₹-175 Cr₹-1,808 Cr
Financing₹-174 Cr₹4 Cr₹-36 Cr₹-102 Cr₹-81 Cr₹-92 Cr₹1,120 Cr
Free Cash Flow₹231 Cr₹7 Cr₹218 Cr₹198 Cr₹163 Cr₹316 Cr₹819 Cr
Shareholding
Promoter 63.01% Institutions 7.4% Public 29.59%
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 2026-06-30

Promoter63%
FII3.4%
DII4%
Institutions7.4%
Public29.6%
Promoter Pledge9.2%
No. of Shareholders3,03,976
Shareholding Pattern

Quarterly — figures in %. Latest 9 quarters.

PeriodMar 2022Sept 2024Jun 2025Aug 2025Aug 2025Sept 2025Dec 2025Mar 2026Jun 2026
Promoters93.1%77.6%63.1%63.1%63.1%63.1%63%63%63%
FIIs0%0%3%2.4%3%2.1%1.8%2.9%3.4%
DIIs0%0%6.4%6.4%6.4%6.2%4.7%4.8%4%
Public6.9%22.4%27.4%28%27.4%28.6%30.5%29.2%29.6%
Promoter Pledge0%0%0%0%0%48.2%48.2%6.8%9.2%
No. of Shareholders1026,9605,17,7465,17,7465,17,7463,06,4262,87,4372,85,3013,03,976
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
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
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 Shareholding1.9%68,65,318
Kingsman Wealth Fund Pcc - Quantum Leap FundPublic Shareholding1.8%66,70,073
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
K K Rawalwasia And Ors HufShareholding of Promoter and Promoter Group0%0
Gc Family TrustShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Nilam Chaudhary30,00,00043.7%2026-06-30
Vsl Ventures Private Limited1.51 Cr100%2026-06-30
Vikram India Limited30,00,00030%2026-06-30
Board of Directors
NameDesignationYear
Gyanesh ChaudharyChairman / Executive Director / Managing Director2026
Krishna Kumar MaskaraED / WTD / Interim CEO / President2026
Neha AgrawalED / WTD / Head2026
Suresh Gopinathan MenonNon Executive Director2026
J P DuaIndependent Non Exe. Director2026
Ratnabali KakkarIndependent Non Exe. Director2026
Subramanya KrishnappaIndependent Director2026
SUMIT BINANIIndependent Director2026
Sudipta Bhowal.Company Sec. & Compli. Officer2026
Sameer NagpalWhole Time Director & CEO2026
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
20261,00730251,0732,123
202680800041850
20261260014294435
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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