Vikram Solar Ltd (VIKRAMSOLR) — shareholding pattern, promoter holding, financials and share price
About Vikram Solar Ltd (VIKRAMSOLR)
Vikram Solar Ltd operates in the Other Electrical Equipment industry, within the Capital Goods sector. It trades on the NSE as VIKRAMSOLR and on the BSE under scrip code 544488. Its ISIN is INE078V01014.
Incorporated in 2005, Vikram Solar Ltd manufactures solar PV modules and also provides EPC and O&M services. [1]
Vikram Solar Limited, established in 2005, is a leading Indian solar PV module manufacturer offering EPC and O&M services.
In Q3 FY26, the company reported a revenue of INR 1,106 crore, EBITDA growth of 142% Y-o-Y, and PAT growth of 416% Y-o-Y, indicating strong financial performance.
Listed peers in Other Electrical Equipment: Waaree Renewable Technologies Ltd, Genus Power Infrastructures Ltd, Saatvik Green Energy Ltd, Websol Energy System Ltd, V-Marc India Ltd, Ram Ratna Wires Ltd.
Valuation & Returns
10 Jul 2026At ₹203.3 a share on 10 Jul 2026, Vikram Solar Ltd (VIKRAMSOLR) was valued at a price-to-earnings ratio of 15.66x against an industry P/E of 52.37x and a price-to-book of 5.93x on a book value of ₹34.28 per share as of Mar 2025. Solomo computes return on equity of 37.88% and return on capital employed of 53.34% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 15.66x
- Industry P/E
- 52.37x
- P/B
- 5.93x
- EPS (TTM)
- ₹12.98
- Book value / share
- ₹34.28
- ROE
- 37.88%
- ROCE
- 53.34%
- ROA
- 16.61%
- Debt / equity
- 0.22x
- Dividend yield
- 0%
- EBITDA margin
- 20.19%
- 52-week range
- ₹162.15 – ₹407.85
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Vikram Solar Ltd (VIKRAMSOLR) reported revenue of ₹4,803 crore, net profit of ₹469 crore and earnings per share of ₹12.95. That compares with revenue of ₹3,415 crore and net profit of ₹139 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,453 crore and net profit ₹110 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 1,730 | 2,073 | 2,511 | 3,415 | 4,803 |
| Net profit (₹ cr) | -63 | 14 | 80 | 139 | 469 |
| EPS (₹) | -2.43 | 0.56 | 3.08 | 4.39 | 12.95 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 17.58% | 26.17% | 36.34% |
| Profit growth | 87.24% | - | 75.40% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 63.01% of Vikram Solar Ltd (VIKRAMSOLR) (unchanged from the previous quarter), foreign institutional investors (FII) hold 3.37% and domestic institutional investors (DII) hold 4.03%. Promoters have pledged 9.2% of their holding. Market capitalisation was ₹7,367 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2025.
Largest disclosed public shareholders in Jun 2026: Bandhan Small Cap Fund 1.89%, Kingsman Wealth Fund Pcc - Quantum Leap Fund 1.84%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 63.01% | 9.2% | 3.37% | 4.03% | 36.99% |
| Mar 2026 | 63.01% | 6.8% | 2.94% | 4.8% | 36.99% |
| Dec 2025 | 63.01% | 48.2% | 1.83% | 4.71% | 36.99% |
| Sep 2025 | 63.12% | 48.2% | 2.09% | 6.2% | 36.88% |