āagman

Not investment advice. Data and computed figures, for information only.

Vikram Solar Ltd

NSE: VIKRAMSOLR
₹142.37
−₹4.38 (−2.98%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,157 Cr
CMP
₹142.37
52-wk High / Low
₹354 / 141
P/E
14.3
P/B
1.6
Book Value
₹87.6
Div Yield
0.00%
ROCE
31.0%
ROE
21.4%
Face Value
₹10
D/E
0.19

Price−57.0% over 1Y

āagman read

Computed by āagman
Derived from 7 years and 9 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹160
√(22.5 × EPS × book value per share)
ROIC
14.4%
vs 12.3% sector median
Cash flow to profit
1.42
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,328
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
21.4%
ROE × earnings retention ratio
ROE stability
12.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.43DII −0.76
Latest quarter vs the previous one
Cash-accrual divergence
−4.7%
of assets
Low = accruals track cash flow
Strengths
+PE of 14.3x is below the sector median of 43.6x
Watch-outs
−Price trades below its 200-day moving average (0.7x)
−Price is 59.8% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 9 quarters
As of 30 Jun 2026
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6315731,0261,1941,1341,1101,1061,4531,563
Expenses5195019419708918759011,2181,437
Operating Profit1117285224242235205234126
OPM %17.6%12.6%8.3%18.8%21.3%21.2%18.5%16.1%8.1%
Other Income611128416151813
Interest453428483232405749
Depreciation373739423435375764
Profit before tax36113014118118414313925
Net Profit23719911331289811020
EPS (₹)0.720.230.602.864.213.552.713.050.55

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 7 years + TTM
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6401,6101,7302,0732,5113,4154,8035,232
Expenses1,5001,4331,6721,8862,1122,9253,8874,431
Operating Profit14017759187399491916800
OPM %8.5%11.0%3.4%9.0%15.9%14.4%19.1%15.3%
Other Income221713181365261
Interest9599103122155155160178
Depreciation37394864138156162193
Profit before tax3056−7919107216646492
Net Profit2238−631480139469357
EPS (₹)8.0616.23−2.430.563.084.3912.959.86

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital2824259259259317362—
Reserves334391921061879412,811—
Borrowings494672703792854272617—
Other Liabilities7207121,1831,3191,2861,3201,846—
Total Liabilities1,5761,7982,2372,4762,5852,8495,636—
Fixed Assets3573815476445055341,079—
CWIP1167418281419—
Investments00000119742—
Other Assets1,2091,3501,6871,8142,0522,1833,795—
Total Assets1,5761,7982,2372,4762,5852,8495,636—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity22713201195152290667
Cash from Investing Activity−36−40−155−110−64−175−1,808
Cash from Financing Activity−1744−36−102−81−921,120
Net Cash Flow16−2310−17722−21

Ratios

As of 31 Mar 2026
7 periods
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—16.02.013.022.026.031.0
ROE %——————21.4
EPS (₹)8.0616.23−2.430.563.084.3912.95
Book Value (₹)——————87.6
Face Value (₹)——————10
P/E——————14.3
Div Yield %——————0.00
NPM %1.32.3−3.60.73.24.09.7
OPM %9.011.03.49.016.014.019.0
D/E1.361.622.002.171.910.220.19
P/B——————1.6

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+24.0%
3 years+32.0%
TTM+33.0%
Compounded profit growth
5 years+65.0%
3 years+214.0%
TTM+44.0%
Stock price CAGR
Last year−56.0%
Return on equity
5 years16.0%
3 years20.0%
Last year21.0%

Shareholding pattern

As of 31 Dec 2025
Sep 2025Dec 2025
Promoters63.01%63.01%
FIIs2.94%3.37%
DIIs4.80%4.04%
Government——
Public29.25%29.60%
No. of shareholders2,85,3013,03,976
Change since Sep 2025 (pp)
Promoters +0.00FIIs +0.43DIIs −0.76Public +0.35

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Change in ManagementAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingMar 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingJan 2026PPT

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman