Vikram Solar Ltd share price logo

Vikram Solar Ltd

NSE: VIKRAMSOLR

BSE: 544488

Small Cap

Capital Goods Sector

₹163.00

-0.46

(-0.28%)

as on

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🔔 Supply Agreement Alert

Vikram Solar signs 1 GW domestic supply agreement with Avaada Electro for ALMM-compliant N-type Topcon solar cells

What are INDmoney investors doing with Vikram Solar shares?

Based on platform-user behaviour - not analyst opinion or company fundamentals.

Search interest on INDmoney

+28%

Searches for Vikram Solar on INDmoney have increased by 28% over the last 30 days.

Investment activity on INDmoney

+20.97%

Investment activity in Vikram Solar among INDmoney users has increased by 20.97% over the last 30 days.

Among the most traded stocks

470th

Vikram Solar was the 470th most traded stock on INDmoney over the last 7 days.

Average holding period of indmoney investors

23 days

INDmoney investors hold Vikram Solar shares for an average of 23 days.

Vikram Solar Stock Performance

as on September 16, 2026 at 7:43 pm IST

  • Day's Low

    Day's High

    ₹161.00
    ₹166.63
    downward going graph

    1.23%

    Downside

    2.23%

    Upside

    downward going graph

  • 52 Week's Low

    52 Week's High

    ₹155.38
    ₹382.00
    downward going graph

    4.67%

    Downside

    134.36%

    Upside

    downward going graph

Vikram Solar share price movements today

Previous Close
₹163.46
Open
₹162.80
Volume
18.24L
Upper Circuit
₹196.15
Lower Circuit
₹130.77
Day's Low - High
₹161.00 - ₹166.63
52 Week Low - High
₹155.38 - ₹382.00

Vikram Solar Historical Returns

1 Month Return
-10.73 %
3 Month Return
-21.86 %
1 Year Return
-54.11 %
3 Year Return
-54.14 %
5 Year Return
-54.14 %

Vikram Solar Fundamentals

as on September 16, 2026 at 2:13 pm IST

Market Cap

₹5,923.04 Cr

Return on Equity (ROE)

21.18

PE Ratio (TTM)

16.46

Return on capital employed (ROCE)

29.91

Industry PE ratio

64.91

Beta (LTM)

1.19

P/B Ratio

2.03

Dividend Yield

0

PEG Ratio

8.27

Quarterly Earnings Growth YOY

-85.17

EPS (TTM)

12.95

Book Value

87.57

Vikram Solar Stock Valuation

as on September 16, 2026 at 2:13 pm IST

Vikram Solar in the last 5 years

  • Overview

  • Trends

Lowest (12.06x)

February 26, 2026

Today (16.46x)

September 11, 2026

Industry (64.91x)

September 11, 2026

Highest (46.48x)

September 10, 2025

LowHigh

Today’s Price to Earnings Ratio: 16.46x

Vikram Solar Technical Analysis

Track how Vikram Solar technical analysis has moved over time to understand its trends.

1 min
5 min
15 min
30 min
1 day
1 week

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Moving Averages

Bearish

Neutral

Bullish

Bullish

Oscillators

Bearish

Neutral

Bullish

Bullish

Overall

Bearish3
Bullish9
Neutral3

Oscillators

Name

Value

Action

MACD level (12,26)
0.03
Bullish
CCI (20)
286.12
Bearish
RSI (14)
54.66
Neutral
Momentum (10)
-0.05
Bullish
ADI (14)
22.47
Neutral
Ultimate Oscillator (7,14,28)
37.24
Neutral

Moving Averages

Name

Value

Action

SMA (20)
162.82
Bullish
EMA (20)
162.82
Bullish
VWMA (20)
162.85
Bullish
SMA (50)
162.74
Bullish
EMA (50)
162.83
Bullish
SMA (200)
163.1
Bearish
EMA (200)
163.08
Bearish
KAMA (200)
162.86
Bullish
DEMA (200)
162.75
Bullish

Vikram Solar Ltd vs Peer Comparison

Compare market cap, revenue, PE, and other key metrics of Vikram Solar with its industry peers.

Company
Analyst View
Market Cap(in ₹ Cr)
5 Year CAGRDebt to Asset Ratio
Net Profit(in ₹ Cr)
Yearly Revenue(in ₹ Cr)
Vikram Solar Ltd image
Vikram Solar Ltd
BUY5,923.04-10.83%0.594694,803
Rishabh Instruments Ltd image
Rishabh Instruments Ltd
BUY3,016.4315.18%0.5782775
Kirloskar Electric Company Ltd image
Kirloskar Electric Company Ltd
NA793.45114.24%0.768589
Electro Force (India) Ltd image
Electro Force (India) Ltd
NA44.46-16.38%0.00152
Shivalic Power Control Ltd image
Shivalic Power Control Ltd
NA158.44-15.98%0.0012132
See all

Market expectation of Vikram Solar Stock

Common consensus of the market based on various publicly available news, publications,brokerage expectation and market data

BUY

57.14%

Buy

14.29%

Hold

28.57%

Sell

Vikram Solar Ltd Quarterly Profit & Loss

Figures in Rupees Crores

Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sales
630.94
572.95
1,026.05
1,193.52
1,133.58
1,109.91
1,105.95
1,452.82
1,563.09
Other Income
6.22
10.52
11.79
7.54
4.2
15.9
20.23
18.2
12.62
Total Income
637.16
583.47
1,037.84
1,201.06
1,137.78
1,125.81
1,126.18
1,471.01
1,575.72
Expenses
519.49
500.82
941.33
969.8
891.39
874.88
906.67
1,218.31
1,437.09
Operating Profit
111.45
72.13
84.72
223.72
242.19
235.03
199.28
234.51
126
Operating Profit Margin %
17.66%
12.59%
8.26%
18.74%
21.37%
21.18%
18.02%
16.14%
8.06%
Profit Before Interest, Tax and Depreciation
117.67
82.64
96.51
231.26
246.39
250.92
219.52
252.71
138.63
Interest
44.87
33.88
27.81
48.16
32.26
31.58
40.17
56.55
49.4
Depreciation
37.3
37.33
39.13
42.24
33.5
34.88
36.52
57.11
64.01
Profit Before Tax
35.5
11.43
29.57
140.86
180.63
184.46
142.83
139.05
25.22
Tax Paid
12.67
4.08
10.55
50.24
47.26
55.97
44.69
28.63
5.44
Profit After Tax
22.84
7.36
19.02
90.61
133.36
128.49
98.15
110.42
19.78
Total Net profit including share of profit / Loss from associate company
22.84
7.36
19.02
90.61
133.36
128.49
98.15
110.42
19.78
EPS
0.75
0.25
0.7
2.99
4.21
3.83
2.71
3.05
0.55
Actual EPS
0.75
0.25
0.7
2.99
4.21
3.83
2.71
3.05
0.55
Adjusted EPS
0.75
0.25
0.7
2.99
4.21
3.83
2.71
3.05
0.55
Diluted EPS
0.75
0.25
0.69
2.98
4.2
3.82
2.7
3.03
0.54

Vikram Solar Ltd Annual Profit & Loss

Figures in Rupees Crores

Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Sales
2,016.84
1,639.68
1,610.14
1,730.31
2,073.23
2,510.99
3,423.45
4,802.25
Other Income
14.46
22.29
17.46
12.74
18.68
12.97
36.07
58.53
Total Income
2,031.29
1,661.97
1,627.6
1,743.05
2,091.91
2,523.96
3,459.53
4,860.78
Expenses
1,848.48
1,499.79
1,433.1
1,671.63
1,887.05
2,124.06
2,931.44
3,891.25
Operating Profit
168.36
139.89
177.04
58.68
186.18
386.93
492.01
911
Operating Profit Margin %
8.35%
8.53%
11%
3.39%
8.98%
15.41%
14.37%
18.97%
Profit Before Interest, Tax and Depreciation
182.82
162.18
194.5
71.42
204.86
399.91
528.09
969.53
Interest
92.97
94.97
99.48
102.87
122.05
154.62
154.72
160.56
Depreciation
31.18
36.78
38.83
47.98
63.94
138.01
156
162.01
Profit Before Tax
58.67
30.43
56.19
-79.43
18.87
107.28
217.37
646.96
Tax Paid
17.85
7.92
18
-16.5
4.39
27.57
77.53
176.54
Profit After Tax
40.82
22.52
38.19
-62.94
14.49
79.72
139.83
470.42
Total Net profit including share of profit / Loss from associate company
40.82
22.52
38.19
-62.94
14.49
79.72
139.83
470.42
EPS
13.3
5.79
18.24
-2.43
0.56
3.08
4.61
13.68
Actual EPS
13.3
5.79
18.24
-2.43
0.56
3.08
4.61
13.68
Adjusted EPS
1.21
0.53
1.66
-2.43
0.56
3.08
4.61
13.68
Diluted EPS
13.3
5.79
18.24
-2.43
0.56
3.08
4.6
13.6

Vikram Solar Ltd Cash Flow

Figures in Rupees Crores

Mar 2016
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Net Cash from Operating Activities
-104.82
226.57
12.7
201.35
195.43
152.02
289.87
666.94
Cash Flow from Investing Activities
-66.71
-35.97
-39.6
-154.86
-110.44
-63.68
-175.32
-1,807.76
Cash Flow from Financing Activities
166.89
-174.12
3.82
-36.22
-102.22
-81.02
-92.32
1,120.05
Net Cash Flow
-4.64
16.48
-23.09
10.28
-17.24
7.32
22.23
-20.77

Vikram Solar Stock Shareholding Pattern

Numbers in percentages

Sep 2024
Jun 2025
Aug 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Promoters
77.64%
63.12%
63.12%
63.12%
63.01%
63.01%
63.01%
DII
0%
6.39%
6.39%
6.2%
4.71%
4.8%
4.03%
FII
0%
3.04%
3.04%
2.09%
1.83%
2.94%
3.37%
Public
0%
27.45%
27.45%
28.59%
30.45%
29.24%
29.59%
Total Outstanding Shares
31,65,36,309
36,17,17,031
36,17,17,031
36,17,17,031
36,23,30,181
36,23,30,181
36,23,54,381
Total Shareholders
6,960
5,17,746
5,17,746
3,06,426
2,87,437
2,85,301
3,03,976

Mutual Funds Buying / Exiting Vikram Solar

Holdings as of 15 Sep 2026 · based on the latest SEBI-mandated portfolio disclosures

Mutual Funds Buying Vikram Solar

Sorted by largest increase in holding, month-over-month.

Fund Name

Value of Holding

Increase (MoM)

Holding %

Bandhan Small Cap Fund Direct Growth

Bandhan Small Cap Fund Direct Growth

₹133.30 Cr

₹20.36 Cr (+18.02%)

0.47%

Mutual Funds Exiting Vikram Solar

Sorted by largest decrease in holding, month-over-month.

Fund Name

Value of Holding

Decrease (MoM)

Holding %

Kotak Equity Savings Fund Direct Growth

Kotak Equity Savings Fund Direct Growth

₹3.09 Cr

₹27.14 Cr (-89.77%)

0.03%

Taurus Ethical Fund-Direct Plan-Growth Option

Taurus Ethical Fund-Direct Plan-Growth Option

₹3.43 Cr

₹1.41 Cr (-29.19%)

0.8%

Vikram Solar Corporate Actions

View detailed summary of the earnings and dividend history of Vikram Solar.

  • Vikram Solar Ltd Earnings Results

    Vikram Solar Ltd’s net profit fell -85.17% since last year same period to ₹19.78Cr in the Q1 2026-2027. On a quarterly growth basis, Vikram Solar Ltd has generated -82.09% fall in its net profits since last 3-months.

    Read More about Earnings Results

Indices Featuring Vikram Solar Stock

Check stock indices that include Vikram Solar.

BSE IPO

₹18,209.60

-166.54 (▲0.91%)

S&P BSE Indus.

₹15,804.19

-37.41 (▲0.24%)

Insights on Vikram Solar Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 2.94% to 3.37% in Jun 2026 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 29.24% to 29.59% in Jun 2026 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 63.01% of holdings in Jun 2026 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, VIKRAMSOLR stock has moved down by -54.1%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 3.84% to 3.66% in Jun 2026 quarter

About Vikram Solar Ltd

Vikram Solar Ltd. was originally incorporated as International Leather Clothiers Private Limited at Kolkata West Bengal on December 2 2005. Further Company name changed to International Clothiers Private Limited dated May 10 2006. The name further changed from International Clothiers Private Limited to Vikram Solar Private Limited pursuant to which a fresh Certificate of Incorporation was issued by RoC dated September 3 2008. Subsequently Company converted to Public Company and consequently its name was changed to Vikram Solar Limited and a fresh Certificate of Incorporation dated August 22 2017 pursuant to conversion was issued by RoC. The Company is one of Indias largest module manufacturers in terms of operational capacity producing Solar PhotoVoltaic PV Modules and an integrated solar energy solutions provider offering Engineering Procurement and Construction EPC services and Operations and Maintenance OM services. It is engaged in manufacturing and sale of Solar photovoltaic modules / systems. Their manufacturing plants are located at Falta Special Economic Zone SEZ in West Bengal. The products and services cater to multiple business divisions such as domestic solar PV module sales EPC and OM services which serve as value added services to business in manufacturing solar PV modules and exports. The Solar PV systems are currently manufactured using both polycrystalline and monocrystalline cell technology. The portfolio in solar energy products consists of solar modules like: i polycrystalline modules and ii monocrystalline passivated emitter and rear cell Mono PERC modules which includes bifacial glasstoglass and glasstoback sheet modules. These products are differentiated on the basis of solar technology and type as well as cell size. In particular PV modules have wattages between 330Wp and 660Wp a prototype which is a measure of the amount of sunlight irradiation that falls on the surface of a solar panel and converted into electricity ranging between 17.01 and 21.47. In 2009 the Company started their manufacturing operations with an annual rated production capacity of 12 MW. It supplied installed and commissioned their first Phase of 500 KW Solar Power Plant at Kottenheim Germany. The 3 MW grid connected solar power plant was installed under the National Solar Mission of India during the year 201112. In 2014 it commissioned a floating solar PV plant of 10kW in India. Its production capacity reached 500 MW in 2015. The Company transferred its entire shareholding of Vikram Power Ventures Private limited to Vikram Capital Management Limited postmerger known as Vikram Capital Management Private Limited and Shri. Hari Krishna Chaudhary as a nominee of Vikram Capital Management Private Limited.In 2017 the production capacity reached to 1000 MW. In 2019 the Company commissioned 200 MW solar plant in Andhra Pradesh for a State Power Generation Company. It installed Eastern Indias largest single shed solar rooftop project with capacity of 2.15 MW.In 2020 the entire shareholding of VSL Ventures Private Limited was transferred to Vikram Capital Management Private Limited and Shri. Gyanesh Chaudhary as a nominee of Vikram Capital Management Private Limited by the Company.In 2021 the Company transferred its entire shareholding of Vikram Solar RE Power Private limited to VSL Ventures Private Limited and entire shareholding of Viki.ai Private limited to VSL Ventures Private Limited and nominee of the Company Smt. Urmila Chaudhary. The cumulative annual rated production capacity reached 2500 MW which is not as yet available commercially across their factories located at Falta SEZ Kolkata West Bengal and at Oragadam in Tamil Nadu. Both of these factories are located strategically with access to ports rail and roads helping facilitate both domestic as well as international operations. The Company has commenced plans on upgrading the existing manufacturing plant in Falta from its present capacity of 1.2 GW to 3 GW within Fiscal 2023. In addition it installed solar power plants for six airports in India including the Cochin International Airport Limited which is the worlds first fully solarized airport. It set up a geographically diversified presence in India through an extensive network of 42 distributors.The Company is planning to raise capital from Public by raising Rs. 1500 Equity Shares through Fresh Issue and 5000000 Equity Shares through Offer for Sale..

Revenue: ₹1,563.09Cr as on June 2026 (Q1 FY27)
Net Profit: ₹19.78Cr as on June 2026 (Q1 FY27)
Listing date: 26 Aug, 2025
Chairperson Name: Gyanesh Chaudhary
OrganisationVikram Solar Ltd
HeadquartersKolkata
IndustryCapital Goods - Electrical Equipment
CEOGyanesh Chaudhary
E-voting on sharesClick here to vote

FAQs

What is Vikram Solar share price today?

Vikram Solar share price today stands at ₹163 as on . Vikram Solar share today touched a day high of ₹166.63 and a low of ₹161.

What is the 52 week high and 52 week low range for Vikram Solar share?

Vikram Solar touched a 52 week high of ₹382 and a 52 week low of ₹155.38. Vikram Solar share price today i.e. is trending at ₹163, which is -57.33% down from its 52 week high and 4.90% up from its 52 week low.

What is Vikram Solar's market capitalisation today?

Vikram Solar market capitalisation is ₹5,923.04 Cr as on .

How to buy Vikram Solar shares?

To buy Vikram Solar shares, you need to follow these steps:

  • Open a Demat account and Trading account on INDmoney
  • Fund your Trading account
  • Search for VIKRAMSOLR or Vikram Solar Ltd on the INDmoney app to check live prices of the stock
  • Click on Buy or SIP to place an order to invest in Vikram Solar shares. You can invest by selecting the number of shares or set up a fixed SIP to invest every month or week.

What is Vikram Solar trading volume today?

Vikram Solar trading volume is 18.24L as on . This means that 18.24L shares of Vikram Solar were bought and sold on the stock market during today's trading session.

What are INDmoney investors doing with Vikram Solar shares right now?

Based on aggregated, anonymised INDmoney platform data, search interest and investment activity in Vikram Solar have both increased over the past 30 days, and the average INDmoney investor holds the stock for 23 days. This reflects platform activity only and is not investment advice.