Vikram Solar Ltd
| Market Cap | ₹11,000Cr. | Stock P/E | 138 |
| Current Price | ₹425 | Book Value | ₹17.2 |
| Lot Size | 100 | 52W Low | ₹ |
| 52W High | ₹ | Demat Account | NSDL\CDSL |
| EPS | 3.08 | ISIN | INE078V01014 |
| Debt to Equity | 1.81 | Valuation | ⭐⭐⭐⭐⭐ |
| Face Value | 10 | No. of Shares | 25.88 |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 382.5 | 100 | ₹ 38,250 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 425 | 100 | ₹ 42,500 |
Company Overview:
Industry: Power Generation/Distribution
Incorporation Year: 2005
Website: https://www.vikramsolar.com/
Company Overview : Vikram Solar Limited was established in 2006. With a presence in solar photovoltaic modules, engineering, procurement, and construction services, as well as operations and maintenance services, it is now the largest domestic PV module manufacturer and integrated solar energy solutions provider. They have a strong global presence on all six continents and actively contribute to the development of the solar revolution. High-efficiency mono-crystalline and polycrystalline silicon photovoltaic modules are produced by Vikram Solar. They have three manufacturing facilities in Tamil Nadu and West Bengal. The Company was established to support India’s ambitions in the field of renewable energy. Vikram Solar toiled for the creation of a more resilient and sustainable planet for future generations even before the country became vocal for local manufacturing.
Announcement and News
Vikram Solar: Among Indias Top 5, with 3.5 GW capacity and rising Feb 04, 2025
With a 3.5 GW capacity (March 2024) and plans to grow to 7 GW, Vikram Solar, one of the top 5 solar module producers in India, will be competing with Waaree Energies, Adani Solar, and ReNew. The company is investing in R&D, bifacial modules, battery storage, and green energy corridors and has a strong global presence with exports to 39 countries. A 3 GW solar facility in Tamil Nadu is currently under planning.
In terms of finances, sales increased 20.7% year over year to Rs.2,524 crore in FY24, and profit improved from a Rs.62.9 crore loss (FY22) to Rs.79.7 crore profit (FY24). Vikram Solar wants to help India reach its renewable energy target of 500 GW by 2030.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 2511 | 2073.2 | 1730.3 |
| TOTAL INCOME | 2524 | 2091.9 | 1743 |
| NET PROFIT | 79.7 | 14.5 | -62.9 |
| SHAREHOLDERS FUND | 445.4 | 365.2 | 351.3 |
| TOTAL ASSETS | 2585.5 | 2476.3 | 2237.2 |
| EPS | 3.08 | 0.56 | -2.43 |
Financial Docs
| Type | Period/Date | Document |
|---|---|---|
| Annual Report | 2023-24 | Download |
| Annual Report | 2022-23 | Download |
| Annual Report | 2021-22 | Download |
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 1730 | 2073 | 2511 |
| Cost Of Material Consumed | 1395 | 1717 | 1676 |
| Gross Margin | 19.36 | 17.17 | 33.25 |
| OPM | 3.41 | 9.02 | 15.89 |
| Other Income | 13 | 19 | 1 |
| Other Expenses | 178 | 179 | 337 |
| Depreciation & Amortization | 48 | 64 | 138 |
| Profit before tax | -79 | 20 | 107 |
| Net Profit Margin | -3.64 | 0.72 | 3.19 |
| EPS in Rs | -2.43 | 0.58 | 3.09 |
| Finance Cost | 103 | 122 | 155 |
Balance Sheet (IN Cr.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 258.8 | 258.8 | 258.8 |
| Reserves | 92 | 106 | 186 |
| Borrowings | 703 | 738 | 808 |
| Other Liabilities | 429.2 | 927.2 | 685.2 |
| Total Liabilities | 2237 | 2476 | 2585 |
| Fixed Assets | 502 | 644 | 456 |
| CWIP | 4 | 18 | 28 |
| Investments | 0 | 0 | 0 |
| Other Assets | 549 | 482 | 523 |
| Total Assets | 2237 | 2476 | 2585 |
Shareholding Pattern
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Vikram Capital Management Private Limited | 42.93% | 42.93% | 42.93% |
| Hari Krishna Chaudhary Family Trust | 28.20% | 28.20% | 28.20% |
| Hari Krishna Chaudhary | 6.34% | 6.34% | 5.31% |
| Gyanesh Chaudhary | 5.31% | 5.31% | 5.02% |
| Vikram Financial Services Limited | 5.02% | 5.02% | 5.83% |
| Others | 12.16% | 12.2% | 12.71% |