Vikram Solar Ltd.
NSE: VIKRAMSOLR · Other Electrical Equipment
Snapshot
Unlock Vikram Solar Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Vikram Solar Limited is a manufacturer of solar photovoltaic modules and systems, providing comprehensive engineering, procurement, and construction (EPC) solutions. The company also offers long-term operations and maintenance services for solar projects across India and international markets.
Business Model
The company generates revenue through the sale of solar modules under various brand names and by executing turnkey solar projects. It further sustains income through ongoing operations and maintenance contracts for installed solar infrastructure.
- Incorporation Year:2005
Growth Outlook
Growth is driven by the increasing demand for renewable energy solutions and the expansion of rooftop solar projects in India. The company continues to leverage its established brand portfolio to capture market share in both domestic and international solar sectors.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, import duties, or renewable energy policies can significantly impact project viability and product demand.
- Raw Material Price Volatility. Fluctuations in the cost of silicon and other essential components used in photovoltaic module manufacturing can compress profit margins.
- Intense Market Competition. The solar manufacturing sector faces aggressive pricing pressure from both domestic players and low-cost international competitors.
- Project Execution Risk. Delays in large-scale EPC projects due to land acquisition, permitting, or supply chain disruptions may adversely affect financial performance.
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Key Metrics
P/E
16.6x
Q1 FY27 · consolidated
EV/EBITDA
7.1x
Q1 FY27 · consolidated
NET PROFIT MARGIN
1.3%
Q1 FY27 · consolidated
Peers · Other Electrical Equipment
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Vikram Solar Ltd.VIKRAMSOLR | ₹6,104 Cr | 16.61 | 7.11 | — | 16.6% | 11.3% | 17.8% | -47.7% |
Waaree Renewable Technologies Ltd.WAAREERTL | ₹8,963 Cr | 17.63 | 12.50 | 85.9% | 19.7% | 73.6% | 90.9% | -15.5% |
Saatvik Green Energy LimitedSAATVIKGL | ₹5,394 Cr | 19.92 | 13.96 | — | 10.8% | 18.2% | 22.7% | — |
Ram Ratna Wires LimitedRAMRAT | ₹5,234 Cr | 35.33 | 17.96 | 60.5% | 5.4% | 24.6% | 35.0% | -24.5% |
Shilchar Technologies LimitedSHILCTECH | ₹4,651 Cr | 29.41 | 21.39 | 4.6% | 33.2% | 41.3% | 54.9% | -13.4% |
Websol Energy System LimitedWEBELSOLAR | ₹3,236 Cr | 4.37 | 7.11 | 76.3% | 38.5% | 69.0% | 64.4% | -94.3% |
As of Q1 FY27
Financials
Vikram Solar Ltd.
NSE: VIKRAMSOLR · Other Electrical Equipment
Snapshot
Unlock Vikram Solar Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Vikram Solar Limited is a manufacturer of solar photovoltaic modules and systems, providing comprehensive engineering, procurement, and construction (EPC) solutions. The company also offers long-term operations and maintenance services for solar projects across India and international markets.
Business Model
The company generates revenue through the sale of solar modules under various brand names and by executing turnkey solar projects. It further sustains income through ongoing operations and maintenance contracts for installed solar infrastructure.
- Incorporation Year:2005
Growth Outlook
Growth is driven by the increasing demand for renewable energy solutions and the expansion of rooftop solar projects in India. The company continues to leverage its established brand portfolio to capture market share in both domestic and international solar sectors.
Key Risks
- Regulatory and Policy Risk. Changes in government subsidies, import duties, or renewable energy policies can significantly impact project viability and product demand.
- Raw Material Price Volatility. Fluctuations in the cost of silicon and other essential components used in photovoltaic module manufacturing can compress profit margins.
- Intense Market Competition. The solar manufacturing sector faces aggressive pricing pressure from both domestic players and low-cost international competitors.
- Project Execution Risk. Delays in large-scale EPC projects due to land acquisition, permitting, or supply chain disruptions may adversely affect financial performance.
Start your research today
Unlock AI insights, financials, peers and live data on Vikram Solar Ltd. and 5,000+ companies — free.
Key Metrics
P/E
16.6x
Q1 FY27 · consolidated
EV/EBITDA
7.1x
Q1 FY27 · consolidated
NET PROFIT MARGIN
1.3%
Q1 FY27 · consolidated
Peers · Other Electrical Equipment
As of Q1 FY27