Home > Annual Financials > VIKRAM SOLAR

VIKRAM SOLAR Financial Statement Analysis
[BOM: 544488|NSE : VIKRAMSOLR]

The Revenues of VIKRAM SOLAR have increased by 40.28% YoY .
The Earnings Per Share (EPS) of VIKRAM SOLAR has increased by 193.67 % YoY.
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VIKRAM SOLAR Last 5 Annual Financial Results
[BOM: 544488|NSE : VIKRAMSOLR]

ConsolidatedMar2026
Mar2025
Mar2024
Mar2023
Mar2022
Revenues ₹4,802 Cr₹3,423 Cr₹2,511 Cr₹2,073 Cr₹1,730 Cr
Expenses ₹3,886 Cr₹2,931 Cr₹2,112 Cr₹1,887 Cr₹1,672 Cr
Operating Profit (Excl OI) ₹917 Cr₹492 Cr₹399 Cr₹186 Cr₹59 Cr
Other Income ₹59 Cr₹36 Cr₹13 Cr₹19 Cr₹13 Cr
Interest ₹161 Cr₹155 Cr₹155 Cr₹122 Cr₹103 Cr
Depreciation ₹162 Cr₹156 Cr₹138 Cr₹64 Cr₹48 Cr
Profit Before Tax ₹647 Cr₹217 Cr₹107 Cr₹19 Cr₹-79 Cr
Profit After Tax ₹470 Cr₹140 Cr₹80 Cr₹14 Cr₹-63 Cr
Consolidated Net Profit ₹470 Cr₹140 Cr₹80 Cr₹14 Cr₹-63 Cr
Earnings Per Share (Rs)₹12.98₹4.42₹3.08₹0.56₹-2.43
PAT Margin (%)9.804.083.170.70-3.64
ROE(%)21.4516.6319.674.05-16.44
ROCE(%)34.0727.2922.2313.062.24
Total Debt/Equity(x)0.030.191.812.022.00

Key Financials

Market Cap : ₹ 5,584.6 Cr
Revenue (TTM) : ₹ 5,231.8 Cr
Net Profit(TTM) : ₹ 356.8 Cr
EPS (TTM) : ₹ 9.8
P/E (TTM) : 15.7

Industry Peers & Returns1W1M1Y
VIKRAM SOLAR -3.9% -9.2% -52.2%
KAYNES TECHNOLOGY INDIA -7% -5.8% -53.3%
SYRMA SGS TECHNOLOGY -0.8% 18.7% 113.6%
AVALON TECHNOLOGIES -2% -1.6% 130.8%
SAATVIK GREEN ENERGY -5% -3.9% NA
WEBSOL ENERGY SYSTEM -6.2% -7.3% -43.4%
CENTUM ELECTRONICS -2.1% 37.3% 75.6%
CYIENT DLM -3.8% 4.5% 103.9%
KERNEX MICROSYSTEMS (INDIA) -3% 0.6% 53.9%


VIKRAM SOLAR Revenues
[BOM: 544488|NSE : VIKRAMSOLR]

Y-o-Y

40.28 %

5 Yr CAGR

29.07 %

Years Revenues % Change
Mar2026 ₹4,802 Cr
40.28
Mar2025 ₹3,423 Cr
36.34
Mar2024 ₹2,511 Cr
21.11
Mar2023 ₹2,073 Cr
19.82
Mar2022 ₹1,730 Cr -


VIKRAM SOLAR Operating Profit
[BOM: 544488|NSE : VIKRAMSOLR]

Y-o-Y

86.30 %

5 Yr CAGR

98.81 %

Years Operating Profit % Change
Mar2026 ₹917 Cr
86.30
Mar2025 ₹492 Cr
23.44
Mar2024 ₹399 Cr
114.08
Mar2023 ₹186 Cr
217.29
Mar2022 ₹59 Cr -

Operating Margins
Y-o-Y

32.85 %

5 Yr CAGR

54.05 %

Years Operating Margin% % Change
Mar2026 19.09%
32.85
Mar2025 14.37%
-9.45
Mar2024 15.87%
76.73
Mar2023 8.98%
164.90
Mar2022 3.39% -

VIKRAM SOLAR Profit After Tax
[BOM: 544488|NSE : VIKRAMSOLR]

Y-o-Y

236.42 %

5 Yr CAGR

Positive

Years Profit After Tax % Change
Mar2026 ₹470 Cr
236.42
Mar2025 ₹140 Cr
75.41
Mar2024 ₹80 Cr
450.12
Mar2023 ₹14 Cr
Positive
Mar2022 ₹-63 Cr -

PAT Margins
Y-o-Y

140.20 %

5 Yr CAGR

Positive

Years PAT Margin(%) % Change
Mar2026 9.8 %
140.20
Mar2025 4.08 %
28.71
Mar2024 3.17 %
352.86
Mar2023 0.7 %
Positive
Mar2022 -3.64 % -

VIKRAM SOLAR Earnings Per Share (EPS)
[BOM: 544488|NSE : VIKRAMSOLR]

Y-o-Y

193.67 %

5 Yr CAGR

Positive

Years EPS % Change
Mar2026 ₹13
193.67
Mar2025 ₹4.42
43.51
Mar2024 ₹3.08
450.00
Mar2023 ₹0.56
Positive
Mar2022 ₹-2.43 -

VIKRAM SOLAR Return on Capital Employed (ROCE)
[BOM: 544488|NSE : VIKRAMSOLR]

Y-o-Y

24.84 %

5 Yr CAGR

97.48 %

Years ROCE % Change
Mar2026 34.07%
24.84
Mar2025 27.29%
22.76
Mar2024 22.23%
70.21
Mar2023 13.06%
483.04
Mar2022 2.24% -

VIKRAM SOLAR Share Price vs Sensex

Current Share Price : ₹154.1
Current MarketCap: ₹ 5,584.6 Cr
Updated EOD on :Oct 01,2026

Share Price Returns(%) 1 Week 1 Month 1 Year
VIKRAM SOLAR

-3.9%

-9.2%

-52.2%

SENSEX

-2.3%

-6.6%

-12%

VIKRAM SOLAR related INDICES

BSE Indices1W1M1Y
BSE INDUSTRIALS -2.4% -5.3% 5.9%
BSE 1000 -2.9% -6.2% -5%
NSE Indices1W1M1Y
NIFTY MICROCAP 250 -1.8% -2.4% 8.3%
NIFTY SMALLCAP 500 -2.7% -3.7% NA
NIFTY TOTAL MARKET -3% -6.6% -5.1%

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FAQ about VIKRAM SOLAR Financials


How the annual revenues of VIKRAM SOLAR have changed ?

The Revenues of VIKRAM SOLAR have increased by 40.28% YoY .

How the Earnings per Share (EPS) of VIKRAM SOLAR have changed?

The Earnings Per Share (EPS) of VIKRAM SOLAR has increased by 193.67 % YoY .