Vikram Solar Limited
127.70
INR
-3.85
(-2.93%)
Vikram Solar Limited
BSE:VIKRAMSOLR
(Bombay Stock Exchange)
Recent
price
127.70
P/E
ratio
18.10
div
yld
- -
ROIC.AI
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.- Similar Companies
- Business
- Vikram Solar Ltd is an Indian solar photovoltaic (PV) module manufacturer and integrated solar energy solutions provider. The company produces a range of high-efficiency solar PV modules including p-type monocrystalline silicon based Passivated Emitter and Rear Contact (PERC) modules; n-type monocrystalline silicon modules including heterojunction technology (HJT) modules; bifacial (glass-to-glass and glass-to-transparent back sheet) and monofacial modules. Vikram Solar offers engineering, procurement, and construction (EPC) solutions for large-scale solar projects such as ground-mounted utility projects, rooftop installations, floating solar plants, and airport solar projects, supported by operation and maintenance (O&M) services primarily for executed EPC projects. Vikram Solar operates principally in India and has expanded its manufacturing capacity with a new state-of-the-art facility in Vallam, Tamil Nadu, raising its total module production capacity to 9.5 gigawatts (GW). The company is also investing in backward integration with solar cell manufacturing units planned in Gangaikondan, Tamil Nadu, targeting a capacity expansion to 12 GW by fiscal 2027, and is diversifying into battery energy storage systems with an initial planned capacity of 1 GWh in Tamil Nadu, expandable to 5 GWh by fiscal 2027. Founded in 2006 and headquartered in Kolkata, India, Vikram Solar serves commercial, industrial, and utility-scale customers, positioning itself as a key player in India’s renewable energy transition. Recent major developments include a successful initial public offering (IPO) in 2025, raising substantial funds for expansion. The company has secured several sizable orders totaling over 1 GW in solar modules from prominent clients including Maharashtra State Power Generation Co. Ltd, Larsen & Toubro Construction, Bondada Group, Sunsure Energy, and AB Energia. These orders feature advanced technology modules such as Hypersol G12R N-type and M10R N-type TOPCon, demonstrating Vikram Solar’s strategic focus on high-performance and cost-efficient solar solutions. The firm also recently commenced supplying 393.9 MW modules for the NLC India project at Gujarat’s Khavda Renewable Energy Park and has plans to set up an integrated solar cell and module manufacturing facility with an annual capacity of 2,000 MW. Vikram Solar operates within the solar energy and renewable power industry, concentrating on solar PV module manufacturing as its core business, while delivering EPC and O&M services to strengthen its market presence. Its clients include government and private sector entities aiming to expand solar capacity aligning with India’s target of achieving 500 GW of non-fossil power capacity by 2030. The company also markets branded solar modules and undertakes OEM contracts for private labels. Vikram Solar’s continuous technological innovation, capacity expansions, and strategic partnerships place it as a leading Indian solar module manufacturer accelerating clean energy adoption domestically and internationally.