- POSITIVE
Quarterly Revenue Vikram Solar Jun-2026 Quarterly Revenue is Rs 1,549 Cr which is growth of 35.9% YoY.
- NEGATIVE
Quarterly Net Profit Vikram Solar Jun-2026 Quarterly Net Profit is Rs 19 Cr which is growth of -86.1% YoY.
NSE: VIKRAMSOLR | BSE: 544488
Vikram Solar Live Share Price Today, Share Analysis and Chart
aboutVikram Solar Ltd. is one of India’s largest solar photovoltaic (PV) module manufacturers and a key player in the solar energy solutions space. Founded in 2005 and headquartered in Kolkata, the company operates as a vertically integrated solar energy ... Read More
125.29-2.71(-2.12%)
1.5M
NSE+BSE Volume
NSE 30 Oct, 2026 3:31 PM (IST)
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Vikram Solar Stock Price Analysis
Day Price Range-2.1% 1 Day return | 125.3 (LTP) 125128 LowHigh |
|---|---|
Week Price Range-2.1% 1 Week return | 125.3 (LTP) 125131.8 LowHigh |
Month Price Range-21.7% 1 Month return | 125.3 (LTP) 124.5160.5 LowHigh |
52 Week Price Range-61.6% 1 Year return | 125.3 (LTP) 124.5330.4 LowHigh |
Competitors/Peers
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Documents
Vikram Solar quarterly results: revenue, profit, and P&L – 13 quarter history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
Nested row level
Base Level
Export
| Indicator | Graph | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,548.6 | 1,471 | 1,125.8 | 1,125.7 | 1,139.4 | 1,188 | 1,566.6 | 58.4 | 638.7 | ||
Operating Exp. | 1,411 | 1,218.1 | 902.4 | 875.5 | 891.4 | 971.8 | 1,385.8 | 49.6 | 517.7 | |
Operating Profit | 125 | 234.5 | 203.4 | 234.4 | 243.8 | 211.5 | 157.3 | 7.8 | 114.1 | |
Operating Profit Margin % | 8.14% | 16.14% | 18.39% | 21.12% | 21.48% | 17.87% | 10.19% | 13.54% | 18.06% | |
Depr. | 64 | 57.1 | 36.5 | 34.9 | 33.5 | 42.2 | 72.7 | 3.7 | 37.3 | |
Interest | 49.3 | 56.5 | 40.1 | 31.6 | 32.3 | 45.2 | 60.4 | 3.4 | 45.7 | |
Profit Before Tax | 24.2 | 139.3 | 141.2 | 183.7 | 182.3 | 128.7 | 47.6 | 1.7 | 38.1 | |
Tax | 5.5 | 29.3 | 44.7 | 55.5 | 47.9 | 45.9 | 17 | 0.6 | 13.6 | |
Net Profit | 18.7 | 110 | 96.4 | 128.2 | 134.4 | 82.8 | 30.7 | 1.1 | 24.5 | |
EPS Adj. latest | 0.5 | 3 | 2.7 | 3.5 | 3.7 | 2.3 | 0.9 | 0 | 0.7 | |
Net profit TTM | 353.4 | 469.1 | 441.9 | 376.2 | 249 | 139.1 | - | - | - | |
Basic EPS TTM | 9.8 | 13 | 12.2 | 10.4 | 7.9 | 4.4 | - | - | - | |
Earnings Transcripts | ||||||||||
AI Summary | ||||||||||
Results PDF | ||||||||||
Result Notes |
*All financials are in INR Cr and price data in INR
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Vikram Solar Technical Analysis
Vikram Solar EMA & SMA
Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
| 5 Day | 128.1 |
|---|---|
| 10 Day | 131.8 |
| 12 Day | 133.3 |
| 20 Day | 138.6 |
| 26 Day | 142.0 |
|---|---|
| 50 Day | 152.5 |
| 100 Day | 168.2 |
| 200 Day | 197.7 |
Vikram Solar Delivery And Volume
Daily Avg. Delivery Volume %
30 Oct, 202651.5%
Week45.6%
Month42.8%
Vikram Solar Active Candlesticks
Hikkake Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
Vikram Solar Resistance and Support
126.08
Pivot
| First Resistance | 127.2 |
|---|---|
| Second Resistance | 129.0 |
| Third Resistance | 130.1 |
| First Support | 124.2 |
|---|---|
| Second Support | 123.1 |
| Third Support | 121.3 |
| Day RSI | 22.2 |
|---|---|
| Day MACD | -8.8 |
| Day MFI | 36.4 |
| Day MACD Signal Line | -8 |
Vikram Solar Beta
| 1 Month | 0.8 |
|---|---|
| 1 Year | 1.2 |
| 3 Month | 0.4 |
|---|---|
| 3 Year | - |
Vikram Solar Price Change Analysis
↓-21.7%
Over 1 Month
LowHigh
124.5160.5
↓-29.5%
Over 3 Months
LowHigh
124.5186.8
↓-42.9%
Over 6 Months
LowHigh
124.5231.2
↓-61.6%
Over 1 Year
LowHigh
124.5330.4
Vikram Solar Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| QE SECURITIES LLP | Bulk | Sell | 17 Aug 2026 | 177.54 | 1,925,995 | NSE |
| MICROCURVES TRADING PRIVATE LIMITED | Bulk | Sell | 17 Aug 2026 | 180.14 | 2,313,498 | NSE |
| HRTI PRIVATE LIMITED | Bulk | Sell | 17 Aug 2026 | 179.30 | 2,424,897 | NSE |
| JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | Sell | 17 Aug 2026 | 180.47 | 2,669,654 | NSE |
| JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | Purchase | 17 Aug 2026 | 180.34 | 2,650,637 | NSE |
| HRTI PRIVATE LIMITED | Bulk | Purchase | 17 Aug 2026 | 179.08 | 2,520,406 | NSE |
| MICROCURVES TRADING PRIVATE LIMITED | Bulk | Purchase | 17 Aug 2026 | 180.08 | 2,313,498 | NSE |
| QE SECURITIES LLP | Bulk | Purchase | 17 Aug 2026 | 177.76 | 1,812,629 | NSE |
| JUNOMONETA FINSOL PRIVATE LIMITED | Bulk | Sell | 10 Sep 2025 | 390.73 | 2,304,250 | NSE |
| HRTI PRIVATE LIMITED | Bulk | Sell | 10 Sep 2025 | 391.55 | 1,654,158 | NSE |
Vikram Solar Corporate Actions
Vikram Solar Board Meetings
Vikram Solar past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
106 Aug 2026 | Quarterly Results | - |
207 May 2026 | Audited Results | - |
311 Mar 2026 | Others | To consider and review various business divisions and other business matters. |
420 Jan 2026 | Quarterly Results | - |
516 Oct 2025 | Quarterly Results | - |
Vikram Solar Research Reports
Vikram Solar research reports with share price targets, and buy/hold/sell recommendations from top brokers.
# Date | Broker Name | Target | Price When Recommended | Type | Upside | Change Since Recommendation | Links |
|---|---|---|---|---|---|---|---|
| 126 Mar 2026 | Prabhudas Lilladhar | 226 | 190.36 | Buy | 18.72% | -34.18% | |
| 218 Aug 2025 | Deven Choksey | - | - | IPO Note | - | -% | |
| 317 Aug 2025 | Ventura | - | - | IPO Subscribe | - | -% | |
| 413 Aug 2025 | SBI Securities | - | - | IPO Note | - | -% |
Vikram Solar Corporate Filings
Vikram Solar BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 27 Oct 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Please find enclosed Press Release for order win which is self explanatory | |
| 23 Oct 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Please find attached Press Release which is self explanatory | |
| 15 Oct 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Press Release / Media Release | Please find enclosed the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding Order Win of 187 MW of high efficiency solar modules | |
| 06 Oct 2026 | Vikram Solar Ltd - 544488 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 | Please find enclosed Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026 | |
| 30 Sep 2026 | Vikram Solar Ltd - 544488 - Closure of Trading Window | Please find enclosed the Intimation for Closure of Trading Window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |
Vikram Solar Documents
Vikram Solar Earnings Call
Vikram Solar earnings calls, including management commentary and AI-generated summaries.
| Date | Title | Links |
|---|---|---|
| 13 Aug 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 07 Aug 2026 | Vikram Solar Results Earnings Call for Q1FY27 | AudioVideo |
| 13 May 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 08 May 2026 | Vikram Solar Results Earnings Call for Q4FY26 & Full Year | AudioVideo |
| 28 Jan 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
Vikram Solar Annual Reports
Vikram Solar financials, including annual results, balance sheets, and cash flow statements.
Vikram Solar Credit Ratings
Vikram Solar credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
Vikram Solar Investor Presentations
Vikram Solar investor presentations, including business updates, financial insights, and strategic initiatives.
| Date | Report Title | Links |
|---|---|---|
| 06 Aug 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 07 May 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 26 Mar 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 20 Jan 2026 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 16 Oct 2025 | Vikram Solar Ltd - 544488 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
Vikram Solar - Company Profile
Vikram Solar Management Structure
Vikram Solar management structure with salaries, total experience, and qualifications.
Vikram Solar Board of Directors
Vikram Solar Board of directors with salaries, total experience, and qualifications.
Website: www.vikramsolar.com
About the company - Business Profile
Vikram Solar Ltd. is one of India’s largest solar photovoltaic (PV) module manufacturers and a key player in the solar energy solutions space. Founded in 2005 and headquartered in Kolkata, the company operates as a vertically integrated solar energy player with a presence across module manufacturing, Engineering, Procurement, and Construction (EPC) services, and Operations and Maintenance (O&M). The company has a global footprint spanning 39 countries and was recently listed on the BSE and NSE in 2025.
Key Points
- Key Facts: Founded in 2005; Headquartered in Kolkata, West Bengal. Listed on BSE (Scrip Code: 544488) and NSE (Symbol: VIKRAMSOLR). Key products include N-Type and Mono-PERC solar modules, and solar EPC services.
- Operations and Resources: Operates manufacturing facilities at Falta SEZ, West Bengal (3.2 GW) and Oragadam and Vallam, Tamil Nadu. As of March 2026, the company has an operational capacity of 9.5 GW, with plans to reach 15.5 GW of module capacity and 12 GW of cell capacity by FY2027.
- Ownership and Management: Managed by a professional leadership team, recently appointing Mr. Sameer Nagpal as CEO. The company maintains a conservative financial structure with a Net Debt-to-Equity ratio of 0.03x as of September 2025.
- Market Significance: Ranked as a Tier-1 solar module manufacturer by Bloomberg NEF. It achieved a milestone of shipping 10 GW of modules globally by early 2026.
- Business Model and Competencies: The business is built on a high-volume manufacturing model complemented by high-margin EPC and O&M services. It excels in technology adoption, being among the first to introduce half-cut cell technology in India.
- Revenue and Financial Performance (FY2026):
- Annual Revenue (FY26): ₹4,802 crore (40% YoY growth).
- EBITDA (FY26): ₹917 crore (86% YoY growth; 19% margin).
- Profit After Tax (FY26): ₹470 crore (236% YoY growth; 10% margin).
- Revenue Breakdown (9M FY26): Dominantly driven by Domestic sales (84%), with Exports contributing 16%.
- Order Book: Stood at 11.15 GW as of September 2025, later reported at 8.2 GW for active execution in March 2026. The customer mix includes Independent Power Producers (69%), Commercial & Industrial (13%), and Government/EPC (18%).
- Strategic Initiatives:
- Backward Integration: Building a 3 GW cell manufacturing facility in Gangaikondan, TN, with a "First Cell Out" target of December 2026.
- Energy Storage: Foray into Battery Energy Storage Systems (BESS) under "VSL Powerhive" with a long-term goal of 30 GWh capacity.
- Expansion: Total Capex plan of ~₹5,050 crore for integrated cell and module expansion.
- Workforce: Employs over 2,586 personnel (including permanent and contractual). The company hired 375 new employees in FY2025 with a focus on R&D and technical roles.
References