Vikram Solar Ltd. Share Price

Overview

Vikram Solar Ltd. share price is currently ₹127.55, down by - ₹2.25 (1.73%) from its previous closing price of ₹129.80. The share price has declined -20.1% over the past month and declined -63.06% over the past year. The stock's 52-week low and high are ₹127.19 and ₹340.10, respectively. Vikram Solar Ltd. has a market capitalisation of ₹ 5,220.00 Cr. The share price was last updated on 23 Oct 2026, 09:37 AM IST.

Vikram Solar Ltd.
Vikram Solar Ltd.
VIKRAMSOLR
 ₹0.00
- ₹2.25
1.73%
Electricals
 ₹0.00(%)1D

Updated: 23 Oct 2026, 09:37:03 am IST

Market Data

Open Price

 ₹129.75

Prev. Close

 ₹129.80
 ₹127.19

Day Low

 ₹129.75

Day High

 ₹127.19

52 Week Low

 ₹340.10

52 Week High

ElectricalsElectronics - Components
CategorySmall Cap

Fundamentals

Quick Bite

Price To Earnings Ratio

12.95

Sector PE

44.83

PB Ratio

1.47

Sector PB

7.56

EPS

9.85

Dividend Yield

0.00

Today's Volume

145.984 K

5 Day Avg. Volume

1.164 M

PEG Ratio

0.07

Market Cap.

₹ 5,220.00 Cr.

StockGro Trade views

Technical Analysis

Forecasts 🧭

Financials

Corporate Actions

Corporate Actions will be available shortly.

Mutual Fund Ownership

Mutual Fund Holder
Aug 26
Shares held
Sep 26
Shares held
Bandhan Small Cap Fund - Regular Plan - Growth93.22 Lac
96.49 Lac
(3.51%)
Franklin India Small Cap Fund - Growth20.00 Lac
20.00 Lac
no change
Motilal Oswal Nifty Microcap 250 Index Fund - Regular Plan - Growth3.44 Lac
3.58 Lac
(4.05%)
Kotak Energy Opportunities Fund - Regular Plan - Growth1.80 Lac
1.80 Lac
no change
Motilal Oswal BSE Clean Environment Index Fund - Regular Plan - Growth17.72 k
17.93 k
(1.17%)

About Vikram Solar Ltd. 👋

Vikram Solar Limited is an India-based solar photo-voltaic (PV) modules manufacturer in terms of operational capacity, producing solar photo-voltaic (PV) modules, and is also an integrated solar energy solutions provider offering engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) services. The Company's portfolio of solar energy products consists of the following high-efficiency solar PV modules: p-type monocrystalline silicon-based Passivated Emitter and Rear Contact (PERC) modules; N-Type monocrystalline silicon (N-Type) modules; and n-type monocrystalline silicon based heterojunction technology (HJT) modules; all of these being either bifacial (glass-to-glass/ glass-to-transparent back sheet) or monofacial (glass-to-white/black back sheet) modules. Its products are also differentiated based on cell size. Its latest generation solar PV modules (including those under testing) have wattages between 395-Watt peak (Wp) and a 735Wp rating.

Expert Opinions

Insights from SEBI-registered analysts · updated live

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CA ABHAY VARN

CA ABHAY VARN

12 Oct • 9:31 AM · SEBI-Registered Analyst

Oswal pumps plans ₹456 crore 1.2 gw solar plant.

Oswal Pumps Limited

OSWALPUMPS
plans a ₹455.85 crore solar cell plant. It will redirect ₹159.85 crore of IPO proceeds toward the 1.2 GW capacity. The project cost is estimated at ₹455.85 crore for a 1.2 GW solar cell facility. Around ₹159.85 crore from unutilised IPO proceeds will fund part of it. This supports backward integration in solar manufacturing. The key triggers are the ₹455.85 crore plant cost and redirection of ₹159.85 crore IPO proceeds for 1.2 GW capacity. This expands manufacturing for Oswal Pumps. Peers such as Waaree Energies, Premier Energies and Vikram Solar may see continued competition in solar cells. Near-term prices could react to the expansion plans. Risks include execution delays or higher costs. Competitors listed: Waaree Energies, Premier Energies, Vikram Solar. We have no financial interest in this news.

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CA Sumit Mangla

CA Sumit Mangla

11 Oct • 4:17 PM · SEBI-Registered Analyst

Oswal pumps approves 1.2 gw solar cell plant.

Oswal Pumps Limited

OSWALPUMPS
has approved setting up a 1.2 GW solar cell plant in Karnal, Haryana. The board also approved variation in IPO proceeds utilization and modification of the time limit for utilization. The greenfield 1.2 GW solar cell facility will be set up through its subsidiary. Changes to the use of IPO funds and the timeline for deployment have been approved. This supports backward integration in the solar manufacturing chain. The key triggers are the 1.2 GW solar cell plant approval in Karnal and the related IPO proceeds variation. This expands capacity for Oswal Pumps in solar components. Peers such as Waaree Energies, Premier Energies and Vikram Solar may see continued competition in the solar manufacturing space. Near-term prices could react to the expansion plans. Risks include execution delays or higher project costs. Competitors listed: Waaree Energies, Premier Energies, Vikram Solar. We have no financial interest in this news.

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CA. Hardik Kachchava

CA. Hardik Kachchava

28 Sep • 5:20 PM · SEBI-Registered Analyst

Strategic Order Acquisition & Business Update

VIKRAMSOLR
Executive Summary Vikram Solar Ltd continues to demonstrate robust operational momentum, recently securing a significant 400 MW module supply order from a leading domestic Engineering, Procurement, and Construction (EPC) contractor. This mandate, aimed at decentralized solar projects in Maharashtra, highlights the company's strategic alignment with India's agricultural solarisation initiatives and its capacity to deploy advanced, high-efficiency technologies at scale. Order Specifics and Technological Edge Project Scope: 400 MW module supply for decentralized, geographically distributed projects across Maharashtra. Technology Deployed: Vikram Solar will supply cutting-edge 620 Wp high-efficiency N-Type TOPCon G12R modules. These units feature glass-to-glass, bifacial technology, and half-cut cells, designed to maximize energy yield and long-term durability. Supply Chain Resilience and Backward Integration The 400 MW order is backed by critical supply chain enhancements. Earlier in September, Vikram Solar finalized a ₹1,250 crore procurement agreement with Avaada Electro Ltd to secure 1 Gigawatt (GW) of ALMM-compliant N-Type G12R TOPCon solar cells. With deliveries beginning in September 2026, this strategic sourcing arrangement fortifies the company's domestic cell supply chain, ensuring seamless execution of major mandates while strengthening its Domestic Content Requirement (DCR) market position. Vikram Solar Management Outlook Chairman and Managing Director Gyanesh Chaudhary emphasized that state-backed programs like MSKVY 2.0 are pivotal to India’s clean energy transition, bringing sustainable power to agricultural communities. He noted that securing module supplies for projects of this scale reflects strong market confidence in Vikram Solar’s advanced G12R TOPCon technology and its ability to manage geographically distributed deployments.

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Nikita (SEBI RA)

Nikita (SEBI RA)

24 Sep • 2:16 PM · SEBI-Registered Analyst

Vikran Engineering wins ₹153.76 crore order

Vikran Engineering Limited (NSE: VIKRAN) has secured a ₹153.76 crore order, excluding GST, from Power Grid Corporation of India Limited. The contract covers a 400 kV AIS Extension Substation Package at Tumkur-II, with a 21-month execution period. The order is significant because its value is roughly comparable to Vikran Engineering's reported trailing twelve-month revenue of ₹142 crore. The project also supports grid infrastructure linked to the integration of additional renewable energy capacity. My view is that the order improves revenue visibility, but execution will be more important than the headline order value. The key variables to watch are project progress, billing conversion and whether further POWERGRID orders follow.

VIKRAMSOLR

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Neha

Neha

23 Sep • 3:56 PM · SEBI-Registered Analyst

🚨 VIKRAM THERMO | PHARMA EXCIPIENTS + 40% OPM + 36% ROCE

🚨 VIKRAM THERMO | PHARMA EXCIPIENTS + 40% OPM + 36% ROCE

VIKRAMSOLR
Vikram Thermo (India) Ltd is an integrated manufacturer of pharmaceutical excipients and chemicals, serving domestic and export markets. 📊 FY26 Snapshot • Sales: ₹134 Cr • Operating Profit: ₹54 Cr • OPM: 40% • PAT: ₹38 Cr • ROCE: 36% • ROE: 27% 🚀 Growth • 5Y Sales CAGR: 13% • 5Y Profit CAGR: 26% • TTM Profit Growth: 34% • FY26 Operating Cash Flow: ₹52 Cr • Free Cash Flow: ₹42 Cr 💰 Balance Sheet Borrowings reduced to just ₹5 Cr, while CFO/Operating Profit stood at 119%, highlighting strong cash conversion. ⚠️ Key Monitorable At around 30.7x P/E and 8.5x book value, valuation remains an important factor despite strong profitability. — Neha Gupta | SEBI Registered Research Analyst Registration No.: INH000016542 For educational purposes only. Not investment advice. #VikramThermo #PharmaStocks #SpecialtyChemicals #IndianStocks #StockMarket

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Pyrifera Investment Advisors

Pyrifera Investment Advisors

17 Sep • 1:42 AM · SEBI-Registered Analyst

Vikram Solar Secures 1 GW Cell Supply with Avaada Electro

Vikram Solar Limited has finalized a strategic 1 GW domestic solar cell supply agreement with Avaada Electro, securing a steady pipeline of ALMM-compliant N-Type TOPCon cells starting September 2026. Key Highlights: Deal Scope: 1 GW of domestically manufactured, high-efficiency solar cells to power Vikram Solar’s module manufacturing. Strategic Bridge: The agreement acts as a critical supply bridge to maintain production momentum while Vikram Solar’s own upcoming 9 GW cell facility progresses toward commissioning. Q1 FY27 Context: The deal comes as the company navigates near-term margin pressures, reporting an 85% YoY decline in Q1 FY27 net profit to ₹20 crore due to elevated expenses, despite top-line revenue growth. Strategic Rationale: DCR Compliance & Import Insulation: Securing a reliable, high-volume domestic source of cells ensures Vikram Solar can seamlessly fulfill premium Domestic Content Requirement (DCR) tenders without relying on volatile international supply chains. Margin Stabilization: By locking in local cell pipelines, the company mitigates the cell scarcity and margin compression currently impacting standalone module manufacturers. Market Outlook: This is a highly calculated tactical move that strengthens Vikram Solar’s positioning in India’s rapidly expanding DCR solar market. With strict domestic content policies favoring localized supply chains, this partnership secures long-term revenue visibility for utility-scale projects and effectively bypasses international trade barriers, positioning the company for sustained operational stability.

VIKRAMSOLR

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