Vikram Solar Limited (BOM:544488)

India · Delayed Price · Currency is INR

173.30

+1.40 (0.81%)

At close: Aug 21, 2026

Vikram Solar Financials Overview

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	52,318	48,023	34,235	25,110	20,732	17,303
Revenue Growth	33.26%	40.27%	36.34%	21.12%	19.82%	7.46%
Gross Profit	13,970	14,574	8,620	8,244	4,505	3,339
Operating Income	6,457	7,924	3,417	2,717	1,451	244.93
Net Income	3,568	4,704	1,398	797.18	144.91	-629.4
Earnings Per Share	9.97	13.60	4.60	3.08	0.56	-2.43
EPS Growth	22.23%	195.65%	49.35%	450.12%	-	-

Revenue by Geography

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
India	48,019	33,894	9,647	16,245	15,389
Overseas	3.36	340.84	15,463	4,485	1,912
Total	48,023	34,235	25,110	20,730	17,301

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Investments	357.73	357.73	391.57	89.49	16.31	188.68
Total Debt	6,451	6,451	2,719	8,543	7,922	7,489
Net Cash (Debt)	-6,094	-6,094	-2,328	-8,454	-7,906	-7,301
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-17.01	-17.61	-7.67	-32.66	-30.54	-28.21

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Cash Flow	-	6,295	2,812	1,520	1,954	2,014
Capital Expenditures	-	-7,221	-1,333	-715.97	-1,057	-1,413
Free Cash Flow	-	-925.45	1,479	804.27	897.31	600.89
Free Cash Flow Growth	-	-	83.90%	-10.37%	49.33%	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Gross Margin	26.70%	30.35%	25.18%	32.83%	21.73%	19.29%
Operating Margin	12.34%	16.50%	9.98%	10.82%	7.00%	1.42%
Pretax Margin	9.40%	13.47%	6.35%	4.27%	0.91%	-4.59%
Profit Margin	6.82%	9.80%	4.08%	3.17%	0.70%	-3.64%
FCF Margin	-	-1.93%	4.32%	3.20%	4.33%	3.47%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 23, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
PE Ratio	17.59	13.69	-	-	-	-
PS Ratio	1.20	1.34	-	-	-	-