Vikram Solar Limited (NSE:VIKRAMSOLR)

Vikram Solar Ratios and Metrics

Market cap in millions INR. Fiscal year is April - March.

Total Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Market Capitalization	50,726	64,375	-	-	-	-
Market Cap Growth	-55.68%	-	-	-	-	-
Enterprise Value	56,820	49,253	-	-	-	-
Last Close Price	139.25	177.67	-	-	-	-

Price Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	14.05	13.69	-	-	-	-
Forward PE	12.55	11.65	-	-	-	-
PS Ratio	0.97	1.34	-	-	-	-
PB Ratio	1.60	2.03	-	-	-	-
P/TBV Ratio	1.61	2.04	-	-	-	-
P/OCF Ratio	8.06	10.23	-	-	-	-
PEG Ratio	-	0.11	-	-	-	-

EV Ratios

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
EV/Sales Ratio	1.09	1.03	-	-	-	-
EV/EBITDA Ratio	7.13	5.35	-	-	-	-
EV/EBIT Ratio	8.80	6.22	-	-	-	-

Financial Efficiency

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Debt / Equity Ratio	0.20	0.20	0.22	1.92	2.17	2.13
Debt / EBITDA Ratio	0.81	0.68	0.55	2.10	3.85	10.71
Debt / FCF Ratio	-	-	1.84	10.62	8.83	12.46
Net Debt / Equity Ratio	0.19	0.19	0.19	1.90	2.17	2.08
Net Debt / EBITDA Ratio	0.79	0.66	0.48	2.12	4.01	11.31
Net Debt / FCF Ratio	-	-6.58	1.57	10.51	8.81	12.15
Asset Turnover	-	1.12	1.26	0.99	0.88	0.86
Inventory Turnover	-	5.34	6.23	4.40	5.09	6.10
Quick Ratio	-	0.66	0.92	0.97	0.89	0.75
Current Ratio	-	1.89	1.44	1.39	1.35	1.09
Return on Equity (ROE)	-	21.34%	16.57%	19.67%	4.04%	-16.44%
Return on Assets (ROA)	-	11.57%	7.88%	6.71%	3.85%	0.76%
Return on Invested Capital (ROIC)	12.41%	21.94%	15.90%	16.50%	9.96%	2.27%
Return on Capital Employed (ROCE)	-	21.10%	23.80%	23.40%	12.30%	3.20%

Yields

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 11, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Earnings Yield	7.12%	7.31%	-	-	-	-
FCF Yield	-1.82%	-1.44%	-	-	-	-
Buyback Yield / Dilution	-16.72%	-13.96%	-17.29%	-	-	-0.27%

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

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