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Vikram Solar Limited

  • https://www.vikramsolar.com/
  • Sector: Energy
  • CHRYSEUM SCORE: 6.00/10.00
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    Vikram Solar Limited

    • Sector: Energy
    • CHRYSEUM SCORE: 6.00/10.00

    Description: Vikram Solar is an established PV module manufacturer, in terms of operational capacity, and is also an integrated solar energy solutions provider

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/E of Company

    151.98

    AVG P/E of Key Peer/s

    79.60

    Valuation Score

    0.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed/unlisted peers. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    15.97%

    PAT Growth

    27.80%

    ROE

    17.90%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales and PAT on a 3 year CAGR basis and the Company’s ROE as per the latest financial year results released by the company.

    Leverage

    Max Score: 1.50

    Debt / Equity

    1.81

    AVG Industry Debt / Equity

    2.10

    Leverage Score

    1.00

    Lower the Debt/Equity, higher the score.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹380.00 -10.00 (-2.56%)

As on 18 Apr, 2025
L 380.00 52 Week Range H 469.00
Company Description : One of India's Leading Module Manufacturer
Company Overview
  • Name of Company Vikram Solar Limited
  • Sector Energy
  • ISIN INE078V01014
  • Scrip Code Vikram Solar
  • CIN U18100WB2005PLC106448
  • Pan No AABCI5168D
  • Face Value 10
  • Price ₹ 380.00
  • No. of Shares outstanding 31.65 Cr.
  • Market Cap ₹ 12,028.38 Cr
Financials
  • Revenue from operations ₹ 2,510.99 Cr.
  • EBITDA ₹ 411.55 Cr.
  • EBITDA Margin % 16.39%
  • Profit After Tax ₹ 79.71 Cr.
  • PAT Margin % 3.16%
  • EPS 2.52
  • Stock P/E 150.79
  • Book Value Per Share 14.07
  • P/B 27.01
  • Debt/Equity 1.81
Other Key Statistics
  • 52 week High/Low 469.00/380.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 15.97%
  • EBITDA Growth - 3 years 28.38%
  • PAT Growth - 3 years 27.80%
  • EPS Growth - 3 years 19.41%
  • ROE 17.90%
  • ROCE 23.52%
  • Cash Equivalents 115.73
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name Vikram Solar Limited Waaree Energies Limited Premier Energies
Listing Status Unlisted Unlisted Listed
Revenue from Operations 2,510.99 11,397.61 3,143.79
Total Income 2,523.96 11,632.76 3,171.31
Finance Cost 154.62 139.91 121.18
Depreciation & Amortization 138.01 276.81 96.09
Total Expenses 2,405.04 10,239.90 2,883.26
EBITDA 411.55 1,809.58 505.32
PAT 79.71 1,274.38 231.36
No. of Shares Outstanding 31.65 26.30 45.08
EPS (in ₹) 2.52 48.46 5.13
Share Capital 258.83 262.96 196.22
Total Net Worth 445.42 4,148.49 659.89
Total Assets 2,585.50 11,313.73 3,554.13
Total Debt 808.33 317.32 1,392.24
Key Metrics:
CMP* 380.00 2,228.00 967.25
Market Cap (In Cr.) 12,028.38 58,596.40 43,603.63
Market Cap/Sales 4.77 5.04 13.75
EPS (Earnings Per Share) 2.52 48.46 5.13
BVPS (Book Value Per Share) 14.07 157.74 14.64
P/E 150.79 45.98 188.55
P/BV 27.01 14.12 66.07
EBITDA Margin 16.39% 15.88% 16.07%
ROE 17.90% 30.72% 35.06%
ROA 3.08% 11.26% 6.51%
*Market Price in ₹ as on 18 Apr, 2025

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 2,510.99 2,073.23 1,730.31 1,610.14 1,639.68
Y-o-Y Revenue Growth 21.11% 19.82% 7.46% -1.80% -16.18%
Other Income 12.97 18.68 12.74 17.46 22.29
Total Income 2,523.96 2,091.91 1,743.05 1,627.60 1,661.97
Total Expenses (Excludes Interest and Depreciation) 2,112.41 1,887.05 1,671.63 1,433.10 1,499.81
Operating Profit (After deducting Depreciation) 260.57 122.24 10.70 138.21 103.10
OPM % 10.38 5.90 0.62 8.58 6.29
EBITDA 411.55 204.86 71.42 194.50 162.16
Depreciation 138.01 63.94 47.98 38.83 36.77
EBIT 273.54 140.92 23.44 155.67 125.39
Interest 154.62 122.05 102.87 99.48 94.97
EBT before Exceptional Items 118.92 18.87 -79.43 56.19 30.42
Prior period/Exceptional /Extra Ordinary Items 11.64 0.00 0.00 0.00 0.00
Profit before tax/EBT 107.28 18.87 -79.43 56.19 30.42
Tax 27.57 4.38 -16.50 18.00 7.92
Net Profit 79.71 14.49 -62.93 38.19 22.50
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 79.71 14.49 -62.93 38.19 22.50
EPS in Rs 2.52 0.56 -2.43 1.48 8.06
EPS Change % 349.68% -123.05% -264.19% -81.64% -45.28%
EBITDA Change % 100.89% 186.84% -63.28% 19.94% -9.11%
Profit growth 450.10% -123.03% -264.78% 69.73% -45.31%
ROCE 23.52% 11.94% 3.11% 20.81% 21.28%
ROE 17.90% 3.97% -17.91% 9.22% 6.22%
Debt / Equity Ratio 1.81 2.02 2.00 1.50 1.37
Sales growth 3Years 15.97%
Sales growth 5Years 5.12%
Dividend per share 0.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 258.83 258.83 258.83 23.53 27.93
Reserves 186.59 106.37 92.46 390.88 333.91
Total shareholders' funds 445.42 365.20 351.29 414.41 361.84
Borrowings 808.33 737.79 703.11 620.78 494.39
Other Liabilities 591.34 592.86 131.35 61.57 23.63
Total Liabilities 2,140.08 2,111.09 1,885.94 1,383.68 1,214.55
Fixed Assets 498.77 662.20 550.17 447.81 367.55
Capital WIP 27.81 17.05 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00
Other Assets 357.82 371.25 365.16 318.06 320.38
Total Assets 2,585.50 2,476.29 2,237.23 1,798.09 1,576.39
Cash Equivalents 115.73 104.20 135.96 101.18 122.29
Total Current liability 1,422.29 1,296.20 1,482.34 1,050.03 987.09
Total Assets -Total Current liabilty 1,163.21 1,180.09 754.89 748.06 589.30

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity 152.02 195.43 201.35 12.70 226.57
Net Cash from / (used in) Investing Activity -63.69 -110.51 -154.89 -39.51 -36.08
Net Cash from / (used in) Financing Activity -81.03 -102.22 -36.22 3.81 -174.12
Net Inc/Dec In Cash And Cash Equivalents 7.31 -17.24 10.28 -23.00 16.48

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 24.58 77.64%
Non Promoters 7.08 22.36%

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